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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
May 31, 2013
May 31, 2012
May 31, 2011
Cash flows - operating activities:      
Net income (loss) $ 31.1 $ 102.4 $ 39.4
Earnings (loss) from discontinued operations, net of tax (4.7) (5.7) (5.9)
Earnings (loss) from continuing operations 35.8 108.1 45.3
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 6.8 12.3 13.6
Provision for losses on inventory 27.2 48.1 27.3
Provision for losses on royalty advances 4.7 6.5 4.5
Loss on subleases   6.2  
Amortization of prepublication and production costs 48.9 [1] 55.1 [1] 51.1 [1]
Depreciation and amortization 68.6 68.8 60.1
Deferred income taxes 19.6 (37.5) (2.8)
Stock-based compensation 6.3 12.2 13.7
Non cash net gain on equity investments (2.3) (1.3) (1.7)
Non cash write off related to asset impairment 7.2 0.8 3.4
Unrealized loss on investments     3.6
Changes in assets and liabilities, net of amounts acquired:      
Accounts receivable 94.4 (108.7) (12.6)
Inventories (9.9) (40.4) (9.8)
Prepaid expenses and other current assets (14.2) 10.1 0.6
Deferred promotion costs 0.3   0.1
Royalty advances (7.0) (6.2) (1.2)
Accounts payable 35.6 (0.3) 19.1
Other accrued expenses (53.4) 64.7 15.9
Accrued royalties (58.5) 58.2 (8.3)
Deferred revenue 1.1 (1.7) 8.7
Pension and post-retirement liabilities (16.0) (7.0) (11.3)
Other noncurrent liabilities (3.6) 5.9 5.6
Other, net 0.4 7.8 7.1
Total adjustments 156.2 153.6 186.7
Net cash provided by (used in) operating activities of continuing operations 192.0 261.7 232.0
Net cash provided by (used in) operating activities of discontinued operations (2.9) (1.5) (3.6)
Net cash provided by (used in) operating activities 189.1 260.2 228.4
Cash flows - investing activities:      
Prepublication and production expenditures (73.8) (58.8) (57.9)
Additions to property, plant and equipment (54.6) (53.7) (50.0)
Acquisition related payments (0.3) (9.5) (10.1)
Land acquisition     (24.3)
Other 0.8 0.8 1.2
Net cash provided by (used in) investing activities of continuing operations (127.9) (121.2) (141.1)
Net cash provided by (used in) investing activities of discontinued operations 3.9 (0.1)  
Net cash provided by (used in) investing activities (124.0) (121.3) (141.1)
Cash flows - financing activities:      
Borrowings under credit agreement and revolving loan 153.0 28.8 70.0
Repayment of credit agreement and revolving loan (153.0) (28.8) (70.0)
Repayment of term loan   (50.2) (42.8)
Repayment of 5.00% notes (153.0)    
Borrowings under lines of credit 23.2 89.2 118.6
Repayments under lines of credit (27.5) (80.6) (128.2)
Repayment of capital lease obligations (1.0) (0.7) (2.0)
Reacquisition of common stock (11.8) (13.1) (166.9)
Proceeds pursuant to stock-based compensation plans 13.9 22.4 2.9
Payment of dividends (15.9) (13.2) (10.8)
Other (0.6) (1.2) (1.3)
Net cash provided by (used in) financing activities (172.7) (47.4) (230.5)
Effect of exchange rate changes on cash and cash equivalents 0.1 (1.9) 4.4
Net increase (decrease) in cash and cash equivalents (107.5) 89.6 (138.8)
Cash and cash equivalents at beginning of period 194.9 105.3 244.1
Cash and cash equivalents at end of period 87.4 194.9 105.3
Supplemental Information:      
Income taxes payments (refunds), net 30.0 61.0 31.5
Interest paid $ 15.1 $ 15.3 $ 15.4
[1] Includes amortization of prepublication and production costs.