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10-Q Filing

JOHN WILEY & SONS, INC. CIK: 107140 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000107140-18-000031
Period End Date 20180731
Filing Date 20180907
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance jwa-20180731.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $169.77M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $58.52M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $113.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $84.11M USD Point-in-time
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $272.14M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $212.38M USD Point-in-time
Preferred Stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred Stock, shares authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred Stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories, net InventoryNet $36.57M USD Point-in-time
Preferred Stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories, net InventoryNet $39.49M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $58.33M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $66.48M USD Point-in-time
Total Current Assets AssetsCurrent $479.97M USD Point-in-time
Total Current Assets AssetsCurrent $488.30M USD Point-in-time
Product Development Assets ProductDevelopmentAssets $78.81M USD Point-in-time
Product Development Assets ProductDevelopmentAssets $69.10M USD Point-in-time
Royalty Advances, net AdvanceRoyaltiesNoncurrent $37.06M USD Point-in-time
Royalty Advances, net AdvanceRoyaltiesNoncurrent $25.38M USD Point-in-time
Technology, Property and Equipment, net PropertyPlantAndEquipmentNet $288.12M USD Point-in-time
Technology, Property and Equipment, net PropertyPlantAndEquipmentNet $289.93M USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $848.07M USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $811.16M USD Point-in-time
Goodwill Goodwill $997.09M USD Point-in-time
Goodwill Goodwill $1.02B USD Point-in-time
Other Non-Current Assets OtherAssetsNoncurrent $85.80M USD Point-in-time
Other Non-Current Assets OtherAssetsNoncurrent $92.97M USD Point-in-time
Total Assets Assets $2.77B USD Point-in-time
Total Assets Assets $2.84B USD Point-in-time
Accounts payable AccountsPayableCurrent $43.83M USD Point-in-time
Accounts payable AccountsPayableCurrent $90.10M USD Point-in-time
Accrued royalties AccruedRoyaltiesCurrent $78.20M USD Point-in-time
Accrued royalties AccruedRoyaltiesCurrent $73.01M USD Point-in-time
Contract liability (Deferred revenue) ContractWithCustomerLiabilityCurrent $486.35M USD Point-in-time
Contract liability (Deferred revenue) ContractWithCustomerLiabilityCurrent $392.31M USD Point-in-time
Accrued employment costs EmployeeRelatedLiabilitiesCurrent $55.29M USD Point-in-time
Accrued employment costs EmployeeRelatedLiabilitiesCurrent $116.18M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $13.14M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $13.93M USD Point-in-time
Other accrued liabilities OtherLiabilitiesCurrent $94.75M USD Point-in-time
Other accrued liabilities OtherLiabilitiesCurrent $92.73M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $874.31M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $675.51M USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $507.49M USD Point-in-time
Long-Term Debt LongTermDebtNoncurrent $360.00M USD Point-in-time
Accrued Pension Liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $190.30M USD Point-in-time
Accrued Pension Liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $177.08M USD Point-in-time
Deferred Income Tax Liabilities DeferredTaxLiabilitiesGrossNoncurrent $141.09M USD Point-in-time
Deferred Income Tax Liabilities DeferredTaxLiabilitiesGrossNoncurrent $143.52M USD Point-in-time
Other Long-Term Liabilities OtherLiabilitiesNoncurrent $96.96M USD Point-in-time
Other Long-Term Liabilities OtherLiabilitiesNoncurrent $80.76M USD Point-in-time
Total Liabilities Liabilities $1.60B USD Point-in-time
Total Liabilities Liabilities $1.65B USD Point-in-time
Preferred Stock, $1 par value: Authorized - 2 million, Issued - 0 PreferredStockValue - USD Point-in-time
Preferred Stock, $1 par value: Authorized - 2 million, Issued - 0 PreferredStockValue - USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $407.12M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $413.49M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.85B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-471.75M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-439.58M USD Point-in-time
Treasury stock (Class A - 21,721,960 and 21,853,257 as of July 31, 2018 and April 30, 2018, respectively; Class B - 3,917574 and 3,917,574 as of July 31, 2018 and April 30, 2018, respectively) TreasuryStockValue $694.22M USD Point-in-time
Treasury stock (Class A - 21,721,960 and 21,853,257 as of July 31, 2018 and April 30, 2018, respectively; Class B - 3,917574 and 3,917,574 as of July 31, 2018 and April 30, 2018, respectively) TreasuryStockValue $696.73M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.19B USD Point-in-time
