Houghton Mifflin Harcourt Company (HMHC) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments296303235307432743
Cash and cash equivalents296253149226234457
Short-term investments 508681198287
Receivables184204201216256256
Inventory, net of allowances, customer advances and progress billings213184155162171184
Inventory213184155162171184
Other undisclosed current assets191530202339
Total current assets:7137066217068831,222
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset132
Property, plant and equipment100126154175150138
Intangible assets, net (including goodwill), including:1,1915216116861,6962,436
Goodwill717716783783783533
Intangible assets, net (excluding goodwill)474(908)(758)(606)(291)3,238
Other undisclosed intangible assets, net (including goodwill) 7135865091,204(1,335)
Advance royalties454846444547
Other noncurrent assets312820203828
Deferred tax assets, net34344
Other undisclosed noncurrent assets3001,0621,1081,098322(864)
Total noncurrent assets:1,8001,7891,9422,0262,2541,789
TOTAL ASSETS:2,5132,4952,5642,7313,1373,011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities185197193194230191
Accounts payable527662769451
Accrued liabilities736773728680
Employee-related liabilities575358454960
Interest and dividends payable400000
Deferred revenue305
Debt28888868
Restructuring reserve12     
Deferred revenue and credits275273231157
Other liabilities242723243527
Other undisclosed current liabilities 2565738
Total current liabilities:555488504505507451
Noncurrent Liabilities
Long-term debt and lease obligation773756760765784176
Long-term debt, excluding current maturities638756760765784176
Operating lease, liability135
Liabilities, other than long-term debt215861116183237
Deferred tax liabilities, net272271140112
Liability, pension and other postretirement and postemployment benefits151420222427
Other liabilities61718222098
Other undisclosed noncurrent liabilities597425443466464389
Total noncurrent liabilities:1,3921,2391,2641,3461,432801
Total liabilities:1,9471,7271,7681,8511,9391,251
Stockholders' equity
Stockholders' equity attributable to parent5667687958801,1981,760
Common stock111111
Treasury stock, value(518)(518)(518)(518)(463) 
Additional paid in capital4,9064,8934,8804,8684,8334,785
Accumulated other comprehensive loss(47)(45)(47)(53)(40)(27)
Accumulated deficit(3,776)(3,563)(3,522)(3,418)(3,134)(3,000)
Total stockholders' equity:5667687958801,1981,760
TOTAL LIABILITIES AND EQUITY:2,5132,4952,5642,7313,1373,011

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,3911,3221,4081,3731,4161,372
Revenue, net1,4081,3731,4161,372
Cost of revenue
(Cost of Goods and Services Sold)
(844)(725)(790)(802)(824)(824)
Gross profit:546597617570592548
Operating expenses(684)(654)(699)(854)(686)(941)
Other undisclosed operating income (loss)(25)(34)(31)(27)(22)308
Operating loss:(163)(91)(114)(311)(116)(85)
Nonoperating income (expense)(1)(0)1(1)(2)(2)
Investment income, nonoperating(1)(1)1(1)(2)(2)
Net periodic defined benefits expense (reversal of expense), excluding service cost component01
Interest and debt expense(53)(46)(43)(39)(35)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes741   
Loss from continuing operations before income taxes:(210)(132)(154)(350)(154)(105)
Income tax expense (benefit)(4)(6)506520(6)
Loss from continuing operations:(214)(137)(103)(285)(134)(111)
Income from discontinued operations 43    
Net loss available to common stockholders, diluted:(214)(94)(103)(285)(134)(111)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(214)(94)(103)(285)(134)(111)
Other comprehensive income (loss)(2)17(14)(13)(13)
Comprehensive loss, net of tax, attributable to parent:(216)(93)(96)(298)(147)(125)

Statements sources

The financial statements are based on the company's filings with the 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: