Grand Canyon Education Company profile
About Grand Canyon Education Inc
Grand Canyon Education, Inc. is an education services company that is primarily serving colleges and universities. The Company has developed technological solutions, infrastructure and operational processes to provide services to its institutions on a large scale. It provides technology and academic services, which include a learning management system (LMS), internal administration, infrastructure, support, program and curriculum, faculty and related training and development, class scheduling and skills and simulation lab sites. The Company provides counseling services and support, including admissions services, financial aid, counseling services and field experience counseling. Its marketing and communication services include lead acquisition, digital communications strategy, brand identity, media planning and strategy, video, business intelligence and data science, and market research. Its back-office services include finance and accounting, human resource, audit and procurement.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Grand Canyon Education Inc revenues increased 6% to $896.6M. Net income increased 1% to $260.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Other increase of 11% to $182.8M (expense), Interest income on Secured Note decrease of 12% to $52.1M (income).
Equity composition
Common Stock $0.01 Par, 12/10, 100M auth., 45,811,000 issd., less 50,000 shs. in Treas. @ $782K. Insiders own approx. 8.36%. IPO: 11/20/2008, 10.5M shares @ $12 per shares by Credit Suisses Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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