Azz inc. (AZZ)
Balance Sheet / Yearly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11Feb'11
Assets
Current assets:
Cash and cash equivalents

36,687

14,289

13,583

13,586

24,005

17,413

9,204

13,938

20,853

10,651

3,549

6,337

11,302

13,479

15,914

12,075

40,191

17,598

20,226

45,764

22,527

43,950

41,626

25,647

27,565

50,947

41,983

41,635

55,597

49,505

68,716

139,317

143,302

160,098

149,099

138,389

Accounts receivable, net of allowance for doubtful accounts of $x,xxx and $2,267 at February 29, 2020 and February 28, 2019, respectively

139,214

174,647

154,460

159,234

144,887

159,395

152,468

169,239

141,488

148,260

138,544

152,545

138,470

167,039

137,017

154,789

131,416

131,866

133,091

130,040

125,638

130,699

113,353

131,226

116,128

129,340

131,855

128,752

97,857

94,398

91,966

80,053

74,647

65,454

64,521

61,945

Inventories, net

99,841

-

-

-

124,847

-

-

-

110,761

-

-

-

-

-

-

-

77,131

-

-

-

107,697

-

-

-

107,581

-

-

-

82,330

-

-

-

60,281

-

-

59,552

Raw material

-

97,651

98,135

101,434

-

100,594

103,959

102,105

-

93,883

89,138

84,967

80,169

77,126

72,055

70,123

-

71,155

71,863

66,626

-

63,813

65,567

65,925

-

63,492

59,994

60,498

-

45,269

42,547

41,693

-

43,270

44,223

-

Work-in-process

-

18,053

8,418

12,638

-

1,694

354

2,159

-

5,834

12,574

8,956

6,832

48,196

41,773

33,430

-

43,283

35,160

42,770

-

44,646

46,822

45,413

-

39,594

39,270

42,897

-

35,776

33,234

19,345

-

19,024

17,718

-

Finished goods

-

3,734

3,761

4,150

-

12,688

8,565

8,010

-

11,655

6,741

7,103

7,006

496

7,497

7,442

-

5,782

6,055

4,485

-

3,814

2,760

2,912

-

2,813

2,331

3,030

-

3,096

2,654

2,287

-

2,367

2,782

-

Contract with Customer, Asset, after Allowance for Credit Loss

70,093

98,773

90,759

95,544

75,561

70,419

71,236

69,717

51,787

59,365

65,818

57,198

50,262

26,059

27,727

30,583

63,482

45,231

35,310

55,329

33,676

34,942

28,689

31,618

27,222

21,420

24,090

20,601

12,878

12,256

9,323

15,015

14,038

14,048

13,702

15,880

Deferred income tax assets

-

-

-

-

-

-

-

-

-

0

0

0

249

223

248

217

200

90

709

3,499

4,526

6,784

8,109

14,587

7,801

9,474

9,341

9,754

7,615

7,048

7,497

7,364

7,654

6,359

6,691

7,003

Prepaid expenses and other

8,727

7,474

10,925

10,359

9,245

5,171

6,657

10,202

4,265

5,495

6,824

8,380

2,762

4,666

6,182

7,974

3,105

5,280

8,209

9,421

4,570

6,579

8,951

12,597

9,884

7,345

9,815

10,261

6,152

4,780

5,783

4,888

2,811

2,397

3,371

1,248

Total current assets

354,562

414,621

380,041

396,945

378,545

367,374

352,443

375,370

329,154

335,143

323,188

325,486

297,052

337,284

308,413

316,633

315,525

320,285

310,623

357,934

298,634

335,233

315,881

329,929

296,181

324,428

318,683

317,431

262,431

252,131

261,724

309,965

302,735

313,019

302,110

284,019

Property, plant, and equipment, at cost:
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,007

-

-

-

13,304

-

-

12,096

Buildings and structures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101,109

-

-

-

91,024

-

-

78,142

Machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

133,636

-

-

-

119,656

-

-

106,311

Furniture, fixtures, software and computers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,401

-

-

-

14,562

-

-

13,735

Automotive equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,219

-

-

-

1,831

-

-

2,058

Construction in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,555

-

-

-

2,623

-

-

3,547

Gross property, plant, and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274,929

