Worthington Industries, Inc. (WOR) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 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)

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4551303464014792
Cash and cash equivalents4551303464014792
Receivables697715878642349513
Inventory, net of allowances, customer advances and progress billings608655759565405484
Inventory608655759565405484
Disposal group, including discontinued operation352052137
Other undisclosed current assets1059994696970
Total current assets:1,8681,6031,7861,9689831,166
Noncurrent Assets
Operating lease, right-of-use asset100103993532
Property, plant and equipment676682696515573579
Long-term investments and receivables253241327233203215
Long-term investments253241327233203215
Intangible assets, net (including goodwill)729736700591506531
Goodwill415413401351321335
Intangible assets, net (excluding goodwill)314323299240184196
Other noncurrent assets252534313521
Total noncurrent assets:1,7831,7881,8571,4051,3481,345
TOTAL ASSETS:3,6513,3913,6433,3732,3322,511
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities702644872777377547
Interest and dividends payable16171514
Taxes payable0411
Employee-related liabilities1181386578
Accounts payable529481668567247394
Accrued liabilities17316370525060
Debt354800 
Deferred compensation liability 1 111 
Other undisclosed current liabilities121211910151
Total current liabilities:718661932788388698
Noncurrent Liabilities
Long-term debt and lease obligation690693785737725598
Long-term debt, excluding current maturities690693696710700598
Liabilities, other than long-term debt30530523119776144
Deferred tax liabilities, net74
Deferred income tax liabilities10196115114 
Other liabilities113116116837670
Operating lease, liability9094882726
Other undisclosed noncurrent liabilities1179281100176122
Total noncurrent liabilities:1,1121,0901,0971,034977864
Total liabilities:1,8291,7512,0291,8221,3651,562
Equity
Equity, attributable to parent1,6961,5131,4811,398821831
Additional paid in capital 291 273283284283
Accumulated other comprehensive income (loss) (23) (23)45(35)(43)
Retained earnings 1,428 1,2301,070572592
Other undisclosed equity, attributable to parent 1,513    
Equity, attributable to noncontrolling interest126126133154146117
Total equity:1,8221,6391,6141,552966948
TOTAL LIABILITIES AND EQUITY:3,6513,3913,6433,3732,3322,511

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

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues4,9165,4835,2423,1713,0593,760
Cost of revenue(4,253)(4,897)(4,527)(2,532)(2,616)(3,280)
Gross profit:663586715639443480
Operating expenses(429)(422)(403)(365)(411)(346)
Other undisclosed operating income (loss)(22)(1)17(107)(10)11
Operating income:21216332916722145
Nonoperating income (expense)2(9)1670493
Investment income, nonoperating3(6)14702  
Other nonoperating income (expense)(1)(3)3293
Interest and debt expense(27)(33)(31)(30)(36)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes14518018059  
Income (loss) from continuing operations before equity method investments, income taxes:333302494900(4)109
Income from equity method investments16116921412311597
Other undisclosed loss from continuing operations before income taxes(148)(174)(194)(106)  
Income from continuing operations before income taxes:345297514918111206
Income tax expense(76)(67)(115)(176)(26)(43)
Income from continuing operations:26922939974184163
Income before gain (loss) on sale of properties:21039974184163
Net income:26922939974184163
Net loss attributable to noncontrolling interest(13)(12)(20)(18)(6)(10)
Net income available to common stockholders, diluted:25721737972479153

Comprehensive Income ($ in millions)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income:26922939974184163
Other comprehensive income (loss)(0)(30)(68)818(29)
Comprehensive income:26920033182293134
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(12)(20)(18)(6)(10)
Comprehensive income, net of tax, attributable to parent:25618731180487125

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: