American Public Education, Inc. (APEI) financial statements (2020 and earlier)

Company profile

Business Address 111 W CONGRESS STREET
CHARLES TOWN, WV 25414
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  17914610611695
Cash and cash equivalents  17914610611695
Restricted cash and investments12 234 
Receivables1315778810
Prepaid expense75551166
Income taxes receivable3
Other undisclosed current assets201210 3323
Total current assets:223233191164131136117
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment7887929810910291
Long-term investments and receivables11121215161217
Long-term investments11121215161211
Accounts and financing receivable, after allowance for credit loss      6
Intangible assets, net (including goodwill)27343434394546
Goodwill27343434393938
Intangible assets, net (excluding goodwill)     78
Disposal group, including discontinued operation, noncurrent assets   2  
Other noncurrent assets56999910
Other undisclosed noncurrent assets     (7)(8)
Total noncurrent assets:132138148157173162155
TOTAL ASSETS:355371339321304298272
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26262422212429
Accounts payable499761112
Accrued liabilities841314151318
Employee-related liabilities1413     
Taxes payable  21   
Deferred revenue17
Debt2      
Deferred revenue and credits1921171314
Contract with customer, liability18
Other undisclosed current liabilities    121011
Total current liabilities:45444342514854
Noncurrent Liabilities
Long-term debt and lease obligation9      
Operating lease, liability9
Liabilities, other than long-term debt3  14161510
Deferred tax liabilities, net  14161510
Deferred income tax liabilities3
Other undisclosed noncurrent liabilities 56    
Total noncurrent liabilities:135614161510
Total liabilities:58505056676465
Stockholders' equity
Stockholders' equity attributable to parent297321289265237234207
Common stock0000000
Additional paid in capital191187181177174170165
Retained earnings10613410987636442
Total stockholders' equity:297321289265237234207
TOTAL LIABILITIES AND EQUITY:355371339321304298272

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues286298299313328350329
Revenue, net299313328350329
Cost of revenue(112)(115)(116)(117)(118)(124)(113)
Cost of goods and services sold(112)(115)     
Gross profit:174182183196210226217
Operating expenses(162)(150)(148)(158)(158)(161)(149)
Operating income:13333538526667
Other undisclosed income from continuing operations before equity method investments, income taxes4300000
Income from continuing operations before equity method investments, income taxes:17353538526668
Income (loss) from equity method investments  (2)10(0)(0)
Income from continuing operations before income taxes:17353339526668
Income tax expense(5)(9)(11)(15)(20)(25)(26)
Net income:11262124324142
Other undisclosed net loss attributable to parent(1)(1)     
Net income available to common stockholders, diluted:10262124324142

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:11262124324142
Comprehensive income, net of tax, attributable to parent:11262124324142

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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