← Grand Canyon Education, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $148.5m | $203.3m | $229.0m | $259.2m | $257.2m | $260.3m | $184.7m | $205.0m | $226.2m | $216.2m | — | |
| Depreciation, Depletion and Amortization | $45.7m | $54.2m | $35.5m | $18.4m | $20.8m | $21.4m | $22.1m | $23.1m | $27.8m | $31.2m | $41.7m | |
| Amortization of Intangible Assets | — | — | — | $8.2m | $8.4m | $8.4m | $8.4m | $8.4m | $8.4m | $8.4m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $8.4m | $8.4m | $8.4m | $8.4m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $8.4m | $8.4m | $8.4m | $8.4m | $8.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $31.2m | $32.0m | $36.6m | $39.9m | $41.7m | |
| Deferred Income Tax Expense (Benefit) | $8.9m | ($5.3m) | ($11.5m) | $2.3m | $3.1m | $5.7m | $233k | $554k | ($222k) | $14.9m | $13.7m | |
| Deferred Income Tax | — | — | — | — | — | — | $401k | $402k | ($165k) | $14.7m | $13.7m | |
| Deferred Tax | — | — | — | — | — | — | $401k | $402k | ($165k) | $14.7m | $13.7m | |
| Share-based Payment Arrangement, Expense | $12.3m | $12.7m | $19.5m | $10.3m | $10.7m | $11.5m | $12.6m | $13.2m | $14.2m | $13.6m | $13.6m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $1.1m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($8.9m) | ($6.5m) | $11.9m | ($13.2m) | ($17.0m) | |
| Increase (Decrease) in Accounts Receivable | $20.3m | $19.8m | $51.5m | ($766k) | $13.2m | $2.9m | $7.3m | $1.4m | $4.1m | $1.3m | ($6.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($7.3m) | ($1.4m) | ($4.1m) | ($1.3m) | ($6.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($7.3m) | ($1.4m) | ($4.1m) | ($1.3m) | ($6.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($4.9m) | ($5.1m) | $13.9m | ($1.3m) | ($8.7m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($1.0m) | ($2.0m) | $4.3m | $2.2m | $70k | |
| Change In Other Current Assets | — | — | — | — | — | — | ($2.6m) | ($1.6m) | $1.2m | ($4.2m) | ($1.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $218.3m |
$304.9m
+39.68%
|
$199.1m
-34.70%
|
$306.3m
+53.88%
|
$308.8m
+0.81%
|
$313.1m
+1.39%
|
$220.8m
-29.48%
|
$243.7m
+10.34%
|
$290.0m
+19.00%
|
$273.5m
-5.68%
|
$278.7m
+1.91%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($35.6m) | ($45.4m) | ($37.7m) | ($34.9m) | ($36.2m) | |
| Capital Expenditure Reported | $178.3m | $113.6m | $94.5m | $22.4m | $29.4m | $28.9m | ($35.2m) | ($44.5m) | ($37.2m) | ($34.8m) | ($36.2m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $57k | — | — | |
| Restricted Cash and Investments, Current | $84.9m | — | — | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $361.2m | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($216.0m) | ($152.1m) | ($238.2m) | ($405.9m) | ($19.4m) | $951.0m | ($97.1m) | ($80.5m) | $61.4m | ($221.6m) | $42.8m | |
| Cash flows from financing activities: | ||||||||||||
| Long Term Debt Payments | — | — | — | — | — | ($107.8m) | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($107.8m) | $0 | $0 | — | — | — | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($107.8m) | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | ($107.8m) | $0 | $0 | — | — | — | |
| Payments for Repurchase of Common Stock | $20.1m | $11.3m | $24.8m | $43.9m | $134.0m | $803.8m | $604.2m | $137.1m | $173.2m | $264.8m | — | |
| Common Stock Payments | — | — | — | — | — | — | ($604.2m) | ($137.1m) | ($173.2m) | ($264.8m) | ($342.7m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($604.2m) | ($137.1m) | ($173.2m) | ($264.8m) | ($342.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($604.2m) | ($137.1m) | ($173.2m) | ($264.8m) | ($342.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $20.7m |
($35.7m)
-273.00%
|
($26.8m)
+24.87%
|
$40.1m
+249.34%
|
($166.3m)
-514.75%
|
($908.9m)
