Company: NGVT
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001653477-25-000127
Chunk: 12

Company: Ingevity Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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9 $(73.2)$(43.5)$(423.7)

The accompanying notes are an integral part of these financial statements.

4

INGEVITY CORPORATION

Condensed Consolidated Balance Sheets (Unaudited)In millions, except share and par value dataSeptember 30, 2025December 31, 2024AssetsCash and cash equivalents$83.4 $68.0 Accounts receivable, net of allowance of $1.3 - 2025 and $0.6 - 2024168.1 131.7 Inventories, net193.7 180.8 Prepaid and other current assets45.8 51.1 Current assets of discontinued operations31.2 61.6 Current assets522.2 493.2 Property, plant, and equipment, net629.7 644.1 Operating lease assets, net26.6 36.9 Goodwill4.3 175.2 Other intangibles, net267.6 278.8 Deferred income taxes93.2 117.9 Restricted investment, net of allowance of $0.2 - 2025 and $0.2 - 202483.7 81.6 Strategic investments105.2 87.3 Other assets77.0 79.3 Noncurrent assets of discontinued operations24.3 28.3 Total Assets$1,833.8 $2,022.6 LiabilitiesAccounts payable$100.9 $94.5 Accrued expenses159.1 58.1 Accrued payroll and employee benefits28.6 27.3 Current operating lease liabilities10.1 12.3 Notes payable and current maturities of long-term debt102.0 61.3 Income taxes payable6.3 5.6 Current liabilities of discontinued operations4.6 5.0 Current liabilities411.6 264.1 Long-term debt including finance lease obligations1,158.5 1,339.7 Noncurrent operating lease liabilities20.9 27.0 Deferred income taxes56.2 56.2 Other liabilities41.7 130.6 Noncurrent liabilities of discontinued operations6.8 9.8 Total Liabilities1,695.7 1,827.4 Commitments and contingencies (Note 13)