Houghton mifflin harcourt co (HMHC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Net sales

1,390,674

1,322,417

1,327,029

1,291,978

1,416,059

1,372,316

1,378,612

1,285,641

Costs and expenses
Cost of sales, excluding publishing rights and pre-publication amortization

668,108

581,467

588,518

578,317

622,668

588,726

585,059

515,948

Publishing rights amortization

26,557

34,713

46,238

61,351

81,007

105,624

139,588

-

Pre-publication amortization

149,515

109,257

119,908

121,866

120,506

129,693

121,715

137,729

Cost of sales

844,180

725,437

754,664

761,534

824,181

824,043

846,362

831,424

Selling and administrative

662,606

649,295

636,326

681,170

681,124

612,535

580,887

533,462

Other intangible asset amortization

25,310

26,933

29,248

26,375

22,038

12,170

18,968

54,815

Impairment charge for pre-publication costs

-

13,099

3,980

130,205

-

1,679

9,000

8,003

Restructuring/severance and other charges

21,742

11,478

37,952

0

-

7,300

10,040

9,375

Severance and other charges

-

-

-

15,371

4,767

-

-

-

Gain on sale of assets

-

201

-

-

-

-

-

-

Gain on bargain purchase

-

-

-

-

-

-

-

30,751

Operating loss

-163,164

-90,525

-135,141

-322,677

-116,051

-85,411

-86,645

-120,687

Other income (expense)
Retirement benefits non-service income

-167

-1,280

-3,486

-4,253

-

-

-

-

Interest expense

48,778

45,680

42,805

39,181

32,254

18,245

21,344

123,197

Interest income

3,157

2,550

1,338

518

209

-

-

-

Change in fair value of derivative instruments

-899

-1,374

1,366

-614

-2,362

-1,593

-252

1,688

Income from transition services agreement

4,248

1,889

-

-

-

-

-

-

Loss on extinguishment of debt

-4,363

-

-

-

-3,051

-

-598

-

Loss before taxes

-209,632

-131,860

-171,756

-357,701

-153,509

-105,249

-108,839

-242,196

Reorganization items, net

-

-

-

-

-

-

-

-149,114

Income tax (benefit) expense

4,201

5,597

-51,419

-51,556

-19,640

6,242

2,347

-5,943

Loss from continuing operations

-213,833

-137,457

-120,337

-306,145

-

-

-

-

Earnings from discontinued operations, net of tax

-

12,833

17,150

21,587

-

-

-

-

Gain on sale of discontinued operations, net of tax

-

30,469

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

43,302

17,150

21,587

-

-

-

-

Net loss

-213,833

-94,155

-103,187

-284,558

-133,869

-111,491

-111,186

-87,139

Net loss per share attributable to common stockholders
Continuing operations

-1.72

-1.11

-0.98

-2.50

-

-

-

-

Discontinued operations

-

0.35

0.14

0.18

-

-

-

-

Net loss

-1.72

-0.76

-0.84

-2.32

-0.98

-0.79

-0.79

-0.26

Weighted average shares outstanding
Basic

-

-

-

122,418

136,760

140,594

139,928

340,918

Diluted

-

-

-

122,418

136,760

140,594

139,928

340,918

Basic and diluted

124,152

123,444

122,949

-

-

-

-

-