Grand Canyon Education, Inc. (LOPE)

Grand Canyon Education Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	263.58	146.48	120.41	600.94	245.77	122.27
Short-Term Investments	-	98.03	61.3	-	-	-
Trading Asset Securities	-	-	-	-	10.84	21.6
Cash & Short-Term Investments	263.58	244.51	181.7	600.94	256.61	143.87
Cash Growth	70.69%	34.56%	-69.76%	134.19%	78.36%	-24.02%
Accounts Receivable	116.39	78.81	77.41	70.06	62.19	48.94
Other Receivables	1.82	1.32	2.79	1.28	6.31	7.2
Receivables	118.21	80.13	80.2	71.34	68.49	56.14
Restricted Cash	-	-	-	-	-	0.3
Other Current Assets	11.59	12.89	11.37	8.77	8.64	8.04
Total Current Assets	393.38	337.52	273.27	681.05	333.74	208.34
Property, Plant & Equipment	275.08	262.15	220.22	193.77	189.68	147.5
Goodwill	160.77	160.77	160.77	160.77	160.77	160.77
Other Intangible Assets	162.07	168.38	176.8	185.22	193.64	202.06
Long-Term Deferred Charges	0.68	0.75	0.91	1.17	1.2	1.08
Other Long-Term Assets	0.96	0.9	0.78	0.78	0.65	0.63
Total Assets	992.93	930.46	832.75	1,223	1,845	1,690
Accounts Payable	28.08	17.68	20.01	24.31	16.58	14.84
Accrued Expenses	59.56	44.45	43.02	46.2	44.88	30.8
Current Portion of Long-Term Debt	-	-	-	-	33.14	33.14
Current Portion of Leases	12.36	11.02	8.65	7.43	7.39	3.08
Current Income Taxes Payable	0.13	10.25	12.17	5.9	5.41	6.58
Current Unearned Revenue	6.42	-	-	0.01	-	0.02
Other Current Liabilities	-	13.63	15.86	14.11	11.32	6.77
Total Current Liabilities	106.55	97.03	99.71	97.94	118.72	95.23
Long-Term Debt	-	-	-	-	74.63	107.77
Long-Term Leases	94.61	88.26	68.79	53.76	56.61	25.52
Long-Term Deferred Tax Liabilities	26.13	26.75	26.2	25.96	20.29	18.32
Other Long-Term Liabilities	1.49	0.41	0.44	0.04	0	0.01
Total Liabilities	228.79	212.45	195.13	177.7	270.25	246.86
Common Stock	0.54	0.54	0.54	0.54	0.53	0.53
Additional Paid-In Capital	333.37	322.51	309.31	296.67	282.47	270.92
Retained Earnings	2,389	2,245	2,040	1,855	1,595	1,341
Treasury Stock	-1,959	-1,850	-1,711	-1,107	-303.38	-169.37
Comprehensive Income & Other	-	-0.06	-0.53	-	-	-
Shareholders' Equity	764.14	718.01	637.62	1,045	1,574	1,443
Total Liabilities & Equity	992.93	930.46	832.75	1,223	1,845	1,690
Total Debt	106.97	99.28	77.44	61.18	171.78	169.52
Net Cash (Debt)	156.61	145.23	104.26	539.76	84.83	-25.65
Net Cash Growth	170.46%	39.29%	-80.68%	536.28%	-	-
Net Cash Per Share	5.31	4.82	3.23	12.28	1.80	-0.53
Filing Date Shares Outstanding	28.74	29.57	30.56	34.9	46.45	47.74
Total Common Shares Outstanding	28.87	29.5	30.58	37.3	46.23	47.68
Working Capital	286.82	240.49	173.57	583.1	215.02	113.11
Book Value Per Share	26.47	24.34	20.85	28.02	34.05	30.27
Tangible Book Value	441.31	388.87	300.05	699.06	1,220	1,081
Tangible Book Value Per Share	15.29	13.18	9.81	18.74	26.39	22.66
Land	5.1	5.1	5.1	5.58	5.58	5.58
Buildings	87.78	85.61	73.31	68.56	65.75	63.09
Machinery	170.88	165.69	140.64	131.6	116.01	105.44
Construction In Progress	12.87	10.27	16.34	3.38	5.04	3.24

Source: S&P Capital IQ. Standard template. Financial Sources.