UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- | --- | | (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2022 (Address of principal executive offices) Zip Code (201) 748-6000 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specifie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) New York 13-5593032 (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2021 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 111 River Street, Hoboken, New Jersey 07030 (Address of principal executive offices) Zip Code (201) 748-6000 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) New York 13-5593032 (State or other jurisdictio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: April 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-11507 JOHN WILEY & SONS, INC. (Exact name of Registrant as specified in its charter) | New York | 13-5593032 | | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 New York 13-5593032 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 111 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File No. 001-11507 JOHN WILEY & SONS, INC. (201) 748-6000 Registrant's telephone number, including area code Not Applicable Former name, forme ...

PART I - FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company reported a 2% revenue increase to $431.3 million and net income of $16.3 million for the quarter [Condensed Consolidated Statements of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Position) Total assets decreased to $3.07 billion, liabilities to $2.10 billion, and equity rose to $973.7 million Condensed Consolidated Statements of Financial Position (Unaudited, in thousands) | Account | July 31, 2020 ($ in thousands) | April 30, 2020 ($ in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $488,003 | $614,927 | | **Total Assets** | **$3,068,946** | **$3,168,794** | | **Total Current Liabilities** | $716,136 | $927,269 | | **Total Liabilities** | **$2,095,201** | **$2,235,170** | | **Total Shareholders' Equity** | **$973,745** | **$933,624** | [Condensed Consolidated Statements of Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Revenue increased to $431.3 million, operating income surged to $30.0 million, leading to $16.3 million net income Condensed Consolidated Statements of Income (Unaudited, in thousands, except per share data) | Metric | Three Months Ended July 31, 2020 | Three Months Ended July 31, 2019 | | :--- | :--- | :--- | | **Revenue, net** | $431,326 | $423,530 | | **Operating Income** | $30,039 | $4,559 | | **Net Income** | $16,334 | $3,624 | | **Diluted EPS** | $0.29 | $0.06 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $120.8 million, investing $28.3 million, and financing provided $43.5 million Cash Flow Summary (Unaudited, in thousands) | Cash Flow Activity | Three Months Ended July 31, 2020 ($ in thousands) | Three Months Ended July 31, 2019 ($ in thousands) | | :--- | :--- | :--- | | **Net Cash Used In Operating Activities** | $(120,783) | $(94,168) | | **Net Cash Used In Investing Activities** | $(28,280) | $(105,892) | | **Net Cash Provided By Financing Activities** | $43,484 | $213,333 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting standards, mthree acquisition, restructuring charges, and effective tax rate changes - The company adopted a new standard for measuring credit losses on financial instruments (ASU 2016-13) on May 1, 2020, resulting in a cumulative effect adjustment to retained earnings of **$1.776 million**[29](index=29&type=chunk)[30](index=30&type=chunk)[33](index=33&type=chunk) - The acquisition of mthree in January 2020 for **$128.6 million** contributed **$12.4 million** in revenue for the quarter and added **$82.6 million** in goodwill to the Education Services segment[39](index=39&type=chunk)[40](index=40&type=chunk)[41](index=41&type=chunk) - The company initiated a multi-year Business Optimization Program in fiscal year 2020, incurring **$2.2 million** in restructuring charges for the quarter, with total charges to date of **$35.0 million**[79](index=79&type=chunk) - The effective tax rate for the quarter was **45.1%**, up from **8.6%** in the prior year, primarily due to a **$6.7 million** non-cash deferred tax expense from the re-measurement of UK deferred tax liabilities after a statutory rate increase from 17% to 19%[93](index=93&type=chunk)[94](index=94&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A reports 2% revenue growth, substantial income increase, no FY2021 outlook, and adequate liquidity [Consolidated Operating Results](index=29&type=section&id=Consolidated%20Operating%20Results) Consolidated revenue rose 2% to $431.3 million, operating income surged to $30.0 million, and adjusted EPS was $0.42 Q1 FY2021 vs Q1 FY2020 Performance | Metric | Q1 FY2021 ($) | Q1 FY2020 ($) | % Change | | :--- | :--- | :--- | :--- | | **Revenue** | $431.3M | $423.5M | +2% | | **Operating Income** | $30.0M | $4.6M | +559% | | **Diluted EPS** | $0.29 | $0.06 | +383% | | **Adjusted EPS** | $0.42 | $0.21 | +100% | - Revenue growth was primarily driven by acquisitions; on an organic, constant currency basis, revenue decreased **1%**[118](index=118&type=chunk) - Operating and