SEC Document


Consolidated Financial Statements

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share amounts)

 

May 31,    2017        2016    

Assets

     

Current Assets

     

Cash and cash equivalents

   $ 350,497        $ 265,152    

Trade accounts receivable (less allowances of $44,138 and $24,600, respectively)

     995,330          963,092    

Inventories

     788,197          685,818    

Prepaid expenses and other current assets

     263,412          221,286    

Total current assets

     2,397,436          2,135,348    

Property, Plant and Equipment, at Cost

     1,484,579          1,344,830    

Allowance for depreciation

     (741,893)         (715,377)   

Property, plant and equipment, net

     742,686          629,453    

Other Assets

     

Goodwill

     1,143,913          1,219,630    

Other intangible assets, net of amortization

     573,092          575,401    

Deferred income taxes

     19,793          19,771    

Other

     213,529          185,366    

Total other assets

     1,950,327          2,000,168    

Total Assets

   $ 5,090,449        $ 4,764,969    

Liabilities and Stockholders’ Equity

     

Current Liabilities

     

Accounts payable

   $ 534,718        $ 500,506    

Current portion of long-term debt

     253,645          4,713    

Accrued compensation and benefits

     181,084          183,768    

Accrued losses

     31,735          35,290    

Other accrued liabilities

     234,212          277,914    

Total current liabilities

     1,235,394          1,002,191    

Long-Term Liabilities

     

Long-term debt, less current maturities

     1,836,437          1,635,260    

Other long-term liabilities

     482,491          702,979    

Deferred income taxes

     97,427          49,791    

Total long-term liabilities

     2,416,355          2,388,030    

Commitments and contingencies (Note N)

     

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 141,242 and outstanding 133,563 as of May 2017;
issued 140,195 and outstanding 132,944 as of May 2016

     1,336          1,329    

Paid-in capital

     954,491          921,956    

Treasury stock, at cost

     (218,222)         (196,274)   

Accumulated other comprehensive (loss)

     (473,986)         (502,047)   

Retained earnings

     1,172,442          1,147,371    

Total RPM International Inc. stockholders’ equity

     1,436,061          1,372,335    

Noncontrolling Interest

     2,639          2,413    

Total equity

     1,438,700          1,374,748    

Total Liabilities and Stockholders’ Equity

   $     5,090,449        $     4,764,969    

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

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RPM International Inc. and Subsidiaries     31


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