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Grand Canyon Education, Inc.

2016 Q2 Form 10-Q Financial Statement

#000119312516671793 Filed on August 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $191.3M $174.7M
YoY Change 9.47% 10.17%
Cost Of Revenue $84.60M $75.40M
YoY Change 12.2% 11.21%
Gross Profit $106.7M $99.40M
YoY Change 7.34% 9.59%
Gross Profit Margin 55.78% 56.89%
Selling, General & Admin $10.92M $11.32M
YoY Change -3.58% 3.86%
% of Gross Profit 10.23% 11.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.70M $8.200M
YoY Change 30.49% 15.49%
% of Gross Profit 10.03% 8.25%
Operating Expenses $10.92M $11.32M
YoY Change -3.58% 3.86%
Operating Profit $44.75M $42.26M
YoY Change 5.9% 11.53%
Interest Expense $158.0K $146.0K
YoY Change 8.22% -58.99%
% of Operating Profit 0.35% 0.35%
Other Income/Expense, Net
YoY Change
Pretax Income $44.88M $42.24M
YoY Change 6.26% 11.95%
Income Tax $17.26M $16.46M
% Of Pretax Income 38.45% 38.97%
Net Earnings $27.63M $25.78M
YoY Change 7.18% 11.73%
Net Earnings / Revenue 14.44% 14.75%
Basic Earnings Per Share $0.60 $0.56
Diluted Earnings Per Share $0.59 $0.55
COMMON SHARES
Basic Shares Outstanding 46.00M shares 46.01M shares
Diluted Shares Outstanding 46.99M shares 47.26M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $94.00M $134.2M
YoY Change -29.96% -24.05%
Cash & Equivalents $44.55M $50.71M
Short-Term Investments $49.40M $83.50M
Other Short-Term Assets $17.81M $18.54M
YoY Change -3.95% 7.73%
Inventory
Prepaid Expenses
Receivables $9.080M $8.158M
Other Receivables $8.500M $0.00
Total Short-Term Assets $200.2M $231.1M
YoY Change -13.36% -11.51%
LONG-TERM ASSETS
Property, Plant & Equipment $794.0M $588.3M
YoY Change 34.98% 41.33%
Goodwill $2.941M $2.941M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.556M $3.145M
YoY Change 44.86% -28.97%
Total Long-Term Assets $804.7M $597.9M
YoY Change 34.6% 39.88%
TOTAL ASSETS
Total Short-Term Assets $200.2M $231.1M
Total Long-Term Assets $804.7M $597.9M
Total Assets $1.005B $828.9M
YoY Change 21.23% 20.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $39.28M $36.41M
YoY Change 7.89% 9.37%
Accrued Expenses $16.90M $14.88M
YoY Change 13.52% -4.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $31.80M $7.100M
YoY Change 347.89% 5.97%
Total Short-Term Liabilities $233.1M $189.5M
YoY Change 23.04% 5.33%
LONG-TERM LIABILITIES
Long-Term Debt $70.30M $76.70M
YoY Change -8.34% -8.25%
Other Long-Term Liabilities $3.767M $3.953M
YoY Change -4.71% -35.68%
Total Long-Term Liabilities $3.767M $3.953M
YoY Change -4.71% -35.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $233.1M $189.5M
Total Long-Term Liabilities $3.767M $3.953M
Total Liabilities $324.7M $285.6M
YoY Change 13.67% 1.55%
SHAREHOLDERS EQUITY
Retained Earnings $573.7M $430.9M
YoY Change 33.12% 39.52%
Common Stock $195.8M $502.0K
YoY Change 38909.36% 1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.56M $58.00M
YoY Change 52.69% 7.87%
Treasury Stock Shares 3.922M shares 3.104M shares
Shareholders Equity $680.3M $543.3M
YoY Change
Total Liabilities & Shareholders Equity $1.005B $828.9M
YoY Change 21.23% 20.39%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $27.63M $25.78M
YoY Change 7.18% 11.73%
Depreciation, Depletion And Amortization $10.70M $8.200M
YoY Change 30.49% 15.49%
Cash From Operating Activities $25.60M $13.50M
YoY Change 89.63% -62.18%
INVESTING ACTIVITIES
Capital Expenditures -$82.90M -$66.20M
YoY Change 25.23% 20.8%
Acquisitions
YoY Change
Other Investing Activities $34.70M $17.50M
YoY Change 98.29% 1844.44%
Cash From Investing Activities -$48.20M -$48.70M
YoY Change -1.03% -9.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.70M -200.0K
YoY Change -13450.0% -77.78%
NET CHANGE
Cash From Operating Activities 25.60M 13.50M
Cash From Investing Activities -48.20M -48.70M
Cash From Financing Activities 26.70M -200.0K
Net Change In Cash 4.100M -35.40M
YoY Change -111.58% 86.32%
FREE CASH FLOW
Cash From Operating Activities $25.60M $13.50M
Capital Expenditures -$82.90M -$66.20M
Free Cash Flow $108.5M $79.70M
YoY Change 36.14% -11.93%

Facts In Submission

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