$SCHL
SCHOLASTIC CORP

2014 Q3 Form 10-Q Financial Statement

#000086672914000011 Filed on September 26, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $190.5M $276.3M
YoY Change -31.05% -5.89%
Cost Of Revenue $113.4M $137.9M
YoY Change -17.77% -8.74%
Gross Profit $77.10M $138.4M
YoY Change -44.29% -2.88%
Gross Profit Margin 40.47% 50.09%
Selling, General & Admin $150.8M $168.4M
YoY Change -10.45% -2.43%
% of Gross Profit 195.59% 121.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.40M $29.60M
YoY Change -31.08% 6.09%
% of Gross Profit 26.46% 21.39%
Operating Expenses $277.3M $322.2M
YoY Change -13.94% 70.75%
Operating Profit -$86.80M -$45.90M
YoY Change 89.11% -0.65%
Interest Expense $900.0K $1.900M
YoY Change -52.63%
% of Operating Profit
Other Income/Expense, Net -$900.0K -$1.900M
YoY Change -52.63% -48.65%
Pretax Income -$87.70M -$47.80M
YoY Change 83.47% -6.64%
Income Tax -$33.80M -$17.70M
% Of Pretax Income
Net Earnings -$34.10M -$29.90M
YoY Change 14.05% -6.85%
Net Earnings / Revenue -17.9% -10.82%
Basic Earnings Per Share -$1.05 -$0.94
Diluted Earnings Per Share -$1.05 -$0.94
COMMON SHARES
Basic Shares Outstanding 32.40M shares 31.80M shares
Diluted Shares Outstanding 0.000 shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.40M $15.80M
YoY Change -2.53% -91.82%
Cash & Equivalents $15.40M $15.80M
Short-Term Investments
Other Short-Term Assets $179.4M $186.7M
YoY Change -3.91% 5.96%
Inventory $376.3M $374.6M
Prepaid Expenses
Receivables $156.3M $211.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $824.4M $788.7M
YoY Change 4.53% -19.3%
LONG-TERM ASSETS
Property, Plant & Equipment $459.8M $302.6M
YoY Change 51.95% -7.55%
Goodwill $121.8M $157.9M
YoY Change -22.86%
Intangibles $8.000M $14.00M
YoY Change -42.86%
Long-Term Investments $18.80M $17.20M
YoY Change 9.3%
Other Assets $52.50M $92.00M
YoY Change -42.93% -18.44%
Total Long-Term Assets $856.4M $717.7M
YoY Change 19.33% -3.73%
TOTAL ASSETS
Total Short-Term Assets $824.4M $788.7M
Total Long-Term Assets $856.4M $717.7M
Total Assets $1.681B $1.506B
YoY Change 11.58% -12.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.5M $207.3M
YoY Change 5.89% -1.89%
Accrued Expenses $201.9M $201.1M
YoY Change 0.4% -32.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.90M $29.30M
YoY Change -52.56% 1992.86%
Total Short-Term Liabilities $540.8M $525.3M
YoY Change 2.95% -10.1%
LONG-TERM LIABILITIES
Long-Term Debt $185.0M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $62.30M $95.50M
YoY Change -34.76% -22.55%
Total Long-Term Liabilities $247.3M $153.2M
YoY Change 61.42% -53.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $540.8M $525.3M
Total Long-Term Liabilities $247.3M $153.2M
Total Liabilities $788.1M $678.5M
YoY Change 16.15% -26.02%
SHAREHOLDERS EQUITY
Retained Earnings $726.1M $705.3M
YoY Change 2.95%
Common Stock $400.0K $400.0K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $361.9M $388.8M
YoY Change -6.92%
Treasury Stock Shares
Shareholders Equity $892.7M $827.9M
YoY Change
Total Liabilities & Shareholders Equity $1.681B $1.506B
YoY Change 11.58% -12.56%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$34.10M -$29.90M
YoY Change 14.05% -6.85%
Depreciation, Depletion And Amortization $20.40M $29.60M
YoY Change -31.08% 6.09%
Cash From Operating Activities -$55.80M -$70.80M
YoY Change -21.19% -307.02%
INVESTING ACTIVITIES
Capital Expenditures $7.200M $7.300M
YoY Change -1.37% -124.17%
Acquisitions $600.0K
YoY Change
Other Investing Activities $600.0K $1.000M
YoY Change -40.0% -1100.0%
Cash From Investing Activities -$21.70M -$24.00M
YoY Change -9.58% -20.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $400.0K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $72.00M $24.00M
YoY Change 200.0% -458.21%
NET CHANGE
Cash From Operating Activities -$55.80M -$70.80M
Cash From Investing Activities -$21.70M -$24.00M
Cash From Financing Activities $72.00M $24.00M
Net Change In Cash -$5.500M -$70.80M
YoY Change -92.23% 2428.57%
FREE CASH FLOW
Cash From Operating Activities -$55.80M -$70.80M
Capital Expenditures $7.200M $7.300M
Free Cash Flow -$63.00M -$78.10M
YoY Change -19.33% -221.27%

