Calumet Inc DE
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
CLMT$34.91-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · September 30, 2024 · · December 31, 2023 | |||||||
| · · (As Recast) | |||||||
| · · (In millions, except share data) · | |||||||
| ASSETS | | | | | | | |
| Current assets: | | | | | | | |
| Cash and cash equivalents | | $34.6 | | $7.9 | | ||
| Accounts receivable, net: | | | | | | | |
| Trade, less allowance for credit losses of $1.3 million and $1.2 million, respectively | | 279.6 | | 252.4 | | ||
| Other | | 26.0 | | 33.8 | | ||
| | | 305.6 | | 286.2 | | ||
| Inventories | | 409.5 | | 439.4 | | ||
| Derivative assets | | | — | | | 9.6 | |
| Prepaid expenses and other current assets | | 40.1 | | 51.6 | | ||
| Total current assets | | 789.8 | | 794.7 | | ||
| Property, plant and equipment, net | | 1,453.3 | | 1,506.3 | | ||
| Other noncurrent assets, net | | 397.0 | | 450.3 | | ||
| Total assets | | $2,640.1 | | $2,751.3 | | ||
| LIABILITIES AND STOCKHOLDERS' EQUITY | | | | ||||
| Current liabilities: | | | | ||||
| Accounts payable | | $321.6 | | $322.0 | | ||
| Accrued interest payable | | 42.7 | | 48.7 | | ||
| Accrued salaries, wages and benefits | | 83.9 | | 87.1 | | ||
| Obligations under inventory financing agreements | | 44.8 | | 190.4 | | ||
| Current portion of RINs obligation | | 275.7 | | 277.3 | | ||
| Other current liabilities | | 85.4 | | 131.5 | | ||
| Current portion of long-term debt | | 400.3 | | 55.7 | | ||
| Total current liabilities | | 1,254.4 | | 1,112.7 | | ||
| Other long-term liabilities | | 153.3 | | 53.6 | | ||
| Long-term debt, less current portion | | 1,659.0 | | 1,829.7 | | ||
| Total liabilities | | $3,066.7 | | $2,996.0 | | ||
| Commitments and contingencies | | | | ||||
| Redeemable noncontrolling interest | | $245.6 | | $245.6 | | ||
| Stockholders' equity: | | | | ||||
| Common stock: par value $0.01 per share, 700,000,000 shares authorized, and 85,904,105 and 79,967,363 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. | | $0.9 | | $0.8 | | ||
| Additional paid-in capital | | | 1,489.9 | | | 1,498.6 | |
| Warrants: 2,000,000 warrants issued and outstanding as of September 30, 2024. | | | 7.8 | | | — | |
| Accumulated deficit | | (2,163.8) | | (1,982.5) | | ||
| Accumulated other comprehensive loss | | (7.0) | | (7.2) | | ||
| Total stockholders' equity | | (672.2) | | (490.3) | | ||
| Total liabilities and stockholders' equity | | $2,640.1 | | $2,751.3 | | ||
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