Scholastic Corporation (SCHL) financial statements (2020 and earlier)

Company profile

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

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments264278334392444400507
Cash and cash equivalents264278334392444400507
Receivables281325250205199196194
Inventory, net of allowances, customer advances and progress billings308358324295283271258
Inventory308358324295283271258
Disposal group, including discontinued operation    013
Other undisclosed current assets896253674482149
Total current assets:9411,0239619589719501,111
Noncurrent Assets
Property, plant and equipment579579578556475438440
Long-term investments and receivables32322931292626
Long-term investments32322931292626
Intangible assets, net (including goodwill)139138140131130123123
Goodwill125125125119119116116
Intangible assets, net (excluding goodwill)141314121177
Deferred costs    665
Other undisclosed noncurrent assets257260171149150170118
Total noncurrent assets:1,0071,009918867790763712
TOTAL ASSETS:1,9482,0321,8791,8251,7601,7131,822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities440423402411175346382
Accounts payable188189195199141138147
Accrued liabilities24823320721334208208
Taxes payable41    27
Debt  21 1 
Disposal group, including discontinued operation    1114
Deferred revenue and credits 242422
Other undisclosed current liabilities191228138331877130
Total current liabilities:630651542446387378548
Noncurrent Liabilities
Long-term debt and lease obligation63     
Long-term debt, excluding current maturities63     
Liabilities, other than long-term debt60616459657770
Other liabilities60616459657770
Other undisclosed noncurrent liabilities5256     
Total noncurrent liabilities:1191206459657770
Total liabilities:749770606505453456617
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1981,2601,2721,3211,3081,2581,205
Common stock00     
Treasury stock, value(331)(319)(303)(304)(296)(317)(350)
Additional paid in capital622621621614607601592
Accumulated other comprehensive loss(59)(57)(60)(56)(94)(87)(77)
Retained earnings9661,0151,0131,0651,0911,0601,040
Other undisclosed stockholders' equity attributable to parent  00000
Stockholders' equity attributable to noncontrolling interest111    
Total stockholders' equity:1,1991,2611,2731,3211,3081,2581,205
TOTAL LIABILITIES AND EQUITY:1,9482,0321,8791,8251,7601,7131,822

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

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Revenues1,6741,6611,6541,6281,7421,6731,636
Cost of revenue
(Cost of Goods and Services Sold)
(800)(794)(780)(745)(16)(12)(780)
Gross profit:8748678748841,7261,661856
Operating expenses(1,684)(1,632)(1,629)(1,573)(1,653)(1,605)(1,603)
Other undisclosed operating income8007947807451612780
Operating income (loss):(10)282556896833
Nonoperating income  63110
Investment income, nonoperating  63110
Foreign currency transaction gain, before tax      0
Interest and debt expense  (2)(2)(2)(2)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes33     
Income (loss) from continuing operations before equity method investments, income taxes:(7)322857886730
Income from equity method investments      2
Other undisclosed income (loss) from continuing operations before income taxes(4)(3)(2)(58) 2(2)
Income (loss) from continuing operations before income taxes:(11)2926(2)886930
Income tax expense(2)(11)(10)(4)(35)(25)(14)
Net income (loss):(13)1816(5)534416
Net loss attributable to noncontrolling interest(0)(0)     
Other undisclosed net income (loss) attributable to parent    (0)(4)279
Net income (loss) attributable to parent:(13)1816(5)5241295
Other undisclosed net loss available to common stockholders, basic(0)(0)(0) (0)(0)(0)
Net income (loss) available to common stockholders, diluted:(13)1816(5)5240295

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
5/31/2019
5/31/2018
5/31/2017
5/31/2016
5/31/2015
Net income (loss):(13)1816(5)534416
Other comprehensive income (loss)(5)(1)(4)39(8)(10)(3)
Comprehensive income (loss):(18)171234453413
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (0)(4)260
Comprehensive income (loss), net of tax, attributable to parent:(18)1712344531273

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.

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