2U, Inc. (TWOU) financial statements (2022 and earlier)

Company profile

Business Address 7900 HARKINS ROAD
LANHAM, MD 20706
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments233934953487501481195
Cash and cash equivalents233934953487501481195
Restricted cash and investments17171818181818
Receivables679510175469672
Prepaid expense23      
Other undisclosed current assets54686358404040
Total current assets:3941,1151,136638605636325
Noncurrent Assets
Operating lease, right-of-use asset77786860615350
Property, plant and equipment49485051535455
Intangible assets, net (including goodwill)1,500705718721729724727
Goodwill835414417415416408406
Intangible assets, net (excluding goodwill)666291301306313316321
Other noncurrent assets688777869786 
Other undisclosed noncurrent assets22     76
Total noncurrent assets:1,715918914918939917908
TOTAL ASSETS:2,1092,0332,0491,5561,5441,5531,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1661551481311318485
Accrued liabilities63707259525548
Employee-related liabilities4941422653 29
Other undisclosed accounts payable and accrued liabilities5444354626297
Deferred revenue9297110108759277
Debt 612111
Other liabilities61372325211714
Other undisclosed current liabilities1459995337
Total current liabilities:334300292275237247213
Noncurrent Liabilities
Long-term debt and lease obligation944846831361356344337
Long-term debt, excluding current maturities845743742280273268263
Operating lease, liability991038981837674
Liabilities, other than long-term debt289910103
Deferred income tax liabilities2122322
Other liabilities1777781
Total noncurrent liabilities:946854840370366354340
Total liabilities:1,2801,1541,132645603601553
Stockholders' equity
Stockholders' equity attributable to parent829879917910941952679
Common stock0000000
Additional paid in capital1,7361,7151,6881,6621,6471,6301,306
Accumulated other comprehensive loss(16)(12)(8)(11)(10)(20)(22)
Accumulated deficit(891)(823)(763)(741)(696)(658)(606)
Total stockholders' equity:829879917910941952679
TOTAL LIABILITIES AND EQUITY:2,1092,0332,0491,5561,5441,5531,233

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues244232237232215201183
Cost of revenue(119)(108)(112)(109)(106)(103)(94)
Gross profit:1241251251231099889
Operating expenses(174)(168)(162)(160)(139)(144)(138)
Other operating expense, net(3)      
Other undisclosed operating income3      
Operating loss:(50)(44)(37)(37)(30)(46)(49)
Nonoperating income (expense)(2)00(1)211
Investment income, nonoperating 000 10
Foreign currency transaction gain (loss), before tax   (1) 01
Interest and debt expense(18)(17)(9)(8)(8)(8)(18)
Loss from continuing operations before equity method investments, income taxes:(70)(60)(46)(46)(36)(53)(67)
Other undisclosed income (loss) from continuing operations before income taxes2(0)24 (1)  
Loss from continuing operations before income taxes:(68)(60)(22)(46)(38)(53)(67)
Income tax expense (benefit)1000(0)00
Net loss available to common stockholders, diluted:(67)(60)(22)(46)(38)(53)(66)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(67)(60)(22)(46)(38)(53)(66)
Comprehensive loss:(67)(60)(22)(46)(38)(53)(66)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(4)3(1)1021
Comprehensive loss, net of tax, attributable to parent:(71)(64)(19)(46)(28)(51)(65)

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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