Schnitzer steel industries, inc. (SCHN)
Balance Sheet / TTM
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'11May'11Feb'11Nov'10Aug'10
Assets
Current assets:
Cash and cash equivalents

10,326

9,624

12,377

8,119

13,173

11,216

4,723

10,090

15,007

9,194

7,287

15,209

9,830

8,100

26,819

7,018

8,940

18,925

22,755

8,929

7,601

14,666

25,672

29,362

20,403

29,934

13,481

37,078

34,540

24,404

89,863

56,470

51,720

26,989

49,462

32,801

48,245

57,035

30,342

Accounts receivable, net of allowance for doubtful accounts of $1,595 and $1,569

158,767

115,012

145,617

167,988

165,307

193,439

169,418

190,195

194,338

144,578

138,998

127,457

132,790

112,665

113,952

100,001

81,159

71,099

111,492

117,311

112,202

155,597

189,359

193,592

173,876

125,975

188,270

161,808

159,055

152,860

137,313

149,720

210,083

209,475

229,975

245,785

161,015

161,044

126,156

Inventories

183,566

177,934

187,320

202,192

198,565

200,562

205,877

234,437

221,945

216,365

166,942

165,832

168,889

148,094

132,972

156,946

146,030

152,866

156,532

197,008

255,931

244,268

216,172

230,829

252,849

280,100

236,049

295,678

305,454

302,626

246,992

328,057

324,818

410,119

335,120

364,159

356,559

275,989

268,103

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,792

6,804

5,724

10,281

6,865

3,931

3,824

3,749

3,750

4,339

4,872

5,458

6,362

11,729

11,274

10,942

11,784

5,907

9,857

8,969

9,037

Refundable income taxes

5,676

5,777

5,867

3,979

5,184

3,664

4,668

3,697

1,795

692

2,366

2,189

1,442

1,452

1,254

6,682

7,123

7,334

7,263

11,824

13,005

3,871

1,756

8,852

5,680

5,073

3,521

6,998

6,072

6,269

7,671

12,884

13,581

13,035

3,541

7,306

14,732

8,059

14,610

Prepaid expenses and other current assets

28,004

31,533

115,107

35,071

36,724

37,791

63,673

38,303

26,977

24,591

22,357

23,582

18,547

23,967

24,809

19,087

17,720

20,094

21,531

20,461

18,747

21,915

24,108

26,554

21,966

21,076

22,159

29,612

35,004

23,764

28,618

30,786

31,004

30,583

24,117

12,706

14,386

11,698

12,546

Total current assets

386,339

339,880

466,288

417,349

418,953

446,672

448,359

476,722

460,062

395,420

337,950

334,269

331,498

294,278

299,806

289,734

260,972

270,318

322,365

362,337

413,210

450,598

463,932

493,120

478,598

465,907

467,230

535,513

544,997

515,381

516,819

589,646

642,480

701,143

653,999

668,664

604,794

522,794

460,794

Property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

993,255

926,984

890,112

-

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

454,362

438,656

424,282

-

Property, plant and equipment, net of accumulated depreciation of $788,430 and $766,033

