$LOPE
Grand Canyon Education, Inc.

2016 Q3 Form 10-Q Financial Statement

#000119312516757033 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $210.4M $193.4M
YoY Change 8.82% 10.47%
Cost Of Revenue $91.70M $83.20M
YoY Change 10.22% 16.04%
Gross Profit $118.7M $110.2M
YoY Change 7.71% 6.68%
Gross Profit Margin 56.4% 56.98%
Selling, General & Admin $15.56M $14.36M
YoY Change 8.31% 5.84%
% of Gross Profit 13.11% 13.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.50M $9.000M
YoY Change 27.78% 21.62%
% of Gross Profit 9.69% 8.17%
Operating Expenses $15.56M $14.36M
YoY Change 8.31% 5.84%
Operating Profit $47.07M $48.98M
YoY Change -3.92% 6.59%
Interest Expense $344.0K $313.0K
YoY Change 9.9% -45.66%
% of Operating Profit 0.73% 0.64%
Other Income/Expense, Net
YoY Change
Pretax Income $44.43M $48.87M
YoY Change -9.09% 7.59%
Income Tax $15.19M $15.53M
% Of Pretax Income 34.18% 31.78%
Net Earnings $29.24M $33.34M
YoY Change -12.29% 14.91%
Net Earnings / Revenue 13.9% 17.24%
Basic Earnings Per Share $0.63 $0.72
Diluted Earnings Per Share $0.62 $0.70
COMMON SHARES
Basic Shares Outstanding 46.23M shares 46.06M shares
Diluted Shares Outstanding 47.18M shares 47.32M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.8M $162.2M
YoY Change -23.06% -11.66%
Cash & Equivalents $75.14M $78.18M
Short-Term Investments $49.70M $84.00M
Other Short-Term Assets $21.71M $21.15M
YoY Change 2.65% 8.41%
Inventory
Prepaid Expenses
Receivables $10.36M $9.500M
Other Receivables $5.900M $0.00
Total Short-Term Assets $232.1M $263.2M
YoY Change -11.82% -4.34%
LONG-TERM ASSETS
Property, Plant & Equipment $832.7M $639.6M
YoY Change 30.18% 36.3%
Goodwill $2.941M $2.941M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.404M $3.377M
YoY Change -58.42% -22.67%
Total Long-Term Assets $840.1M $649.4M
YoY Change 29.38% 35.19%
TOTAL ASSETS
Total Short-Term Assets $232.1M $263.2M
Total Long-Term Assets $840.1M $649.4M
Total Assets $1.072B $912.6M
YoY Change 17.49% 20.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.85M $41.48M
YoY Change -30.45% 25.99%
Accrued Expenses $20.71M $14.82M
YoY Change 39.73% 5.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.80M $7.200M
YoY Change 161.11% 7.46%
Total Short-Term Liabilities $266.1M $238.8M
YoY Change 11.43% 9.41%
LONG-TERM LIABILITIES
Long-Term Debt $68.60M $75.90M
YoY Change -9.62% -7.44%
Other Long-Term Liabilities $3.512M $3.689M
YoY Change -4.8% -9.47%
Total Long-Term Liabilities $3.512M $3.689M
YoY Change -4.8% -9.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.1M $238.8M
Total Long-Term Liabilities $3.512M $3.689M
Total Liabilities $355.5M $333.0M
YoY Change 6.76% 5.37%
SHAREHOLDERS EQUITY
Retained Earnings $602.9M $464.3M
YoY Change 29.86% 37.4%
Common Stock $204.0M $173.8M
YoY Change 17.38% 34870.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $89.34M $58.00M
YoY Change 54.04% 7.87%
Treasury Stock Shares 3.947M shares 3.109M shares
Shareholders Equity $716.8M $579.6M
YoY Change
Total Liabilities & Shareholders Equity $1.072B $912.6M
YoY Change 17.49% 20.8%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $29.24M $33.34M
YoY Change -12.29% 14.91%
Depreciation, Depletion And Amortization $11.50M $9.000M
YoY Change 27.78% 21.62%
Cash From Operating Activities $100.8M $87.30M
YoY Change 15.46% 29.72%
INVESTING ACTIVITIES
Capital Expenditures -$59.10M -$57.80M
YoY Change 2.25% -2.36%
Acquisitions
YoY Change
Other Investing Activities -$200.0K -$500.0K
YoY Change -60.0% -101.7%
Cash From Investing Activities -$59.30M -$58.20M
YoY Change 1.89% 95.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.40M -1.600M
YoY Change 675.0% 33.33%
NET CHANGE
Cash From Operating Activities 100.8M 87.30M
Cash From Investing Activities -59.30M -58.20M
Cash From Financing Activities -12.40M -1.600M
Net Change In Cash 29.10M 27.50M
YoY Change 5.82% -24.24%
FREE CASH FLOW
Cash From Operating Activities $100.8M $87.30M
Capital Expenditures -$59.10M -$57.80M
Free Cash Flow $159.9M $145.1M
YoY Change 10.2% 14.7%

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us-gaap Proceeds From Lines Of Credit
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10016000
us-gaap Restricted Cash And Cash Equivalent Item Agreement
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250-acre campus
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lope Purchase Of Land Related To Offsite Development
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41876000
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LeaseTerminationCosts
3363000

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