Houghton mifflin harcourt co (HMHC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Net sales

189,925

241,475

565,668

388,896

194,635

249,038

516,255

357,365

199,759

195,855

516,206

393,051

221,917

161,099

533,021

392,042

205,816

298,000

575,507

379,883

162,669

265,485

551,008

401,890

153,933

298,877

550,190

362,951

166,594

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

90,012

134,695

246,527

190,831

96,055

119,928

201,748

160,058

99,733

103,236

202,053

175,693

107,536

93,156

206,177

173,466

105,518

137,531

220,492

168,076

96,569

123,887

205,395

166,796

92,648

124,493

214,750

158,756

87,060

Publishing rights amortization

5,825

6,340

6,341

6,271

7,605

8,237

8,238

8,148

10,090

10,986

10,987

10,867

13,398

14,572

14,573

14,413

17,793

19,358

19,358

19,148

23,143

25,049

25,048

24,776

30,751

17,388

36,200

35,800

50,200

Pre-publication amortization

30,638

41,375

39,319

35,739

33,082

29,210

28,094

26,332

25,621

30,460

32,113

29,758

27,577

28,367

33,903

31,315

28,281

33,697

32,437

27,909

26,463

35,193

33,463

32,063

28,974

33,247

31,815

30,496

26,157

Cost of sales

126,475

182,410

292,187

232,841

136,742

157,375

238,080

194,538

135,444

144,682

245,153

216,318

148,511

136,095

254,653

219,194

151,592

190,586

272,287

215,133

146,175

184,129

263,906

223,635

152,373

191,240

280,066

222,389

152,667

Selling and administrative

133,353

146,400

188,957

175,266

151,983

158,243

176,202

169,323

145,527

139,247

173,690

167,037

156,352

142,764

185,252

184,479

168,675

175,585

191,843

170,687

143,009

155,501

167,741

152,283

137,010

160,592

156,592

133,467

130,236

Other intangible asset amortization

6,273

5,791

6,383

6,612

6,524

6,695

6,696

6,676

6,866

6,171

6,873

8,128

8,076

8,251

5,980

5,968

6,176

7,304

7,255

4,261

3,218

3,189

3,029

3,007

2,945

2,881

2,654

2,681

10,752

Impairment charge for goodwill

262,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charge for pre-publication costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,279

-

-

-

8,500

-

Restructuring/severance and other charges

-

-

-

-

1,221

-

3,077

-

-

-1,161

1,845

33,393

3,875

-

-

-

-

-

1,563

985

1,057

2,000

181

3,362

1,757

3,216

3,343

1,553

1,928

Severance and other charges

-

-

270

4,430

-

-

362

2,075

3,943

-

272

213

1,206

6,476

3,765

3,553

1,577

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

585

0

500

-884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating loss

-338,176

-108,947

77,871

-30,253

-101,835

-74,711

91,838

-14,747

-92,905

-95,373

88,373

-32,038

-96,103

-262,692

83,371

-21,152

-122,204

-76,637

102,559

-11,183

-130,790

-79,734

116,151

18,324

-140,152

-59,552

107,535

-5,639

-128,989

Other income (expense)
Retirement benefits non-service income

-61

-42

-41

-42

-42

-320

-320

-320

-320

-

-871

-872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

16,783

13,636

11,597

11,963

11,582

11,645

11,627

11,472

10,936

10,825

10,980

10,547

10,453

10,953

9,493

9,402

9,333

9,944

10,196

6,160

5,954

4,891

4,662

4,395

4,297

4,718

5,041

5,678

5,907

Interest income

766

1,459

509

97

1,092

1,650

277

117

506

697

281

115

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-380

272

-737

16

-450

-400

-249

-1,097

372

93

377

851

45

-1,036

257

-619

784

-469

-42

369

-2,220

-33

-1,252

-205

-103

-23

250

51

-530

Income from transition services agreement

-

0

571

1,851

1,826

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-878

-2,173

-

-

-

-

-

-

-

-598

-

Loss before taxes

-354,512

-125,173

66,658

-40,210

-110,907

-82,897

80,559

-26,879

-102,643

-103,665

78,922

-40,747

-106,266

-269,910

74,135

-31,173

-130,753

-86,841

91,443

-19,147

-138,964

-84,658

110,237

13,724

-144,552

-64,293

102,744

-11,864

-135,426

Income tax (benefit) expense

-8,539

-55

-2,602

403

6,455

3,493

-3,349

2,210

3,243

-62,217

-9,714

6,120

14,392

-67,282

-15,887

-2,782

34,395

10,426

-39,638

-11,404

20,976

-924

3,207

2,176

1,783

358

-2,368

2,402

1,955

Loss from continuing operations

-

-

69,260

-40,613

-

-86,390

83,908

-29,089

-105,886

-

88,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

30,469

2,441

5,817

4,575

-

1,870

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-345,973

-125,118

69,260

-40,613

-117,362

-55,921

86,349

-23,272

-101,311

-26,168

90,506

-46,867

-120,658

-181,041

90,022

-28,391

-165,148

-97,267

131,081

-7,743

-159,940

-83,734

107,030

11,548

-146,335

-64,651

105,112

-14,266

-137,381

Net loss per share attributable to common stockholders
Continuing operations

-

-

0.56

-0.33

-

-0.69

0.68

-0.24

-0.86

-

0.72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

0.24

0.02

0.05

0.04

-

0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-2.77

-1.00

0.56

-0.33

-0.95

-0.45

0.70

-0.19

-0.82

-0.22

0.74

-0.38

-0.98

-1.49

0.74

-0.23

-1.34

-0.77

0.97

-0.06

-1.12

-0.58

0.76

0.08

-1.05

-0.36

0.75

-0.20

-0.98

Continuing operations

-

-

0.55

-

-

-

0.68

-

-

-

0.72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

0.02

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding
Basic

-

-

124,315

-

-

-

123,553

-

123,222

-

123,038

122,919

122,777

122,620

122,011

122,143

122,897

129,544

135,169

139,961

142,364

141,578

140,742

140,074

139,982

-

139,919

69,960

-

Diluted

-

-

124,807

-

-

-

123,870

-

123,222

-

123,243

122,919

122,777

121,614

123,017

122,143

122,897

124,900

139,813

139,961

142,364

135,787

143,583

143,025

139,982

-

140,357

69,960

-

Basic and diluted

124,688

-

-

124,147

123,798

-

-

123,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139,917