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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Cash flows - operating activities:    
Net income (loss) $ (49.4) $ (34.1)
Earnings (loss) from discontinued operations, net of tax (0.5) 19.8
Earnings (loss) from continuing operations (48.9) (53.9)
Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities of continuing operations:    
Provision for losses on accounts receivable 1.5 1.9
Provision for losses on inventory 4.0 5.0
Provision for losses on royalty advances 0.9 0.9
Amortization of prepublication and production costs 6.8 7.2
Depreciation and amortization 10.6 13.2
Amortization of pension and post-retirement actuarial gains and losses 1.0 0.7
Deferred income taxes 0.1 (0.3)
Stock-based compensation 1.4 1.6
Income from equity investments 1.2 0.7
Changes in assets and liabilities:    
Accounts receivable 40.5 54.4
Inventories (116.4) (124.8)
Other current assets (71.6) (52.0)
Deferred promotion costs (6.5) (6.1)
Royalty advances (1.8) (1.9)
Accounts payable 52.2 82.3
Other accrued expenses (31.6) (28.7)
Increase (Decrease) in Accrued Taxes Payable (151.3) (13.7)
Accrued royalties 13.3 12.2
Deferred revenue 20.9 16.8
Pension and post-retirement liability (1.3) (1.4)
Other noncurrent liability (0.2) (0.3)
Other, net (4.7) (1.1)
Total adjustments (233.4) (34.8)
Net cash provided by (used in) operating activities of continuing operations (282.3) (88.7)
Net cash provided by (used in) operating activities of discontinued operations (9.4) 32.9
Net cash provided by (used in) operating activities (291.7) (55.8)
Cash flows - investing activities:    
Prepublication And Production Expenditures 5.9 8.0
Additions to property, plant and equipment (5.6) (7.2)
Other investment and acquisition related payments 0.5 0.6
Net cash provided by (used in) investing activities of continuing operations (12.0) (15.8)
Changes in restricted cash held in escrow for assets discontinued (sold) 2.5 0.0
Net cash provided by (used in) investing activities of discontinued operations 0.0 (5.9)
Net cash provided by (used in) investing activities (9.5) (21.7)
Cash flows - financing activities:    
Net borrowings under credit agreement and revolving loan 0.0 65.0
Borrowings under lines of credit 9.0 59.7
Repayment of lines of credit (9.3) (61.5)
Repayment of capital lease obligations (0.1) 0.0
Proceeds pursuant to stock-based compensation plans 30.1 12.6
Payment of dividends (5.0) (4.8)
Net collections (remittances) under transition services agreement 16.7 0.0
Other 3.9 1.0
Net cash provided by (used in) financing activities of continuing operations 45.3 72.0
Effect of exchange rate changes on cash and cash equivalents (0.6) 0.0
Net increase (decrease) in cash and cash equivalents (256.5) (5.5)
Cash and cash equivalents at beginning of period 506.8 20.9
Cash and cash equivalents at end of period $ 250.3 $ 15.4