Universal technical institute, inc (UTI)
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'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
Assets
Current assets:
Cash and cash equivalents

76,606

70,533

65,442

42,689

52,925

58,649

58,104

55,968

82,245

86,450

50,138

35,077

88,984

102,859

119,045

103,245

40,433

32,443

29,438

10,895

16,367

33,044

38,985

25,129

34,343

36,934

35,657

23,916

28,536

30,197

45,665

58,524

58,281

51,067

53,670

37,141

48,974

Restricted cash

14,235

-

15,113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

14,930

-

13,534

14,019

-

14,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

14,782

-

13,419

13,081

14,143

14,822

13,598

14,702

15,066

5,956

3,260

2,415

4,796

5,824

4,548

8,199

6,617

6,544

2,737

4,811

5,902

5,748

1,156

2,107

-

104

-

-

-

-

-

-

Trading securities

-

-

-

-

-

-

-

0

0

0

40,020

39,790

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held-to-maturity investments

41,510

-

0

-

-

-

-

243

701

6,804

7,759

9,398

8,984

968

1,691

4,849

10,102

19,076

28,086

44,494

48,244

48,908

45,906

48,143

55,563

55,688

57,531

49,417

50,794

52,092

51,455

33,566

44,453

53,872

50,052

40,391

28,528

Receivables, net

23,771

12,456

17,937

12,032

10,965

10,417

21,106

14,833

12,284

8,969

15,197

10,091

9,972

10,223

15,253

15,027

16,100

22,991

22,409

12,563

9,864

18,609

12,118

7,750

10,470

10,078

11,406

10,584

12,040

10,900

14,910

13,370

11,265

10,644

11,205

16,620

19,253

Notes receivable, current portion

5,105

5,183

5,227

5,150

5,181

5,250

-

5,198

5,098

5,074

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable, current portion

-

-

-

-

-

-

5,183

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

7,126

6,583

7,054

8,997

10,778

11,395

10,320

-

-

-

9,495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

6,906

6,916

7,331

7,402

7,265

7,821

8,027

-

-

-

9,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,811

4,539

4,436

4,485

5,765

7,470

5,984

5,564

5,908

7,452

5,936

5,751

6,424

7,977

6,680

6,222

6,293

8,279

6,348

8,840

Prepaid expenses and other current assets

-

-

-

-

-

-

-

18,836

20,499

19,847

-

19,618

20,347

20,479

20,004

19,293

18,675

19,238

17,761

17,304

17,521

17,663

16,509

17,604

17,065

16,857

15,553

14,683

14,354

15,815

14,873

12,921

12,677

12,810

10,709

10,867

9,836

Total current assets

175,259

116,601

118,104

89,804

101,133

108,314

116,795

108,497

133,908

141,287

146,826

127,572

142,989

149,595

161,949

145,674

87,725

103,355

108,057

94,240

104,680

130,606

127,532

107,347

127,816

131,367

133,347

105,692

113,582

115,428

134,984

125,061

132,898

134,686

133,915

111,367

115,431

Property and equipment, net

74,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held-to-maturity investments, less current portion