administrative expenses decreased by **$12.8 million (5%)**, reflecting lower discretionary spending and employee-related costs[121](index=121&type=chunk) [Segment Operating Results](index=31&type=section&id=Segment%20Operating%20Results) Research and Education Services saw revenue growth, while Academic & Professional Learning declined due to market impacts - **Research Publishing & Platforms:** Revenue increased **6%** (constant currency) to **$240.8 million**, with Adjusted EBITDA up **19%** to **$89.3 million**, driven by Open Access growth and lower spending[135](index=135&type=chunk)[136](index=136&type=chunk)[137](index=137&type=chunk) - **Academic & Professional Learning:** Revenue decreased **12%** to **$126.9 million**, with Adjusted EBITDA down **23%** (constant currency) to **$18.5 million**, due to print declines and COVID-19 impacts[138](index=138&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) - **Education Services:** Revenue grew **29%** to **$63.6 million**, driven by the mthree acquisition, with organic revenue growth of **4%** and Adjusted EBITDA of **$8.0 million**[142](index=142&type=chunk)[144](index=144&type=chunk)[145](index=145&type=chunk) [Fiscal Year 2021 Outlook](index=34&type=section&id=Fiscal%20Year%202021%20Outlook) No specific FY2021 outlook due to COVID-19 uncertainty, with cost reductions and dividend increase planned - The company has not provided a specific fiscal year 2021 outlook due to uncertainty surrounding the COVID-19 pandemic's impact[149](index=149&type=chunk) - Cost reduction initiatives are underway, including executive pay cuts, discretionary spending controls, and a review of the real estate portfolio[150](index=150&type=chunk)[151](index=151&type=chunk) - Capital allocation plans for FY2021 include capex of **~$100 million**, a dividend increase for the 27th consecutive year, and a temporary suspension of share repurchases[151](index=151&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains adequate liquidity with $101.4 million cash and $648.1 million unused credit - As of July 31, 2020, the company had **$101.4 million** in cash and cash equivalents and **$648.1 million** of unused borrowing capacity under its credit facilities[153](index=153&type=chunk)[155](index=155&type=chunk) Free Cash Flow less Product Development Spending (in thousands) | Metric | Three Months Ended July 31, 2020 ($ in thousands) | Three Months Ended July 31, 2019 ($ in thousands) | | :--- | :--- | :--- | | Net Cash Used In Operating Activities | $(120,783) | $(94,168) | | Less: Additions to Technology, Property and Equipment | $(18,964) | $(24,202) | | Less: Product Development Spending | $(5,325) | $(6,211) | | **Free Cash Flow less Product Development Spending** | **$(145,072)** | **$(124,581)** | - The increase in cash used in operating activities was primarily due to the timing of payments for accounts payable, royalties, and income taxes[160](index=160&type=chunk)[161](index=161&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=37&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces interest rate, foreign exchange, and credit risks, with derivatives used for hedging - A hypothetical one percent change in interest rates on the **$547.3 million** of unhedged variable rate debt would affect net income by approximately **$4.3 million** annually[169](index=169&type=chunk) - The company is primarily exposed to foreign exchange rate fluctuations in the British pound sterling, euro, Canadian and Australian dollars[170](index=170&type=chunk) - Significant customer credit risk exists with journal subscription agents, who account for **~20%** of annual revenue, and with the top 10 book customers, who account for **~15%** of revenue[176](index=176&type=chunk)[177](index=177&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were effective, with ongoing integration of mthree and new ERP system implementation - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[179](index=179&type=chunk) - The company is in the process of integrating the acquisition of mthree into its overall internal control over financial reporting[180](index=180&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) No significant developments in legal proceedings occurred during the quarter - No significant developments in legal proceedings occurred during the quarter[184](index=184&type=chunk) [Risk Factors](index=39&type=section&id=Item%201a.%20Risk%20Factors) The company refers to risk factors detailed in its Annual Report on Form 10-K - The company refers to the risk factors disclosed in its Annual Report on Form 10-K for the fiscal year ended April 30, 2020[185](index=185&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No share repurchases were conducted during the three months ended July 31, 2020 - There were no share repurchases during the three months ended July 31, 2020[186](index=186&type=chunk) [Exhibits](index=40&type=section&id=Item%206.%20Exhibits) This section lists various exhibits filed, including incentive plans and officer certifications - Lists various exhibits filed with the report, including executive compensation plans and officer certifications[190](index=190&type=chunk)