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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Cash flows - operating activities:    
Net income (loss) $ 12.9 $ 6.5
Earnings (loss) from discontinued operations, net of tax 0.0 (2.6)
Earnings (loss) from continuing operations 12.9 9.1
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by (used in) operating activities of continuing operations:    
Provision for losses on accounts receivable 9.3 8.9
Provision for losses on inventory 8.7 13.5
Provision for losses on royalty advances 3.3 2.6
Amortization of prepublication and production costs 17.2 20.6
Depreciation and amortization 28.9 30.6
Amortization of pension and post-retirement actuarial gains and losses 3.1 3.3
Deferred income taxes 0.1 0.7
Stock-based compensation 8.7 8.1
Income from equity investments (4.9) (3.0)
Non-cash write off related to asset impairments 0.0 6.9
(Gain) loss on investments 0.0 (2.2)
Changes in assets and liabilities, net of amounts acquired:    
Accounts receivable 12.3 (8.3)
Inventories (91.1) (93.2)
Prepaid expenses and other current assets (0.5) (41.1)
Deferred promotion costs (4.1) (3.6)
Royalty advances (8.3) (6.6)
Accounts payable 52.8 41.5
Other accrued expenses (13.6) (18.9)
Accrued income taxes 1.1 (151.6)
Accrued royalties 56.3 26.8
Deferred revenue 32.4 31.6
Pension and post-retirement liabilities (5.7) (3.9)
Other noncurrent liabilities (1.9) (9.0)
Other, net (2.6) (4.6)
Total adjustments 101.5 (150.9)
Net cash provided by (used in) operating activities of continuing operations 114.4 (141.8)
Net cash provided by (used in) operating activities of discontinued operations (1.0) (9.8)
Net cash provided by (used in) operating activities 113.4 (151.6)
Cash flows - investing activities:    
Prepublication and production expenditures (19.0) (18.2)
Additions to property, plant and equipment (36.1) (22.0)
Other investment and acquisition-related payments (0.4) (3.7)
Proceeds from the sale of investments 0.0 3.3
Net cash provided by (used in) investing activities of continuing operations (55.5) (40.6)
Working capital adjustment from sale of discontinued assets 0.0 (2.9)
Changes in restricted cash held in escrow for discontinued assets 9.9 17.2
Net cash provided by (used in) investing activities (45.6) (26.3)
Cash flows - financing activities:    
Borrowings under lines of credit 25.9 35.9
Repayments of lines of credit (26.4) (33.1)
Repayment of capital lease obligations (0.8) (0.5)
Reacquisition of common stock (6.0) (5.8)
Proceeds pursuant to stock-based compensation plans 18.4 34.2
Payment of dividends (15.6) (15.4)
Net collections (remittances) under transition services agreement 0.1 4.5
Other (1.1) 4.4
Net cash provided by (used in) financing activities (5.5) 24.2
Effect of exchange rate changes on cash and cash equivalents (0.2) (1.2)
Net increase (decrease) in cash and cash equivalents 62.1 (154.9)
Cash and cash equivalents at beginning of period 399.7 506.8
Cash and cash equivalents at end of period $ 461.8 $ 351.9