Houghton mifflin harcourt co (HMHC)
Income statement / TTM
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

1,385,964

1,390,674

1,398,237

1,348,824

1,317,293

1,322,417

1,269,234

1,269,185

1,304,871

1,327,029

1,292,273

1,309,088

1,308,079

1,291,978

1,428,879

1,471,365

1,459,206

1,416,059

1,383,544

1,359,045

1,381,052

1,372,316

1,405,708

1,404,890

1,365,951

1,378,612

0

0

0

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

662,065

668,108

653,341

608,562

577,789

581,467

564,775

565,080

580,715

588,518

578,438

582,562

580,335

578,317

622,692

637,007

631,617

622,668

609,024

593,927

592,647

588,726

589,332

598,687

590,647

585,059

0

0

0

Publishing rights amortization

24,777

26,557

28,454

30,351

32,228

34,713

37,462

40,211

42,930

46,238

49,824

53,410

56,956

61,351

66,137

70,922

75,657

81,007

86,698

92,388

98,016

105,624

97,963

109,115

120,139

139,588

0

0

0

Pre-publication amortization

147,071

149,515

137,350

126,125

116,718

109,257

110,507

114,526

117,952

119,908

117,815

119,605

121,162

121,866

127,196

125,730

122,324

120,506

122,002

123,028

127,182

129,693

127,747

126,099

124,532

121,715

0

0

0

Cost of sales

833,913

844,180

819,145

765,038

726,735

725,437

712,744

719,817

741,597

754,664

746,077

755,577

758,453

761,534

816,025

833,659

829,598

824,181

817,724

809,343

817,845

824,043

831,154

847,314

846,068

846,362

0

0

0

Selling and administrative

643,976

662,606

674,449

661,694

655,751

649,295

630,299

627,787

625,501

636,326

639,843

651,405

668,847

681,170

713,991

720,582

706,790

681,124

661,040

636,938

618,534

612,535

617,626

606,477

587,661

580,887

0

0

0

Other intangible asset amortization

25,059

25,310

26,214

26,527

26,591

26,933

26,409

26,586

28,038

29,248

31,328

30,435

28,275

26,375

25,428

26,703

24,996

22,038

17,923

13,697

12,443

12,170

11,862

11,487

11,161

18,968

0

0

0

Impairment charge for goodwill

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charge for pre-publication costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

Restructuring/severance and other charges

-

-

-

-

0

-

0

-

-

37,952

0

0

0

-

-

-

-

-

5,605

4,223

6,600

7,300

8,516

11,678

9,869

10,040

0

0

0

Severance and other charges

-

-

6,362

6,454

-

-

4,866

4,776

2,914

-

8,167

11,660

15,000

15,371

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

201

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating loss

-399,505

-163,164

-128,928

-114,961

-99,455

-90,525

-111,187

-114,652

-131,943

-135,141

-302,460

-307,462

-296,576

-322,677

-136,622

-117,434

-107,465

-116,051

-119,148

-105,556

-76,049

-85,411

-65,229

-73,845

-97,808

-86,645

0

0

0

Other income (expense)
Retirement benefits non-service income

-186

-167

-445

-724

-1,002

-1,280

-1,831

-2,383

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

53,979

48,778

46,787

46,817

46,326

45,680

44,860

44,213

43,288

42,805

42,933

41,446

40,301

39,181

38,172

38,875

35,633

32,254

27,201

21,667

19,902

18,245

18,072

18,451

19,734

21,344

0

0

0

Interest income

2,831

3,157

3,348

3,116

3,136

2,550

1,597

1,601

1,599

1,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-829

-899

-1,571

-1,083

-2,196

-1,374

-881

-255

1,693

1,366

237

117

-1,353

-614

-47

-346

642

-2,362

-1,926

-3,136

-3,710

-1,593

-1,583

-81

175

-252

0

0

0

Income from transition services agreement

-

4,248

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

0

-

Loss before taxes

-453,237

-209,632

-167,356

-153,455

-140,124

-131,860

-152,628

-154,265

-168,133

-171,756

-338,001

-342,788

-333,214

-357,701

-174,632

-157,324

-145,298

-153,509

-151,326

-132,532

-99,661

-105,249

-84,884

-92,377

-117,965

-108,839

0

0

0

Income tax (benefit) expense

-10,793

4,201

7,749

7,002

8,809

5,597

-60,113

-66,478

-62,568

-51,419

-56,484

-62,657

-71,559

-51,556

26,152

2,401

-6,221

-19,640

-30,990

11,855

25,435

6,242

7,524

1,949

2,175

2,347

0

0

0

Loss from continuing operations

-

-

-175,105

-160,457

-

-137,457

37,569

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

43,302

14,703

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-442,444

-213,833

-144,636

-127,547

-110,206

-94,155

-64,402

-60,245

-83,840

-103,187

-258,060

-258,544

-240,068

-284,558

-200,784

-159,725

-139,077

-133,869

-120,336

-144,387

-125,096

-111,491

-92,408

-94,326

-120,140

-111,186

0

0

0

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