SCHOLASTIC CORPORATION SCHL Cash Flow

Scholastic corporation (SCHL)

CashFlow / TTM

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)
-12,900	17,800	18,400	15,600	48,500	11,900	-2,600	-5,000	-16,400	17,400	28,200	52,300	46,900	53,300	50,300	40,500	0	0	0	40,200	44,400	37,800	29,800	33,300	31,100	66,600	76,400	97,400	102,400	70,200	55,400	47,500	39,400	43,800	63,300	43,900	56,100	0	0	0
Earnings (loss) from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-200	-900	-2,800	-3,100	-3,500	0	0	0	50,700	31,100	27,800	27,600	26,800	26,200	-4,200	-4,400	-4,100	-5,700	-4,200	-4,900	-6,600	-5,900	-8,500	-8,700	-7,800	-4,900	0	0	0
Earnings (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	52,500	47,800	56,100	53,400	44,000	0	0	0	-10,500	13,300	10,000	2,200	6,500	4,900	70,800	80,800	101,500	108,100	74,400	60,300	54,100	45,300	52,300	72,000	51,700	61,000	0	0	0
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable
8,600	7,200	7,200	7,000	7,300	7,400	9,000	9,500	9,600	9,500	10,000	11,000	12,700	14,200	13,700	12,300	0	0	0	7,800	7,300	8,300	5,200	6,700	5,800	8,400	12,100	11,400	12,300	8,800	12,400	12,100	13,600	12,700	8,900	10,400	9,500	0	0	0
Provision for losses on inventory
22,300	21,000	21,900	20,800	19,100	18,900	17,900	18,400	18,800	15,800	15,400	16,000	7,200	10,300	12,100	12,000	0	0	0	23,900	23,700	26,200	25,000	25,600	26,200	46,800	47,800	47,600	48,100	26,900	26,900	26,900	27,300	25,400	25,400	27,800	27,200	0	0	0
Provision for losses on royalty advances
7,600	7,200	6,900	6,800	3,800	3,900	4,000	4,100	4,300	4,300	4,300	4,300	4,800	4,600	4,300	4,100	0	0	0	6,400	6,500	4,000	4,300	4,600	4,900	6,100	6,800	6,600	6,500	5,500	5,100	4,300	4,500	5,000	4,500	6,700	6,800	0	0	0
Amortization of prepublication and production costs
25,500	24,700	23,600	22,400	22,000	21,600	21,500	21,800	22,500	22,500	23,000	23,300	23,000	24,300	25,400	26,400	0	0	0	26,800	32,900	33,400	30,700	28,100	26,600	55,200	54,500	55,000	55,100	52,200	51,000	50,900	51,100	49,700	51,200	51,000	51,000	0	0	0
Depreciation and amortization
63,700	62,300	61,400	59,300	55,700	52,800	48,200	44,200	42,400	40,300	39,500	39,100	37,600	37,300	38,300	39,300	0	0	0	58,500	61,600	63,700	66,300	67,700	67,500	73,200	72,000	69,800	68,800	63,300	61,800	60,800	60,100	59,200	58,900	59,200	59,500	0	0	0
Amortization of pension and postretirement actuarial gains and losses
-900	-700	-700	-700	-900	-1,400	-1,800	-2,200	-800	-1,200	-1,700	-2,100	-4,200	-4,300	-4,400	-4,400	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-900	-3,300	-3,200	-3,300	-25,800	-14,200	-8,000	-7,700	-100	-8,700	-14,900	-15,500	-19,400	-19,700	-19,200	-18,800	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	2,800	-25,000	-24,900	-7,800	-29,400	0	0	0
Stock-based compensation
4,600	5,500	8,300	8,300	8,400	8,400	10,700	10,700	10,500	10,500	10,000	10,100	10,300	10,300	9,900	9,700	0	0	0	8,900	8,400	8,100	8,000	4,600	5,500	7,400	8,600	12,000	12,200	12,600	13,100	10,600	13,700	0	0	0	-	-	-	-
Income from equity investments
3,800	4,400	4,900	5,900	6,800	6,600	5,600	4,800	4,100	3,100	4,700	5,300	5,400	6,000	4,100	3,500	0	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of amounts acquired:
Non cash write off related to asset impairments
-	-	-	-	-	-	-	11,200	17,800	13,500	13,500	6,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Accounts receivable
-37,100	-57,300	-400	11,900	109,400	92,500	56,700	12,900	18,900	-13,500	-67,100	15,200	-1,900	46,600	88,500	18,700	0	0	0	-12,800	42,700	29,900	30,400	18,800	-88,500	-67,300	-9,100	4,500	108,700	83,800	13,100	9,600	12,600	13,600	7,400	-9,100	22,400	0	0	0
Inventories
8,100	8,500	20,500	49,800	23,300	31,900	37,700	27,400	20,300	20,000	24,900	29,400	25,700	29,400	20,200	27,800	0	0	0	39,100	19,300	19,700	21,900	15,800	13,700	4,900	24,900	22,000	40,400	48,100	33,200	10,900	9,800	18,100	17,300	21,600	-3,700	0	0	0
Prepaid expenses and other current assets
-4,100	-21,200	-11,100	-15,500	-11,200	22,400	15,200	22,100	28,300	-4,100	-43,700	-24,900	-2,100	10,800	12,200	34,400	0	0	0	-13,100	-24,400	-6,300	-100	9,900	14,200	-800	-16,900	10,600	-10,100	-22,200	-2,900	1,500	-600	32,800	10,000	7,700	-3,000	0	0	0
Income tax receivable
-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	0	0	0	800	200	400	-200	-500	-300	400	600	1,400	0	-400	100	-1,800	-100	500	-2,700	-600	-800	0	0	0
Royalty advances
8,200	10,800	10,100	9,800	6,200	6,600	8,800	7,000	5,500	7,400	1,500	2,300	10,800	6,300	9,800	9,100	0	0	0	7,700	7,600	6,700	6,900	7,300	7,200	6,300	7,200	7,600	6,200	5,200	3,400	400	1,200	1,700	2,000	3,800	3,700	0	0	0
Accounts payable
-17,700	-55,500	-6,500	11,800	11,900	37,400	44,500	45,900	4,600	-10,900	-23,800	-6,000	-1,400	17,300	4,800	-12,700	0	0	0	20,100	-9,700	1,000	-11,900	-3,600	34,000	-1,800	60,400	29,100	-300	-300	-13,200	4,700	19,100	33,700	26,000	9,400	-27,000	0	0	0
Other accrued expenses
-	-	-	-	-	-	-	-3,100	900	-4,900	1,600	3,100	8,100	15,900	10,100	2,800	0	0	0	-3,100	7,300	2,200	-5,800	-18,700	-47,300	-32,400	-29,800	36,100	64,700	45,500	61,500	30,900	15,900	100	-13,800	-33,000	20,400	0	0	0
Returns liability
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued income taxes
1,200	-1,300	-700	-900	900	-400	-1,000	-1,100	-1,700	-1,700	-300	1,200	-2,500	-1,800	-3,500	-155,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued royalties
1,000	-3,600	7,400	7,900	14,100	11,900	4,900	-300	-25,300	-25,500	-15,000	2,900	34,700	35,100	26,800	5,200	0	0	0	1,400	500	-10,800	-8,800	-61,600	-57,100	-17,800	1,400	56,700	58,200	22,200	1,800	-4,800	-8,300	500	500	-800	400	0	0	0
Deferred revenue
3,700	2,900	12,200	20,100	12,300	19,500	-300	200	200	-200	-700	800	3,000	7,200	3,000	2,200	0	0	0	-15,500	1,700	3,700	8,600	11,700	2,800	7,100	12,900	-3,400	-1,700	8,300	10,300	15,600	8,700	6,700	7,900	4,200	5,600	0	0	0
Other assets and liabilities
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Pension and postretirement obligations
-	-	-	-	-	-	-	-4,300	-3,500	-10,900	-5,300	-5,300	-3,900	-2,600	-2,400	-2,100	0	0	0	-13,500	-16,200	-18,400	-19,200	-21,700	-20,800	-12,300	-12,400	-9,500	-7,000	-11,900	-9,800	-9,100	-11,300	-1,000	-1,100	-3,600	-3,600	0	0	0
Other noncurrent liabilities
