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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2024
May 31, 2023
May 31, 2022
Current Assets      
Cash and cash equivalents $ 237,379 $ 215,787  
Trade accounts receivable (less allowances of $48,763 and $49,482, respectively) 1,419,445 1,503,040  
Inventories 956,465 1,135,496  
Prepaid expenses and other current assets 282,059 329,845  
Total current assets 2,895,348 3,184,168  
Property, Plant and Equipment, at Cost 2,515,847 2,332,916  
Allowance for depreciation (1,184,784) (1,093,440)  
Property, plant and equipment, net 1,331,063 1,239,476  
Other Assets      
Goodwill 1,308,911 1,293,588 $ 1,337,868
Other intangible assets, net of amortization 512,972 554,991  
Operating lease right-of-use assets 331,555 329,582  
Deferred income taxes 33,522 15,470  
Other 173,172 164,729  
Total other assets 2,360,132 2,358,360  
Total Assets 6,586,543 6,782,004 6,707,706
Current Liabilities      
Accounts payable 649,650 680,938  
Current portion of long-term debt 136,213 178,588  
Accrued compensation and benefits 297,249 257,328  
Accrued losses 32,518 26,470  
Other accrued liabilities 350,434 347,477  
Total current liabilities 1,466,064 1,490,801  
Long-Term Liabilities      
Long-term debt, less current maturities 1,990,935 2,505,221  
Operating lease liabilities 281,281 285,524  
Other long-term liabilities 214,816 267,111  
Deferred income taxes 121,222 90,347  
Total long-term liabilities 2,608,254 3,148,203  
Contingencies and Accrued Losses (Note P)  
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 145,779 and outstanding 128,629 as of May 2024; issued 145,124 and outstanding 128,766 as of May 2023 1,286 1,288  
Paid-in capital 1,150,751 1,124,825  
Treasury stock, at cost (864,502) (784,463)  
Accumulated other comprehensive (loss) (537,290) (604,935)  
Retained earnings 2,760,639 2,404,125  
Total RPM International Inc. stockholders' equity 2,510,884 2,140,840  
Noncontrolling Interest 1,341 2,160  
Total equity 2,512,225 2,143,000 $ 1,983,828
Total Liabilities and Stockholders' Equity $ 6,586,543 $ 6,782,004