LINCOLN EDUCATIONAL SERVICES CORPLINC
| 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 | Dec 31,
2024 |
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| Net income | 18 | -37 | -51 | -56 | -3 | -28 | -11 | -7 | 2 | 49 | 35 | 13 | 26 | 10 |
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| Depreciation and amortization | 28 | 27 | 24 | 19 | 15 | 11 | 9 | 8 | 8 | 7 | 7 | 6 | 7 | 11 |
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| Amortization of deferred finance fees | - | - | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | - | - | 0 |
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| Amortization of leased assets | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 2 |
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| Deferred income taxes | 3 | - | - | - | - | - | - | - | - | - | 11 | 1 | 2 | -2 |
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| Loss on sale of assets | -0 | 0 | 1 | -0 | -2 | -0 | 2 | -1 | 1 | 0 | 22 | 0 | 31 | -2 |
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| Amount of gain on insurance proceeds. | - | - | - | - | - | - | - | - | - | - | - | - | - | 3 |
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| Amount of proceeds from insurance. | - | - | - | - | - | - | - | - | - | - | - | - | - | 3 |
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| Impairment of goodwill and long-lived assets | - | - | - | - | - | - | - | - | - | - | - | - | 4 | - |
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| Fixed asset donation | - | - | - | -0 | -0 | -0 | -0 | - | -1 | -0 | -2 | -0 | -0 | -0 |
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| Bad debt expense | 31 | 21 | 16 | 16 | 14 | 15 | 14 | 18 | 21 | 27 | 27 | 35 | 42 | 57 |
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| Stock-based compensation expense | 4 | 4 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 6 | 5 |
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| Accounts receivable | 15 | 19 | 15 | 14 | 13 | 16 | 16 | 24 | 26 | 37 | 26 | 49 | 46 | 66 |
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| Inventories | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | 1 | 0 | -0 | 0 | 0 |
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| Prepaid expenses and current assets | 2 | 1 | 0 | 1 | -0 | -0 | -1 | 0 | 1 | -0 | 1 | 0 | -1 | 1 |
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| Other assets | -1 | -1 | 1 | -0 | 1 | 2 | 1 | 0 | 1 | -0 | 0 | -0 | -1 | -0 |
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| Accounts payable | -6 | -2 | 1 | -3 | 1 | 1 | -3 | 4 | 0 | 1 | -4 | -2 | 5 | 12 |
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| Accrued expenses | -15 | -2 | 1 | 4 | -0 | 1 | -4 | -1 | -2 | 9 | -1 | -7 | 5 | -2 |
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| Unearned tuition | - | - | - | - | - | - | - | -2 | 1 | 0 | 2 | -1 | 3 | 4 |
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| Income taxes payable | -13 | 4 | - | - | - | - | - | - | - | 0 | 1 | 1 | 1 | -2 |
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| Other liabilities | 0 | 0 | 1 | -0 | 0 | 2 | 0 | 2 | -2 | 2 | -2 | -1 | 1 | 0 |
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| Total adjustments | 19 | 53 | 55 | 68 | 18 | 22 | 0 | 5 | -1 | -25 | -7 | -12 | -0 | 19 |
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| Net cash provided by operating activities | 37 | 16 | 3 | 12 | 14 | -6 | -11 | -2 | 1 | 23 | 27 | 1 | 26 | 29 |
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| Capital expenditures | 38 | 9 | 7 | 7 | 2 | 4 | 5 | 5 | 5 | 6 | 8 | 9 | 41 | 57 |
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| Proceeds from sale of property and equipment | 0 | 0 | 1 | 0 | 0 | 0 | 15 | 2 | - | - | 45 | 2 | 33 | 10 |
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| Proceeds from sale of short-term investments | - | - | - | - | - | - | - | - | - | - | - | - | 39 | - |
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| Purchase of short-term investments | - | - | - | - | - | - | - | - | - | - | - | 15 | 24 | - |
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| Net cash (used in) provided by investing activities | -37 | -10 | -6 | -7 | -2 | -2 | 10 | -2 | -5 | -5 | 38 | -21 | 7 | -47 |
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| Payment of deferred finance fees | - | 1 | 1 | - | 3 | 1 | 1 | 0 | 1 | - | - | - | - | 0 |
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| The cash outflow for net share settlement for equity based compensation. | - | - | - | - | - | - | - | - | - | - | - | 2 | 2 | 3 |
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| Dividend payment for preferred stock | - | - | - | - | - | - | - | - | - | 1 | 1 | 1 | - | - |
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| Amount of cash outflow for principal of finance lease. | - | - | - | - | - | - | - | - | - | - | - | - | - | -0 |
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| Amount of cash inflow relating to tenant allowance of finance leases. | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 |
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| Share repurchase | - | - | - | - | - | - | - | - | - | - | - | 9 | 1 | - |
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| Net cash used in financing activities | -39 | 29 | -46 | -5 | 14 | -9 | -5 | -5 | -3 | -19 | -20 | -13 | -3 | -3 |
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| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | - | - | - | - | - | - | - | -9 | -7 | -1 | 45 | -33 | 30 | -21 |
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| Interest | - | - | - | - | - | - | 3 | 2 | 2 | 1 | 2 | 0 | 0 | 2 |
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| Income taxes | -23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 7 | 9 |
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| Liabilities accrued for or noncash purchases of property and equipment | -1 | 2 | 0 | 2 | 1 | 2 | 1 | 0 | 3 | 1 | 3 | 1 | 4 | 8 |
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