Education Management Corporation (EDMCQ) financial statements (2020 and earlier)

Company profile

Business Address 300 SIXTH AVENUE
PITTSBURGH, PA 15222
State of Incorp.
Fiscal Year End June 30
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments271131
Cash and cash equivalents271131
Receivables210206
Inventory, net of allowances, customer advances and progress billings6
Inventory 6
Prepaid expense5
Prepaid expense and other current assets48
Deferred tax assets25 
Other current assets36
Other undisclosed current assets330381
Total current assets:876772
Noncurrent Assets
Property, plant and equipment429526
Long-term investments and receivables29(28)
Accounts and financing receivable, after allowance for credit loss29(28)
Intangible assets, net (including goodwill)513970
Goodwill343669
Intangible assets, net (excluding goodwill)170300
Other noncurrent assets58
Prepaid expense and other noncurrent assets49
Other undisclosed noncurrent assets(29)28
Total noncurrent assets:1,0011,544
TOTAL ASSETS:1,8772,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities242190
Accounts payable3933
Accrued liabilities167157
Employee-related liabilities36 
Debt1212
Deferred revenue and credits116113
Other undisclosed current liabilities266171
Total current liabilities:635486
Noncurrent Liabilities
Long-term debt and lease obligation1,2721,273
Long-term debt, excluding current maturities1,2721,273
Liabilities, other than long-term debt279390
Deferred revenue and credits186201
Deferred tax liabilities, net83154
Other liabilities1134
Total noncurrent liabilities:1,5511,663
Total liabilities:2,1862,149
Stockholders' equity
Stockholders' equity attributable to parent(285)250
Common stock11
Treasury stock, value(332)(329)
Additional paid in capital1,8161,795
Accumulated other comprehensive loss(8)(14)
Accumulated deficit(1,762)(1,204)
Total stockholders' equity:(285)250
Other undisclosed liabilities and equity(24)(84)
TOTAL LIABILITIES AND EQUITY:1,8772,315

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

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
2,2732,499
Cost of revenue(1,374)(1,727)
Cost of goods and services sold(1,374)(1,447)
Gross profit:899772
Operating expenses(1,802)(898)
Other undisclosed operating income413 
Operating loss:(489)(126)
Interest and debt expense (5)
Other undisclosed loss from continuing operations before equity method investments, income taxes(128)(125)
Loss from continuing operations before income taxes:(617)(256)
Income tax expense(47)(12)
Net loss available to common stockholders, diluted:(664)(268)

Comprehensive Income ($ in millions)

6/30/2014
6/30/2013
Net loss:(664)(268)
Comprehensive loss:(664)(268)
Other undisclosed comprehensive income, net of tax, attributable to parent54
Comprehensive loss, net of tax, attributable to parent:(658)(264)

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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