SEC Document


CONSOLIDATED BALANCE SHEETS

IN THOUSANDS

(Unaudited)

 

     August 31, 2017     August 31, 2016     May 31, 2017  

Assets

      

Current Assets

      

Cash and cash equivalents

   $ 236,191     $ 194,470     $ 350,497  

Trade accounts receivable

     1,060,147       960,575       1,039,468  

Allowance for doubtful accounts

     (45,063     (27,940     (44,138

Net trade accounts receivable

     1,015,084       932,635       995,330  

Inventories

     851,312       728,597       788,197  

Prepaid expenses and other current assets

     260,361       239,383       263,412  
  

 

 

   

 

 

   

 

 

 

Total current assets

     2,362,948       2,095,085       2,397,436  
  

 

 

   

 

 

   

 

 

 

Property, Plant and Equipment, at Cost

     1,526,565       1,362,075       1,484,579  

Allowance for depreciation

     (770,692     (729,584     (741,893
  

 

 

   

 

 

   

 

 

 

Property, plant and equipment, net

     755,873       632,491       742,686  
  

 

 

   

 

 

   

 

 

 

Other Assets

      

Goodwill

     1,169,083       1,222,659       1,143,913  

Other intangible assets, net of amortization

     587,274       563,225       573,092  

Deferred income taxes, non-current

     22,126       20,206       19,793  

Other

     211,612       193,233       213,529  
  

 

 

   

 

 

   

 

 

 

Total other assets

     1,990,095       1,999,323       1,950,327  
  

 

 

   

 

 

   

 

 

 

Total Assets

   $ 5,108,916     $ 4,726,899     $ 5,090,449  
  

 

 

   

 

 

   

 

 

 

Liabilities and Stockholders’ Equity

      

Current Liabilities

      

Accounts payable

   $ 469,954     $ 430,475     $ 534,718  

Current portion of long-term debt

     254,061       4,201       253,645  

Accrued compensation and benefits

     115,124       106,145       181,084  

Accrued losses

     26,406       32,969       31,735  

Other accrued liabilities

     229,602       309,813       234,212  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     1,095,147       883,603       1,235,394  
  

 

 

   

 

 

   

 

 

 

Long-Term Liabilities

      

Long-term debt, less current maturities

     1,868,229       1,652,529       1,836,437  

Other long-term liabilities

     491,677       699,822       482,491  

Deferred income taxes

     91,660       53,381       97,427  
  

 

 

   

 

 

   

 

 

 

Total long-term liabilities

     2,451,566       2,405,732       2,416,355  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     3,546,713       3,289,335       3,651,749  
  

 

 

   

 

 

   

 

 

 

Commitments and contingencies

      

Stockholders’ Equity

      

Preferred stock; none issued

      

Common stock (outstanding 133,537; 133,377; 133,563)

     1,335       1,334       1,336  

Paid-in capital

     961,956       930,123       954,491  

Treasury stock, at cost

     (223,567     (213,379     (218,222

Accumulated other comprehensive (loss)

     (429,382     (506,251     (473,986

Retained earnings

     1,248,769       1,223,611       1,172,442  
  

 

 

   

 

 

   

 

 

 

Total RPM International Inc. stockholders’ equity

     1,559,111       1,435,438       1,436,061  

Noncontrolling interest

     3,092       2,126       2,639  
  

 

 

   

 

 

   

 

 

 

Total equity

     1,562,203       1,437,564       1,438,700  
  

 

 

   

 

 

   

 

 

 

Total Liabilities and Stockholders’ Equity

   $ 5,108,916     $ 4,726,899     $ 5,090,449  
  

 

 

   

 

 

   

 

 

 

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