-

-

-

243,003

-

-

215,891

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,453

-

-

-

107,176

-

-

90,529

Property, plant, and equipment, net

213,104

211,691

214,098

206,305

210,227

207,090

209,404

214,341

216,855

219,173

230,314

230,127

228,610

224,092

224,001

230,165

226,333

225,428

223,573

195,830

196,583

196,157

196,170

197,416

197,639

198,103

193,265

187,766

154,476

152,005

137,967

131,585

135,826

127,090

125,999

125,361

Operating Lease, Right-of-Use Asset

43,208

48,733

45,709

46,983

45,870

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Assets, Net, Noncurrent

-

-

-

-

-

-

-

-

-

-

215

208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

356,225

361,326

353,516

360,059

323,756

323,541

324,080

323,965

321,307

317,364

310,032

306,031

306,579

305,411

306,031

306,072

292,527

287,762

287,789

279,095

279,074

281,230

282,563

279,735

278,556

281,711

281,874

281,428

171,886

166,607

153,412

120,431

121,383

112,902

113,406

113,463

Intangibles and other assets

106,732

136,197

126,753

125,387

130,172

134,374

152,097

156,508

160,893

157,577

145,833

142,888

146,113

150,888

153,289

157,738

153,816

157,477

162,062

158,301

162,623

168,718

175,171

176,458

180,877

184,932

189,992

195,569

105,410

103,719

93,679

45,264

46,828

40,653

41,729

43,680

Total Assets

1,073,831

1,172,568

1,120,117

1,135,679

1,088,570

1,032,379

1,038,024

1,070,184

1,028,209

1,029,257

1,009,582

1,004,740

978,354

1,017,675

991,734

1,010,608

988,201

990,952

984,047

991,160

936,914

981,339

969,787

983,539

953,253

989,175

983,816

982,195

694,204

674,464

646,783

607,246

606,774

593,665

583,246

566,524

Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable

61,987

71,842

65,746

60,436

53,047

45,072

43,247

59,232

54,162

45,668

43,698

47,484

49,816

55,910

50,300

56,332

46,748

64,726

51,774

52,173

49,580

58,873

49,733

52,986

38,833

40,912

42,890

43,045

28,921

30,576

27,936

25,910

24,401

24,292

25,154

21,713

Income tax payable

2,876

12,437

6,409

5,272

632

3,120

2,453

1,981

144

481

1,357

524

778

4,290

4,070

3,990

2,697

4,099

3,785

6,727

2,888

7,542

10,815

7,435

5,359

4,006

2,101

5,119

568

377

1,109

7,107

998

516

1,246

2,838

Accrued salaries and wages

38,882

31,965

23,401

17,895

30,395

22,606

18,725

18,609

19,011

14,982

14,188

14,811

23,429

21,842

18,030

16,845

30,473

26,118

21,725

17,976

17,046

15,247

10,306

11,697

17,760

14,169

10,504

9,141

11,013

8,912

6,511

5,185

7,988

6,348

5,688

7,038

Other accrued liabilities

26,868

31,845

23,437

26,379

17,631

23,532

22,768

23,959

19,622

22,730

21,590

25,375

24,042

24,456

22,145

22,757

26,137

22,426

20,100

20,334

18,287

22,587

21,762

18,604

17,155

20,444

20,284

26,669

14,811

21,856

19,570

14,907

12,749

17,675

16,597

14,444

Customer advance payment

255

716

696

514

481

741

1,311

1,281

1,816

3,449

1,606

1,711

1,459

19,351

20,862

18,169

0

22,656

23,956

29,718

28,401

32,545

34,929

33,048

33,733

37,902

38,086

43,115

39,168

32,245

23,850

10,286

11,267

11,284

9,934

7,308

Contract with Customer, Liability

18,418

26,900

23,700

22,319

56,928

32,744

23,763

21,838

22,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Profit sharing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10

