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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2024
May 31, 2024
Current Assets    
Cash and cash equivalents $ 231,555 $ 237,379
Trade accounts receivable (less allowances of $49,106 and $48,763, respectively) 1,344,177 1,419,445
Inventories 1,003,459 956,465
Prepaid expenses and other current assets 319,107 282,059
Total current assets 2,898,298 2,895,348
Property, Plant and Equipment, at Cost 2,568,792 2,515,847
Allowance for depreciation (1,219,084) (1,184,784)
Property, plant and equipment, net 1,349,708 1,331,063
Other Assets    
Goodwill 1,315,790 1,308,911
Other intangible assets, net of amortization 504,562 512,972
Operating lease right-of-use assets 365,972 331,555
Deferred income taxes 36,563 33,522
Other 178,982 173,172
Total other assets 2,401,869 2,360,132
Total Assets 6,649,875 6,586,543
Current Liabilities    
Accounts payable 693,519 649,650
Current portion of long-term debt 6,779 136,213
Accrued compensation and benefits 180,785 297,249
Accrued losses 32,440 32,518
Other accrued liabilities 369,060 350,434
Total current liabilities 1,282,583 1,466,064
Long-Term Liabilities    
Long-term debt, less current maturities 2,045,387 1,990,935
Operating lease liabilities 316,064 281,281
Other long-term liabilities 234,368 214,816
Deferred income taxes 119,946 121,222
Total long-term liabilities 2,715,765 2,608,254
Contingencies and Accrued Losses (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 146,197 and outstanding 128,702 as of August 31, 2024; issued 145,779 and outstanding 128,629 as of May 31, 2024 1,287 1,286
Paid-in capital 1,156,977 1,150,751
Treasury stock, at cost (897,686) (864,502)
Accumulated other comprehensive (loss) (540,590) (537,290)
Retained earnings 2,929,439 2,760,639
Total RPM International Inc. stockholders' equity 2,649,427 2,510,884
Noncontrolling Interest 2,100 1,341
Total equity 2,651,527 2,512,225
Total Liabilities and Stockholders' Equity $ 6,649,875 $ 6,586,543