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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Nov. 30, 2013
Nov. 30, 2012
Cash flows - operating activities:    
Net income (loss) $ 28.4 $ 29.7
Earnings (loss) from discontinued operations, net of tax 0.2 (1.2)
Earnings (loss) from continuing operations 28.2 30.9
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 4.5
Provision for losses on inventory 10.1 11.3
Provision for losses on royalty advances 2.0 2.6
Amortization of prepublication and production costs 27.9 [1] 23.8 [1]
Depreciation and amortization 32.6 33.8
Asset impairments 13.4 [2]  
Stock-based compensation 6.7 4.2
Non cash net (gain) loss on equity investments (1.8) (1.5)
Changes in assets and liabilities:    
Accounts receivable (77.1) 41.8
Inventories (76.2) (68.0)
Other current assets 13.0 (1.3)
Deferred promotion costs (2.5) (2.4)
Royalty advances (4.8) (5.1)
Accounts payable 40.1 86.0
Other accrued expenses 2.1 (39.4)
Accrued royalties 7.4 (40.9)
Deferred revenue 63.6 57.8
Pension and post-retirement liability (6.6) (8.2)
Other noncurrent liability (2.1) (2.6)
Other, net 1.5 0.7
Total adjustments 53.2 97.1
Net cash provided by (used in) operating activities of continuing operations 81.4 128.0
Net cash provided by (used in) operating activities of discontinued operations 0.1 (0.6)
Net cash provided by (used in) operating activities 81.5 127.4
Cash flows - investing activities:    
Prepublication and production expenditures (31.8) (32.6)
Additions to property, plant and equipment (14.1) (29.2)
Acquisition related payments (1.0) (0.1)
Proceeds from the sale of asset 1.3  
Net cash provided by (used in) investing activities of continuing operations (45.6) (61.9)
Net cash used in investing activities of discontinued operations   (1.2)
Net cash provided by (used in) investing activities (45.6) (63.1)
Cash flows - financing activities:    
Borrowings under credit agreement and revolving loan 50.0  
Repayment of credit agreement and revolving loan (50.0)  
Borrowings under lines of credit 133.0 18.8
Repayment of lines of credit (125.5) (24.4)
Repayment of capital lease obligations (0.2) (0.5)
Reacquisition of common stock (6.2) (0.1)
Proceeds pursuant to stock-based compensation plans 1.4 11.3
Payment of dividends (8.2) (7.9)
Other 0.1 (0.6)
Net cash provided by (used in) financing activities of continuing operations (5.6) (3.4)
Effect of exchange rate changes on cash and cash equivalents (0.5) 1.5
Net increase (decrease) in cash and cash equivalents 29.8 62.4
Cash and cash equivalents at beginning of period 87.4 194.9
Cash and cash equivalents at end of period $ 117.2 $ 257.3
[1] Includes amortization of prepublication and production costs.
[2] Includes an impairment of goodwill (see Note 7, "Goodwill and Other Intangibles").