McGraw Hill, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
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.
Sep 30, 2025 · Filed Nov 12, 2025
MH$10.69-1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(Dollars in thousands, except for share data)
| September 30, 2025 | March 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $463,187 | $389,830 |
| Accounts receivable, net of allowance for credit losses of $10,774 and $13,521 as of September 30, 2025 and March 31, 2025, respectively | 666,767 | 338,426 |
| Inventories, net | 132,962 | 174,018 |
| Prepaid and other current assets | 161,487 | 150,357 |
| Total current assets | 1,424,403 | 1,052,631 |
| Product development costs, net | 240,317 | 222,182 |
| Property, plant and equipment, net | 97,273 | 95,197 |
| Goodwill | 2,557,595 | 2,557,595 |
| Other intangible assets, net | 1,340,806 | 1,454,185 |
| Deferred income taxes | 7,041 | 7,983 |
| Operating lease right-of-use assets | 48,238 | 49,661 |
| Other non-current assets | 329,716 | 318,326 |
| Total assets | $6,045,389 | $5,757,760 |
| Liabilities and stockholders' equity (deficit) | ||
| Current liabilities | ||
| Accounts payable | $125,696 | $146,742 |
| Accrued royalties | 108,663 | 71,457 |
| Accrued compensation | 65,822 | 124,954 |
| Deferred revenue | 966,940 | 794,031 |
| Current portion of long-term debt | 13,170 | 13,170 |
| Operating lease liabilities | 8,002 | 8,042 |
| Other current liabilities | 121,387 | 172,023 |
| Total current liabilities | 1,409,680 | 1,330,419 |
| Long-term debt | 2,796,958 | 3,164,551 |
| Deferred income taxes | 15,834 | 15,656 |
| Long-term deferred revenue | 946,621 | 882,156 |
| Operating lease liabilities | 62,302 | 64,737 |
| Other non-current liabilities | 19,402 | 19,997 |
| Total liabilities | 5,250,797 | 5,477,516 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity (deficit) | ||
| Class A voting common stock, par value $0.01 per share; 186,471,212 shares authorized, 165,160,216 shares issued and outstanding as of March 31, 2025 | — | 1,652 |
| Class B non-voting common stock, par value $0.01 per share; 14,384,922 shares authorized, 1,451,303 shares issued and outstanding as of March 31, 2025 | — | 14 |
| Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 191,001,519 shares issued and outstanding as of September 30, 2025; and no shares authorized, issued and outstanding as of March 31, 2025 | 1,910 | — |
| Additional paid-in capital | 1,968,556 | 1,562,204 |
| Accumulated deficit | (1,175,414) | (1,281,200) |
| Accumulated other comprehensive income (loss) | (460) | (2,426) |
| Total stockholders' equity (deficit) | 794,592 | 280,244 |
| Total liabilities and stockholders' equity (deficit) | $6,045,389 | $5,757,760 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.