$SCHL

SCHOLASTIC CORP

CIK:0000866729|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Aug. 31, 2026	Aug. 31, 2025
Income Statement [Abstract]
Revenues	$ 216,800,000	$ 225,600,000
Operating costs and expenses:
Cost of goods sold	118,100,000	123,500,000
Selling, general and administrative expenses	178,300,000	177,200,000
Depreciation and amortization	12,600,000	16,300,000
Asset impairments and write downs	0	800,000
Total operating costs and expenses	309,000,000.0	317,800,000
Operating income (loss)	(92,200,000)	(92,200,000)
Interest income (expense), net	(1,600,000)	(4,500,000)
Other components of net periodic benefit (cost)	100,000	(300,000)
Earnings (loss) before income taxes	(93,700,000)	(97,000,000.0)
Provision (benefit) for income taxes	(22,500,000)	(25,900,000)
Net income (loss) attributable to Scholastic Corporation	$ (71,200,000)	$ (71,100,000)
Basic and diluted earnings (loss) per share of Class A and Common Stock
Basic (in Dollars per share)	$ (3.77)	$ (2.83)
Diluted (in Dollars per share)	$ (3.77)	$ (2.83)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Aug. 31, 2026	Aug. 31, 2025	May 31, 2026
Cash flows - operating activities:
Net income (loss) attributable to Scholastic Corporation	$ (71,200,000)	$ (71,100,000)
Adjustments to reconcile Net income (loss) to net cash provided by (used in) operating activities:
Provision for losses on accounts receivable	600,000	700,000
Provision for losses on inventory	3,300,000	3,900,000
Provision for losses on royalty advances	1,000,000.0	900,000
Amortization of prepublication costs	4,900,000	5,400,000
Amortization of film and television programs	4,200,000	1,700,000
Depreciation and amortization	15,900,000	19,400,000
Amortization of pension and postretirement plans	(100,000)	200,000
Deferred income taxes	(100,000)	200,000
Stock-based compensation	2,200,000	1,900,000
Income from equity-method investments	(0.0)	100,000
Asset impairments and write downs	0	800,000
Changes in assets and liabilities, net of amounts acquired:
Accounts receivable	49,300,000	86,100,000
Inventories	(53,700,000)	(75,600,000)
Income tax receivable	(22,500,000)	(26,600,000)
Tax credit receivable	1,900,000	2,000,000.0
Prepaid expenses and other current assets	(16,900,000)	(24,400,000)
Investment in film and television programs, net	(2,300,000)	(3,700,000)
Royalty advances	(200,000)	(4,300,000)
Accounts payable	5,900,000	18,200,000
Accrued income taxes	0.0	(1,800,000)
Accrued royalties	17,700,000	17,300,000
Deferred revenue	(7,400,000)	2,000,000.0
Other accrued expenses	(26,100,000)	(26,000,000.0)
Other, net	(1,000,000.0)	(9,100,000)
Net cash provided by (used in) operating activities	(94,600,000)	(81,800,000)
Cash flows - investing activities:
Prepublication expenditures	(4,000,000.0)	(4,900,000)
Additions to property, plant and equipment	(14,100,000)	(10,000,000.0)
Net proceeds from sale of investments	700,000	0
Other, net	100,000	0
Net cash provided by (used in) investing activities	(17,300,000)	(14,900,000)
Cash flows - financing activities:
Borrowings under lines of credit and long-term debt	104,300,000	78,000,000.0
Repayments of lines of credit and long-term debt	0	(2,900,000)
Borrowings under film related obligations	4,500,000	5,100,000
Repayments of film related obligations (including interest)	(2,600,000)	(8,600,000)
Repayments of capital lease obligations	(1,200,000)	(500,000)
Reacquisition of common stock	(25,300,000)	0
Proceeds pursuant to stock-based compensation plans	8,000,000.0	900,000
Payment of dividends	(3,800,000)	(5,200,000)
Net cash provided by (used in) financing activities	83,900,000	66,800,000
Effect of exchange rate changes on cash and cash equivalents	(100,000)	200,000
Net increase (decrease) in cash and cash equivalents	(28,100,000)	(29,700,000)
Cash and cash equivalents at beginning of period	134,900,000	124,000,000.0	$ 124,000,000.0
Cash and cash equivalents at end of period	$ 106,800,000	$ 94,300,000	$ 134,900,000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Aug. 31, 2026	May 31, 2026	Aug. 31, 2025
Current Assets:
Cash and cash equivalents	$ 106.8	$ 134.9	$ 94.3
Accounts receivable, net	186.6	236.4	187.0
Inventories, net	315.3	265.0	322.2
Income tax receivable	50.9	28.4	35.3
Tax credit receivable	17.3	19.3	19.0
Prepaid expenses and other current assets	53.3	37.3	72.4
Total current assets	730.2	721.3	730.2
Noncurrent Assets:
Property, plant and equipment, net	200.5	201.6	512.5
Prepublication costs, net	40.1	41.1	48.9
Investment in film and television programs, net	37.8	40.4	44.6
Operating lease right-of-use assets, net	287.5	291.2	97.9
Royalty advances, net	63.8	64.6	81.6
Goodwill	199.2	199.4	199.7
Other intangible assets, net	74.8	77.9	86.6
Noncurrent deferred income taxes	31.9	31.8	34.5
Other assets and deferred charges	59.5	58.8	118.1
Total noncurrent assets	995.1	1,006.8	1,224.4
Total assets	1,725.3	1,728.1	1,954.6
Current Liabilities:
Lines of credit and current portion of long-term debt	9.8	5.5	6.2
Film related obligations	19.3	17.1	14.7
Accounts payable	150.2	144.2	175.8
Accrued royalties	68.0	50.3	86.6
Deferred revenue	171.6	179.2	181.0
Other accrued expenses	129.8	158.1	138.5
Accrued income taxes	4.7	4.7	1.9
Operating lease liabilities	29.5	26.4	26.7
Total current liabilities	582.9	585.5	631.4
Noncurrent Liabilities:
Total long-term debt	175.0	75.0	325.0
Operating lease liabilities	276.1	280.6	85.3
Other noncurrent liabilities	34.8	36.2	34.9
Total noncurrent liabilities	485.9	391.8	445.2
Commitments and Contingencies (see Note 6)	0.0	0.0	0.0
Stockholders’ Equity:
Preferred Stock, $1.00 par value: Authorized, 2.0 shares; Issued and Outstanding, none	$ 0.0	$ 0.0	$ 0.0
Common stock, shares authorized (in shares)	70,000,000.0	70,000,000.0	70,000,000.0
Additional paid-in capital	$ 601.6	$ 602.5	$ 607.9
Accumulated other comprehensive income (loss)	(37.1)	(35.9)	(37.7)
Retained earnings	961.5	1,037.6	923.5
Treasury stock, at cost: 25.3, 25.0 and 18.6 shares, respectively	(869.9)	(853.8)	(616.1)
Total liabilities and stockholders’ equity	$ 1,725.3	$ 1,728.1	$ 1,954.6
Common stock, shares issued (in shares)	42,900,000	42,900,000	42,900,000
Total stockholders’ equity of Scholastic Corporation	$ 656.5	$ 750.8	$ 878.0
Common Class A
Stockholders’ Equity:
Common stock, shares authorized (in shares)	3,200,000	3,200,000	3,200,000
Common Stock, value	$ 0.0	$ 0.0	$ 0.0
Common stock, shares issued (in shares)	800,000	800,000	800,000
Common Class
Stockholders’ Equity:
Common Stock, value	$ 0.4	$ 0.4	$ 0.4