Company: NGVT
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001653477-25-000091
Chunk: 12

Company: Ingevity Corp
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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37.9 $(64.9)

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

4

INGEVITY CORPORATION

Condensed Consolidated Balance Sheets In millions, except share and par value dataMarch 31, 2025December 31, 2024Assets(Unaudited)Cash and cash equivalents$71.5 $68.0 Accounts receivable, net of allowance of $0.9 - 2025 and $0.6 - 2024163.7 141.0 Inventories, net245.4 226.8 Prepaid and other current assets49.4 57.4 Current assets530.0 493.2 Property, plant, and equipment, net655.8 658.9 Operating lease assets, net45.9 50.4 Goodwill180.7 175.2 Other intangibles, net276.8 278.8 Deferred income taxes119.7 117.9 Restricted investment, net of allowance of $0.1 - 2025 and $0.2 - 202482.4 81.6 Strategic investments87.2 87.3 Other assets77.6 79.3 Total Assets$2,056.1 $2,022.6 LiabilitiesAccounts payable$108.3 $94.5 Accrued expenses57.2 58.1 Accrued payroll and employee benefits18.7 27.7 Current operating lease liabilities15.8 16.9 Notes payable and current maturities of long-term debt60.4 61.3 Income taxes payable4.2 5.6 Current liabilities264.6 264.1 Long-term debt including finance lease obligations1,332.6 1,339.7 Noncurrent operating lease liabilities33.3 36.8 Deferred income taxes59.0 56.2 Other liabilities132.0 130.6 Total Liabilities1,821.5 1,827.4 Commitments and contingencies (Note 13)EquityPreferred stock (par value $0.01 per share; 50,000,000 shares authorized; zero issued and outstanding at 2025 and 2024, respectively)— — Common stock (par value $0.01 per share; 300,000,000 shares authorized;