Stride, Inc. (LRN) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments257386212283231231214
Cash and cash equivalents257386212283231231214
Receivables430369236192176192170
Inventory, net of allowances, customer advances and progress billings24402830313131
Inventory24402830313131
Prepaid expense2919131310810
Other current assets76431112101222
Total current assets:816858501530459474446
Noncurrent Assets
Inventory, Noncurrent7954   
Finance lease, right-of-use asset 4920
Operating lease, right-of-use asset9195112
Property, plant and equipment 723932292628
Long-term investments and receivables2023     
Long-term investments2023     
Intangible assets, net (including goodwill)336340252105108107110
Goodwill24124017590908787
Intangible assets, net (excluding goodwill)95997715182023
Other noncurrent assets98106724837616
Other undisclosed noncurrent assets1572772100109122133
Total noncurrent assets:710720572290283262288
TOTAL ASSETS:1,5261,5771,073820742735734
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136220115113808184
Accounts payable34624050293026
Accrued liabilities61782721142227
Employee-related liabilities41804742362931
Deferred revenue503824
Debt362713420131213
Deferred revenue and credits232526
Contract with customer, liability23
Other undisclosed current liabilities1521     
Total current liabilities:238306273156116118123
Noncurrent Liabilities
Long-term debt and lease obligation1241191015131010
Finance lease, liability45425
Capital lease obligations5131010
Operating lease, liability797797
Liabilities, other than long-term debt19482326263235
Deferred revenue and credits347
Deferred rent credit   2
Deferred tax liabilities, net17131718
Deferred income tax liabilities83214
Other liabilities1116107101210
Other undisclosed noncurrent liabilities411299     
Total noncurrent liabilities:55346612531394245
Total liabilities:792773398186155160168
Temporary equity, carrying amount     18
Stockholders' equity
Stockholders' equity attributable to parent734805675633587574559
Common stock0000000
Treasury stock, value(102)(102)(102)(102)(102)(75)(75)
Additional paid in capital681795731713703690675
Accumulated other comprehensive income (loss)(0)(0)0(0)(0)(0)(0)
Retained earnings (accumulated deficit)1561124722(13)(41)(41)
Total stockholders' equity:734805675633587574559
TOTAL LIABILITIES AND EQUITY:1,5261,5771,073820742735734

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues1,5991,5371,0411,016918889873
Cost of revenue
(Cost of Goods and Services Sold)
(1,050)(1,002)(693)(663)(592)(557)(547)
Gross profit:550535348352325331326
Operating expenses(440)(424)(315)(307)(300)(318)(312)
Operating income:1101103245261314
Nonoperating income
(Other Nonoperating income)
5300   
Interest and debt expense(2)(1)(1)    
Other undisclosed loss from continuing operations before equity method investments, income taxes(16)(16)     
Income from continuing operations before equity method investments, income taxes:97963246261314
Income (loss) from equity method investments11 (1)   
Other undisclosed income (loss) from continuing operations before income taxes2(1)231(8)(1)
Income from continuing operations before income taxes:10095334827513
Income tax expense (benefit)(29)(25)(9)(11)1(5)(5)
Income (loss) before gain (loss) on sale of properties:7171253827(0)9
Other undisclosed net income (loss)(0)1(0)(1)   
Net income (loss):7071253727(0)9
Net income attributable to noncontrolling interest    010
Net income attributable to parent:707125372809
Preferred stock dividends and other adjustments     (3) 
Net income (loss) available to common stockholders, diluted:7071253728(3)9

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):7071253727(0)9
Other undisclosed comprehensive income (loss)  00(0)01
Comprehensive income (loss):7071253727(0)9
Comprehensive income, net of tax, attributable to noncontrolling interest    010
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(1)     
Comprehensive income, net of tax, attributable to parent:7071253728110

Statements Sources

The financial statements are based on the Company's filings with 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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