SCHOLASTIC CORP

For the period ended May 31, 2025. Filed Jul 25, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jul 25, 2025

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

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Contents

Item 8. Consolidated Statements of Cash Flows

	(Amounts in millions)Years ended May 31,
	2025	2024	2023
Cash flows - operating activities:
Net income (loss) attributable to Scholastic Corporation	$(1.9)	$12.1	$86.3
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable	5.0	5.2	3.3
Provision for losses on inventory	16.1	20.4	26.5
Provision for losses on royalty advances	5.7	2.7	4.2
Amortization of prepublication costs	21.9	26.2	25.1
Amortization of film and television programs	9.9	—	—
Depreciation and amortization	78.5	67.0	64.6
Amortization of pension and postretirement plans	0.5	0.4	(0.4)
Deferred income taxes	(19.7)	(1.9)	(0.7)
Stock-based compensation	9.3	11.0	10.5
Income from equity method investments	(0.5)	(0.5)	(0.9)
Non cash write off related to asset impairments and write downs	2.9	10.0	—
Changes in assets and liabilities, net of amounts acquired:
Accounts receivable	(26.7)	38.2	15.0
Inventories	(2.8)	50.9	(83.6)
Income tax receivable	6.8	(6.3)	17.7
Tax credit receivable	10.6	—	—
Prepaid expenses and other current assets	4.1	(1.7)	21.5
Investment in film and television programs	(12.5)	—	—
Royalty advances	(25.8)	(3.4)	(12.0)
Accounts payable	15.5	(32.5)	9.4
Accrued royalties	13.3	(4.5)	(7.6)
Deferred revenue	7.5	(8.1)	(2.9)
Other accrued expenses	(1.5)	(10.3)	(15.3)
Accrued income taxes	1.7	(11.5)	10.9
Other, net	6.3	(8.8)	(22.7)
Net cash provided by (used in) operating activities	124.2	154.6	148.9
Cash flows - investing activities:
Prepublication expenditures	(24.5)	(22.8)	(26.9)
Additions to property, plant and equipment	(52.2)	(58.4)	(62.0)
Acquisition-related payments	(176.2)	(6.4)	(10.7)
Purchase of noncontrolling interests	—	(2.1)	—
Net cash provided by (used in) investing activities	(252.9)	(89.7)	(99.6)

(Amounts in millions)Years ended May 31,
	2025	2024	2023
Cash flows - financing activities:
Borrowings under lines of credit, credit agreement and revolving loan	305.9	54.1	3.5
Repayments of lines of credit, credit agreement and revolving loan	(57.4)	(54.1)	(3.7)
Borrowings under film related obligations	16.5	—	—
Repayments of film related obligations (including interests)	(34.8)	—	—
Repayment of capital lease obligations	(1.7)	(2.3)	(2.3)
Reacquisition of common stock	(70.0)	(158.2)	(132.1)
Proceeds pursuant to stock-based compensation plans	1.2	9.1	20.7
Payment of dividends	(22.6)	(24.7)	(25.6)
Other, net	0.2	—	—
Net cash provided by (used in) financing activities	137.3	(176.1)	(139.5)
Effect of exchange rate changes on cash and cash equivalents	1.7	0.4	(1.9)
Net increase (decrease) in cash and cash equivalents	10.3	(110.8)	(92.1)
Cash and cash equivalents at beginning of period	113.7	224.5	316.6
Cash and cash equivalents at end of period	$124.0	$113.7	$224.5

	2025	2024	2023
Supplemental Information:
Income tax payments (refunds)	$2.0	$23.7	$2.5
Interest paid	18.3	2.2	1.5

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