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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1221891534623166164
Cash and cash equivalents12212015346236556
Short-term investments 69   101108
Restricted cash and investments0629585756864
Receivables514713151287
Income taxes receivable4
Deferred tax assets2   (6)5
Other current assets872522211919
Other undisclosed current assets26389639012 
Total current assets:208309375230221267264
Noncurrent Assets
Operating lease, right-of-use asset28
Property, plant and equipment120111922856667478340
Long-term investments and receivables970900     
Accounts and financing receivable, after allowance for credit loss970900     
Intangible assets, net (including goodwill)363333333
Goodwill161333333
Intangible assets, net (excluding goodwill)202      
Other noncurrent assets2011345
Deferred tax assets, net     (12)
Other undisclosed noncurrent assets  333416
Total noncurrent assets:1,4821,015929862677489352
TOTAL ASSETS:1,6901,3241,3041,092898756616
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59448968666660
Accounts payable15142925342324
Accrued liabilities1792121141415
Employee-related liabilities21152320182420
Taxes payable75163061
Deferred revenue0
Debt3636732777
Due to related parties   0100
Deferred revenue and credits4741383733
Customer advances and deposits95867770
Other undisclosed current liabilities     (1)66
Total current liabilities:9581238227189179166
Noncurrent Liabilities
Long-term debt and lease obligation133236067748087
Long-term debt, excluding current maturities108236067738086
Capital lease obligations   100
Operating lease, liability26
Liabilities, other than long-term debt1862025262019
Deferred tax liabilities, net61824211612
Deferred income tax liabilities18
Other liabilities0 12457
Total noncurrent liabilities:152307992100101106
Total liabilities:247110318319288279271
Stockholders' equity
Stockholders' equity attributable to parent1,4431,214986774610476345
Common stock1111100
Treasury stock, value(169)(125)(101)(89)(69)(54)(48)
Additional paid in capital271257233213177159133
Accumulated other comprehensive income (loss) (0)(1)(1)(0)(0)0
Retained earnings1,3411,082854651502371260
Total stockholders' equity:1,4431,214986774610476345
TOTAL LIABILITIES AND EQUITY:1,6901,3241,3041,092898756616

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues779846974873778691598
Revenue, net974873778691598
Cost of revenue(318)(396)(467)(432)(442)(353)(367)
Gross profit:461450507442336338231
Operating expenses(195)(192)(225)(205)(126)(157)(88)
Operating income:265258283237210181143
Nonoperating income
(Investment Income, Nonoperating)
43   14
Interest and debt expense(11)(2)(2)(1)(1)(2)(2)
Income from continuing operations before equity method investments, income taxes:258260281236209180145
Other undisclosed income (loss) from continuing operations before income taxes592730(0)  
Income from continuing operations before income taxes:318287284236209180145
Income tax expense(58)(58)(80)(88)(78)(68)(56)
Net income available to common stockholders, diluted:25922920314913111189

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:25922920314913111189
Comprehensive income:25922920314913111189
Other undisclosed comprehensive income (loss), net of tax, attributable to parent000(0)(0)(0)1
Comprehensive income, net of tax, attributable to parent:26022920414813111189

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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