Total Shareholders' Equity StockholdersEquity $1.17B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.84B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $2.77B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $411.44M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $410.90M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $114.79M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $114.39M USD 1 Quarter
Operating and administrative expenses OperatingExpenses $253.77M USD 1 Quarter
Operating and administrative expenses OperatingExpenses $245.74M USD 1 Quarter
Net charges (benefits) DefinedBenefitPlanNetPeriodicBenefitCost $-1.70M USD 1 Quarter
Restructuring and related (credits) charges RestructuringCharges $-6.09M USD 1 Quarter
Restructuring and related (credits) charges RestructuringCharges $25.73M USD 1 Quarter
Net charges (benefits) DefinedBenefitPlanNetPeriodicBenefitCost $-2.05M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $12.68M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $12.62M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $398.87M USD 1 Quarter
Total Costs and Expenses CostsAndExpenses $374.76M USD 1 Quarter
Operating Income OperatingIncomeLoss $36.14M USD 1 Quarter
Operating Income OperatingIncomeLoss $12.57M USD 1 Quarter
Interest Expense InterestExpense $2.80M USD 1 Quarter
Interest Expense InterestExpense $3.27M USD 1 Quarter
Foreign Exchange Transaction Losses ForeignCurrencyTransactionGainLossBeforeTax $-5.14M USD 1 Quarter
Foreign Exchange Transaction Losses ForeignCurrencyTransactionGainLossBeforeTax $-1.73M USD 1 Quarter
Interest and Other Income InterestAndOtherIncome $1.94M USD 1 Quarter
Interest and Other Income InterestAndOtherIncome $2.47M USD 1 Quarter
Income Before Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $34.08M USD 1 Quarter
Income Before Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $6.10M USD 1 Quarter
Provision (Benefit) for Income Taxes IncomeTaxExpenseBenefit $-3.14M USD 1 Quarter
Provision (Benefit) for Income Taxes IncomeTaxExpenseBenefit $7.79M USD 1 Quarter
Net Income NetIncomeLoss $26.30M USD 1 Quarter
Net Income NetIncomeLoss $9.24M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.46 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.16 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.16 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 57.43M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 57.02M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 57.71M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 58.11M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $26.30M USD 1 Quarter
Net income NetIncomeLoss $9.24M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $12.68M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $12.62M USD 1 Quarter
Amortization of product development spending AmortizationOfProductDevelopmentAssets $10.22M USD 1 Quarter
Amortization of product development spending AmortizationOfProductDevelopmentAssets $9.64M USD 1 Quarter
Depreciation of technology, property and equipment Depreciation $18.54M USD 1 Quarter
Depreciation of technology, property and equipment Depreciation $18.06M USD 1 Quarter
Restructuring (credits) charges RestructuringCharges $-6.09M USD 1 Quarter
Restructuring (credits) charges RestructuringCharges $25.73M USD 1 Quarter
Stock-based compensation expense (benefit) ShareBasedCompensation $3.93M USD 1 Quarter
Stock-based compensation expense (benefit) ShareBasedCompensation $-1.50M USD 1 Quarter
Employee retirement plan expense OtherPostretirementBenefitExpense $3.23M USD 1 Quarter
Employee retirement plan expense OtherPostretirementBenefitExpense $2.47M USD 1 Quarter
Royalty advances IncreaseDecreaseInPrepaidRoyalties $28.53M USD 1 Quarter
Royalty advances IncreaseDecreaseInPrepaidRoyalties $26.29M USD 1 Quarter
Earned royalty advances AmortizationOfAdvanceRoyalty $39.07M USD 1 Quarter
Earned royalty advances AmortizationOfAdvanceRoyalty $33.13M USD 1 Quarter
Impairment of publishing brand ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill $3.60M USD 1 Quarter
Impairment of publishing brand ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill - USD 1 Quarter
Foreign currency losses ForeignCurrencyTransactionGainLossBeforeTax $-5.14M USD 1 Quarter
Foreign currency losses ForeignCurrencyTransactionGainLossBeforeTax $-1.73M USD 1 Quarter
Other non-cash credits OtherNoncashIncomeExpense $2.27M USD 1 Quarter
Other non-cash credits OtherNoncashIncomeExpense $11.00M USD 1 Quarter
Net change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $163.28M USD 1 Quarter
Net change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $227.09M USD 1 Quarter
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-149.53M USD 1 Quarter
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-81.20M USD 1 Quarter
