Education Management Corporation (EDMCQ) Financial Statements (2023 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
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27117761163131184
Cash and cash equivalents27117761163131184
Receivables210177164341206153
Inventory, net of allowances, customer advances and progress billings  67
Inventory    67
Prepaid expense5293528  
Prepaid expense and other current assets4834
Deferred tax assets25     
Other current assets36373536  
Other undisclosed current assets330392385414381402
Total current assets:876813679982772780
Noncurrent Assets
Property, plant and equipment429443477503526544
Long-term investments and receivables292828(28)(28)(19)
Accounts and financing receivable, after allowance for credit loss292828(28)(28)(19)
Intangible assets, net (including goodwill)513567969969970970
Goodwill343343669669669669
Intangible assets, net (excluding goodwill)170223300300300301
Other noncurrent assets58555467  
Prepaid expense and other noncurrent assets4956
Other undisclosed noncurrent assets(29)(28)(28)282819
Total noncurrent assets:1,0011,0651,5011,5401,5441,570
TOTAL ASSETS:1,8771,8772,1802,5222,3152,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242264213180190173
Accounts payable393258323321
Accrued liabilities167171155147157149
Employee-related liabilities3661    
Taxes payable     3
Debt121212121212
Deferred revenue and credits116745142211378
Other undisclosed current liabilities2661048389171223
Total current liabilities:635454359703486486
Noncurrent Liabilities
Long-term debt and lease obligation1,2721,2721,2721,2731,2731,283
Long-term debt, excluding current maturities1,2721,2721,2721,2731,2731,283
Liabilities, other than long-term debt279212220229390246
Deferred revenue and credits186188189196201207
Deferred tax liabilities, net83   154 
Other liabilities112431333439
Total noncurrent liabilities:1,5511,4841,4921,5011,6631,529
Total liabilities:2,1861,9381,8522,2042,1492,016
Stockholders' equity
Stockholders' equity attributable to parent(285)(101)256247250245
Common stock111111
Treasury stock, value(332)(332)(332)(329)(329)(329)
Additional paid in capital1,8161,8131,8101,8001,7951,790
Accumulated other comprehensive loss(8)(10)(11)(12)(14)(15)
Accumulated deficit(1,762)(1,574)(1,212)(1,213)(1,204)(1,202)
Total stockholders' equity:(285)(101)256247250245
Other undisclosed liabilities and equity(24)407270(84)88
TOTAL LIABILITIES AND EQUITY:1,8771,8772,1802,5222,3152,349

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

6/30/2014
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
Revenues
(Revenue, Net)
503595594580595639
Cost of revenue(314)(357)(346)(358)(635)(673)
Cost of goods and services sold(314)(357)(346)(358) (350)
Gross profit:190238248223(40)(34)
Operating expenses(527)(709)(228)(256)168(208)
Other undisclosed operating income2752945  
Operating income (loss):(62)(469)2912128(242)
Interest and debt expense    (10)5
Other undisclosed loss from continuing operations before equity method investments, income taxes(33)(31)(32)(32)(127)(41)
Loss from continuing operations before income taxes:(95)(500)(2)(20)(9)(278)
Income tax expense (benefit)(93)323107(6)
Net income (loss) available to common stockholders, diluted:(188)(468)1(10)(2)(284)

Comprehensive Income ($ in millions)

6/30/2014
Q4
3/31/2014
Q3
12/31/2013
Q2
9/30/2013
Q1
6/30/2013
Q4
3/31/2013
Q3
Net income (loss):(188)(468)1(10)(2)(284)
Comprehensive income (loss):(188)(468)1(10)(2)(284)
Other undisclosed comprehensive income, net of tax, attributable to parent111121
Comprehensive income (loss), net of tax, attributable to parent:(186)(466)2(8)(0)(283)

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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