Learning Tree International Inc (LTRE) financial statements (2022 and earlier)

Company profile

Business Address 1805 LIBRARY STREET
RESTON, VA 20190
State of Incorp. DE
Fiscal Year End September 30
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,7325,0808,54017,93631,07826,583
Cash and cash equivalents4,7325,0808,54017,93631,07826,583
Receivables8,8569,8549,74610,97316,93314,057
Prepaid expense1,4221,3991,9162,7733,3503,383
Deposits current assets 1,174    
Income taxes receivable921
Other current assets1,2221,3331,4241,7471,4831,848
Total current assets:16,23218,84021,62633,42952,84446,792
Noncurrent Assets
Property, plant and equipment3,5944,5305,9106,0708,88816,698
Restricted cash and investments1,4881,4772,9433,2653,2314,175
Other noncurrent assets816911701681748831
Other undisclosed noncurrent assets518505427476489466
Total noncurrent assets:6,4167,4239,98110,49213,35622,170
TOTAL ASSETS:22,64826,26331,60743,92166,20068,962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,8869,2499,48211,00814,84911,476
Accounts payable5,8936,2456,0956,7447,9097,309
Accrued liabilities6427439731,2252,294 
Employee-related liabilities2,3372,2072,4142,8654,4474,167
Taxes payable1454 174199 
Debt2,31725381   
Deferred rent credit426
Restructuring reserve1,033    
Deferred revenue and credits18,79521,54623,98327,84930,601
Other undisclosed current liabilities16,4598951,0573276583,020
Total current liabilities:29,12129,19232,16635,31843,35645,097
Noncurrent Liabilities
Long-term debt and lease obligation250659386   
Long-term debt, excluding current maturities50365    
Capital lease obligations200294386   
Liabilities, other than long-term debt7,1936,5476,7415,5566,7465,947
Deferred revenue and credits3,4343,8082,5753,4432,503
Deferred rent credit3,033
Asset retirement obligations9161,1431,3691,6691,8802,004
Deferred tax liabilities, net11911889134161284
Liability for uncertainty in income taxes2,1001,8521,4751,1781,2621,156
Restructuring reserve1,025     
Other undisclosed noncurrent liabilities 1,6872,103 3012,257
Total noncurrent liabilities:7,4438,8939,2305,5567,0478,204
Total liabilities:36,56438,08541,39640,87450,40353,301
Stockholders' equity
Stockholders' equity attributable to parent(13,916)(11,822)(9,789)3,04715,79715,661
Common stock111111
Additional paid in capital6,5936,4876,3886,2246,1485,825
Accumulated other comprehensive loss(1,018)(877)(882)(578)(325)(139)
Retained earnings (accumulated deficit)(19,492)(17,433)(15,296)(2,600)9,9739,974
Total stockholders' equity:(13,916)(11,822)(9,789)3,04715,79715,661
TOTAL LIABILITIES AND EQUITY:22,64826,26331,60743,92166,20068,962

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

9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues64,31870,66381,58794,884118,248116,810
Cost of revenue(36,642)(40,298)(50,163)(55,809)(66,574)(63,010)
Gross profit:27,67630,36531,42439,07551,67453,800
Operating expenses(29,651)(31,647)(43,936)(48,766)(57,599)(61,986)
Other operating income (expense), net (53)11(4)6,322 
Other undisclosed operating loss(11)     
Operating income (loss):(1,986)(1,335)(12,501)(9,695)397(8,186)
Nonoperating income (expense)60(328)227354(75)(89)
Investment income, nonoperating(96)(53)15233943
Gain on contract termination     132
Foreign currency transaction gain (loss), before tax148(254)215340115(151)
Other nonoperating income (expense)8(21)(3)(9)(229)19
Income (loss) from continuing operations before income taxes:(1,926)(1,663)(12,274)(9,341)322(8,275)
Income tax expense(133)(474)(422)(467)(321)(444)
Net income (loss):(2,059)(2,137)(12,696)(9,808)1(8,719)
Other undisclosed net loss attributable to parent   (2,765)  
Net income (loss) available to common stockholders, diluted:(2,059)(2,137)(12,696)(12,573)1(8,719)

Comprehensive Income ($ in thousands)

9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net income (loss):(2,059)(2,137)(12,696)(9,808)1(8,719)
Other undisclosed comprehensive income (loss)(141)5(304)(3,018)(186)(149)
Comprehensive loss, net of tax, attributable to parent:(2,200)(2,132)(13,000)(12,826)(185)(8,868)

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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