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10-K Filing

GRAND CANYON EDUCATION, INC. CIK: 1434588 FY 2020
Filing Information
Form Type 10-K
Accession Number 0001558370-21-001135
Period End Date 20201231
Filing Date 20210217
Fiscal Year 2020
Fiscal Period FY
XBRL Instance lope-20201231x10k_htm.xml
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $245.77M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $122.27M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalentsAtCarryingValue $300.00K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investments Investments $10.84M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investments Investments $21.60M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $62.19M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $48.94M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 53.05M shares Point-in-time
Interest receivable on Secured Note InterestReceivable $5.01M USD Point-in-time
Interest receivable on Secured Note InterestReceivable $5.01M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 53.28M shares Point-in-time
Income tax receivable IncomeTaxesReceivable $1.29M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 48.10M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.65M shares Point-in-time
Income tax receivable IncomeTaxesReceivable $2.19M USD Point-in-time
Other current assets OtherAssetsCurrent $8.04M USD Point-in-time
Treasury stock, shares TreasuryStockShares 4.95M shares Point-in-time
Treasury stock, shares TreasuryStockShares 6.63M shares Point-in-time
Other current assets OtherAssetsCurrent $8.64M USD Point-in-time
Total current assets AssetsCurrent $208.34M USD Point-in-time
Total current assets AssetsCurrent $333.74M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $128.66M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $119.73M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $61.02M USD Point-in-time
Right-of-use assets OperatingLeaseRightOfUseAsset $27.77M USD Point-in-time
Secured Note receivable, net NotesAndLoansReceivableNetNoncurrent $969.91M USD Point-in-time
Secured Note receivable, net NotesAndLoansReceivableNetNoncurrent $964.91M USD Point-in-time
Amortizable intangible assets, net IntangibleAssetsNetExcludingGoodwill $193.64M USD Point-in-time
Amortizable intangible assets, net IntangibleAssetsNetExcludingGoodwill $202.06M USD Point-in-time
Goodwill Goodwill $160.77M USD Point-in-time
Goodwill Goodwill $160.77M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.84M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.71M USD Point-in-time
Total assets Assets $1.69B USD Point-in-time
Total assets Assets $1.84B USD Point-in-time
Accounts payable AccountsPayableCurrent $14.84M USD Point-in-time
Accounts payable AccountsPayableCurrent $16.58M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $20.80M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $34.25M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $21.95M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $16.77M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $6.58M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.41M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $20.00K USD Point-in-time
Current portion of lease liability OperatingLeaseLiabilityCurrent $3.08M USD Point-in-time
Current portion of lease liability OperatingLeaseLiabilityCurrent $7.39M USD Point-in-time
Current portion of notes payable NotesPayableCurrent $33.14M USD Point-in-time
Current portion of notes payable NotesPayableCurrent $33.14M USD Point-in-time
Total current liabilities LiabilitiesCurrent $95.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $118.72M USD Point-in-time
Deferred income taxes, noncurrent DeferredIncomeTaxLiabilitiesNet $20.29M USD Point-in-time
Deferred income taxes, noncurrent DeferredIncomeTaxLiabilitiesNet $18.32M USD Point-in-time
Other long-term liability OtherLiabilitiesNoncurrent $3.00K USD Point-in-time
Other long-term liability OtherLiabilitiesNoncurrent $13.00K USD Point-in-time
Lease liability, less current portion OperatingLeaseLiabilityNoncurrent $25.52M USD Point-in-time
Lease liability, less current portion OperatingLeaseLiabilityNoncurrent $56.61M USD Point-in-time
Notes payable, less current portion LongTermNotesPayable $107.77M USD Point-in-time
Notes payable, less current portion LongTermNotesPayable $74.63M USD Point-in-time
Total liabilities Liabilities $270.25M USD Point-in-time
Total liabilities Liabilities $246.86M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at December 31, 2020 and December 31, 2019 PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at December 31, 2020 and December 31, 2019 PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,277 and 53,054 shares issued and 46,649 and 48,105 shares outstanding at December 31, 2020 and December 31, 2019, respectively CommonStockValue $531.00K USD Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 53,277 and 53,054 shares issued and 46,649 and 48,105 shares outstanding at December 31, 2020 and December 31, 2019, respectively CommonStockValue $533.00K USD Point-in-time
Treasury stock, at cost, 6,628 and 4,949 shares of common stock at December 31, 2020 and December 31, 2019, respectively TreasuryStockValue $303.38M USD Point-in-time
Treasury stock, at cost, 6,628 and 4,949 shares of common stock at December 31, 2020 and December 31, 2019, respectively TreasuryStockValue $169.37M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $282.47M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $270.92M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.59B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.34B USD Point-in-time
Total stockholders' equity StockholdersEquity $985.95M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.21B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.44B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.57B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.84B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.69B USD Point-in-time
Income Statement 188 line items
Line Item Tag Value Unit Period
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $512.50M USD 2 Qtrs
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $845.50M USD Annual
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $213.25M USD 1 Quarter
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $778.64M USD Annual
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $844.10M USD Annual
Net revenue RevenueFromContractWithCustomerExcludingAssessedTax $177.55M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $22.53M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $31.83M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $26.28M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $90.51M USD Annual
Technology and academic services TechnologyAndAcademicServices $25.13M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $30.75M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $43.57M USD Annual
Technology and academic services TechnologyAndAcademicServices $116.01M USD Annual
Technology and academic services TechnologyAndAcademicServices $27.15M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $24.23M USD 1 Quarter
Technology and academic services TechnologyAndAcademicServices $18.62M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $60.22M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $57.60M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $53.09M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $54.30M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $223.60M USD Annual
Counseling services and support CounselingServicesAndSupport $58.51M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $234.53M USD Annual
Counseling services and support CounselingServicesAndSupport $204.69M USD Annual
Counseling services and support CounselingServicesAndSupport $56.25M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $59.96M USD 1 Quarter
Counseling services and support CounselingServicesAndSupport $58.21M USD 1 Quarter
Marketing and communication MarketingExpense $35.73M USD 1 Quarter
Marketing and communication MarketingExpense $117.42M USD Annual
Marketing and communication MarketingExpense $35.97M USD 1 Quarter
Marketing and communication MarketingExpense $38.29M USD 1 Quarter
Marketing and communication MarketingExpense $42.69M USD 1 Quarter
Marketing and communication MarketingExpense $164.33M USD Annual
Marketing and communication MarketingExpense $42.24M USD 1 Quarter
Marketing and communication MarketingExpense $142.90M USD Annual
Marketing and communication MarketingExpense $37.34M USD 1 Quarter
Marketing and communication MarketingExpense $41.10M USD 1 Quarter
Marketing and communication MarketingExpense $33.86M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $9.56M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $11.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $44.32M USD Annual
General and administrative GeneralAndAdministrativeExpense $9.50M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $43.36M USD Annual
General and administrative GeneralAndAdministrativeExpense $10.15M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $10.26M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $13.56M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $29.97M USD Annual
General and administrative GeneralAndAdministrativeExpense $9.22M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $14.03M USD 1 Quarter
University related expenses UniversityRelatedExpenses $173.33M USD Annual
Loss on transaction LossOnTransaction $3.97M USD Annual
Loss on transaction LossOnTransaction $4.09M USD 1 Quarter
Loss on transaction LossOnTransaction $18.37M USD Annual
Loss on transaction LossOnTransaction $-122.00K USD 1 Quarter
Total costs and expenses CostsAndExpenses $513.51M USD Annual
Total costs and expenses CostsAndExpenses $123.83M USD 1 Quarter
Total costs and expenses CostsAndExpenses $566.66M USD Annual
Total costs and expenses CostsAndExpenses $587.35M USD Annual
Total costs and expenses CostsAndExpenses $147.34M USD 1 Quarter
Total costs and expenses CostsAndExpenses $141.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $137.46M USD 1 Quarter
Total costs and expenses CostsAndExpenses $131.28M USD 1 Quarter
Total costs and expenses CostsAndExpenses $133.56M USD 1 Quarter
Total costs and expenses CostsAndExpenses $140.86M USD 1 Quarter
Total costs and expenses CostsAndExpenses $124.86M USD 1 Quarter
Operating income OperatingIncomeLoss $59.73M USD 1 Quarter
Operating income OperatingIncomeLoss $72.43M USD 1 Quarter
Operating income OperatingIncomeLoss $50.99M USD 1 Quarter
Operating income OperatingIncomeLoss $97.29M USD 1 Quarter
Operating income OperatingIncomeLoss $48.31M USD 1 Quarter
Operating income OperatingIncomeLoss $80.80M USD 1 Quarter
Operating income OperatingIncomeLoss $265.13M USD Annual
Operating income OperatingIncomeLoss $277.44M USD Annual
Operating income OperatingIncomeLoss $258.15M USD Annual
