Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2022	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 16,125	$ 27,818
Accounts receivable, net of allowance for credit losses of $1,556 and $1,566	283,819	214,098
Inventories	439,704	256,427
Refundable income taxes	1,285	837
Prepaid expenses and other current assets	46,992	43,934
Total current assets	787,925	543,114
Property, plant and equipment, net of accumulated depreciation of $847,366 and $837,293	629,104	562,674
Operating lease right-of-use assets	127,311	131,221
Investments in joint ventures	13,461	12,844
Goodwill	254,511	170,304
Intangibles, net of accumulated amortization of $6,219 and $3,846	26,199	3,980
Deferred income taxes	24,988	27,561
Other assets	48,942	42,665
Total assets	1,912,441	1,494,363
Current liabilities:
Short-term borrowings	5,764	3,654
Accounts payable	223,816	179,917
Accrued payroll and related liabilities	56,681	69,622
Environmental liabilities	11,600	24,743
Operating lease liabilities	21,964	21,417
Accrued income taxes	10,140	3,521
Other accrued liabilities	50,898	49,976
Total current liabilities	380,863	352,850
Deferred income taxes	62,133	40,593
Long-term debt, net of current maturities	316,108	71,299
Environmental liabilities, net of current portion	54,950	52,385
Operating lease liabilities, net of current maturities	106,745	113,165
Other long-term liabilities	23,772	24,292
Total liabilities	944,571	654,584
Commitments and contingencies (Note 5)
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Preferred stock – 20,000 shares $1.00 par value authorized, none issued	0	0
Additional paid-in capital	34,426	49,074
Retained earnings	936,060	793,712
Accumulated other comprehensive loss	(34,245)	(34,554)
Total SSI shareholders’ equity	963,688	835,764
Noncontrolling interests	4,182	4,015
Total equity	967,870	839,779
Total liabilities and equity	1,912,441	1,494,363
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	27,247	27,332
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200