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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments258212283231231214196
Cash and cash equivalents258212283231231214196
Receivables435236192176192170188
Inventory, net of allowances, customer advances and progress billings29283031313130
Inventory29283031313130
Prepaid expense2213131081011
Deferred tax assets    9
Other current assets25111210122225
Total current assets:768501530459474446459
Noncurrent Assets
Inventory, Noncurrent554    
Finance lease, right-of-use asset5320
Operating lease, right-of-use asset104112
Property, plant and equipment 393229262834
Intangible assets, net (including goodwill)34725210510810711087
Goodwill2411759090878766
Intangible assets, net (excluding goodwill)107771518202321
Other noncurrent assets757248376166
Other undisclosed noncurrent assets11972100109122133121
Total noncurrent assets:703572290283262288250
TOTAL ASSETS:1,4721,073820742735734709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12311511380818469
Accounts payable39405029302630
Accrued liabilities42272114222712
Employee-related liabilities43474236293127
Deferred revenue6324
Debt221342013121317
Deferred revenue and credits23252625
Contract with customer, liability23
Other undisclosed current liabilities21      
Total current liabilities:229273156116118123111
Noncurrent Liabilities
Long-term debt and lease obligation125101513101013
Finance lease, liability385
Capital lease obligations513101013
Operating lease, liability8797
Liabilities, other than long-term debt75232626323538
Deferred revenue and credits3478
Deferred rent credit  2
Deferred tax liabilities, net1713171822
Deferred income tax liabilities3514
Other liabilities401071012108
Other undisclosed noncurrent liabilities292      
Total noncurrent liabilities:4911253139424551
Total liabilities:720398186155160168162
Temporary equity, carrying amount    1810
Stockholders' equity
Stockholders' equity attributable to parent752675633587574559537
Common stock0000000
Treasury stock, value(102)(102)(102)(102)(75)(75)(75)
Additional paid in capital777731713703690675663
Accumulated other comprehensive income (loss)(0)0(0)(0)(0)(0)(1)
Retained earnings (accumulated deficit)784722(13)(41)(41)(50)
Total stockholders' equity:752675633587574559537
TOTAL LIABILITIES AND EQUITY:1,4721,073820742735734709

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues1,2731,0411,016918889873948
Cost of revenue
(Cost of Goods and Services Sold)
(844)(693)(663)(592)(557)(547)(959)
Gross profit:429348352325331326(10)
Operating expenses(357)(315)(307)(300)(318)(312)(337)
Other undisclosed operating income      366
Operating income:72324526131418
Nonoperating income
(Other Nonoperating income)
200    
Interest and debt expense(1)(1)     
Income from continuing operations before equity method investments, income taxes:73324626131418
Loss from equity method investments  (1)    
Other undisclosed income (loss) from continuing operations before income taxes(7)231(8)(1)(3)
Income from continuing operations before income taxes:6633482751315
Income tax expense (benefit)(15)(9)(11)1(5)(5)(6)
Income (loss) before gain (loss) on sale of properties:51253827(0)99
Other undisclosed net income (loss)0(0)(1)    
Net income (loss):51253727(0)99
Net income attributable to noncontrolling interest   0102
Net income attributable to parent:512537280911
Preferred stock dividends and other adjustments    (3)  
Net income (loss) available to common stockholders, diluted:51253728(3)911

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):51253727(0)99
Other comprehensive income      8
Other undisclosed comprehensive income (loss)000(0)01 
Comprehensive income (loss):51253727(0)918
Comprehensive income, net of tax, attributable to noncontrolling interest   0102
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)     (9)
Comprehensive income, net of tax, attributable to parent:5125372811010

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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