National american university holdings, inc. (NAUH)
Balance Sheet / Quarterly
May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

1,335

425

530

3,247

5,324

4,638

5,123

7,017

11,974

9,591

10,599

14,680

21,713

22,564

21,961

30,653

23,300

16,104

28,204

10,434

4,154

16,740

13,730

8,742

11,130

22,205

13,060

16,427

15,658

20,280

18,190

20,765

25,716

Available for sale investments

-

-

-

-

-

0

3,566

4,185

4,183

6,184

9,104

6,117

4,117

4,115

4,115

3,628

4,102

22,348

12,345

27,880

15,435

15,133

18,236

23,235

20,748

10,904

15,163

11,403

14,917

14,940

22,958

-

19,085

Short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,976

-

Student receivables - net of allowance of $251 and $301 at May 31, 2019 and May 31, 2018, respectively

615

1,477

1,769

3,558

1,402

3,586

2,934

3,336

2,895

3,336

2,945

3,886

3,011

3,166

5,032

4,798

14,358

4,275

3,576

2,700

16,532

2,495

3,071

2,867

3,628

2,730

4,203

3,801

2,804

3,487

4,896

2,114

2,010

Other receivables

132

401

382

409

563

724

253

217

458

801

217

86

375

425

1,617

146

1,195

1,261

671

183

291

296

680

519

722

1,034

810

421

366

6,205

1,213

649

425

Bookstore inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

31

897

979

1,057

Income taxes receivable

6

10

7

5

105

2,397

2,303

2,300

2,301

2,684

4,592

3,754

2,780

3,787

2,772

1,069

0

848

-

-

-

0

0

355

122

0

0

1,640

974

0

0

484

1,260

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

2,311

2,300

2,329

2,335

1,060

1,333

1,703

1,688

1,264

1,275

1,279

1,353

1,210

1,193

1,334

1,914

1,823

1,981

1,983

1,723

Prepaid and other current assets

750

1,509

1,104

894

1,234

1,638

1,298

1,167

1,649

2,601

2,291

1,602

2,078

2,346

2,451

1,698

2,151

2,313

2,298

2,127

2,180

2,373

2,138

1,356

841

563

491

367

613

630

421

428

559

Current assets of discontinued operations

254

-

-

-

1,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

3,092

3,822

3,792

8,113

10,437

12,983

15,477

18,222

23,460

25,197

29,748

30,125

34,074

38,714

40,248

44,321

47,441

48,209

48,427

45,027

40,280

38,301

39,130

38,353

38,544

38,646

34,920

35,393

37,252

47,396

50,556

50,378

51,835

Total property and equipment - net

15,876

16,464

17,810

24,309

18,813

27,194

28,929

30,586

31,318

31,744

31,157

31,124

31,273

32,302

34,195

35,146

36,390

37,871

38,980

40,319

43,258

43,882

43,117

43,858

44,944

45,111

43,792

42,108

40,496

39,586

36,831

23,052

21,265

Total property and equipment - net of discontinued operations

0

-

-

-

6,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER ASSETS:
Restricted certificates of deposit

15,625

8,150

9,250

9,250

9,250

1,250

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Condominium inventory

0

0

154

321

512

190

190

385

621

621

621

621

621

621

621

385

385

377

377

377

744

927

1,257

1,257

1,778

1,970

2,671

2,667

2,667

2,667

2,664

2,664

2,664

Land held for future development

414

414

414

414

414

229

229

229

229

229

229

229

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

312

Course development - net of accumulated amortization of $2,338 and $2,227 at May 31, 2019 and May 31, 2018, respectively

1,332

1,557

1,670

1,724

1,715

812

1,086

1,114

1,111

1,086

1,076

958

817

734

756

771

804

853

888

937

1,000

1,053

1,113

1,125

1,107

1,143

1,194

1,239

1,241

1,191

1,110

1,035

956

Goodwill

363

363

363

363

363

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangibles - net of accumulated amortization of $51 and $22 at February 28, 2019 and May 31, 2018, respectively

-

178

192

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangibles - net of accumulated amortization of $64 and $22 at May 31, 2019 and May 31, 2018, respectively

165

-

-

-

207

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,109

-

-

-

375

-

-

-

853

-

-

-

998

-

-

-

1,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets of discontinued operations

69

-

-

-

306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

9

47

-

0

0

422

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable - tenant improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,308

1,329

1,766

-

0

-

-

-

-

-

-

-

-

Deposit on property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

-

-

-

-

-

-

-

-

-

-

-

-

Deposit on property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100

50

-

150

1,556

-

0

-

-

-

-

-

-

-

-

Total other assets

19,077

1,241

1,255

901

13,142

597

730

802

2,814

745

756

903

3,179

1,076

1,063

1,122

2,713

1,195

1,213

1,367

1,355

1,347

1,337

1,373

1,397

1,240

1,216

1,176

1,130

1,124

1,061

991

906

Total other assets

-

11,903

13,298

13,178

-

3,078

2,244

2,577

-

2,681

2,682

3,133

-

2,743

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,752

2,590

-

2,737

2,890

3,043

4,919

5,118

7,341

4,067

4,594

4,665

5,393

5,394

5,350

5,294

5,147

5,002

4,838

TOTAL

38,045

32,189

34,900

45,600

48,807

43,255

46,650

51,385

57,592

59,622

63,587

64,382

68,526

73,759

77,195

82,057

86,544

88,817

90,297

88,389

88,457

87,301

89,588

86,278

88,082

88,422

84,105

82,895

83,098

92,276

92,534

78,432

77,938

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of capital lease payable

432

419

406

392

380

367

355

342

331

319

307

296

285

275

265

254

244

234

224

215

206

197

188

73

66

59

53

47

40

112

106

-

0

Current portion of long-term debt

800

800

800

800

800

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of lease acceleration payable

