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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2021
Aug. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,240,729 $ 1,393,557
Accounts receivable, net of allowance for doubtful accounts of $26,939 as of May 31, 2021 and $25,827 as of August 31, 2020 3,227,627 2,847,743
Contract assets 1,070,606 1,104,700
Inventories, net 3,979,329 3,131,783
Prepaid expenses and other current assets 741,223 657,102
Total current assets 10,259,514 9,134,885
Property, plant and equipment, net of accumulated depreciation of $4,922,191 as of May 31, 2021 and $4,525,758 as of August 31, 2020 3,812,159 3,665,312
Operating lease right-of-use asset 360,938 362,847
Goodwill 719,473 696,853
Intangible assets, net of accumulated amortization of $430,994 as of May 31, 2021 and $395,074 as of August 31, 2020 194,780 209,870
Deferred income taxes 165,612 165,407
Other assets 228,232 162,242
Total assets 15,740,708 14,397,416
Current liabilities:    
Current installments of notes payable and long-term debt 50,168 50,194
Accounts payable 6,193,198 5,687,038
Accrued expenses 3,490,480 3,211,528
Current operating lease liabilities 113,150 110,723
Total current liabilities 9,846,996 9,059,483
Notes payable and long-term debt, less current installments 2,876,599 2,678,288
Other liabilities 302,602 268,925
Non-current operating lease liabilities 303,703 302,035
Income tax liabilities 169,593 148,629
Deferred income taxes 102,255 114,657
Total liabilities 13,601,748 12,572,017
Commitments and contingencies
Jabil Inc. stockholders’ equity:    
Preferred stock, $0.001 par value, authorized 10,000,000 shares; no shares issued and no shares outstanding 0 0
Common stock, $0.001 par value, authorized 500,000,000 shares; 266,865,062 and 263,830,270 shares issued and 146,837,466 and 150,330,358 shares outstanding as of May 31, 2021 and August 31, 2020, respectively 267 264
Additional paid-in capital 2,490,892 2,413,616
Retained earnings 2,525,323 2,040,922
Accumulated other comprehensive loss 14,722 (34,168)
Treasury stock at cost, 120,027,596 and 113,499,912 shares as of May 31, 2021 and August 31, 2020, respectively (2,893,193) (2,609,250)
Total Jabil Inc. stockholders’ equity 2,138,011 1,811,384
Noncontrolling interests 949 14,015
Total equity 2,138,960 1,825,399
Total liabilities and equity $ 15,740,708 $ 14,397,416