LINCOLN EDUCATIONAL SERVICES CORP

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 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

	September 30,	December 31,
	2024	2023
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$53,962	$75,992
Restricted cash	-	4,277
Accounts receivable, less allowance for credit losses of $40,094 and $34,441 at September 30, 2024 and December 31, 2023, respectively	53,121	35,692
Inventories	2,711	2,948
Prepaid income taxes and income taxes receivable	2,006	-
Prepaid expenses and other current assets	3,638	5,556
Assets held for sale	-	10,198
Total current assets	115,438	134,663
PROPERTY, EQUIPMENT AND FACILITIES - At cost, net of accumulated depreciation and amortization of $141,357 and $140,161 at September 30, 2024 and December 31, 2023, respectively	75,495	50,857
OTHER ASSETS:
Noncurrent receivables, less allowance for credit losses of $21,935 and $19,370 at September 30, 2024 and December 31, 2023, respectively	19,822	17,504
Deferred finance charges	361	-
Deferred income taxes, net	22,762	23,217
Operating lease right-of-use assets	129,838	89,923
Finance lease right-of-use assets	27,163	15,797
Goodwill	10,742	10,742
Other assets, net	1,365	1,787
Pension plan assets, net	1,036	759
Total other assets	213,089	159,729
TOTAL ASSETS	$404,022	$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.