School Specialty Inc (SCOO) financial statements (2023 and earlier)

Company profile

Business Address W6316 DESIGN DRIVE
GREENVILLE, WI 54942
State of Incorp. DE
Fiscal Year End December 31
SIC 50 - Wholesale Trade-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
4/30/2015
4/30/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0771,03031,86135,0978,9209,00820,769
Cash and cash equivalents2,0771,03031,86135,0978,9209,00820,769
Receivables61,71877,88869,29761,71358,68562,63158,942
Inventory, net of allowances, customer advances and progress billings71,42490,06177,16273,64996,93593,38792,582
Inventory71,42490,06177,16273,64996,93593,38792,582
Deferred costs  3,4505,2357,4248,0578,924
Prepaid expense and other current assets29,901
Other undisclosed current assets18,38716,78214,66812,70417,41720,24336,095
Total current assets:153,606185,761196,438188,398189,381193,326247,213
Noncurrent Assets
Operating lease, right-of-use asset14,768
Property, plant and equipment27,42931,90233,57928,68432,02439,04539,209
Long-term investments and receivables    715715715
Long-term investments    715715715
Intangible assets, net (including goodwill)24,73337,88664,00556,63762,64369,839110,306
Goodwill 4,58026,84221,58821,58821,588 
Intangible assets, net (excluding goodwill)24,73333,30637,16335,04941,05548,251110,306
Regulated entity, other noncurrent assets      10,200
Assets held-for-sale, long lived2,200 
Deferred tax assets, net  18524851
Other undisclosed noncurrent assets14,20615,12718,38513,70328,18734,44619,879
Total noncurrent assets:81,13684,915115,96999,209123,571146,293180,360
TOTAL ASSETS:234,742270,676312,407287,607312,952339,619427,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,93251,25744,28537,81048,92851,94330,094
Accounts payable24,01141,27726,59122,07841,58742,97722,897
Accrued liabilities1,9922,6785,6993,724   
Employee-related liabilities8,9297,30211,99512,0087,3418,9667,197
Deferred revenue7,006
Debt150,08030,35210,9895,49325,64412,388198,302
Deferred revenue and credits3,4542,9222,4902,6132,237
Contract with customer, liability5,641
Other liabilities13,43911,37915,44211,18511,72414,46021,905
Other undisclosed current liabilities      25,000
Total current liabilities:205,45798,62974,17057,41088,78681,404277,538
Noncurrent Liabilities
Long-term debt and lease obligation10,008103,583130,574131,994156,549153,987 
Long-term debt, excluding current maturities 103,583130,574131,994156,549153,987 
Operating lease, liability10,008
Liabilities, other than long-term debt4931,101172841,2401,171925
Other liabilities4931,101172841,2401,171925
Other undisclosed noncurrent liabilities      228,302
Total noncurrent liabilities:10,501104,684130,746132,078157,789155,158229,227
Total liabilities:215,958203,313204,916189,488246,575236,562506,765
Stockholders' equity
Stockholders' equity attributable to parent18,78467,363107,49198,11966,377103,057(79,192)
Common stock77711124
Treasury stock, value(34)     (186,637)
Additional paid in capital125,793125,072123,083120,855118,544120,955446,232
Accumulated other comprehensive income (loss)(1,797)(2,079)(1,425)(1,784)(1,151)(414)22,381
Accumulated deficit(105,185)(55,637)(14,174)(20,953)(51,017)(17,485)(361,192)
Total stockholders' equity:18,78467,363107,49198,11966,377103,057(79,192)
TOTAL LIABILITIES AND EQUITY:234,742270,676312,407287,607312,952339,619427,573

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
4/30/2015
4/30/2014
4/30/2013
Revenues626,073673,452658,383656,322621,868 674,998
Revenue, net658,383656,322621,868 674,998
Cost of revenue(418,475)(444,937)(415,144)(416,394)(393,710) (411,118)
Cost of goods and services sold    (393,710) (411,118)
Gross profit:207,598228,515243,239239,928228,158 263,880
Operating expenses(229,554)(246,893)(218,381)(216,967)(278,278) (422,447)
Other undisclosed operating income    37,030 109,167
Operating income (loss):(21,956)(18,378)24,85822,961(13,090) (49,400)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(82)  27145  
Interest and debt expense(28,551)(15,548)(19,488)(17,682)(19,599) (38,801)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (271) (58,389)
Income (loss) from continuing operations before equity method investments, income taxes:(50,589)(33,926)5,3705,550(32,915) (146,590)
Loss from equity method investments      (1,436)
Other undisclosed income from continuing operations before income taxes   9,178   
Income (loss) from continuing operations before income taxes:(50,589)(33,926)5,37014,728(32,915) (148,026)
Income tax expense (benefit)1,041(4,815)1,40936(617) 334
Net income (loss) available to common stockholders, diluted:(49,548)(38,741)6,77914,764(33,532) (147,692)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
4/30/2015
4/30/2014
4/30/2013
Net income (loss):(49,548)(38,741)6,77914,764(33,532) (147,692)
Comprehensive income (loss):(49,548)(38,741)6,77914,764(33,532) (147,692)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent282(654)359135(737) (1,250)
Comprehensive income (loss), net of tax, attributable to parent:(49,266)(39,395)7,13814,899(34,269) (148,942)

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: