Skillsoft Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Segment Information (Tables)

Segment Information (Tables) - SOFTWARE LUXEMBOURG HOLDING S.A. (SUCCESSOR) AND POINTWELL LIMITED (PREDECESSOR)

3 Months Ended

5 Months Ended

Apr. 30, 2021

Jan. 31, 2021

Summary company's segment results and segment assets

The following table presents summary results for each of the businesses for the three months ended April 30, 2021 and the three months ended April 30, 2020 (in thousands):


	Successor		Predecessor
	Three months ended		Three months ended
	April 30, 2021		April 30, 2020
Skillsoft
Revenues	$	67,057	$	84,318
Operating expenses		93,127		287,917
Operating (loss) income		(26,070)		(203,599)
SumTotal
Revenues		24,644		34,011
Operating expenses		26,277		168,157
Operating income (loss)		(1,633)		(134,146)
Consolidated
Revenues		91,701		118,329
Operating expenses		119,404		456,074
Operating income (loss)		(27,703)		(337,745)
Total non-operating (expense) income		(352)		910
Interest expense, net		(11,439)		(105,959)
Reorganization items, net		—		—
(Provision) benefit for income taxes		2,089		8,891
Net (loss) income	$	(37,405)	$	(433,903)

The Company’s segment assets primarily consist of cash and cash equivalents, accounts receivable, prepaid expenses, deferred taxes, property and equipment, goodwill and intangible assets. The following table sets forth the Company’s segment assets as of April 30, 2021 and January 31, 2021 (in thousands):


	April 30, 2021		January 31, 2021
Skillsoft	$	1,313,124	$	1,398,379
SumTotal		144,982		147,358
Corporate		—		—
Consolidated	$	1,458,106	$	1,545,737

The following table presents summary results for each of the businesses for the period August 28, 2020 through January 31, 2021 (Successor), February 1, 2020 through August 27, 2020 (Predecessor) and the fiscal years ended January 31, 2020 and 2019 (in thousands):


	Successor		Predecessor
	August 28, 2020		February 1, 2020		Year ended		Year ended
	through January 31,		through August 27,		January 31,		January 31,
	2021		2020		2020		2019
Skillsoft
Revenues	$	72,425	$	196,238	$	362,503	$	378,316
Operating expenses		158,671		398,178		637,658		364,581
Operating (loss) income		(86,246)		(201,940)		(275,155)		13,735
SumTotal
Revenues		36,343		77,613		151,518		155,825
Operating expenses		49,269		205,483		279,579		162,906
Operating income (loss)		(12,926)		(127,870)		(128,061)		(7,081)
Consolidated
Revenues		108,768		273,851		514,021		534,141
Operating expenses		207,940		603,661		917,237		527,487
Operating income (loss)		(99,172)		(329,810)		(403,216)		6,654
Total non-operating (expense) income		3,452		1,268		(5,120)		(5,624)
Interest expense, net		(19,936)		(168,236)		(429,657)		(395,842)
Reorganization items, net		—		3,329,245		—		—
(Provision) benefit for income taxes		21,934		(68,455)		(11,212)		(5,027)
Net (loss) income	$	(93,722)	$	2,764,012	$	(849,205)	$	(399,839)

The Company’s segment assets primarily consist of cash and cash equivalents, accounts receivable, prepaid expenses, deferred taxes, property and equipment, goodwill and intangible assets. The following table sets forth the Company’s segment assets as of January 31, 2021 and January 31, 2020 (in thousands):


	Successor		Predecessor
	January 31, 2021		January 31, 2020
Skillsoft	$	1,398,379	$	1,655,474
SumTotal		147,358		330,785
Corporate		—		6
Consolidated	$	1,545,737	$	1,986,265

Schedule company's long-lived tangible assets by geographic region

The following table sets forth the Company’s long-lived tangible assets by geographic region for the years ended April 30, 2021 and January 31, 2021 (in thousands):


	April 30, 2021		January 31, 2021
United States	$	9,019	$	10,613
Ireland		499		609
Rest of world		2,280		2,558
Total	$	11,798	$	13,780


	Successor		Predecessor
	January 31, 2021		January 31, 2020
United States	$	10,613	$	13,469
Ireland		609		897
Rest of world		2,558		3,536
Total	$	13,780	$	17,902