Grand Canyon Education, Inc. (LOPE)

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

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