Lincoln Educational Services Corporation (LINC)

LINC Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	69.78	80.27	50.29	83.31	38.03	23.64
Short-Term Investments	0	0	14.76	0	0	0
Cash & Cash Equivalents	69.78	80.27	65.05	83.31	38.03	23.64
Cash Growth	17.77%	23.41%	-21.92%	119.08%	60.83%	-31.16%
Receivables	57.84	53.2	59.91	46.19	46.48	35.99
Inventory	2.42	2.95	2.62	2.72	2.39	1.61
Other Current Assets	-11.29	-1.75	-13.44	-10.59	-12.74	-10.76
Total Current Assets	118.75	134.66	114.14	121.63	74.16	50.48
Property, Plant & Equipment	182.8	156.58	117.04	114.61	103.58	98.41
Long-Term Investments	0	0	0	0	0	15
Goodwill and Intangibles	10.74	10.74	14.54	14.54	14.54	14.54
Other Long-Term Assets	42.87	43.27	45.86	44.53	52.92	16.34
Total Long-Term Assets	236.41	210.59	177.43	173.67	171.03	144.29
Total Assets	355.16	345.25	291.57	295.3	245.19	194.76
Accounts Payable	14.28	18.15	10.5	12.3	15.68	14.58
Deferred Revenue	22.27	26.91	24.15	25.41	23.45	23.41
Current Debt	11.84	11.81	9.63	11.48	10.5	11.14
Other Current Liabilities	11.49	16.55	10.74	16.7	17.21	8.07
Total Current Liabilities	59.88	73.41	55.02	65.88	66.84	57.21
Long-Term Debt	130.74	104.98	91	86.41	67.91	78.05
Other Long-Term Liabilities	0.05	0.06	0.67	1.61	7.39	4.38
Total Long-Term Liabilities	130.79	105.04	91.67	88.02	75.3	82.43
Total Liabilities	190.67	178.45	146.69	153.9	142.14	139.63
Total Debt	142.58	116.79	100.63	97.89	78.42	89.19
Debt Growth	41.70%	16.05%	2.80%	24.83%	-12.08%	82.88%
Retained Earnings	69.07	69.28	51.23	39.7	6.2	-42.06
Comprehensive Income	-0.04	-0.04	-0.96	-1.24	-4.17	-3.46
Shareholders' Equity	164.49	166.8	144.88	129.42	91.07	43.15
Net Cash / Debt	-72.8	-36.52	-35.59	-14.58	-40.39	-65.54
Net Cash Per Share	-2.40	-1.20	-1.38	-0.58	-1.63	-2.67
Working Capital	58.87	61.25	59.12	55.75	7.32	-6.73
Book Value Per Share	5.43	5.54	5.60	5.16	3.68	1.76

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).