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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Condensed Consolidated Statements of Cash Flows (Unaudited)
SCHOLASTIC CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED(Dollar amounts in millions)
| Nine months ended | ||
|---|---|---|
| February 28, | February 29, | |
| 2025 | 2024 | |
| Cash flows - operating activities: | ||
| Net income (loss) | $(17.3) | $(23.8) |
| Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities: | ||
| Provision for losses on accounts receivable | 3.9 | 4.0 |
| Provision for losses on inventory | 12.6 | 15.7 |
| Provision for losses on royalty advances | 2.4 | 2.2 |
| Amortization of prepublication costs | 16.4 | 19.9 |
| Amortization of film and television programs | 8.2 | — |
| Depreciation and amortization | 57.8 | 49.2 |
| Amortization of pension and postretirement plans | 0.3 | 0.3 |
| Deferred income taxes | 0.0 | 0.2 |
| Stock-based compensation | 6.7 | 8.7 |
| Income from equity-method investments | (0.8) | (0.1) |
| Non cash write off related to asset impairments and write downs | 0.4 | 0.5 |
| Changes in assets and liabilities, net of amounts acquired: | ||
| Accounts receivable | (11.0) | 21.2 |
| Inventories | (22.1) | 36.7 |
| Income tax receivable | (36.0) | (21.0) |
| Tax credit receivable | 12.1 | — |
| Prepaid expenses and other current assets | (13.8) | (5.8) |
| Investment in film and television programs | (8.2) | — |
| Royalty advances | (30.8) | (1.5) |
| Accounts payable | (6.4) | (44.6) |
| Accrued royalties | 30.8 | 22.3 |
| Deferred revenue | 34.1 | 24.7 |
| Other accrued expenses | (25.0) | (15.3) |
| Accrued income taxes | 0.7 | (10.6) |
| Other, net | 2.3 | 1.8 |
| Net cash provided by (used in) operating activities | 17.3 | 84.7 |
| Cash flows - investing activities: | ||
| Prepublication expenditures | (15.8) | (17.2) |
| Additions to property, plant and equipment | (39.9) | (43.8) |
| Acquisitions, net of cash acquired | (176.2) | (6.4) |
| Purchase of noncontrolling interest | — | (2.1) |
| Other | (0.1) | — |
| Net cash provided by (used in) investing activities | (232.0) | (69.5) |
| Cash flows - financing activities: | ||
| Borrowings under lines of credit and long-term debt, net of debt issuance costs | 303.1 | 52.9 |
| Repayments of lines of credit and long-term debt | (29.6) | (27.5) |
| Borrowings under film related obligations | 14.8 | — |
| Repayments of film related obligations | (33.4) | — |
| Repayments of capital lease obligations | (1.4) | (1.7) |
| Reacquisition of common stock | (40.0) | (143.0) |
| Proceeds pursuant to stock-based compensation plans | 1.2 | 8.7 |
| Payment of dividends | (17.0) | (18.9) |
| Other | (0.1) | 0.1 |
| Net cash provided by (used in) financing activities | 197.6 | (129.4) |
| Effect of exchange rate changes on cash and cash equivalents | (1.9) | 0.1 |
| Net increase (decrease) in cash and cash equivalents | (19.0) | (114.1) |
| Cash and cash equivalents at beginning of period | 113.7 | 224.5 |
| Cash and cash equivalents at end of period | $94.7 | $110.4 |
SCHOLASTIC CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – UNAUDITED(Dollar amounts in millions, except per share data)
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