Product development spending AdditionsToProductDevelopmentAssets $7.54M USD 1 Quarter
Product development spending AdditionsToProductDevelopmentAssets $1.71M USD 1 Quarter
Additions to technology, property and equipment PaymentsToAcquirePropertyPlantAndEquipment $18.30M USD 1 Quarter
Additions to technology, property and equipment PaymentsToAcquirePropertyPlantAndEquipment $28.48M USD 1 Quarter
Acquisitions of publication rights and other PaymentsToAcquireIntangibleAssets $4.41M USD 1 Quarter
Acquisitions of publication rights and other PaymentsToAcquireIntangibleAssets $1.97M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-40.43M USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-21.98M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $28.70M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $29.90M USD 1 Quarter
Borrowing of long-term debt ProceedsFromIssuanceOfLongTermDebt $214.66M USD 1 Quarter
Borrowing of long-term debt ProceedsFromIssuanceOfLongTermDebt $177.65M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $7.99M USD 1 Quarter
Purchase of treasury shares PaymentsForRepurchaseOfCommonStock $14.02M USD 1 Quarter
Change in book overdrafts ProceedsFromRepaymentsOfBankOverdrafts $-9.39M USD 1 Quarter
Change in book overdrafts ProceedsFromRepaymentsOfBankOverdrafts $-13.98M USD 1 Quarter
Cash dividends PaymentsOfDividendsCommonStock $18.38M USD 1 Quarter
Cash dividends PaymentsOfDividendsCommonStock $19.04M USD 1 Quarter
Net proceeds from exercise of stock options and other ProceedsFromStockOptionsExercised $7.88M USD 1 Quarter
Net proceeds from exercise of stock options and other ProceedsFromStockOptionsExercised $5.60M USD 1 Quarter
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $145.19M USD 1 Quarter
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $119.21M USD 1 Quarter
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.67M USD 1 Quarter
Effects of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-4.36M USD 1 Quarter
(Decrease)/Increase for the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $26.23M USD 1 Quarter
(Decrease)/Increase for the Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-56.66M USD 1 Quarter
Balance at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $84.75M USD Point-in-time
Balance at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.59M USD Point-in-time
Balance at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $170.26M USD Point-in-time
Balance at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $58.52M USD Point-in-time
Balance at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $84.75M USD Point-in-time
Balance at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $113.59M USD Point-in-time
Balance at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $170.26M USD Point-in-time
Balance at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $58.52M USD Point-in-time
Interest InterestPaidNet $2.93M USD 1 Quarter
Interest InterestPaidNet $2.48M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $12.20M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $8.52M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $26.30M USD 1 Quarter
Net Income NetIncomeLoss $9.24M USD 1 Quarter
Unamortized retirement costs, tax provision (benefit) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $-577.00K USD 1 Quarter
Unamortized retirement costs, tax provision (benefit) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax $2.49M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-40.33M USD 1 Quarter
Unrealized gain on interest rate swaps, tax provision OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $204.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $27.41M USD 1 Quarter
Unrealized gain on interest rate swaps, tax provision OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $221.00K USD 1 Quarter
Unamortized retirement costs, tax provision (benefit) of $2,488 and $(577), respectively OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-1.95M USD 1 Quarter
Unamortized retirement costs, tax provision (benefit) of $2,488 and $(577), respectively OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $8.81M USD 1 Quarter
Unrealized gain on interest rate swaps, tax provision of $204 and $221, respectively OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-652.00K USD 1 Quarter
Unrealized gain on interest rate swaps, tax provision of $204 and $221, respectively OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-361.00K USD 1 Quarter
Total Other Comprehensive (Loss) Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $25.10M USD 1 Quarter
Total Other Comprehensive (Loss) Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-32.17M USD 1 Quarter
Comprehensive (Loss) Income ComprehensiveIncomeNetOfTax $34.33M USD 1 Quarter
Comprehensive (Loss) Income ComprehensiveIncomeNetOfTax $-5.87M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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