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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash flows - operating activities:    
Net income (loss) attributable to Scholastic Corporation $ (13.7) $ 2.7
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:    
Provision for losses on accounts receivable 3.0 3.1
Provision for losses on inventory 9.6 11.8
Provision for losses on royalty advances 1.6 1.5
Amortization of prepublication costs 11.0 13.3
Amortization of production costs 6.4 0.0
Depreciation and amortization 37.9 32.1
Amortization of pension and postretirement plans 0.3 0.2
Deferred income taxes 0.2 0.3
Stock-based compensation 4.3 6.4
Income from equity-method investments (0.8) (0.3)
Changes in assets and liabilities, net of amounts acquired:    
Accounts receivable (46.3) (36.3)
Inventories (28.3) 21.2
Prepaid expenses and other current assets (15.1) (18.3)
Investment in film and television programs, net (5.8) 0.0
Income tax receivable (10.3) (2.7)
Royalty advances (15.4) (0.0)
Accounts payable 16.6 (11.3)
Accrued income taxes 0.7 (10.8)
Accrued royalties 12.4 4.6
Deferred revenue 53.4 55.8
Other accrued expenses (4.2) (9.3)
Other, net 11.8 7.6
Net cash provided by (used in) operating activities 29.3 71.6
Cash flows - investing activities:    
Prepublication expenditures (10.1) (11.7)
Additions to property, plant and equipment (30.9) (29.1)
Acquisitions, net of cash acquired (176.2) (6.2)
Purchase of noncontrolling interest 0.0 (2.1)
Net cash provided by (used in) investing activities (217.2) (49.1)
Cash flows - financing activities:    
Borrowings under lines of credit, credit agreement and revolving loan 251.5 27.1
Repayments of lines of credit, credit agreement and revolving loan (1.3) (26.8)
Borrowings under film related obligations 8.7 0.0
Repayments of film related obligations (23.3) 0.0
Repayment of capital lease obligations (0.9) (1.2)
Reacquisition of common stock (10.0) (90.2)
Proceeds pursuant to stock-based compensation plans 1.1 6.1
Payment of dividends (11.3) (12.8)
Net cash provided by (used in) financing activities 214.5 (97.8)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (0.7) 0.3
Net increase (decrease) in cash and cash equivalents 25.9 (75.0)
Cash and cash equivalents at beginning of period 113.7 224.5
Cash and cash equivalents at end of period $ 139.6 $ 149.5