Strategic Education, Inc. (STRA)

Strategic 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	195.89	168.48	213.67	268.92	187.51	419.69
Short-Term Investments	26.18	39.73	9.16	6.5	7.56	34.87
Cash & Short-Term Investments	222.07	208.21	222.82	275.42	195.07	454.57
Cash Growth	12.92%	-6.56%	-19.10%	41.19%	-57.09%	30.30%
Accounts Receivable	105.8	76.1	62.95	51.28	50.17	51.52
Other Receivables	-	-	-	0.31	1.43	-
Receivables	105.8	76.1	62.95	51.59	51.6	51.52
Prepaid Expenses	26.53	20.03	19.07	17.86	-	-
Restricted Cash	11.23	12.94	13.29	9.79	14.01	0.3
Other Current Assets	17.89	11.79	10.93	13.12	25.45	17.7
Total Current Assets	383.51	329.07	329.06	367.79	286.12	524.09
Property, Plant & Equipment	232.91	237.73	258.09	300.18	279.54	201.81
Long-Term Investments	16.38	19.36	30.4	42.54	46.07	54.55
Goodwill	1,261	1,252	1,251	1,286	1,319	732.08
Other Intangible Assets	251.95	251.62	260.54	276.38	326.42	273.01
Long-Term Accounts Receivable	7.22	2.52	2.67	2.47	3.59	1
Long-Term Deferred Charges	14.11	12.81	7.51	5.96	6.39	-
Other Long-Term Assets	20.85	20.22	22.2	24.72	29.16	2.87
Total Assets	2,188	2,125	2,162	2,306	2,296	1,789
Accounts Payable	56.64	49.25	45.83	45.34	64.05	47.5
Accrued Expenses	50.57	41.64	44.76	50.18	40.69	38.5
Current Portion of Leases	22.83	24.19	23.88	27.01	34.81	25.28
Current Income Taxes Payable	1.66	2.2	6.99	-	-	1.35
Current Unearned Revenue	154.14	92.34	88.49	73.23	60.5	39.28
Other Current Liabilities	-	-	-	-	-	4.82
Total Current Liabilities	285.84	209.62	209.94	195.76	200.05	156.75
Long-Term Debt	-	61.4	101.4	141.63	141.82	-
Long-Term Leases	116.09	127.74	134.01	162.82	106.15	80.56
Long-Term Unearned Revenue	35.53	37.19	36.54	34.7	34.87	30.93
Long-Term Deferred Tax Liabilities	26.18	28.34	34.61	44.6	53.41	47.94
Other Long-Term Liabilities	7.08	8.42	9.47	12.39	11.19	10.53
Total Liabilities	470.73	472.7	525.96	591.89	547.49	326.7
Common Stock	0.25	0.24	0.24	0.25	0.24	0.22
Additional Paid-In Capital	1,530	1,518	1,511	1,530	1,520	1,309
Retained Earnings	210.19	168.87	159.69	174.57	179.65	152.82
Comprehensive Income & Other	-23.24	-34.25	-35.07	9.2	48.88	0.23
Shareholders' Equity	1,717	1,653	1,636	1,714	1,748	1,463
Total Liabilities & Equity	2,188	2,125	2,162	2,306	2,296	1,789
Total Debt	138.92	213.33	259.28	331.46	282.78	105.84
Net Cash (Debt)	83.15	-4.63	-23.34	-32.66	-57.45	385.36
Net Cash Growth	-	-	-	-	-	-0.30%
Net Cash Per Share	3.45	-0.19	-0.97	-1.35	-2.51	17.44
Filing Date Shares Outstanding	24.32	24.16	24.16	24.35	24.16	21.75
Total Common Shares Outstanding	24.32	24.16	24.16	24.35	24.17	21.75
Working Capital	97.67	119.45	119.12	172.03	86.07	367.35
Book Value Per Share	70.58	68.39	67.71	70.40	72.32	67.26
Tangible Book Value	204.25	149.01	123.97	151.75	103.37	457.62
Tangible Book Value Per Share	8.40	6.17	5.13	6.23	4.28	21.04
Land	-	1.5	3.6	5.38	7.14	7.14
Buildings	-	6.71	9.86	16.69	21.37	21.14
Machinery	-	52.86	53.69	85.23	93.02	83.63
Construction In Progress	-	6.53	7.02	9.25	15.52	7.81
Leasehold Improvements	-	72.35	70.92	71.63	65.72	49.24

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