McGraw-Hill annual revenue was $1.6 b in FY 2018

McGraw-Hill Gross profit (Q3, 2019)410.6 M

McGraw-Hill Gross profit margin (Q3, 2019), %75.7%

McGraw-Hill Net income (Q3, 2019)53.4 M

McGraw-Hill EBIT (Q3, 2019)102.8 M

McGraw-Hill Cash, 30-Sept-2019323.8 M

McGraw-Hill revenue was $1.6 b in FY, 2018 which is a 7.1% year over year decrease from the previous period.

## Founding Date | 1888 |

McGraw-Hill revenue breakdown by business segment: 35.1% from K-12, 7.3% from Professional, 16.0% from International, 41.4% from Higher Education and 0.2% from Other

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 1.7b | 1.7b | 1.6b |

| (5%) | (1%) | (7%) |

## Cost of goods sold | 427.4m | 426.6m | 394.4m |

## Gross profit | 1.3b | 1.3b | 1.2b |

| 75% | 75% | 75% |

## General and administrative expense | 1.1b | 1.1b | 1.0b |

## Operating expense total | 1.2b | 1.2b | 1.2b |

## Depreciation and amortization | 127.9m | 133.3m | 133.7m |

## EBIT | 106.1m | 93.4m | 30.7m |

| 6% | 5% | 2% |

## Interest expense | 199.5m | 179.4m | 180.6m |

## Pre tax profit | (120.0m) | (73.3m) | (149.9m) |

## Income tax expense | 15.1m | (7.4m) | 10.5m |

## Net Income | (137.0m) | (65.9m) | (160.4m) |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 284.0m | 405.4m | 635.3m | 278.4m | 384.2m | 552.1m | 279.0m | 385.0m | 542.6m |

## Cost of goods sold | 64.8m | 105.6m | 146.3m | 61.5m | 102.7m | 140.0m | 63.9m | 98.2m | 132.0m |

## Gross profit | 219.3m | 299.8m | 489.1m | 216.9m | 281.5m | 412.1m | 215.0m | 286.8m | 410.6m |

| 77% | 74% | 77% | 78% | 73% | 75% | 77% | 74% | 76% |

## General and administrative expense | 259.7m | 266.7m | 281.8m | 263.2m | 251.2m | 275.0m | 252.2m | 248.4m | 274.8m |

## Operating expense total | 259.7m | 299.9m | 314.6m | 295.5m | 283.0m | 307.5m | 283.3m | 279.5m | 307.8m |

## Depreciation and amortization | 33.6m | 33.2m | 32.8m | 33.3m | 31.8m | 32.5m | 31.1m | 30.1m | 33.0m |

## EBIT | (76.1m) | (83.0k) | 174.5m | (78.6m) | (1.5m) | 104.6m | (68.3m) | 7.3m | 102.8m |

| (27%) | 0% | 27% | (28%) | 0% | 19% | (24%) | 2% | 19% |

## Interest expense | 43.2m | 44.1m | 45.6m | 42.0m | 47.9m | 45.8m | 45.3m | 46.4m | 45.9m |

## Pre tax profit | (117.3m) | (31.3m) | 128.9m | (120.5m) | (49.4m) | 58.9m | (113.6m) | (39.2m) | 56.9m |

## Income tax expense | (1.1m) | 5.8m | 3.6m | 519.0k | 627.0k | 3.2m | 1.4m | 2.4m | 3.4m |

## Net Income | (116.2m) | (37.0m) | 125.5m | (121.1m) | (50.0m) | 55.6m | (114.9m) | (41.5m) | 53.4m |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 418.8m | 407.6m | 314.9m |

## Accounts Receivable | 265.8m | 274.8m | 346.4m |

## Prepaid Expenses | 101.1m | 95.4m | 91.4m |

## Inventories | 174.7m | 169.1m | 185.5m |

## Current Assets | 960.2m | 946.8m | 958.0m |

## PP&E | 96.7m | 95.5m | 102.5m |

## Goodwill | 492.1m | 497.3m | 494.1m |

## Total Assets | 2.6b | 2.5b | 2.5b |

## Accounts Payable | 129.5m | 113.9m | 132.6m |

## Short-term debt | 15.8m | 17.3m | 31.3m |

## Current Liabilities | 779.2m | 815.3m | 932.1m |

## Long-term debt | 2.3b | 2.2b | 2.2b |

## Total Debt | 2.3b | 2.2b | 2.2b |

## Total Liabilities | 3.7b | 3.7b | 3.8b |

## Common Stock | 104.0k | 104.0k | 105.0k |

## Additional Paid-in Capital | 3.7m | 40.8m | |

## Retained Earnings | (1.0b) | (1.2b) | (1.3b) |

## Total Equity | 2.6b | (1.2b) | (1.3b) |

## Debt to Equity Ratio | 0.9 x | -1.9 x | -1.7 x |

## Debt to Assets Ratio | 0.9 x | 0.9 x | 0.9 x |

## Financial Leverage | 1 x | -2.1 x | -1.9 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | (116.0m) | (65.9m) | (160.4m) |

## Depreciation and Amortization | 240.3m | 255.0m | 242.2m |

## Accounts Receivable | (3.8m) | (3.1m) | (80.8m) |

## Inventories | (26.8m) | (13.7m) | (45.3m) |

## Accounts Payable | (61.9m) | (12.3m) | (12.4m) |

## Cash From Operating Activities | 198.0m | 263.9m | 156.4m |

## Capital Expenditures | (38.2m) | (45.1m) | (63.2m) |

## Cash From Investing Activities | (139.4m) | (135.7m) | (160.7m) |

## Long-term Borrowings | (1.8b) | (23.5m) | (27.7m) |

## Dividends Paid | (320.4m) | (3.6m) | (3.1m) |

## Cash From Financing Activities | (190.9m) | (142.3m) | (52.4m) |

## Net Change in Cash | (134.4m) | (11.1m) | (61.7m) |

## Interest Paid | 169.7m | 166.0m | 164.9m |

## Income Taxes Paid | 7.5m | 11.5m | 8.8m |

## Free Cash Flow | 159.7m | 218.8m | 93.1m |

USD | FY, 2016 |
---|---|

## Revenue/Employee | 373.7k |

## Debt/Equity | 0.9 x |

## Debt/Assets | 0.9 x |

## Financial Leverage | 1 x |

McGraw-Hill's Enterprise Customers was reported to be 13 k in FY, 2018.

FY, 2014 | FY, 2015 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Aleks Unique Users (Global Higher ED, K-12) | 2 m | 2.7 m | 3.3 m | 1.5 m | 2 m | 3.5 m | 4 m | 1.6 m | 2.2 m | 3.9 m | 4.4 m | 1.8 m | 2.5 m | 4.3 m |

## Connect ED Unique Users (K-12) | 3.5 m | 5.2 m | 7.1 m | 3.7 m | 4 m | 7.2 m | 8.6 m | 4.4 m | 4.8 m | 9 m | ||||

## Connect/Learnsmart Paid Activations (US Higher ED) | 2.6 m | 3 m | 3.3 m | 1.4 m | 1.7 m | 3.4 m | 3.6 m | 1.5 m | 1.9 m | 3.6 m | 3.9 m | 1.5 m | 2 m | 3.9 m |

## Enterprise Customer (Professional) | 2.7 k | 2.6 k | 2.6 k | 2.6 k | ||||||||||

## Enterprise Customers | 13 k | 13 k | 13 k |