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  1. US-listed companies
  2. LINCOLN EDUCATIONAL SERVICES CORP

LINCOLN EDUCATIONAL SERVICES CORPLINC

Market cap
$397.63M
P/E ratio
15.3x
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Income statementBalance sheetCash flow
Dec 31,
2011		Dec 31,
2012		Dec 31,
2013		Dec 31,
2014		Dec 31,
2015		Dec 31,
2016		Dec 31,
2017		Dec 31,
2018		Dec 31,
2019		Dec 31,
2020		Dec 31,
2021		Dec 31,
2022		Dec 31,
2023
Cash and cash equivalents27621312382115182438834676
Restricted cash-----------44
Short-term investments-----------15-
Accounts receivable, less allowance of $34,441 and $28,560 at December 31, 2023 and 2022, respectively20171614101016192130263736
Inventories3321112122333
Prepaid expenses and other current assets3334322244556
Asset held for sale----------5510
Total current assets731001041131056645575074122114135
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $146,367 and $153,335 at December 31, 2022 and 2021, respectively18015412770675553494948232451
Noncurrent receivables, less allowance of $19,370 and $6,810 at December 31, 2023 and 2022, respectively6676569121516202318
Deferred income taxes, net---------36242223
Operating lease right-of-use assets--------4955919390
Net goodwill balance97666222151515151515151511
Finance lease right-of-use assets------------16
Other assets, net5442111111112
Net goodwill balance97666222151515151515151511
Total other assets-------4095123151153160
Other assets, net5442111111112
Noncurrent assets------------1
Total other assets-------4095123151153160
TOTAL ASSETS362347306214210163155146195245295292345
Current portion of credit agreement--------22---
Unearned tuition-------232323252427
Unearned tuition-------232323252427
Accounts payable15141512131411141516121018
Accounts payable15141512131411141516121018
Accrued expenses111011141213121181716914
Accrued expenses111011141213121181716914
Income taxes payable-----------23
Income taxes payable-----------23
Current portion of operating lease liabilities--------99111012
Current portion of operating lease liabilities--------99111012
Current portion of finance lease liabilities------------0
Other short-term liabilities1011111200000
Total current liabilities71595783716847655767665573
Long-term credit agreement----353053343215---
Pension plan liabilities772565444421-
Pension plan liabilities772565444421-
Long-term portion of operating lease liabilities--------4653869189
Long-term portion of operating lease liabilities--------4653869189
Long-term portion of finance lease liabilities------------16
Other long-term liabilities1110-11003--0
Total liabilities123148161131129108109106140142154147178
Preferred stock, no par value - authorized 10,000,000 shares at December 31, 2023 and 2022, respectively.--------121212--
Common stock, no par value - authorized 100,000,000 shares at December 31, 2023 and 2022, issued and outstanding 31,359,110 shares at December 31, 2023 and 31,147,925 shares at December 31, 20221411411411411411411411411411411414948
Additional paid-in capital20232426272929293031324649
Treasury stock at cost - zero and 5,910,541 shares at December 31, 2022 and 2021----------83--
Retained earnings1681246662-26-38-44-426405169
Retained earnings1681246662-26-38-44-426405169
Accumulated other comprehensive loss-7-7-4-7-7-6-5-4-3-4-1-1-0
Accumulated other comprehensive loss-7-7-4-7-7-6-5-4-3-4-1-1-0
BALANCE--------121212--
BALANCE--------121212--
TOTAL LIABILITIES, SERIES A CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY362347306214210163155146195245295292345