HMHC · Houghton Mifflin Harcourt Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $417.13M | $308.67M | $146.19M | - | $386.59M | $251.22M | $189.93M | - | $565.67M |
| Cost of Revenue | - | $183.03M | $153.35M | $86.35M | - | $219.18M | $160.83M | $126.47M | - | $292.19M |
| Gross Profit | - | $234.10M | $155.32M | $59.84M | - | $167.41M | $90.39M | $63.45M | - | $273.48M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $134.95M | $114.77M | $89.23M | - | $127.32M | $106.33M | $133.35M | - | $188.96M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | $47.82M | - | $12.57M | $12.96M | $55.23M | - | $13.90M |
| Operating Income | - | $95.54M | $22.83M | ($37.30M) | - | $272.0K | ($22.21M) | ($338.18M) | - | $77.87M |
| Interest Expense | - | $8.24M | $9.98M | $8.56M | - | $16.17M | $17.48M | $16.78M | - | $11.60M |
| Income Tax | - | ($6.19M) | ($9.0K) | $2.31M | - | ($1.08M) | ($1.27M) | ($8.54M) | - | ($2.60M) |
| Net Income | - | $95.36M | $218.63M | ($51.98M) | - | ($12.55M) | ($38.17M) | ($345.97M) | - | $69.26M |
| EPS - Basic | - | $0.75 | $1.71 | - | - | ($0.10) | ($0.30) | ($2.77) | - | $0.56 |
| EPS - Diluted | - | $0.72 | $1.68 | - | - | ($0.10) | ($0.30) | ($2.77) | - | $0.55 |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $463.13M | $420.32M | $146.54M | $170.90M | $281.20M | $271.54M | $138.82M | $254.66M | $296.35M | $308.68M |
| Accounts Receivable | $135.50M | $299.41M | $266.74M | $92.48M | $152.83M | $282.18M | $273.17M | $139.98M | $184.43M | $434.90M |
| Inventory | $117.47M | $96.47M | $145.03M | $175.79M | $166.96M | $175.82M | $237.23M | $265.36M | $213.06M | $211.74M |
| Accounts Payable | $37.45M | $49.74M | $45.79M | $47.34M | $49.10M | $71.51M | $65.65M | $73.22M | $52.13M | $88.09M |
| Current Assets | $759.43M | $842.39M | $585.54M | $605.24M | $620.93M | $752.76M | $672.74M | $682.04M | $713.09M | $974.05M |
| Total Assets | $1.97B | $2.09B | $1.86B | $1.90B | $2.02B | $2.21B | $2.17B | $2.20B | $2.51B | $2.82B |
| Current Liabilities | $546.01M | $600.06M | $522.18M | $507.93M | $551.82M | $612.86M | $593.37M | $620.14M | $555.15M | $596.58M |
| Long-term Debt | $317.58M | $317.10M | $316.61M | $621.32M | $624.69M | $628.07M | $631.43M | $634.80M | $638.19M | $752.24M |
| Total Liabilities | $1.64B | $1.72B | $1.59B | $1.85B | $1.93B | $2.03B | $1.98B | $1.97B | $1.95B | $2.14B |
| Stockholders' Equity | $330.42M | $370.20M | $271.30M | $48.39M | $90.46M | $180.04M | $188.88M | $223.96M | $566.36M | $686.69M |
| Retained Earnings | ($4.04B) | ($3.99B) | ($4.09B) | ($4.31B) | ($4.26B) | ($4.17B) | ($4.16B) | ($4.12B) | ($3.78B) | ($3.65B) |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($81.26M) | - | - | - | ($156.77M) | - | - |
| Investing Cash Flow | - | - | - | ($24.70M) | - | - | - | ($30.63M) | - | - |
| Financing Cash Flow | - | - | - | ($4.34M) | - | - | - | $145.71M | - | - |
| CapEx | - | - | - | $9.95M | - | - | - | $11.88M | - | - |
| Free Cash Flow | - | - | - | ($91.20M) | - | - | - | ($168.64M) | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 56.1% | 50.3% | 40.9% | - | 43.3% | 36.0% | 33.4% | - | 48.3% |
| Operating margin | - | 22.9% | 7.4% | -25.5% | - | 0.1% | -8.8% | -178.1% | - | 13.8% |
| EBITDA margin | - | - | - | 7.2% | - | 3.3% | -3.7% | -149.0% | - | 16.2% |
| Net margin | - | 22.9% | 70.8% | -35.6% | - | -3.2% | -15.2% | -182.2% | - | 12.2% |
