Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2021	Aug. 31, 2020
Current assets:
Cash and cash equivalents	$ 27,818	$ 17,887
Accounts receivable, net	214,098	139,147
Inventories	256,427	157,269
Refundable income taxes	837	18,253
Prepaid expenses and other current assets	43,934	30,075
Total current assets	543,114	362,631
Property, plant and equipment, net	562,674	487,004
Operating lease right-of-use assets	131,221	140,584
Investments in joint ventures	12,844	10,057
Goodwill	170,304	169,627
Intangibles, net	3,980	4,585
Deferred income taxes	27,561	27,152
Other assets	42,665	28,287
Total assets	1,494,363	1,229,927
Current liabilities:
Short-term borrowings	3,654	2,184
Accounts payable	179,917	106,676
Accrued payroll and related liabilities	69,622	41,436
Environmental liabilities	24,743	6,302
Operating lease liabilities	21,417	19,760
Accrued income taxes	3,521
Other accrued liabilities	49,976	47,306
Total current liabilities	352,850	223,664
Deferred income taxes	40,593	38,292
Long-term debt, net of current maturities	71,299	102,235
Environmental liabilities, net of current portion	52,385	47,162
Operating lease liabilities, net of current maturities	113,165	125,001
Other long-term liabilities	24,292	13,137
Total liabilities	654,584	549,491
Commitments and contingencies (Note 9)
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	49,074	36,616
Retained earnings	793,712	649,863
Accumulated other comprehensive loss	(34,554)	(36,871)
Total SSI shareholders’ equity	835,764	676,707
Noncontrolling interests	4,015	3,729
Total equity	839,779	680,436
Total liabilities and equity	1,494,363	1,229,927
Class A Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	27,332	26,899
Class B Common Stock
Schnitzer Steel Industries, Inc. (“SSI”) shareholders’ equity:
Common stock, value	$ 200	$ 200