Lincoln Educational Services Corporation (LINC)

LINC Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	59.27	75.99	46.07	83.31	38.03
Short-Term Investments	-	-	14.76	-	-
Cash & Short-Term Investments	59.27	75.99	60.83	83.31	38.03
Cash Growth	-22.00%	24.92%	-26.98%	119.08%	60.83%
Receivables	42.98	35.69	37.18	26.16	30.02
Inventory	3.05	2.95	2.62	2.72	2.39
Prepaid Expenses	4.79	5.56	4.74	4.88	3.72
Restricted Cash	-	4.28	4.21	-	-
Other Current Assets	1.15	10.2	4.56	4.56	-
Total Current Assets	111.25	134.66	114.14	121.63	74.16
Property, Plant & Equipment	266.31	156.58	117.04	114.61	103.58
Goodwill	10.74	10.74	14.54	14.54	14.54
Long-Term Deferred Tax Assets	25.36	23.22	22.31	23.71	35.72
Long-Term Deferred Charges	0.32	-	-	-	-
Other Long-Term Assets	22.57	20.05	23.55	20.82	17.2
Total Assets	436.56	345.25	291.57	295.3	245.19
Accounts Payable	37.03	18.15	10.5	12.3	15.68
Accrued Expenses	11.99	13.68	8.65	15.67	16.69
Current Portion of Long-Term Debt	-	-	-	-	2
Current Portion of Leases	9.5	11.81	9.63	11.48	8.5
Current Income Taxes Payable	1.07	2.83	2.06	1.02	0.49
Current Unearned Revenue	30.63	26.91	24.15	25.41	-
Other Current Liabilities	-	0.03	0.03	0.02	23.48
Total Current Liabilities	90.21	73.41	55.02	65.88	66.84
Long-Term Debt	-	-	-	-	15.91
Long-Term Leases	168.06	104.98	91	86.41	52.7
Other Long-Term Liabilities	0.02	0.06	-	-	2.43
Total Liabilities	258.29	178.45	146.69	153.9	142.14
Common Stock	48.18	48.18	49.07	141.38	141.38
Additional Paid-In Capital	50.64	49.38	45.54	32.44	30.51
Retained Earnings	79.17	69.28	51.23	39.7	6.2
Treasury Stock	-	-	-	-82.86	-82.86
Comprehensive Income & Other	0.27	-0.04	-0.96	-1.24	-4.17
Total Common Equity	178.26	166.8	144.88	129.42	91.07
Shareholders' Equity	178.26	166.8	144.88	141.4	103.05
Total Liabilities & Equity	436.56	345.25	291.57	295.3	245.19
Total Debt	177.56	116.79	100.63	97.89	79.12
Net Cash (Debt)	-118.29	-40.79	-39.8	-14.58	-41.09
Net Cash Per Share	-3.83	-1.34	-1.54	-0.58	-1.66
Filing Date Shares Outstanding	31.59	31.76	31.51	27.45	26.99
Total Common Shares Outstanding	31.46	31.36	31.15	27	26.48
Working Capital	21.04	61.25	59.12	55.75	7.32
Book Value Per Share	5.67	5.32	4.65	4.79	3.44
Tangible Book Value	167.52	156.06	130.34	114.88	76.53
Tangible Book Value Per Share	5.32	4.98	4.18	4.25	2.89
Land	0.05	0.05	0.05	0.65	6.97
Buildings	104.08	101.54	86.03	88.06	134.53
Machinery	85.91	81.81	83.34	86.19	82.87
Construction In Progress	54.76	7.62	0.89	1.56	0.33

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q