Grand Canyon Education Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	117.13M	113.00M	108.91M	103.12M	101.71M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	50.82M	51.28M	48.93M	45.71M	48.88M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	66.31M	61.72M	59.98M	57.41M	52.83M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	42.10M	39.19M	38.39M	34.75M	36.66M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)		0.14M	-0.922M	0.00		Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	92.93M	90.34M	88.25M	80.46M	85.54M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	24.20M	22.67M	20.66M	22.66M	16.17M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income	-0.197M	-0.404M	-0.15M	-0.003M	-0.075M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	24.01M	22.26M	20.51M	22.66M	16.10M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	9.538M	7.324M	7.643M	9.401M	6.614M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	14.47M	14.94M	12.87M	13.26M	9.481M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	14.47M	14.94M	12.87M	13.26M	9.481M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	14.47M	14.94M	12.87M	13.26M	9.481M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	45.15	45.10	44.79	45.02	46.09	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	44.37	44.63	44.30	44.66	45.59	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.33	0.33	0.29	0.30	0.21	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.32	0.33	0.29	0.29	0.21	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro