JOHN WILEY & SONS, INC.

Listed Company

WLYBCIK 0000107140NYSELarge AcceleratedBooks: Publishing Or Publishing & PrintingNew YorkFY ends Apr 30

Period

FY 2025

Revenue

$1.68B

Net Income

$84.16M

Total Assets

$2.69B

Equity

$752.21M

Shares Out

60.88M

Op. Cash Flow

$202.59M

Business

JOHN WILEY & SONS, INC. is a global publisher and provider of research and learning content, platforms, and services tailored to researchers, students, instructors, professionals, institutions, and corporations. It offers scientific, technical, medical, and scholarly journals; print and digital books; digital courseware and assessments; content licensing (including for AI); and research and marketing solutions. Wiley reports its operations principally through Research (Research Publishing and Research Solutions) and Learning (Academic and Professional) segments, plus a Held for Sale or Sold category. Its products distribute globally, primarily in the US and UK, through direct institutional and subscription channels, online platforms, retailers, libraries, consortia, and corporate partnerships.

Summary from filing dated 2025-06-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Revenue, net	1,678	1,873	2,020	2,083	1,942
Cost of sales	431	580	693	701	625
Operating and administrative expenses	947	1,014	1,037	1,080	1,023
Impairment of goodwill	0	108	100	—	—
Restructuring and related charges	26	63	49	−1	—
Amortization of intangible assets	52	56	85	85	75
Total costs and expenses	1,456	1,821	1,964	1,864	1,756
Operating income	221	52	56	219	186
Interest expense	−53	−49	−38	−20	—
Net foreign exchange transaction (losses) gains	−8	−3	894,000	−3	−8
Net (loss) gain on sale of businesses, assets, and impairment charges related to assets held-for-sale	−23	−183	10	—	—
Other income (expense), net	5	−4	4	10	17
Income (loss) before taxes	143	−187	33	210	176
Provision for income taxes	59	13	16	61	28
Net income (loss)	84	−200	17	148	148
Basic (in dollars per share)	1.56	−3.65	0.31	2.66	2.65
Diluted (in dollars per share)	1.53	−3.65	0.31	2.62	2.63
Basic (in shares)	54	55	56	56	56
Diluted (in shares)	55	55	56	57	56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Cash and cash equivalents	86	83	107	100	94
Accounts receivable, net	228	224	310	332	312
Inventories, net	23	26	31	37	43
Prepaid expenses and other current assets	103	86	94	82	78
Current assets held-for-sale	0	34	0	—	—
Total current assets	440	454	541	551	526
Technology, property, and equipment, net	162	192	247	272	282
Intangible assets, net	595	616	855	931	1,015
Goodwill	1,122	1,091	1,204	1,302	1,304
Operating lease right-of-use assets	66	69	91	112	121
Other non-current assets	307	284	170	194	197
Non-current assets held-for-sale	0	19	0	—	—
Total assets	2,691	2,725	3,109	3,362	3,446
Accounts payable	61	56	84	77	96
Accrued royalties	110	97	113	102	79
Short-term portion of long-term debt	10	8	5	19	13
Contract liabilities	463	484	505	538	545
Accrued employment costs	93	97	80	117	145
Short-term portion of operating lease liabilities	18	18	20	21	22
Other accrued liabilities	66	76	88	96	89
Current liabilities held-for-sale	0	38	0	—	—
Total current liabilities	821	873	896	969	989
Long-term debt	789	767	743	768	809
Accrued pension liability	72	71	86	79	146
Deferred income tax liabilities	105	97	144	—	—
Operating lease liabilities	81	94	116	133	146
Other long-term liabilities	70	72	79	91	92
Long-term liabilities held-for-sale	0	11	0	—	—
Total liabilities	1,939	1,986	2,064	2,219	2,355
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock, $1 par value: Authorized 2 million, Issued 0	0	0	0	0	0
Additional paid-in capital	482	474	470	459	444
Retained earnings	1,591	1,583	1,861	1,921	1,850
Foreign currency translation adjustment	−265	−334	−326	−330	−258
Unamortized retirement costs, net of tax	−209	−201	−207	−182	−228
Unrealized (loss) gain on interest rate swaps, net of tax	−5	6	4	4	−5
Total accumulated other comprehensive loss, net of tax	−479	−528	−529	−508	−491
Less: treasury shares at cost (Class A 25,687 and 24,828 as of April 30, 2025 and 2024, respectively, Class B 4,101 and 3,928 as of April 30, 2025 and 2024, respectively)	−925	−873	—	—	—
Total shareholders equity	752	740	1,045	1,142	1,091
Total liabilities and shareholders equity	2,691	2,725	3,109	3,362	3,446

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-04-30	FY 2024 2024-04-30	FY 2023 2023-04-30	FY 2022 2022-04-30	FY 2021 2021-04-30
Net loss (gain) on sale of businesses, assets, and impairment charges related to assets held-for-sale	23	183	−10	—	—
Amortization of product development assets	17	23	32	35	34
Amortization of cloud computing arrangements	1	1	807,000	—	—
Depreciation and amortization of technology, property, and equipment	79	98	96	95	91
Stock-based compensation expense	22	25	27	26	22
Employee retirement plan expense	32	28	27	19	13
Other noncash charges (credits)	14	−12	−6	37	35
Accounts receivable, net	8	−22	27	−26	−7
Inventories, net	−1	5	−522,000	2	8
Accounts payable and accrued royalties	8	−38	23	16	−31
Contract liabilities	−20	−1	−37	10	14
Restructuring payments	−22	−39	−27	−6	−20
Other accrued liabilities	−20	19	−49	−13	28
Employee retirement plan contributions	−39	−37	−46	−47	−41
Operating lease liabilities	−22	−26	−27	−30	−32
Other	−46	−30	−4	−11	−19
Net cash provided by operating activities	203	208	277	339	360
Product development spending	−15	−17	−23	−27	−26
Additions to technology, property, and equipment	−61	−76	−81	−89	−77
Businesses acquired in purchase transactions, net of cash acquired	−4	−3	−7	−76	−300
Net cash (transferred) proceeds related to the sale of businesses and assets	−8	−2	16	—	—
Acquisitions of publication rights and other	−6	−8	−3	—	—
Net cash used in investing activities	−94	−107	−98	−194	−433
Repayments of long-term debt	−1,186	−1,157	−1,044	−662	−563
Borrowings of long-term debt	1,200	1,185	1,005	651	593
Payment of debt issuance costs	0	0	−4	0	0
Purchases of treasury shares	−60	−45	−35	−30	−16
Change in book overdrafts	5	−4	−5	−6	18
Cash dividends	−76	−77	−77	−77	−77
Impact of tax withholding on stock-based compensation and other	−7	−9	−8	—	—
Net cash used in financing activities	−125	−107	−169	−132	−47
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	3	−1	−4	−7	12
(Decrease) increase for year	−14	−8	7	6	−109
Interest	51	47	36	18	17
Income taxes, net of refunds	54	51	51	49	41

Filings

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