6,550

6,400

5,167

2,812

8,933

7,310

6,299

3,947

1,953

8,360

-

-

-

5,300

-

-

4,713

Operating Lease, Liability, Current

6,327

6,701

5,901

5,951

5,657

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-

-

34,570

21,687

22,539

20,617

11,718

12,531

12,832

20,302

13,362

8,724

5,891

4,674

3,273

3,252

3,514

3,018

2,906

3,153

2,400

1,769

1,237

885

988

987

472

1,276

127

Long-term debt due within one year

125,000

-

-

-

0

0

0

0

14,286

14,286

14,286

14,286

16,629

18,973

21,317

23,661

23,192

22,723

22,724

22,270

21,866

22,762

22,678

21,785

20,848

19,910

18,035

18,035

14,285

14,285

14,285

14,285

14,285

14,285

14,285

-

Total Current Liabilities

280,613

182,373

149,248

138,766

164,771

127,815

112,267

126,900

131,739

136,166

118,412

126,730

136,770

156,540

149,255

154,586

149,549

176,110

152,798

161,639

149,142

167,999

156,291

158,005

144,016

146,552

139,003

149,481

118,899

109,492

94,149

78,671

77,978

74,875

74,183

58,186

Long Term Accrued Liabilities Due After One Year

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,120

-

9,037

8,988

8,909

8,539

8,748

8,537

-

0

-

-

-

Long-term debt due after one year

77,878

254,845

255,812

296,779

240,745

272,712

295,679

322,146

286,609

292,566

287,522

285,478

254,800

292,181

280,058

300,932

302,429

299,134

337,478

344,821

315,982

355,857

371,732

378,607

384,768

416,642

434,455

435,392

196,428

196,428

196,428

196,428

210,714

210,714

210,714

225,000

Deferred income tax liabilities

37,926

35,298

34,126

37,236

36,623

34,410

33,394

33,558

32,962

56,021

54,559

53,823

53,648

49,650

51,566

52,200

51,853

47,138

46,162

47,443

51,738

42,000

38,797

45,864

39,435

42,446

43,042

42,082

36,403

32,426

31,864

31,812

30,472

30,170

27,542

27,320

Other Liabilities, Noncurrent

4,934

3,578

5,335

1,599

1,513

1,564

10,759

11,180

11,696

728

-

-

0

-

-

-

-

-

-

-

-

0

0

-

9,121

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Liability, Noncurrent

38,114

43,231

40,990

42,042

41,190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

439,465

519,325

485,511

516,422

484,842

436,501

452,099

493,784

463,006

485,481

460,493

466,031

445,218

498,371

480,879

507,718

503,831

522,382

536,438

553,903

516,862

-

-

-

577,340

-

-

-

360,270

-

-

-

319,165

-

-

310,506

Common Stock, Shares, Issued

26,148

-

-

-

26,115

-

-

-

25,959

-

-

-

-

-

-

-

25,873

-

-

-

25,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

0

Shareholders' Equity:
Common Stock, $1.00 par value; 100,000 shares authorized; xx,xxx and 26,115 shares issued and outstanding at February 29, 2020 and February 28, 2019, respectively

26,148

26,240

26,221

26,152

26,115

26,087

26,050

26,027

25,959

25,954

25,961

25,994

25,964

26,054

26,009

25,931

25,874

25,837

25,794

25,771

25,732

25,714

25,668

25,650

25,577

25,538

25,499

25,478

25,376

25,376

25,312

25,275

25,218

12,609

12,609

12,609

Capital in excess of par value

66,703

51,484

50,211

46,763

58,695

43,944

42,787

40,545

38,446

37,138

36,391

36,654

37,739

41,493

38,697

37,125

35,148

33,704

30,952

29,190

27,706

26,759

25,050

23,580

21,954

21,755

20,440

19,525

17,653

17,295

16,583

15,838

14,200

26,578

25,915

24,141

Retained earnings

572,414

605,746

588,172

577,068

547,670

555,096

544,136

537,318

526,018

506,943

511,530

506,166

498,527

487,875

474,053

467,929

453,908

438,554

418,882

405,505

389,446

377,020

360,912

350,735

339,400

332,738

317,868

305,073

294,092

284,412

272,599

259,889

247,059

238,561

231,686

218,889

Accumulated other comprehensive income (loss)

-30,899

-30,227

-29,998

-30,726

-28,752

-29,249

-27,048

-27,490

-25,220

-26,259

-24,793

-30,105

-29,094

-30,836

-27,904

-28,095

-30,560

-29,525

-28,019

-23,209

-22,832

-14,013

-8,665

-8,025

-11,018

-5,535

-5,482

-3,749

-3,189

283

1,306

-669

1,303

329

835

920

Treasury Stock, Common, Value

-

-

-

-

-

-

-

-

-

-

-

-

-

5,282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less Common Stock held in treasury, at cost (0 shares at February 28, 2013 and 53,090 shares at February 29, 2012)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

174

174

239

542

Total Shareholders’ Equity

634,366

653,243

634,606

619,257

603,728

595,878

585,925

576,400

565,203

543,776

549,089

538,709

533,136

519,304

510,855

502,890

484,370

468,570

447,609

437,257

420,052

415,481

402,966

391,941

375,913

374,496

358,325

346,328

333,934

327,368

315,802

300,334

287,608

277,904

270,806

256,017

Total Liabilities and Shareholders’ Equity

1,073,831

1,172,568

1,120,117

1,135,679

1,088,570

1,032,379

1,038,024

1,070,184

1,028,209

1,029,257

1,009,582

1,004,740

978,354

1,017,675

991,734

1,010,608

988,201

990,952

984,047

991,160

936,914

981,339

969,787

983,539

953,253

989,175

983,816

982,195

694,204

674,464

646,783

607,246

606,774

593,665

583,246

566,524