JOHN WILEY SONS INC
For the period ended Jul 31, 2024. Filed Sep 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Sep 6, 2024
WLY$50.23-0.5%Stored close · as of Nov 6, 2026
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Condensed Consolidated Statements of Financial Position – Unaudited as of July 31, 2024 and as of April 30, 2024
CONDENSED CONSOLIDATED STATEMENTS OFFINANCIAL POSITION – UNAUDITED
In thousands
| July 31, 2024 | April 30, 2024 | |
|---|---|---|
| Assets: | ||
| Current assets | ||
| Cash and cash equivalents | $82,545 | $83,249 |
| Accounts receivable, net of allowance for credit losses of $18.0 million and $17.3 million, respectively | 192,153 | 224,198 |
| Inventories, net | 25,846 | 26,219 |
| Prepaid expenses and other current assets | 87,004 | 85,954 |
| Current assets held-for-sale | 5,282 | 34,422 |
| Total current assets | 392,830 | 454,042 |
| Technology, property and equipment, net | 185,104 | 192,438 |
| Intangible assets, net | 609,224 | 615,694 |
| Goodwill | 1,099,817 | 1,091,368 |
| Operating lease right-of-use assets | 72,424 | 69,074 |
| Other non-current assets | 292,635 | 283,719 |
| Non-current assets held-for-sale | 24 | 19,160 |
| Total assets | $2,652,058 | $2,725,495 |
| Liabilities and shareholders' equity: | ||
| Current liabilities | ||
| Accounts payable | $38,641 | $55,659 |
| Accrued royalties | 105,063 | 97,173 |
| Short-term portion of long-term debt | 8,750 | 7,500 |
| Contract liabilities | 367,307 | 483,778 |
| Accrued employment costs | 49,039 | 96,980 |
| Short-term portion of operating lease liabilities | 17,647 | 18,294 |
| Other accrued liabilities | 78,241 | 76,266 |
| Current liabilities held-for-sale | 24,103 | 37,632 |
| Total current liabilities | 688,791 | 873,282 |
| Long-term debt | 909,850 | 767,096 |
| Accrued pension liability | 67,850 | 70,832 |
| Deferred income tax liabilities | 97,362 | 97,186 |
| Operating lease liabilities | 91,587 | 94,386 |
| Other long-term liabilities | 76,980 | 71,760 |
| Long-term liabilities held-for-sale | 5,965 | 11,237 |
| Total liabilities | 1,938,385 | 1,985,779 |
| Commitments and contingencies (Note 18) | ||
| Shareholders’ equity | ||
| Preferred stock, $1 par value per share: Authorized shares – 2 million, Issued shares - 0 | — | — |
| Class A common stock, $1 par value per share: Authorized shares - 180 million, Issued shares - 70,277 and 70,259 as of July 31, 2024 and April 30, 2024, respectively | 70,277 | 70,259 |
| Class B common stock, $1 par value per share: Authorized shares - 72 million, Issued shares - 12,905 and 12,923 as of July 31, 2024 and April 30, 2024, respectively | 12,905 | 12,923 |
| Additional paid-in-capital | 473,164 | 474,406 |
| Retained earnings | 1,562,666 | 1,583,348 |
| Accumulated other comprehensive loss, net of tax | (523,592) | (528,439) |
| Less treasury shares at cost (Class A – 24,975 and 24,828 as of July 31, 2024 and April 30, 2024, respectively; Class B – 3,928 and 3,928 as of July 31, 2024 and April 30, 2024, respectively) | (881,747) | (872,781) |
| Total shareholders’ equity | 713,673 | 739,716 |
| Total liabilities and shareholders' equity | $2,652,058 | $2,725,495 |
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