| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
627,916 | 574,671 | 526,588 | 479,753 | 441,715 | 411,769 | 383,352 | 346,639 | 314,211 | 286,752 | 257,424 | 239,134 | 223,249 | 205,864 | 191,766 | 176,898 | 163,026 | 150,194 | 137,698 | 129,013 | 118,519 | 110,239 | 104,286 | 96,378 | 90,325 | 83,127 | 0 | 0 | 0 |
Costs and expenses | ||||||||||||||||||||||||||||
Curriculum and teaching | ||||||||||||||||||||||||||||
77,047 | 63,270 | 47,970 | 32,985 | 25,684 | 23,290 | 21,482 | 16,923 | 10,916 | 6,609 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Servicing and support | ||||||||||||||||||||||||||||
109,249 | 98,890 | 89,605 | 78,840 | 72,144 | 67,203 | 62,561 | 58,914 | 55,075 | 50,767 | 48,181 | 45,593 | 42,395 | 40,982 | 38,872 | 36,366 | 34,009 | 32,047 | 30,310 | 29,063 | 28,160 | 26,858 | 26,048 | 25,292 | 23,948 | 22,718 | 0 | 0 | 0 |
Technology and content development | ||||||||||||||||||||||||||||
131,189 | 115,473 | 98,345 | 80,574 | 69,766 | 63,812 | 58,282 | 54,656 | 50,561 | 45,926 | 41,576 | 37,511 | 35,213 | 33,283 | 32,316 | 30,728 | 28,352 | 27,211 | 25,085 | 23,729 | 23,081 | 22,621 | 23,746 | 23,133 | 21,911 | 19,472 | 0 | 0 | 0 |
Marketing and sales | ||||||||||||||||||||||||||||
364,649 | 342,395 | 309,264 | 276,291 | 244,918 | 221,015 | 209,682 | 190,445 | 169,311 | 150,923 | 140,529 | 127,383 | 117,624 | 106,610 | 99,535 | 92,937 | 86,980 | 82,911 | 78,976 | 74,380 | 69,564 | 65,218 | 62,148 | 60,589 | 57,574 | 54,103 | 0 | 0 | 0 |
General and administrative | ||||||||||||||||||||||||||||
151,650 | 131,020 | 113,137 | 90,071 | 84,143 | 82,989 | 81,167 | 79,420 | 70,870 | 62,665 | 57,882 | 52,224 | 49,238 | 46,021 | 43,024 | 39,932 | 37,859 | 34,123 | 30,032 | 27,858 | 24,695 | 23,420 | 21,493 | 19,459 | 17,405 | 14,840 | 0 | 0 | 0 |
Total costs and expenses | ||||||||||||||||||||||||||||
904,163 | 821,427 | 728,700 | 558,761 | 496,655 | 458,309 | 433,174 | 400,358 | 356,733 | 316,890 | 289,960 | 262,711 | 244,470 | 226,896 | 213,747 | 199,963 | 187,200 | 176,292 | 164,403 | 155,030 | 145,500 | 138,117 | 133,435 | 128,473 | 120,838 | 111,133 | 0 | 0 | 0 |
Loss from operations | ||||||||||||||||||||||||||||
-276,247 | -246,756 | -202,112 | -79,008 | -54,940 | -46,540 | -49,822 | -53,719 | -42,522 | -30,138 | -32,536 | -23,577 | -21,221 | -21,032 | -21,981 | -23,065 | -24,174 | -26,098 | -26,705 | -26,017 | -26,981 | -27,878 | -29,149 | -32,095 | -30,513 | -28,006 | 0 | 0 | 0 |
Interest income | ||||||||||||||||||||||||||||
3,964 | 5,800 | 7,207 | 8,082 | 7,180 | 5,173 | 3,157 | 1,376 | 517 | 371 | 430 | 449 | 487 | 383 | 314 | 298 | 231 | 167 | 103 | 112 | 119 | 92 | 67 | 42 | 21 | 26 | 0 | 0 | 0 |
Interest Expense | ||||||||||||||||||||||||||||
18,857 | 13,419 | 8,157 | 2,533 | 136 | 108 | 131 | 140 | 114 | 87 | 37 | 1 | 9 | 35 | -138 | -265 | -400 | -552 | -498 | -547 | -555 | -1,213 | -1,109 | -932 | -803 | -27 | 0 | 0 | 0 |
Other expense, net | ||||||||||||||||||||||||||||
-2,608 | -707 | -1,322 | -885 | -1,697 | -1,722 | -1,387 | -1,055 | -1,261 | -866 | 0 | 0 | 0 | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - |
Total other income (expense) | ||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 348 | - | - | - | -635 | -645 | -435 | -436 | -1,121 | -1,012 | -862 | -744 | 53 | 0 | 0 | 0 |
Loss before income taxes | ||||||||||||||||||||||||||||
-293,748 | -255,082 | -204,384 | -74,344 | -49,593 | -43,197 | -48,183 | -53,538 | -43,380 | -30,720 | -33,115 | -24,160 | -20,743 | -20,684 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Income tax benefit | ||||||||||||||||||||||||||||
-19,974 | -19,860 | -18,578 | -19,706 | -4,580 | -4,867 | -5,530 | -6,090 | -2,525 | -1,297 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net loss | ||||||||||||||||||||||||||||
-273,774 | -235,222 | -185,806 | -54,638 | -45,013 | -38,330 | -42,653 | -47,448 | -40,855 | -29,423 | -32,141 | -24,160 | -20,743 | -20,684 | -21,875 | -23,352 | -24,645 | -26,733 | -27,350 | -26,452 | -27,417 | -28,999 | -30,161 | -32,957 | -31,257 | -27,953 | 0 | 0 | 0 |
Net loss per share, basic and diluted (in dollars per share) | ||||||||||||||||||||||||||||
-0.94 | -0.69 | -2.31 | -0.46 | -0.37 | - | - | - | - | - | - | - | - | -0.05 | -0.14 | -0.18 | -0.07 | -0.07 | -0.20 | -0.23 | -0.13 | -0.10 | -0.18 | -0.27 | -0.92 | -0.69 | -1.37 | -1.20 | -0.51 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | ||||||||||||||||||||||||||||
63,626 | 63,503 | 63,403 | 60,529 | 58,138 | - | - | - | - | - | - | - | - | 47,075 | 46,903 | 46,494 | 45,953 | 45,651 | 41,645 | 41,362 | 40,978 | 40,577 | 40,269 | 39,304 | 7,698 | 7,528 | 7,415 | 7,398 | 7,386 |
Other comprehensive loss | ||||||||||||||||||||||||||||
Foreign currency translation adjustments, net of tax of $0 for all periods presented | ||||||||||||||||||||||||||||
-14,033 | 1,710 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Comprehensive loss | ||||||||||||||||||||||||||||
-287,807 | -233,512 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |