McGraw Hill, Inc. (MH)

McGraw Hill Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	73.77	35.32	-85.84	-193.02	-404.1	-619.38
Depreciation & Amortization	240.14	248.68	255.8	282.17	298.51	225.64
Other Amortization	242.62	229.82	232.78	194.55	106.25	117.55
Loss (Gain) From Sale of Assets	-	-	-	-1.89	-	-3.24
Asset Writedown & Restructuring Costs	39	39	-	49.5	312	405
Loss (Gain) From Sale of Investments	-	-	0.24	2.58	-2.82	-
Stock-Based Compensation	8.19	33.72	-	-	-	85
Provision & Write-off of Bad Debts	4.25	2.31	2.77	10.57	0.9	2.17
Other Operating Activities	13.58	33.9	14.26	1.95	68.13	116.98
Change in Accounts Receivable	15.48	-22.9	-12.49	-42.76	-52.33	-9.98
Change in Inventory	-34.73	-29.47	26.3	-0.78	-85.62	-27.32
Change in Accounts Payable	-1.19	-21.27	85.54	-46.83	-24.98	79.82
Change in Unearned Revenue	-124.34	-6.17	166.55	61.43	175.98	6.28
Change in Other Net Operating Assets	-123.85	-211.76	-39.63	-81.31	-135.3	-172.84
Operating Cash Flow	352.92	331.17	646.28	236.16	256.62	205.7
Operating Cash Flow Growth	-12.24%	-48.76%	173.67%	-7.98%	24.76%	-47.98%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-96.71	-84.86	-71.06	-81.95	-70.04	-30.66
Sale of Property, Plant & Equipment	-	-	-	-	-	3.5
Cash Acquisitions	-29.2	-	-6	-	-21.76	-5,268
Investment in Securities	-	-	-	-	-	42.07
Other Investing Activities	-143.76	-119	-90	-54.16	-70.52	-70.27
Investing Cash Flow	-269.67	-203.86	-167.06	-136.11	-162.32	-5,323

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	-	-	30	-	175
Long-Term Debt Issued	-	-	650	-	-	3,691
Total Debt Issued	-	-	650	30	-	3,866
Short-Term Debt Repaid	-	-	-	-30	-	-175
Long-Term Debt Repaid	-	-652.19	-920.65	-77.24	-124.52	-123.66
Total Debt Repaid	-316.07	-652.19	-920.65	-107.24	-124.52	-298.66
Net Debt Issued (Repaid)	-316.07	-652.19	-270.65	-77.24	-124.52	3,567
Issuance of Common Stock	3.33	394.36	-	-	13.26	1,551
Other Financing Activities	-2.76	-7.04	-24.03	-	-93.31	-60.42
Financing Cash Flow	-315.5	-264.87	-294.68	-77.24	-204.57	5,057

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	2.02	1.25	1.67	-0.66	-4.63	2.36
Net Cash Flow	-230.23	-136.31	186.21	22.15	-114.9	-57.95

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	256.22	246.31	575.22	154.2	186.58	175.04
Free Cash Flow Growth	-20.59%	-57.18%	273.03%	-17.35%	6.59%	-51.84%
Free Cash Flow Margin	12.32%	11.71%	27.38%	7.87%	9.58%	9.78%
Free Cash Flow Per Share	1.34	1.34	3.45	0.93	1.12	1.53
Levered Free Cash Flow	469.53	378.24	681.02	364.84	106.15	475.87
Unlevered Free Cash Flow	567.67	489.82	833.21	547.87	259.53	592.5

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	185.19	207.93	274.73	333.37	257.7	179.71
Cash Income Tax Paid	7.49	76.58	46.92	43.78	16.01	19.55
Change in Working Capital	-268.63	-291.57	226.27	-110.26	-122.26	-124.03

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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