Houghton Mifflin Harcourt Company (HMHC) Financial Statements (2026 and earlier)

Company Profile

Business Address 125 HIGH STREET
BOSTON, MA 02110
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2731 - Books: Publishing, or Publishing and Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments281296303235307432
Cash and cash equivalent281296253149226234
Short-term investments   508681198
Receivables153184204201216256
Inventory, net of allowances, customer advances and progress billings167213184155162171
Inventory167213184155162171
Other undisclosed current assets201915302023
Total current assets:621713706621706883
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 00✕✕✕✕
Operating lease, right-of-use asset127132✕✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization93100126154175150
Long-term investments and receivables4     
Long-term investments4     
Intangible asset, including goodwill, after accumulated amortization, including:8671,1915216116861,696
Goodwill438717716783783783
Intangible asset, excluding goodwill, after accumulated amortization429474(908)(758)(606)(291)
Other undisclosed intangible asset, including goodwill, after accumulated amortization   7135865091,204
Advance royalties 424548464445
Deferred income tax assets2 ✕✕✕✕
Other noncurrent assets353128202038
Deferred tax assets, net✕✕✕3434
Other undisclosed noncurrent assets2293001,0621,1081,098322
Total noncurrent assets:1,4001,8001,7891,9422,0262,254
TOTAL ASSETS:2,0212,5132,4952,5642,7313,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities138185197193194230
Interest and dividends payable1140000
Employee-related liabilities275753584549
Accounts payable495276627694
Accrued liabilities517367737286
Deferred revenue343305✕✕✕✕
Debt 19288888
Restructuring reserve2012    
Other liabilities252427232435
Deferred revenue and credits✕✕✕✕275273231
Other undisclosed current liabilities8 256573
Total current liabilities:552555488504505507
Noncurrent Liabilities
Long-term debt and lease obligation757773756760765784
Long-term debt, excluding current maturities625638756760765784
Liabilities, other than long-term debt35215861116183
Deferred tax liabilities, net✕✕✕272271140
Deferred income tax liabilities16 ✕✕✕✕
Liability, pension and other postretirement and postemployment benefits171514202224
Other liabilities2617182220
Operating lease, liability132135✕✕✕✕
Other undisclosed noncurrent liabilities587597425443466464
Total noncurrent liabilities:1,3791,3921,2391,2641,3461,432
Total liabilities:1,9311,9471,7271,7681,8511,939
Equity
Equity, attributable to parent905667687958801,198
Common stock211111
Treasury stock, value(518)(518)(518)(518)(518)(463)
Additional paid in capital4,9194,9064,8934,8804,8684,833
Accumulated other comprehensive loss(56)(47)(45)(47)(53)(40)
Accumulated deficit(4,256)(3,776)(3,563)(3,522)(3,418)(3,134)
Total equity:905667687958801,198
TOTAL LIABILITIES AND EQUITY:2,0212,5132,4952,5642,7313,137

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,0311,3911,3221,4081,3731,416
Revenue, net✕✕✕✕1,4081,3731,416
Cost of revenue
(Cost of Product and Service Sold)		(644)(844)(725)(790)(802)(824)
Gross profit:387546597617570592
Operating expenses(512)(684)(654)(699)(854)(686)
Other undisclosed operating loss(305)(25)(34)(31)(27)(22)
Operating income (loss):(429)(163)(91)(114)(311)(116)
Nonoperating income (expense)2(1)(0)1(1)(2)
Investment income, nonoperating3(1)(1)1(1)(2)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1)01✕✕✕
Interest and debt expense(66)(53)(46)(43)(39)(35)
Other undisclosed income from continuing operations before equity method investments, income taxes 1741  
Income (loss) from continuing operations before equity method investments, income taxes:(492)(210)(132)(154)(350)(154)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(492)(210)(132)(154)(350)(154)
Income tax expense (benefit)12(4)(6)506520
Income (loss) from continuing operations:(480)(214)(137)(103)(285)(134)
Income (loss) before gain (loss) on sale of properties:(480)(214)(94)(103)(285)(134)
Income from discontinued operations  43   
Net income (loss) available to common stockholders, diluted:(480)(214)(94)(103)(285)(134)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(480)(214)(94)(103)(285)(134)
Other comprehensive income (loss)(8)(2)17(14)(13)
Comprehensive income (loss), net of tax, attributable to parent:(488)(216)(93)(96)(298)(147)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: