Grand Canyon Education, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $974.1M | $873.3M | $778.2M | $691.1M | $598.3M | $511.3M | $426.7M | $385.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $27.2M | $28.1M | $42.1M | $39.6M | $36.9M | $35.5M | $29.0M | $26.6M |
| Operating Income | $282.8M | $237.2M | $210.4M | $180.8M | $143.3M | $114.1M | $82.2M | $58.2M |
| Operating Margin | 29.0% | 27.2% | 27.0% | 26.2% | 23.9% | 22.3% | 19.3% | 15.1% |
| Interest Expense | $2.2M | $1.3M | $1.2M | $1.8M | $2.2M | $699.0K | $720.0K | $889.0K |
| Pretax Income | $283.5M | $236.1M | $209.0M | $179.7M | $144.9M | $113.4M | $81.5M | $57.5M |
| Income Tax Expense | $80.2M | $87.6M | $77.6M | $68.2M | $56.2M | $44.0M | $31.0M | $22.2M |
| Net Income | $203.3M | $148.5M | $131.4M | $111.5M | $88.7M | $69.4M | $50.5M | $35.2M |
| Net Margin | 20.9% | 17.0% | 16.9% | 16.1% | 14.8% | 13.6% | 11.8% | 9.1% |
| EPS (Basic) | $4.31 | $3.22 | $2.86 | $2.45 | $1.98 | $1.57 | $1.13 | $0.77 |
| EPS (Diluted) | $4.22 | $3.15 | $2.78 | $2.37 | $1.92 | $1.53 | $1.12 | $0.76 |
| Shares Outstanding (Basic) | 47.1M | 46.1M | 46.0M | 45.5M | 44.7M | 44.3M | 44.6M | 45.7M |
| Shares Outstanding (Diluted) | 48.2M | 47.1M | 47.3M | 47.0M | 46.1M | 45.3M | 45.1M | 46.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |