Education Management Corporation (EDMCQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 SIXTH AVENUE
PITTSBURGH, PA 15222
State of Incorp.
Fiscal Year End June 30
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131
Cash and cash equivalents131
Receivables206
Inventory, net of allowances, customer advances and progress billings6
Inventory 6
Prepaid expense
Prepaid expense and other current assets48
Deferred tax assets 
Other current assets
Other undisclosed current assets381
Total current assets:772
Noncurrent Assets
Property, plant and equipment526
Long-term investments and receivables(28)
Accounts and financing receivable, after allowance for credit loss(28)
Intangible assets, net (including goodwill)970
Goodwill669
Intangible assets, net (excluding goodwill)300
Other noncurrent assets
Prepaid expense and other noncurrent assets49
Other undisclosed noncurrent assets28
Total noncurrent assets:1,544
TOTAL ASSETS:2,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities190
Employee-related liabilities 
Accounts payable33
Accrued liabilities157
Debt12
Deferred revenue and credits113
Other undisclosed current liabilities171
Total current liabilities:486
Noncurrent Liabilities
Long-term debt and lease obligation1,273
Long-term debt, excluding current maturities1,273
Liabilities, other than long-term debt390
Deferred revenue and credits201
Deferred tax liabilities, net154
Other liabilities34
Total noncurrent liabilities:1,663
Total liabilities:2,149
Equity
Equity, attributable to parent250
Common stock1
Treasury stock, value(329)
Additional paid in capital1,795
Accumulated other comprehensive loss(14)
Accumulated deficit(1,204)
Total equity:250
Other undisclosed liabilities and equity(84)
TOTAL LIABILITIES AND EQUITY:2,315

Income Statement (P&L) ($ in millions)

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
2,499
Cost of revenue(1,727)
Cost of goods and services sold(1,447)
Gross profit:772
Operating expenses(898)
Other undisclosed operating income 
Operating loss:(126)
Interest and debt expense (5)
Other undisclosed loss from continuing operations before equity method investments, income taxes(125)
Loss from continuing operations before income taxes:(256)
Income tax expense(12)
Loss from continuing operations:(268)
Loss before gain (loss) on sale of properties:(268)
Net loss available to common stockholders, diluted:(268)

Comprehensive Income ($ in millions)

6/30/2014
6/30/2013
Net loss:(268)
Comprehensive loss:(268)
Other undisclosed comprehensive income, net of tax, attributable to parent4
Comprehensive loss, net of tax, attributable to parent:(264)

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.

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