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Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2020
May 31, 2020
Current Assets    
Cash and cash equivalents $ 251,765 $ 233,416
Trade accounts receivable (less allowances of $55,927 and $55,847, respectively) 1,159,130 1,137,957
Inventories 783,472 810,448
Prepaid expenses and other current assets 262,668 241,608
Total current assets 2,457,035 2,423,429
Property, Plant and Equipment, at Cost 1,803,824 1,755,190
Allowance for depreciation (942,849) (905,504)
Property, plant and equipment, net 860,975 849,686
Other Assets    
Goodwill 1,278,534 1,250,066
Other intangible assets, net of amortization 583,787 584,380
Operating lease right-of-use assets 283,546 284,491
Deferred income taxes 36,577 30,894
Other 193,965 208,008
Total other assets 2,376,409 2,357,839
Total Assets 5,694,419 5,630,954
Current Liabilities    
Accounts payable 525,980 535,311
Current portion of long-term debt 45,913 80,890
Accrued compensation and benefits 133,880 185,531
Accrued losses 22,269 20,021
Other accrued liabilities 364,735 271,827
Total current liabilities 1,092,777 1,093,580
Long-Term Liabilities    
Long-term debt, less current maturities 2,297,172 2,458,290
Operating lease liabilities 242,903 244,691
Other long-term liabilities 545,707 510,175
Deferred income taxes 63,789 59,555
Total long-term liabilities 3,149,571 3,272,711
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 143,813 and outstanding 129,975 as of August 31, 2020; issued 143,261 and outstanding 129,511 as of May 31, 2020 1,300 1,295
Paid-in capital 1,024,879 1,014,428
Treasury stock, at cost (587,232) (580,117)
Accumulated other comprehensive (loss) (667,662) (717,497)
Retained earnings 1,678,309 1,544,336
Total RPM International Inc. stockholders' equity 1,449,594 1,262,445
Noncontrolling Interest 2,477 2,218
Total equity 1,452,071 1,264,663
Total Liabilities and Stockholders' Equity $ 5,694,419 $ 5,630,954