SCHOLASTIC CORP

For the period ended Feb 28, 2025. Filed Mar 21, 2025.

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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.

Feb 28, 2025 · Filed Mar 21, 2025

SCHL$36.56-1.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets (Unaudited)

SCHOLASTIC CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED(Dollar amounts in millions, except per share data)

	February 28, 2025	May 31, 2024	February 29, 2024
	(unaudited)	(audited)	(unaudited)
ASSETS
Current Assets:
Cash and cash equivalents	$94.7	$113.7	$110.4
Accounts receivable, net	255.9	235.0	253.0
Inventories, net	270.8	264.2	282.5
Income tax receivable	51.6	15.2	29.9
Tax credit receivable	19.8	—	—
Prepaid expenses and other current assets	64.2	48.8	52.9
Total current assets	757.0	676.9	728.7
Noncurrent Assets:
Property, plant and equipment, net	517.1	511.9	512.6
Prepublication costs, net	47.6	49.5	54.0
Investment in film and television programs, net	37.5	—	—
Operating lease right-of-use assets, net	98.8	99.1	91.6
Royalty advances, net	85.9	57.8	56.2
Goodwill	200.0	132.8	132.8
Other intangible assets, net	83.4	10.3	14.0
Noncurrent deferred income taxes	23.0	23.1	21.0
Other assets and deferred charges	111.0	109.8	104.3
Total noncurrent assets	1,204.3	994.3	986.5
Total assets	$1,961.3	$1,671.2	$1,715.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Lines of credit and current portion of long-term debt	$5.8	$6.0	$31.5
Film related obligations	18.8	—	—
Accounts payable	133.5	138.5	126.1
Accrued royalties	85.1	48.5	75.1
Deferred revenue	205.2	161.1	193.8
Other accrued expenses	140.2	156.3	156.7
Accrued income taxes	2.6	1.9	2.7
Operating lease liabilities	25.5	22.4	22.6
Total current liabilities	616.7	534.7	608.5
Noncurrent Liabilities:
Long-term debt	275.0	—	—
Operating lease liabilities	84.4	89.2	79.4
Other noncurrent liabilities	43.9	29.2	29.7
Total noncurrent liabilities	403.3	118.4	109.1
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 shares; Issued and Outstanding, 0.8 shares	0.0	0.0	0.0
Common Stock, $0.01 par value: Authorized, 70.0 shares; Issued, 42.9 shares; Outstanding, 25.9, 27.4, and 27.8 shares, respectively	0.4	0.4	0.4
Additional paid-in capital	605.3	604.6	603.0
Accumulated other comprehensive income (loss)	(63.7)	(52.5)	(53.7)
Retained earnings	989.5	1,023.7	993.5
Treasury stock, at cost: 17.1, 15.5 and 15.1 shares, respectively	(590.2)	(558.1)	(545.6)
Total stockholders’ equity	941.3	1,018.1	997.6
Total liabilities and stockholders’ equity	$1,961.3	$1,671.2	$1,715.2

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