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500000 USD
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900000 USD
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CY2014Q3 schl Prepublication And Production Expenditures
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CY2013Q3 schl Prepublication Costs
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CY2014Q2 schl Prepublication Costs
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4800000 USD
CY2014Q2 schl Production Costs Noncurrent
ProductionCostsNoncurrent
4500000 USD
CY2013Q3 schl Production Costs Noncurrent
ProductionCostsNoncurrent
2300000 USD
CY2014Q3 schl Provision For Losses On Royalty
ProvisionForLossesOnRoyalty
1000000 USD
CY2013Q3 schl Provision For Losses On Royalty
ProvisionForLossesOnRoyalty
1000000 USD
CY2014Q3 schl Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
0 USD
CY2013Q3 schl Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
100000 USD
CY2014Q3 schl Restricted Cash
RestrictedCash
200000 USD
CY2014Q2 schl Restricted Cash
RestrictedCash
300000 USD
CY2013Q3 schl Restricted Cash
RestrictedCash
200000 USD
CY2014Q3 schl Royalty Advances Net
RoyaltyAdvancesNet
39400000 USD
CY2014Q2 schl Royalty Advances Net
RoyaltyAdvancesNet
38500000 USD
CY2013Q3 schl Royalty Advances Net
RoyaltyAdvancesNet
37900000 USD
CY2014Q3 schl Segment Assets
SegmentAssets
1680400000 USD
CY2013Q3 schl Segment Assets
SegmentAssets
1506000000 USD
CY2014Q3 schl Sharebasedpaymentawardsoptionsbynumberofsharesissuedfrom Treasury Stock
SharebasedpaymentawardsoptionsbynumberofsharesissuedfromTreasuryStock
0.5 shares
CY2013Q3 schl Sharebasedpaymentawardsoptionsbynumberofsharesissuedfrom Treasury Stock
SharebasedpaymentawardsoptionsbynumberofsharesissuedfromTreasuryStock
0.4 shares
CY2013Q3 schl Unrealized Gain On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
UnrealizedGainOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
400000 USD
CY2014Q3 schl Unrealized Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
UnrealizedLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
300000 USD
CY2014Q3 dei Amendment Flag
AmendmentFlag
false
CY2014Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
CY2014Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2014Q3 dei Document Period End Date
DocumentPeriodEndDate
2014-08-31
CY2014Q3 dei Document Type
DocumentType
10-Q
CY2014Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000866729
CY2014Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q3 dei Entity Registrant Name
EntityRegistrantName
SCHOLASTIC CORP
CY2014Q3 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q3 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000866729-14-000011-index-headers.html Edgar Link pending
0000866729-14-000011-index.html Edgar Link pending
0000866729-14-000011.txt Edgar Link pending
0000866729-14-000011-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
intraowp325.jpg Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
schl-20140831.xml Edgar Link completed
schl-20140831.xsd Edgar Link pending
schl-20140831_cal.xml Edgar Link unprocessable
schl-20140831_def.xml Edgar Link unprocessable
schl-20140831_lab.xml Edgar Link unprocessable
schl-20140831_pre.xml Edgar Link unprocessable
schl-ex311_2014228xq31.htm Edgar Link pending
schl-ex312_2014228xq31.htm Edgar Link pending
schl-ex32_2014228xq31.htm Edgar Link pending
schl2014831-10qlive.htm Edgar Link pending
Show.js Edgar Link pending