Zovio Inc. (ZVO) Financial Statements (2024 and earlier)

Company Profile

Business Address 1811 E NORTHROP BLVD
CHANDLER, AZ 85286
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,03934,60329,23932,93023,98135,052
Cash and cash equivalents20,81233,69828,26531,60823,98135,052
Short-term investments2279059741,322  
Restricted cash and investments6,0796,0839,2889,80813,28320,033
Receivables4,9516,5969,6318,5397,9228,398
Prepaid expense2,5653,7602,6643,1063,2683,528
Other current assets5396,8466,7766,6814,8274,871
Other undisclosed current assets5,5296,6373,9835,7776,6126,793
Total current assets:40,70264,52561,58166,84159,89378,675
Noncurrent Assets
Operating lease, right-of-use asset17,35828,10328,88129,90931,38818,581
Property, plant and equipment1,10024,96526,38227,71128,61529,565
Intangible assets, net (including goodwill), including:23,91529,07929,49929,99830,43330,921
Intangible assets, net (excluding goodwill)4,2115,9036,3236,8227,2577,745
Other undisclosed intangible assets, net (including goodwill)19,70423,17623,17623,17623,17623,176
Other noncurrent assets2,3582,0792,6913,3163,5662,304
Total noncurrent assets:44,73184,22687,45390,93494,00281,371
TOTAL ASSETS:85,433148,751149,034157,775153,895160,046
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:35,52385,52174,76957,87851,43969,038
Employee-related liabilities11,974 12,91012,35917,237
Accrued liabilities18,09617,33174,76918,89918,24222,490
Other undisclosed accounts payable and accrued liabilities17,42756,216 26,06920,83829,311
Deferred revenue6,90114,73414,93912,1269,9817,307
Other undisclosed current liabilities504423 957601770
Total current liabilities:42,928100,67889,70870,96162,02177,115
Noncurrent Liabilities
Liabilities, other than long-term debt35,90036,80639,32043,95044,76632,025
Accounts payable and accrued liabilities32,86433,13234,20535,37336,52323,267
Other liabilities3,0363,6745,1158,5778,2438,758
Total noncurrent liabilities:35,90036,80639,32043,95044,76632,025
Total liabilities:78,828137,484129,028114,911106,787109,140
Equity
Equity, attributable to parent6,60511,26720,00642,86447,10850,906
Common stock682681676675674673
Treasury stock, value(436,700)(436,700)(436,700)(436,700)(436,700)(436,700)
Additional paid in capital170,763170,753172,060171,315170,341170,107
Retained earnings271,860276,533283,970307,574312,793316,826
Total equity:6,60511,26720,00642,86447,10850,906
TOTAL LIABILITIES AND EQUITY:85,433148,751149,034157,775153,895160,046

Income Statement (P&L) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues51,38061,63354,76262,22669,18676,859
Cost of revenue(70,282)(39,028)(174,039)(36,536)(42,870) 
Gross profit:(18,902)22,605(119,277)25,69026,31676,859
Operating expenses18,061(29,837)95,586(30,781)(30,805)(86,196)
Operating loss:(841)(7,232)(23,691)(5,091)(4,489)(9,337)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,824)(127)40(69)232(73)
Interest and debt expense(300)  2,8002,800 
Loss from continuing operations before equity method investments, income taxes:(4,965)(7,359)(23,651)(2,360)(1,457)(9,410)
Other undisclosed income (loss) from continuing operations before income taxes300  (2,800)(2,800) 
Loss from continuing operations before income taxes:(4,665)(7,359)(23,651)(5,160)(4,257)(9,410)
Income tax expense (benefit)(8)(78)47(59)224(83)
Loss from continuing operations:(4,673)(7,437)(23,604)(5,219)(4,033)(9,493)
Loss before gain (loss) on sale of properties:(4,673)(7,437)(23,604)(5,219)(4,033)(9,493)
Net loss available to common stockholders, diluted:(4,673)(7,437)(23,604)(5,219)(4,033)(9,493)

Comprehensive Income ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net loss:(4,673)(7,437)(23,604)(5,219)(4,033)(9,493)
Comprehensive loss, net of tax, attributable to parent:(4,673)(7,437)(23,604)(5,219)(4,033)(9,493)

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.

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