Universal Technical Institute Inc (UTI) financial statements (2021 and earlier)
Company profile
| Business Address |
4225 EAST WINDROSE DRIVE PHOENIX, AZ 85032 |
| 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 millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72 | 115 | 65 | 58 | 98 | 121 | 58 | ||
| Cash and cash equivalents | 44 | 77 | 65 | 58 | 50 | 119 | 29 | ||
| Short-term investments | 28 | 38 | 48 | 2 | 28 | ||||
| Restricted cash and investments | 14 | 15 | 6 | 6 | |||||
| Receivables | 30 | 41 | 23 | 26 | 15 | 15 | 28 | ||
| Prepaid expense | 7 | 6 | 7 | 10 | |||||
| Other current assets | 7 | 6 | 7 | 8 | |||||
| Other undisclosed current assets | 15 | 12 | 15 | 19 | 20 | 17 | |||
| Total current assets: | 131 | 180 | 118 | 117 | 147 | 162 | 108 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 0 | 0 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 140 | 145 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 104 | 115 | 107 | 114 | 124 | ||||
| Long-term investments and receivables | 30 | 32 | 30 | 6 | |||||
| Long-term investments | 4 | 6 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 30 | 28 | 30 | ||||||
| Intangible assets, net (including goodwill) | 8 | 8 | 8 | 8 | 9 | 9 | 8 | ||
| Goodwill | 8 | 8 | 8 | 8 | 9 | 9 | 8 | ||
| Other noncurrent assets | 9 | 9 | 10 | 11 | 12 | 12 | 12 | ||
| Other undisclosed noncurrent assets | 116 | 68 | 31 | 16 | |||||
| Total noncurrent assets: | 304 | 262 | 152 | 165 | 127 | 135 | 166 | ||
| TOTAL ASSETS: | 435 | 442 | 271 | 282 | 274 | 297 | 274 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 43 | 52 | 46 | 47 | 37 | 43 | 43 | ||
| Accounts payable | 12 | 12 | 10 | 9 | 10 | 12 | 14 | ||
| Accrued liabilities | 12 | 11 | 14 | 16 | 11 | 8 | 11 | ||
| Employee-related liabilities | 19 | 28 | 22 | 22 | 17 | 23 | 18 | ||
| Taxes payable | 1 | ||||||||
| Interest and dividends payable | 0 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | (2) | ||||||||
| Deferred revenue | 43 | 41 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 0 | 0 | 2 | 1 | 1 | 1 | 1 | ||
| Postemployment benefits liability | 1 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 41 | 44 | 45 | ||
| Other liabilities | 2 | 2 | 4 | 4 | 3 | 4 | 3 | ||
| Other undisclosed current liabilities | 25 | 27 | 44 | 41 | 3 | 3 | 5 | ||
| Total current liabilities: | 112 | 122 | 97 | 92 | 86 | 95 | 96 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 132 | 134 | 39 | 41 | 42 | 43 | 44 | ||
| Capital lease obligations | ✕ | ✕ | 39 | 41 | 42 | 43 | 44 | ||
| Operating lease, liability | 132 | 134 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 12 | 10 | 20 | 22 | 17 | 23 | 25 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 7 | 9 | 11 | ||
| Deferred compensation liability, classified | 5 | ||||||||
| Deferred rent credit | 10 | 12 | ✕ | ✕ | ✕ | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3 | |||||
| Deferred income tax liabilities | 1 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 11 | 9 | 10 | 10 | 10 | 11 | 9 | ||
| Other undisclosed noncurrent liabilities | 0 | 0 | 3 | (5) | |||||
| Total noncurrent liabilities: | 144 | 144 | 59 | 63 | 62 | 66 | 64 | ||
| Total liabilities: | 256 | 265 | 156 | 156 | 148 | 161 | 161 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 178 | 177 | 114 | 127 | 126 | 137 | 113 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (0) | (0) | (97) | (97) | (97) | (97) | (97) | ||
| Additional paid in capital | 210 | 210 | 256 | 256 | 254 | 251 | 178 | ||
| Accumulated other comprehensive income | 0 | 0 | |||||||
| Retained earnings (accumulated deficit) | (32) | (33) | (45) | (32) | (31) | (17) | 33 | ||
| Total stockholders' equity: | 178 | 177 | 114 | 127 | 126 | 137 | 113 | ||
| TOTAL LIABILITIES AND EQUITY: | 435 | 442 | 271 | 282 | 274 | 297 | 274 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 324 | 347 | 363 | |
| Gross profit: | 290 | 301 | 332 | 317 | 324 | 347 | 363 | |
| Operating expenses | (297) | (305) | (339) | (352) | (326) | (366) | (372) | |
| Operating loss: | (7) | (4) | (8) | (35) | (2) | (19) | (9) | |
| Nonoperating income (expense) | 1 | 1 | 0 | (0) | (1) | (3) | (1) | |
| Investment income, nonoperating | 1 | 1 | 1 | 1 | 1 | 0 | 0 | |
| Other nonoperating income (expense) | 0 | 0 | 1 | 1 | 1 | (0) | 0 | |
| Interest and debt expense | (0) | (0) | (3) | (3) | (3) | (3) | (2) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3 | 3 | 3 | 3 | 2 | |||
| Loss from continuing operations before equity method investments, income taxes: | (6) | (3) | (8) | (36) | (3) | (22) | (11) | |
| Income from equity method investments | 0 | 1 | ||||||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | ||||||
| Loss from continuing operations before income taxes: | (6) | (3) | (8) | (36) | (2) | (22) | (10) | |
| Income tax expense (benefit) | 11 | 11 | (0) | 3 | (5) | (26) | 2 | |
| Net income (loss): | 4 | 8 | (8) | (33) | (8) | (48) | (9) | |
| Net loss attributable to noncontrolling interest | (0) | |||||||
| Other undisclosed net loss attributable to parent | (1) | |||||||
| Net income (loss) attributable to parent: | 4 | 8 | (8) | (33) | (8) | (48) | (9) | |
| Preferred stock dividends and other adjustments | (5) | (5) | (5) | (5) | (5) | (1) | ||
| Net income (loss) available to common stockholders, diluted: | (1) | 3 | (13) | (38) | (13) | (49) | (9) | |
Comprehensive Income ($ in millions)
| 12/31/2020 TTM | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4 | 8 | (8) | (33) | (8) | (48) | (9) | |
| Comprehensive income (loss): | 4 | 8 | (8) | (33) | (8) | (48) | (9) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | |||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (0) | (0) | (1) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 4 | 8 | (8) | (33) | (8) | (48) | (9) | |
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.