Scholastic Corporation (SCHL) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 BROADWAY
NEW YORK, NY 10012
State of Incorp. DE
Fiscal Year End May 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)

2/29/2024
MRQ
11/30/2023
MRQ
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150225317367394334
Cash and cash equivalents150225317367394334
Receivables323287326345330250
Inventory, net of allowances, customer advances and progress billings302335281270271324
Inventory302335281270271324
Asset, held-for-sale, not part of disposal group   4   
Other undisclosed current assets654768474153
Total current assets:8418939961,0281,035961
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  681011
Operating lease, right-of-use asset9786827995
Property, plant and equipment524521517557577578
Long-term investments and receivables383837403129
Long-term investments383837403129
Intangible assets, net (including goodwill)147143133137138140
Goodwill133133125126125125
Intangible assets, net (excluding goodwill)15108111314
Deferred income tax assets2121222519
Other undisclosed noncurrent assets165159146132128171
Total noncurrent assets:993974945980998918
TOTAL ASSETS:1,8341,8671,9412,0082,0341,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities382393417386353402
Accounts payable160171162138154195
Accrued liabilities223222255248199207
Deferred revenue225    
Debt  22222
Other undisclosed current liabilities30208201308147138
Total current liabilities:637602620696502542
Noncurrent Liabilities
Long-term debt and lease obligation   7075286 
Long-term debt, excluding current maturities    7211 
Liabilities, other than long-term debt11810033566564
Other liabilities342633566564
Operating lease, liability8474706776
Total noncurrent liabilities:11810010313135264
Total liabilities:754702722826853606
Equity
Equity, attributable to parent, including:1,0791,1631,2171,1811,1791,272
Treasury stock, value(525)(450)(342)(328)(333)(303)
Additional paid in capital631632627627622621
Accumulated other comprehensive loss(54)(56)(45)(35)(58)(60)
Retained earnings1,0261,0369779169481,013
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest  21211
Total equity:1,0791,1651,2181,1821,1811,273
TOTAL LIABILITIES AND EQUITY:1,8341,8671,9412,0082,0341,879

Income Statement (P&L) ($ in millions)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues1,6441,7041,6431,3001,4871,654
Cost of revenue(752)(788)(766)(678)(792)(780)
Cost of goods and services sold(525)(786)(766)(667)(751)(780)
Gross profit:893916877623696874
Operating expenses(826)(810)(780)(645)(784)(1,629)
Other undisclosed operating income      780
Operating income (loss):6710697(23)(89)25
Nonoperating income (expense)
(Investment Income, Nonoperating)
   (15) 36
Interest and debt expense  (1)(3)(6)(3)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)     
Income (loss) from continuing operations before equity method investments, income taxes:6510579(29)(88)28
Other undisclosed income (loss) from continuing operations before income taxes881011(1)(2)
Income (loss) from continuing operations before income taxes:7311290(18)(90)26
Income tax expense (benefit)(14)(26)(9)746(10)
Income (loss) from continuing operations:598781(11)(44)16
Income (loss) before gain (loss) on sale of properties:81(11)(44)16
Net income (loss):598781(11)(44)16
Net loss attributable to noncontrolling interest (0)(0)(0)(0) 
Net income (loss) attributable to parent:598681(11)(44)16
Other undisclosed net loss available to common stockholders, basic   (0)  (0)
Net income (loss) available to common stockholders, diluted:598681(11)(44)16

Comprehensive Income ($ in millions)

2/29/2024
TTM
11/30/2023
TTM
5/31/2023
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income (loss):598781(11)(44)16
Other comprehensive income (loss)(1)(10)(11)241(4)
Comprehensive income (loss):58767013(42)12
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(0)(0)(0) 
Comprehensive income (loss), net of tax, attributable to parent:58767013(42)12

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.

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