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
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments455267130363444
Cash and cash equivalents455267130363444
Receivables697732715821878859
Inventory, net of allowances, customer advances and progress billings608601655727759869
Inventory608601655727759869
Disposal group, including discontinued operation355212034
Other undisclosed current assets105106991009491
Total current assets:1,8681,7111,6031,7051,7861,897
Noncurrent Assets
Operating lease, right-of-use asset1001021031049998
Property, plant and equipment676682682684696694
Long-term investments and receivables253244241253327303
Long-term investments253244241253327303
Intangible assets, net (including goodwill)729732736739700712
Goodwill415414413412401407
Intangible assets, net (excluding goodwill)314318323327299304
Other noncurrent assets252525273434
Total noncurrent assets:1,7831,7871,7881,8051,8571,841
TOTAL ASSETS:3,6513,4983,3913,5103,6433,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities702649644865872902
Interest and dividends payable171616
Taxes payable805
Employee-related liabilities8411894
Accounts payable529489481581668722
Accrued liabilities1731591631767064
Debt3451648112
Deferred compensation liability 1   1 
Other undisclosed current liabilities121212(97)1113
Total current liabilities:7186656617849321,027
Noncurrent Liabilities
Long-term debt and lease obligation690689693783785787
Long-term debt, excluding current maturities690689693690696701
Liabilities, other than long-term debt305311305211231233
Deferred income tax liabilities10110096102115105
Other liabilities113119116109116128
Operating lease, liability909294938887
Other undisclosed noncurrent liabilities11711792858187
Total noncurrent liabilities:1,1121,1181,0901,0791,0971,108
Total liabilities:1,8291,7821,7511,8632,0292,135
Equity
Equity, attributable to parent, including:1,6961,5851,5131,5131,4811,451
Additional paid in capital 291   273 
Accumulated other comprehensive loss (23)   (23) 
Retained earnings 1,428   1,230 
Other undisclosed equity, attributable to parent 1,5851,5131,513 1,451
Equity, attributable to noncontrolling interest126130126134133152
Total equity:1,8221,7151,6391,6471,6141,604
TOTAL LIABILITIES AND EQUITY:3,6513,4983,3913,5103,6433,738

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

8/31/2023
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
Revenues1,2291,1031,1761,4091,5201,378
Cost of revenue(984)(960)(1,070)(1,239)(1,353)(1,235)
Gross profit:244144106169168143
Operating expenses(112)(107)(108)(104)(105)(106)
Other undisclosed operating income (loss)(10)(7)(5)121
Operating income (loss):12330(7)676538
Nonoperating income (expense)411(5)(1)(4)
Investment income, nonoperating 3   (1)(5)
Other nonoperating income (expense)111(5)10
Interest and debt expense(5)(6)(8)(9)(8)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes 145   180 
Income (loss) from continuing operations before equity method investments, income taxes:26825(13)5323725
Income from equity method investments553737325347
Other undisclosed income (loss) from continuing operations before income taxes (148)   (179)5
Income from continuing operations before income taxes:17562248511177
Income tax expense(41)(12)(4)(19)(25)(19)
Income from continuing operations:1345020658659
Income before gain (loss) on sale of properties:658659
Net income:1345020658659
Net loss attributable to noncontrolling interest(4)(4)(3)(1)(6)(2)
Net income available to common stockholders, diluted:1304616648056

Comprehensive Income ($ in millions)

8/31/2023
Q1
5/31/2023
Q4
2/28/2023
Q3
11/30/2022
Q2
8/31/2022
Q1
5/31/2022
Q4
2/28/2022
Q3
Net income:1345020658659
Other comprehensive income (loss)(13)36(3)(20)13(19)
Comprehensive income:1218616459939
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(4)(3)(1)(6)(2)
Comprehensive income, net of tax, attributable to parent:1178313449337

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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