Income Statement Balance Sheet Cash Flow Statement
Annual Financials for Lincoln Educational Services Corp.
Fiscal year is January-December. All values USD millions. 2009 2010 2011 2012 2013 5-year trend
Sales/Revenue 552.54M 639.49M 512.63M 402.7M 345.02M
Cost of Goods Sold (COGS) incl. D&A 211.3M 239.74M 222.96M 192.21M 172.69M
COGS excluding D&A 187.06M 213.52M 194.5M 165.36M 148.98M
Depreciation & Amortization Expense 24.24M 26.22M 28.46M 26.85M 23.7M
Depreciation 21.1M 23.4M 26.3M 26.55M 23.3M
Amortization of Intangibles 3.14M 2.82M 2.16M 300,000 400,000
Gross Income 341.24M 399.76M 289.67M 210.49M 172.34M
2009 2010 2011 2012 2013 5-year trend
SG&A Expense 252.67M 270.88M 244.4M 204.3M 178.49M
Research & Development 0 0 0 0 0
Other SG&A 252.67M 270.88M 244.4M 204.3M 178.49M
Other Operating Expense 0 0 0 0 0
Unusual Expense 215,000 6.24M 10.38M 33.93M 3.91M
EBIT after Unusual Expense (215,000) (6.24M) (10.38M) (33.93M) (3.91M)
Non Operating Income/Expense 0 53,000 13,000 89,000 524,000
Non-Operating Interest Income 29,000 30,000 50,000 2,000 37,000
Equity in Affiliates (Pretax) 0 0 0 - 0
Interest Expense 4.28M 4.53M 4.37M 4.48M 4.67M
Gross Interest Expense 4.28M 4.53M 4.37M 5.08M 4.67M
Interest Capitalized 0 0 0 600,000 -
Pretax Income 84.11M 118.18M 30.59M (32.12M) (14.17M)
Income Tax 34.87M 48.45M 13.05M (8.24M) 19.59M
Income Tax - Current Domestic 38M 46.02M 9.85M 5.99M (6.66M)
Income Tax - Current Foreign 0 0 0 - -
Income Tax - Deferred Domestic (3.14M) 2.43M 3.2M (14.23M) 26.25M
Income Tax - Deferred Foreign 0 0 0 - -
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 0 0 0 0 0
Other After Tax Income (Expense) 0 - - 0 0
Consolidated Net Income 49.24M 69.73M 17.54M (23.88M) (33.76M)
Minority Interest Expense 0 0 0 0 0
Net Income 49.24M 69.73M 17.54M (23.88M) (33.76M)
Extraordinaries & Discontinued Operations 0 0 0 (13.31M) (17.53M)
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 (13.31M) (17.53M)
Net Income After Extraordinaries 49.24M 69.73M 17.54M (37.19M) (51.29M)
Preferred Dividends 0 0 0 0 0
Net Income Available to Common 49.24M 69.73M 17.54M (23.88M) (33.76M)
EPS (Basic) 1.87 2.86 0.80 (1.68) (2.28)
Basic Shares Outstanding 26.34M 24.42M 22.02M 22.2M 22.51M
EPS (Diluted) 1.82 2.79 0.79 (1.68) (2.28)
Diluted Shares Outstanding 27.1M 25.02M 22.16M 22.2M 22.51M
EBITDA 112.81M 155.1M 73.73M 33.04M 17.55M
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