SKILW · As filed with the SEC
Skillsoft cash flow statement, by fiscal year
The statement as Skillsoft presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2026 Year ended Jan 31, 2026 | FY2025 Year ended Jan 31, 2025 | FY2024 Year ended Jan 31, 2024 | FY2023 Year ended Jan 31, 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income (loss) | (139,824) | (121,908) | (349,285) | (724,964) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||
| Amortization expense for intangible assets | 127,346 | 127,216 | 152,511 | 176,690 |
| Stock-based compensation expense | 13,240 | 19,587 | 31,067 | 36,622 |
| Depreciation expense | 1,817 | 3,374 | 3,330 | 6,508 |
| Impairment of goodwill and intangible assets | 31,716 | 0 | 202,233 | 641,362 |
| Non-cash interest expense | 2,305 | 2,184 | 2,074 | 2,098 |
| Non-cash operating lease right-of-use asset expense | 1,604 | 2,175 | 2,940 | 3,715 |
| Non-cash property, equipment, software and operating right-of-use asset impairment charges | 19 | 2,622 | 5,230 | — |
| Provision for credit loss expense (recovery) | (119) | (61) | 341 | 375 |
| Fair value adjustment of warrants | 0 | 0 | (4,754) | (23,158) |
| Fair value adjustment of interest rate swaps | 3,733 | (1,287) | (2,756) | 1,554 |
| Non-cash reorganization items, net | — | — | — | 0 |
| Unrealized foreign currency (gain) loss | (3,148) | — | — | — |
| (Gain) loss on sale of business | 0 | 0 | 682 | (56,619) |
| Provision for (benefit from) deferred income taxes – non-cash | (8,348) | (9,990) | (22,066) | (43,082) |
| Changes in assets and liabilities: | ||||
| Accounts receivable | 7,372 | 4,087 | (2,091) | (1,560) |
| Prepaid expenses and other assets, including long-term | 681 | (132) | (4,601) | (13,588) |
| Operating right-of-use assets and operating lease liabilities | — | (4,487) | — | — |
| Accounts payable | 7,505 | (855) | (3,848) | (5,982) |
| Accrued expenses and other liabilities, including long-term | (7,710) | 5,348 | (6,425) | (20,797) |
| Lease liabilities | — | — | (3,966) | (2,335) |
| Deferred revenue | (13,139) | 2,092 | 2,202 | 2,228 |
| Net cash provided by (used in) operating activities | 25,050 | 29,965 | 2,818 | (20,933) |
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | (1,766) | (1,603) | (4,181) | (4,913) |
| Proceeds from sale of property and equipment | 0 | 10 | — | — |
| Internally developed software - capitalized costs | (16,786) | (16,765) | (13,722) | (10,352) |
| Sale of SumTotal, net of cash transferred | 0 | 0 | (5,137) | 171,995 |
| Codecademy | — | 0 | 0 | (198,914) |
| Global Knowledge | — | — | 0 | 0 |
| Skillsoft Merger | — | — | 0 | 0 |
| Pluma | — | — | 0 | 0 |
| Net cash provided by (used in) investing activities | (18,552) | (18,358) | (23,040) | (42,184) |
| Cash flows from financing activities: | ||||
| Shares repurchased for tax withholding upon vesting of restricted stock-based awards | (3,250) | (1,127) | (1,649) | (4,279) |
| Payments to acquire treasury stock | 0 | 0 | (8,046) | (2,845) |
| Proceeds from (payments on) accounts receivable facility | 0 | (43,980) | — | — |
| Accounts Receivable Facility | — | — | 5,287 | (34,936) |
| Revolving Credit Facility | — | — | — | 0 |
| Principal payments on term loans | (4,803) | (6,404) | — | — |
| Term Loan Facility | — | — | (6,404) | (37,795) |
| First and Second Out Loans | — | — | 0 | 0 |
| Proceeds from equity investment (PIPE) | — | — | 0 | 0 |
| Principal payments on capital lease obligation | — | — | 0 | 0 |
| Debt issuance costs associated with DIP and Exit facilities | — | — | — | 0 |
| Proceeds from issuance of term loans, net of fees | — | 0 | — | — |
| Term Loan Facility | — | — | 0 | 157,088 |
| DIP Facility | — | — | — | 0 |
| Exit Facility | — | — | — | 0 |
| Net cash provided by (used in) financing activities | (8,053) | (51,511) | (10,812) | 77,233 |
| Effect of exchange rate changes on cash and cash equivalents | 2,696 | (3,282) | 1 | (5,483) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,141 | (43,186) | (31,033) | 8,633 |
| Cash, cash equivalents and restricted cash, beginning of period | 103,337 | 146,523 | 177,556 | 168,923 |
| Cash, cash equivalents and restricted cash, end of period | 104,478 | 103,337 | 146,523 | 177,556 |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | 55,498 | 63,114 | 64,229 | 49,078 |
| Cash paid (received) for income taxes, net of refunds | 1,790 | 3,702 | 5,839 | 4,165 |
| Unpaid capital expenditures | — | 0 | 0 | 596 |
| Shares issued in connection with business combination | — | 0 | 0 | 182,550 |
| PIPE subscription liability and warrants reclassified to equity | — | — | 0 | 0 |
| Debt issued in connection with business combinations | — | — | 0 | 0 |
| Warrants issued in connection with business combinations | — | — | 0 | 0 |
| Modification of warrants and Class B common stock | — | — | — | 0 |
| Note issued to parent entity for paid in kind interest | — | — | — | 0 |
| Lease liabilities arising from right-of-use assets and tenant improvements recognized upon adoption of new accounting standard | — | — | — | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.