Financial Statements
Financial Statements
| Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | |
|---|---|---|---|---|
| Cash & Equivalents | 13.49 | 29.93 | 13.47 | 5.30 |
| Cash and Short Term Investments | 13.49 | 29.93 | 13.47 | 5.30 |
| Accounts Receivable - Trade, Gross | 92.30 | 232.39 | 492.13 | 897.53 |
| Provision for Doubtful Accounts | -21.75 | -56.21 | -80.79 | -11.64 |
| Accounts Receivable - Trade, Net | 70.55 | 176.18 | 411.34 | 885.89 |
| Receivables - Other | 0.65 | 2.27 | 5.02 | 11.65 |
| Total Receivables, Net | 71.20 | 178.45 | 416.36 | 897.54 |
| Buildings - Gross | 1.57 | 1.51 | 1.51 | 1.51 |
| Machinery/Equipment - Gross | 6.35 | 5.22 | 4.67 | 6.80 |
| Other Property/Plant/Equipment - Gross | 30.33 | 27.76 | 25.38 | 25.38 |
| Property/Plant/Equipment, Total - Gross | 38.25 | 34.48 | 31.56 | 33.69 |
| Accumulated Depreciation, Total | -30.81 | -25.15 | -19.79 | -15.05 |
| Property/Plant/Equipment, Total - Net | 7.44 | 9.32 | 11.77 | 18.65 |
| Note Receivable - Long Term | 2,476.62 | 1,749.10 | 1,523.73 | 1,444.04 |
| Deferred Charges | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Income Tax - Long Term Asset | 10.18 | 19.58 | 28.51 | 15.48 |
| Restricted Cash - Long Term | 149.30 | 146.62 | 130.69 | 135.54 |
| Other Long Term Assets, Total | 159.48 | 166.20 | 159.20 | 151.02 |
| Other Assets | 24.54 | 26.58 | 21.37 | 22.72 |
| Other Assets, Total | 24.54 | 26.58 | 21.37 | 22.72 |
| Total Assets | 2,752.77 | 2,159.58 | 2,145.90 | 2,539.25 |
| Payable/Accrued | 49.01 | 33.47 | 28.77 | 27.83 |
| Accrued Expenses | 6.23 | 9.06 | 12.10 | 18.53 |
| Notes Payable/Short Term Debt | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Debt | 2,468.96 | 1,945.72 | 1,969.42 | 2,289.53 |
| Capital Lease Obligations | 0.18 | 1.12 | 2.24 | 0.72 |
| Total Long Term Debt | 2,469.14 | 1,946.85 | 1,971.66 | 2,290.25 |
| Total Debt | 2,469.14 | 1,946.85 | 1,971.66 | 2,290.25 |
| Total Liabilities | 2,524.38 | 1,989.37 | 2,012.53 | 2,336.61 |
| Convertible Preferred Stock – Non-Redeemable | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Non Redeemable, Net | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Stock | 28.91 | 55.30 | 72.93 | 71.26 |
| Common Stock, Total | 28.91 | 55.30 | 72.93 | 71.26 |
| Retained Earnings (Accumulated Deficit) | 202.51 | 116.53 | 69.01 | 139.81 |
| Other Comprehensive Income | -3.03 | -1.62 | -8.57 | -8.42 |
| Other Equity, Total | -3.03 | -1.62 | -8.57 | -8.42 |
| Total Equity | 228.39 | 170.21 | 133.36 | 202.64 |
| Total Liabilities & Shareholders' Equity | 2,752.77 | 2,159.58 | 2,145.90 | 2,539.25 |
| Shares Outstanding – Common Stock Primary Issue | 20.13 | 21.14 | 22.74 | 22.53 |
| Total Common Shares Outstanding | 20.13 | 21.14 | 22.74 | 22.53 |
| Treasury Shares – Common Primary Issue | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 792.00 | 739.00 | 787.00 | 1,010.00 |
| Number of Common Shareholders | 28.00 | 27.00 | 27.00 | 28.00 |
