Cambium Learning Group Inc (ABCD) Financial Statements (2023 and Earlier)

Company Profile

Business Address 17855 NORTH DALLAS PARKWAY, SUITE 400
DALLAS, TX 75287
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2741 - Miscellaneous Publishing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4934,9308,64534,38767,99351,904
Cash and cash equivalents8,4934,9308,64534,38767,99351,904
Restricted cash and investments9619881,2651,3451,343 
Receivables12,93713,37814,64014,30415,76717,813
Inventory, net of allowances, customer advances and progress billings2,3822,8644,6945,3379,22116,620
Inventory2,3822,8644,6945,3379,22116,620
Prepaid expense1,7621,5331,3671,7141,369
Deferred costs9,2468,6508,5145,9084,9684,132
Prepaid expense and other current assets5,892
Assets held-for-sale 380
Income taxes receivable 12,234
Deferred tax assets   546536137
Other current assets1851,052100  
Other undisclosed current assets     118
Total current assets:35,96633,39539,22563,541101,197109,230
Noncurrent Assets
Property, plant and equipment22,08623,50722,54020,85620,31521,021
Intangible assets, net (including goodwill)47,12553,99358,49464,81167,51772,162
Goodwill43,51847,84247,84247,84247,84247,404
Intangible assets, net (excluding goodwill)3,6076,15110,65216,96919,67524,758
Restricted cash and investments1,2932,2783,0994,1525,4926,754
Deferred costs   8284,5416,121
Other noncurrent assets3,7123,5204,8177,6358,288
Prepaid expense and other noncurrent assets9,632
Deferred tax assets, net30,614  (559)(570)(273)
Other undisclosed noncurrent assets17,75815,24713,21010,3029,4305,812
Total noncurrent assets:122,58898,545102,160108,025115,013121,229
TOTAL ASSETS:158,554131,940141,385171,566216,210230,459
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,50913,89216,21732,94826,58023,537
Accounts payable2,3882,1721,9931,6121,3013,007
Accrued liabilities12,12111,72014,22417,43225,27920,530
Employee-related liabilities   8,785  
Interest and dividends payable   5,119  
Debt5,9587,3503,8501,0769951,290
Deferred compensation liability     57
Deferred revenue and credits86,91383,31874,10761,78853,53245,974
Other undisclosed current liabilities   (13,904) 7,542
Total current liabilities:107,380104,56094,17481,90881,10778,400
Noncurrent Liabilities
Long-term debt and lease obligation41,84167,13097,872140,666176,510177,342
Long-term debt, excluding current maturities41,84167,13097,872139,723174,491174,328
Capital lease obligations   9432,0193,014
Liabilities, other than long-term debt23,62521,51223,50838,12634,12734,463
Deferred revenue and credits13,99511,39511,48110,4529,0307,088
Pension and other postretirement defined benefit plans, liabilities10,24111,392
Accounts payable and accrued liabilities   1,237  
Accrued income taxes902852
Deferred compensation liability, classified   359  
Liability, pension and other postretirement and postemployment benefits   11,440
Other liabilities9,63010,11712,02714,63813,95415,131
Other undisclosed noncurrent liabilities   (14,079)(12,344)(13,701)
Total noncurrent liabilities:65,46688,642121,380164,713198,293198,104
Total liabilities:172,846193,202215,554246,621279,400276,504
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,292)(61,262)(74,169)(75,055)(63,190)(46,045)
Common stock535352525151
Treasury stock, value(12,784)(12,784)(12,784)(12,784)(12,147)(7,528)
Additional paid in capital289,022286,943285,306284,243283,673282,450
Accumulated other comprehensive loss(2,093)(1,929)(2,768)(3,916)(2,072)(2,576)
Accumulated deficit(288,490)(333,545)(343,975)(342,650)(332,695)(318,442)
Warrants and rights outstanding     300
Other undisclosed stockholders' equity attributable to parent     (300)
Total stockholders' equity:(14,292)(61,262)(74,169)(75,055)(63,190)(46,045)
TOTAL LIABILITIES AND EQUITY:158,554131,940141,385171,566216,210230,459

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
158,184152,358144,920141,747150,520148,559
Cost of revenue(45,534)(48,264)(48,700)(56,144)(64,207)(75,679)
Cost of goods and services sold(27,566)(30,122)(31,330)(37,874)(46,688)(50,963)
Gross profit:112,650104,09496,22085,60386,31372,880
Operating expenses(84,566)(82,077)(76,166)(73,348)(75,106)(185,602)
Other operating expense, net     (81,535)
Other undisclosed operating income (loss)(7,122)(3,406)(3,868)(4,209)(7,240)78,304
Operating income (loss):20,96218,61116,1868,0463,967(115,953)
Nonoperating income
(Other Nonoperating income)
  6791,1807641,125
Interest and debt expense(5,228)(7,904)(18,010)(18,585)(19,010)(19,116)
Other undisclosed income from continuing operations before equity method investments, income taxes   4191433
Income (loss) from continuing operations before equity method investments, income taxes:15,73410,707(1,145)(9,355)(14,088)(133,511)
Other undisclosed income from continuing operations before income taxes231613   
Income (loss) from continuing operations before income taxes:15,75710,723(1,132)(9,355)(14,088)(133,511)
Income tax expense (benefit)29,298(293)(193)(600)(165)(272)
Net income (loss) available to common stockholders, diluted:45,05510,430(1,325)(9,955)(14,253)(133,783)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):45,05510,430(1,325)(9,955)(14,253)(133,783)
Comprehensive income (loss):45,05510,430(1,325)(9,955)(14,253)(133,783)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(164)8391,148(1,844)504(945)
Comprehensive income (loss), net of tax, attributable to parent:44,89111,269(177)(11,799)(13,749)(134,728)

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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