Skillsoft Corp
For the period ended Jan 31, 2024. Filed Apr 15, 2024.
View on SEC.govAbout this filing
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.
FY2024 · Filed Apr 15, 2024
SKIL$3.11-7.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows for the Period from
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal 2024 · Fiscal 2023 · Fiscal 2022 | ||||
|---|---|---|---|---|
| Successor | Successor | Successor | Predecessor | |
| From | From | From | From | |
| February 1, 2023 to | February 1, 2022 to | June 12, 2021 to | February 1, 2021 | |
| January 31, 2024 | January 31, 2023 | January 31, 2022 | to June 11, 2021 | |
| Cash flows from operating activities: | ||||
| Net income (loss) | $(349,285) | $(724,964) | $(46,806) | $(49,264) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||
| Impairment of goodwill and intangible assets | 202,233 | 641,362 | — | — |
| Amortization of intangible assets | 152,511 | 176,690 | 95,922 | 50,902 |
| Share-based compensation | 31,067 | 36,622 | 14,664 | — |
| Depreciation | 3,330 | 6,508 | 6,556 | 3,572 |
| Non-cash interest expense | 2,074 | 2,098 | 817 | 487 |
| Non-cash property, equipment, software and lease impairment charges | 5,230 | — | — | — |
| Provision for credit loss expense (recovery) | 341 | 375 | 274 | (174) |
| (Gain) loss on sale of business | 682 | (56,619) | — | — |
| Provision for (benefit from) income taxes – non-cash | (22,066) | (43,082) | (12,782) | (5,886) |
| Fair value adjustment of warrants | (4,754) | (23,158) | (17,441) | (900) |
| Fair value adjustment of interest rate swaps | (2,756) | 1,554 | — | — |
| Change in assets and liabilities, net of effects from acquisitions: | ||||
| Accounts receivable | (2,091) | (1,560) | (86,583) | 88,622 |
| Prepaid expenses and other assets, including long-term | (4,601) | (13,588) | (19,732) | 1,828 |
| Right-of-use assets | 2,940 | 3,715 | 3,807 | 748 |
| Accounts payable | (3,848) | (5,982) | 1,983 | (4,866) |
| Accrued expenses and other liabilities, including long-term | (6,425) | (20,797) | 31,081 | (18,592) |
| Lease liabilities | (3,966) | (2,335) | (5,023) | (1,301) |
| Deferred revenues | 2,202 | 2,228 | 61,487 | (31,365) |
| Net cash provided by (used in) operating activities | 2,818 | (20,933) | 28,224 | 33,811 |
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (4,181) | (4,913) | (6,286) | (641) |
| Internally developed software - capitalized costs | (13,722) | (10,352) | (3,712) | (2,350) |
| Sale of SumTotal, net of cash transferred | (5,137) | 171,995 | — | — |
| Acquisition of Codecademy, net of cash received | — | (198,914) | — | — |
| Acquisition of Global Knowledge, net of cash received | — | — | (156,926) | — |
| Acquisition of Skillsoft, net of cash received | — | — | (386,035) | — |
| Acquisition of Pluma, net of cash received | — | — | (18,646) | — |
| Net cash used in investing activities | (23,040) | (42,184) | (571,605) | (2,991) |
| Cash flows from financing activities: | ||||
| Shares repurchased for tax withholding upon vesting of restricted stock-based awards | (1,649) | (4,279) | (1,417) | — |
| Payments to acquire treasury stock | (8,046) | (2,845) | — | — |
| Proceeds from issuance of term loans, net of fees | — | 157,088 | 464,290 | — |
| Proceeds from accounts receivable facility, net of borrowings | 5,287 | (34,936) | 40,352 | 16,577 |
| Principal payments on Term loans | (6,404) | (37,795) | (1,200) | — |
| Proceeds from equity investment (PIPE) | — | — | 530,000 | — |
| Principal payments on capital lease obligation | — | — | (994) | (370) |
| Repayment of First and Second Out loans | — | — | (605,591) | (1,300) |
| Net cash provided by (used in) financing activities | (10,812) | 77,233 | 425,440 | 14,907 |
| Effect of exchange rate changes on cash and cash equivalents | 1 | (5,483) | (1,619) | 203 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (31,033) | 8,633 | (119,560) | 45,930 |
| Cash, cash equivalents and restricted cash, beginning of period | 177,556 | 168,923 | 288,483 | 74,443 |
| Cash, cash equivalents and restricted cash, end of period | $146,523 | $177,556 | $168,923 | $120,373 |
| Supplemental disclosure of cash flow information: | ||||
| Cash and cash equivalents | $136,308 | $170,359 | $154,672 | $117,299 |
| Restricted cash | 10,215 | 7,197 | 14,251 | 3,074 |
| Cash, cash equivalents and restricted cash, end of period | $146,523 | $177,556 | $168,923 | $120,373 |
SKILLSOFT CORP.
CONSOLIDATED SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
| Fiscal 2024 · Fiscal 2023 · Fiscal 2022 | ||||
|---|---|---|---|---|
| Successor | Successor | Successor | Predecessor | |
| From | From | From | From | |
| February 1, 2023 to | February 1, 2022 to | June 12, 2021 to | February 1, 2021 | |
| January 31, 2024 | January 31, 2023 | January 31, 2022 | to June 11, 2021 | |
| Supplemental disclosure of cash flow information and non-cash investing and financing activities: | ||||
| Cash paid for interest | $64,229 | $49,078 | $12,967 | $16,439 |
| Cash paid (received) for income taxes, net of refunds | 5,839 | 4,165 | 1,568 | 1,161 |
| Unpaid capital expenditures | — | 596 | 153 | 39 |
| Shares issued in connection with business combination | — | 182,550 | 306,375 | — |
| PIPE subscription liability and warrants reclassified to equity | — | — | 134,286 | — |
| Debt issued in connection with business combinations | — | — | 90,000 | — |
| Warrants issued in connection with business combinations | — | — | 14,000 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.