Learning Tree International Inc (LTRE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1805 LIBRARY STREET RESTON, VA 20190 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 82 - Educational Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 5,080 | 8,540 | 17,936 | 31,078 | 26,583 | |||
| Cash and cash equivalent | 5,080 | 8,540 | 17,936 | 31,078 | 26,583 | |||
| Receivables | 9,854 | 9,746 | 10,973 | 16,933 | 14,057 | |||
| Prepaid expense | 1,399 | 1,916 | 2,773 | 3,350 | 3,383 | |||
| Deposits current assets | 1,174 | |||||||
| Other current assets | 1,333 | 1,424 | 1,747 | 1,483 | 1,848 | |||
| Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | 921 | ||
| Total current assets: | 18,840 | 21,626 | 33,429 | 52,844 | 46,792 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 4,530 | 5,910 | 6,070 | 8,888 | 16,698 | |||
| Restricted cash and investments | 1,477 | 2,943 | 3,265 | 3,231 | 4,175 | |||
| Other noncurrent assets | 911 | 701 | 681 | 748 | 831 | |||
| Other undisclosed noncurrent assets | 505 | 427 | 476 | 489 | 466 | |||
| Total noncurrent assets: | 7,423 | 9,981 | 10,492 | 13,356 | 22,170 | |||
| TOTAL ASSETS: | 26,263 | 31,607 | 43,921 | 66,200 | 68,962 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 9,249 | 9,482 | 11,008 | 14,849 | 11,476 | |||
| Taxes payable | 54 | 174 | 199 | |||||
| Employee-related liabilities | 2,207 | 2,414 | 2,865 | 4,447 | 4,167 | |||
| Accounts payable | 6,245 | 6,095 | 6,744 | 7,909 | 7,309 | |||
| Accrued liabilities | 743 | 973 | 1,225 | 2,294 | ||||
| Debt | 253 | 81 | ||||||
| Deferred rent credit | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Restructuring reserve | ✕ | |||||||
| Deferred revenue and credits | ✕ | 18,795 | 21,546 | 23,983 | 27,849 | 30,601 | ||
| Other undisclosed current liabilities | 895 | 1,057 | 327 | 658 | 3,020 | |||
| Total current liabilities: | 29,192 | 32,166 | 35,318 | 43,356 | 45,097 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 659 | 386 | ||||||
| Long-term debt, excluding current maturities | 365 | |||||||
| Capital lease obligations | 294 | 386 | ||||||
| Liabilities, other than long-term debt | 6,547 | 6,741 | 5,556 | 6,746 | 5,947 | |||
| Deferred revenue and credits | ✕ | 3,434 | 3,808 | 2,575 | 3,443 | 2,503 | ||
| Deferred rent credit | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Asset retirement obligations | 1,143 | 1,369 | 1,669 | 1,880 | 2,004 | |||
| Deferred tax liabilities, net | 118 | 89 | 134 | 161 | 284 | |||
| Liability for uncertainty in income taxes | 1,852 | 1,475 | 1,178 | 1,262 | 1,156 | |||
| Restructuring reserve | ||||||||
| Other undisclosed noncurrent liabilities | 1,687 | 2,103 | 301 | 2,257 | ||||
| Total noncurrent liabilities: | 8,893 | 9,230 | 5,556 | 7,047 | 8,204 | |||
| Total liabilities: | 38,085 | 41,396 | 40,874 | 50,403 | 53,301 | |||
| Equity | ||||||||
| Equity, attributable to parent | (11,822) | (9,789) | 3,047 | 15,797 | 15,661 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 6,487 | 6,388 | 6,224 | 6,148 | 5,825 | |||
| Accumulated other comprehensive loss | (877) | (882) | (578) | (325) | (139) | |||
| Retained earnings (accumulated deficit) | (17,433) | (15,296) | (2,600) | 9,973 | 9,974 | |||
| Total equity: | (11,822) | (9,789) | 3,047 | 15,797 | 15,661 | |||
| TOTAL LIABILITIES AND EQUITY: | 26,263 | 31,607 | 43,921 | 66,200 | 68,962 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 70,663 | 81,587 | 94,884 | 118,248 | 116,810 | ||
| Cost of revenue | (40,298) | (50,163) | (55,809) | (66,574) | (63,010) | ||
| Gross profit: | 30,365 | 31,424 | 39,075 | 51,674 | 53,800 | ||
| Operating expenses | (31,647) | (43,936) | (48,766) | (57,599) | (61,986) | ||
| Other operating income (expense), net | (53) | 11 | (4) | 6,322 | |||
| Other undisclosed operating loss | |||||||
| Operating income (loss): | (1,335) | (12,501) | (9,695) | 397 | (8,186) | ||
| Nonoperating income (expense) | (328) | 227 | 354 | (75) | (89) | ||
| Investment income, nonoperating | (53) | 15 | 23 | 39 | 43 | ||
| Gain on contract termination | 132 | ||||||
| Gain (loss), foreign currency transaction, before tax | (254) | 215 | 340 | 115 | (151) | ||
| Other nonoperating income (expense) | (21) | (3) | (9) | (229) | 19 | ||
| Income (loss) from continuing operations before income taxes: | (1,663) | (12,274) | (9,341) | 322 | (8,275) | ||
| Income tax expense | (474) | (422) | (467) | (321) | (444) | ||
| Income (loss) from continuing operations: | (2,137) | (12,696) | (9,808) | 1 | (8,719) | ||
| Income (loss) before gain (loss) on sale of properties: | (2,137) | (12,696) | (9,808) | 1 | (8,719) | ||
| Net income (loss): | (2,137) | (12,696) | (9,808) | 1 | (8,719) | ||
| Other undisclosed net loss attributable to parent | (2,765) | ||||||
| Net income (loss) available to common stockholders, diluted: | (2,137) | (12,696) | (12,573) | 1 | (8,719) | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | 9/30/2014 | 9/30/2013 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,137) | (12,696) | (9,808) | 1 | (8,719) | ||
| Other undisclosed comprehensive income (loss) | 5 | (304) | (3,018) | (186) | (149) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,132) | (13,000) | (12,826) | (185) | (8,868) | ||
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.