Zovio inc (BPI)
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'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

61,303

69,280

79,145

104,617

141,837

166,307

163,091

171,596

171,178

185,098

165,176

171,536

164,733

307,802

258,354

265,366

243,120

282,145

242,673

261,023

241,277

207,003

188,779

150,490

190,691

212,526

392,299

322,578

275,533

208,971

181,577

180,425

162,148

133,921

161,667

210,495

188,518

Restricted cash

24,631

23,257

25,744

20,049

19,252

18,619

19,786

19,815

17,457

20,428

19,921

19,680

20,182

24,533

26,223

21,623

21,439

24,685

24,591

28,134

20,206

25,934

24,773

32,628

28,738

36,946

39,463

40,543

41,094

46,994

0

0

25

25

25

25

25

Investments

2,212

2,502

2,385

2,344

2,236

2,068

2,203

2,147

2,121

2,065

26,965

26,876

31,803

49,434

27,802

35,329

37,243

19,387

21,902

14,421

12,177

12,051

51,074

81,130

46,018

65,901

35,221

86,810

111,838

136,967

142,984

159,792

164,562

153,779

87,468

78,032

90,611

Accounts receivable, net of allowance for credit losses of $11.2 million and $13.7 million at March 31, 2020 and December 31, 2019, respectively

46,710

34,951

35,675

33,720

32,069

27,015

28,920

34,057

33,594

24,174

34,303

32,741

32,925

26,457

30,614

29,797

34,179

24,091

30,793

28,164

30,918

21,274

31,375

25,881

29,628

22,953

41,842

43,393

51,835

54,487

111,010

99,617

92,853

62,156

87,690

78,685

58,415

Student loans receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

955

726

775

928

913

859

1,003

984

925

965

1,043

1,682

1,607

880

556

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,301

-

-

-

16,683

-

-

-

15,490

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,757

21,316

21,295

-

16,698

16,734

16,699

-

15,586

15,573

15,524

-

5,313

5,442

5,441

5,429

7,307

7,039

7,039

Prepaid expenses and other current assets

28,472

20,524

24,705

25,754

19,796

18,255

20,427

20,484

21,394

22,388

24,548

23,894

23,386

23,467

39,181

41,433

42,027

52,192

33,577

25,229

22,321

22,818

18,365

23,405

27,864

21,563

19,072

23,891

25,245

20,053

22,722

22,966

17,864

17,199

14,514

13,267

12,650

Total current assets

163,328

150,514

167,654

186,484

215,190

232,264

234,427

248,099

245,744

254,153

270,913

274,727

273,029

431,693

382,174

394,503

378,734

403,275

367,221

379,200

349,053

311,384

332,048

331,193

340,603

377,615

545,165

534,395

521,949

483,518

463,606

468,242

442,893

372,509

358,671

387,543

357,258

Property and equipment, net

33,313

34,294

32,995

28,496

18,778

16,860

14,715

9,141

10,019

10,434

10,894

11,621

12,206

12,218

16,021

17,429

19,568

21,742

30,560

71,068

75,728

78,219

88,098

88,694

90,122

91,425

94,570

94,719

94,930

95,966

98,281

95,395

92,082

89,667

82,379

75,500

66,542

Operating lease assets

19,559

18,615

21,903

26,261

21,189

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,984

45,000

50,056

47,770

71,364

59,088

81,593

111,557

92,777

77,752

63,897

41,062

86,279

86,283

96,475

121,738

146,887

130,398

115,431

119,507

95,564

68,837

20,000

Student loans receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,589

7,147

7,394

7,607

8,191

9,146

9,510

9,977

10,447

11,283

11,785

11,936

12,722

13,788

14,416

14,992

14,998

12,065

9,255

-

-

-

Goodwill and intangibles, net

43,179

44,419

45,932

47,199

12,050

12,441

13,332

13,723

14,170

14,593

15,237

15,810

16,593

17,419

18,301

19,246

20,210

21,265

22,221

23,046

23,901

24,775

25,586

26,232

26,637

26,878

11,974

11,686

11,471

10,739

10,182

9,364

-

7,037

-

-

-

Student loans receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,743

Goodwill and intangibles, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,378

-

5,961

5,209

4,123

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

1,300

-

-

-

-

-

4,118

19,520

20,043

-

17,441

18,502

18,517

-

13,724

13,746

13,701

-

10,752

10,810

10,805

11,200

14,302

15,845

15,845

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,175

-

-

-

18,507

-

-

-

13,706

-

-

-

-

-

-

-

Other long-term assets

2,489

2,296

2,625

8,704

7,968

7,927

8,688

4,375

4,814

5,456

5,209

1,778

1,942

2,046

2,713

3,576

5,162

5,320

2,209

2,435

2,661

2,475

2,372

2,654

2,980

2,740

1,951

1,529

2,206

2,330

2,490

2,390

2,517

4,461

9,197

8,566

4,714

Total assets

261,868

250,138

271,109

297,144

275,175

269,492

271,162

275,338

274,747

284,636

302,253

303,936

305,070

463,376

464,193

486,343

480,877

506,766

505,300

562,548

562,125

558,095

568,299

555,474

554,039

570,012

765,599

755,080

754,520

742,413

747,190

731,597

684,171

613,636

566,074

561,500

471,225

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,128

5,491

6,894

1,013

10,460

4,029

6,576

5,195

9,322

7,361

6,901

4,588

7,357

5,929

4,651

8,961

6,933

3,081

5,076

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

77,866

-

-

-

79,196

72,364

55,048

55,986

51,403

48,854

46,531

62,224

54,290

48,828

48,336

58,801

44,640

56,509

57,858

67,409

40,205

47,048

47,618

34,895

Accounts payable and accrued liabilities

62,833

68,160

68,343

83,886

83,898

62,792

58,369

61,747

66,182

71,165

69,840

66,143

67,203

-

69,185

74,643

70,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract with Customer, Liability, Current

