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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Cash flows - operating activities:    
Net income (loss) $ (63.7) $ (39.6)
Earnings (loss) from discontinued operations, net of tax 0.0 (0.1)
Earnings (loss) from continuing operations (63.7) (39.5)
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 1.9 2.9
Provision for losses on inventory 3.5 4.1
Provision for losses on royalty advances 1.1 1.1
Amortization of prepublication and production costs 5.5 5.8
Depreciation and amortization 10.0 9.6
Amortization of pension and post-retirement actuarial gains and losses 0.6 1.0
Deferred income taxes 0.3 (0.3)
Stock-based compensation 1.5 1.6
Income from equity investments (1.2) (1.8)
Non cash write off related to asset impairments 6.7 0.0
Changes in assets and liabilities, net of amounts acquired:    
Accounts receivable 53.0 (29.3)
Inventories (104.3) (108.8)
Prepaid expenses and other current assets (67.7) (49.4)
Royalty advances (1.7) (2.5)
Accounts payable 51.9 69.7
Other accrued expenses (25.8) (24.3)
Accrued income taxes (1.1) 0.4
Accrued royalties 17.0 34.9
Deferred revenue 20.2 21.7
Pension and post-retirement liabilities (1.6) (1.6)
Other noncurrent liabilities 0.4 (0.1)
Other, net 1.1 0.3
Total adjustments (28.7) (65.0)
Net cash provided by (used in) operating activities of continuing operations (92.4) (104.5)
Net cash provided by (used in) operating activities of discontinued operations 0.0 (1.0)
Net cash provided by (used in) operating activities (92.4) (105.5)
Cash flows - investing activities:    
Prepublication and production expenditures (5.9) (6.7)
Additions to property, plant and equipment (32.7) (10.2)
Other investment and acquisition related payments (0.2) (0.4)
Net cash provided by (used in) investing activities of continuing operations (38.8) (17.3)
Changes in restricted cash held in escrow for discontinued assets 0.0 4.9
Net cash provided by (used in) investing activities (38.8) (12.4)
Cash flows - financing activities:    
Borrowings under lines of credit 20.1 12.4
Repayments of lines of credit (13.6) (5.9)
Repayment of capital lease obligations (0.3) (0.3)
Reacquisition of common stock (4.2) 0.0
Proceeds pursuant to stock-based compensation plans 2.8 5.2
Payment of dividends (5.3) (5.2)
Other (0.8) (0.4)
Net cash provided by (used in) financing activities (1.3) 5.8
Effect of exchange rate changes on cash and cash equivalents 0.3 0.0
Net increase (decrease) in cash and cash equivalents (132.2) (112.1)
Cash and cash equivalents at beginning of period 444.1 399.7
Cash and cash equivalents at end of period $ 311.9 $ 287.6