Cengage Learning

Key People/Management at Cengage Learning

Michael Hansen

Michael Hansen

Chief Executive Officer
Fernando Bleichmar

Fernando Bleichmar

General Manager, Higher Education and Skills
Alexander Broich

Alexander Broich

President of Cengage Global Businesses
George Moore

George Moore

Chief Technology Officer
Bob Munro

Bob Munro

Chief Financial Officer
Laura Stevens

Laura Stevens

Chief Legal Officer
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Cengage Learning Office Locations

Cengage Learning has offices in Boston, Chicago, Farmington Hills, Independence and in 8 other locations
Boston, MA, US (HQ)
200 Pier Four Blvd #400
Chicago, IL, US
1 N State St #900
Farmington Hills, MI, US
27500 Drake Rd
Independence, KY, US
10650 Toebben Dr
Mason, OH, US
5191 Natorp Blvd #2230
New York, NY, US
75 Greene St 2nd & 3rd floor
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Cengage Learning Financials and Metrics

Summary Metrics

Founding Date

2007
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Cengage Learning Revenue

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Cengage Learning's revenue was reported to be $1.45 b in FY, 2019 which is a 1.4% decrease from the previous period.
USD

Revenue (Q3, 2019)

410.4m

Gross profit (Q3, 2019)

199.0m

Gross profit margin (Q3, 2019), %

48.5%

Net income (Q3, 2019)

11.5m

EBIT (Q3, 2019)

52.9m

Cash (30-Sept-2019)

23.8m
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.5b1.5b1.4b

Revenue growth, %

(10%)0%(1%)

Cost of goods sold

785.4m756.9m757.3m

Gross profit

674.6m709.3m688.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q3, 2019

Revenue

296.0m522.4m326.3m288.3m474.3m310.9m282.6m410.4m

Cost of goods sold

166.9m244.4m173.3m174.4m228.5m174.4m167.0m211.4m

Gross profit

129.1m278.0m153.0m113.9m245.8m136.5m115.6m199.0m

Gross profit Margin, %

44%53%47%40%52%44%41%48%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

352.3m319.3m335.8m

Accounts Receivable

173.6m180.8m202.3m

Prepaid Expenses

51.7m58.3m77.7m

Inventories

112.5m116.8m109.6m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(43.1m)(1.8m)(97.0m)

Depreciation and Amortization

326.9m293.9m281.0m

Inventories

26.8m(3.4m)10.1m

Accounts Payable

(22.2m)29.9m26.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(29.1m)26.3m51.8m(68.5m)(34.1m)(81.1m)(65.8m)(54.3m)

Depreciation and Amortization

69.4m155.3m227.2m65.6m145.3m212.6m59.7m133.6m

Inventories

200.0k300.0k(2.7m)(5.6m)800.0k(1.1m)(5.5m)9.6m

Accounts Payable

12.0m80.5m57.7m(6.3m)26.6m16.8m(29.6m)(30.9m)
USDFY, 2017

Revenue/Employee

307.4k

Debt/Equity

2.4 x

Debt/Assets

0.6 x

Financial Leverage

4.1 x
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Cengage Learning Operating Metrics

Cengage Learning's Users was reported to be 5.1 m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Users

3.8 m4.4 m5.1 m

Users (MindTap)

1.3 m1.8 m2.7 m

Product Types (MindTap)

730880910

Products (Cengage Unlimited)

22 k22 k
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Cengage Learning Acquisitions / Subsidiaries

Company NameDateDeal Size
WebAssignSeptember 23, 2016$50.9 m
PathbriteOctober 27, 2015
Learning ObjectsSeptember 23, 2015
Atomic Dog PublishingApril 04, 2006
Cengage Learning Asia Pte. Ltd.

Cengage Learning Revenue Breakdown

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Cengage Learning revenue breakdown by business segment: 20.4% from International, 15.6% from Gale and 64.0% from Learning

Cengage Learning revenue breakdown by geographic segment: 21.6% from Rest of World and 78.4% from United States

Cengage Learning Online and Social Media Presence

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Cengage Learning News and Updates

Digital Educational Publishing Market to grow by USD 9.03 billion during 2021-2025, Bertelsmann SE & Co. KGaA and Cengage Learning Holdings II Inc. emerge as Key Contributors to growth| Technavio

NEW YORK, May 11, 2021 /PRNewswire/ -- Technavio has been monitoring the digital educational publishing market and it is poised to grow by USD 9.03 billion during 2021-2025, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding...

