Grand Canyon Education, Inc. (LOPE) financial statements (2022 and earlier)

Company profile

Business Address 2600 W. CAMELBACK ROAD
PHOENIX, AZ 85017
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6012461221891534623
Cash and cash equivalents6012461221201534623
Short-term investments   69   
Restricted cash and investments  062958575
Receivables71645147131512
Deferred tax assets2   
Other current assets9987252221
Other undisclosed current assets 16263896390
Total current assets:681334208309375230221
Noncurrent Assets
Operating lease, right-of-use asset586128
Property, plant and equipment136129120111922856667
Long-term investments and receivables 965970900   
Accounts and financing receivable, after allowance for credit loss 965970900   
Intangible assets, net (including goodwill)3463543633333
Goodwill1611611613333
Intangible assets, net (excluding goodwill)185194202    
Other noncurrent assets2220113
Other undisclosed noncurrent assets    333
Total noncurrent assets:5421,5111,4821,015929862677
TOTAL ASSETS:1,2231,8451,6901,3241,3041,092898
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities91785944896866
Accounts payable24171514292534
Accrued liabilities2822179212114
Employee-related liabilities33342115232018
Taxes payable65751630
Deferred revenue0 0
Debt 3336367327
Due to related parties     01
Deferred revenue and credits474138
Customer advances and deposits958677
Other undisclosed current liabilities77     
Total current liabilities:981199581238227189
Noncurrent Liabilities
Long-term debt and lease obligation5413113323606774
Long-term debt, excluding current maturities 7510823606773
Capital lease obligations   1
Operating lease, liability545726
Liabilities, other than long-term debt2620186202526
Deferred tax liabilities, net6182421
Deferred income tax liabilities262018
Other liabilities000 124
Total noncurrent liabilities:80152152307992100
Total liabilities:178270247110318319288
Stockholders' equity
Stockholders' equity attributable to parent1,0451,5741,4431,214986774610
Common stock1111111
Treasury stock, value(1,107)(303)(169)(125)(101)(89)(69)
Additional paid in capital297282271257233213177
Accumulated other comprehensive loss   (0)(1)(1)(0)
Retained earnings1,8551,5951,3411,082854651502
Total stockholders' equity:1,0451,5741,4431,214986774610
TOTAL LIABILITIES AND EQUITY:1,2231,8451,6901,3241,3041,092898

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues897844779846974873778
Revenue, net974873778
Cost of revenue(386)(351)(318)(396)(467)(432)(442)
Gross profit:510494461450507442336
Operating expenses(228)(216)(195)(192)(225)(205)(126)
Operating income:282277265258283237210
Nonoperating income
(Investment Income, Nonoperating)
1143   
Interest and debt expense(4)(4)(11)(2)(2)(1)(1)
Income from continuing operations before equity method investments, income taxes:279274258260281236209
Other undisclosed income (loss) from continuing operations before income taxes5259592730(0)
Income from continuing operations before income taxes:331333318287284236209
Income tax expense(71)(76)(58)(58)(80)(88)(78)
Net income available to common stockholders, diluted:260257259229203149131

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:260257259229203149131
Comprehensive income:260257259229203149131
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  000(0)(0)
Comprehensive income, net of tax, attributable to parent:260257260229204148131

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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