Scholastic Corporation (SCHL) financial statements (2022 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)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments309301367394334392444
Cash and cash equivalents309301367394334392444
Receivables311383345330250205199
Inventory, net of allowances, customer advances and progress billings299279270271324295283
Inventory299279270271324295283
Disposal group, including discontinued operation      0
Other undisclosed current assets72644741536744
Total current assets:9911,0281,0281,035961958971
Noncurrent Assets
Finance lease, right-of-use asset  1011
Operating lease, right-of-use asset69677995
Property, plant and equipment521536557577578556475
Long-term investments and receivables40404031293129
Long-term investments40404031293129
Intangible assets, net (including goodwill)135135137138140131130
Goodwill126126126125125119119
Intangible assets, net (excluding goodwill)991113141211
Deferred costs      6
Deferred income tax assets25252519
Other undisclosed noncurrent assets159150132128171149150
Total noncurrent assets:949953980998918867790
TOTAL ASSETS:1,9411,9812,0082,0341,8791,8251,760
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities446442386353402411175
Accounts payable173181138154195199141
Accrued liabilities26925724819920721334
Taxes payable45     
Deferred revenue 192  
Debt  2221 
Disposal group, including discontinued operation      1
Deferred revenue and credits 24
Other undisclosed current liabilities2133730814713833187
Total current liabilities:659672696502542446387
Noncurrent Liabilities
Long-term debt and lease obligation575575286   
Long-term debt, excluding current maturities  7211   
Operating lease, liability57556776
Liabilities, other than long-term debt39445665645965
Other liabilities39445665645965
Total noncurrent liabilities:9699131352645965
Total liabilities:755771826853606505453
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1841,2091,1811,1791,2721,3211,308
Treasury stock, value(330)(323)(328)(333)(303)(304)(296)
Additional paid in capital627625627622621614607
Accumulated other comprehensive loss(43)(44)(35)(58)(60)(56)(94)
Retained earnings9309509169481,0131,0651,091
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest21211  
Total stockholders' equity:1,1851,2101,1821,1811,2731,3211,308
TOTAL LIABILITIES AND EQUITY:1,9411,9812,0082,0341,8791,8251,760

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

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Revenues1,5301,4631,3001,4871,6541,6281,742
Cost of revenue(748)(728)(678)(792)(780)(745)(16)
Cost of goods and services sold(739)(715)(667)(751)(780)(745)(16)
Gross profit:7827356236968748841,726
Operating expenses(740)(698)(645)(784)(1,629)(1,573)(1,653)
Other undisclosed operating income    78074516
Operating income (loss):4237(23)(89)255689
Nonoperating income
(Investment Income, Nonoperating)
   3631
Interest and debt expense  (6)(3)(2)(2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(6)     
Income (loss) from continuing operations before equity method investments, income taxes:3531(29)(88)285788
Other undisclosed income (loss) from continuing operations before income taxes91111(1)(2)(58) 
Income (loss) from continuing operations before income taxes:4442(18)(90)26(2)88
Income tax expense (benefit)(7)(4)746(10)(4)(35)
Net income (loss):3738(11)(44)16(5)53
Net income (loss) attributable to noncontrolling interest(0)0(0)(0)   
Other undisclosed net loss attributable to parent(0)(0)    (0)
Net income (loss) attributable to parent:3638(11)(44)16(5)52
Other undisclosed net loss available to common stockholders, basic(0)(0)  (0) (0)
Net income (loss) available to common stockholders, diluted:3638(11)(44)16(5)52

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
Net income (loss):3738(11)(44)16(5)53
Other comprehensive income (loss)(7)(3)241(4)39(8)
Comprehensive income (loss):293513(42)123445
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)(0)   
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)(0)    (0)
Comprehensive income (loss), net of tax, attributable to parent:293513(42)123445

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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