Operating income OperatingIncomeLoss $81.97M USD 1 Quarter
Operating income OperatingIncomeLoss $51.04M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $16.21M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $13.73M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.48M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $59.19M USD Annual
Interest income on Secured Note InterestIncomeOnNoteReceivable $59.30M USD Annual
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.87M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.88M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.71M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $26.95M USD Annual
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.72M USD 1 Quarter
Interest income on Secured Note InterestIncomeOnNoteReceivable $14.87M USD 1 Quarter
Interest expense InterestExpense $4.40M USD Annual
Interest expense InterestExpense $918.00K USD 1 Quarter
Interest expense InterestExpense $2.94M USD 1 Quarter
Interest expense InterestExpense $2.91M USD 1 Quarter
Interest expense InterestExpense $2.88M USD 1 Quarter
Interest expense InterestExpense $11.31M USD Annual
Interest expense InterestExpense $865.00K USD 1 Quarter
Interest expense InterestExpense $1.54M USD Annual
Interest expense InterestExpense $1.55M USD 1 Quarter
Interest expense InterestExpense $2.59M USD 1 Quarter
Interest expense InterestExpense $1.07M USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $3.44M USD Annual
Investment interest and other InvestmentIncomeNonoperating $4.38M USD Annual
Investment interest and other InvestmentIncomeNonoperating $181.00K USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $216.00K USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $915.00K USD Annual
Investment interest and other InvestmentIncomeNonoperating $2.67M USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $396.00K USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $1.12M USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $343.00K USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $255.00K USD 1 Quarter
Investment interest and other InvestmentIncomeNonoperating $122.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $333.14M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $94.18M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $317.50M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $84.70M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $62.36M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $73.32M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $287.00M USD Annual
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $65.19M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $65.24M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $94.24M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $111.42M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $17.57M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.12M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $24.67M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $22.79M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $13.14M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $15.17M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $11.46M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $58.33M USD Annual
Income tax expense IncomeTaxExpenseBenefit $75.94M USD Annual
Income tax expense IncomeTaxExpenseBenefit $15.35M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $57.99M USD Annual
Net income NetIncomeLoss $73.24M USD 1 Quarter
Net income NetIncomeLoss $229.01M USD Annual
Net income NetIncomeLoss $47.01M USD 1 Quarter
Net income NetIncomeLoss $75.53M USD 1 Quarter
Net income NetIncomeLoss $51.11M USD 1 Quarter
Net income NetIncomeLoss $52.05M USD 1 Quarter
Net income NetIncomeLoss $257.20M USD Annual
Net income NetIncomeLoss $259.18M USD Annual
Net income NetIncomeLoss $86.75M USD 1 Quarter
Net income NetIncomeLoss $58.15M USD 1 Quarter
Net income NetIncomeLoss $71.39M USD 1 Quarter
Net income NetIncomeLoss $76.67M USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.50 USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.87 USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.54 USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.11 USD 1 Quarter
Basic income per share EarningsPerShareBasic $5.49 USD Annual
Basic income per share EarningsPerShareBasic $1.61 USD 1 Quarter
Basic income per share EarningsPerShareBasic $4.81 USD Annual
Basic income per share EarningsPerShareBasic $5.42 USD Annual
Basic income per share EarningsPerShareBasic $1.07 USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.00 USD 1 Quarter
Basic income per share EarningsPerShareBasic $1.21 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $1.06 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $5.37 USD Annual
Diluted income per share EarningsPerShareDiluted $1.59 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $1.86 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $1.00 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $1.20 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $4.73 USD Annual
Diluted income per share EarningsPerShareDiluted $1.49 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $1.52 USD 1 Quarter
Diluted income per share EarningsPerShareDiluted $5.45 USD Annual
Diluted income per share EarningsPerShareDiluted $1.11 USD 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.76M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 46.88M shares Annual
