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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4262530
Cash and cash equivalents4262530
Restricted cash and investments253332 
Inventory, net of allowances, customer advances and progress billings000000 
Inventory000000 
Prepaid expense    00 
Deferred costs799999 
Other undisclosed current assets236322 
Total current assets:1518251820160
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment 21111 
Other noncurrent assets000000 
Other undisclosed noncurrent assets2001   
Total noncurrent assets:222312 
TOTAL ASSETS:1721272021180
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3765540
Accounts payable253323 
Accrued liabilities112111 
Employee-related liabilities012111 
Other undisclosed accounts payable and accrued liabilities      0
Debt11   0 
Liability for uncertainty in income taxes 22222 
Disposal group, including discontinued operation4      
Deferred revenue and credits57546156 
Other undisclosed current liabilities48581111 
Total current liabilities:5768666268630
Noncurrent Liabilities
Long-term debt and lease obligation000000 
Long-term debt, excluding current maturities 00000 
Operating lease, liability0
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:5769686368640
Stockholders' equity
Stockholders' equity attributable to parent(39)(49)(41)(42)(47)(46)0
Common stock0000000
Additional paid in capital1211111111110
Accumulated other comprehensive income (loss)11(0)320 
Accumulated deficit(52)(62)(52)(56)(60)(57)(0)
Total stockholders' equity:(39)(49)(41)(42)(47)(46)0
TOTAL LIABILITIES AND EQUITY:1721272021180

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
9/30/2014
Revenues759398898797 
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)(0)
Other undisclosed operating income6083797274113 
Operating income (loss):2(9)22(3)6(0)
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(0)
Other undisclosed income from continuing operations before income taxes 0000  
Income (loss) from continuing operations before income taxes:2(9)63(3)7(0)
Income tax expense (benefit)1(0)(2)1(0)(0) 
Net income (loss):3(10)44(3)7(0)
Other undisclosed net income attributable to parent7     0
Net income (loss) attributable to parent:10(10)44(3)7(0)
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(0)
Dilutive securities, effect on basic earnings per share3 00   
Net income (loss) available to common stockholders, diluted:7(10)44(3)7(0)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
9/30/2014
Net income (loss):3(10)44(3)7(0)
Comprehensive income (loss):3(10)44(3)7(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent62(3)111 
Comprehensive income (loss), net of tax, attributable to parent:9(8)15(1)9(0)

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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