Digital Education Publishing Market In US- Cengage Learning Inc., Georg von Holtzbrinck GmbH and Co. KG, Houghton Mifflin Harcourt Co., among others to contribute to the market growth

NEW YORK, May 10, 2021 /PRNewswire/ -- The digital education publishing market in the US is poised to grow by USD 2.83 billion during 2021-2025, progressing at a CAGR of over 16% during the forecast period. View our Exclusive report on Market scenarios, Estimates, the impact of lockdown,...

E-learning Market in US to Grow by $ 21.64 Billion During 2020-2024 | Featuring Adobe Inc., Cengage Learning Holdings II Inc., and D2L Corp. among others | Technavio

NEW YORK, March 31, 2021 /PRNewswire/ -- Technavio estimates the e-learning market in the US to grow by USD 21.64 billion, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and...

$ 21.57 Billion Growth in Global Online Language Learning Market 2020-2024 | Featuring Cengage Learning Inc., Duolingo Inc., and EF Education First Ltd. among others | Technavio

NEW YORK, March 19, 2021 /PRNewswire/ -- The online language learning market is expected to grow by USD 21.57 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the online language learning market in...

K-12 Instruction Materials Market Worth Observing Growth: Cengage Learning, Santillana, Gakken

Stay up-to-date with K-12 Instruction Materials Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Online Education Market Analysis 2019-2025 Featuring Leading Players: Coursera, Udacity, Pluralsight, Cengage Learning, and Cornerstone OnDemand

DUBLIN, Dec. 17, 2019 /PRNewswire/ -- The "Online Education Market & Global Forecast, by End User, Learning Mode (Self-Paced, Instructor Led), Technology, Country, Company" report has been added to ResearchAndMarkets.com's offering. This report studies the global online education market....
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Cengage Learning Blogs

How to Run Windows on Mac with Boot Camp

Reading Time: 4 minutes Corinne Hoisington is a Professor of Information Systems Technology at Central Virginia Community College   If you are teaching any sort of Microsoft Office application, you may have run into problems if you work on a Mac, particularly with Access as Microsoft does not offer…

6 Tips for Women in Tech: A SIMPLE Strategy for Breaking into the Industry

Reading Time: 4 minutes By Tanya Mosley, Computer Information Systems Technology Instructor, Chattahoochee Tech, Georgia   In male-dominated industries, some women may face challenges as they try to establish themselves or thrive doing something they love. This was very much true in my case when I …

Master Business Cases: Plug and Play Business Law Activities

Reading Time: 3 minutes By Lisa Elliott, Cengage Business Law Subject Matter Expert and Adjunct Instructor   As adjunct instructors, we often face a number of hurdles in preparing course materials. While students may enjoy the “war stories” of our daily lives practicing law (and most of us enjoy te…

Embracing the Exchange of Ideas in the Health Information Field

Reading Time: 2 minutes Dana McWay is an expert at Health Care, Law and Ethics and the author of Cengage texts Today’s Health Information Management, 3e and Legal and Ethical Aspects of Health Information Management, 5e   Recently, I participated in the annual meeting of the National Advisory Commi…

Managing Student Expectations Around SAM and the Grading Engine

Reading Time: 4 minutes By Ralph Hooper, Austin Community College   Many instructors adopt MindTap Collections or SAM because they believe it will make their lives easier. It provides handy features like automatic grading and sending immediate feedback and remediation tools to their students. While…

Address Readiness Gaps with WebAssign Learn It Modules

Reading Time: 3 minutes Students enter college with a wide range of math expertise, as well as a variety of gaps in prerequisite knowledge. This year, those gaps are even more unpredictable than before due to COVID-related learning loss. This makes it challenging for instructors to support each stu…
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Cengage Learning Frequently Asked Questions

  • When was Cengage Learning founded?

    Cengage Learning was founded in 2007.

  • Who are Cengage Learning key executives?

    Cengage Learning's key executives are Michael Hansen, Fernando Bleichmar and Alexander Broich.

  • How many employees does Cengage Learning have?

    Cengage Learning has 4,390 employees.

  • What is Cengage Learning revenue?

    Latest Cengage Learning annual revenue is $1.4 b.

  • What is Cengage Learning revenue per employee?

    Latest Cengage Learning revenue per employee is $329.3 k.

  • Who are Cengage Learning competitors?

    Competitors of Cengage Learning include Houghton Mifflin Harcourt, Stride and Curriculum Associates.

  • Where is Cengage Learning headquarters?

    Cengage Learning headquarters is located at 200 Pier Four Blvd #400, Boston.

  • Where are Cengage Learning offices?

    Cengage Learning has offices in Boston, Chicago, Farmington Hills, Independence and in 8 other locations.

  • How many offices does Cengage Learning have?

    Cengage Learning has 15 offices.