SCHOLASTIC CORPORATION SCHL Cash Flow

Scholastic corporation (SCHL)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09
Cash flows - operating activities:
Net income (loss)
-43,300	71,000	-58,500	17,900	-12,600	71,600	-61,300	50,800	-49,200	57,100	-63,700	39,400	-15,400	67,900	-39,600	34,000	-9,000	64,900	-49,400	-34,100	28,100	-12,100	58,300	-29,900	21,500	-20,100	61,800	-32,100	57,000	-10,300	82,800	-27,100	24,800	-25,100	74,900	-35,200	29,200	-5,600	55,500	-23,000
Earnings (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-200	100	0	-100	-900	-1,800	-300	-500	19,800	30,900	0	0	200	27,600	-200	-800	-400	-2,800	-400	-500	-2,000	-1,300	-1,100	-2,200	-1,300	-3,900	-1,300	-1,300	1,600
Earnings (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	39,600	-15,500	67,900	-39,500	34,900	-7,200	65,200	-48,900	-53,900	-2,800	-12,100	58,300	-30,100	-6,100	-19,900	62,600	-31,700	59,800	-9,900	83,300	-25,100	26,100	-24,000	77,100	-33,900	33,100	-4,300	56,800	-24,600
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable
3,000	2,700	1,600	1,300	1,600	2,700	1,400	1,600	1,700	4,300	1,900	1,700	1,600	4,800	2,900	3,400	3,100	4,300	1,500	1,900	900	2,500	2,500	1,400	1,900	-600	4,000	500	4,500	3,100	3,300	1,400	1,000	6,700	3,000	2,900	100	2,900	4,500	2,000
Provision for losses on inventory
5,800	3,800	4,100	8,600	4,500	4,700	3,000	6,900	4,300	3,700	3,500	7,300	1,300	3,300	4,100	-1,500	4,400	5,100	4,000	5,000	7,000	6,600	5,300	4,800	9,500	5,400	5,900	5,400	30,100	6,400	5,700	5,900	8,900	6,400	5,700	6,300	7,000	6,400	8,100	5,700
Provision for losses on royalty advances
1,400	1,300	1,100	3,800	1,000	1,000	1,000	800	1,100	1,100	1,100	1,000	1,100	1,100	1,100	1,500	900	800	900	900	3,500	1,000	1,000	1,000	1,000	1,300	1,300	1,300	2,200	2,000	1,100	1,200	1,200	1,600	300	1,400	1,700	1,100	2,500	1,500
Amortization of prepublication and production costs
6,700	6,600	6,400	5,800	5,900	5,500	5,200	5,400	5,500	5,400	5,500	6,100	5,500	5,900	5,800	5,800	6,800	7,000	6,800	7,200	-10,400	15,400	14,600	13,300	-9,900	12,700	12,000	11,800	18,700	12,000	12,500	11,900	15,800	10,800	12,400	12,100	14,400	12,300	12,200	12,100
Depreciation and amortization
16,000	16,000	16,100	15,600	14,600	15,100	14,000	12,000	11,700	10,500	10,000	10,200	9,600	9,700	9,600	8,700	9,300	10,700	10,600	13,200	14,400	14,600	16,300	16,300	16,500	17,200	17,700	16,100	22,200	16,000	15,500	15,100	16,700	14,500	14,500	14,400	15,800	14,200	14,800	14,700
Amortization of pension and postretirement actuarial gains and losses
-300	-200	-200	-200	-100	-200	-200	-400	-600	-600	-600	1,000	-1,000	-1,100	-1,000	-1,100	-1,100	-1,200	-1,000	-700	-	-	-	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
100	-400	100	-700	-2,300	-300	0	-23,200	9,300	5,900	300	-15,600	700	-300	-300	-19,500	400	200	100	-300	-	-	-	0	-	-	-	-	-	-	-	-	1,600	200	0	1,000	-26,200	300	17,100	-20,600
Stock-based compensation
700	900	1,500	1,500	1,600	3,700	1,500	1,600	1,600	6,000	1,500	1,400	1,600	5,500	1,600	1,600	1,600	5,100	1,400	1,600	600	1,100	5,600	1,100	300	1,000	2,200	2,000	2,200	2,200	5,600	2,200	2,600	2,700	3,100	5,300	-	-	-	-
Income from equity investments
600	2,000	1,000	200	1,200	2,500	2,000	1,100	1,000	1,500	1,200	400	0	3,100	1,800	500	600	1,200	1,200	700	-	-	-	700	-	-	-	500	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of amounts acquired:
Non cash write off related to asset impairments
