John Wiley & Sons, Inc. 10-K Filing

Ticker: WLYB · Form: 10-K · Filed: Jun 26, 2024 · CIK: 107140

John Wiley & Sons, Inc. 10-K Filing Summary
FieldDetail
CompanyJohn Wiley & Sons, Inc. (WLYB)
Form Type10-K
Filed DateJun 26, 2024
Pages15
Reading Time17 min
Key Dollar Amounts$1.00
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-K filing submitted by John Wiley & Sons, Inc. (ticker: WLYB) to the SEC on Jun 26, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $1.00 (stered Class A Common Stock, par value $1.00 per share WLY New York Stock Exchange).

How long is this filing?

John Wiley & Sons, Inc.'s 10-K filing is 15 pages with approximately 4,362 words. Estimated reading time is 17 minutes.

Where can I view the full 10-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,362 words · 17 min read · ~15 pages · Grade level 16 · Accepted 2024-06-26 15:48:26

Key Financial Figures

  • $1.00 — stered Class A Common Stock, par value $1.00 per share WLY New York Stock Exchange

Filing Documents

Business

Business 5 ITEM 1A.

Risk Factors

Risk Factors 15 ITEM 1B. Unresolved Staff Comments 26 ITEM 1C. Cybersecurity 26 ITEM 2.

Properties

Properties 28 ITEM 3.

Legal Proceedings

Legal Proceedings 28 ITEM 4. Mine Safety Disclosures 28 PART II ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 29 ITEM 6. [Reserved] 29 ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 64 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 65 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 127 ITEM 9A.

Controls and Procedures

Controls and Procedures 127 ITEM 9B. Other Information 127 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 127 PART III ITEM 10. Directors, Executive Officers and Corporate Governance 128 ITEM 11.

Executive Compensation

Executive Compensation 131 ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 131 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 132 ITEM 14. Principal Accountant Fees and Services 132 PART IV ITEM 15. Exhibits and Financial Statement Schedules 132 ITEM 16. Form 10-K Summary 137

SIGNATURES

SIGNATURES 138 2 Index Cautionary Notice Regarding Forward-Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This report contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, and results of operations. The Securities and Exchange Commission (SEC) encourages companies to disclose forward-looking information so that investors can better understand a company's prospects and make informed investment decisions. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as "anticipates," "believes," "plan," "assumes," "could," "should," "estimates," "expects," "intends," "potential," "seek," "predict," "may," "will," and similar references to future periods. All statements other than statements of historical facts included in this report regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Examples of forward-looking statements include, among others, anticipated restructuring charges and savings, operations, performance, and financial condition. Reliance should not be placed on forward-looking statements, as actual results may differ materially from those described in any forward-looking statements. Any such forward-looking statements are based upon many assumptions and estimates that are inherently subject to uncertainties and contingencies, many of which are beyond our control, and are subject to change based on many important factors. Such factors include, but are not limited to (i) the level of investment by Wiley in new technologies

Business

Item 1. Business The Company, founded in 1807, was incorporated in the state of New York on January 15, 1904. Throughout this report, when we refer to "Wiley," the "Company," "we," "our," or "us," we are referring to John Wiley & Sons, Inc. and all of our subsidiaries, except where the context indicates otherwise. Please refer to Part II, Item 8, "Financial Statements and Supplementary Data," for financial information about the Company and its subsidiaries, which is incorporated herein by reference. Also, when we cross reference to a "Note," we are referring to our "Notes to Consolidated Financial Statements," in Part II, Item 8, "Financial Statements and Supplementary Data" unless the context indicates otherwise. Wiley is one of the world's largest publishers and a global leader in research and learning.The Company's content, services, platforms, and knowledge networks are tailored to meet the evolving needs of its customers and partners, including researchers, students, instructors, professionals, institutions, and corporations. Wiley empowers knowledge seekers to transform today's biggest obstacles into tomorrow's brightest opportunities. For more than two centuries, the Company has been delivering on its timeless mission to unlock human potential. Wiley is a predominantly digital company with over 83% of its revenue for fiscal year 2024 generated by digital products and services excluding the Held for Sale or Sold segment revenue. For fiscal year 2024, 48% of revenue excluding the Held for Sale or Sold segment revenue is recurring which includes revenue that is contractually obligated or set to recur with a high degree of certainty. On June 1, 2023, Wiley's Board of Directors approved a plan to divest certain businesses that we determined are non-core businesses. Those businesses are University Services, Wiley Edge, and CrossKnowledge. On January 1, 2024 we completed the sale of University Services. The sale of Wiley Edge, with the exception of its India ope

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