K12 Inc (LRN) financial statements (2021 and earlier)

Company profile

Business Address 2300 CORPORATE PARK DRIVE
HERNDON, VA 20171
State of Incorp. DE
Fiscal Year End June 30
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments212283231231214196196
Cash and cash equivalents212283231231214196196
Receivables252192176192170188195
Inventory, net of allowances, customer advances and progress billings20303131313034
Inventory20303131313034
Prepaid expense171310810117
Deferred tax assets    98
Other current assets14121012222525
Total current assets:514530459474446459465
Noncurrent Assets
Inventory, Noncurrent44     
Finance lease, right-of-use asset25
Operating lease, right-of-use asset19
Property, plant and equipment 322926283449
Intangible assets, net (including goodwill)1041051081071108782
Goodwill90909087876658
Intangible assets, net (excluding goodwill)13151820232124
Other noncurrent assets73483761665
Other undisclosed noncurrent assets89100109122133121111
Total noncurrent assets:313290283262288250246
TOTAL ASSETS:827820742735734709712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities781138081846969
Accounts payable31502930263031
Accrued liabilities20211422271221
Employee-related liabilities28423629312717
Deferred revenue24
Debt32201312131720
Deferred revenue and credits2325262524
Contract with customer, liability23
Total current liabilities:134156116118123111114
Noncurrent Liabilities
Long-term debt and lease obligation1751310101316
Finance lease, liability2
Capital lease obligations51310101316
Operating lease, liability15
Liabilities, other than long-term debt25262632353836
Deferred revenue and credits34788
Deferred rent credit 2
Deferred tax liabilities, net171317182222
Deferred income tax liabilities17
Other liabilities8710121085
Total noncurrent liabilities:42313942455152
Total liabilities:176186155160168162166
Temporary equity, carrying amount   181017
Stockholders' equity
Stockholders' equity attributable to parent651633587574559537529
Common stock0000000
Treasury stock, value(102)(102)(102)(75)(75)(75)(49)
Additional paid in capital720713703690675663639
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(1)(0)
Retained earnings (accumulated deficit)3322(13)(41)(41)(50)(61)
Total stockholders' equity:651633587574559537529
TOTAL LIABILITIES AND EQUITY:827820742735734709712

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,0241,016918889873948920
Cost of revenue
(Cost of Goods and Services Sold)
(681)(663)(592)(557)(547)(959)(849)
Gross profit:343352325331326(10)71
Operating expenses(306)(307)(300)(318)(312)(337)(331)
Other undisclosed operating income     366283
Operating income:37452613141823
Nonoperating income
(Other Nonoperating income)
10     
Interest and debt expense(0)      
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)      
Income from continuing operations before equity method investments, income taxes:37462613141823
Loss from equity method investments(0)(1)     
Other undisclosed income (loss) from continuing operations before income taxes531(8)(1)(3)6
Income from continuing operations before income taxes:4248275131529
Income tax expense (benefit)(8)(11)1(5)(5)(6)(11)
Income (loss) before gain (loss) on sale of properties:333827(0)9918
Other undisclosed net loss(1)(1)     
Net income (loss):333727(0)9918
Net income attributable to noncontrolling interest  01021
Net income attributable to parent:333728091120
Preferred stock dividends and other adjustments   (3)   
Net income (loss) available to common stockholders, diluted:333728(3)91120

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):333727(0)9918
Other comprehensive income     818
Other undisclosed comprehensive income (loss)00(0)01  
Comprehensive income (loss):333727(0)91836
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  0102(1)
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)    (9)(15)
Comprehensive income, net of tax, attributable to parent:3337281101020

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: