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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2021
Jul. 31, 2020
Current assets:    
Cash and cash equivalents $ 445,852 $ 538,519
Restricted cash 2,854 2,844
Accounts receivable, trade, net 796,489 588,069
Accounts receivable, other, net 151,087 82,880
Factored accounts receivable 2,356 143,278
Inventories, net 1,369,384 716,305
Prepaid income taxes, expenses and other 35,501 30,382
Total current assets 2,803,523 2,102,277
Property, plant and equipment, net 1,185,131 1,107,649
Other assets:    
Goodwill 1,563,255 1,476,541
Amortizable intangible assets, net 937,171 914,724
Deferred income tax assets, net 41,216 78,738
Other 123,792 91,531
Total other assets 2,665,434 2,561,534
TOTAL ASSETS 6,654,088 5,771,460
Current liabilities:    
Accounts payable 915,045 636,506
Current portion of long-term debt 12,411 13,817
Short-term financial obligations 25,720 35,939
Accrued liabilities:    
Compensation and related items 249,761 160,083
Product warranties 267,620 252,869
Income and other taxes 85,789 83,893
Promotions and rebates 128,869 97,378
Product, property and related liabilities 38,590 15,440
Liabilities related to factored receivables 2,356 143,278
Other 68,624 76,078
Total current liabilities 1,794,785 1,515,281
Long-term debt 1,594,821 1,652,831
Deferred income tax liabilities, net 113,598 123,802
Unrecognized tax benefits 15,844 12,765
Other liabilities 186,934 121,212
Total long-term liabilities 1,911,197 1,910,610
Contingent liabilities and commitments
Stockholders’ equity:    
Preferred stock—authorized 1,000,000 shares; none outstanding 0 0
Common stock—par value of $.10 per share; authorized 250,000,000 shares; issued 65,651,570 and 65,396,531 shares, respectively 6,565 6,540
Additional paid-in capital 460,482 436,828
Retained earnings 2,770,401 2,201,330
Accumulated other comprehensive income, net of tax 44,621 26,993
Less treasury shares of 10,285,329 and 10,197,775, respectively, at cost (360,226) (351,909)
Stockholders’ equity attributable to THOR Industries, Inc. 2,921,843 2,319,782
Non-controlling interests 26,263 25,787
Total stockholders’ equity 2,948,106 2,345,569
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,654,088 $ 5,771,460