Calumet, Inc. /DE

For the period ended Mar 31, 2025. Filed May 12, 2025.

About this filing

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.

Mar 31, 2025 · Filed May 12, 2025

CLMT$34.91-3.2%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Balance Sheets


· March 31, 2025 · · December 31, 2024
· ·
· · (In millions, except share data) ·
ASSETS
Current assets:
Cash and cash equivalents	$123.4	$38.1
Restricted cash	80.0	7.8
Accounts receivable, net:
Trade, less allowance for credit losses of $1.3 million and $1.1 million, respectively	281.4	241.7
Other	21.8	36.4
	303.2	278.1
Inventories	389.4	416.3
Prepaid expenses and other current assets	21.9	25.7
Total current assets	917.9	766.0
Property, plant and equipment, net	1,412.9	1,438.8
Other noncurrent assets, net	492.8	553.4
Total assets	$2,823.6	$2,758.2
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$306.1	$320.8
Accrued interest payable	36.4	45.4
Accrued salaries, wages and benefits	45.2	94.7
Obligations under inventory financing agreements	—	32.0
Current portion of RINs obligation	362.6	245.4
Other current liabilities	94.9	89.8
Current portion of long-term debt	23.9	35.5
Total current liabilities	869.1	863.6
Other long-term liabilities	269.0	296.2
Long-term debt, less current portion	2,302.2	2,064.7
Total liabilities	$3,440.3	$3,224.5
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 86,621,470 and 85,950,493 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.	$0.9	$0.9
Additional paid-in capital	837.0	825.4
Warrants: 2,000,000 warrants issued and outstanding as of March 31, 2025 and December 31, 2024.	7.8	7.8
Accumulated deficit	(1,701.0)	(1,539.0)
Accumulated other comprehensive loss	(7.0)	(7.0)
Total stockholders' equity	(862.3)	(711.9)
Total liabilities and stockholders' equity	$2,823.6	$2,758.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.