2u, inc. (TWOU)
Balance Sheet / TTM
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'13
Assets
Current assets
Cash and cash equivalents

138,200

170,593

154,091

218,723

423,606

449,772

442,226

488,834

182,110

223,370

202,434

37,435

142,889

168,730

156,927

188,251

186,710

183,729

175,324

88,224

83,077

86,929

80,558

104,762

5,699

7,012

Restricted cash

19,286

19,276

16,739

14,761

-

0

-

-

-

-

-

100,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

0

0

0

25,000

25,000

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

75,411

33,655

84,797

71,578

70,262

32,636

49,651

50,031

40,290

14,174

42,332

23,426

28,672

7,860

20,974

5,242

1,262

975

12,688

4,393

4,305

350

10,038

655

632

1,835

Prepaid expenses and other assets

42,103

37,424

39,239

43,136

28,260

14,272

14,878

15,087

15,075

10,509

12,950

8,398

8,855

8,108

7,085

7,163

8,097

6,695

5,191

3,215

5,212

2,709

3,246

2,773

2,871

1,763

Advances to clients

-

-

-

-

-

-

-

-

-

-

-

213

296

-

938

1,125

1,204

1,508

1,163

817

658

-

-

-

324

581

Total current assets

275,000

260,948

294,866

348,198

522,128

521,680

531,755

553,952

237,475

248,053

257,716

170,459

180,712

184,698

185,924

201,781

197,273

192,907

194,366

96,649

93,252

89,988

93,842

108,190

9,526

11,191

Property and equipment, net

56,015

57,643

56,105

57,464

54,098

52,299

51,527

50,264

50,669

49,055

45,025

34,390

29,659

15,596

7,818

3,994

3,604

3,621

7,791

7,353

6,936

6,755

5,841

5,741

5,662

5,231

Right-of-use assets

48,675

43,401

40,391

36,463

33,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

404,733

418,350

414,027

488,747

61,498

61,852

62,955

64,873

75,296

71,988

67,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finite-Lived Intangible Assets, Net

324,976

333,075

336,373

339,269

144,957

136,605

130,692

126,062

114,696

90,761

84,795

-

-

34,131

-

-

-

-

-

-

-

-

-

-

-

-

University payments and other assets, non-current

72,562

73,413

71,808

61,606

48,659

34,918

34,562

30,313

25,972

22,205

21,214

-

-

9,895

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized technology and content development costs, net

-

-

-

-

-

-

-

-

-

-

-

37,402

34,263

-

29,428

26,820

24,514

22,628

16,760

15,373

14,201

13,155

11,825

11,034

9,680

8,904

Advances to clients, non-current

-

-

-

-

-

-

-

-

-

-

-

2,163

2,100

-

1,350

1,350

771

1,042

1,387

1,733

1,204

1,675

1,413

1,150

-

-

Prepaid expenses, non-current

-

-

-

-

-

-

-

-

-

-

-

14,789

10,843

-

6,974

8,123

6,698

7,099

-

-

-

643

-

-

-

-

Other non-current assets

-

-

-

-

-

-

-

-

-

-

-

2,770

3,103

-

3,079

3,768

3,858

3,744

8,259

1,995

1,456

823

1,191

1,745

5,211

3,326

Assets

1,181,961

1,186,830

1,213,570

1,331,747

864,410

807,354

811,491

825,464

504,108

482,062

476,350

261,973

260,680

244,320

234,573

245,836

236,718

231,041

228,563

123,103

117,049

113,039

114,112

127,860

30,079

28,652

Liabilities and stockholders’ equity
Current liabilities
Accounts Payable and Accrued Liabilities, Current

