American public education inc (APEI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Dec'08
Assets [Abstract]
Current assets:
Cash, cash equivalents, and restricted cash (Note 2)

196,839

202,740

210,103

220,833

215,928

212,131

197,596

193,597

186,168

179,205

166,259

157,128

147,804

146,351

137,691

124,092

119,985

105,734

113,829

103,724

112,337

115,634

108,639

89,801

99,680

94,820

143,780

128,116

120,550

114,901

101,561

116,713

125,826

119,006

107,306

94,503

96,530

81,352

86,596

86,163

85,534

74,866

63,788

47,714

Accounts receivable, net of allowance of $6,192 in 2020 and $6,174 in 2019

6,497

11,325

7,942

6,413

14,103

14,059

13,274

6,999

7,924

7,136

6,389

6,201

6,200

6,949

5,878

6,464

8,560

7,917

8,917

5,730

9,241

6,130

6,624

8,471

13,346

9,520

7,004

8,023

12,211

10,428

19,860

8,763

9,093

9,499

9,162

10,077

9,890

10,269

8,166

9,011

7,769

8,664

8,427

6,188

Prepaid expenses

9,489

7,087

6,316

7,943

6,692

5,482

5,664

6,312

7,409

4,792

6,651

7,241

7,397

5,327

5,553

5,737

6,830

6,277

9,894

6,570

6,954

6,379

6,224

5,511

6,627

5,598

4,131

4,725

5,056

4,290

3,997

4,923

5,525

4,961

4,572

4,581

4,654

4,233

3,378

2,800

3,324

2,990

2,393

2,156

Income tax receivable

2,680

1,757

5,649

4,762

1,721

898

3,197

3,456

-

0

757

3,120

4,233

-

1,182

2,814

981

-

1,216

638

1,947

2,029

-

843

-

3,215

1,891

-

386

4,953

3,367

1,778

-

1,603

3,114

528

-

780

2,403

1,719

-

863

3,806

1,306

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,833

4,010

4,806

6,714

7,672

6,869

6,009

6,046

8,779

8,373

6,190

3,432

4,011

4,409

5,113

6,502

7,103

5,225

4,164

3,653

3,082

1,965

1,553

1,369

2,097

1,824

1,289

999

1,235

640

Total current assets

215,505

222,909

230,010

239,951

238,444

232,570

219,731

210,364

201,501

191,133

180,056

173,690

165,634

158,627

155,137

143,117

141,162

126,642

141,528

123,531

136,488

136,218

130,266

112,999

125,843

116,585

160,817

145,273

143,316

141,074

135,888

137,402

144,608

138,722

127,236

111,654

112,627

98,003

102,640

101,517

97,916

88,382

79,649

58,004

Property and equipment, net

76,366

78,495

78,674

81,666

84,156

86,881

84,849

87,460

90,247

95,249

92,169

93,685

95,728

97,687

99,155

107,490

108,005

109,281

109,858

108,240

104,278

102,424

96,188

94,049

91,827

90,733

88,097

87,344

85,607

82,840

79,479

72,589

62,770

58,759

50,106

45,197

44,203

42,415

35,473

31,620

28,385

25,294

23,834

19,622

Operating lease assets, net

11,057

11,658

10,308

10,781

11,248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

10,501

10,502

10,502

10,485

10,479

11,966

11,998

12,309

12,280

12,481

14,716

14,672

14,651

14,611

14,561

17,536

17,465

15,915

12,306

12,302

12,013

12,051

12,190

12,216

10,674

10,597

10,557

10,618

10,616

6,664

6,750

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

0

0

2,100

2,100

2,100

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,400

6,390

6,380

6,000

6,000

6,000

6,000

6,000

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

26,563

26,563

26,563

28,044

28,044

33,899

33,899

33,899

33,899

33,899

33,899

33,899

33,899

33,899

33,899

38,634

38,634

38,634

38,634

38,634

38,634

38,634

38,634

38,148

38,148

38,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets, net

5,267

4,770

5,049

5,157

5,376

5,642

7,548

7,706

8,304

6,276

9,061

8,949

8,305

8,696

8,472

8,635

9,132

8,955

9,163

8,735

9,094

8,577

8,833

8,937

9,385

9,592

1,266

1,190

1,201

1,025

1,008

993

1,436

1,410

1,370

1,695

1,580

1,421

1,714

1,522

1,414

2,077

1,622

1,187

Assets

345,259

354,897

361,106

376,084

377,747

370,958

358,025

351,738

346,231

339,038

329,901

324,895

320,317

315,620

313,324

315,412

314,398

299,427

311,489

291,442

300,507

297,904

292,511

272,739

282,257

271,655

266,737

250,425

246,740

237,603

229,125

210,984

208,814

198,891

178,712

158,546

158,410

141,839

139,827

134,659

127,715

115,753

105,105

78,813

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

5,006

3,546

3,965

4,923

2,403

9,110

4,303

6,546

4,952

8,844

5,041

6,411

4,837

6,853

-

-

7,171

6,264

7,952

7,051

6,251

11,029

11,888

11,315

12,411

11,563

12,179

8,705

15,247

17,251

19,012

15,185

13,255

16,318

10,880

8,831

10,162

9,422

6,551

5,449

4,487

6,756

4,724

4,946

Accrued compensation and benefits

11,016

13,753

11,191

9,488

6,655

13,100

-

-

-

9,802

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,559

