Grand Canyon Education

Since 1949, Grand Canyon University has been a premier private university in Arizona, helping students find their purpose and achieve their potential through landing the career of their dreams, advancing their career, and changing careers. As a Christian university, GCU also encourages students to find their purpose in Christ, with an emphasis on applying Christian values and ethics to the workplace.
Type
Public
HQ
Phoenix, US
Founded
1949
Size (employees)
3,850 (est)+6%
Website
gcu.edu
Grand Canyon Education was founded in 1949 and is headquartered in Phoenix, US

Grand Canyon Education Office Locations

Grand Canyon Education has offices in Phoenix, Virginia Beach, Tucson, Valencia and in 88 other locations
Phoenix, US (HQ)
3300 W Camelback Rd
Show all (92)

Grand Canyon Education Data and Metrics

Grand Canyon Education Financial Metrics

Grand Canyon Education's revenue was reported to be $248.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

248.2 m

Net income (Q1, 2017)

55.9 m

EBIT (Q1, 2017)

76.6 m

Market capitalization (21-Jul-2017)

3.8 b

Cash (31-Mar-2017)

88.5 m
Grand Canyon Education's current market capitalization is $3.8 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

385.6 m598.3 m691.1 m778.2 m873.3 m

Revenue growth, %

15%13%12%

Sales and marketing expense

21 m

General and administrative expense

10.3 m

Operating expense total

455.1 m136.4 m152.8 m168 m

EBIT

143.3 m180.8 m210.4 m76.7 m

EBIT margin, %

24%26%27%9%

Interest expense

889 k720 k699 k2.2 m1.8 m1.2 m497 k

Pre tax profit

144.9 m53.5 m62 m76.4 m

Income tax expense

22.2 m31 m44 m56.2 m68.2 m77.6 m28.4 m

Net Income

88.7 m111.5 m131.4 m148.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

158.6 m175.1 m194.1 m174.7 m193.4 m227 m191.3 m210.4 m248.2 m

Sales and marketing expense

15.8 m16.5 m20 m18.4 m19.4 m21.1 m22.1 m23.9 m24.6 m

General and administrative expense

9 m11.6 m9.4 m9.5 m12.5 m10.7 m8.8 m13.4 m9.9 m

Operating expense total

24.7 m28.1 m29.4 m28 m31.9 m31.8 m31 m37.3 m34.6 m

EBIT

37.9 m46 m56 m42.3 m49 m68.7 m44.7 m47.1 m76.6 m

EBIT margin, %

24%26%29%24%25%30%23%22%31%

Interest expense

(356 k)(576 k)(375 k)(146 k)(313 k)(329 k)(158 k)(344 k)(580 k)

Pre tax profit

37.7 m45.4 m55.9 m42.2 m48.9 m70.4 m44.9 m44.4 m76.1 m

Income tax expense

14.7 m16.4 m21.7 m16.5 m15.5 m26.7 m17.3 m15.2 m20.1 m

Net Income

49.4 m78.4 m34.2 m60 m93.3 m43.7 m71.3 m100.5 m55.9 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

62.6 m33.6 m21.2 m105.1 m55.8 m65.2 m23 m46 m

Accounts Receivable

7.2 m7.6 m8.3 m10 m

Current Assets

263.7 m267 m221.3 m230.1 m

PP&E

339.6 m478.2 m667.5 m855.5 m

Goodwill

2.9 m2.9 m2.9 m2.9 m

Total Assets

616.1 m755.7 m898.4 m1.1 b

Accounts Payable

24.2 m22.7 m34.1 m24.8 m

Total Debt

697 k

Current Liabilities

165.6 m178.7 m188.5 m226.8 m

Total Liabilities

318.8 m

Additional Paid-in Capital

132.9 m158.5 m177.2 m212.6 m

Retained Earnings

259.5 m371 m502.4 m650.9 m

Total Equity

344.8 m476.2 m610.3 m773.7 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.8 x1.6 x1.5 x1.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