454,022

456,714

456,400

437,456

428,777

422,686

415,711

393,387

386,680

386,847

390,629

382,825

384,883

385,750

392,820

387,273

393,768

419,489

427,554

432,309

440,874

507,970

523,433

526,454

537,187

554,010

564,426

569,219

566,890

564,110

564,185

544,973

552,851

552,833

555,284

538,893

488,328

465,830

460,810

Operating lease right-of-use assets

121,573

124,458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in joint ventures

9,670

10,434

10,276

10,632

10,703

11,855

11,532

11,635

11,454

11,521

11,204

13,385

13,057

13,766

13,616

12,793

12,699

15,118

15,320

15,232

15,409

15,021

14,624

14,442

14,524

14,530

14,808

16,736

16,486

16,339

17,126

17,052

17,654

17,665

17,208

16,499

15,734

16,642

13,706

Goodwill

169,118

169,292

169,237

168,946

169,439

167,693

168,065

168,194

168,384

167,203

167,835

166,273

166,534

166,432

166,847

166,895

166,276

175,377

175,676

176,804

176,732

322,956

325,903

326,024

324,831

327,215

327,264

646,906

647,471

634,451

635,491

627,427

628,079

622,382

627,805

628,976

514,682

383,416

380,332

Intangibles, net of accumulated amortization of $3,148 and $3,116

3,655

3,811

4,482

4,027

4,117

4,187

4,358

4,507

4,669

4,248

4,424

4,599

4,779

4,775

4,931

5,145

5,477

5,971

6,353

6,794

7,211

8,968

9,835

10,221

11,146

12,233

13,264

14,352

15,659

14,544

15,778

16,634

18,029

19,510

20,906

22,806

22,616

19,817

20,444

Deferred income taxes

27,743

28,297

28,850

28,528

29,548

29,476

30,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

25,127

25,706

25,213

25,684

25,715

26,635

26,459

22,825

20,448

20,674

21,713

19,874

19,699

13,893

13,409

14,603

12,981

14,417

15,031

16,823

17,170

16,663

17,483

17,581

17,483

18,224

18,520

15,047

15,927

14,379

14,174

15,431

14,694

14,768

14,967

12,950

13,636

7,643

7,332

Total assets

1,197,247

1,158,592

1,160,746

1,092,622

1,087,252

1,109,204

1,104,817

1,077,270

1,051,697

985,913

933,755

921,225

920,450

878,894

891,429

876,443

852,173

900,690

962,299

1,010,299

1,070,606

1,322,176

1,355,210

1,387,842

1,383,769

1,392,119

1,405,512

1,797,773

1,807,430

1,759,204

1,763,573

1,811,163

1,873,787

1,928,301

1,890,169

1,888,788

1,659,790

1,416,142

1,343,418

Liabilities and Equity
Current liabilities:
Short-term borrowings

1,411

1,431

1,321

1,234

1,215

1,156

1,139

1,146

793

657

721

641

676

701

8,374

648

620

599

584

637

618

471

523

601

696

613

9,174

693

669

9,169

683

668

668

14,665

643

3,280

700

527

1,189

Accounts payable

92,476

72,172

110,297

100,386

95,730

110,235

128,495

118,099

106,588

97,176

94,674

69,411

72,641

68,867

58,439

56,878

53,083

49,445

57,105

67,889

74,139

73,558

103,453

91,508

91,771

85,851

96,348

99,170

96,334

97,331

115,007

115,575

115,415

111,079

141,011

123,374

119,784

76,866

91,879

Accrued payroll and related liabilities

20,889

16,392

27,547

21,054

20,303

19,347

46,410

43,881

33,051

23,667

41,593

34,876

26,977

19,017

29,116

22,602

16,658

17,157

25,478

20,039

19,343

20,302

32,127

23,974

22,206

19,784

24,002

23,271

22,116

19,741

22,130

22,504

22,040

21,766

36,475

32,734

24,965

20,236

34,162

Environmental liabilities

5,290

5,576

6,030

5,769

9,908

10,812

6,682

6,684

6,537

7,214

2,007

1,903

1,342

2,038

1,967

1,721

882

837

924

455

191

1,127

1,062

1,152

1,096

943

754

2,243

2,253

2,261

2,185

2,966

3,060

2,971

2,983

3,425

2,545

2,560

2,588

Operating lease liabilities

18,152

18,824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

-

-

-

-

-

-

-

0

1,130

2,177

9

-

-

-

0

0

0

0

148

0

353

42

3,202

0

0

0

388

1,105

0

47

38

9,448

3,836

2,788

13,833

2,593

17,318

930

1,816

Other accrued liabilities

44,540

43,036

123,035

48,495

43,794

52,478

71,951

47,030

42,220

40,593

37,256

38,155

33,387

35,287

35,758

31,441

34,090

32,970

36,207

38,465

35,922

39,447

36,903

39,817

37,052

33,108

35,468

35,636

36,803

37,911

38,799

35,514

41,521

40,265

38,368

29,724

25,983

26,399

28,479

Total current liabilities

182,758

157,431

268,230

176,938

170,950

194,028

254,677

216,840

190,319

171,484

176,260

144,986

135,023

125,910

133,654

113,290

105,333

101,008

120,446

127,485

130,566

134,947

177,270

157,052

152,821

140,299

166,134

162,118

158,175

166,460

178,842

186,675

186,540

193,534

233,313

195,130

191,295

127,518

160,113

Deferred income taxes

23,352

22,232

25,466

20,343

16,137

14,470

11,742

9,337

4,722

19,712

19,147

18,565

17,489

16,856

16,682

17,028

16,933

15,866

19,138

21,767

20,150

25,911

22,746

24,285

24,611

22,953

22,929

86,245

85,986

86,068

85,447

87,269

88,926

84,845

85,378

84,146

62,408

61,472

58,630

Long-term debt, net of current maturities

140,521

126,875

103,775

