Universal Technical Institute Inc (UTI) financial statements (2020 and earlier)

Company profile

Business Address 16220 NORTH SCOTTSDALE ROAD
SCOTTSDALE, AZ 85254
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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments716558981215885
Cash and cash equivalents716558501192939
Short-term investments   4822846
Restricted cash and investments  1415667
Receivables18232615152815
Prepaid expense7710    
Deferred tax assets    7
Other current assets778    
Other undisclosed current assets1515 19201713
Total current assets:117118117147162108128
Noncurrent Assets
Property, plant and equipment74104115107114124107
Long-term investments and receivables3530   615
Long-term investments4    615
Accounts and financing receivable, after allowance for credit loss3030     
Intangible assets, net (including goodwill)88899821
Goodwill88899821
Other noncurrent assets10101112121210
Deferred tax assets, net    12
Other undisclosed noncurrent assets138 31  16(4)
Total noncurrent assets:265152165127135166161
TOTAL ASSETS:382271282274297274288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:43464737434339
Accounts payable910910121413
Accrued liabilities121416118118
Employee-related liabilities22222217231818
Taxes payable     14
Interest and dividends payable     0 
Other undisclosed accounts payable and accrued liabilities     (2)(4)
Debt 211115
Postemployment benefits liability 1     
Deferred revenue and credits41444546
Other liabilities2443433
Other undisclosed current liabilities7244413359
Total current liabilities:1179792869596102
Noncurrent Liabilities
Long-term debt and lease obligation 394142434432
Capital lease obligations394142434432
Liabilities, other than long-term debt9202217232525
Deferred revenue and credits791110
Deferred compensation liability, classified     55
Deferred rent credit 1012
Deferred tax liabilities, net  3  
Liability, pension and other postretirement and postemployment benefits1      
Other liabilities810101011910
Other undisclosed noncurrent liabilities130003 (5)(5)
Total noncurrent liabilities:139596362666453
Total liabilities:256156156148161161155
Stockholders' equity
Stockholders' equity attributable to parent126114127126137113133
Common stock0000000
Treasury stock, value(97)(97)(97)(97)(97)(97)(91)
Additional paid in capital256256256254251178174
Accumulated other comprehensive income    00 
Retained earnings (accumulated deficit)(32)(45)(32)(31)(17)3350
Total stockholders' equity:126114127126137113133
TOTAL LIABILITIES AND EQUITY:382271282274297274288

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenue, net324347363378
Gross profit:336332317324347363378
Operating expenses(332)(339)(352)(326)(366)(372)(372)
Operating income (loss):4(8)(35)(2)(19)(9)6
Nonoperating income (expense)10(0)(1)(3)(1)(1)
Investment income, nonoperating0111000
Other nonoperating income (expense)1111(0)01
Interest and debt expense (3)(3)(3)(3)(2)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes 333322
Income (loss) from continuing operations before equity method investments, income taxes:5(8)(36)(3)(22)(11)6
Income from equity method investments   0 10
Income (loss) from continuing operations before income taxes:5(8)(36)(2)(22)(10)6
Income tax expense (benefit)(0)(0)3(5)(26)2(4)
Net income (loss):5(8)(33)(8)(48)(9)3
Net loss attributable to noncontrolling interest   (0)   
Other undisclosed net loss attributable to parent     (1)(0)
Net income (loss) attributable to parent:5(8)(33)(8)(48)(9)2
Preferred stock dividends and other adjustments(5)(5)(5)(5)(1)  
Net income (loss) available to common stockholders, diluted:(1)(13)(38)(13)(49)(9)2

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):5(8)(33)(8)(48)(9)3
Comprehensive income (loss):5(8)(33)(8)(48)(9)3
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:5(8)(33)(8)(48)(9)3

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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