Grand Canyon Education (LOPE) FY2021 results: revenue $897 million, up 6.2% on the year
Grand Canyon Education, Inc. (LOPE) reported revenue of $897 million for fiscal 2021, the year ended 31 December 2021, up 6.2% on the year before. Net income was $260 million, up 1.2%, and diluted earnings per share $5.92. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$897 million
+6.2% on the year
FY2014FY2021
Operating margin
31.5%
32.9% a year earlier
FY2014FY2021
Net income
$260 million
+1.2% on the year
FY2014FY2021
Diluted EPS
$5.92
+8.6% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
313
309
306
+1.4%
Capital expenditure
28.9
29.4
22.4
-1.8%
Free cash flow
284
279
284
+1.7%
Free cash flow margin
31.7%
33.1%
36.5%
Cash from investing
951
-19.4
-406
Cash from financing
-909
-166
40.1
Depreciation and amortisation
21.4
20.8
18.4
+2.9%
Share-based compensation
11.5
10.7
10.3
+8.1%
Buybacks
804
134
43.9
+499.8%
Diluted shares, weighted
44m
47m
48m
-6.8%
Shares outstanding at period end
38m
47m
48m
-19.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,045
1,574
1,443
-33.6%
Debt
53.8
108
141
-50.1%
Operating lease liabilities
53.8
56.6
25.5
-5.0%
Other liabilities
70.2
106
80.4
-33.7%
Total liabilities and equity
1,223
1,845
1,690
-33.7%
Fixed assets
136
129
120
+5.8%
Goodwill
161
161
161
0.0%
Intangible assets
185
194
202
-4.3%
Investments
0.0
n/a
n/a
Cash and equivalents
601
246
122
+144.5%
Receivables
70.1
62.2
48.9
+12.7%
Other assets
69.6
1,054
1,037
-93.4%
Total assets
1,223
1,845
1,690
-33.7%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.