-	-	-	-	-	-	-	-1,100	-200	-400	-3,200	-3,700	7,500	800	500	400	0	0	0	-28,400	-29,400	-28,700	-3,100	-4,000	-3,600	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	2,600	1,600	2,400	3,400	4,200	-3,700	-4,600	-6,700	-1,700	0	0	0	6,400	4,400	7,600	1,300	-400	2,100	-1,800	-1,200	-600	-3,200	-4,300	-9,900	-7,100	-7,100	0	0	0	-	-	-	-
Total adjustments
-	-	-	-	-	-	-	146,500	108,900	77,800	126,000	89,700	140,400	118,400	56,400	-112,000	0	0	0	98,000	91,900	92,300	77,200	14,300	121,100	165,700	199,800	244,000	153,600	135,000	194,600	195,700	186,700	180,000	186,300	148,500	214,500	0	0	0
Net cash provided by (used in) operating activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	142,200	188,200	174,500	109,800	-68,000	0	0	0	87,500	105,200	102,300	79,400	20,800	126,000	236,500	280,600	345,500	261,700	209,400	254,900	249,800	232,000	232,300	258,300	265,200	275,500	0	0	0
Net cash provided by (used in) operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-800	-2,100	-1,200	-2,500	-10,900	0	0	0	84,300	51,600	64,400	63,800	63,300	63,100	-1,400	-800	-1,800	-1,500	-3,100	-2,200	2,400	-3,600	0	0	0	-	-	-	-
Net cash provided by (used in) operating activities
99,900	91,200	107,800	116,400	137,100	152,600	144,900	141,500	92,900	95,600	154,500	141,400	186,100	173,300	107,300	-78,900	0	0	0	171,800	156,800	166,700	143,200	84,100	189,100	235,100	279,800	343,700	260,200	206,300	252,700	252,200	228,400	229,800	253,500	258,300	275,800	0	0	0
Cash flows - investing activities:
Prepublication and production expenditures
27,300	31,900	36,700	38,100	46,000	42,000	39,000	36,100	30,300	28,600	26,100	26,900	26,000	26,800	26,000	25,200	0	0	0	28,200	35,900	29,400	32,600	33,400	33,400	70,400	66,000	63,000	58,800	59,200	59,900	58,600	57,900	54,200	50,200	49,000	48,900	0	0	0
Additions to property, plant and equipment
72,400	74,400	80,400	95,000	100,100	118,800	116,900	121,500	122,000	100,200	88,200	65,700	49,700	43,100	40,200	35,600	0	0	0	26,400	26,500	31,400	39,000	47,800	54,100	62,800	62,100	60,100	53,700	51,600	46,600	44,200	50,000	58,300	62,300	59,800	55,300	0	0	0
Acquisition of land
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investment and acquisition-related payments
19,200	17,900	18,100	18,500	2,900	4,800	4,700	4,400	11,700	9,900	9,900	10,100	400	400	3,600	3,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	10,100	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-2,200	-1,700	300	-800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-102,700	-76,100	-70,300	-66,500	-61,200	0	0	0	-306,800	-315,000	-313,800	-70,700	-81,600	-87,000	-136,700	-136,900	-131,900	-121,200	0	0	0	-	-	-	-	-	-	0	0
Changes in restricted cash held in escrow for discontinued assets
-	-	-	-	-	-	-	-	-	-	-	-9,900	-17,300	-24,700	-27,000	-24,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other cash provided by (used in) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-37,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by (used in) investing activities
-117,900	-123,200	-134,200	-147,300	-149,000	-165,600	-160,600	-162,000	-164,000	-138,700	-119,200	-92,800	-58,800	-48,500	-42,400	-39,500	0	0	0	0	-	-	-106,500	-117,700	-124,000	-138,200	-138,200	-132,900	-121,300	-117,000	-106,200	-135,000	-141,100	-144,800	-147,000	-110,600	-105,000	0	0	0
Net borrowings under credit agreement and revolving loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,200	60,900	71,600	42,800	42,800	42,800	42,800	42,800	42,800	0	0	0
Repayment of 5.00% notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,100	0	0	0
Borrowings under lines of credit
32,800	49,800	55,300	58,800	53,000	35,700	36,400	44,900	42,800	42,000	36,000	28,300	29,000	31,300	42,400	39,000	0	0	0	232,100	207,400	161,900	137,400	53,200	23,200	31,700	56,000	75,700	89,200	105,100	92,000	124,500	118,600	114,300	131,100	128,900	157,000	0	0	0
Repayments of lines of credit
33,200	51,100	58,400	60,100	50,800	32,800	32,000	42,000	39,900	38,300	36,200	28,500	29,800	32,900	33,100	36,500	0	0	0	232,100	193,500	158,700	128,600	39,600	27,500	41,500	60,000	81,800	80,600	98,600	93,400	125,200	128,200	120,800	139,400	137,100	159,000	0	0	0
Repayment of capital lease obligations
2,000	1,800	1,700	1,600	1,500	1,400	1,300	1,300	1,200	1,100	1,100	1,100	1,100	1,100	1,000	800	0	0	0	100	200	400	700	800	1,000	1,000	1,000	900	700	600	400	1,800	2,000	2,700	3,400	2,800	3,400	0	0	0
Reacquisition of common stock
38,700	28,100	21,100	8,500	5,500	14,000	23,100	27,300	24,700	14,200	11,100	6,900	0	0	0	-	-	-	-	-	6,200	0	0	0	-	-	-	-	-	-	-	-	166,900	176,200	175,500	19,500	10,800	0	0	0
Proceeds pursuant to stock-based compensation plans
900	1,100	3,300	6,000	12,700	17,600	15,700	15,800	15,900	21,200	23,000	25,400	29,500	19,200	20,400	45,300	0	0	0	22,500	11,200	11,900	4,000	12,400	13,900	30,900	30,300	23,900	22,400	0	0	0	-	-	-	-	-	-	-	0
Payment of dividends
21,000	21,000	21,200	21,100	21,100	21,100	21,000	21,100	21,000	21,000	20,900	20,800	20,700	20,700	20,700	20,500	0	0	0	18,600	17,800	16,900	16,200	15,900	15,900	15,800	14,900	14,100	13,200	12,400	11,600	11,200	10,800	10,400	10,800	10,900	10,900	0	0	0
Net collections (remittances) under transition services agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	600	-	-	-	-200	-1,000	-700	-1,000	-900	-500	-5,500	-4,900	-4,400	-100	0	0	0	2,500	1,600	1,800	100	-1,100	-600	-2,800	-1,200	-300	-1,200	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	-	-	0	0
Net cash provided by (used in) financing activities
-55,500	-47,800	-43,200	-25,700	-11,700	-16,100	-25,500	-32,000	-28,800	-12,400	-11,200	-4,100	-17,700	-42,400	-27,500	12,000	0	0	0	170,500	122,500	9,400	-174,900	-142,000	-172,700	-11,800	1,000	-50,100	-47,400	-68,600	-86,900	-211,100	-230,500	-237,300	-237,100	-81,100	-70,900	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-800	-500	-800	-1,200	-900	-600	-900	300	700	400	200	-100	300	-400	-100	-700	0	0	0	700	-100	-1,400	-1,900	-1,700	100	-200	700	-1,300	-1,900	400	0	3,400	4,400	4,100	6,700	3,400	600	0	0	0
Net increase (decrease) in cash and cash equivalents
-74,300	-80,300	-70,400	-57,800	-24,500	-29,700	-42,100	-52,200	-99,200	-55,100	24,300	44,400	109,900	82,000	37,300	-107,100	0	0	0	-400	-66,500	-174,700	-140,100	-177,300	-107,500	84,900	143,300	159,400	89,600	21,100	59,600	-90,500	-138,800	-148,200	-123,900	70,000	100,500	0	0	0