-	-	-	-	-	-	-	200	4,300	0	6,700	6,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	1,300	400	-	-	-	-	-	-	-	-
Accounts receivable
-39,400	99,800	-21,500	-76,000	-59,600	156,700	-9,200	21,500	-76,500	120,900	-53,000	27,500	-108,900	67,300	29,300	10,400	-60,400	109,200	-40,500	-54,400	42,700	-77,100	76,000	1,100	29,900	-76,600	64,400	-106,200	51,100	-18,400	78,000	-2,000	26,200	-89,100	74,500	1,000	27,200	-95,300	58,000	32,500
Inventories
-5,300	-43,800	85,300	-28,100	-4,900	-31,800	114,600	-54,600	3,700	-26,000	104,300	-61,700	3,400	-21,100	108,800	-65,400	7,100	-30,300	116,400	124,800	-58,400	1,500	-28,800	105,000	-58,000	3,700	-34,900	102,900	-66,800	23,700	-37,800	121,300	-59,100	8,800	-60,100	120,200	-50,800	8,000	-55,800	94,900
Prepaid expenses and other current assets
24,800	-17,000	28,100	-40,000	7,700	-6,900	23,700	-35,700	41,300	-14,100	30,600	-29,500	8,900	-53,700	49,400	-6,700	21,800	-52,300	71,600	52,000	-31,400	20,000	-53,700	40,700	-13,300	26,200	-43,700	45,000	-28,300	10,100	-16,200	24,300	-40,400	29,400	-11,800	22,200	-7,000	6,600	-14,100	11,500
Income tax receivable
-	-31,000	29,100	-	-	-29,200	22,100	-	-	-29,400	37,100	-	-	-	-	-	200	-3,100	6,500	6,100	-2,600	300	-3,000	5,500	-2,400	-300	-3,300	5,700	-1,700	-100	-2,500	4,300	-2,100	400	-4,400	6,000	-1,500	-2,800	-2,300	5,800
Royalty advances
1,800	3,500	3,800	-900	4,400	2,800	3,500	-4,500	4,800	5,000	1,700	-6,000	6,700	-900	2,500	2,500	2,200	2,600	1,800	1,900	2,200	600	3,000	1,800	1,300	800	3,400	1,700	400	1,700	3,800	300	-600	-100	800	1,100	-100	200	2,600	1,000
Accounts payable
4,500	-36,800	32,200	-17,600	-33,300	12,200	50,500	-17,500	-7,800	19,300	51,900	-58,800	-23,300	6,400	69,700	-54,200	-4,600	-6,100	52,200	82,300	-13,500	-36,300	-12,400	52,500	-2,800	-49,200	-4,100	90,100	-38,600	13,000	-35,400	60,700	-38,600	100	-17,500	75,100	-24,000	-7,600	-34,100	38,700
Other accrued expenses
-	-	-	-	-	-	-	12,700	-11,400	21,400	-25,800	16,700	-17,200	27,900	-24,300	21,700	-9,400	22,100	-31,600	-28,700	16,700	-11,500	20,400	-18,300	11,600	-19,500	7,500	-46,900	26,500	-16,900	73,400	-18,300	7,300	-900	42,800	-33,300	-8,500	-14,800	23,600	20,100
Returns liability
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued income taxes
2,400	700	-800	-1,100	-100	1,300	-1,000	700	-1,400	700	-1,100	100	-1,400	2,100	400	-3,600	-700	400	-151,300	-13,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued royalties
22,900	-9,000	21,700	-34,600	18,300	2,000	22,200	-28,400	16,100	-5,000	17,000	-53,400	15,900	5,500	34,900	-21,600	16,300	-2,800	13,300	12,200	-18,900	12,000	-3,900	11,300	-30,200	14,000	-56,700	15,800	9,100	33,200	-1,400	17,300	-26,900	12,800	-8,000	13,800	-18,100	12,800	-9,300	15,000
Deferred revenue
-32,100	47,800	11,800	-23,800	-32,900	57,100	19,700	-31,600	-25,700	37,300	20,200	-31,600	-26,100	36,800	21,700	-29,400	-21,900	32,600	20,900	16,800	-33,400	-28,500	29,600	34,000	-31,400	-23,600	32,700	25,100	-27,100	-17,800	16,400	26,800	-17,100	-15,800	21,700	19,900	-19,100	-14,600	18,000	21,300
Other assets and liabilities
14,300	-20,600	9,300	-	-10,500	-45,800	-11,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100
Pension and postretirement obligations
-	-	-	-	-	-	-	-400	4,800	-7,100	-1,600	400	-2,600	-1,500	-1,600	1,800	-1,300	-1,300	-1,300	-1,400	-7,300	-2,300	-2,500	-4,100	-9,500	-3,100	-5,000	-3,200	-1,000	-3,200	-2,100	-700	-5,900	-1,100	-1,400	-2,900	4,400	-1,200	-3,900	-2,900
