Scholastic Corporation (SCHL) financial statements (2021 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)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments353357394334392444400
Cash and cash equivalents353357394334392444400
Receivables339397330250205199196
Inventory, net of allowances, customer advances and progress billings305307271324295283271
Inventory305307271324295283271
Disposal group, including discontinued operation     01
Other undisclosed current assets61514153674482
Total current assets:1,0581,1111,035961958971950
Noncurrent Assets
Finance lease, right-of-use asset  11
Operating lease, right-of-use asset779095
Property, plant and equipment561568577578556475438
Long-term investments and receivables40393129312926
Long-term investments40393129312926
Intangible assets, net (including goodwill)137137138140131130123
Goodwill126126125125119119116
Intangible assets, net (excluding goodwill)1112131412117
Deferred costs     66
Deferred income tax assets192019
Other undisclosed noncurrent assets143142128171149150170
Total noncurrent assets:977996998918867790763
TOTAL ASSETS:2,0352,1072,0341,8791,8251,7601,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities393412353402411175346
Accounts payable134166154195199141138
Accrued liabilities25524319920721334208
Taxes payable43     
Deferred revenue122151 
Debt  221 1
Disposal group, including discontinued operation     11
Deferred revenue and credits 2424
Other undisclosed current liabilities21544147138331877
Total current liabilities:730607502542446387378
Noncurrent Liabilities
Long-term debt and lease obligation67247286    
Long-term debt, excluding current maturities 175211    
Operating lease, liability677276
Liabilities, other than long-term debt61666564596577
Other liabilities61666564596577
Total noncurrent liabilities:12831235264596577
Total liabilities:858919853606505453456
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1751,1861,1791,2721,3211,3081,258
Common stock00     
Treasury stock, value(329)(330)(333)(303)(304)(296)(317)
Additional paid in capital625624622621614607601
Accumulated other comprehensive loss(35)(42)(58)(60)(56)(94)(87)
Retained earnings9149339481,0131,0651,0911,060
Other undisclosed stockholders' equity attributable to parent  00000
Stockholders' equity attributable to noncontrolling interest1211   
Total stockholders' equity:1,1771,1881,1811,2731,3211,3081,258
TOTAL LIABILITIES AND EQUITY:2,0352,1072,0341,8791,8251,7601,713

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

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues1,1831,2791,4871,6541,6281,7421,673
Cost of revenue(685)(718)(792)(780)(745)(16)(12)
Cost of goods and services sold(469)(506)(751)(780)(745)(16)(12)
Gross profit:4985616968748841,7261,661
Operating expenses8(274)(784)(1,629)(1,573)(1,653)(1,605)
Other undisclosed operating income (loss)(584)(401) 7807451612
Operating income (loss):(79)(114)(89)25568968
Nonoperating income
(Investment Income, Nonoperating)
  36311
Interest and debt expense  (3)(2)(2)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes00     
Income (loss) from continuing operations before equity method investments, income taxes:(79)(114)(88)28578867
Other undisclosed income (loss) from continuing operations before income taxes53(1)(2)(58) 2
Income (loss) from continuing operations before income taxes:(74)(112)(90)26(2)8869
Income tax expense (benefit)425146(10)(4)(35)(25)
Net income (loss):(32)(61)(44)16(5)5344
Net loss attributable to noncontrolling interest (0)(0)    
Other undisclosed net loss attributable to parent     (0)(4)
Net income (loss) attributable to parent:(32)(61)(44)16(5)5241
Other undisclosed net loss available to common stockholders, basic   (0) (0)(0)
Net income (loss) available to common stockholders, diluted:(32)(61)(44)16(5)5240

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income (loss):(32)(61)(44)16(5)5344
Other comprehensive income (loss)24161(4)39(8)(10)
Comprehensive income (loss):(8)(45)(42)12344534
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(0)    
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0)(4)
Comprehensive income (loss), net of tax, attributable to parent:(8)(45)(42)12344531

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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