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 investments7211565589812158
Cash and cash equivalents447765585011929
Short-term investments2838  48228
Restricted cash and investments   141566
Receivables30412326151528
Prepaid expense76710   
Other current assets7678   
Other undisclosed current assets151215 192017
Total current assets:131180118117147162108
Noncurrent Assets
Finance lease, right-of-use asset00 
Operating lease, right-of-use asset140145 
Property, plant and equipment  104115107114124
Long-term investments and receivables303230   6
Long-term investments 4    6
Accounts and financing receivable, after allowance for credit loss302830    
Intangible assets, net (including goodwill)8888998
Goodwill8888998
Other noncurrent assets991011121212
Other undisclosed noncurrent assets11668 31  16
Total noncurrent assets:304262152165127135166
TOTAL ASSETS:435442271282274297274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:43524647374343
Accounts payable1212109101214
Accrued liabilities1211141611811
Employee-related liabilities19282222172318
Taxes payable      1
Interest and dividends payable      0
Other undisclosed accounts payable and accrued liabilities      (2)
Deferred revenue4341 
Debt0021111
Postemployment benefits liability  1    
Deferred revenue and credits414445
Other liabilities2244343
Other undisclosed current liabilities25274441335
Total current liabilities:1121229792869596
Noncurrent Liabilities
Long-term debt and lease obligation1321343941424344
Capital lease obligations3941424344
Operating lease, liability132134 
Liabilities, other than long-term debt12102022172325
Deferred revenue and credits7911
Deferred compensation liability, classified      5
Deferred rent credit  1012
Deferred tax liabilities, net  3 
Deferred income tax liabilities11 
Other liabilities119101010119
Other undisclosed noncurrent liabilities  003 (5)
Total noncurrent liabilities:1441445963626664
Total liabilities:256265156156148161161
Stockholders' equity
Stockholders' equity attributable to parent178177114127126137113
Common stock0000000
Treasury stock, value(0)(0)(97)(97)(97)(97)(97)
Additional paid in capital210210256256254251178
Accumulated other comprehensive income     00
Retained earnings (accumulated deficit)(32)(33)(45)(32)(31)(17)33
Total stockholders' equity:178177114127126137113
TOTAL LIABILITIES AND EQUITY:435442271282274297274

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, net324347363
Gross profit:290301332317324347363
Operating expenses(297)(305)(339)(352)(326)(366)(372)
Operating loss:(7)(4)(8)(35)(2)(19)(9)
Nonoperating income (expense)110(0)(1)(3)(1)
Investment income, nonoperating1111100
Other nonoperating income (expense)00111(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  33332
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 taxes00     
Loss from continuing operations before income taxes:(6)(3)(8)(36)(2)(22)(10)
Income tax expense (benefit)1111(0)3(5)(26)2
Net income (loss):48(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:48(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):48(8)(33)(8)(48)(9)
Comprehensive income (loss):48(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:48(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.

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