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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2019
Operating activities      
Net income (loss) $ 148,256 $ (74,287) $ 168,263
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment of goodwill and intangible assets 0 202,348 0
Amortization of intangible assets 74,685 62,436 54,658
Amortization of product development assets 34,365 35,975 37,079
Depreciation and amortization of technology, property and equipment 91,139 76,716 69,418
Restructuring and related charges [1] 33,310 32,607 3,118
Stock-based compensation expense 21,982 20,009 18,327
Employee retirement plan expense 12,975 10,832 5,236
Foreign exchange transaction losses (gains) 7,977 (2,773) 6,016
Other noncash charges (credits) 35,138 7,115 (11,136)
Changes in operating assets and liabilities      
Accounts receivable, net (7,263) (2,962) (64,734)
Inventories, net 7,842 (2,714) 3,820
Accounts payable (20,110) 1,163 7,369
Accrued royalties (11,011) 13,425 6,169
Contract liabilities 14,164 (118) 29,901
Accrued income taxes (13,446) (5,962) 9,613
Restructuring payments (19,667) (12,563) (15,219)
Other accrued liabilities 41,588 (7,817) (32,713)
Employee retirement plan contributions (40,676) (33,729) (40,470)
Operating lease liabilities (32,344) (28,243) 0
Royalty advances, net 3,342 (2,099) (824)
Other (22,323) (924) (3,060)
Net cash provided by operating activities 359,923 288,435 250,831
Investing activities      
Product development spending (25,954) (26,608) (24,426)
Additions to technology, property and equipment (77,407) (88,593) (77,167)
Businesses acquired in purchase transactions, net of cash acquired (299,942) (229,629) (190,415)
Acquisitions of publication rights and other (29,851) (1,840) (9,494)
Net cash used in investing activities (433,154) (346,670) (301,502)
Financing activities      
Repayment of long-term debt (562,752) (630,551) (476,246)
Borrowing of long-term debt 593,405 934,323 596,320
Payment of debt issuance costs 0 (4,006) 0
Purchase of treasury shares (15,765) (46,589) (59,994)
Change in book overdrafts 18,398 (48) (5,674)
Cash dividends (76,938) (76,658) (75,752)
Net (payments) proceeds from stock-based compensation and other (3,434) (3,794) 3,751
Net cash (used in) provided by financing activities (47,086) 172,677 (17,595)
Effects of exchange rate changes on cash, cash equivalents, and restricted cash 11,629 (4,943) (8,443)
Cash reconciliation:      
Cash and cash equivalents 202,464 92,890 169,773
Restricted cash included in Prepaid expenses and other current assets 583 658 484
Balance at beginning of year 203,047 93,548 170,257
(Decrease)/increase for year (108,688) 109,499 (76,709)
Cash and cash equivalents 93,795 202,464 92,890
Restricted cash included in Prepaid expenses and other current assets 564 583 658
Balance at end of year 94,359 203,047 93,548
Cash paid during the year for:      
Interest 17,171 23,622 14,867
Income taxes, net of refunds 41,064 41,537 48,264
Learning House [Member] | Warrants [Member]      
Noncash items associated with the acquisition of Learning House:      
Warrants to purchase 0.4 million shares of Wiley Class A Common Stock issued in connection with the Learning House acquisition $ 0 $ 0 $ 565
[1] See Note 7, “Restructuring and Related Charges” and Note 11, “Goodwill and Intangible Assets” for these charges by segment.