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Financial Summary


Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company (HMHC)

Consumer Defensive
Neutral
B+
Market Info
Financial Info
Financial Modelling
Symbol HMHC
Price 5.19$
Beta 0.84
Volume Avrg. 0.77M
Market Cap 0.64B
Shares (2018) 123,444.94K
Last Div 0
Dividend Yield -
DCF Unlevered 40.55 Strong Buy
DCF Levered 35.21 Strong Buy
ROE -12.25% Sell
ROA -27.33% Sell
Operating Margin -6.85% Neutral
Debt / Equity 99.37% Buy
P/E - Neutral
P/B 1.42 Strong Buy

Income Statement

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Year 2011 2012 2013 2014 2015 2016 2017 2018
Earnings Per Share Basic -3.85-0.26-0.79-0.79-0.98-2.32-0.84-0.76
Net Profit Margin -1.68-0.07-0.08-0.08-0.09-0.22-0.08-0.07
Earnings Per Share Diluted -3.85-0.26-0.79-0.79-0.98-2.32-0.84-0.76
Revenue 1,295.301,285.641,378.611,372.321,416.061,291.981,327.031,322.42
Weighted Average Shares Outstanding --139.99141.48134.30123.01123.33123.56
Gross Profit 375.23454.22532.25548.27591.88530.44572.37596.98
Weighted Average Shares Outstanding (Diluted) 567.27340.92139.93140.59136.76122.42122.95123.44
Sales, General and Administrative Expense 638.02533.46580.89612.53681.12681.17636.33649.29
Dividend per Share --------
Operating Income -2,037.13-143.44-77.64-85.41-116.05-322.68-135.14-90.53
Gross Margin 0.290.350.390.400.420.410.430.45
Earnings before Tax -2,282.52-93.08-108.84-105.25-153.51-336.11-154.61-88.56
EBITDA Margin -1.160.360.180.170.12-0.010.120.16
Net Income -2,182.37-87.14-111.19-111.49-133.87-284.56-103.19-94.16
EBIT Margin -1.570.02-0.06-0.06-0.09-0.23-0.08-0.03
Net Income - Discounted ops --------
Profit Margin -1.69-0.07-0.08-0.08-0.10-0.22-0.08-0.07
Preferred Dividends --------
Free Cash Flow margin 0.000.000.000.000.000.000.000.00
R&D Expenses --------
Interest Expense 244.58123.2021.3418.2532.2539.1842.8045.68
Earnings Before Tax Margin -1.76-0.07-0.08-0.08-0.11-0.26-0.12-0.07
Consolidated Income -2,182.37-87.14-111.19-111.49-133.87-284.56-103.19-94.16
EBIT -2,037.9430.11-87.50-87.00-121.25-296.93-111.80-42.88
EBITDA -1,504.94458.54254.48232.77175.35-12.87154.64207.59
Income Tax Expense -100.15-5.942.356.24-19.64-51.56-51.425.60
Operating Expenses 2,412.36597.65609.89633.68707.93853.12707.51687.50
Cost of Revenue 920.07831.42846.36824.04824.18761.53754.66725.44
Net Income Com -2,182.37-87.14-111.19-111.49-133.87-284.56-103.19-94.16
Net Income - Non-Controlling int --------

