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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Jun. 01, 2023
Feb. 28, 2025
Feb. 29, 2024
Cash flows - operating activities:      
Net income (loss) attributable to Scholastic Corporation   $ (17.3) $ (23.8)
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:      
Provision for losses on accounts receivable   3.9 4.0
Provision for losses on inventory   12.6 15.7
Provision for losses on royalty advances   2.4 2.2
Amortization of prepublication costs   16.4 19.9
Amortization of film and television programs   8.2 0.0
Depreciation and amortization   57.8 49.2
Amortization of pension and postretirement plans   0.3 0.3
Deferred income taxes   0.0 0.2
Stock-based compensation   6.7 8.7
Income from equity-method investments   (0.8) (0.1)
Asset impairments and write downs   0.4 0.5
Changes in assets and liabilities, net of amounts acquired:      
Accounts receivable   (11.0) 21.2
Inventories   (22.1) 36.7
Prepaid expenses and other current assets   (13.8) (5.8)
Tax credit receivable   12.1 0.0
Investment in film and television programs, net   (8.2) 0.0
Income tax receivable   (36.0) (21.0)
Royalty advances   (30.8) (1.5)
Accounts payable   (6.4) (44.6)
Accrued income taxes   0.7 (10.6)
Accrued royalties   30.8 22.3
Deferred revenue   34.1 24.7
Other accrued expenses   (25.0) (15.3)
Other, net   2.3 1.8
Net cash provided by (used in) operating activities   17.3 84.7
Cash flows - investing activities:      
Prepublication expenditures   (15.8) (17.2)
Additions to property, plant and equipment   (39.9) (43.8)
Acquisitions, net of cash acquired   (176.2) (6.4)
Purchase of noncontrolling interest $ (2.1) 0.0  
Other   (0.1) 0.0
Net cash provided by (used in) investing activities   (232.0) (69.5)
Cash flows - financing activities:      
Borrowings under lines of credit and long-term debt, net of debt issuance costs   303.1 52.9
Repayments of lines of credit and long-term debt   (29.6) (27.5)
Borrowings under film related obligations   14.8 0.0
Repayments of film related obligations   (33.4) 0.0
Repayments of capital lease obligations   (1.4) (1.7)
Reacquisition of common stock   (40.0) (143.0)
Proceeds pursuant to stock-based compensation plans   1.2 8.7
Payment of dividends   (17.0) (18.9)
Net cash provided by (used in) financing activities   197.6 (129.4)
Effect of exchange rate changes on cash and cash equivalents   (1.9) 0.1
Net increase (decrease) in cash and cash equivalents   (19.0) (114.1)
Cash and cash equivalents at beginning of period $ 224.5 113.7 224.5
Cash and cash equivalents at end of period   94.7 110.4
Other   $ (0.1) $ 0.1