GRAND CANYON EDUCATION, INC. (LOPE) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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GRAND CANYON EDUCATION, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $45,852,000.00Accounts receivable → Operating adjustments reconciliation: $79,014,000.00Depreciation and amortization → Operating adjustments reconciliation: $8,685,000.00Accrued liabilities → Operating adjustments reconciliation: $6,069,000.00Deferred revenue → Operating adjustments reconciliation: $5,251,000.00Share-based compensation → Operating adjustments reconciliation: $3,456,000.00Amortization of intangible assets → Operating adjustments reconciliation: $2,105,000.00Operating adjustments reconciliation → Net cash from operating activities: $62,795,000.00Operating adjustments reconciliation → Income taxes receivable/payable: $28,355,000.00Operating adjustments reconciliation → Accounts payable: $11,863,000.00Operating adjustments reconciliation → Deferred income taxes: $948,000.00Operating adjustments reconciliation → Other assets: $304,000.00Operating adjustments reconciliation → Right-of-use assets and lease liabilities: $240,000.00Operating adjustments reconciliation → Other, including fixed asset disposals: $75,000.00Proceeds from sale or maturity of investments → investing reconciliation: $65,471,000.00investing reconciliation → Net cash from investing activities: $41,548,000.00investing reconciliation → Purchases of investments: $13,160,000.00investing reconciliation → Capital expenditures: $10,734,000.00investing reconciliation → Additions of amortizable content: $29,000.00Net cash used in financing activities → financing reconciliation: $75,280,000.00financing reconciliation → Repurchase of common shares and shares withheld in lieu of income taxes: $75,280,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $96,145,000.00Net cash from operating activities → Cash sources and uses: $108,647,000.00Net cash from investing activities → Cash sources and uses: $41,548,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $171,060,000.00Cash sources and uses → Net cash used in financing activities: $75,280,000.00Net income: $45,852,000.00Net income+$45.85 MShare-based compensation: $3,456,000.00Allocated share-based expense+$3.46 MDepreciation and amortization: $8,685,000.00Depreciation and amortization+$8.69 MAmortization of intangible assets: $2,105,000.00Intangible amortization+$2.11 MDeferred income taxes: -$948,000.00Deferred taxes & credits−$948.00 KOther, including fixed asset disposals: -$75,000.00Other non-cash items−$75.00 KAccounts receivable: $79,014,000.00Accounts receivable+$79.01 MOther assets: -$304,000.00Prepaid & other assets−$304.00 KRight-of-use assets and lease liabilities: -$240,000.00Right-of-use & lease liabilities−$240.00 KAccounts payable: -$11,863,000.00Trade payables−$11.86 MAccrued liabilities: $6,069,000.00Accrued liabilities+$6.07 MIncome taxes receivable/payable: -$28,355,000.00Income taxes payable−$28.36 MDeferred revenue: $5,251,000.00Deferred revenue+$5.25 MNet cash from operating activities: $108,647,000.00Operating cash+$108.65 MOperating adjustments reconciliation: $104,580,000.00Repurchase of common shares and shares withheld in lieu of income taxes: -$75,280,000.00Common stock repurchases−$75.28 MNet cash used in financing activities: -$75,280,000.00. Cash required to fund net payments.Financing cash−$75.28 Mfinancing reconciliation: $75,280,000.00Capital expenditures: -$10,734,000.00Capital expenditures−$10.73 MAdditions of amortizable content: -$29,000.00Additions of amortizable content−$29.00 KLoss on equity investment: $0.00Purchases of investments: -$13,160,000.00Marketable securities purchases−$13.16 MProceeds from sale or maturity of investments: $65,471,000.00Marketable securities proceeds+$65.47 MNet cash from investing activities: $41,548,000.00Investing cash+$41.55 Minvesting reconciliation: $65,471,000.00Cash sources and uses: $246,340,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $96,145,000.00Beginning cash$96.15 MEnding cash: Cash, cash equivalents, and restricted cash: $171,060,000.00Ending cash$171.06 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$97.91 MOperating cash − cash spent on productive assetsCash flow / Net income2.37×Operating cash flow ÷ net incomeNet cash change+$74.92 MEnding cash − beginning cash
Chart details

GRAND CANYON EDUCATION, INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
96,145,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
108,647,000 US dollars. Net cash provided.
Net income
45,852,000 US dollars
Share-based compensation
3,456,000 US dollars
Depreciation and amortization
8,685,000 US dollars
Amortization of intangible assets
2,105,000 US dollars
Deferred income taxes
negative 948,000 US dollars
Other, including fixed asset disposals
negative 75,000 US dollars
Accounts receivable
79,014,000 US dollars
Other assets
negative 304,000 US dollars
Right-of-use assets and lease liabilities
negative 240,000 US dollars
Accounts payable
negative 11,863,000 US dollars
Accrued liabilities
6,069,000 US dollars
Income taxes receivable/payable
negative 28,355,000 US dollars
Deferred revenue
5,251,000 US dollars
Investing activities
41,548,000 US dollars. Net cash provided.
Capital expenditures
negative 10,734,000 US dollars
Additions of amortizable content
negative 29,000 US dollars
Loss on equity investment
0 US dollars
Purchases of investments
negative 13,160,000 US dollars
Proceeds from sale or maturity of investments
65,471,000 US dollars
Financing activities
negative 75,280,000 US dollars. Net cash used.
Repurchase of common shares and shares withheld in lieu of income taxes
negative 75,280,000 US dollars
Operating adjustment reconciliation
104,580,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
75,280,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
65,471,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
171,060,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
246,340,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
74,915,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.37×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
108,647,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
10,734,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
97,913,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $62.80M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 108,647,000 US dollars minus 10,734,000 US dollars equals 97,913,000 US dollars.
GRAND CANYON EDUCATION, INC. (LOPE) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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