LOPE FY 2020 Earnings Report — Grand Canyon Education, Inc. Revenue & Financial Results | Market Cap Arena

Grand Canyon Education, Inc.LOPE

FY 2020 Earnings

Reported February 17, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$844M	—	$779M	—	8.4%
Op. Income	$277M	—	$265M	—	4.6%
Gross Margin	58.5%	—	59.7%	—	-1.2pp
Net Margin	30.5%	—	33.3%	—	-2.8pp
EPS (Diluted)	$5.45	—	$5.37	—	1.5%
Free Cash Flow	$279M	—	$284M	—	-1.7%

Revenue Flow

Item	Amount
REVENUE	$844M
Cost of Revenue	$351M
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$164M
General & Administrative	$43M
SG&A Expenses	$208M
Other Expenses	$8M
Operating Expenses	$216M
Cost & Expenses	$567M
OPERATING INCOME	$277M
Interest Income	$60M
Interest Expense	$4M
Other Income/Expenses	$56M
INCOME BEFORE TAX	$333M
Income Tax Expense	$76M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$257M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$257M
D&A	$30M
EBIT	$338M
EBITDA	$367M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$844M
Cost of Revenue	$351M
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$164M
General & Administrative	$43M
SG&A Expenses	$208M
Other Expenses	$8M
Operating Expenses	$216M
Cost & Expenses	$567M
OPERATING INCOME	$277M
Interest Income	$60M
Interest Expense	$4M
Other Income/Expenses	$56M
INCOME BEFORE TAX	$333M
Income Tax Expense	$76M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$257M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$257M
D&A	$30M
EBIT	$338M
EBITDA	$367M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$257M
Depreciation & Amortization	$30M
Stock-Based Compensation	$11M
Deferred Income Tax	$3M
Other Non-Cash Items	$571.0K
Change in Working Capital	$8M
OPERATING CASH FLOW	$309M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$11M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$33M
Common Stock Repurchased	-$134M
Common Dividends Paid	$0
Other Financing Activities	$883.0K
NET CASH FROM FINANCING	-$166M
FREE CASH FLOW	$279M
Net Change in Cash	$123M

Balance Sheet

Item	Amount
Cash & Equivalents	$246M
Short-Term Investments	$11M
Net Receivables	$68M
Inventory	$0
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$334M
PP&E (Net)	$190M
Goodwill	$161M
Intangible Assets	$194M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$967M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$17M
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$34M
TOTAL CURRENT LIABILITIES	$119M
Long-Term Debt	$75M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$3.0K
TOTAL NON-CURRENT LIABILITIES	$152M
TOTAL LIABILITIES	$270M
Common Stock	$533.0K
Additional Paid-In Capital	$282M
Retained Earnings	$1.6B
Treasury Stock	-$303M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$172M
Net Debt	-$74M