SKILW · As filed with the SEC

Skillsoft cash flow statement, by quarter

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.

Unaudited Condensed Consolidated Statements of Cash Flows · USD thousands

USD thousands	Q2 2027^† 3 months ended Jul 31, 2026	Q1 2027 3 months ended Apr 30, 2026	Q4 2026^† 3 months ended Jan 31, 2026	Q3 2026^† 3 months ended Oct 31, 2025	Q2 2026^† 3 months ended Jul 31, 2025	Q1 2026 3 months ended Apr 30, 2025	Q4 2025^† 3 months ended Jan 31, 2025	Q3 2024^† 3 months ended Oct 31, 2024
Cash flows from operating activities:
Net income (loss)	(42,368)^†	(43,114)	(36,708)^†	(41,279)^†	(23,788)^†	(38,049)	(31,107)^†	(23,599)^†
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization of intangible assets	—	—	—	32,068^†	31,444^†	31,608	—	31,826^†
Amortization expense for intangible assets	21,537^†	30,866	—	—	31,444^†	—	32,019^†	31,826^†
Stock-based compensation expense	2,662^†	2,842	1,953^†	3,200^†	4,006^†	4,081	9,602^†	3,646^†
Depreciation expense	317^†	452	454^†	455^†	461^†	447	970^†	1,000^†
Loss on disposal and impairment of goodwill related to disposal group	22,364^†	15,603	—	—	0^†	—	—	—
Non-cash interest expense	603^†	596	588^†	579^†	572^†	566	556^†	548^†
Non-cash operating lease right-of-use asset expense	317^†	404	407^†	385^†	404^†	408	426^†	184^†
Non-cash property, equipment, software and operating right-of-use asset impairment charges	—	—	14^†	0^†	—	—	127^†	202^†
Provision for credit loss expense (recovery)	(115)^†	(16)	6^†	55^†	52^†	(232)	(57)^†	(60)^†
Fair value adjustment of warrants	—	—	—	—	—	—	0^†	0^†
Fair value adjustment of interest rate swaps	(758)^†	(1,245)	127^†	1,478^†	(2,128)^†	4,256	(869)^†	822^†
Unrealized foreign currency (gain) loss	(9)^†	(179)	(2,106)^†	(1,042)^†	0^†	—	267^†	—
(Gain) loss on sale of business	—	—	—	—	—	—	0^†	0^†
Provision for (benefit from) deferred income taxes – non-cash	(5,150)^†	1,385	(3,457)^†	(1,982)^†	(1,684)^†	(1,225)	(1,910)^†	(1,809)^†
Changes in assets and liabilities:
Accounts receivable	9,241^†	80,875	(70,331)^†	(8,031)^†	(825)^†	86,559	(78,790)^†	7,873^†
Prepaid expenses and other assets, including long-term	(2,000)^†	4,641	(5,217)^†	5,525^†	(870)^†	1,243	(4,688)^†	7,371^†
Accounts payable	(1,259)^†	(6,107)	280^†	(5,802)^†	6,035^†	6,992	(7,548)^†	7,296^†
Accrued expenses and other liabilities, including long-term	7,281^†	(21,289)	24,225^†	(7,087)^†	(3,068)^†	(21,780)	21,554^†	(712)^†
Lease liabilities	—	—	—	—	—	—	—	(848)^†
Deferred revenue	(29,733)^†	(36,774)	77,049^†	(18,152)^†	(28,460)^†	(43,576)	81,538^†	(22,484)^†
Net cash provided by (used in) operating activities	(17,070)^†	28,940	30,455^†	(18,859)^†	(17,844)^†	31,298	17,751^†	8,717^†
Cash flows from investing activities:
Purchase of property and equipment	(293)^†	(425)	(160)^†	(467)^†	(624)^†	(515)	(783)^†	(421)^†
Proceeds from sale of property and equipment	—	—	0^†	—	—	—	0^†	—
Internally developed software - capitalized costs	(3,142)^†	(3,076)	(3,753)^†	(4,258)^†	(4,156)^†	(4,619)	(3,747)^†	(4,222)^†
Cash transferred upon sale of GK business	—	—	—	—	—	—	0^†	0^†
Net cash provided by (used in) investing activities	(13,380)^†	(3,501)	(3,913)^†	(4,725)^†	(4,780)^†	(5,134)	(4,530)^†	(4,633)^†
Cash flows from financing activities:
Tax withholding upon vesting of restricted stock-based awards	(419)^†	(114)	(59)^†	140^†	(2,979)^†	(352)	(75)^†	(573)^†
Payments to acquire treasury stock	—	—	—	—	—	—	0^†	0^†
Proceeds from (payments on) accounts receivable facility	—	—	0^†	0^†	0^†	0	(9,009)^†	(30,397)^†
Principal payments on term loans	(1,601)^†	(3,202)	0^†	(1,601)^†	(1,601)^†	(1,601)	(1,601)^†	(1,601)^†
Term Loan Facility	—	—	—	—	—	—	—	(1,601)^†
Net cash provided by (used in) financing activities	(2,020)^†	(3,316)	(59)^†	(1,461)^†	(4,580)^†	(1,953)	(10,685)^†	(32,571)^†
Effect of exchange rate changes on cash and cash equivalents	(677)^†	(356)	459^†	(839)^†	(308)^†	3,384	(1,001)^†	146^†
Net increase (decrease) in cash, cash equivalents and restricted cash	(33,147)^†	21,767	26,942^†	(25,884)^†	(27,512)^†	27,595	1,535^†	(28,341)^†
Cash, cash equivalents and restricted cash, beginning of period	126,245	104,478	77,536	103,420	130,932	103,337	101,802	130,143
Cash, cash equivalents and restricted cash, end of period	93,098	126,245	104,478	77,536	103,420	130,932	103,337	101,802
Supplemental disclosure of cash flow information and non-cash investing and financing activities:
Cash paid for interest	13,475^†	13,237	13,703^†	13,810^†	14,451^†	13,534	14,752^†	15,876^†
Cash paid (received) for income taxes, net of refunds	1,193^†	681	(1,081)^†	1,448^†	856^†	567	1,303^†	969^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.