Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS

v2.4.0.6
DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
NOTE 7 - DISCONTINUED OPERATIONS
The tables below set forth selected financial information related to assets and liabilities held for sale and operating results of our business classified as discontinued operations. Assets and liabilities held for sale represent the assets that are expected to be sold and liabilities expected to be assumed. While the reclassification of revenues and expenses related to discontinued operations for prior periods have no impact upon previously reported net income, the Statements of Unaudited Condensed Consolidated Operations present the revenues and expenses that were reclassified from the specified line items to discontinued operations.
The following table presents Statements of Unaudited Condensed Consolidated Financial Position data of the Sonoma operations:
 
(In Millions)
 
September 30, 2012
 
December 31, 2011
ASSETS HELD FOR SALE
 
 
 
Cash and cash equivalents
$
3.2

 
$
2.3

Accounts receivable
10.1

 
16.3

Inventories
20.3

 
18.8

Other current assets
8.1

 
2.0

Property, plant and equipment, net
114.9

 
120.5

Assets held for sale
$
156.6

 
$
159.9

 
 
 
 
LIABILITIES HELD FOR SALE
 
 
 
Accounts payable
$
19.4

 
$
15.6

Accrued expenses
1.1

 
1.5

Environmental and mine closure obligations
9.2

 
8.8

Liabilities held for sale
$
29.7

 
$
25.9


The following table presents detail of our operations related to our Sonoma operations in the Statements of Unaudited Condensed Consolidated Operations:
 
(In Millions)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
REVENUES FROM PRODUCT SALES AND SERVICES
 
 
 
 
 
 
 
Product
$
42.6

 
$
53.7

 
$
141.6

 
$
171.6

 
 
 
 
 
 
 
 
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax
$
(2.7
)
 
$
0.7

 
$
5.2

 
$
22.4