Grand Canyon Education, Inc. (LOPE) financial statements (2021 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)

12/31/2020
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 investments2461221891534623166
Cash and cash equivalents246122120153462365
Short-term investments  69   101
Restricted cash and investments 06295857568
Receivables6451471315128
Deferred tax assets2   (6)
Other current assets98725222119
Other undisclosed current assets1626389639012
Total current assets:334208309375230221267
Noncurrent Assets
Operating lease, right-of-use asset6128
Property, plant and equipment129120111922856667478
Long-term investments and receivables965970900    
Accounts and financing receivable, after allowance for credit loss965970900    
Intangible assets, net (including goodwill)35436333333
Goodwill16116133333
Intangible assets, net (excluding goodwill)194202     
Other noncurrent assets2201134
Other undisclosed noncurrent assets   3334
Total noncurrent assets:1,5111,4821,015929862677489
TOTAL ASSETS:1,8451,6901,3241,3041,092898756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78594489686666
Accounts payable17151429253423
Accrued liabilities2217921211414
Employee-related liabilities34211523201824
Taxes payable57516306
Deferred revenue 0
Debt33363673277
Due to related parties    010
Deferred revenue and credits47413837
Customer advances and deposits95867770
Other undisclosed current liabilities7     (1)
Total current liabilities:1199581238227189179
Noncurrent Liabilities
Long-term debt and lease obligation1311332360677480
Long-term debt, excluding current maturities751082360677380
Capital lease obligations   10
Operating lease, liability5726
Liabilities, other than long-term debt2018620252620
Deferred tax liabilities, net618242116
Deferred income tax liabilities2018
Other liabilities00 1245
Total noncurrent liabilities:152152307992100101
Total liabilities:270247110318319288279
Stockholders' equity
Stockholders' equity attributable to parent1,5741,4431,214986774610476
Common stock1111110
Treasury stock, value(303)(169)(125)(101)(89)(69)(54)
Additional paid in capital282271257233213177159
Accumulated other comprehensive loss  (0)(1)(1)(0)(0)
Retained earnings1,5951,3411,082854651502371
Total stockholders' equity:1,5741,4431,214986774610476
TOTAL LIABILITIES AND EQUITY:1,8451,6901,3241,3041,092898756

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues844779846974873778691
Revenue, net974873778691
Cost of revenue(351)(318)(396)(467)(432)(442)(353)
Gross profit:494461450507442336338
Operating expenses(216)(195)(192)(225)(205)(126)(157)
Operating income:277265258283237210181
Nonoperating income
(Investment Income, Nonoperating)
143   1
Interest and debt expense(4)(11)(2)(2)(1)(1)(2)
Income from continuing operations before equity method investments, income taxes:274258260281236209180
Other undisclosed income (loss) from continuing operations before income taxes59592730(0) 
Income from continuing operations before income taxes:333318287284236209180
Income tax expense(76)(58)(58)(80)(88)(78)(68)
Net income available to common stockholders, diluted:257259229203149131111

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:257259229203149131111
Comprehensive income:257259229203149131111
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 000(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:257260229204148131111

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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