John Wiley & Sons, Inc. 10-Q Filing

Ticker: WLYB · Form: 10-Q · Filed: Sep 6, 2024 · CIK: 107140

John Wiley & Sons, Inc. 10-Q Filing Summary
FieldDetail
CompanyJohn Wiley & Sons, Inc. (WLYB)
Form Type10-Q
Filed DateSep 6, 2024
Pages15
Reading Time18 min
Key Dollar Amounts$1.00
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by John Wiley & Sons, Inc. (ticker: WLYB) to the SEC on Sep 6, 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-Q filing is 15 pages with approximately 4,596 words. Estimated reading time is 18 minutes.

Where can I view the full 10-Q 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: 4,596 words · 18 min read · ~15 pages · Grade level 16.9 · Accepted 2024-09-06 12:05:50

Key Financial Figures

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

Filing Documents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 5 Condensed Consolidated Statements of Financial Position – Unaudited as of July 31, 2024 and as of April 30, 2024 5 Condensed Consolidated Statements of Net Loss – Unaudited for the three months ended J uly 31, 2024 and 2023 6 Condensed Consolidated Statements of Comprehensive Income ( Loss ) – Unaudited for the three months ended J uly 31, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows – Unaudited for the three months ended J uly 3 1, 2024 and 2023 8 Condensed Consolidated Statements of Shareholders' Equity – Unaudited for the three months ended J uly 31, 2024 and 2023 9 Notes to Unaudited Condensed Consolidated Financial Statements Note 1. Basis of Presentation 10 Note 2. Recent Accounting Standards 10 Note 3. Divestitures 11 Note 4. Revenue Recognition, Contracts with Customers 15 Note 5. Operating Leases 18 Note 6. Stock-Based Compensation 20 Note 7. Accumulated Other Comprehensive Loss 21 Note 8. Reconciliation of Weighted Average Shares Outstanding 22 Note 9. Restructuring and Related Charges 23 Note 10. Segment Information 25 Note 11. Inventories 26 Note 12. Goodwill and Intangible Assets 27 Note 13. Income Taxes 28 Note 14. Retirement Plans 28 Note 15. Debt and Available Credit Facilities 29 Note 16. Derivative Instruments and Hedging Activities 30 Note 17. Capital Stock and Changes in Capital Accounts 32 Note 18. Commitments and Contingencies 33 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 Item 4.

Controls and Procedures

Controls and Procedures 49

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 50 Item 1A.

Risk Factors

Risk Factors 50 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50 Item 5. Other Information 50 Item 6. Exhibits 51

SIGNATURES

SIGNATURES 52 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

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS JOHN WILEY & SONS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION – UNAUDITED In thousands July 31, 2024 April 30, 2024 Assets: Current assets Cash and cash equivalents $ 82,545 $ 83,249 Accounts receivable, net of allowance for credit losses of $ 18.0 million and $ 17.3 million, respectively 192,153 224,198 Inventories, net 25,846 26,219 Prepaid expenses and other current assets 87,004 85,954 Current assets held-for-sale 5,282 34,422 Total current assets 392,830 454,042 Technology, property and equipment, net 185,104 192,438 Intangible assets, net 609,224 615,694 Goodwill 1,099,817 1,091,368 Operating lease right-of-use assets 72,424 69,074 Other non-current assets 292,635 283,719 Non-current assets held-for-sale 24 19,160 Total assets $ 2,652,058 $ 2,725,495 Liabilities and shareholders' equity: Current liabilities Accounts payable $ 38,641 $ 55,659 Accrued royalties 105,063 97,173 Short-term portion of long-term debt 8,750 7,500 Contract liabilities 367,307 483,778 Accrued employment costs 49,039 96,980 Short-term portion of operating lease liabilities 17,647 18,294 Other accrued liabilities 78,241 76,266 Current liabilities held-for-sale 24,103 37,632 Total current liabilities 688,791 873,282 Long-term debt 909,850 767,096 Accrued pension liability 67,850 70,832 Deferred income tax liabilities 97,362 97,186 Operating lease liabilities 91,587 94,386 Other long-term liabilities 76,980 71,760 Long-term liabilities held-for-sale 5,965 11,237 Total liabilities 1,938,385 1,985,779 Commitments and contingencies (Note 18) Shareholders' equity Preferred stock, $ 1 par value per share: Authorized shares – 2 million, Issued shares - 0 — — Class A common stock, $ 1 par value per share: Authorized shares - 180 million, Issued shares - 70,277 and 70,259 as of July 31, 2024 and April 30, 2024, respectively 70,277 70,259 Class B common stock, $ 1 par value per share: A

View Full Filing

View this 10-Q filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.