Financial Statements

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Cash & Equivalents 12.40 9.60 15.66 27.08
Cash and Short Term Investments 12.40 9.60 15.66 27.08
Accounts Receivable - Trade, Gross 124.57 137.56 128.20 59.03
Provision for Doubtful Accounts -4.55 -4.42 -6.67 -2.81
Accounts Receivable - Trade, Net 120.02 133.14 121.53 56.22
Receivables - Other 2.67 11.07 21.85 21.62
Total Receivables, Net 122.69 144.21 143.37 77.83
Total Inventory 0.00 0.00 0.00 0.00
Prepaid Expenses 41.79 41.87 33.32 28.29
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00
Discontinued Operations - Current Asset 0.00 0.00 21.31 0.00
Other Current Assets 0.00 2.47 0.00 0.00
Other Current Assets, Total 0.00 2.47 21.31 0.00
Total Current Assets 176.87 198.14 213.66 133.20
Land/Improvements - Gross 270.44 257.21 252.37 105.92
Construction in Progress - Gross 89.08 106.74 129.31 36.68
Other Property/Plant/Equipment - Gross 3,731.07 3,516.99 3,254.02 2,258.13
Property/Plant/Equipment, Total - Gross 4,090.60 3,880.94 3,635.70 2,400.74
Accumulated Depreciation, Total -2,228.48 -1,953.81 -1,598.09 -1,345.55
Property/Plant/Equipment, Total - Net 1,862.12 1,927.13 2,037.61 1,055.19
Goodwill, Net 1,035.27 1,035.27 1,038.03 756.88
Intangibles - Gross 321.33 753.41 527.33 224.15
Accumulated Intangible Amortization -157.26 -294.57 -231.11 -203.10
Intangibles, Net 174.63 240.44 306.78 31.61
LT Investment - Affiliate Companies 56.64 54.73 52.74 51.33
LT Investments - Other 56.08 56.12 56.12 54.89
Long Term Investments 112.72 110.85 108.86 106.22
Deferred Charges 0.00 0.00 0.00 0.00
Other Long Term Assets 28.68 23.42 14.19 9.66
Other Long Term Assets, Total 28.68 23.42 14.19 9.66
Total Assets 3,390.28 3,535.26 3,719.13 2,092.76
Accounts Payable 30.94 32.50 24.14 6.77
Accrued Expenses 137.78 145.34 131.13 81.90
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 27.30 30.47 29.70 14.92
Dividends Payable 0.00 27.58 27.42 19.61
Customer Advances 45.71 47.72 42.53 26.44
Income Taxes Payable 0.00 0.00 0.00 0.00
Discontinued Operations – Current Liability 0.00 0.00 1.00 0.00
Other Current Liabilities 2.57 0.00 0.03 0.45
Other Current liabilities, Total 48.28 75.30 70.97 46.50
Total Current Liabilities 244.30 283.61 255.94 150.09
Long Term Debt 2,235.61 2,303.59 2,311.51 1,376.75
Capital Lease Obligations 15.07 0.00 0.00 0.00
Total Long Term Debt 2,250.68 2,303.59 2,311.51 1,376.75
Total Debt 2,277.98 2,334.05 2,341.21 1,391.68
Deferred Income Tax - Long Term Liability 173.03 188.13 209.72 244.30
Deferred Income Tax 173.03 188.13 209.72 244.30
Minority Interest 6.37 5.92 5.66 5.30
Pension Benefits - Underfunded 302.30 314.13 334.19 130.79
Other Long Term Liabilities 72.73 30.15 33.82 14.57
Other Liabilities, Total 375.03 344.28 368.01 145.37
Total Liabilities 3,049.40 3,125.53 3,150.84 1,921.80
Common Stock 0.72 0.71 0.71 0.51
Common Stock, Total 0.72 0.71 0.71 0.51
Additional Paid-In Capital 492.25 513.07 615.66 217.73
Retained Earnings (Accumulated Deficit) -71.22 -50.83 0.00 0.00
Other Equity 0.00 0.00 0.00 0.00
Minimum Pension Liability Adjustment -64.32 -55.51 -48.46 -47.15
Other Comprehensive Income -16.55 2.30 0.38 -0.13
Other Equity, Total -80.87 -53.21 -48.08 -47.28
Total Equity 340.88 409.74 568.29 170.95
Total Liabilities & Shareholders' Equity 3,390.28 3,535.26 3,719.13 2,092.76
Shares Outstanding – Common Stock Primary Issue 71.96 71.19 70.78 50.61
Total Common Shares Outstanding 71.96 71.19 70.78 50.61
Treasury Shares – Common Primary Issue 0.00 0.00 0.00 0.00
Employees 3,400.00 3,600.00 3,930.00 1,676.00
Part-Time Employees 0.00 0.00 0.00 0.00
