Legacy Education Alliance, Inc. (LEAI) financial statements (2021 and earlier)

Company profile

Business Address 1612 CAPE CORAL PARKWAY EAST
CAPE CORAL, FL 33904
State of Incorp. NV
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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 426253
Cash and cash equivalents 426253
Restricted cash and investments 253332
Inventory, net of allowances, customer advances and progress billings 000000
Inventory 000000
Prepaid expense     00
Deferred costs 799999
Other undisclosed current assets 236322
Total current assets: 151825182016
Noncurrent Assets
Operating lease, right-of-use asset 0
Property, plant and equipment  21111
Other noncurrent assets 000000
Other undisclosed noncurrent assets 2001  
Total noncurrent assets: 222312
TOTAL ASSETS: 172127202118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 376554
Accounts payable 253323
Accrued liabilities 112111
Employee-related liabilities 012111
Debt 11   0
Liability for uncertainty in income taxes  22222
Disposal group, including discontinued operation 4     
Deferred revenue and credits57546156
Other undisclosed current liabilities 48581111
Total current liabilities: 576866626863
Noncurrent Liabilities
Long-term debt and lease obligation 000000
Long-term debt, excluding current maturities  00000
Operating lease, liability 0
Liabilities, other than long-term debt  12100
Deferred revenue and credits1000
Liability for uncertainty in income taxes      0
Other liabilities  11000
Other undisclosed noncurrent liabilities      (0)
Total noncurrent liabilities: 012100
Total liabilities: 576968636864
Stockholders' equity
Stockholders' equity attributable to parent (39)(49)(41)(42)(47)(46)
Common stock 000000
Additional paid in capital 121111111111
Accumulated other comprehensive income (loss) 11(0)320
Accumulated deficit (52)(62)(52)(56)(60)(57)
Total stockholders' equity: (39)(49)(41)(42)(47)(46)
TOTAL LIABILITIES AND EQUITY: 172127202118

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 759398898797
Cost of revenue
(Cost of Goods and Services Sold)
 (40)(56)(54)(48)(48)(45)
Other undisclosed gross profit (20)(27)(25)(24)(26)(29)
Gross profit: 161019181323
Operating expenses (74)(102)(96)(87)(90)(130)
Other undisclosed operating income 6083797274113
Operating income (loss): 2(9)22(3)6
Nonoperating income (expense) 0(0)4002
Other nonoperating income (expense) 1(0)4001
Interest and debt expense  (0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes      0
Income (loss) from continuing operations before equity method investments, income taxes: 2(10)63(3)7
Other undisclosed income from continuing operations before income taxes  0000 
Income (loss) from continuing operations before income taxes: 2(9)63(3)7
Income tax expense (benefit) 1(0)(2)1(0)(0)
Net income (loss): 3(10)44(3)7
Other undisclosed net income attributable to parent 7     
Net income (loss) attributable to parent: 10(10)44(3)7
Other undisclosed net loss available to common stockholders, basic (7) (0)(0)  
Net income (loss) available to common stockholders, basic: 3(10)44(3)7
Dilutive securities, effect on basic earnings per share 3 00  
Net income (loss) available to common stockholders, diluted: 7(10)44(3)7

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 3(10)44(3)7
Comprehensive income (loss): 3(10)44(3)7
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 62(3)111
Comprehensive income (loss), net of tax, attributable to parent: 9(8)15(1)9

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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