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.85M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.61M shares Annual
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.45M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.92M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 46.89M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 46.37M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.70M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 46.81M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 47.81M shares Annual
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.11M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.31M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 47.76M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.27M shares Annual
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.27M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 46.66M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.34M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 48.41M shares Annual
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 47.16M shares Annual
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 47.15M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 47.09M shares 1 Quarter
Cash Flow Statement 139 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $259.18M USD Annual
Net income ProfitLoss $257.20M USD Annual
Net income ProfitLoss $229.01M USD Annual
Share-based compensation AllocatedShareBasedCompensationExpense $10.66M USD Annual
Share-based compensation AllocatedShareBasedCompensationExpense $19.51M USD Annual
Share-based compensation AllocatedShareBasedCompensationExpense $10.30M USD Annual
Provision for bad debts ProvisionForDoubtfulAccounts $8.67M USD Annual
Depreciation and amortization DepreciationAndAmortizationExcludingIntangibleAssets $35.67M USD Annual
Depreciation and amortization DepreciationAndAmortizationExcludingIntangibleAssets $18.70M USD Annual
Depreciation and amortization DepreciationAndAmortizationExcludingIntangibleAssets $21.23M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $2.18M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.18M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.10M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.42M USD Annual
Amortization of intangible assets AmortizationOfIntangibleAssets $2.10M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.10M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $1.69M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.18M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.10M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $8.22M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $3.14M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-11.51M USD Annual
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $1.67M USD Annual
Loss on transaction GainLossOnTransactionNetOfCostsAndAssetImpairment $-12.61M USD Annual
Loss on transaction GainLossOnTransactionNetOfCostsAndAssetImpairment $-3.97M USD Annual
Cumulative net effect of adoption of ASU StockholdersEquity $985.95M USD Point-in-time
Other, including fixed asset impairments OtherNoncashIncomeExpense $-571.00K USD Annual
Other, including fixed asset impairments OtherNoncashIncomeExpense $335.00K USD Annual
Cumulative net effect of adoption of ASU StockholdersEquity $1.21B USD Point-in-time
Cumulative net effect of adoption of ASU StockholdersEquity $1.44B USD Point-in-time
Cumulative net effect of adoption of ASU StockholdersEquity $1.57B USD Point-in-time
Other, including fixed asset impairments OtherNoncashIncomeExpense $-2.10M USD Annual
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $5.91M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $5.00M USD Point-in-time
Allowance for credit losses FinancingReceivableAllowanceForCreditLosses $5.00M USD Point-in-time
Income tax expense IncomeTaxExpenseBenefit $17.57M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.12M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $24.67M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $22.79M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $13.14M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $15.17M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $11.46M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $58.33M USD Annual
Accounts receivable and interest receivable from university partners IncreaseDecreaseInAccountsReceivable $-766.00K USD Annual
Income tax expense IncomeTaxExpenseBenefit $75.94M USD Annual
Accounts receivable and interest receivable from university partners IncreaseDecreaseInAccountsReceivable $13.25M USD Annual
Accounts receivable and interest receivable from university partners IncreaseDecreaseInAccountsReceivable $51.48M USD Annual
Income tax expense IncomeTaxExpenseBenefit $15.35M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $57.99M USD Annual
Accounts receivable AccountsReceivableRelatedToUniversityOperations $7.78M USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $621.00K USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.55M USD Annual
Other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.14M USD Annual
Right-of-use assets and lease liabilities IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets $833.00K USD Annual
Right-of-use assets and lease liabilities IncreaseDecreaseInOperatingLeaseLiabilitiesRecognizedInExchangeForRightOfUseAssets $2.15M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-14.31M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-3.10M USD Annual