-

1,914

1,553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

2,763

4,052

3,281

3,555

1,496

2,643

3,305

3,098

3,076

2,580

3,582

2,773

2,913

3,202

3,205

3,202

3,246

4,826

3,695

3,904

3,411

3,622

4,776

4,567

5,403

4,208

4,040

5,613

4,175

7,618

6,204

5,294

4,430

Dividends payable

-

-

-

-

-

0

0

1,097

1,094

1,093

1,090

1,092

1,090

1,092

1,100

1,140

1,139

1,137

1,135

1,136

1,134

1,133

1,134

1,131

1,004

1,026

1,025

1,032

840

877

898

827

831

Student accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

616

1,225

1,003

-

1,201

1,128

1,236

1,067

1,056

808

663

659

835

793

747

400

Income taxes payable

31

79

84

77

70

105

131

120

113

92

91

126

110

72

201

137

1

0

1,752

1,381

1,158

120

190

-

0

4

10

-

-

174

157

-

-

Deferred income

2,798

3,169

3,115

4,122

2,026

3,312

1,975

1,884

1,691

1,590

913

1,428

1,649

1,841

788

865

1,459

519

270

208

1,310

406

255

215

195

386

253

221

236

291

296

265

294

Accrued and other liabilities

1,876

-

-

-

2,522

-

-

-

5,906

-

-

-

5,861

-

-

-

6,746

-

-

-

7,347

-

-

-

-

-

-

-

-

-

-

-

-

Current liabilities of discontinued operations

5,386

-

-

-

3,795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-

3,364

3,288

4,523

-

5,240

5,355

5,323

-

5,673

6,344

5,335

-

4,472

5,235

5,437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,681

6,718

5,433

-

6,068

7,154

6,747

6,966

8,148

6,361

5,983

6,717

6,302

5,107

5,150

6,403

Total current liabilities

14,086

13,797

12,527

13,469

11,089

11,667

11,121

11,864

12,211

11,347

12,327

11,050

11,908

10,954

10,794

11,035

12,835

13,013

15,019

13,280

14,566

12,747

14,825

13,969

14,701

14,887

12,550

13,559

12,667

16,209

13,561

12,283

12,358

DEFERRED INCOME TAXES

-

-

-

-

-

0

0

0

194

943

40

-

0

3,224

3,283

3,283

3,283

4,372

4,165

4,165

4,168

5,224

5,600

5,600

5,720

5,098

5,098

5,098

5,098

2,827

2,827

2,827

2,827

OTHER LONG-TERM LIABILITIES

131

1,296

1,639

2,350

505

2,870

3,081

3,293

4,010

4,081

4,296

4,485

4,686

5,595

5,728

5,888

6,047

6,174

6,191

6,310

6,431

6,527

6,579

6,549

6,479

5,768

4,431

4,197

4,161

7,210

4,879

4,471

4,248

CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION

10,425

10,538

10,650

10,756

10,857

10,957

11,056

11,148

11,237

11,324

11,410

11,490

11,567

11,643

11,717

11,786

11,853

11,918

11,982

12,041

12,097

12,152

12,206

10,374

10,394

10,413

10,432

10,447

10,460

12,137

12,133

-

0

LONG-TERM DEBT, NET OF CURRENT PORTION

-

7,200

7,200

7,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LONG-TERM LEASE ACCELERATION PAYABLE, NET OF CURRENT PORTION

-

3,285

2,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LONG-TERM DEBT, NET OF CURRENT PORTION

15,700

-

-

-

7,200

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS

5,861

-

-

-

2,183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMMITMENTS AND CONTINGENCIES (Note 17)

-

-

-

0

-

0

0

0

0

-

-

-

0

-

-

-

-

0

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

STOCKHOLDERS' EQUITY:
Common stock, $0.0001 par value (50,000,000 authorized; 29,053,894 issued and 24,650,083 outstanding as of May 31, 2019; 28,685,195 issued and 24,344,122 outstanding as of May 31, 2018)

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

Additional paid-in capital

59,476

59,445

59,400

59,337

59,305

59,258

59,206

59,117

59,060

59,036

59,012

59,009

58,893

58,765

58,692

58,396

58,336

58,274

58,213

59,565

59,191

58,859

58,564

58,193

57,656

57,542

57,451

57,282

57,203

57,157

56,998

56,848

56,643

Accumulated deficit

-45,209

-40,942

-36,377

-25,070

-19,873

-19,024

-15,317

-11,540

-6,622

-4,602

-976

869

4,012

6,068

9,036

11,307

13,751

14,631

14,302

12,611

11,573

11,369

11,383

11,153

12,610

12,467

11,892

10,051

11,239

10,502

10,830

9,762

9,549

Treasury stock, at cost (4,432,160 shares at May 31, 2019, and 4,341,073 shares at May 31, 2018)

22,510

22,509

22,503

22,496

22,496

22,494

22,494

22,488

22,481

22,481

22,481

22,479

22,477

22,416

21,965

19,542

19,455

19,448

19,442

19,430

19,423

19,416

19,407

19,399

19,359

17,620

17,596

17,589

17,589

13,615

8,577

7,648

7,505

Accumulated other comprehensive loss, net of taxes - unrealized loss on available for sale securities

-

-

-

-

-

0

-9

-10

-4

-4

-7

2

-2

-4

-4

-2

-1

0

-2

-8

-3

-9

0

2

7

2

0

3

25

18

39

60

72

Total National American University Holdings, Inc. stockholders' equity

-8,240

-4,003

523

11,774

16,939

17,743

21,389

25,082

29,956

31,952

35,551

37,404

40,429

42,416

45,762

50,162

52,634

53,460

53,074

52,741

51,341

50,806

50,543

49,952

50,917

52,394

51,750

49,750

50,881

54,065

59,293

59,025

58,762

Non-controlling interest

82

76

61

51

34

18

3

-2

-16

-25

-37

-47

-64

-73

-89

-97

-108

-120

-134

-148

-146

-155

-165

-166

-129

-138

-156

-156

-169

-172

-159

-174

-257

Total stockholders' equity

-8,158

-3,927

584

11,825

16,973

17,761

21,392

25,080

29,940

31,927

35,514

37,357

40,365

42,343

45,673

50,065

52,526

53,340

52,940

52,593

51,195

50,651

50,378

49,786

50,788

52,256

51,594

49,594

50,712

53,893

59,134

58,851

58,505

TOTAL

38,045

32,189

34,900

45,600

48,807

43,255

46,650

51,385

57,592

59,622

63,587

64,382

68,526

73,759

77,195

82,057

86,544

88,817

90,297

88,389

88,457

87,301

89,588

86,278

88,082

88,422

84,105

82,895

83,098

92,276

92,534

78,432

77,938