SCHOLASTIC CORP

For the period ended May 31, 2026. Filed Jul 24, 2026.

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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.

FY2026 · Filed Jul 24, 2026

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,
	2026	2025	2024
Cash flows - operating activities:
Net income (loss)	$56.7	$(1.9)	$12.1
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable	6.5	5.0	5.2
Provision for losses on inventory	8.9	16.1	20.4
Provision for losses on royalty advances	6.2	5.7	2.7
Amortization of prepublication costs	21.6	21.9	26.2
Amortization of film and television programs	11.9	9.9	—
Depreciation and amortization	71.8	78.5	67.0
Amortization of pension and postretirement plans	0.8	0.5	0.4
Deferred income taxes	3.6	(19.7)	(1.9)
Stock-based compensation	8.5	9.3	11.0
Income from equity method investments	(0.3)	(0.5)	(0.5)
Loss on sale of investments	17.2	—	—
Non cash write off related to asset impairments and write downs	10.9	2.9	10.0
Gain on sale and leaseback transactions	(99.7)	—	—
Changes in assets and liabilities, net of amounts acquired:
Accounts receivable	31.4	(26.7)	38.2
Inventories	(22.5)	(2.8)	50.9
Income tax receivable	(19.6)	6.8	(6.3)
Tax credit receivable	1.6	10.6	—
Prepaid expenses and other current assets	7.4	4.1	(1.7)
Investment in film and television programs	(12.1)	(12.5)	—
Royalty advances	7.6	(25.8)	(3.4)
Employee benefit plan contribution	(8.6)	—	—
Accounts payable	(13.8)	15.5	(32.5)
Accrued royalties	(19.4)	13.3	(4.5)
Deferred revenue	(0.1)	7.5	(8.1)
Other accrued expenses	(10.5)	(1.5)	(10.3)
Accrued income taxes	1.0	1.7	(11.5)
Other, net	(16.1)	6.3	(8.8)
Net cash provided by (used in) operating activities	50.9	124.2	154.6
Cash flows - investing activities:
Prepublication expenditures	(17.9)	(24.5)	(22.8)
Additions to property, plant and equipment	(48.4)	(52.2)	(58.4)
Net proceeds from sale and leaseback transactions	452.4	—	—
Net proceeds from sale of investments	19.4	—	—
Return of capital from investments	0.3	—	—
Acquisition-related payments	—	(176.2)	(6.4)
Purchase of noncontrolling interests	—	—	(2.1)
Net cash provided by (used in) investing activities	405.8	(252.9)	(89.7)

(Amounts in millions)Years ended May 31,
	2026	2025	2024
Cash flows - financing activities:
Borrowings under lines of credit, credit agreement and revolving loan	234.3	305.9	54.1
Repayments of lines of credit, credit agreement and revolving loan	(409.8)	(57.4)	(54.1)
Borrowings under film related obligations	17.5	16.5	—
Repayments of film related obligations (including interests)	(18.5)	(34.8)	—
Repayment of capital lease obligations	(2.1)	(1.7)	(2.3)
Reacquisition of common stock	(265.9)	(70.0)	(158.2)
Proceeds pursuant to stock-based compensation plans	18.6	1.2	9.1
Payment of dividends	(20.0)	(22.6)	(24.7)
Other, net	(0.1)	0.2	—
Net cash provided by (used in) financing activities	(446.0)	137.3	(176.1)
Effect of exchange rate changes on cash and cash equivalents	0.2	1.7	0.4
Net increase (decrease) in cash and cash equivalents	10.9	10.3	(110.8)
Cash and cash equivalents at beginning of period	124.0	113.7	224.5
Cash and cash equivalents at end of period	$134.9	$124.0	$113.7

	2026	2025	2024
Supplemental Information:
Cash paid for income taxes, net of refunds	$43.4	$2.0	$23.7
Cash paid for interest	15.2	18.3	2.2

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