89,198

65,381

59,607

66,468

48,502

27,647

34,513

32,055

30,955

22,629

32,496

4,323

10,829

14,724

4,756

5,588

6,350

4,544

4,330

2,846

7,078

2,293

4,677

4,085

9,264

5,089

Accrued compensation and related benefits

24,167

21,885

27,256

21,472

16,225

23,001

20,137

16,956

13,599

19,017

15,031

17,908

8,823

16,491

13,791

9,987

6,947

13,405

-

-

-

9,088

-

-

-

-

Contract with Customer, Liability, Current

69,822

48,833

58,634

54,600

24,531

8,345

18,953

30,862

21,625

7,024

16,628

7,365

11,719

3,137

3,030

17,587

9,982

2,609

3,818

13,426

6,152

1,906

2,100

12,396

5,777

1,266

Operating Lease, Liability, Current

7,858

7,320

7,104

6,277

4,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

22,324

19,468

-

16,453

16,916

14,237

12,039

20,986

21,881

14,406

10,481

14,720

13,326

9,378

12,025

Other current liabilities

12,414

12,535

12,362

10,329

8,104

9,487

10,708

17,096

15,928

9,330

9,795

-

-

6,717

-

-

-

-

-

-

-

-

-

-

-

-

Refunds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,512

3,077

2,815

-

2,398

2,027

2,040

1,831

Total current liabilities

203,459

155,954

164,963

159,146

102,233

68,480

84,311

96,969

82,107

58,000

73,950

51,920

50,839

41,069

38,030

50,078

37,516

32,597

32,646

41,230

30,451

23,768

23,895

31,834

26,459

20,211

Long-term Debt, Excluding Current Maturities

244,574

246,620

245,856

245,451

-

3,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current lease-related liabilities

-

-

-

-

-

-

-

-

23,485

-

17,626

15,202

13,792

7,620

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Government Grant Obligations, Noncurrent

-

-

-

-

3,500

-

3,500

3,500

3,500

3,500

3,500

3,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

3,118

5,133

6,172

6,440

6,086

6,949

7,001

6,935

9,113

10,087

9,602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability, non-current

73,541

66,974

62,709

58,924

57,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,655

-

-

-

-

-

-

-

-

Rebate reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

407

642

641

-

641

1,566

1,574

1,571

Other liabilities, non-current

986

899

812

737

637

23,416

24,550

24,613

70

22,643

2,160

300

305

394

3,858

2,543

2,579

-

594

612

576

1,260

649

642

1,561

847

Total liabilities

525,678

475,580

480,512

470,698

169,815

102,345

119,362

132,017

118,275

94,230

106,838

70,922

64,936

49,083

41,888

52,621

40,095

35,252

33,647

42,484

31,668

25,028

25,185

34,042

29,594

22,629

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,134

98,047

Stockholders’ equity
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

-

0

-

-

Common stock, $0.001 par value, 200,000,000 shares authorized, 63,703,067 shares issued and outstanding as of March 31, 2020; 63,569,109 shares issued and outstanding as of December 31, 2019

64

63

63

63

58

58

58

57

53

53

52

48

47

47

47

47

46

46

46

42

41

41

40

40

8

8

Additional paid-in capital

1,218,632

1,197,379

1,180,298

1,161,321

969,143

957,631

948,070

936,664

596,529

588,289

579,422

382,609

375,549

371,455

366,694

360,466

355,538

351,324

347,051

224,523

219,656

216,818

213,718

211,272

9,242

7,817

Accumulated deficit

-539,494

-479,388

-434,804

-293,692

-265,720

-244,166

-248,998

-239,054

-220,707

-205,836

-206,345

-191,606

-179,852

-176,265

-174,056

-167,298

-158,961

-155,581

-152,181

-143,946

-134,316

-128,848

-124,831

-117,494

-106,899

-99,849

Accumulated other comprehensive loss

-22,919

-6,804

-12,499

-6,643

-8,886

-8,514

-7,001

-4,220

9,958

5,326

-3,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity Attributable to Parent

656,283

711,250

733,058

861,049

694,595

705,009

692,129

693,447

385,833

387,832

369,512

191,051

195,744

195,237

192,685

193,215

196,623

195,789

194,916

80,619

85,381

88,011

88,927

93,818

-97,649

-92,024

Total liabilities and stockholders’ equity

1,181,961

1,186,830

1,213,570

1,331,747

864,410

807,354

811,491

825,464

504,108

482,062

476,350

261,973

260,680

244,320

234,573

245,836

236,718

231,041

228,563

123,103

117,049

113,039

114,112

127,860

30,079

28,652