Press Release: Scholastic Reports Q4 and Fiscal 2014 Results and Fiscal 2015 Outlook
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Free cash flow (as defined) for the fiscal year was $63.7 million, compared to $59.6 million in fiscal 2013. During the fourth quarter, Scholastic repaid $42.8 million of debt incurred as a result of the Company's purchase of its headquarters location in New York City in February 2014. At year end, the Company's net debt (as defined) was $114.9 million. A year ago, cash and cash equivalents exceeded the Company's total debt by $85.4 million.
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- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.
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