Grand Canyon Education, Inc. (LOPE) financial statements (2021 and earlier)

Company profile

Business Address 2600 W. CAMELBACK ROAD
PHOENIX, AZ 85017
State of Incorp. DE
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24618018715012213480
Cash and cash equivalents24616717313212212066
Short-term investments 131517 1414
Restricted cash and investments    000
Receivables64932279518717
Other current assets914131581111
Other undisclosed current assets16505265 
Total current assets:334292223248208238109
Noncurrent Assets
Operating lease, right-of-use asset61594335282813
Property, plant and equipment129127124121120119117
Long-term investments and receivables9659651,0409659701,0101,070
Accounts and financing receivable, after allowance for credit loss9659651,0409659701,0101,070
Intangible assets, net (including goodwill)354357359361363365367
Goodwill161161161161161161161
Intangible assets, net (excluding goodwill)194196198200202204206
Other noncurrent assets2222222
Total noncurrent assets:1,5111,5091,5681,4831,4821,5231,569
TOTAL ASSETS:1,8451,8011,7901,7321,6901,7611,678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities787310588596753
Accounts payable17152019152118
Accrued liabilities22232021171917
Employee-related liabilities34342723212417
Taxes payable5 3825730
Deferred revenue 10880910
Debt33403837364851
Other undisclosed current liabilities7      
Total current liabilities:11912315113395124113
Noncurrent Liabilities
Long-term debt and lease obligation131138132132133237219
Long-term debt, excluding current maturities75839199108211208
Operating lease, liability57554032262511
Liabilities, other than long-term debt20191919181818
Deferred income tax liabilities20191919181818
Other liabilities000000 
Total noncurrent liabilities:152157150151152255236
Total liabilities:270280301284247379350
Stockholders' equity
Stockholders' equity attributable to parent1,5741,5211,4891,4481,4431,3821,328
Common stock1111111
Treasury stock, value(303)(267)(243)(235)(169)(151)(144)
Additional paid in capital282279276274271268265
Accumulated other comprehensive loss     (1)(1)
Retained earnings1,5951,5081,4561,4091,3411,2651,207
Total stockholders' equity:1,5741,5211,4891,4481,4431,3821,328
TOTAL LIABILITIES AND EQUITY:1,8451,8011,7901,7321,6901,7611,678

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues238198186222213193175
Cost of revenue(90)(89)(85)(86)(85)(80)(77)
Gross profit:14810910113512811398
Operating expenses(51)(58)(53)(54)(46)(53)(47)
Operating income:97514881826051
Nonoperating income
(Investment Income, Nonoperating)
0000003
Interest and debt expense(1)(1)(1)(2)(3)(3)(3)
Income from continuing operations before equity method investments, income taxes:97504879795751
Other undisclosed income from continuing operations before income taxes15151515151614
Income from continuing operations before income taxes:111656294947365
Income tax expense(25)(13)(15)(23)(18)(15)(14)
Net income available to common stockholders, diluted:87524771775851

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:87524771775851
Comprehensive income:87524771775851
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    1(0)(0)
Comprehensive income, net of tax, attributable to parent:87524771775851

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: