← Strategic 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 | $34.8m | $20.6m | ($15.7m) | $81.1m | $86.3m | $55.1m | $46.7m | $69.8m | $112.7m | $126.6m | — | |
| Depreciation, Depletion and Amortization | $17.8m | $18.7m | $31.4m | $49.5m | $51.8m | $59.1m | $52.0m | $48.4m | $44.4m | $48.4m | $47.3m | |
| Amortization of Debt Issuance Costs | $262k | $262k | $292k | $333k | $466k | $552k | $552k | $557k | $674k | $425k | — | |
| Amortization of Intangible Assets | — | — | $25.7m | $61.7m | $64.2m | $51.5m | $14.3m | $11.5m | $0 | $0 | — | |
| Deferred Income Tax Expense (Benefit) | ($8.7m) | $6.4m | ($16.3m) | ($8.0m) | ($13.4m) | ($7.7m) | ($8.7m) | ($6.3m) | ($150k) | $7.7m | $5.0m | |
| Share-based Payment Arrangement, Noncash Expense | $10.8m | $11.6m | $15.5m | $12.2m | $14.6m | $18.1m | $21.8m | $19.8m | $25.6m | $23.0m | $21.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $859k | — | — | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | $0 | — | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | $13.9m | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.2m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $0 | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $18.9m | $1.2m | $5.1m | $677k | $4.7m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | $2.3m | $1.9m | $4.9m | $348k | $3.0m | ($2.7m) | ($4.3m) | — | |
| Other Nonoperating Income (Expense) | — | — | $3.6m | $13.2m | $4.6m | $2.7m | ($1.2m) | $5.4m | $5.8m | $3.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $1.5m | $3.2m | ($7.9m) | ($1.8m) | ($19.7m) | $196k | $12.6m | $12.9m | ($221k) | $1.1m | ($4.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $44.5m |
$56.2m
+26.16%
|
$46.9m
-16.54%
|
$202.1m
+331.32%
|
$142.9m
-29.31%
|
$180.5m
+26.33%
|
$126.1m
-30.18%
|
$117.1m
-7.09%
|
$169.3m
+44.58%
|
$198.2m
+17.05%
|
$215.9m
+8.92%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.2m | $18.1m | $27.5m | $38.7m | $46.8m | $49.4m | $43.2m | $36.9m | $40.6m | $44.3m | ($47.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | $0 | $0 | $2.7m | $2.9m | $2.1m | $0 | ($300k) | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $0 | $0 | $2.7m | $2.9m | $2.1m | $0 | $0 | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $35k | ($800k) | $0 | $0 | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | $1.2m | $2.7m | — | — | — | — | — | — | ($8.4m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | $16.4m | $43.8m | $34.7m | $7.5m | $6.4m | $9.8m | $12.8m | $500k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $7.6m | — | ($167.9m) | $0 | $628.8m | $0 | $800k | $530k | $177k | $36k | ($20k) | |
| Net Cash Provided by (Used in) Investing Activities | ($20.8m) | ($18.1m) | $130.1m | ($38.1m) | ($642.2m) | ($33.1m) | ($31.4m) | ($48.5m) | ($64.4m) | $8.5m | ($8.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $145.6m | $0 | $0 | — | — | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | $0 | $0 | $247k | $5.9m | $40.1m | $10.0m | $11.5m | $138.9m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $11.4m | $27.8m | $46.6m | $56.0m | $59.0m | $59.2m | $58.8m | $59.0m | $57.5m | ($55.3m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $220.2m | $0 | $0 | — | — | — | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($1.4m) |
($11.4m)
-740.65%
|
($21.2m)
-85.84%
|
($55.8m)
-163.12%
|
$279.2m
+600.16%
|
($67.9m)
-124.32%
|
($142.4m)
-109.70%
|
($113.6m)
+20.20%
|
($136.8m)
-20.39%
|
($206.2m)
-50.73%
|
($219.9m)
-6.67%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $155.8m | $108.3m | ($218.5m) | $77.2m | ($51.8m) | ($45.5m) | ($35.3m) | $2.9m | $132.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $312.2m | $420.5m | $202.0m | $279.2m | $227.5m | $181.9m | $146.7m | $149.5m | $132.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $0 | $0 | $1.6m | ($2.4m) | ($4.1m) | ($496k) | ($3.5m) | $2.3m | ($81k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $48.8m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | $100k | $6.2m | $2.2m | — | |
| General and Administrative Expense | $45.7m | $55.4m | $57.1m | $272.4m | $295.2m | $361.3m | $379.8m | $384.4m | $412.2m | $425.0m | — | |
| Goodwill | $20.7m | $20.7m | $732.5m | $732.1m | $1.3b | $1.3b | $1.3b | $1.3b | $1.2b | $1.2b | $4.2m | |
| Income Tax Expense (Benefit) | $22.5m | $32.0m | ($3.5m) | $42.6m | $27.7m | $21.5m | $22.9m | $30.9m | $48.7m | $50.8m | — | |
| Noncash Merger Related Costs | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Operating Costs and Expenses | — | — | $340.1m | $530.6m | $532.7m | $608.3m | $597.3m | $623.9m | $650.5m | $647.1m | — | |
| Payments of Financing Costs | — | $0 | $1.2m | $0 | $1.9m | $0 | $0 | $0 | $1.7m | $0 | — | |
| Proceeds from Stock Options Exercised | — | — | $8.6m | $1.8m | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $49.1m | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.