1,825

Accrued liabilities

7,423

8,270

7,932

6,763

8,524

3,808

14,467

14,896

15,744

3,621

13,613

12,492

11,822

14,124

-

-

17,937

14,126

16,936

14,190

15,017

13,416

13,896

9,559

11,526

17,866

14,193

15,651

11,657

12,042

16,202

13,797

14,780

14,486

11,974

9,561

9,444

9,349

10,110

7,518

8,421

8,003

5,726

5,250

Contract with Customer, Liability, Current

19,974

17,426

20,608

19,054

21,023

18,300

22,191

19,934

21,957

19,374

21,994

20,802

23,174

20,639

24,888

21,927

25,898

25,258

32,531

21,374

23,741

23,805

27,263

23,216

26,479

24,829

28,762

25,810

29,073

25,777

28,618

24,104

27,078

25,884

27,116

22,635

22,439

18,815

19,549

15,945

14,513

14,204

14,897

9,626

Operating lease liabilities, current

2,332

2,283

2,001

1,963

1,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,095

22,347

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

-

-

0

0

2,668

1,710

0

0

0

559

-

-

-

682

-

-

-

-

-

-

1,928

-

0

782

-

-

0

-

1,688

-

-

-

4,423

-

-

-

4,679

-

-

-

Total current liabilities

45,751

45,278

45,697

42,191

40,530

44,328

40,961

41,376

45,321

43,351

40,648

39,705

39,833

42,175

43,983

44,274

51,006

46,330

57,419

42,615

45,009

48,250

53,047

44,090

52,344

54,258

55,134

50,948

55,977

55,070

63,832

53,086

56,801

56,688

49,970

41,027

46,468

37,586

36,210

28,912

32,100

28,963

27,906

21,647

Operating Lease, Liability, Noncurrent

8,890

9,495

8,668

9,182

9,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

5,269

3,391

5,963

6,255

6,076

5,364

7,013

7,253

7,131

6,281

9,231

10,848

11,363

8,775

12,558

16,073

16,011

15,944

16,499

16,487

16,031

15,436

14,578

13,932

13,589

10,328

10,364

10,507

12,113

11,380

9,663

9,519

9,393

8,370

8,692

7,324

6,930

6,953

5,772

5,599

4,825

4,772

4,550

3,691

Total liabilities

59,910

58,164

60,328

57,628

56,294

49,692

47,974

48,629

52,452

49,632

49,879

50,553

51,196

50,950

56,541

60,347

67,017

62,274

73,918

59,102

61,040

63,686

67,625

58,022

65,933

64,586

65,498

61,455

68,090

66,450

73,495

62,605

66,194

65,058

58,662

48,351

53,398

44,539

41,982

34,511

36,925

33,735

32,456

25,338

Commitments and contingencies (Note 7)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders’ equity:
Preferred stock, $.01 par value; Authorized shares - 10,000; no shares issued or outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value; Authorized shares - 100,000; 14,781 issued and outstanding in 2020; 15,178 issued and outstanding in 2019

148

152

156

163

166

164

164

164

164

163

162

162

162

161

161

161

161

160

165

166

171

172

173

173

176

176

177

176

177

178

181

180

180

178

178

187

186

186

186

185

184

183

182

180

Additional paid-in capital

190,423

190,620

189,691

187,979

186,346

187,172

185,050

183,607

180,735

180,674

179,708

178,394

177,002

177,061

176,066

174,675

173,587

173,700

171,949

170,469

169,279

169,654

168,169

166,842

165,143

164,913

161,891

153,142

158,561

157,449

152,370

151,154

150,151

147,053

146,255

144,497

142,930

141,757

141,117

139,835

137,503

136,380

135,391

132,078

Less cost of 410 shares of repurchased stock in 2012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,672

7,881

3,396

-

-

26,645

21,284

19,966

9,175

-

-

-

0

295

Retained earnings

94,778

105,961

110,931

130,314

134,941

133,930

124,837

119,338

112,880

108,569

100,152

95,786

91,957

87,448

80,556

80,229

73,633

63,293

65,457

61,705

70,017

64,392

56,544

47,702

51,005

41,980

39,171

35,652

19,912

13,526

15,751

4,926

-4,315

-13,398

-26,383

-7,844

-16,820

-24,677

-34,283

-39,872

-46,897

-54,545

-62,924

-78,488

Stockholders' Equity Attributable to Parent

285,349

296,733

300,778

318,456

321,453

321,266

310,051

303,109

293,779

289,406

280,022

274,342

269,121

264,670

256,783

255,065

247,381

237,153

237,571

232,340

239,467

234,218

224,886

214,717

216,324

207,069

201,239

188,970

178,650

171,153

155,630

148,379

142,620

133,833

120,050

110,195

105,012

97,300

97,845

100,148

90,790

82,018

72,649

53,475

Total liabilities and stockholders’ equity

345,259

354,897

361,106

376,084

377,747

370,958

358,025

351,738

346,231

339,038

329,901

324,895

320,317

315,620

313,324

315,412

314,398

299,427

311,489

291,442

300,507

297,904

292,511

272,739

282,257

271,655

266,737

250,425

246,740

237,603

229,125

210,984

208,814

198,891

178,712

158,546

158,410

141,839

139,827

134,659

127,715

115,753

105,105

78,813