Strategic Education Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
STRA$54.59+3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| December 31, 2022 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $213,667 | $168,481 |
| Marketable securities | 9,156 | 39,728 |
| Tuition receivable, net | 62,953 | 76,102 |
| Other current assets | 43,285 | 44,758 |
| Total current assets | 329,061 | 329,069 |
| Property and equipment, net | 132,845 | 118,529 |
| Right-of-use lease assets | 125,248 | 119,202 |
| Marketable securities, non-current | 13,123 | 483 |
| Intangible assets, net | 260,541 | 251,623 |
| Goodwill | 1,251,277 | 1,251,888 |
| Other assets | 49,652 | 54,419 |
| Total assets | $2,161,747 | $2,125,213 |
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $90,588 | $90,888 |
| Income taxes payable | 6,989 | 2,200 |
| Contract liabilities | 88,488 | 92,341 |
| Lease liabilities | 23,879 | 24,190 |
| Total current liabilities | 209,944 | 209,619 |
| Long-term debt | 101,396 | 61,400 |
| Deferred income tax liabilities | 34,605 | 28,338 |
| Lease liabilities, non-current | 134,006 | 127,735 |
| Other long-term liabilities | 46,006 | 45,603 |
| Total liabilities | 525,957 | 472,695 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, par value $0.01; 32,000,000 shares authorized; 24,402,891 and 24,406,816 shares issued and outstanding at December 31, 2022 and 2023, respectively | 244 | 244 |
| Additional paid-in capital | 1,510,924 | 1,517,650 |
| Accumulated other comprehensive loss | (35,068) | (34,247) |
| Retained earnings | 159,690 | 168,871 |
| Total stockholders’ equity | 1,635,790 | 1,652,518 |
| Total liabilities and stockholders’ equity | $2,161,747 | $2,125,213 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.