GRAND CANYON EDUCATION, INC.
Income Statement
| Line Item | FY2010 | FY2009 |
|---|---|---|
| Revenue | $385.6M | $261.9M |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Gross Margin | — | — |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | $26.6M | $21.6M |
| Operating Income | $58.2M | $46.6M |
| Operating Margin | 15.1% | 17.8% |
| Interest Expense | $889.0K | $1.6M |
| Pretax Income | $57.5M | $45.3M |
| Income Tax Expense | $22.2M | $18.0M |
| Net Income | $35.2M | $27.3M |
| Net Margin | 9.1% | 10.4% |
| EPS (Basic) | $0.77 | $0.60 |
| EPS (Diluted) | $0.76 | $0.60 |
| Shares Outstanding (Basic) | 45.7M | 45.2M |
| Shares Outstanding (Diluted) | 46.4M | 45.5M |
| Dividends Per Share | — | — |