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 investments | 309 | 301 | 367 | 394 | 334 | 392 | 444 | ||
| Cash and cash equivalents | 309 | 301 | 367 | 394 | 334 | 392 | 444 | ||
| Receivables | 311 | 383 | 345 | 330 | 250 | 205 | 199 | ||
| Inventory, net of allowances, customer advances and progress billings | 299 | 279 | 270 | 271 | 324 | 295 | 283 | ||
| Inventory | 299 | 279 | 270 | 271 | 324 | 295 | 283 | ||
| Disposal group, including discontinued operation | 0 | ||||||||
| Other undisclosed current assets | 72 | 64 | 47 | 41 | 53 | 67 | 44 | ||
| Total current assets: | 991 | 1,028 | 1,028 | 1,035 | 961 | 958 | 971 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 10 | 11 | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 69 | 67 | 79 | 95 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 521 | 536 | 557 | 577 | 578 | 556 | 475 | ||
| Long-term investments and receivables | 40 | 40 | 40 | 31 | 29 | 31 | 29 | ||
| Long-term investments | 40 | 40 | 40 | 31 | 29 | 31 | 29 | ||
| Intangible assets, net (including goodwill) | 135 | 135 | 137 | 138 | 140 | 131 | 130 | ||
| Goodwill | 126 | 126 | 126 | 125 | 125 | 119 | 119 | ||
| Intangible assets, net (excluding goodwill) | 9 | 9 | 11 | 13 | 14 | 12 | 11 | ||
| Deferred costs | 6 | ||||||||
| Deferred income tax assets | 25 | 25 | 25 | 19 | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent assets | 159 | 150 | 132 | 128 | 171 | 149 | 150 | ||
| Total noncurrent assets: | 949 | 953 | 980 | 998 | 918 | 867 | 790 | ||
| TOTAL ASSETS: | 1,941 | 1,981 | 2,008 | 2,034 | 1,879 | 1,825 | 1,760 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 446 | 442 | 386 | 353 | 402 | 411 | 175 | ||
| Accounts payable | 173 | 181 | 138 | 154 | 195 | 199 | 141 | ||
| Accrued liabilities | 269 | 257 | 248 | 199 | 207 | 213 | 34 | ||
| Taxes payable | 4 | 5 | |||||||
| Deferred revenue | 192 | ✕ | ✕ | ✕ | |||||
| Debt | 2 | 2 | 2 | 1 | |||||
| Disposal group, including discontinued operation | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 24 | |||
| Other undisclosed current liabilities | 213 | 37 | 308 | 147 | 138 | 33 | 187 | ||
| Total current liabilities: | 659 | 672 | 696 | 502 | 542 | 446 | 387 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 57 | 55 | 75 | 286 | |||||
| Long-term debt, excluding current maturities | 7 | 211 | |||||||
| Operating lease, liability | 57 | 55 | 67 | 76 | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 39 | 44 | 56 | 65 | 64 | 59 | 65 | ||
| Other liabilities | 39 | 44 | 56 | 65 | 64 | 59 | 65 | ||
| Total noncurrent liabilities: | 96 | 99 | 131 | 352 | 64 | 59 | 65 | ||
| Total liabilities: | 755 | 771 | 826 | 853 | 606 | 505 | 453 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,184 | 1,209 | 1,181 | 1,179 | 1,272 | 1,321 | 1,308 | ||
| Treasury stock, value | (330) | (323) | (328) | (333) | (303) | (304) | (296) | ||
| Additional paid in capital | 627 | 625 | 627 | 622 | 621 | 614 | 607 | ||
| Accumulated other comprehensive loss | (43) | (44) | (35) | (58) | (60) | (56) | (94) | ||
| Retained earnings | 930 | 950 | 916 | 948 | 1,013 | 1,065 | 1,091 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 1 | 2 | 1 | 1 | ||||
| Total stockholders' equity: | 1,185 | 1,210 | 1,182 | 1,181 | 1,273 | 1,321 | 1,308 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,941 | 1,981 | 2,008 | 2,034 | 1,879 | 1,825 | 1,760 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,530 | 1,463 | 1,300 | 1,487 | 1,654 | 1,628 | 1,742 | |
| 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: | 782 | 735 | 623 | 696 | 874 | 884 | 1,726 | |
| Operating expenses | (740) | (698) | (645) | (784) | (1,629) | (1,573) | (1,653) | |
| Other undisclosed operating income | 780 | 745 | 16 | |||||
| Operating income (loss): | 42 | 37 | (23) | (89) | 25 | 56 | 89 | |
| Nonoperating income (Investment Income, Nonoperating) | 3 | 6 | 3 | 1 | ||||
| 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: | 35 | 31 | (29) | (88) | 28 | 57 | 88 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 9 | 11 | 11 | (1) | (2) | (58) | ||
| Income (loss) from continuing operations before income taxes: | 44 | 42 | (18) | (90) | 26 | (2) | 88 | |
| Income tax expense (benefit) | (7) | (4) | 7 | 46 | (10) | (4) | (35) | |
| Net income (loss): | 37 | 38 | (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: | 36 | 38 | (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: | 36 | 38 | (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): | 37 | 38 | (11) | (44) | 16 | (5) | 53 | |
| Other comprehensive income (loss) | (7) | (3) | 24 | 1 | (4) | 39 | (8) | |
| Comprehensive income (loss): | 29 | 35 | 13 | (42) | 12 | 34 | 45 | |
| 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: | 29 | 35 | 13 | (42) | 12 | 34 | 45 | |
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.