Other noncurrent liabilities
-	-	-	-	-	-	-	-2,700	-300	1,500	400	-1,800	-500	-1,300	-100	9,400	-7,200	-1,600	-200	-300	300	-27,600	-800	-1,300	1,000	-2,000	-1,700	-900	-	-	-500	-400	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	2,600	1,700	-600	-1,100	1,600	2,500	400	-300	-6,300	1,600	-1,700	4,700	1,100	500	5,400	-600	-900	3,700	-900	-2,300	1,600	-200	-300	-1,700	-1,000	-1,300	-5,900	1,100	-1,000	-	-	-	-
Total adjustments
-	-	-	-	-	-	-	25,800	85,700	63,700	-28,700	-11,800	54,600	111,900	-65,000	38,900	32,600	49,900	-233,400	-34,800	22,800	15,900	94,100	-40,900	23,200	800	31,200	65,900	67,800	34,900	75,400	-24,500	49,200	94,500	76,500	-33,500	42,500	100,800	38,700	32,500
Net cash provided by (used in) operating activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	27,800	39,100	179,800	-104,500	73,800	25,400	115,100	-282,300	-88,700	20,000	3,800	152,400	-71,000	17,100	-19,100	93,800	34,200	127,600	25,000	158,700	-49,600	75,300	70,500	153,600	-67,400	75,600	96,500	160,500	-57,100
Net cash provided by (used in) operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	200	100	-100	-1,000	-1,100	1,000	-1,400	-9,400	32,900	51,500	0	-100	200	64,300	-600	-600	0	-200	0	-1,600	300	-1,800	900	3,000	-5,700	-	-	-	-
Net cash provided by (used in) operating activities
29,700	111,900	-97,600	55,900	21,000	128,500	-89,000	76,600	36,500	120,800	-92,400	28,000	39,200	179,700	-105,500	72,700	26,400	113,700	-291,700	-55,800	71,500	3,800	152,300	-70,800	81,400	-19,700	93,200	34,200	127,400	25,000	157,100	-49,300	73,500	71,400	156,600	-73,100	74,900	95,100	161,400	-55,600
Cash flows - investing activities:
Prepublication and production expenditures
7,100	7,000	7,400	5,800	11,700	11,800	8,800	13,700	7,700	8,800	5,900	7,900	6,000	6,300	6,700	7,000	6,800	5,500	5,900	8,000	-11,400	15,500	16,100	15,700	-17,900	18,700	16,900	15,700	19,100	14,300	13,900	11,500	19,500	15,000	12,600	10,800	15,800	11,000	11,400	10,700
Additions to property, plant and equipment
17,700	17,200	13,500	24,000	19,700	23,200	28,100	29,100	38,400	21,300	32,700	29,600	16,600	9,300	10,200	13,600	10,000	6,400	5,600	7,200	7,100	5,300	6,800	7,300	12,000	12,900	15,600	13,600	20,700	12,200	13,600	7,200	18,600	7,200	11,200	13,000	26,900	11,200	8,700	8,500
Acquisition of land
0	0	3,300	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investment and acquisition-related payments
1,200	-100	100	18,000	-100	100	500	2,400	1,800	0	200	9,700	0	0	400	0	0	3,200	500	600	-	-	-	-	-	-	-	-	-	-	-	-	900	0	8,200	1,000	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	-300	-2,000	1,000	-900	200	0	-100	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-47,200	-22,600	-15,600	-17,300	-20,600	-16,800	-11,800	-12,000	-15,800	5,300	-274,700	-21,600	-24,000	6,500	-31,600	-32,500	-29,400	-43,200	-31,800	-27,500	-18,700	-	-	-	-	-	-	-19,900	-19,200
Changes in restricted cash held in escrow for discontinued assets
-	-	-	-	-	-	-	-	-	-	-	0	0	-5,000	-4,900	-7,400	-7,400	-7,300	-2,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other cash provided by (used in) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,900	-	-	-	-	-35,600	-200	-300	-900	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500
Net cash provided by (used in) investing activities