Accounts payable IncreaseDecreaseInAccountsPayableTrade $1.01M USD Annual
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $18.61M USD Annual
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $5.08M USD Annual
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-15.70M USD Annual
Income taxes receivable/payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-8.66M USD Annual
Income taxes receivable/payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-1.04M USD Annual
Income taxes receivable/payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-279.00K USD Annual
Deferred rent IncreaseDecreaseInDeferredRent $-189.00K USD Annual
Deferred rent IncreaseDecreaseInDeferredRent $-20.00K USD Annual
Student deposits IncreaseDecreaseInContractWithCustomerLiabilityStudentDeposits $-25.00K USD Annual
Student deposits IncreaseDecreaseInContractWithCustomerLiabilityStudentDeposits $6.88M USD Annual
Deferred revenue IncreaseDecreaseInContractWithCustomerLiabilityExcludingStudentDeposits $-7.29M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $306.34M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $308.82M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $199.09M USD Annual
Capital expenditures PaymentsToAcquireProductiveAssets $29.42M USD Annual
Capital expenditures PaymentsToAcquireProductiveAssets $22.39M USD Annual
Capital expenditures PaymentsToAcquireProductiveAssets $94.53M USD Annual
Purchases of land and building improvements related to off-site development PurchaseOfLandRelatedToOffsiteDevelopment $330.00K USD Annual
Additions of amortizable content PaymentsToDevelopEducationResources $524.00K USD Annual
Additions of amortizable content PaymentsToDevelopEducationResources $260.00K USD Annual
Acquisition, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $361.18M USD Annual
Disposition PaymentsRelatedToDispositionOfProductiveAssets $131.55M USD Annual
Funding to GCU at closing in excess of required capital PaymentsOfFundingAtClosingInExcessOfRequiredCapital $7.38M USD Annual
Repayment of excess funds by GCU ProceedsFromRepaymentOfFundingInExcessOfRequiredCapital $7.38M USD Annual
Funding to GCU PaymentsToFundNotesReceivable $75.00M USD Annual
Funding to GCU PaymentsToFundNotesReceivable $30.00M USD Annual
Funding to GCU PaymentsToFundNotesReceivable $169.82M USD Annual
Repayment by GCU ProceedsFromCollectionOfNotesReceivable $75.00M USD Annual
Repayment by GCU ProceedsFromCollectionOfNotesReceivable $100.00M USD Annual
Purchases of investments PaymentsToAcquireMarketableSecurities $9.38M USD Annual
Purchases of investments PaymentsToAcquireMarketableSecurities $46.95M USD Annual
Proceeds from sale or maturity of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $10.59M USD Annual
Proceeds from sale or maturity of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $57.16M USD Annual
Proceeds from sale or maturity of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $65.12M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-405.88M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-238.24M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-19.35M USD Annual
Principal payments on notes payable RepaymentsOfDebtAndCapitalLeaseObligations $6.72M USD Annual
Principal payments on notes payable RepaymentsOfDebtAndCapitalLeaseObligations $92.43M USD Annual
Principal payments on notes payable RepaymentsOfDebtAndCapitalLeaseObligations $33.14M USD Annual
Debt issuance costs PaymentsOfDebtIssuanceCosts $2.38M USD Annual
Proceeds from notes payable ProceedsFromNotesPayable $243.75M USD Annual
Net borrowings from revolving line of credit ProceedsFromRepaymentsOfLinesOfCredit $-68.75M USD Annual
Repurchase of common shares including shares withheld in lieu of income taxes PaymentsForRepurchaseOfCommonStock $134.01M USD Annual
Repurchase of common shares including shares withheld in lieu of income taxes PaymentsForRepurchaseOfCommonStock $43.91M USD Annual
Repurchase of common shares including shares withheld in lieu of income taxes PaymentsForRepurchaseOfCommonStock $24.76M USD Annual
Net proceeds from exercise of stock options ProceedsFromStockOptionsExercised $883.00K USD Annual
Net proceeds from exercise of stock options ProceedsFromStockOptionsExercised $4.63M USD Annual
Net proceeds from exercise of stock options ProceedsFromStockOptionsExercised $3.82M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-166.28M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $40.09M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-26.84M USD Annual
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $123.20M USD Annual
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-66.00M USD Annual
Net increase (decrease) in cash and cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-59.44M USD Annual
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $122.57M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $182.01M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $248.01M USD Point-in-time
Cash and cash equivalents and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $245.77M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $122.57M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $182.01M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $248.01M USD Point-in-time
Cash and cash equivalents and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $245.77M USD Point-in-time
