2U, Inc. (TWOU) financial statements (2021 and earlier)

Company profile

Business Address 7900 HARKINS ROAD
LANHAM, MD 20706
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments17147522316918487
Cash and cash equivalents17145022316918487
Short-term investments 25    
Restricted cash and investments19     
Receivables343214810
Prepaid expense   873
Other undisclosed current assets37151112 
Total current assets:26152224818519390
Noncurrent Assets
Operating lease, right-of-use asset43
Property, plant and equipment5852491687
Intangible assets, net (including goodwill)7511981632  
Goodwill4186272   
Intangible assets, net (excluding goodwill)333137912  
Prepaid expense   77 
Other noncurrent assets   341
Other undisclosed noncurrent assets733522321915
Total noncurrent assets:926286234603823
TOTAL ASSETS:1,187807482244231113
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:65282320182
Accounts payable   452
Accrued liabilities46     
Employee-related liabilities2223191613 
Other undisclosed accounts payable and accrued liabilities(2)54   
Deferred revenue49
Debt8     
Deferred revenue and credits7332
Contract with customer, liability8
Other liabilities1399   
Other undisclosed current liabilities212319181220
Total current liabilities:1566858413324
Noncurrent Liabilities
Long-term debt and lease obligation314     
Long-term debt, excluding current maturities247     
Operating lease, liability67
Liabilities, other than long-term debt62310831
Deferred tax liabilities, net 10   
Deferred income tax liabilities5
Other liabilities1230831
Other undisclosed noncurrent liabilities 1026  1
Total noncurrent liabilities:3203436831
Total liabilities:47610294493525
Stockholders' equity
Stockholders' equity attributable to parent71170538819519688
Common stock000000
Additional paid in capital1,197958588371351217
Accumulated other comprehensive income (loss)(7)(9)5   
Accumulated deficit(479)(244)(206)(176)(156)(129)
Total stockholders' equity:71170538819519688
TOTAL LIABILITIES AND EQUITY:1,187807482244231113

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues575412287206150110
Revenue, net287206150110
Cost of revenue(278)(154)(103)(74)(59)(49)
Cost of goods and services sold  (46)(33)(27)(23)
Gross profit:2972571831329161
Operating expenses(544)(304)(214)(153)(117)(89)
Operating loss:(247)(47)(30)(21)(26)(28)
Nonoperating income (expense)6500(1)(1)
Investment income, nonoperating650000
Other nonoperating expense    (0) 
Interest and debt expense(13)(0)(0)  (1)
Loss from continuing operations before equity method investments, income taxes:(254)(41)(30)(21)(27)(30)
Other undisclosed income (loss) from continuing operations before income taxes(1)(2)(1)  1
Loss from continuing operations before income taxes:(255)(43)(31)(21)(27)(29)
Income tax benefit2051   
Net loss attributable to parent:(235)(38)(29)(21)(27)(29)
Preferred stock dividends and other adjustments     (0)
Net loss available to common stockholders, diluted:(235)(38)(29)(21)(27)(29)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(235)(38)(29)(21)(27)(29)
Comprehensive loss:(235)(38)(29)(21)(27)(29)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(14)5   
Comprehensive loss, net of tax, attributable to parent:(234)(52)(24)(21)(27)(29)

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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