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Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2022
May 31, 2021
Current Assets    
Cash and cash equivalents $ 193,191 $ 246,704
Trade accounts receivable (less allowances of $49,794 and $55,922, respectively) 1,085,396 1,280,806
Inventories 1,191,791 938,095
Prepaid expenses and other current assets 339,977 316,399
Total current assets 2,810,355 2,782,004
Property, Plant and Equipment, at Cost 2,080,631 1,967,482
Allowance for depreciation (1,031,613) (1,002,300)
Property, plant and equipment, net 1,049,018 965,182
Other Assets    
Goodwill 1,343,962 1,345,754
Other intangible assets, net of amortization 601,641 628,693
Operating lease right-of-use assets 312,157 300,827
Deferred income taxes 23,122 26,804
Other 190,347 203,705
Total other assets 2,471,229 2,505,783
Total Assets 6,330,602 6,252,969
Current Liabilities    
Accounts payable 675,529 717,176
Current portion of long-term debt 703,250 1,282
Accrued compensation and benefits 206,632 258,380
Accrued losses 25,646 29,054
Other accrued liabilities 323,846 325,522
Total current liabilities 1,934,903 1,331,414
Long-Term Liabilities    
Long-term debt, less current maturities 1,883,106 2,378,544
Operating lease liabilities 270,293 257,415
Other long-term liabilities 308,340 436,176
Deferred income taxes 97,315 106,395
Total long-term liabilities 2,559,054 3,178,530
Commitments and contingencies (Note 15)
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 144,678 and outstanding 129,496 as of February 28, 2022; issued 144,199 and outstanding 129,573 as of May 31, 2021 1,295 1,295
Paid-in capital 1,085,317 1,055,400
Treasury stock, at cost (691,418) (653,006)
Accumulated other comprehensive (loss) (552,308) (514,884)
Retained earnings 1,992,160 1,852,259
Total RPM International Inc. stockholders' equity 1,835,046 1,741,064
Noncontrolling Interest 1,599 1,961
Total equity 1,836,645 1,743,025
Total Liabilities and Stockholders' Equity $ 6,330,602 $ 6,252,969