LINCOLN EDUCATIONAL SERVICES CORP

For the period ended Jun 30, 2024. Filed Aug 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 8, 2024

LINC$22.00+24.6%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

Item 1.	FINANCIAL STATEMENTS

CONDENSEDCONSOLIDATED BALANCESHEETS

	June 30,	December 31,
	2024	2023
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$66,987	$75,992
Restricted cash	-	4,277
Accounts receivable, less allowance for credit losses of $39,355 and $34,441 at June 30, 2024 and December 31, 2023, respectively	43,581	35,692
Inventories	2,345	2,948
Prepaid income taxes and income taxes receivable	2,388	-
Prepaid expenses and other current assets	4,090	5,556
Assets held for sale	-	10,198
Total current assets	119,391	134,663
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $142,957 and $140,161 at June 30, 2024 and December 31, 2023, respectively	59,495	50,857
OTHER ASSETS:
Noncurrent receivables, less allowance for credit losses of $18,876 and $19,370 at June 30, 2024 and December 31, 2023, respectively	17,058	17,504
Deferred finance charges	399	-
Deferred income taxes, net	22,796	23,217
Operating lease right-of-use assets	106,603	89,923
Finance lease right-of-use assets	27,580	15,797
Goodwill	10,742	10,742
Other assets, net	1,372	1,787
Pension plan assets, net	943	759
Total other assets	187,493	159,729
TOTAL ASSETS	$366,379	$345,249

Index

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.