Cash paid for interest InterestPaidNet $1.51M USD Annual
Cash paid for interest InterestPaidNet $11.52M USD Annual
Cash paid for interest InterestPaidNet $4.31M USD Annual
Cash paid for income taxes IncomeTaxesPaid $59.90M USD Annual
Cash paid for income taxes IncomeTaxesPaid $68.38M USD Annual
Cash paid for income taxes IncomeTaxesPaid $78.19M USD Annual
Sale transaction to GCU through Secured Note financing SaleTransactionToAffiliatesThroughSecuredNoteFinancing $870.10M USD Annual
Purchases of property and equipment included in accounts payable CapitalExpendituresIncurredButNotYetPaid $1.12M USD Annual
Purchases of property and equipment included in accounts payable CapitalExpendituresIncurredButNotYetPaid $469.00K USD Annual
Purchases of property and equipment included in accounts payable CapitalExpendituresIncurredButNotYetPaid $1.21M USD Annual
Reclassification of capitalized costs - adoption of ASC 606 ReclassificationOfCapitalizedCostsDueToAdoptionOfASC606 $9.02M USD Annual
Reclassification of deferred revenue - adoption of ASC 606 ReclassificationOfDeferredRevenueDueToAdoptionOfASC606 $7.45M USD Annual
Lease adoption - recognition of right of use assets and lease liabilities GrossUpOfRightOfUseAssetsAndLeaseLiabilitiesAdoptionOfAsu201602 $498.00K USD Annual
ROU Asset and Liability recognition RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $14.20M USD Annual
ROU Asset and Liability recognition RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $33.25M USD Annual
Reclassification of interest rate corridor due to expiration OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $-1.10M USD Point-in-time
Reclassification of interest rate corridor due to expiration OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $1.10M USD Annual
Reclassification of tax effect within accumulated other comprehensive income ReclassificationOfTaxEffectWithinAccumulatedOtherComprehensiveIncome $156.00K USD Annual
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $985.95M USD Point-in-time
Beginning Balance StockholdersEquity $1.21B USD Point-in-time
Beginning Balance StockholdersEquity $1.44B USD Point-in-time
Beginning Balance StockholdersEquity $1.57B USD Point-in-time
Comprehensive income ComprehensiveIncomeNetOfTax $259.63M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $229.44M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $257.20M USD Annual
Common stock purchased for treasury TreasuryStockValueAcquiredCostMethod $35.79M USD Annual
Common stock purchased for treasury TreasuryStockValueAcquiredCostMethod $9.61M USD Annual
Common stock purchased for treasury TreasuryStockValueAcquiredCostMethod $129.04M USD Annual
Common stock acquired, shares TreasuryStockSharesAcquired 1.60M shares Annual
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $4.36M USD Annual
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $5.69M USD Annual
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $2.17M USD Annual
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $4.63M USD Annual
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $883.00K USD Annual
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $3.82M USD Annual
Ending Balance StockholdersEquity $985.95M USD Point-in-time
Ending Balance StockholdersEquity $1.21B USD Point-in-time
Ending Balance StockholdersEquity $1.44B USD Point-in-time
Ending Balance StockholdersEquity $1.57B USD Point-in-time
Comprehensive Income 23 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $73.24M USD 1 Quarter
Net income NetIncomeLoss $229.01M USD Annual
Net income NetIncomeLoss $47.01M USD 1 Quarter
Net income NetIncomeLoss $75.53M USD 1 Quarter
Net income NetIncomeLoss $51.11M USD 1 Quarter
Net income NetIncomeLoss $52.05M USD 1 Quarter
Net income NetIncomeLoss $257.20M USD Annual
Net income NetIncomeLoss $259.18M USD Annual
Net income NetIncomeLoss $86.75M USD 1 Quarter
Net income NetIncomeLoss $58.15M USD 1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax $107.00K USD Annual
Net income NetIncomeLoss $71.39M USD 1 Quarter
Net income NetIncomeLoss $76.67M USD 1 Quarter
Unrealized gains (losses) on hedging derivatives, taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $39.00K USD Annual
Unrealized (losses) on hedging derivative, net of taxes of $107 for the year ended December 31, 2019 OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-390.00K USD Annual
Unrealized gains (losses) on available for sale securities, taxes OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $103.00K USD Annual
Unrealized gain on hedging derivative, net of taxes of $39 for the year ended December 31, 2018 OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $118.00K USD Annual
Reclassification of expired interest rate corridor to interest expense, tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax $257.00K USD Annual
Unrealized gains (losses) on available for sale securities, net of taxes of $103 for the year ended December 31, 2018 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $309.00K USD Annual
Reclassification of expired interest rate corridor to interest expense, net of taxes of $257 for the year ended December 31, 2019 OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-843.00K USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $259.63M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $229.44M USD Annual
Comprehensive income ComprehensiveIncomeNetOfTax $257.20M USD Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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