Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2020	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 307,655	$ 12,377
Accounts receivable, net of allowance for doubtful accounts of $1,594 and $1,569	134,538	145,617
Inventories	161,543	187,320
Refundable income taxes	17,305	5,867
Prepaid expenses and other current assets	32,186	115,107
Total current assets	653,227	466,288
Property, plant and equipment, net of accumulated depreciation of $800,623 and $766,033	459,312	456,400
Operating lease right-of-use assets	127,418
Investments in joint ventures	9,905	10,276
Goodwill	168,595	169,237
Intangibles, net of accumulated amortization of $3,339 and $3,116	4,129	4,482
Deferred income taxes	26,690	28,850
Other assets	24,820	25,213
Total assets	1,474,096	1,160,746
Current liabilities:
Short-term borrowings	1,401	1,321
Accounts payable	68,480	110,297
Accrued payroll and related liabilities	26,562	27,547
Environmental liabilities	6,009	6,030
Operating lease liabilities	18,683
Other accrued liabilities	44,133	123,035
Total current liabilities	165,268	268,230
Deferred income taxes	32,666	25,466
Long-term debt, net of current maturities	426,791	103,775
Environmental liabilities, net of current portion	48,001	45,769
Operating lease liabilities, net of current maturities	111,963
Other long-term liabilities	15,060	16,210
Total liabilities	799,749	459,450
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	33,264	33,700
Retained earnings	651,162	675,363
Accumulated other comprehensive loss	(40,899)	(38,763)
Total SSI shareholders’ equity	670,626	696,964
Noncontrolling interests	3,721	4,332
Total equity	674,347	701,296
Total liabilities and equity	1,474,096	1,160,746
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	26,899	26,464
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200