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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Cash flows - operating activities:    
Net income (loss) $ 16.3 $ 9.6
Earnings (loss) from discontinued operations, net of tax 0.2 (1.4)
Earnings (loss) from continuing operations 16.1 11.0
Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities of continuing operations:    
Provision for losses on accounts receivable 6.4 3.9
Provision for losses on inventory 16.7 16.7
Provision for losses on royalty advances 3.0 3.9
Amortization of prepublication and production costs 43.3 36.5
Depreciation and amortization 47.2 51.0
Deferred Income Taxes and Tax Credits 11.9 0.1
Asset impairments 13.4 [1] 0 [1]
Stock-based compensation 7.8 5.2
Non cash net (gain) loss on equity investments (1.7) (1.5)
Gain (Loss) on Investments 4.7 0
Changes in assets and liabilities:    
Accounts receivable 0 118.4
Inventories (77.7) (71.7)
Other current assets (7.0) (27.5)
Deferred promotion costs (2.8) (2.1)
Royalty advances (5.4) (5.9)
Accounts payable 3.8 36.8
Other accrued expenses (9.4) (58.9)
Accrued royalties 19.4 (26.9)
Deferred revenue 35.1 34.2
Pension and post-retirement liability (9.4) (11.3)
Other noncurrent liability (29.3) (4.6)
Other, net (0.9) 1.6
Total adjustments 69.1 97.9
Net cash provided by (used in) operating activities of continuing operations 85.2 108.9
Net cash provided by (used in) operating activities of discontinued operations 0.1 (1.2)
Net cash provided by (used in) operating activities 85.3 107.7
Cash flows - investing activities:    
Prepublication and production expenditures (47.3) (51.3)
Additions to property, plant and equipment (19.4) (42.1)
Payments to Acquire Buildings (253.9) 0
Acquisition related payments (1.0) (0.1)
Proceeds from the sale of asset 1.3 0
Net cash provided by (used in) investing activities of continuing operations (320.3) (93.5)
Net cash used in investing activities of discontinued operations 0 (1.4)
Net cash provided by (used in) investing activities (320.3) (94.9)
Cash flows - financing activities:    
Net borrowings under credit agreement and revolving loan 175.0 0
Borrowings under lines of credit 160.0 21.3
Repayment of lines of credit (157.1) (25.9)
Repayment of capital lease obligations (0.2) (0.8)
Reacquisition of common stock (6.2) (5.8)
Proceeds pursuant to stock-based compensation plans 10.0 12.0
Payment of dividends (12.9) (11.9)
Other 1.5 (0.9)
Net cash provided by (used in) financing activities of continuing operations 170.1 (12.0)
Effect of exchange rate changes on cash and cash equivalents (0.5) 1.0
Net increase (decrease) in cash and cash equivalents (65.4) 1.8
Cash and cash equivalents at beginning of period 87.4 194.9
Cash and cash equivalents at end of period $ 22.0 $ 196.7
[1] Includes an impairment of goodwill (see Note 7, “Goodwill and Other Intangibles”).