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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Feb. 28, 2013
Feb. 29, 2012
Cash flows - operating activities:    
Net income (loss) $ 9.6 $ 45.4
Earnings (loss) from discontinued operations, net of tax (0.2) (2.9)
Earnings (loss) from continuing operations 9.8 48.3
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 3.9 7.8
Provision for losses on inventory 16.7 18.0
Provision for losses on royalty advances 3.9 4.3
Amortization of prepublication and production costs 36.5 [1] 36.4 [1]
Depreciation and amortization 50.4 46.6
Loss on leases   6.2
Non-cash writeoff related to impairment   0.8
Stock-based compensation 5.2 10.0
Deferred income taxes 0.1 0.1
Equity investment income (1.5) (1.9)
Changes in assets and liabilities:    
Accounts receivable 118.6 (57.6)
Inventories (71.7) (107.2)
Other current assets (27.1) (18.2)
Deferred promotion costs (2.1) (1.7)
Royalty advances (5.9) (5.8)
Accounts payable 36.8 38.3
Other accrued expenses (58.2) 38.2
Accrued royalties (26.9) 49.1
Deferred revenue 34.2 25.4
Pension and post-retirement liability (11.5) (6.0)
Other, net (3.3) 3.0
Total adjustments 98.1 85.8
Net cash provided by (used in) operating activities of continuing operations 107.9 134.1
Net cash provided by (used in) operating activities of discontinued operations (0.7) (1.3)
Net cash provided by (used in) operating activities 107.2 132.8
Cash flows - investing activities:    
Prepublication and production expenditures (51.3) (39.7)
Additions to property, plant and equipment (43.5) (33.0)
Acquisition-related payments (net of cash received of $0.0 and $2.5, respectively) (0.1) (5.3)
Net cash provided by (used in) investing activities of continuing operations (94.9) (78.0)
Net cash provided by (used in) investing activities (94.9) (78.0)
Cash flows - financing activities:    
Repayment of term loan   (50.2)
Borrowings under lines of credit 21.3 78.8
Repayment of lines of credit (25.9) (65.0)
Repayment of capital lease obligations (0.8) (0.5)
Reacquisition of common stock (5.8) (5.6)
Proceeds pursuant to stock-based compensation plans 12.0 3.5
Payment of dividends (11.9) (9.3)
Other (0.4) 0.7
Net cash provided by (used in) financing activities of continuing operations (11.5) (47.6)
Net cash provided by (used in) financing activities (11.5) (47.6)
Effect of exchange rate changes on cash and cash equivalents 1.0 (0.7)
Net increase (decrease) in cash and cash equivalents 1.8 6.5
Cash and cash equivalents at beginning of period 194.9 105.3
Cash and cash equivalents at end of period $ 196.7 $ 111.8
[1] Includes amortization of prepublication and production costs.