SEC Document

 

Item 6.  Selected Financial Data.

The following table sets forth our selected consolidated financial data for each of the five years during the period ended May 31, 2017.

 

 

 

Fiscal Years Ended May 31,

 

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

(Amounts in thousands, except per share and

   percentage data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,958,175

 

 

$

4,813,649

 

 

$

4,594,550

 

 

$

4,376,353

 

 

$

4,078,655

 

Income before income taxes

 

 

244,333

 

 

 

483,466

 

 

 

453,253

 

 

 

424,487

 

 

 

176,891

 

Net income

 

 

184,671

 

 

 

357,458

 

 

 

228,328

 

 

 

305,984

 

 

 

109,851

 

Return on sales %

 

 

3.7

%

 

 

7.4

%

 

 

5.0

%

 

 

7.0

%

 

 

2.7

%

Basic earnings per share attributable to RPM International Inc.

   Stockholders

 

$

1.37

 

 

$

2.70

 

 

$

1.81

 

 

$

2.20

 

 

$

0.75

 

Diluted earnings per share attributable to RPM International Inc.

   Stockholders

 

 

1.36

 

 

 

2.63

 

 

 

1.78

 

 

 

2.18

 

 

 

0.74

 

Total RPM International Inc. stockholders’ equity

 

 

1,436,061

 

 

 

1,373,833

 

 

 

1,291,392

 

 

 

1,382,844

 

 

 

1,200,858

 

Total RPM International Inc. stockholders' equity per share

 

 

10.99

 

 

 

10.62

 

 

 

9.94

 

 

 

10.68

 

 

 

9.31

 

Return on total RPM International Inc. stockholders’ equity %

 

 

13.2

%

 

 

26.8

%

 

 

17.1

%

 

 

23.7

%

 

 

9.2

%

Average shares outstanding

 

 

130,662

 

 

 

129,383

 

 

 

129,933

 

 

 

129,438

 

 

 

128,956

 

Cash dividends paid

 

$

156,752

 

 

$

144,350

 

 

$

136,179

 

 

$

125,743

 

 

$

117,647

 

Cash dividends declared per share

 

 

1.175

 

 

 

1.085

 

 

 

1.020

 

 

 

0.945

 

 

 

0.890

 

Retained earnings

 

 

1,172,442

 

 

 

1,147,371

 

 

 

936,996

 

 

 

833,691

 

 

 

667,774

 

Working capital

 

 

1,162,042

 

 

 

1,133,157

 

 

 

1,193,612

 

 

 

1,122,386

 

 

 

955,856

 

Total assets

 

 

5,090,449

 

 

 

4,764,969

 

 

 

4,680,062

 

 

 

4,365,657

 

 

 

4,110,019

 

Long-term debt

 

 

1,836,437

 

 

 

1,635,260

 

 

 

1,639,859

 

 

 

1,333,257

 

 

 

1,358,349

 

Depreciation and amortization

 

 

116,773

 

 

 

111,039

 

 

 

99,176

 

 

 

90,069

 

 

 

86,336

 

Cash from operating activities

 

 

386,127

 

 

 

474,706

 

 

 

330,448

 

 

 

278,149

 

 

 

368,454

 

Cash (used for) investing activities

 

 

(339,665

)

 

 

(165,866

)

 

 

(559,453

)

 

 

(149,711

)

 

 

(477,404

)

Cash (used for) from financing activities

 

 

35,971

 

 

 

(206,105

)

 

 

110,193

 

 

 

(137,243

)

 

 

138,150

 

 

Note:

Acquisitions made by us during each of the periods presented and the reconsolidation of SPHC, which occurred on January 1, 2015, may impact comparability from year to year. (See Note A, "Summary of Significant Accounting Policies," to the Consolidated Financial Statements).

 

 

Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The information required by this item is set forth at pages 18 through 30 of the 2017 Annual Report to Stockholders, which information is incorporated herein by reference.

 

 

Item 7A.  Quantitative and Qualitative Disclosures About Market Risk.

The information required by this item is set forth at page 30 of the 2017 Annual Report to Stockholders, which information is incorporated herein by reference.

 

 

Item 8.  Financial Statements and Supplementary Data.

The information required by this item is set forth at pages 31 through 63 and 66 of the 2017 Annual Report to Stockholders, which information is incorporated herein by reference.

 

 

Item 9.  Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

None.

 

 

19

 



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