| Free cash flow margin | - | - | - | -62.4% | - | - | - | -88.8% | - | - |
| FCF / Net income | - | - | - | 1.75 | - | - | - | 0.49 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 32.4% | 37.2% | 61.0% | - | 32.9% | 42.3% | 70.2% | - | 33.4% |
| Effective tax rate | - | -6.9% | -0.0% | - | - | - | - | - | - | -3.9% |
| Return on assets | - | 4.6% | 11.8% | -2.7% | - | -0.6% | -1.8% | -15.8% | - | 2.5% |
| Return on equity | - | 25.8% | 80.6% | -107.4% | - | -7.0% | -20.2% | -154.5% | - | 10.1% |
| Return on invested capital | - | 13.9% | 3.9% | -4.4% | - | 0.0% | -2.1% | -31.1% | - | 5.4% |
| Liquidity | ||||||||||
| Current ratio | 1.39 | 1.40 | 1.12 | 1.19 | 1.13 | 1.23 | 1.13 | 1.10 | 1.28 | 1.63 |
| Quick ratio | 1.18 | 1.24 | 0.84 | 0.85 | 0.82 | 0.94 | 0.73 | 0.67 | 0.90 | 1.28 |
| Cash ratio | 0.85 | 0.70 | 0.28 | 0.34 | 0.51 | 0.44 | 0.23 | 0.41 | 0.53 | 0.52 |
| Leverage | ||||||||||
| Debt / Equity | 0.96 | 0.86 | 1.17 | 12.84 | 6.91 | 3.49 | 3.34 | 2.83 | 1.13 | 1.10 |
| Debt / Assets | 0.16 | 0.15 | 0.17 | 0.33 | 0.31 | 0.28 | 0.29 | 0.29 | 0.25 | 0.27 |
| Debt / EBITDA | - | - | - | 59.07 | - | 48.92 | - | - | - | 8.20 |
| Interest coverage | - | 11.6x | 2.3x | -4.4x | - | 0.0x | -1.3x | -20.1x | - | 6.7x |
| Equity multiplier | 5.97 | 5.64 | 6.85 | 39.28 | 22.34 | 12.25 | 11.47 | 9.80 | 4.44 | 4.11 |
| Liabilities / Assets | 0.83 | 0.82 | 0.85 | 0.97 | 0.96 | 0.92 | 0.91 | 0.90 | 0.77 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.20 | 0.17 | 0.08 | - | 0.18 | 0.12 | 0.09 | - | 0.20 |
| Inventory turnover | - | 1.90 | 1.06 | 0.49 | - | 1.25 | 0.68 | 0.48 | - | 1.38 |
| Days sales outstanding | - | 262d | 315d | 231d | - | 266d | 397d | 269d | - | 281d |
| Days inventory outstanding | - | 192d | 345d | 743d | - | 293d | 538d | 766d | - | 265d |
| Days payable outstanding | - | 99d | 109d | 200d | - | 119d | 149d | 211d | - | 110d |
| Cash conversion cycle | - | 355d | 552d | 774d | - | 440d | 786d | 824d | - | 435d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 7.9% | 22.9% | -23.0% | - | -31.7% | -35.4% | -2.4% | - | 9.6% |
| Revenue CAGR (3y) | - | -6.9% | -6.3% | -12.7% | - | -10.1% | -13.9% | -5.1% | - | 2.0% |
| Revenue CAGR (5y) | - | -4.8% | -4.7% | -6.6% | - | -7.6% | -7.9% | 3.1% | - | 0.5% |
| Gross profit growth (YoY) | - | 39.8% | 71.8% | -5.7% | - | -38.8% | -42.1% | 9.6% | - | 0.9% |
| Operating income growth (YoY) | - | 35023.9% | - | 89.0% | - | -99.7% | 26.6% | -232.1% | - | -15.2% |
| Net income growth (YoY) | - | - | - | 85.0% | - | - | 6.0% | -194.8% | - | -19.8% |
| EPS growth (YoY) | - | - | - | - | - | - | 9.1% | - | - | -21.4% |
| EPS CAGR (3y) | - | 0.9% | - | - | - | - | - | - | - | -9.0% |
| EPS CAGR (5y) | - | -0.3% | - | - | - | - | - | - | - | -6.0% |
| FCF growth (YoY) | - | - | - | 45.9% | - | - | - | 9.5% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 265.3% | 105.6% | 43.6% | -78.4% | -84.0% | -73.8% | -69.2% | -65.7% | -26.3% | -16.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$1.05B totalCore Solutions$550.30M · 52.4%
Extension$500.50M · 47.6%
Geographic
$1.05B totalUS$1.01B · 96.0%
International$41.58M · 4.0%
Peer comparison
Same SIC group: Books: Publishing or Publishing & Printing
Comparing Houghton Mifflin Harcourt Co against the 2 most active filers in the same SIC group.