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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Apr. 30, 2016
Operating Activities      
Net Income $ 192,186 $ 113,643 $ 145,782
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of intangibles 48,230 49,669 49,764
Amortization of product development spending 41,432 40,209 39,658
Depreciation of technology, property, and equipment 64,327 66,683 66,427
Restructuring charges 28,566 13,355 28,611
Deferred income tax benefit on U.K. rate changes 0 (2,575) (5,859)
Stock-based compensation expense 11,244 17,552 16,105
Excess tax benefits from stock-based compensation 0 (414) (1,027)
Employee retirement plan expense 7,388 13,169 14,323
Royalty advances (122,602) (112,370) (110,135)
Earned royalty advances 116,620 114,647 109,102
Impairment of publishing brand 3,600 0 0
Foreign currency gains (losses) 12,819 (421) (473)
Unfavorable tax litigation 0 49,029 0
One-time pension settlement 0 8,842 0
Other non-cash (credits) charges (30,752) (6,450) 1,936
Income tax deposits 0 0 (1,151)
Changes in Operating Assets and Liabilities      
Accounts receivable, net (14,209) (29,886) (14,456)
Inventories 13,517 8,003 3,571
Accounts payable 16,543 (24,182) 7,169
Royalties payable 3,664 4,325 (3,172)
Deferred revenue 36,243 22,692 66,983
Income taxes payable (565) 19,479 (7,091)
Restructuring payments (30,595) (22,854) (29,864)
Other accrued liabilities 1,022 10,367 14,968
Employee retirement plan contributions (27,550) (39,687) (34,214)
Other 10,710 2,078 (7,000)
Net Cash Provided by Operating Activities 381,838 314,903 349,957
Investing Activities      
Product development spending (36,503) (43,603) (44,578)
Additions to technology, property, and equipment (114,225) (105,058) (86,399)
Acquisitions of publication rights and other (26,683) (28,842) (20,418)
Businesses acquired in purchase transactions, net of cash acquired 0 (125,924) 0
Proceeds from settlement of foreign exchange forward contracts 0 60,417 0
Net Cash Used In Investing Activities (177,411) (243,010) (151,395)
Financing Activities      
Repayment of long-term debt (467,915) (923,007) (460,085)
Repayment of short-term debt 0 0 (150,000)
Borrowing of long-term debt 459,304 683,000 415,000
Borrowing of short-term debt 0 0 50,000
Purchase of treasury shares (39,688) (50,326) (69,977)
Change in book overdrafts (4,191) (214) 1,725
Cash dividends (73,542) (71,545) (69,896)
Debt financing costs 0 0 (3,362)
Net proceeds (payments) from exercise of stock options and other 29,201 15,506 (95)
Excess tax benefits from stock-based compensation 0 414 1,027
Net Cash Used in Financing Activities (96,831) (346,172) (285,663)
Effects of Exchange Rate Changes on Cash 3,661 (31,011) (6,534)
Cash and Cash Equivalents      
Increase/(Decrease) for year 111,257 (305,290) (93,635)
Balance at beginning of year 58,516 363,806 457,441
Balance at end of year 169,773 58,516 363,806
Cash Paid During the Year for      
Interest 12,221 15,733 15,050
Income taxes, net $ 48,709 $ 33,674 $ 38,579