-

-

-

-

-

-

-

-

-

-

-

251

724

-

-

0

47

975

1,719

5,002

10,006

9,294

11,257

17,797

11,996

8,023

4,188

14,112

14,959

7,040

4,533

11,896

14,199

8,095

5,830

8,954

3,596

Property and equipment, net

-

73,815

104,126

106,490

110,115

113,014

114,848

113,732

109,163

105,794

106,664

108,452

109,877

111,533

114,033

117,207

119,746

121,109

124,144

116,509

113,376

103,656

106,927

107,095

105,049

107,182

103,070

101,325

92,133

92,459

91,939

89,812

92,220

95,091

100,377

103,472

99,040

Goodwill

8,222

8,222

8,222

8,222

8,222

8,222

8,222

8,222

9,005

9,005

9,005

9,005

9,005

9,005

9,005

9,005

9,005

8,222

8,222

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

20,579

Notes receivable, less current portion

-

-

-

-

-

-

31,194

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable, less current portion

29,322

30,451

29,852

29,597

30,453

31,505

-

32,432

33,702

35,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets for operating leases

136,784

142,869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

19,634

20,248

14,773

12,694

11,638

11,923

11,868

9,936

7,885

8,835

8,805

6,910

4,570

5,576

-

1,569

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,075

-

-

-

-

-

Other assets

9,516

10,103

10,222

9,978

10,414

10,108

11,219

11,109

11,409

11,634

11,607

11,492

12,058

12,040

12,172

13,147

13,339

11,904

11,912

12,127

10,533

10,428

9,851

9,984

9,836

9,839

9,444

9,158

8,932

11,065

10,547

6,232

6,035

5,660

5,328

5,241

3,853

Total assets

433,127

382,061

270,526

244,091

260,337

271,163

282,278

273,992

297,187

302,898

274,102

256,772

274,653

282,173

297,159

285,033

229,862

265,199

274,302

263,230

271,868

286,201

288,069

274,670

285,212

284,875

279,463

259,671

257,095

251,141

268,158

257,655

267,500

264,111

266,029

249,613

242,499

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable and accrued expenses

49,121

43,039

45,878

37,350

43,591

40,516

46,617

38,710

44,300

32,928

37,481

31,336

34,719

30,072

42,545

37,405

34,726

35,659

42,620

42,384

37,335

37,777

38,827

36,151

38,132

38,672

39,229

31,373

31,530

31,186

40,865

39,324

40,040

37,200

36,895

33,417

53,906

Dividends payable

-

1,300

-

1,309

-

1,323

-

1,309

-

1,323

-

1,309

-

1,323

-

101

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

485

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

36,754

42,191

42,886

27,672

36,482

41,374

38,236

25,847

35,590

41,880

41,338

25,040

35,347

42,208

44,491

27,335

39,430

46,303

44,693

30,330

40,680

49,210

46,365

38,579

50,482

47,091

46,890

38,114

46,725

43,249

52,564

44,494

55,036

54,092

61,394

57,309

63,276

Accrued tool sets

2,942

2,740

2,586

2,920

2,899

2,700

2,397

2,706

2,774

2,797

2,764

2,920

2,972

2,953

2,938

3,409

3,372

3,556

3,624

3,709

3,810

3,844

3,806

4,062

3,937

3,910

3,971

4,171

4,224

4,381

4,264

4,525

4,566

4,632

4,723

5,064

5,066

Operating lease liability, current portion

25,453

25,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction liability, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,488

6,172

3,345

1,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing obligation, current portion

-

0

1,554

1,493

1,434

1,376

1,319

1,264

1,210

1,158

1,106

1,056

1,007

959

913

867

823

780

737

675

648

622

5,234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease financing obligation, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,332

546

519

0

-

-

-

-

-

-

-

-

-

-

Income tax payable

-

-

-

-

20

-

-

0

0

334

490

845

427

1,991

0

0

0

0

1,187

0

0

159

4,336

1,086

-

-

79

178

-

-

744

2,021

379

1,887

2,032

-

0

Other current liabilities

1,341

1,798

3,940

3,242

3,727

4,036

3,893

3,428

3,418

3,285

3,210

4,099

4,003

3,649

3,673

3,231

3,008

2,966

3,148

2,504

2,362

2,710

2,515

2,470

2,333

2,245

2,192

2,013

1,848

1,472

1,003

880

768

635

640

77

66

Total current liabilities

115,611

116,974

96,844

73,986

88,153

91,325

92,462

73,264

87,292

83,705

86,389

66,605

78,475

83,155

94,560

72,348

81,359

89,264

96,494

87,090

91,007

97,667

102,335

87,680

95,430

92,437

92,361

75,849

84,327

80,288

99,440

91,244

100,789

98,446

105,684

95,867

122,314

Deferred tax liabilities, net

674

329

329

329

329

329

329

329

329

329

3,141

-

-

-

3,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

-

-

-

-

-

-

-

-

-

-

-

3,141

3,141

3,141

-

3,141

3,141

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,141

2,443

2,233

933

Deferred rent liability

-

0

10,326

9,927

10,265

11,545

12,003

10,914

6,587

6,334

6,887

7,365

8,014

8,478

8,987

9,450

9,912

10,373

10,822

11,252

11,633

12,000

10,323

10,784

11,207

11,455

11,932

12,080

-

-

12,946

-

-

-

-

-

-

Financing obligation

-

0

39,161

39,567

39,961

40,348

40,715

41,061

41,395

41,724

42,035

42,325

42,606

42,881

43,141

43,381

43,613

43,841

44,053

31,959

32,138

32,315

32,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability

124,873

130,813

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease financing obligation, less current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,634

32,787

32,940

0

-

-

-

-

-

-

-

-

-

-

Deferred rent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,484

12,598

-

12,975

12,951

12,162

11,799

10,507

5,621

Construction liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,632

23,747

10,747

7,354

2,421

-

-

-

-

-

-

Other liabilities

6,913

7,672

9,578

9,555

9,395

9,435

10,124

9,815

10,096

9,923

9,874

10,021

10,423

10,375

10,716

11,031

10,738

9,502

9,458

9,538

9,085

9,539

9,741

9,953

10,104

9,704

8,768

7,607

8,119

7,530

7,266

6,071

6,039

5,040

4,680

5,996

5,239

Total liabilities

248,071

255,788

156,238

133,364

148,103

152,982

155,633

135,383

145,699

142,015

148,326

129,457

142,659

148,030

160,545

139,351

148,763

152,980

160,827

139,839

143,863

151,521

154,877

141,051

149,528

146,536

140,693

119,283

115,677

107,770

122,073

110,290

119,779

116,789

124,606

114,603

134,107

Commitments and contingencies (Note 14)

-

-

-

-

-

-

-

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

Shareholders’ equity:
Common stock, $0.0001 par value, 100,000 shares authorized, 32,687 and 32,499 shares issued

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

3

3

3

3

Preferred stock, $0.0001 par value, 10,000 shares authorized; 700 shares of Series A Convertible Preferred Stock issued and outstanding, liquidation preference of $100 per share

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

Paid-in capital - common

140,086

187,010

187,493

188,086

187,919

187,308

186,732

186,372

186,229

185,496

185,140

184,597

184,043

183,161

182,615

181,398

180,481

179,112

178,202

177,311

176,538

175,242

174,376

174,227

173,190

171,461

171,087

171,064

169,937

168,528

166,970

167,158

165,865

163,233

156,497

155,343

150,012

Paid-in capital - preferred

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,853

68,820

68,836

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost, 82 and 6,865 shares

365

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

97,388

96,888

96,888

90,769

90,769

90,769

89,756

89,346

89,346

89,297

89,288

89,288

83,924

83,713

83,713

82,075

76,506

76,506

76,506

Retained deficit

-23,521

-32,205

-44,673

-48,827

-47,153

-40,595

-31,555

-19,231

-6,209

3,919

-30,832

-28,752

-23,526

-20,501

-17,454

-7,186

-2,016

30,473

32,638

42,946

48,335

50,193

49,582

50,158

52,247

56,221

57,026

58,618

60,766

64,128

63,036

63,917

65,566

66,161

61,429

56,170

34,883

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

0

2

9

15

18

19

19

19

20

19

17

11

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

185,056

126,273

114,288

110,727

112,234

118,181

126,645

138,609

151,488

160,883

125,776

127,315

131,994

134,143

136,614

145,682

81,099

112,219

113,475

123,391

128,005

134,680

133,192

133,619

135,684

138,339

138,770

140,388

141,418

143,371

146,085

147,365

147,721

147,322

141,423

135,010

108,392

Total liabilities and shareholders’ equity

433,127

382,061

270,526

244,091

260,337

271,163

282,278

273,992

297,187

302,898

274,102

256,772

274,653

282,173

297,159

285,033

229,862

265,199

274,302

263,230

271,868

286,201

288,069

274,670

285,212

284,875

279,463

259,671

257,095

251,141

268,158

257,655

267,500

264,111

266,029

249,613

242,499