SCHOLASTIC CORP

Listed Company

SCHLCIK 0000866729NasdaqLarge AcceleratedBooks: Publishing Or Publishing & PrintingDelawareFY ends May 31

Period

FY 2025

Revenue

$1.63B

Net Income

$-1.90M

Total Assets

$1.95B

Equity

$946.50M

Shares Out

20.90M

Op. Cash Flow

$124.20M

Business

SCHOLASTIC CORP is a global publisher, distributor and producer focused on children’s books, educational materials and children’s media. It offers print, digital and audio books, classroom magazines, instructional programs, professional learning services, book fairs, book clubs, film and television content, and consumer products and licensing. The company operates through four reportable segments: Children’s Book Publishing and Distribution, Education Solutions, Entertainment, and International. Scholastic distributes products through school-based book clubs and book fairs, trade channels, retail and online retailers, direct sales to schools and libraries, and international export and licensing channels.

Summary from filing dated 2025-07-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Revenues	1,626	1,590	1,704	1,643	1,300
Cost of goods sold	719	705	786	766	629
Selling, general and administrative expenses	822	803	757	723	623
Depreciation and amortization	66	57	55	57	61
Asset impairments and write downs	3	10	0	400,000	11
Total operating costs and expenses	1,610	1,575	1,598	1,546	1,323
Operating income (loss)	16	15	106	97	−23
Interest income	2	5	7	500,000	400,000
Interest expense	−18	−2	−1	−3	−6
Other components of net periodic benefit (cost)	−1	−1	300,000	100,000	−100,000
Earnings (loss) before income taxes	−1	16	112	90	−18
Total Current and Deferred	600,000	4	26	9	−7
Net income (loss)	−2	12	87	81	−11
Less: Net income (loss) attributable to noncontrolling interest	0	0	200,000	100,000	100,000
Net income (loss) attributable to Scholastic Corporation	−2	12	86	81	−11
Basic earnings (loss) per share (in Dollars per share)	−0.07	0.41	2.56	2.33	−0.32
Net income (loss) (in Dollars per share)	−0.07	0.4	2.49	2.27	−0.32
Dividends declared per common share (in Dollars per share)	0.8	0.8	0.8	0.6	0.6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	124	114	225	317	367
Accounts receivable, net	273	235	278	299	256
Inventories, net	250	264	335	281	270
Income tax receivable	9	15	9	27	89
Tax credit receivable	21	0	—	—	—
Prepaid expenses and other current assets	48	49	47	68	47
Total current assets	725	677	893	996	1,028
Property, plant and equipment, net	516	512	521	517	557
Prepublication costs, net	50	50	56	56	66
Investment in film and television programs, net	42	0	—	—	—
Operating lease right-of-use assets, net	104	99	86	82	79
Royalty advances, net	78	58	57	49	44
Goodwill	199	133	133	125	126
Other intangible assets, net	88	10	—	—	—
Noncurrent deferred income taxes	35	23	21	22	25
Other assets and deferred charges	113	110	100	94	83
Total noncurrent assets	1,225	994	974	945	980
Total assets	1,950	1,671	1,867	1,941	2,008
Lines of credit and current portion of long-term debt	6	6	—	—	—
Film related obligations	18	0	—	—	—
Accounts payable	157	139	171	162	138
Accrued royalties	69	49	53	61	46
Deferred revenue	179	161	169	—	—
Other accrued expenses	166	156	169	193	—
Accrued income taxes	4	2	13	3	3
Operating lease liabilities	27	22	21	21	25
Total current liabilities	626	535	602	620	696
Long-term debt	250	0	0	0	7
Operating lease liabilities	92	89	74	70	67
Other noncurrent liabilities	36	29	26	33	56
Total noncurrent liabilities	377	118	100	103	131
Commitments and Contingencies:	0	0	0	0	0
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none	0	0	0	0	0
Additional paid-in capital	607	605	632	627	627
Accumulated other comprehensive income (loss)	−42	−53	−56	−45	−35
Retained earnings	1,000	1,024	1,036	977	916
Treasury stock at cost: 18.7 and 15.5 shares, respectively	−619	−558	−450	−342	−328
Total stockholders equity	947	1,018	1,165	1,218	1,182
Total liabilities and stockholders equity	1,950	1,671	1,867	1,941	2,008

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Provision for losses on accounts receivable	5	5	3	15	5
Provision for losses on inventory	16	20	27	28	37
Provision for losses on royalty advances	6	3	4	4	5
Amortization of prepublication costs	22	26	25	—	—
Amortization of film and television programs	10	0	0	—	—
Depreciation and amortization	79	67	65	65	65
Amortization of net actuarial (gain) loss	500,000	400,000	−400,000	0	0
Deferred income taxes	−20	−2	−700,000	3	−8
Stock-based compensation	9	11	11	8	7
Income from equity method investments	−500,000	−500,000	−900,000	−2	−7
Increase (Decrease) in Accounts Receivable	−27	38	15	−73	−15
Increase (Decrease) in Inventories	−3	51	−84	−47	−26
Income tax receivable	7	−6	18	62	1
Tax credit receivable	11	0	0	—	—
Increase (Decrease) in Prepaid Expense and Other Assets	4	−2	22	−22	−4
Investment in film and television programs	−13	0	0	—	—
IncreaseDecreaseInRoyaltyAdvances	−26	−3	−12	−10	−9
Accounts payable	16	−33	9	27	−18
Accrued royalties	13	−5	−8	17	6
Deferred revenue	8	−8	−3	75	−20
Other accrued expenses	−2	−10	−15	−7	37
Accrued income taxes	2	−12	11	−100,000	1
Other, net	6	−9	−23	−26	−3
Net cash provided by (used in) operating activities	124	155	149	226	71
Prepublication expenditures	−25	−23	−27	—	—
Additions to property, plant and equipment	−52	−58	−62	−42	−47
Acquisition-related payments	−176	−6	−11	0	0
Purchase of noncontrolling interests	0	−2	0	—	—
Net cash provided by (used in) investing activities	−253	−90	−100	−43	−51
Borrowings under lines of credit, credit agreement and revolving loan	306	54	4	3	4
Repayments of lines of credit, credit agreement and revolving loan	−57	−54	−4	−186	−34
Borrowings under film related obligations	17	0	0	—	—
Repayments of film related obligations (including interests)	−35	0	0	—	—
Repayment of capital lease obligations	−2	−2	−2	−2	−2
Reacquisition of common stock	−70	−158	−132	−33	0
Proceeds pursuant to stock-based compensation plans	1	9	21	10	400,000
Payment of dividends	−23	−25	−26	−21	−21
Other, net	200,000	0	0	0	100,000
Net cash provided by (used in) financing activities	137	−176	−140	−229	−52
Effect of exchange rate changes on cash and cash equivalents	2	400,000	−2	−4	5
Net increase (decrease) in cash and cash equivalents	10	−111	−92	−50	−27
Income tax payments (refunds)	2	24	3	−49	1
Interest paid	18	2	2	3	5

Filings

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