S2P Case Study
Condensed balance sheet
($M)
Assets
Cash and cash equivalents
Accounts receivable, net
Inventories, prepaid expenses, and other current assets
Property and equipment, net
As of Dec 31
2019
As of Dec 31
2020
As of Jun 30
2021
$11.7
$10.7
$17.4
$195.7
$195.6
$228.6
$14.4
$19.9
$18.7
$18.0
$22.2
$24.0
Goodwill
$47.2
$114.6
$114.8
Other intangible assets, net
$34.4
$48.8
$43.3
Other assets 1
$16.4
$15.0
$12.5
Total assets
$337.8
$426.9
$459.2
Liabilities, mezzanine equity and stockholders' equity
Current portion of long-term debt, net
$0.5
$1.3
$0.8
Accounts payable
$117.4
$135.7
Accrued expenses and other current liabilities
$35.8
$21.9
$165.5
$21.8
Long-term debt, net
Other liabilities 2
Total liabilities
Mezzanine equity:
Redeemable preferred stock
Redeemable common stock
Stockholders' equity:
$117.6
$134.1
$145.7
$13.3
$7.7
$6.3
$284.6
$300.6
$338.0
$0.0
$88.2
$98.7
$7.9
$5.4
$5.4
Total stockholders' equity
Total liabilities, mezzanine equity and stockholders' equity
corcentric (1) Other assets include: deferred income taxes, rebates, fees, other receivables, and other assets
(2) Other liabilities include: deferred income taxes, rebates payable, and other liabilities
$45.2
$32.6
$15.2
$337.8
$426.9
$462.6
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