WORTHINGTON INDUSTRIES, INC WOR Balance Sheet

Worthington industries, inc (WOR)

Balance Sheet / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10
Assets
Current assets:
Cash and cash equivalents
103	72	45	92	113	93	96	121	147	122	195	278	227	175	181	84	25	27	18	31	42	96	146	190	52	109	121	51	37	32	30	41	35	53	36	56	49	60	64	59
Receivables, less allowances of $1,678 and $1,150 at February 29, 2020 and May 31, 2019, respectively
472	477	472	501	512	518	564	572	507	507	465	486	466	429	416	439	399	407	431	474	495	491	486	493	467	433	439	394	376	334	359	400	373	328	353	388	345	315	324	301
Inventories:
Raw materials
177	190	231	268	269	267	270	237	217	228	232	185	164	168	192	162	159	177	195	181	230	236	237	213	214	188	181	175	184	180	206	211	188	165	186	189	177	160	172	177
Work in process
91	82	85	113	110	111	120	122	123	108	102	95	98	85	104	86	82	89	104	107	135	118	138	105	123	104	103	103	102	89	93	115	112	85	100	98	104	93	107	106
Finished products
107	107	104	101	106	109	103	93	90	79	90	73	77	83	73	70	79	84	82	85	111	99	91	90	103	99	91	77	86	87	83	74	94	84	90	82	90	86	93	80
Total inventories
376	379	422	484	486	488	494	454	431	416	425	353	340	337	369	319	321	351	382	374	478	454	467	410	441	392	376	356	373	358	383	401	395	335	377	370	372	341	372	364
Income taxes receivable
11	12	8	10	17	18	6	1	9	10	2	7	15	7	2	10	11	3	2	12	8	13	3	5	9	2	2	0	15	6	1	0	4	13	2	1	9	5	1	1
Assets held for sale
14	1	14	6	7	7	7	30	3	3	9	9	13	10	10	10	11	12	23	23	24	28	31	32	2	2	3	3	3	3	11	7	19	22	29	9	-	-	3	2
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	21	21	22	24	23	23	24	23	22	23	21	20	19	20	20	24	22	22	28	23	22	22	21
Prepaid expenses and other current assets
74	67	67	69	68	62	60	60	58	51	62	55	53	47	52	51	55	48	53	54	51	46	45	43	45	41	44	38	37	38	38	41	36	32	36	36	35	32	33	31
Total current assets
1,053	1,010	1,030	1,165	1,205	1,187	1,230	1,241	1,158	1,111	1,161	1,190	1,116	1,007	1,032	915	847	871	934	992	1,125	1,154	1,204	1,198	1,043	1,004	1,010	866	863	795	846	914	888	808	858	891	836	777	822	782
Investments in unconsolidated affiliates
222	225	212	214	222	221	221	216	212	213	212	208	205	203	200	191	208	210	201	196	195	194	196	179	175	174	184	246	256	252	244	240	237	233	234	232	125	122	113	113
Operating lease assets
35	37	35	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
321	341	331	334	335	342	344	345	352	350	355	247	244	243	246	246	244	237	239	238	240	283	269	251	237	212	213	213	179	179	156	156	154	102	97	93	93	85	84	79
Other intangible assets, net of accumulated amortization of $89,763 and $87,759 at February 29, 2020 and May 31, 2019, respectively
191	190	190	196	201	205	209	214	236	239	247	82	85	88	92	96	94	92	114	119	126	150	153	145	141	128	163	147	112	114	98	100	99	43	40	19	25	24	25	23
Other assets
33	33	29	20	21	21	20	20	29	28	27	24	24	27	29	29	25	25	24	24	20	22	27	22	16	16	17	17	18	18	18	22	23	23	23	24	16	14	14	15
Property, plant and equipment:
Land
24	23	23	23	24	24	24	24	27	27	27	22	16	18	18	18	16	14	15	16	16	15	15	15	-	-	-	26	-	-	-	24	-	-	-	26	-	-	-	31
Buildings and improvements
294	301	298	310	309	308	302	300	312	311	304	297	257	257	259	256	239	224	218	218	214	218	217	213	-	-	-	205	-	-	-	187	-	-	-	182	-	-	-	242
Machinery and equipment
1,057	1,043	1,014	1,049	1,050	1,045	1,040	1,030	1,056	1,035	1,024	961	1,001	973	974	945	928	898	889	872	866	853	861	848	-	-	-	798	-	-	-	785	-	-	-	751	-	-	-	898
Construction in progress
51	58	54	49	49	45	39	32	32	34	30	27	26	34	30	48	35	52	59	40	43	43	32	32	-	-	-	22	-	-	-	12	-	-	-	7	-	-	-	13
Total property, plant and equipment
1,427	1,426	1,390	1,432	1,432	1,423	1,406	1,387	1,428	1,408	1,386	1,309	1,301	1,285	1,283	1,269	1,219	1,189	1,183	1,147	1,140	1,130	1,127	1,110	1,133	1,111	1,106	1,052	-	-	-	1,009	-	-	-	968	-	-	-	1,186
Less: accumulated depreciation
855	857	838	853	851	839	822	802	803	781	761	738	731	713	702	686	680	664	652	634	629	628	623	611	622	606	603	593	-	-	-	566	-	-	-	563	-	-	-	680
Total property, plant and equipment, net
572	568	551	578	580	584	584	584	625	627	625	570	570	571	580	582	539	524	530	513	511	501	504	498	510	505	503	459	454	460	440	443	455	398	391	405	495	487	497	506
Total assets
