McGraw Hill, Inc.

MHMcGraw Hill, Inc. US flag

New York Stock Exchange

11.44

USD

-0.81

- -

2.19BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1,585	1,545	1,790	1,948	1,960	2,101
+ Sales & Services Revenue	1,585	1,545	1,790	1,948	1,960	2,101
- Cost of Revenue	358	337	419	465	420	422
+ Cost of Goods & Services	358	337	419	465	420	422
Gross Profit	1,226	1,208	1,372	1,483	1,540	1,679
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	1,143	953	1,316	1,359	1,335	1,372
+ Selling, General & Admin	1,010	833	1,036	709	706	725
+ Research & Development	- -	- -	- -	278	263	284
+ Other Operating Expense	134	120	280	372	366	362
Operating Income (Loss)	83	255	56	124	205	307
- Non-Operating (Income) Loss	207	196	779	578	373	296
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	207	196	779	578	373	296
Pretax Income	-124	59	-723	-454	-168	11
- Income Tax Expense (Benefit)	12	14	-49	-50	25	96
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-135	45	-674	-404	-193	-86
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-135	45	-674	-404	-193	-86
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-135	45	-674	-404	-193	-86
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-135	45	-674	-404	-193	-86
EBIT	83	255	56	124	205	307
EBITDA	217	375	56	496	571	669
EBITDA Margin (%)	13.69	24.26	3.12	25.45	29.13	31.85
EBITA	83	255	-224	124	205	307
Gross Margin (%)	77.39	78.21	76.62	76.15	78.56	79.9
Operating Margin (%)	5.25	16.49	3.12	6.36	10.45	14.6
Profit Margin (%)	-8.54	2.9	-37.66	-20.75	-9.85	-4.09
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	134	120	280	372	366	362
Basic Weighted Avg Shares	191	191	191	191	191	191
Basic EPS, GAAP	-0.71	0.23	-3.53	-2.12	-1.01	-0.45
Basic EPS from Cont Ops	-0.71	0.23	-3.53	-2.12	-1.01	-0.45
Diluted Weighted Avg Shares	191	191	191	191	191	191
Diluted EPS, GAAP	-0.71	0.23	-3.53	-2.12	-1.01	-0.45
Diluted EPS from Cont Ops	-0.71	0.23	-3.53	-2.12	-1.01	-0.45

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	844	911	903	904	1,053
+ Cash, Cash Equivalents & STI	- -	354	296	181	204	390
+ Cash & Cash Equivalents	- -	354	296	181	204	390
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	231	252	308	340	338
+ Accounts Receivable, Net	- -	231	252	308	340	338
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	154	226	248	214	174
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	154	226	- -	- -	- -
+ Inventory Adjustments	- -	- -	-19	-16	-18	-13
+ Other Inventory	- -	- -	19	265	232	187
+ Other ST Assets	- -	105	136	166	146	150
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	1,482	5,681	5,168	4,904	4,705
+ Property, Plant & Equip, Net	- -	196	210	177	162	145
+ Property, Plant & Equip	- -	321	227	213	215	206
- Accumulated Depreciation	- -	125	17	36	53	61
+ LT Investments & Receivables	- -	6	- -	- -	- -	- -
+ LT Investments	- -	6	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	1,280	5,471	4,991	4,742	4,560
+ Total Intangible Assets	- -	942	5,104	4,731	4,440	4,234
+ Goodwill	- -	501	2,853	2,598	2,558	2,558
+ Other Intangible Assets	- -	442	2,251	2,133	1,882	1,676
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	338	368	260	303	326
Total Assets	- -	2,326	6,592	6,072	5,808	5,758
+ Payables & Accruals	- -	213	262	254	211	298
+ Accounts Payable	- -	128	156	149	110	147
+ Accrued Taxes	- -	15	18	5	13	60
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	70	88	101	88	92
+ ST Debt	- -	33	42	44	39	26
+ ST Borrowings	- -	14	21	21	21	13
+ ST Finance Leases	- -	19	21	23	18	13
+ Other ST Liabilities	- -	724	910	851	893	1,006
+ Deferred Revenue	- -	568	617	688	736	794
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	156	293	163	156	212
Total Current Liabilities	- -	970	1,214	1,149	1,143	1,330
+ LT Debt	- -	2,176	3,655	3,546	3,491	3,229
+ LT Borrowings	- -	2,083	3,562	3,464	3,414	3,165
+ LT Finance Leases	- -	93	93	82	77	65
+ Other LT Liabilities	- -	685	774	818	806	918
+ Accrued Liabilities	- -	633	759	806	790	898
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	53	15	12	16	20
Total Noncurrent Liabilities	- -	2,861	4,429	4,364	4,296	4,147
Total Liabilities	- -	3,832	5,643	5,514	5,439	5,478
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	57	1,551	1,564	1,564	1,564
+ Common Stock	- -	- -	2	2	2	2
+ Additional Paid in Capital	- -	57	1,549	1,562	1,562	1,562
- Treasury Stock	- -	25	- -	- -	- -	- -
+ Retained Earnings	- -	-1,489	-598	-1,002	-1,195	-1,281
+ Other Equity	- -	-48	-3	-3	- -	-2
Equity Before Minority Interest	- -	-1,505	949	558	369	280
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	- -	-1,505	949	558	369	280
Total Liabilities & Equity	- -	2,326	6,592	6,072	5,808	5,758
Shares Outstanding	- -	191	191	191	191	191
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	113	114	105	94	77
Net Debt	- -	1,742	3,287	3,304	3,232	2,788
Net Debt to Equity	- -	-115.73	346.36	591.91	876.41	994.81
Tangible Common Equity Ratio	- -	-176.9	-279.18	-311.33	-297.43	-259.46
Current Ratio	- -	0.87	0.75	0.79	0.79	0.79
Cash Conversion Cycle	- -	63.08	109.4	124.46	138.57	104.05

