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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2021
May 31, 2021
Current Assets    
Cash and cash equivalents $ 213,212 $ 246,704
Trade accounts receivable (less allowances of $52,181 and $55,922, respectively) 1,171,914 1,280,806
Inventories 997,255 938,095
Prepaid expenses and other current assets 330,315 316,399
Total current assets 2,712,696 2,782,004
Property, Plant and Equipment, at Cost 1,949,817 1,967,482
Allowance for depreciation (998,993) (1,002,300)
Property, plant and equipment, net 950,824 965,182
Other Assets    
Goodwill 1,349,137 1,345,754
Other intangible assets, net of amortization 626,244 628,693
Operating lease right-of-use assets 298,878 300,827
Deferred income taxes 26,671 26,804
Other 201,754 203,705
Total other assets 2,502,684 2,505,783
Total Assets 6,166,204 6,252,969
Current Liabilities    
Accounts payable 647,568 717,176
Current portion of long-term debt 1,649 1,282
Accrued compensation and benefits 156,031 258,380
Accrued losses 25,309 29,054
Other accrued liabilities 333,065 325,522
Total current liabilities 1,163,622 1,331,414
Long-Term Liabilities    
Long-term debt, less current maturities 2,429,623 2,378,544
Operating lease liabilities 256,661 257,415
Other long-term liabilities 417,072 436,176
Deferred income taxes 108,506 106,395
Total long-term liabilities 3,211,862 3,178,530
Commitments and contingencies (Note 13)
Stockholders' Equity    
Preferred stock, par value $0.01; authorized 50,000 shares; none issued
Common stock, par value $0.01; authorized 300,000 shares; issued 144,648 and outstanding 129,743 as of August 31, 2021; issued 144,199 and outstanding 129,573 as of May 31, 2021 1,297 1,295
Paid-in capital 1,061,161 1,055,400
Treasury stock, at cost (671,314) (653,006)
Accumulated other comprehensive (loss) (540,508) (514,884)
Retained earnings 1,937,940 1,852,259
Total RPM International Inc. stockholders' equity 1,788,576 1,741,064
Noncontrolling Interest 2,144 1,961
Total equity 1,790,720 1,743,025
Total Liabilities and Stockholders' Equity $ 6,166,204 $ 6,252,969