ITT EDUCATIONAL SERVICES INC Financial Statements (2026 and earlier)
Company Profile
| Business Address |
13000 NORTH MERIDIAN CARMEL, IN 46032-1404 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 82 - Educational Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 130,897 | 135,937 | 215,771 | 246,342 | |||
| Cash and cash equivalent | 130,897 | 135,937 | 215,771 | 246,342 | |||
| Restricted cash and investments | 6,015 | ||||||
| Receivables | 57,317 | 56,967 | 107,260 | 77,313 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 16,162 | ||
| Other undisclosed current assets | 48,869 | 98,510 | 111,585 | 45,148 | |||
| Total current assets: | 243,098 | 291,414 | 434,616 | 384,965 | |||
| Noncurrent Assets | |||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 142,164 | 157,072 | 168,509 | 189,890 | |||
| Long-term investments and receivables | 62,161 | 80,292 | 76,479 | 2,900 | |||
| Accounts and financing receivable, after allowance for credit loss | 62,161 | 80,292 | 76,479 | 2,900 | |||
| Intangible asset, including goodwill, after accumulated amortization, including: | 2,189 | 5,496 | ✕ | ✕ | |||
| Goodwill | 5,246 | ||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 2,189 | 3,069 | |||||
| Other undisclosed intangible asset, including goodwill, after accumulated amortization | (2,819) | ✕ | ✕ | ||||
| Restricted cash and investments | 91,168 | 97,932 | 8,626 | ||||
| Other noncurrent assets | 53,606 | 54,409 | 58,923 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 41,263 | ||
| Defined benefit plan, assets for plan benefits | 29,385 | 29,028 | 27,584 | 7,459 | |||
| Other undisclosed noncurrent assets | 40,243 | 33,517 | 32,114 | 45,753 | |||
| Total noncurrent assets: | 420,916 | 457,746 | 372,235 | 287,265 | |||
| TOTAL ASSETS: | 664,014 | 749,160 | 806,851 | 672,230 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 72,178 | 80,112 | 76,128 | 84,327 | |||
| Employee-related liabilities | 12,425 | 12,264 | 18,107 | 21,023 | |||
| Accounts payable | 59,753 | 67,848 | 58,021 | 63,304 | |||
| Debt | 20,105 | 37,545 | 157,883 | ||||
| Other liabilities | 31,973 | 27,050 | 42,136 | 86,722 | |||
| Deferred revenue and credits | 113,739 | 147,475 | 147,630 | 135,900 | |||
| Other undisclosed current liabilities | 92,112 | 30,448 | 50,000 | ||||
| Total current liabilities: | 330,107 | 322,630 | 473,777 | 306,949 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 30,701 | 38,658 | 71,341 | 140,000 | |||
| Long-term debt, excluding current maturities | 30,701 | 38,658 | 71,341 | 140,000 | |||
| Liabilities, other than long-term debt | 50,500 | 53,276 | 146,373 | 98,642 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | 317 | 286 | 315 | ||
| Liability, pension and other postretirement and postemployment benefits | 158 | ✕ | ✕ | ||||
| Other liabilities | 50,342 | 52,959 | 146,087 | 98,327 | |||
| Other undisclosed noncurrent liabilities | 91,570 | 186,591 | (286) | (315) | |||
| Total noncurrent liabilities: | 172,771 | 278,525 | 217,428 | 238,327 | |||
| Total liabilities: | 502,878 | 601,155 | 691,205 | 545,276 | |||
| Equity | |||||||
| Equity, attributable to parent | 161,136 | 148,005 | 115,646 | 126,954 | |||
| Common stock | 371 | 371 | 371 | 371 | |||
| Treasury stock, value | (1,005,925) | (1,022,120) | (1,028,360) | (1,031,262) | |||
| Additional paid in capital | 181,160 | 198,883 | 200,040 | 206,703 | |||
| Accumulated other comprehensive income (loss) | (1,693) | 1,201 | 3,146 | (7,930) | |||
| Retained earnings | 987,223 | 969,670 | 940,449 | 959,072 | |||
| Total equity: | 161,136 | 148,005 | 115,646 | 126,954 | |||
| TOTAL LIABILITIES AND EQUITY: | 664,014 | 749,160 | 806,851 | 672,230 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 849,826 | 961,783 | 1,072,311 | 1,287,209 | ||
| Cost of revenue | (410,357) | (444,043) | (545,907) | (537,810) | ||
| Gross profit: | 439,469 | 517,740 | 526,404 | 749,399 | ||
| Operating expenses | (360,308) | (456,486) | (465,223) | (516,610) | ||
| Operating income: | 79,161 | 61,254 | 61,181 | 232,789 | ||
| Nonoperating income (Investment Income, Nonoperating) | 86 | 65 | 108 | 1,388 | ||
| Interest and debt expense | (39,847) | (28,300) | (25,277) | (3,723) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 16,631 | (73,248) | (40) | |||
| Income (loss) from continuing operations before income taxes: | 39,400 | 49,650 | (37,236) | 230,414 | ||
| Income tax expense (benefit) | (16,102) | (20,397) | 10,212 | (89,949) | ||
| Income (loss) from continuing operations: | 23,298 | 29,253 | (27,024) | 140,465 | ||
| Income (loss) before gain (loss) on sale of properties: | 23,298 | 29,253 | (27,024) | 140,465 | ||
| Net income (loss) available to common stockholders, diluted: | 23,298 | 29,253 | (27,024) | 140,465 | ||
Comprehensive Income ($ in thousands)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 23,298 | 29,253 | (27,024) | 140,465 | ||
| Other comprehensive income (loss) | (2,894) | (1,945) | 11,076 | 1,549 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 20,404 | 27,308 | (15,948) | 142,014 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.