Grand Canyon Education, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $111.8M | $324.6M | $146.5M | $120.4M | $600.9M | $245.8M | $122.3M | $120.3M |
| Accounts Receivable | $84.3M | $82.9M | $78.8M | $77.4M | $70.1M | $62.2M | $48.9M | $46.8M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $400.2M | $420.0M | $337.5M | $273.3M | $681.0M | $333.7M | $208.3M | $309.5M |
| Property, Plant & Equipment | $179.0M | $176.8M | $169.7M | $147.5M | $136.1M | $128.7M | $119.7M | $111.0M |
| Goodwill | $160.8M | $160.8M | $160.8M | $160.8M | $160.8M | $160.8M | $160.8M | $2.9M |
| Intangible Assets (Excl. Goodwill) | $151.5M | $160.0M | $168.4M | $176.8M | $185.2M | $193.6M | $202.1M | — |
| Total Assets | $992.3M | $1.02B | $930.5M | $832.7M | $1.22B | $1.84B | $1.69B | $1.32B |
| Liabilities | ||||||||
| Accounts Payable | $24.3M | $26.7M | $17.7M | $20.0M | $24.3M | $16.6M | $14.8M | $14.3M |
| Total Current Liabilities | $109.8M | $111.0M | $97.0M | $99.7M | $97.9M | $118.7M | $95.2M | $80.5M |
| Long-Term Debt | — | — | — | — | — | $107.8M | $140.9M | — |
| Total Liabilities | $245.4M | $234.6M | $212.4M | $195.1M | $177.7M | $270.3M | $246.9M | $110.4M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $2.69B | $2.47B | $2.24B | $2.04B | $1.86B | $1.59B | $1.34B | $1.08B |
| Total Stockholders' Equity | $746.9M | $783.9M | $718.0M | $637.6M | $1.05B | $1.57B | $1.44B | $1.21B |