RPM INTERNATIONAL INCDE
For the period ended Feb 29, 2024. Filed Apr 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Apr 4, 2024
RPM$105.83-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| February 29, | February 28, | |
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net income | $408,606 | $328,060 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 126,656 | 115,186 |
| Goodwill impairment | - | 36,745 |
| Deferred income taxes | 2,190 | 8,506 |
| Stock-based compensation expense | 19,457 | 23,636 |
| Net (gain) loss on marketable securities | (16,496) | 3,241 |
| Net loss (gain) on sales of assets and businesses | 2,576 | (25,881) |
| Other | 1,244 | 684 |
| Changes in assets and liabilities, net of effect from purchases and sales of businesses: | ||
| Decrease in receivables | 430,512 | 202,742 |
| Decrease (increase) in inventory | 55,118 | (142,069) |
| Decrease in prepaid expenses and other current and long-term assets | 30,349 | 4,807 |
| (Decrease) in accounts payable | (83,960) | (195,093) |
| (Decrease) in accrued compensation and benefits | (20,049) | (54,747) |
| Increase (decrease) in accrued losses | 4,366 | (2,119) |
| (Decrease) in other accrued liabilities | (19,424) | (40,690) |
| Cash Provided by Operating Activities | 941,145 | 263,008 |
| Cash Flows from Investing Activities: | ||
| Capital expenditures | (138,093) | (179,725) |
| Acquisition of businesses, net of cash acquired | (15,549) | (47,542) |
| Purchase of marketable securities | (30,591) | (13,173) |
| Proceeds from sales of marketable securities | 22,130 | 9,596 |
| Proceeds from sales of assets and businesses, net | 5,749 | 53,318 |
| Other | 2,485 | 2,127 |
| Cash (Used for) Investing Activities | (153,869) | (175,399) |
| Cash Flows from Financing Activities: | ||
| Additions to long-term and short-term debt | - | 489,881 |
| Reductions of long-term and short-term debt | (516,086) | (354,135) |
| Cash dividends | (172,601) | (159,841) |
| Repurchases of common stock | (37,488) | (37,500) |
| Shares of common stock returned for taxes | (21,949) | (15,252) |
| Payments of acquisition-related contingent consideration | (1,082) | (3,765) |
| Other | (1,586) | (2,689) |
| Cash (Used for) Financing Activities | (750,792) | (83,301) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (3,366) | (12,110) |
| Net Change in Cash and Cash Equivalents | 33,118 | (7,802) |
| Cash and Cash Equivalents at Beginning of Period | 215,787 | 201,672 |
| Cash and Cash Equivalents at End of Period | $248,905 | $193,870 |
| Supplemental Disclosures of Cash Flows Information: | ||
| Cash paid during the period for: | ||
| Interest | $90,770 | $83,248 |
| Income Taxes, net of refunds | $172,008 | $133,753 |
| Supplemental Disclosures of Noncash Investing Activities: | ||
| Capital expenditures accrued within accounts payable at quarter-end | $12,621 | $12,147 |
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