Legacy Education Alliance, Inc. (LEAI) financial statements (2021 and earlier)

Company profile

Business Address 1612 CAPE CORAL PARKWAY EAST
CAPE CORAL, FL 33904
State of Incorp. NV
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4854233
Cash and cash equivalents4854233
Restricted cash and investments2567543
Inventory, net of allowances, customer advances and progress billings0000000
Inventory0000000
Deferred costs7999999
Other undisclosed current assets2344365
Total current assets:15262423182221
Noncurrent Assets
Operating lease, right-of-use asset021 
Property, plant and equipment 222222
Other noncurrent assets0000000
Deferred tax assets, net0 0 
Other undisclosed noncurrent assets20010  
Total noncurrent assets:2434222
TOTAL ASSETS:17302827212422
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3888766
Accounts payable2455533
Accrued liabilities1332122
Employee-related liabilities0111111
Debt1222110
Liability for uncertainty in income taxes    2  
Disposal group, including discontinued operation4      
Other undisclosed current liabilities48646464586259
Total current liabilities:57747574686865
Noncurrent Liabilities
Long-term debt and lease obligation, including:0111000
Long-term debt, excluding current maturities    000
Operating lease, liability011 
Other undisclosed long-term debt and lease obligation   1   
Liabilities, other than long-term debt 111100
Deferred tax liabilities, net  0
Other liabilities 111100
Other undisclosed noncurrent liabilities     00
Total noncurrent liabilities:0222101
Total liabilities:57767776696865
Stockholders' equity
Stockholders' equity attributable to parent(39)(47)(49)(49)(49)(44)(43)
Common stock0000000
Additional paid in capital12121211111111
Accumulated other comprehensive income1211111
Accumulated deficit(52)(60)(62)(62)(62)(56)(55)
Total stockholders' equity:(39)(47)(49)(49)(49)(44)(43)
TOTAL LIABILITIES AND EQUITY:17302827212422

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1262425202325
Cost of revenue
(Cost of Goods and Services Sold)
(1)(13)(12)(13)(13)(13)(15)
Other undisclosed gross profit0(7)(7)(7)(6)(7)(8)
Gross profit:1645132
Operating expenses(1)(24)(24)(25)(24)(24)(28)
Other undisclosed operating income1201920192023
Operating income (loss):12(1)0(4)(2)(3)
Nonoperating income (expense)0(0)0(0)(0)(0)(0)
Other nonoperating income (expense)0(0)0(0)(0)(0)(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (0)  
Income (loss) from continuing operations before equity method investments, income taxes:12(0)(0)(4)(2)(3)
Other undisclosed income from continuing operations before income taxes    0  
Income (loss) from continuing operations before income taxes:12(0)(0)(4)(2)(3)
Income tax expense (benefit)10 0(2)11
Net income (loss):22(0)(0)(5)(1)(2)
Other undisclosed net income attributable to parent7      
Net income (loss) attributable to parent:92(0)(0)(5)(1)(2)
Other undisclosed net loss available to common stockholders, basic(7)(0)     
Net income (loss) available to common stockholders, basic:22(0)(0)(5)(1)(2)
Dilutive securities, effect on basic earnings per share22   (1)(2)
Other undisclosed net income available to common stockholders, diluted    4  
Net income (loss) available to common stockholders, diluted:43(0)(0)(1)(2)(5)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):22(0)(0)(5)(1)(2)
Comprehensive income (loss):22(0)(0)(5)(1)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent510(0)101
Comprehensive income (loss), net of tax, attributable to parent:720(0)(5)(1)(1)

Statements sources

The financial statements are based on the company's filings with the 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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