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Consolidated Balance Sheet - USD ($)
$ in Thousands
May 31, 2022
May 31, 2021
Current Assets    
Cash and cash equivalents $ 201,672 $ 246,704
Trade accounts receivable (less allowances of $46,669 and $55,922, respectively) 1,432,632 1,280,806
Inventories 1,212,618 938,095
Prepaid expenses and other current assets 304,887 316,399
Total current assets 3,151,809 2,782,004
Property, Plant and Equipment, at Cost 2,132,915 1,967,482
Allowance for depreciation (1,028,932) (1,002,300)
Property, plant and equipment, net 1,103,983 965,182
Other Assets    
Goodwill 1,337,868 1,345,754
Other intangible assets, net of amortization 592,261 628,693
Operating lease right-of-use assets 307,797 300,827
Deferred income taxes 18,914 26,804
Other 195,074 203,705
Total other assets 2,451,914 2,505,783
Total Assets 6,707,706 6,252,969
Current Liabilities    
Accounts payable 800,369 717,176
Current portion of long-term debt 603,454 1,282
Accrued compensation and benefits 262,445 258,380
Accrued losses 24,508 29,054
Other accrued liabilities 325,632 325,522
Total current liabilities 2,016,408 1,331,414
Long-Term Liabilities    
Long-term debt, less current maturities 2,083,155 2,378,544
Operating lease liabilities 265,139 257,415
Other long-term liabilities 276,990 436,176
Deferred income taxes 82,186 106,395
Total long-term liabilities 2,707,470 3,178,530
Contingencies and Accrued Losses (Note Q)
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 144,685 and outstanding 129,199 as of May 2022; issued 144,199 and outstanding 129,573 as of May 2021 1,292 1,295
Paid-in capital 1,096,147 1,055,400
Treasury stock, at cost (717,019) (653,006)
Accumulated other comprehensive (loss) (537,337) (514,884)
Retained earnings 2,139,346 1,852,259
Total RPM International Inc. stockholders' equity 1,982,429 1,741,064
Noncontrolling Interest 1,399 1,961
Total equity 1,983,828 1,743,025
Total Liabilities and Stockholders' Equity $ 6,707,706 $ 6,252,969