-446.64%
|
($604.2m)
+33.52%
|
($137.1m)
+77.31%
|
($173.2m)
-26.29%
|
($264.8m)
-52.88%
|
($342.7m)
-29.44%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $32.5m | $117.1m | ($66.0m) | ($59.4m) | $123.2m | $355.2m | ($480.5m) | $26.1m | $178.1m | ($212.9m) | $171.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $600.9m | $120.4m | $146.5m | $324.6m | $192.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $32.5m | $117.1m | $182.0m | $122.6m | $245.8m | $600.9m | $120.4m | $146.5m | $324.6m | $111.8m | $171.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.2m | $2.3m | $1.5m | $11.5m | $4.3m | $3.7m | $2k | $33k | $4k | $0 | — | |
| Income Taxes Paid, Net | $66.2m | $69.6m | $78.2m | $59.9m | $68.4m | $61.9m | $48.6m | $59.0m | $65.3m | $53.9m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | — | ($500k) | — | |
| General and Administrative Expense | $43.2m | $43.8m | $30.0m | $44.3m | $43.4m | $41.8m | $45.5m | $43.2m | $46.3m | $47.4m | — | |
| Goodwill | $2.9m | $2.9m | $2.9m | $160.8m | $160.8m | $160.8m | $160.8m | $160.8m | $160.8m | $160.8m | — | |
| Income Tax Expense (Benefit) | $87.6m | $80.2m | $58.0m | $58.3m | $75.9m | $70.9m | $55.4m | $54.7m | $65.1m | $63.7m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $4k | — | — | |
| Litigation Settlement Loss | — | — | — | — | — | — | — | — | — | $35.0m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | $11.4m | — | — | — | |
| Proceeds from Stock Options Exercised | $13.2m | $7.4m | $4.6m | $3.8m | $883k | $2.7m | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | ($5.0m) | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($604.2m) | ($137.1m) | ($173.2m) | ($264.8m) | ($342.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($97.1m) | ($80.5m) | $61.4m | ($221.6m) | $42.8m | |
| Change In Account Payable | — | — | — | — | — | — | ($3.9m) | ($3.1m) | $9.7m | ($3.5m) | ($8.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($480.5m) | $26.1m | $178.1m | ($212.9m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $5.9m | $1.7m | $934k | ($6.4m) | ($287k) | |
| Change In Payable | — | — | — | — | — | — | ($3.9m) | ($3.1m) | $9.7m | ($3.5m) | ($8.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($480.5m) | $26.1m | $178.1m | ($212.9m) | ($21.2m) | |
| End Cash Position | — | — | — | — | — | — | $120.4m | $146.5m | $324.6m | $111.8m | $171.1m | |
| Financing Cash Flow | — | — | — | — | — | — | ($604.2m) |
($137.1m)
+77.31%
|
($173.2m)
-26.29%
|
($264.8m)
-52.88%
|
($342.7m)
-29.44%
|
|
| Free Cash Flow | — | — | — | — | — | — | $185.2m | $198.2m | $252.3m | $238.6m | $242.5m | |
| Investing Cash Flow | — | — | — | — | — | — | ($97.1m) | ($80.5m) | $61.4m | ($221.6m) | $42.8m | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | — | $0 | $0 | ($500k) | $500k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($397k) | ($897k) | ($412k) | ($60k) | ($76k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($61.5m) | ($35.0m) | $99.0m | ($186.2m) | $78.9m | |
| Other Non Cash Items | — | — | — | — | — | — | $853k | ($442k) | $1.2m | $2.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $2.7m | $0 | $0 | — | — | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | ($5.0m) | $0 | $0 | — | — | $0 | |
| Purchase Of Business | — | — | — | — | — | $0 | — | $0 | $0 | ($1.0m) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($397k) | ($897k) | ($412k) | ($60k) | ($76k) | |
| Purchase Of Investment | — | — | — | — | — | — | ($171.5m) | ($98.9m) | ($48.6m) | ($241.7m) | ($86.7m) | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | $500k | $500k | |
| Sale Of Investment | — | — | — | — | — | — | $110.0m | $63.8m | $147.6m | $55.5m | $165.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $12.6m | $13.2m | $14.2m | $13.6m | $13.6m |