Worthington Enterprises Inc. (WOR) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 W. OLD WILSON BRIDGE ROAD
COLUMBUS, OH 43085
State of Incorp. OH
Fiscal Year End May 31
Industry (SIC) 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

2/29/2024
MRQ
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4314553464014792
Cash and cash equivalents4314553464014792
Receivables646697878642349513
Inventory, net of allowances, customer advances and progress billings576608759565405484
Inventory576608759565405484
Disposal group, including discontinued operation 232052137
Other undisclosed current assets11710594696970
Total current assets:1,7731,8681,7861,9689831,166
Noncurrent Assets
Operating lease, right-of-use asset95100993532
Property, plant and equipment704676696515573579
Long-term investments and receivables247253327233203215
Long-term investments247253327233203215
Intangible assets, net (including goodwill)723729700591506531
Goodwill417415401351321335
Intangible assets, net (excluding goodwill)306314299240184196
Other noncurrent assets432534313521
Total noncurrent assets:1,8121,7831,8571,4051,3481,345
TOTAL ASSETS:3,5843,6513,6433,3732,3322,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities608702872777377547
Interest and dividends payable16171514
Taxes payable0411
Employee-related liabilities1181386578
Accounts payable447529668567247394
Accrued liabilities16017370525060
Debt32534800 
Deferred compensation liability  1111 
Other undisclosed current liabilities121211910151
Total current liabilities:945718932788388698
Noncurrent Liabilities
Long-term debt and lease obligation299690785737725598
Long-term debt, excluding current maturities299690696710700598
Liabilities, other than long-term debt29830523119776144
Deferred tax liabilities, net74
Deferred income tax liabilities100101115114 
Other liabilities113113116837670
Operating lease, liability8590882726
Other undisclosed noncurrent liabilities11811781100176122
Total noncurrent liabilities:7151,1121,0971,034977864
Total liabilities:1,6601,8292,0291,8221,3651,562
Equity
Equity, attributable to parent1,7931,6961,4811,398821831
Additional paid in capital  291273283284283
Accumulated other comprehensive income (loss)  (23)(23)45(35)(43)
Retained earnings  1,4281,2301,070572592
Other undisclosed equity, attributable to parent1,793     
Equity, attributable to noncontrolling interest131126133154146117
Total equity:1,9241,8221,6141,552966948
TOTAL LIABILITIES AND EQUITY:3,5843,6513,6433,3732,3322,511

Income Statement (P&L) ($ in millions)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues4,6124,9165,2423,1713,0593,760
Cost of revenue(3,903)(4,253)(4,527)(2,532)(2,616)(3,280)
Gross profit:709663715639443480
Operating expenses(440)(429)(403)(365)(411)(346)
Other undisclosed operating income (loss)(45)(22)17(107)(10)11
Operating income:22421232916722145
Nonoperating income (expense)721670493
Investment income, nonoperating3314702  
Other nonoperating income (expense)4(1)3293
Interest and debt expense(17)(27)(31)(30)(36)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes14514518059  
Income (loss) from continuing operations before equity method investments, income taxes:360333494900(4)109
Income from equity method investments18916121412311597
Other undisclosed loss from continuing operations before income taxes(148)(148)(194)(106)  
Income from continuing operations before income taxes:401345514918111206
Income tax expense(89)(76)(115)(176)(26)(43)
Income from continuing operations:31226939974184163
Income before gain (loss) on sale of properties:39974184163
Net income:31226939974184163
Net loss attributable to noncontrolling interest(16)(13)(20)(18)(6)(10)
Net income available to common stockholders, diluted:29725737972479153

Comprehensive Income ($ in millions)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:31226939974184163
Other comprehensive income (loss)32(0)(68)818(29)
Comprehensive income:34526933182293134
Comprehensive loss, net of tax, attributable to noncontrolling interest(16)(13)(20)(18)(6)(10)
Comprehensive income, net of tax, attributable to parent:32925631180487125

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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