| Cash Flow for Scholastic Corp. (SCHL) | | | | | | | Cash Flow | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Net Income | (17,200) | 60,900 | 68,600 | 64,300 | 58,400 | | Depreciation & Amortization | 64,600 | 67,000 | 65,800 | 63,100 | 53,500 | | Deferred Income Taxes | 19,100 | 1,400 | 1,800 | 20,400 | 3,000 | | Operating Losses | - | 33,000 | 36,600 | 96,300 | 28,500 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 4,300 | (81,000) | (53,700) | (61,600) | (9,000) | | Decrease in Inventories | (16,800) | (15,900) | (21,500) | 3,200 | (14,700) | | Decrease in Other Current Assets | 300 | - | (9,800) | 2,700 | 12,600 | | Increase in Payables | (700) | (9,000) | 31,600 | (12,800) | 8,300 | | Increase in Other Current Liabilities | 24,200 | (10,500) | (8,100) | 4,400 | 1,000 | | Decrease in Other Working Capital | (1,200) | - | - | - | - | | Other Non-Cash Items | 46,700 | 111,500 | 63,900 | (800) | (15,400) | | Net Cash from Continuing Operations | 181,100 | 213,100 | 235,800 | 246,600 | 212,300 | | Net Cash from Discontinued Operations | 127,500 | - | - | - | - | | Cash from Operating Activities | 308,600 | 213,100 | 235,800 | 246,600 | 212,300 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (56,800) | (103,300) | (115,700) | (49,800) | (112,200) | | Acquisitions | - | (7,300) | (3,300) | (3,700) | (8,800) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (61,300) | (34,100) | (42,200) | (106,900) | (26,600) | | Cash from Investing Activities | (123,400) | (140,700) | (161,200) | (160,400) | (147,600) | | | Issuance of Debt | 860,900 | 619,000 | 418,500 | 593,000 | 893,500 | | Issuance of Capital Stock | 37,500 | 26,800 | 28,700 | 29,900 | 7,600 | | | Repayment of Debt | (755,900) | (889,100) | (427,400) | (616,400) | (1,010,900) | | Repurchase of Capital Stock | (220,000) | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 1,000 | (600) | - | - | 3,900 | | Cash from Financing Activities | (76,500) | (243,900) | 19,800 | 6,500 | (105,900) | | | | Effect of Exchange Rate Changes | (11,100) | (11,000) | 300 | 100 | 400 | | Net Change in Cash | 97,600 | (182,500) | 94,700 | 92,800 | (40,800) | | | Cash at Beginning of Year | 22,800 | 205,300 | 110,600 | 17,800 | 58,600 | | Cash at End of Period | 120,400 | 22,800 | 205,300 | 110,600 | 17,800 | | | |
