v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 170,593 $ 449,772
Restricted cash 19,276 0
Investments 0 25,000
Accounts receivable, net 33,655 32,636
Prepaid expenses and other assets 37,424 14,272
Total current assets 260,948 521,680
Property and equipment, net 57,643 52,299
Right-of-use assets 43,401  
Goodwill 418,350 61,852
Amortizable intangible assets, net 333,075 136,605
University payments and other assets, non-current 73,413 34,918
Total assets 1,186,830 807,354
Current liabilities    
Accounts payable and accrued expenses 65,381 27,647
Accrued compensation and related benefits 21,885 23,001
Deferred revenue 48,833 8,345
Lease liability 7,320  
Other current liabilities 12,535 9,487
Total current liabilities 155,954 68,480
Long-term debt 246,620 3,500
Deferred tax liabilities, net 5,133 6,949
Lease liability, non-current 66,974  
Other liabilities, non-current 899 23,416
Total liabilities 475,580 102,345
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $0.001 par value, 200,000,000 shares authorized, 63,569,109 shares issued and outstanding as of December 31, 2019; 57,968,493 shares issued and outstanding as of December 31, 2018 63 58
Additional paid-in capital 1,197,379 957,631
Accumulated deficit (479,388) (244,166)
Accumulated other comprehensive loss (6,804) (8,514)
Total stockholders’ equity 711,250 705,009
Total liabilities and stockholders’ equity $ 1,186,830 $ 807,354