Grand Canyon Education Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	111.76	324.62	146.48	120.41	600.94
Short-Term Investments	188.32	-	98.03	61.3	-
Cash & Short-Term Investments	300.08	324.62	244.51	181.7	600.94
Cash Growth	-7.56%	32.77%	34.56%	-69.76%	134.19%
Accounts Receivable	84.28	82.95	78.81	77.41	70.06
Other Receivables	2.39	0.49	1.32	2.79	1.28
Receivables	86.67	83.44	80.13	80.2	71.34
Other Current Assets	13.43	11.92	12.89	11.37	8.77
Total Current Assets	400.18	419.98	337.52	273.27	681.05
Property, Plant & Equipment	275.53	276.36	262.15	220.22	193.77
Goodwill	160.77	160.77	160.77	160.77	160.77
Other Intangible Assets	151.54	159.96	168.38	176.8	185.22
Long-Term Deferred Charges	0.41	0.66	0.75	0.91	1.17
Other Long-Term Assets	3.88	0.7	0.9	0.78	0.78
Total Assets	992.31	1,018	930.46	832.75	1,223
Accounts Payable	24.35	26.72	17.68	20.01	24.31
Accrued Expenses	50.66	48.18	44.45	43.02	46.2
Current Portion of Leases	14.57	12.88	11.02	8.65	7.43
Current Income Taxes Payable	3.36	8.56	10.25	12.17	5.9
Current Unearned Revenue	-	-	-	-	0.01
Other Current Liabilities	16.82	14.63	13.63	15.86	14.11
Total Current Liabilities	109.75	110.97	97.03	99.71	97.94
Long-Term Leases	92.76	95.64	88.26	68.79	53.76
Long-Term Deferred Tax Liabilities	41.43	26.53	26.75	26.2	25.96
Other Long-Term Liabilities	1.44	1.44	0.41	0.44	0.04
Total Liabilities	245.37	234.57	212.45	195.13	177.7
Common Stock	0.54	0.54	0.54	0.54	0.54
Additional Paid-In Capital	350.37	336.74	322.51	309.31	296.67
Retained Earnings	2,687	2,471	2,245	2,040	1,855
Treasury Stock	-2,292	-2,024	-1,850	-1,711	-1,107
Comprehensive Income & Other	0.51	-	-0.06	-0.53	-
Shareholders' Equity	746.93	783.85	718.01	637.62	1,045
Total Liabilities & Equity	992.31	1,018	930.46	832.75	1,223
Total Debt	107.32	108.52	99.28	77.44	61.18
Net Cash (Debt)	192.76	216.11	145.23	104.26	539.76
Net Cash Growth	-10.80%	48.81%	39.29%	-80.68%	536.28%
Net Cash Per Share	6.88	7.38	4.82	3.23	12.28
Filing Date Shares Outstanding	26.81	28.32	29.57	30.56	34.9
Total Common Shares Outstanding	26.45	28.46	29.5	30.58	37.3
Working Capital	290.43	309.01	240.49	173.57	583.1
Book Value Per Share	28.24	27.55	24.34	20.85	28.02
Tangible Book Value	434.62	463.13	388.87	300.05	699.06
Tangible Book Value Per Share	16.43	16.28	13.18	9.81	18.74
Land	5.1	5.1	5.1	5.1	5.58
Buildings	90.56	88.82	85.61	73.31	68.56
Machinery	173.05	170.88	165.69	140.64	131.6
Construction In Progress	4.35	6.39	10.27	16.34	3.38

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