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-135	45	- -	-404	-193	-86
+ Depreciation & Amortization	134	120	- -	372	366	362
+ Non-Cash Items	225	205	- -	411	173	143
+ Stock-Based Compensation	13	7	- -	- -	- -	- -
+ Deferred Income Taxes	-2	4	- -	-59	-30	-1
+ Asset Impairment Charge	43	31	- -	329	78	16
+ Other Non-Cash Adj	171	163	- -	141	126	129
+ Chg in Non-Cash Work Cap	41	26	- -	-122	-110	226
+ (Inc) Dec in Accts Receiv	-4	16	- -	-52	-43	-12
+ (Inc) Dec in Inventories	-6	-4	- -	-86	-1	26
+ (Inc) Dec in Prepaid Assets	-38	-46	- -	-99	-88	-100
+ Inc (Dec) in Accts Payable	-1	64	- -	-25	-47	86
+ Inc (Dec) in Other	88	-4	- -	139	68	227
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	264	395	- -	257	236	646
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	3	- -	- -	- -	20	- -
+ Disp of Fixed Prod Assets	3	- -	- -	- -	20	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-2	- -	- -	13	- -	- -
+ Increase in Capital Stock	- -	- -	- -	13	- -	- -
+ Decrease in Capital Stock	-2	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-5	- -	-22	- -	-6
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-5	- -	-22	- -	-6
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-148	-108	- -	-141	-157	-161
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-145	-113	- -	-162	-136	-167
+ Dividends Paid	-1	- -	- -	- -	- -	- -
+ Net Cash From Debt	-111	-92	- -	-125	-77	-271
+ Cash From Debt	45	737	- -	- -	30	650
+ Repayments of Debt	-155	-829	- -	-125	-107	-921
+ Other Financing Activities	- -	-20	- -	-93	- -	-24
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-114	-112	- -	-205	-77	-295
Effect of Foreign Exchange Rates	-8	-3	- -	-5	-1	2
Net Changes in Cash	4	171	- -	-110	23	185
EBITDA	217	375	56	496	571	669
EBITDA Margin (%)	13.69	24.26	3.12	25.45	29.13	31.85
Free Cash Flow	264	395	- -	257	236	646
Net Cash Paid for Acquisitions	- -	5	- -	22	- -	6
Free Cash Flow to Firm	- -	395	- -	- -	- -	646
Free Cash Flow to Equity	- -	304	- -	132	179	376
Free Cash Flow per Basic Share	1.38	2.07	- -	1.34	1.24	3.38
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	-1.95	8.84	- -	-0.64	-1.22	-7.53
Capital Expenditures	- -	- -	- -	- -	- -	- -