Press Release: Scholastic Reports Fiscal 2015 Second Quarter Results
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During the second quarter, the Company generated free cash flow (as defined) of $125.7 million, compared to $129.4 million in the prior year period. At quarter-end, the Company's net debt (as defined) was $61.3 million. A year ago, cash and cash equivalents exceeded the Company's total debt by $107.6 million, prior to the Company's strategic purchase of its headquarters location in New York City in February 2014. In the second quarter, Scholastic repaid $94.7 million of debt, distributed $5.1 million in dividends to its shareholders, and repurchased $3.5 million of its common stock in open-market transactions.
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- Companies:
- Scholastic Inc.
- Places:
- Canada
- New York City
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