140,895

161,866

167,394

106,237

171,545

210,031

184,225

144,403

183,802

208,801

186,944

184,144

202,070

197,219

202,947

227,572

262,746

312,902

340,355

318,842

375,797

378,217

393,426

372,663

413,401

400,720

345,797

334,629

357,065

412,891

480,943

403,287

468,611

320,112

179,143

99,240

Environmental liabilities, net of current portion

45,750

45,778

45,769

45,512

43,306

42,789

47,150

46,749

47,915

47,444

46,391

46,284

46,228

44,210

44,383

44,551

44,894

45,388

45,869

46,871

47,354

47,026

47,287

48,455

48,403

48,804

49,040

46,994

47,530

44,939

44,874

45,427

37,569

37,562

37,872

37,745

38,130

37,349

37,286

Operating lease liabilities, net of current maturities

105,680

107,801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

14,238

13,439

16,210

15,230

14,146

14,540

14,901

13,237

11,614

11,431

10,061

10,030

10,225

10,907

11,134

10,574

10,722

11,033

10,723

15,116

14,295

13,090

13,088

11,027

12,940

14,366

13,547

13,405

11,627

11,585

11,837

9,587

9,562

10,315

10,030

9,612

10,697

11,018

8,517

Total liabilities

512,299

473,556

459,450

398,918

406,405

433,221

434,707

457,708

464,601

434,296

396,262

403,667

417,766

384,827

389,997

387,513

375,101

376,242

423,748

473,985

525,267

561,329

579,233

616,616

616,992

619,848

624,313

722,163

704,038

654,849

655,629

686,023

735,488

807,199

769,880

795,244

622,642

416,500

363,786

Commitments and contingencies (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

Redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

24,760

23,602

22,248

19,865

21,176

18,936

19,053

19,647

-

-

0

Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Preferred stock – 20,000 shares $1.00 par value authorized, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

31,174

29,528

33,700

32,742

29,135

32,592

36,929

40,167

39,609

40,059

38,050

36,577

32,965

30,841

30,948

27,451

23,494

23,814

26,211

24,601

21,304

19,952

19,164

16,540

13,479

10,103

7,476

8,654

6,137

3,171

816

0

5,099

3,769

762

9,663

6,543

3,089

1,815

Retained earnings

661,418

662,707

675,363

668,933

658,424

650,695

639,684

585,128

552,977

516,842

503,770

490,760

479,432

473,630

480,100

469,120

463,257

509,620

520,066

514,416

529,158

729,971

737,571

735,365

737,346

740,649

751,879

1,046,132

1,050,575

1,049,399

1,056,024

1,080,445

1,079,528

1,070,363

1,065,109

1,028,887

996,327

965,969

948,642

Accumulated other comprehensive loss

-39,040

-38,525

-38,763

-39,423

-37,727

-38,399

-37,237

-37,269

-37,029

-36,920

-35,293

-41,322

-40,894

-41,214

-40,115

-38,528

-40,078

-39,250

-38,522

-33,737

-36,148

-20,785

-12,641

-12,882

-15,959

-10,087

-9,361

-10,974

-9,877

-3,629

-2,589

-7,526

-610

-5,208

1,540

1,911

1,276

-1,689

-2,552

Total SSI shareholders’ equity

680,651

680,853

696,964

689,028

676,607

671,914

666,078

614,975

582,663

547,184

533,586

513,057

498,545

490,260

497,721

484,799

473,423

520,930

534,535

532,066

541,100

755,921

770,784

765,653

761,496

767,264

776,558

1,070,274

1,073,289

1,075,345

1,080,583

1,099,804

1,111,307

1,096,185

1,094,712

1,067,953

1,031,629

994,844

975,326

Noncontrolling interests

4,297

4,183

4,332

4,676

4,240

4,069

4,032

4,587

4,433

4,433

3,907

4,501

4,139

3,807

3,711

4,131

3,649

3,518

4,016

4,248

4,239

4,926

5,193

5,573

5,281

5,007

4,641

5,336

5,343

5,408

5,113

5,471

5,816

5,981

6,524

5,944

5,519

4,798

4,306

Total equity

684,948

685,036

701,296

693,704

680,847

675,983

670,110

619,562

587,096

551,617

537,493

517,558

502,684

494,067

501,432

488,930

477,072

524,448

538,551

536,314

545,339

760,847

775,977

771,226

766,777

772,271

781,199

1,075,610

1,078,632

1,080,753

1,085,696

1,105,275

1,117,123

1,102,166

1,101,236

1,073,897

1,037,148

999,642

979,632

Total liabilities and equity

1,197,247

1,158,592

1,160,746

1,092,622

1,087,252

1,109,204

1,104,817

1,077,270

1,051,697

985,913

933,755

921,225

920,450

878,894

891,429

876,443

852,173

900,690

962,299

1,010,299

1,070,606

1,322,176

1,355,210

1,387,842

1,383,769

1,392,119

1,405,512

1,797,773

1,807,430

1,759,204

1,763,573

1,811,163

1,873,787

1,928,301

1,890,169

1,888,788

1,659,790

1,416,142

1,343,418

Class A Common Stock
Common stock, value

26,899

26,943

26,464

26,576

26,575

26,826

26,502

26,749

26,906

27,003

26,859

26,842

26,842

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

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-

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-

Class B Common Stock
Common stock, value

200

200

200

200

200

200

200

200

200

200

200

200

200

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-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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