Strategic Education, Inc. (STRA) financial statements (2021 and earlier)

Company profile

Business Address 2303 DULLES STATION BOULEVARD
HERNDON, VA 20171
State of Incorp. MD
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments195455349156129107162
Cash and cash equivalents188420312156129107162
Short-term investments83537    
Restricted cash and investments      0
Receivables52525623211917
Other current assets39181611111317
Other undisclosed current assets      (0)
Total current assets:286524420190161139197
Noncurrent Assets
Operating lease, right-of-use asset121 
Property, plant and equipment15911712374737782
Long-term investments and receivables303738  22
Long-term investments303738    
Accounts and financing receivable, after allowance for credit loss     22
Intangible assets, net (including goodwill)1,6451,0051,061212177
Goodwill1,319732733212177
Intangible assets, net (excluding goodwill)326273328    
Restricted cash and investments 1    1
Other noncurrent assets552219121366
Other undisclosed noncurrent assets 84 24311814
Total noncurrent assets:2,0101,2651,241131138110111
TOTAL ASSETS:2,2961,7891,661321299248308
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:105918646414244
Taxes payable 101231
Other undisclosed accounts payable and accrued liabilities105898645394043
Deferred revenue61 
Debt      6
Restructuring reserve      6
Deferred revenue and credits2217125
Contract with customer, liability3939
Other liabilities    000
Other undisclosed current liabilities35270123(5)
Total current liabilities:20015712569605856
Noncurrent Liabilities
Long-term debt and lease obligation248     113
Long-term debt, excluding current maturities142     113
Operating lease, liability106 
Liabilities, other than long-term debt, including:99415143504846
Deferred revenue and credits21181510
Contract with customer, liability3124
Deferred income tax liabilities53 
Restructuring reserve 27    
Other liabilities4621    
Other undisclosed liabilities, other than long-term debt 71922333336
Other undisclosed noncurrent liabilities 12859    
Total noncurrent liabilities:347170111435048159
Total liabilities:547327236112110106215
Stockholders' equity
Stockholders' equity attributable to parent1,7481,4631,42520918814393
Common stock0000000
Additional paid in capital1,5201,3091,30747352515
Accumulated other comprehensive income4900   0
Retained earnings18015311816215311878
Total stockholders' equity:1,7481,4631,42520918814393
TOTAL LIABILITIES AND EQUITY:2,2961,7891,661321299248308

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,028997634455441434446
Revenue, net455441434446
Cost of revenue(90)(84)(85)(265)(259)(250)(236)
Cost of goods and services sold   (245)(241)(234)(236)
Provision for loan, lease, and other losses(49)  
Gross profit:937914549190182184210
Operating expenses(828)(803)(572)(138)(125)(114)(150)
Other undisclosed operating income      22
Operating income (loss):109111(23)52577082
Nonoperating income51341000
Investment income, nonoperating   1000
Other nonoperating income5134    
Interest and debt expense(0)(0)(0)(1)(1)(4)(5)
Income (loss) from continuing operations before equity method investments, income taxes:113123(19)53576677
Other undisclosed income from continuing operations before income taxes000    
Income (loss) from continuing operations before income taxes:114124(19)53576677
Income tax expense (benefit)(28)(43)3(32)(22)(26)(30)
Net income (loss) available to common stockholders, diluted:8681(16)21354046

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):8681(16)21354046
Comprehensive income (loss):8681(16)21354046
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4900  (0)0
Comprehensive income (loss), net of tax, attributable to parent:13581(16)21354046

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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