Number of Common Shareholders 4,295.00 4,468.00 4,603.00 4,679.00
Accumulated Intangible Amortization 157.26 294.57 231.11 203.10
Deferred Revenue - Current 45.71 47.72 42.53 26.44
Total Current Assets less Inventory 176.87 198.14 213.66 133.20
Quick Ratio 0.72 0.70 0.83 0.89
Current Ratio 0.72 0.70 0.83 0.89
Net Debt 2,271.95 2,330.37 2,331.21 1,369.90
Tangible Book Value -869.02 -865.98 -776.53 -617.54
Tangible Book Value per Share -12.08 -12.16 -10.97 -12.20
Total Long Term Debt, Supplemental 2,269.71 2,325.06 2,343.41 1,397.75
Long Term Debt Maturing within 1 Year 18.35 18.35 18.35 9.00
Long Term Debt Maturing in Year 2 58.35 18.35 18.35 9.00
Long Term Debt Maturing in Year 3 463.35 40.35 18.35 9.00
Long Term Debt Maturing in Year 4 1,729.66 518.35 40.35 9.00
Long Term Debt Maturing in Year 5 0.00 1,729.66 518.35 9.00
Long Term Debt Maturing in 2-3 Years 521.70 58.70 36.70 18.00
Long Term Debt Maturing in 4-5 Years 1,729.66 2,248.01 558.70 18.00
Long Term Debt Maturing in Year 6 & Beyond 0.00 0.00 1,729.66 1,352.75
Interest Costs -4.55 0.00 0.00 0.00
Total Capital Leases 24.02 30.36 23.89 16.86
Capital Lease Payments Due in Year 1 10.28 12.12 11.35 5.92
Capital Lease Payments Due in Year 2 5.10 4.95 6.03 4.84
Capital Lease Payments Due in Year 3 3.19 4.95 6.03 4.84
Capital Lease Payments Due in Year 4 1.74 1.47 0.25 0.63
Capital Lease Payments Due in Year 5 1.67 1.47 0.25 0.63
Capital Lease Payments Due in 2-3 Years 8.29 9.91 12.05 9.67
Capital Lease Payments Due in 4-5 Years 3.40 2.95 0.49 1.26
Capital Lease Payments Due in Year 6 & Beyond 6.60 5.39 0.00 0.00
Total Operating Leases 26.41 40.35 53.43 54.10
Operating Lease Payments Due in Year 1 7.86 11.66 15.15 11.30
Operating Lease Payments Due in Year 2 5.72 8.64 12.03 10.00
Operating Lease Payments Due in Year 3 5.04 5.68 9.14 8.84
Operating Lease Payments Due in Year 4 3.37 3.82 5.38 7.07
Operating Lease Payments Due in Year 5 2.29 2.28 3.09 4.29
Operating Lease Payments Due in 2-3 Years 10.75 14.32 21.17 18.84
Operating Lease Payments Due in 4-5 Years 5.66 6.10 8.47 11.36
Standardized Operating Lease Payments Due in Year 6 and Beyond 2.14 8.27 8.64 12.61
Pension Obligation - Domestic 759.82 712.17 777.99 350.39
Post-Retirement Obligation 107.13 109.90 116.97 46.32
Plan Assets - Domestic 556.97 499.79 552.24 263.73
Plan Assets - Post-Retirement 3.16 2.79 2.48 2.29
Funded Status - Domestic -202.85 -212.38 -225.75 -86.66
Funded Status - Post-Retirement -103.97 -107.11 -114.49 -44.03
Accumulated Obligation - Post-Retirement 0.00 0.00 0.00 0.00
Total Funded Status -306.82 -319.49 -340.23 -130.69
Discount Rate - Domestic 4.36 3.75 3.75 4.27
Discount Rate - Post-Retirement 3.34 4.35 3.67 4.12
Expected Rate of Return - Domestic 6.97 7.03 7.23 7.75
Compensation Rate - Domestic 2.50 2.50 2.39 1.75
Accrued Liabilities - Domestic -202.85 -212.38 -225.75 -86.66
Accrued Liabilities - Post-Retirement -103.97 -107.11 -114.49 -44.03
Net Assets Recognized on Balance Sheet -306.82 -319.49 -340.23 -130.69
Equity % - Domestic 39.58 57.91 61.80 60.11
Equity % - Post-Retirement 0.00 59.08 67.31 67.02
Debt Securities % - Domestic 43.78 37.05 34.35 37.95
Debt Securities % - Post-Retirement 0.00 0.00 0.00 42.34
Real Estate % - Domestic 14.98 0.00 0.00 0.00
Real Estate % - Post-Retirement 14.98 0.00 0.00 0.00
Other Investments % - Domestic 1.66 5.05 3.85 1.94
Other Investments % - Post-Retirement 1.68 2.33 2.42 3.37
Total Plan Obligations 866.95 822.08 894.96 396.71
Total Plan Assets 560.13 502.58 554.72 266.02

In millions of USD (except for per share items)

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