Balance Sheet Statement

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Year 2011 2012 2013 2014 2015 2016 2017 2018
Total current liabilities 525.66359.35353.13450.63506.61505.15506.75487.69
Other Liabilities 298.42208.02178.71251.78318.36348.74371.14336.49
Long-term debt 2,968.09245.63243.13175.63769.28764.74760.19755.65
Cash and cash equivalents 440.11329.08313.63456.58234.26226.10148.98253.37
Total debt 3,011.59248.13245.63243.13777.28772.74768.19763.65
Cash and short-term investments 440.11475.12425.35743.35432.40306.94235.43303.20
Deferred revenue 349.94295.32297.16527.12671.80709.46683.81647.44
Inventories 242.16197.61182.19183.96171.45162.41150.69184.21
Tax Liabilities 32.07124.59117.0091.76139.8171.3822.2727.07
Goodwill and Intangible Assets 1,794.301,587.141,451.781,334.891,696.031,468.721,298.611,236.96
Deposit Liabilities --------
Tax assets 14.1542.8629.843.713.543.463.593.26
Total non-current liabilities 3,412.80726.53706.98780.341,417.021,346.281,261.651,238.96
Total current assets 2,297.402,071.141,938.771,789.012,239.132,025.751,831.221,788.85
Total liabilities 3,938.451,085.881,060.111,230.971,923.631,851.431,768.401,726.65
Payables 183.74148.84171.92131.35180.25148.41127.61143.21
Other comprehensive income -23.45-21.53-13.29-26.79-39.73-53.30-46.52-45.18
Short-term investments -146.04111.72286.76198.1580.8486.4549.83
Retained earnings (deficit) -2,690.10-2,777.24-2,888.42-2,999.91-3,133.78-3,418.34-3,521.53-3,562.97
Property, Plant & Equipment Net 152.21149.23140.85138.36149.68175.20148.66125.92
Total non-current assets 3,412.80726.53706.98780.341,417.021,346.281,261.651,238.96
Other Assets 27.9656.5945.9718.6622.8820.36153.6815.30
Net Debt 2,571.48-226.99-179.72-500.22344.88465.80532.77460.45
Investments -146.04111.72286.76198.1580.8486.4549.83
Total shareholders equity -674.551,943.701,850.281,759.681,198.32880.04795.19768.47
Total assets 3,263.903,029.582,910.392,990.653,121.952,731.472,563.592,495.12
Long-term investments --------
Receivables 256.27229.12318.10255.67256.10216.01192.57203.57
Short-term debt 43.502.502.5067.508.008.008.008.00

Cash Flow Statement

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Year 2011 2012 2013 2014 2015 2016 2017 2018
Insurance (repayment) of debt --------
Net Cash/Marketcap 0.000.000.000.00-0.00-0.00-0.00-0.00
Insurance (buybacks) of shares --------
Depreciation & Amortization 533.00428.42341.98319.78296.61284.06266.44250.47
Dividend payments --------
Operating Cash Flow 132.80104.80157.20491.04348.36143.75135.13114.92
Acquisitions and disposals -5.59-11.00-18.70-9.09-578.19--140.00
Free Cash Flow 30.9853.8697.40423.90265.3740.6078.0461.17
Net cash flow / Change in cash 33.54-84.53-15.45142.95-222.32-8.15-77.12104.39
Effect of forex changes on cash --------
Financing Cash Flow 96.04106.66-4.0819.53106.10-37.96-7.33-4.12
Investment purchases and sales 17.80-146.0331.81-175.8788.10115.64-5.5236.49
Capital Expenditure -101.82-50.94-59.80-67.14-82.99-103.15-57.09-53.74
Stock-based compensation 8.566.259.5211.3812.4510.4910.7313.25
Investing Cash Flow --------

Retained Earning Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018
Retained Earnings (Previous Year) --2,690-2,777-2,888-3,000-3,134-3,418-3,522
Net Income -2,182-87-111-111-134-285-103-94
Stock Dividends -508------53
Divident Paid --------
Retained Earnings -2,690-2,777-2,888-3,000-3,134-3,418-3,522-3,563

PPE Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018
Year 20112012201320142015201620172018
Gross PPE -152149141138150175149
Annual Depreciation 254485165941293131
Capital Expenditure -102-51-60-67-83-103-57-54
Net PPE 152149141138150175149126

Intangible and Goodwill Schedule

Year 2011 2012 2013 2014 2015 2016 2017 2018
Intangible and Goodwill (Previous Year) -1,7941,5871,4521,3351,6961,4691,299
New Purchases 18-14632-17688116-636
Intangible and Goodwill 1,7941,5871,4521,3351,6961,4691,2991,237
Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company (HMHC)

5.19
0.09 (+1.67%)

About


John J. Lynch
Consumer Defensive
Education
Nasdaq Global Select

Houghton Mifflin Harcourt Co provides content, services and technology to both educational institutions and consumers, reaching over 50 million students in more than 150 countries. It also published trade and reference materials.