20.2 m56.5 m86.2 m50.7 m78.2 m48.8 m44.6 m75.1 m88.5 m

Accounts Receivable

8.5 m8.3 m6.7 m8.2 m9.5 m7.5 m9.1 m10.4 m9 m

Current Assets

261.1 m275.2 m278.1 m231.1 m263.2 m226.1 m200.2 m232.1 m277.9 m

PP&E

416.2 m469.3 m527.7 m588.3 m639.6 m725.1 m794 m832.7 m870.3 m

Goodwill

2.9 m2.9 m2.9 m2.9 m2.9 m2.9 m2.9 m2.9 m2.9 m

Total Assets

688.5 m755.5 m815.6 m828.9 m912.6 m960.7 m1 b1.1 b1.2 b

Accounts Payable

33.3 m32.9 m34.3 m36.4 m41.5 m38 m39.3 m28.9 m24.1 m

Current Liabilities

179.9 m218.3 m202.4 m189.5 m238.8 m222.7 m233.1 m266.1 m235.1 m

Additional Paid-in Capital

151.5 m154.6 m165.7 m170.2 m173.3 m186.8 m195.3 m203.5 m218.7 m

Retained Earnings

308.9 m337.9 m405.2 m430.9 m464.3 m546.1 m573.7 m602.9 m706.8 m

Total Equity

407.3 m439.5 m513.2 m543.3 m579.6 m644.2 m680.3 m716.8 m826.5 m

Financial Leverage

1.7 x1.7 x1.6 x1.5 x1.6 x1.5 x1.5 x1.5 x1.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

88.7 m111.5 m131.4 m148.5 m

Depreciation and Amortization

25.4 m29.5 m35.7 m45.7 m

Accounts Receivable

(19 m)(15 m)(17 m)(20.3 m)

Accounts Payable

8.6 m(2.4 m)5 m(4.8 m)

Cash From Operating Activities

118.4 m167 m173.9 m218.3 m

Capital Expenditures

(78.9 m)(168.6 m)(204.7 m)(178.3 m)

Cash From Investing Activities

(172.5 m)(161 m)(200.9 m)(216 m)

Cash From Financing Activities

4.8 m3.4 m(15.2 m)20.7 m

Interest Paid

2.2 m1.8 m1.2 m1.2 m

Income Taxes Paid

59.9 m48.8 m75.6 m66.2 m

Free Cash Flow

197.4 m335.6 m378.6 m40 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

49.4 m78.4 m34.2 m60 m93.3 m43.7 m71.3 m100.5 m55.9 m

Depreciation and Amortization

14 m21.4 m8.2 m16.4 m25.4 m10.5 m21.2 m32.7 m13.3 m

Accounts Receivable

(8.4 m)(11.9 m)(3.1 m)(8 m)(13.3 m)(3.7 m)(8.7 m)(14.9 m)(3.4 m)

Accounts Payable

(1.2 m)(3 m)(165 k)(1.1 m)1.4 m(7 m)(2.4 m)(3.8 m)1 m

Cash From Operating Activities

89.4 m156.7 m68.2 m81.7 m169 m96.3 m114 m214.5 m109.7 m

Capital Expenditures

(82 m)(141.2 m)(45.7 m)(111.9 m)(169.7 m)(49.8 m)(115.6 m)(157.6 m)(21.7 m)

Cash From Investing Activities

(130.1 m)(159.9 m)(46 m)(94.7 m)(152.9 m)(56 m)(106.7 m)(166 m)(48.6 m)

Cash From Financing Activities

5 m3.8 m(1.3 m)(1.5 m)(3.1 m)(14.5 m)14.2 m3.7 m(33.1 m)

Interest Paid

916 k1.3 m386 k534 k849 k332 k481 k791 k674 k

Income Taxes Paid

14.9 m29.2 m6.8 m40 m54.4 m1.7 m40.2 m50.8 m438 k

Free Cash Flow

7.4 m15.5 m22.5 m(30.2 m)(696 k)46.5 m(1.6 m)56.9 m87.9 m
USDY, 2017

Revenue/Employee

64.5 k

Financial Leverage

1.4 x

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