Strategic Education, Inc. (STRA) financial statements (2021 and earlier)

Company profile

Business Address 2303 DULLES STATION BOULEVARD
HERNDON, VA 20171
State of Incorp. MD
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 investments195738493470455431415
Cash and cash equivalents188718470443420397376
Short-term investments8202327353339
Receivables52464141525858
Other current assets39221922181718
Total current assets:286806553533524506490
Noncurrent Assets
Operating lease, right-of-use asset121818182   
Property, plant and equipment159116117117117116118
Long-term investments and receivables30313237372726
Long-term investments30313237372726
Intangible assets, net (including goodwill)1,6459649779911,0051,0191,033
Goodwill1,319732732732732732732
Intangible assets, net (excluding goodwill)326232245259273287301
Restricted cash and investments    111
Other noncurrent assets55503024222020
Other undisclosed noncurrent assets    849397
Total noncurrent assets:2,0101,2411,2381,2511,2651,2761,294
TOTAL ASSETS:2,2962,0471,7921,7841,7891,7811,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1051166782918686
Taxes payable 1217141  
Other undisclosed accounts payable and accrued liabilities1051045168898686
Deferred revenue61434040   
Debt   25   
Contract with customer, liability394641
Other undisclosed current liabilities35374214272627
Total current liabilities:200195149161157158154
Noncurrent Liabilities
Long-term debt and lease obligation248777779   
Long-term debt, excluding current maturities142      
Operating lease, liability106777779   
Liabilities, other than long-term debt, including:99708185413940
Contract with customer, liability312726
Deferred income tax liabilities53344045   
Restructuring reserve    234
Other liabilities46364140222
Other undisclosed liabilities, other than long-term debt    777
Other undisclosed noncurrent liabilities    128140153
Total noncurrent liabilities:347147158164170179193
Total liabilities:547342307325327337347
Stockholders' equity
Stockholders' equity attributable to parent1,7481,7051,4851,4591,4631,4451,438
Common stock0000000
Additional paid in capital1,5201,5161,2921,2871,3091,3061,305
Accumulated other comprehensive income49110000
Retained earnings180188192171153138132
Total stockholders' equity:1,7481,7051,4851,4591,4631,4451,438
TOTAL LIABILITIES AND EQUITY:2,2962,0471,7921,7841,7891,7811,785

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
Revenues267239256265264242245
Cost of revenue(32)(22)(17)(8)(62)(5)(7)
Provision for loan, lease, and other losses(15)(11)(12)    
Gross profit:235217239257202237238
Operating expenses(232)(201)(193)(213)(165)(217)(211)
Operating income:4154644372028
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)122234
Interest and debt expense(0)  (0)(0)  
Income from continuing operations before equity method investments, income taxes:3164846402332
Other undisclosed income from continuing operations before income taxes0  00  
Income from continuing operations before income taxes:4164846402332
Income tax expense (benefit)2(5)(14)(11)(11)(7)(7)
Net income available to common stockholders, diluted:6113435291724

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:6113435291724
Comprehensive income:6113435291724
Other undisclosed comprehensive income (loss), net of tax, attributable to parent48000(0)(0)0
Comprehensive income, net of tax, attributable to parent:54113535281725

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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