| Net Debt | 2,455.65 | 1,916.92 | 1,958.20 | 2,284.95 |
| Tangible Book Value | 228.39 | 170.21 | 133.36 | 202.64 |
| Tangible Book Value per Share | 11.34 | 8.05 | 5.87 | 8.99 |
| Total Long Term Debt, Supplemental | 25.26 | 26.46 | 21.32 | 17.53 |
| Long Term Debt Maturing within 1 Year | 13.80 | 12.00 | 9.51 | 6.01 |
| Long Term Debt Maturing in Year 2 | 2.80 | 5.24 | 3.35 | 3.45 |
| Long Term Debt Maturing in Year 3 | 3.15 | 1.98 | 3.33 | 3.45 |
| Long Term Debt Maturing in Year 4 | 3.26 | 2.44 | 1.16 | 1.47 |
| Long Term Debt Maturing in Year 5 | 0.84 | 3.24 | 2.32 | 1.47 |
| Long Term Debt Maturing in 2-3 Years | 5.94 | 7.22 | 6.68 | 6.91 |
| Long Term Debt Maturing in 4-5 Years | 4.10 | 5.67 | 3.48 | 2.95 |
| Long Term Debt Maturing in Year 6 & Beyond | 1.42 | 1.57 | 1.65 | 1.68 |
| Interest Costs | -0.01 | -0.05 | -0.16 | -0.06 |
| Total Capital Leases | 0.18 | 1.12 | 2.24 | 0.72 |
| Capital Lease Payments Due in Year 1 | 0.15 | 1.05 | 1.23 | 0.31 |
| Capital Lease Payments Due in Year 2 | 0.03 | 0.08 | 1.05 | 0.31 |
| Capital Lease Payments Due in Year 3 | 0.01 | 0.03 | 0.08 | 0.13 |
| Capital Lease Payments Due in Year 4 | 0.00 | 0.01 | 0.03 | 0.03 |
| Capital Lease Payments Due in Year 5 | 0.00 | 0.00 | 0.01 | 0.01 |
| Capital Lease Payments Due in 2-3 Years | 0.04 | 0.11 | 1.13 | 0.43 |
| Capital Lease Payments Due in 4-5 Years | 0.00 | 0.01 | 0.04 | 0.04 |
| Capital Lease Payments Due in Year 6 & Beyond | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Operating Leases | 6.23 | 9.06 | 12.10 | 18.53 |
| Operating Lease Payments Due in Year 1 | 4.38 | 6.43 | 7.46 | 7.76 |
| Operating Lease Payments Due in Year 2 | 1.54 | 1.89 | 6.07 | 7.45 |
| Operating Lease Payments Due in Year 3 | 0.79 | 0.92 | 1.40 | 6.06 |
| Operating Lease Payments Due in Year 4 | 0.50 | 0.80 | 0.42 | 1.39 |
| Operating Lease Payments Due in Year 5 | 0.51 | 0.50 | 0.28 | 0.41 |
| Operating Lease Payments Due in 2-3 Years | 2.34 | 2.81 | 7.46 | 13.51 |
| Operating Lease Payments Due in 4-5 Years | 1.01 | 1.30 | 0.70 | 1.80 |
| Standardized Operating Lease Payments Due in Year 6 and Beyond | -1.49 | -1.48 | -3.53 | -4.54 |
| Pension Obligation - Domestic | 15.95 | 22.28 | 24.68 | 23.00 |
| Plan Assets - Domestic | 18.77 | 26.10 | 18.17 | 15.91 |
| Funded Status - Domestic | 2.82 | 3.82 | -6.51 | -7.09 |
| Total Funded Status | 2.82 | 3.82 | -6.51 | -7.09 |
| Discount Rate - Domestic | 4.87 | 2.65 | 2.28 | 3.07 |
| Accrued Liabilities - Domestic | 0.00 | 0.00 | -6.51 | 0.00 |
| Other Assets, Net - Domestic | 2.82 | 3.82 | 0.00 | -7.09 |
| Net Assets Recognized on Balance Sheet | 2.82 | 3.82 | -6.51 | -7.09 |
| Equity % - Domestic | 87.00 | 78.00 | 82.00 | 82.00 |
| Debt Securities % - Domestic | 13.00 | 22.00 | 18.00 | 18.00 |
| Other Investments % - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Plan Obligations | 15.95 | 22.28 | 24.68 | 23.00 |
| Total Plan Assets | 18.77 | 26.10 | 18.17 | 15.91 |
In millions of USD (except for per share items)