-26,000	-24,100	-24,300	-43,500	-31,300	-35,100	-37,400	-45,200	-47,900	-30,100	-38,800	-47,200	-22,600	-10,600	-12,400	-13,200	-12,300	-4,500	-9,500	-21,700	-	-	-21,600	-24,000	-29,100	-31,800	-32,800	-30,300	-43,300	-31,800	-27,500	-18,700	-39,000	-21,000	-56,300	-24,800	-42,700	-23,200	-19,900	-19,200
Net borrowings under credit agreement and revolving loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,000	-	-	-	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	39,500	10,700	10,700	10,700	10,700	10,700	10,700	10,700	10,700	10,700
Repayment of 5.00% notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,100
Borrowings under lines of credit
2,200	12,200	8,100	10,300	19,200	17,700	11,600	4,500	1,900	18,400	20,100	2,400	1,100	12,400	12,400	3,100	3,400	23,500	9,000	59,700	47,400	27,000	98,000	35,000	1,900	2,500	13,800	5,000	10,400	26,800	33,500	18,500	26,300	13,700	66,000	12,600	22,000	30,500	63,800	40,700
Repayments of lines of credit
5,500	12,300	1,900	13,500	23,400	19,600	3,600	4,200	5,400	18,800	13,600	2,100	3,800	16,700	5,900	3,400	6,900	16,900	9,300	61,500	36,400	31,600	102,600	22,900	1,600	1,500	13,600	10,800	15,600	20,000	35,400	9,600	33,600	14,800	67,200	12,600	26,200	33,400	64,900	34,500
Repayment of capital lease obligations
600	500	400	500	400	400	300	400	300	300	300	300	200	300	300	300	200	200	100	0	0	0	100	100	200	300	200	300	200	300	100	100	100	100	1,500	300	800	800	900	900
Reacquisition of common stock
12,600	7,000	12,600	6,500	2,000	0	0	3,500	10,500	9,100	4,200	900	0	6,000	0	-	-	-	-	-	0	0	5,800	400	-	-	-	-	-	-	-	-	0	1,200	156,000	9,700	9,300	500	0	1,000
Proceeds pursuant to stock-based compensation plans
400	300	0	200	600	2,500	2,700	6,900	5,500	600	2,800	7,000	10,800	2,400	5,200	11,100	500	3,600	30,100	12,600	1,200	8,600	100	1,300	1,900	700	8,500	2,800	18,900	100	2,100	1,300	-	-	-	-	-	-	-	5,500
Payment of dividends
5,200	5,200	5,300	5,300	5,200	5,400	5,200	5,300	5,200	5,300	5,300	5,200	5,200	5,200	5,200	5,100	5,200	5,200	5,000	4,800	4,900	4,700	4,200	4,000	4,000	4,000	3,900	4,000	3,900	3,100	3,100	3,100	3,100	2,300	2,700	2,700	2,700	2,700	2,800	2,700
Net collections (remittances) under transition services agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,400	-3,800	16,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-200	-	-	-	0	200	-300	-100	-800	500	-600	0	-400	-4,500	0	500	3,900	1,000	100	1,400	0	100	300	-300	-1,200	600	-1,900	1,300	-300	-300	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	-47,800	-4,000	-	-	-172,000	-23,400	-	-	-16,000	-13,200
Net cash provided by (used in) financing activities
-17,600	-9,800	-12,300	-15,800	-9,900	-5,200	5,200	-1,800	-14,300	-14,600	-1,300	1,400	2,100	-13,400	5,800	-12,200	-22,600	1,500	45,300	72,000	-47,600	175,700	-29,600	24,000	-160,700	-8,600	3,300	-6,700	200	4,200	-47,800	-4,000	-21,000	-14,100	-172,000	-23,400	-27,800	-13,900	-16,000	-13,200
Effect of exchange rate changes on cash and cash equivalents
-100	400	-500	-600	200	100	-900	-300	500	-200	300	100	200	-400	0	500	-500	-100	-600	0	400	0	300	-800	-900	-500	500	1,000	-1,200	400	-1,500	400	1,100	0	1,900	1,400	800	2,600	-1,400	-1,400
Net increase (decrease) in cash and cash equivalents
-14,000	78,400	-134,700	-4,000	-20,000	88,300	-122,100	29,300	-25,200	75,900	-132,200	-17,700	18,900	155,300	-112,100	47,800	-9,000	110,600	-256,500	-5,500	-1,100	-95,200	101,400	-71,600	-109,300	-60,600	64,200	-1,800	83,100	-2,200	80,300	-71,600	14,600	36,300	-69,800	-119,900	5,200	60,600	124,100	-89,400