Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 06, 2015 6:04 PM ET

Diversified Consumer Services

Company Overview of Cengage Learning Holdings II, Inc.

Company Overview

Cengage Learning Holdings II, Inc., together with its subsidiaries, provides content, print and digital teaching and learning solutions, software, and associated educational services for the academic, career, professional, school, and research markets worldwide. The company publishes various print products, including textbooks, study guides, laboratory exercises, instructor editions, and supplemental products; and provides library reference materials under the Gale brand. It also offers technology and academic services, including digital homework solutions; customized online course programs and supplementary materials; MindTap, an interactive suite of digital learning solutions; and services...

20 Channel Center Street

Boston, MA 02210

United States

5,000 Employees

Key Executives for Cengage Learning Holdings II, Inc.

Cengage Learning Holdings II, Inc. does not have any Key Executives recorded.

Cengage Learning Holdings II, Inc. Key Developments

LearnLaunch and Cengage Learning Ignite EdTech Innovation in Latin America Through Cengage Learning's Laboratorio de Innovacion en Experiencias de Aprendizaje

Cengage Learning will bring LearnLaunch Accelerator, a leading EdTech startup program, to Latin America via Cengage Learning's Laboratorio de Innovacion en Experiencias de Aprendizaje (LINNEA). Located in Chihuahua, Mexico, LINNEA is an innovation lab established by Cengage Learning, National Geographic Learning and The Universidad de Autonoma de Chihuahua with numerous projects underway to explore education and new ways to engage learners. Cengage Learning is committed to providing mentoring, networking and event support to LearnLaunch Accelerator entrepreneurs in Mexico and Latin America, building on its relationships and reputation in the region.

Cengage Learning Holdings II, Inc., Q3 2015 Earnings Call, Feb 18, 2015

Cengage Learning Holdings II, Inc., Q3 2015 Earnings Call, Feb 18, 2015

Cengage Learning Holdings II, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Cengage Learning Holdings II, Inc. announced earnings results for the second quarter and six months ended September 30, 2014. For the quarter, on a GAAP basis revenue decreased by $9.6 million to $603 million, $8.5 million of this reduction was due to fresh start accounting. Operating income decreased $144.1 million to $40.8 million. $118.9 million of the decline was mostly due to an inventory valuation adjustment as a result of fresh start accounting. For the 3 months ended September 30, 2014, adjusted revenue declined $2.8 million or 0.5% to $611.7 million and adjusted EBITDA declined $14.4 million or 4% to $290.8 million. Adjusted revenue from domestic segment declined 2.3% or $13 million to $544.6 million. This decrease is primarily due to the expected decline in sales of stand-alone print products during the quarter. Adjusted EBITDA less capital expenditures of $230.3 million for the quarter, which was a decline of $33.9 million versus the comparative prior period. For the six months, revenue decreased $28.7 million to $962.8 million. $27.1 million of this reduction was the result of fresh start accounting, which is a noncash accounting adjustment. Operating loss was $30.9 million compared with operating income of $372.2 million for the 6 months ended in the prior year. The $403.1 million decrease was primarily due to an inventory valuation adjustment as a result of fresh start accounting of $195.5 million and a favorable adjustment relating to goodwill impairment of $185.4 million in the corresponding prior period. Adjusted EBITDA declined by $23.2 million to $395.4 million. The reduction was primarily driven by a $29.8 million decline in domestic segment due to lower contributions from adjusted revenues, including the digital sales deferral and accelerating technology spend. The company generated $197 million of cash from operating activities during the first six months of the year. Reduced net debt by approximately $145.1 million during the first six months of the fiscal year from a combination of cash flows from operations and principal payments towards the outstanding term loan principle.

Similar Private Companies By Industry

Company Name Region
Security Service Company Inc. United States
Capital Education Group, Inc. United States
Trinity ELL, LLC United States
Music Associates Of Aspen, Inc. United States
Acacia Park Auto Body Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 3, 2014
FlashNotes, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Cengage Learning Holdings II, Inc., please visit www.cengage.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.