SCHOLASTIC CORP
For the period ended Aug 31, 2024. Filed Sep 27, 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.
Aug 31, 2024 · Filed Sep 27, 2024
SCHL$36.56-1.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (Unaudited)
SCHOLASTIC CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED(Dollar amounts in millions, except per share data)
| August 31, 2024 | May 31, 2024 | August 31, 2023 | |
|---|---|---|---|
| (unaudited) | (audited) | (unaudited) | |
| ASSETS | |||
| Current Assets: | |||
| Cash and cash equivalents | $84.1 | $113.7 | $125.8 |
| Accounts receivable, net | 201.1 | 235.0 | 201.9 |
| Inventories, net | 310.3 | 264.2 | 353.2 |
| Income tax receivable | 46.1 | 15.2 | 33.4 |
| Prepaid expenses and other current assets | 73.5 | 48.8 | 70.4 |
| Total current assets | 715.1 | 676.9 | 784.7 |
| Noncurrent Assets: | |||
| Property, plant and equipment, net | 525.4 | 511.9 | 523.3 |
| Prepublication costs, net | 48.4 | 49.5 | 55.0 |
| Investment in film and television programs, net | 40.4 | — | — |
| Operating lease right-of-use assets, net | 105.0 | 99.1 | 96.4 |
| Royalty advances, net | 65.1 | 57.8 | 58.6 |
| Goodwill | 204.4 | 132.8 | 132.8 |
| Other intangible assets, net | 94.7 | 10.3 | 9.4 |
| Noncurrent deferred income taxes | 22.6 | 23.1 | 20.5 |
| Other assets and deferred charges | 138.9 | 109.8 | 91.6 |
| Total noncurrent assets | 1,244.9 | 994.3 | 987.6 |
| Total assets | $1,960.0 | $1,671.2 | $1,772.3 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||
| Current Liabilities: | |||
| Lines of credit and current portion of long-term debt | $6.1 | $6.0 | $5.9 |
| Film related obligations | 20.5 | — | — |
| Accounts payable | 184.0 | 138.5 | 167.7 |
| Accrued royalties | 77.5 | 48.5 | 72.0 |
| Deferred revenue | 173.9 | 161.1 | 171.1 |
| Other accrued expenses | 139.1 | 156.3 | 145.9 |
| Accrued income taxes | 2.1 | 1.9 | 13.2 |
| Operating lease liabilities | 25.2 | 22.4 | 22.9 |
| Total current liabilities | 628.4 | 534.7 | 598.7 |
| Noncurrent Liabilities: | |||
| Long-term debt | 225.0 | — | — |
| Operating lease liabilities | 90.6 | 89.2 | 83.1 |
| Film related obligations | 13.6 | — | — |
| Other noncurrent liabilities | 45.1 | 29.2 | 35.9 |
| Total noncurrent liabilities | 374.3 | 118.4 | 119.0 |
| Commitments and Contingencies (see Note 5) | — | — | — |
| Stockholders’ Equity: | |||
| Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none | $— | $— | $— |
| Class A Stock, $0.01 par value: Authorized, 3.2, 3.2, and 4.0 shares, respectively; Issued and Outstanding, 0.8, 0.8, and 1.7 shares, respectively | 0.0 | 0.0 | 0.0 |
| Common Stock, $0.01 par value: Authorized, 70.0 shares; Issued, 42.9 shares; Outstanding, 27.3, 27.4, and 29.3 shares, respectively | 0.4 | 0.4 | 0.4 |
| Additional paid-in capital | 606.3 | 604.6 | 632.7 |
| Accumulated other comprehensive income (loss) | (44.1) | (52.5) | (53.8) |
| Retained earnings | 955.6 | 1,023.7 | 955.1 |
| Treasury stock, at cost: 15.6, 15.5 and 13.6 shares, respectively | (560.9) | (558.1) | (479.8) |
| Total stockholders’ equity | 957.3 | 1,018.1 | 1,054.6 |
| Total liabilities and stockholders’ equity | $1,960.0 | $1,671.2 | $1,772.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.