2,429	2,408	2,382	2,510	2,567	2,562	2,610	2,621	2,614	2,571	2,630	2,325	2,247	2,142	2,181	2,061	1,959	1,961	2,045	2,085	2,221	2,307	2,354	2,296	2,125	2,041	2,093	1,950	1,885	1,820	1,805	1,877	1,859	1,609	1,645	1,667	1,593	1,512	1,557	1,520
Liabilities and equity
Current liabilities:
Accounts payable
361	330	351	393	424	406	478	473	403	363	384	368	351	278	325	290	262	265	317	294	386	324	369	333	379	283	311	222	245	218	237	252	264	177	219	253	265	196	204	258
Short-term borrowings
-	-	-	-	-	-	-	-	0	0	0	0	0	0	1	2	30	49	22	90	123	10	10	10	35	43	62	113	30	43	51	274	285	226	209	132	80	123	165	-
Accrued compensation, contributions to employee benefit plans and related taxes
53	62	52	78	58	69	66	96	70	74	73	86	75	65	69	75	65	59	63	66	67	62	66	78	78	64	59	68	62	52	47	71	51	43	37	72	52	47	39	62
Dividends payable
14	14	14	14	14	14	14	13	13	13	14	13	13	14	14	13	13	13	12	12	12	13	12	11	11	11	11	0	0	9	9	8	8	8	8	7	7	7	7	7
Other accrued items
48	54	52	59	67	57	59	57	60	59	55	41	45	41	49	45	52	61	67	56	58	60	60	49	38	42	38	36	36	34	38	38	46	34	37	52	44	44	45	41
Current operating lease liabilities
10	11	10	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
0	0	0	1	0	1	2	4	0	2	7	4	2	3	15	2	1	2	11	2	2	4	17	4	4	5	20	6	2	1	6	11	0	0	0	7	-	-	7	9
Current maturities of long-term debt
0	0	0	150	1	1	1	1	13	13	7	6	0	0	0	0	0	0	0	0	0	101	101	101	101	1	1	1	1	1	1	1	0	-	-	-	-	-	-	-
Total current liabilities
489	473	482	698	565	550	621	646	564	526	541	520	489	404	476	430	427	451	495	524	651	578	639	589	649	451	504	448	380	362	392	658	657	489	512	525	450	419	469	379
Other liabilities
71	72	71	69	72	73	71	74	70	68	66	61	64	63	63	63	62	63	56	58	55	62	74	76	73	69	65	70	72	72	69	72	58	71	65	56	69	73	71	68
Distributions in excess of investment in unconsolidated affiliate
95	97	123	121	124	122	52	55	59	61	58	63	67	67	66	52	58	58	58	61	63	59	57	59	62	61	61	63	64	64	64	69	64	-	-	10	-	-	-	-
Long-term debt
698	698	698	598	748	748	748	748	768	766	773	571	576	576	577	577	579	579	580	579	575	573	554	554	305	405	405	406	406	406	407	257	252	250	250	250	250	250	250	250
Noncurrent operating lease liabilities
27	30	29	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
73	77	70	74	80	81	79	60	78	105	108	34	27	20	17	17	18	4	15	21	22	62	69	71	77	72	85	89	100	90	79	73	89	88	86	83	77	66	68	71
Total liabilities
1,456	1,450	1,475	1,562	1,590	1,576	1,572	1,585	1,540	1,528	1,547	1,251	1,225	1,131	1,200	1,141	1,146	1,157	1,207	1,245	1,369	1,336	1,395	1,351	1,167	1,060	1,122	1,078	1,024	998	1,013	1,130	1,121	899	913	926	847	809	858	770
Preferred shares, without par value; authorized - 1,000,000 shares; issued and outstanding - none
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0
Common shares, without par value; authorized - 150,000,000 shares; issued and outstanding, 2019 - 55,467,525 shares, 2018 - 58,876,921 shares
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0
Additional paid-in capital
-	-	-	-	-	-	-	295	-	-	-	303	-	-	-	298	-	-	-	289	-	-	-	262	-	-	-	244	-	-	-	192	-	-	-	181	-	-	-	189
Accumulated other comprehensive loss, net of taxes of $7,100 and $2,908 at May 31, 2019 and May 31, 2018, respectively
-	-	-	-	-	-	-	-14	-	-	-	-27	-	-	-	-28	-	-	-	-50	-	-	-	-3	-	-	-	-12	-	-	-	-20	-	-	-	3	-	-	-	-10
Retained earnings
-	-	-	-	-	-	-	637	-	-	-	676	-	-	-	522	-	-	-	510	-	-	-	591	-	-	-	597	-	-	-	525	-	-	-	504	-	-	-	532
Shareholders' equity - controlling interest
821	835	787	831	856	868	919	918	951	919	958	951	898	884	855	793	719	713	749	749	760	872	865	850	861	863	857	830	816	776	741	697	690	663	681	689	695	666	661	711
Noncontrolling interests
150	122	119	117	120	117	117	117	122	123	124	122	123	125	125	126	94	90	89	90	90	98	92	94	96	117	112	41	43	46	51	50	46	46	49	50	50	36	37	38
Total equity
972	958	907	948	977	986	1,037	1,036	1,073	1,042	1,082	1,073	1,022	1,010	981	919	813	803	838	840	851	971	958	944	957	981	970	872	860	822	792	747	737	710	731	740	745	702	698	750
Total liabilities and equity
2,429	2,408	2,382	2,510	2,567	2,562	2,610	2,621	2,614	2,571	2,630	2,325	2,247	2,142	2,181	2,061	1,959	1,961	2,045	2,085	2,221	2,307	2,354	2,296	2,125	2,041	2,093	1,950	1,885	1,820	1,805	1,877	1,859	1,609	1,645	1,667	1,593	1,512	1,557	1,520