Grand Canyon Education Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	97.28	324.62	146.48	120.41	600.94	245.77
Short-Term Investments	179.69	-	98.03	61.3	-	-
Trading Asset Securities	-	-	-	-	-	10.84
Cash & Short-Term Investments	276.98	324.62	244.51	181.7	600.94	256.61
Cash Growth	5.08%	32.77%	34.56%	-69.76%	134.19%	78.36%
Accounts Receivable	122.04	82.95	78.81	77.41	70.06	62.19
Other Receivables	22.68	0.49	1.32	2.79	1.28	6.31
Receivables	144.72	83.44	80.13	80.2	71.34	68.49
Other Current Assets	12.3	11.92	12.89	11.37	8.77	8.64
Total Current Assets	433.99	419.98	337.52	273.27	681.05	333.74
Property, Plant & Equipment	279.88	276.36	262.15	220.22	193.77	189.68
Goodwill	160.77	160.77	160.77	160.77	160.77	160.77
Other Intangible Assets	153.65	159.96	168.38	176.8	185.22	193.64
Long-Term Deferred Charges	0.47	0.66	0.75	0.91	1.17	1.2
Other Long-Term Assets	4.03	0.7	0.9	0.78	0.78	0.65
Total Assets	1,033	1,018	930.46	832.75	1,223	1,845
Accounts Payable	19.28	26.72	17.68	20.01	24.31	16.58
Accrued Expenses	99.31	48.18	44.45	43.02	46.2	44.88
Current Portion of Long-Term Debt	-	-	-	-	-	33.14
Current Portion of Leases	14.2	12.88	11.02	8.65	7.43	7.39
Current Income Taxes Payable	0.14	8.56	10.25	12.17	5.9	5.41
Current Unearned Revenue	3.8	-	-	-	0.01	-
Other Current Liabilities	-	14.63	13.63	15.86	14.11	11.32
Total Current Liabilities	136.74	110.97	97.03	99.71	97.94	118.72
Long-Term Debt	-	-	-	-	-	74.63
Long-Term Leases	96.32	95.64	88.26	68.79	53.76	56.61
Long-Term Deferred Tax Liabilities	40.2	26.53	26.75	26.2	25.96	20.29
Other Long-Term Liabilities	1.49	1.44	0.41	0.44	0.04	0
Total Liabilities	274.75	234.57	212.45	195.13	177.7	270.25
Common Stock	0.54	0.54	0.54	0.54	0.54	0.53
Additional Paid-In Capital	347.15	336.74	322.51	309.31	296.67	282.47
Retained Earnings	2,600	2,471	2,245	2,040	1,855	1,595
Treasury Stock	-2,191	-2,024	-1,850	-1,711	-1,107	-303.38
Comprehensive Income & Other	0.55	-	-0.06	-0.53	-	-
Shareholders' Equity	758.04	783.85	718.01	637.62	1,045	1,574
Total Liabilities & Equity	1,033	1,018	930.46	832.75	1,223	1,845
Total Debt	110.53	108.52	99.28	77.44	61.18	171.78
Net Cash (Debt)	166.45	216.11	145.23	104.26	539.76	84.83
Net Cash Growth	6.28%	48.81%	39.29%	-80.68%	536.28%	-
Net Cash Per Share	5.87	7.38	4.82	3.23	12.28	1.80
Filing Date Shares Outstanding	27.63	28.32	29.57	30.56	34.9	46.45
Total Common Shares Outstanding	27.67	28.46	29.5	30.58	37.3	46.23
Working Capital	297.26	309.01	240.49	173.57	583.1	215.02
Book Value Per Share	27.40	27.55	24.34	20.85	28.02	34.05
Tangible Book Value	443.63	463.13	388.87	300.05	699.06	1,220
Tangible Book Value Per Share	16.03	16.28	13.18	9.81	18.74	26.39
Land	5.1	5.1	5.1	5.1	5.58	5.58
Buildings	90.9	88.82	85.61	73.31	68.56	65.75
Machinery	173.8	170.88	165.69	140.64	131.6	116.01
Construction In Progress	6.95	6.39	10.27	16.34	3.38	5.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.