SEC Document


CONSOLIDATED BALANCE SHEETS    

IN THOUSANDS    

(Unaudited)    

 

     November 30,
2017
    November 30,
2016
    May 31,
2017
 

Assets

      

Current Assets

      

Cash and cash equivalents

   $ 267,857     $ 205,907     $ 350,497  

Trade accounts receivable

     1,023,748       881,723       1,039,468  

Allowance for doubtful accounts

     (43,508     (40,909     (44,138
  

 

 

   

 

 

   

 

 

 

Net trade accounts receivable

     980,240       840,814       995,330  

Inventories

     864,019       762,167       788,197  

Prepaid expenses and other current assets

     282,940       232,217       263,412  
  

 

 

   

 

 

   

 

 

 

Total current assets

     2,395,056       2,041,105       2,397,436  
  

 

 

   

 

 

   

 

 

 

Property, Plant and Equipment, at Cost

     1,547,126       1,353,282       1,484,579  

Allowance for depreciation

     (786,701     (714,353     (741,893
  

 

 

   

 

 

   

 

 

 

Property, plant and equipment, net

     760,425       638,929       742,686  
  

 

 

   

 

 

   

 

 

 

Other Assets

      

Goodwill

     1,167,963       1,085,763       1,143,913  

Other intangible assets, net of amortization

     579,929       521,198       573,092  

Deferred income taxes, non-current

     20,621       59,619       19,793  

Other

     220,677       200,847       213,529  
  

 

 

   

 

 

   

 

 

 

Total other assets

     1,989,190       1,867,427       1,950,327  
  

 

 

   

 

 

   

 

 

 

Total Assets

   $ 5,144,671     $ 4,547,461     $ 5,090,449  
  

 

 

   

 

 

   

 

 

 

Liabilities and Stockholders’ Equity

      

Current Liabilities

      

Accounts payable

   $ 447,071     $ 429,941     $ 534,718  

Current portion of long-term debt

     253,688       3,880       253,645  

Accrued compensation and benefits

     138,375       126,097       181,084  

Accrued losses

     23,566       33,846       31,735  

Other accrued liabilities

     212,293       292,849       234,212  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     1,074,993       886,613       1,235,394  
  

 

 

   

 

 

   

 

 

 

Long-Term Liabilities

      

Long-term debt, less current maturities

     1,883,272       1,634,967       1,836,437  

Other long-term liabilities

     506,606       701,091       482,491  

Deferred income taxes

     70,279       41,456       97,427  
  

 

 

   

 

 

   

 

 

 

Total long-term liabilities

     2,460,157       2,377,514       2,416,355  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     3,535,150       3,264,127       3,651,749  
  

 

 

   

 

 

   

 

 

 

Commitments and contingencies

      

Stockholders’ Equity

      

Preferred stock; none issued

      

Common stock (outstanding 133,666; 133,576; 133,563)

     1,337       1,336       1,336  

Paid-in capital

     968,919       938,963       954,491  

Treasury stock, at cost

     (230,347     (215,936     (218,222

Accumulated other comprehensive (loss)

     (434,598     (555,541     (473,986

Retained earnings

     1,301,442       1,112,610       1,172,442  
  

 

 

   

 

 

   

 

 

 

Total RPM International Inc. stockholders’ equity

     1,606,753       1,281,432       1,436,061  

Noncontrolling interest

     2,768       1,902       2,639  
  

 

 

   

 

 

   

 

 

 

Total equity

     1,609,521       1,283,334       1,438,700  
  

 

 

   

 

 

   

 

 

 

Total Liabilities and Stockholders’ Equity

   $ 5,144,671     $ 4,547,461     $ 5,090,449  
  

 

 

   

 

 

   

 

 

 

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