-

-

-

-

-

63,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and student deposits

62,529

55,284

54,461

59,384

55,943

-

58,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and student deposits

-

-

-

-

-

-

-

58,761

61,698

70,766

61,715

65,162

71,795

74,666

75,696

81,216

82,379

88,756

89,614

98,827

102,688

108,048

109,105

112,404

108,621

132,791

126,447

134,634

140,969

175,057

172,255

187,433

189,169

185,446

164,869

180,730

173,576

Total current liabilities

125,362

123,444

122,804

143,270

139,841

126,626

116,768

120,508

127,880

141,931

131,555

131,305

138,998

152,532

144,881

155,859

153,189

167,952

164,106

159,366

165,568

160,464

168,419

162,964

177,421

192,276

184,597

190,331

206,671

224,285

236,121

251,220

261,229

234,612

218,850

231,429

213,547

Rent liability

25,190

22,409

23,882

24,928

9,842

3,183

4,790

5,968

6,030

7,001

8,125

10,430

13,370

16,508

14,098

15,911

17,842

20,118

21,397

24,496

20,275

22,098

21,356

22,493

23,377

23,927

26,294

26,183

25,798

25,173

24,347

22,238

19,741

16,595

15,348

14,191

10,910

Capital Lease Obligations, Noncurrent

-

-

0

0

0

8,634

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

6,331

5,347

6,167

6,556

3,509

3,435

9,819

4,781

12,773

12,708

12,632

13,312

13,408

13,630

13,575

14,801

14,974

15,046

11,902

9,573

9,728

9,652

9,978

9,693

9,418

9,271

8,745

10,724

10,610

9,759

9,293

9,083

8,980

8,781

8,630

8,538

8,527

Total liabilities

156,883

151,200

152,853

174,754

153,192

141,878

131,377

131,257

146,683

161,640

152,312

155,047

165,776

182,670

172,554

186,571

186,005

203,116

197,405

193,435

195,571

192,214

199,753

195,150

210,216

225,474

219,636

227,238

243,079

259,217

269,761

282,541

289,950

259,988

242,828

254,158

232,984

Commitments and contingencies (see Note 15)

-

-

-

-

-

-

-

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, $0.01 par value:
Preferred stock issued

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, $0.01 par value:
Common stock issued

663

660

659

659

656

653

653

651

651

649

648

647

644

641

639

639

638

634

633

633

632

630

629

628

627

623

618

615

614

614

612

600

595

590

584

578

558

Additional paid-in capital

196,346

192,413

188,717

185,293

206,165

205,157

203,913

203,423

202,213

201,755

200,859

199,847

196,569

195,854

192,950

191,560

190,028

188,863

186,375

184,835

181,597

180,720

178,110

176,057

172,476

168,829

163,674

159,776

155,336

151,709

148,317

151,708

144,340

137,447

130,095

120,902

101,463

Retained earnings

377,291

375,180

398,195

405,753

423,350

429,992

443,407

448,195

430,964

426,356

437,503

437,464

431,150

421,281

435,070

444,547

441,209

451,321

458,008

520,754

521,404

521,775

527,023

520,732

507,777

512,107

517,216

503,005

490,891

466,224

463,121

431,676

384,218

351,177

328,292

284,481

178,413

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

0

0

0

-1

49

95

66

-99

-52

-40

-10

-175

-147

-24

12

48

28

19

173

222

350

43

39

-595

-754

-

0

Treasury stock

469,315

469,315

469,315

469,315

508,188

508,188

508,188

508,188

505,764

505,764

489,069

489,069

489,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

337,069

135,573

135,573

135,573

135,573

134,971

134,971

134,971

134,971

134,971

98,619

42,193

Total stockholders' equity

104,985

98,938

118,256

122,390

121,983

127,614

139,785

144,081

128,064

122,996

149,941

148,889

139,294

280,706

291,639

299,772

294,872

303,650

307,895

369,113

366,554

365,881

368,546

360,324

343,823

344,538

545,963

527,842

511,441

483,196

477,429

449,056

394,221

353,648

323,246

307,342

238,241

Total liabilities and stockholders' equity

261,868

250,138

271,109

297,144

275,175

269,492

271,162

275,338

274,747

284,636

302,253

303,936

305,070

463,376

464,193

486,343

480,877

506,766

505,300

562,548

562,125

558,095

568,299

555,474

554,039

570,012

765,599

755,080

754,520

742,413

747,190

731,597

684,171

613,636

566,074

561,500

471,225

Operating lease assets

19,559

18,615

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retained Earnings
Total stockholders' equity

-

-

-

-

-

-

443,407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-