Learning Tree International, Inc.

LTRE

LTRELearning Tree International, Inc. US flag

Other OTC

0.51

USD

- -

6.74MMarket Cap

Income Statement (USD)

API Chat

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Sales/Revenue/Turnover	152	152	154	167	181	133	127	134	129	117	107	95	82	71	64
+ Sales & Services Revenue	152	152	154	167	181	133	127	134	129	117	107	95	82	71	64
- Cost of Revenue	74	76	76	73	77	59	59	62	63	63	61	56	50	40	37
+ Cost of Goods & Services	74	76	76	73	77	59	59	62	63	63	61	56	50	40	37
Gross Profit	78	76	78	94	104	73	68	72	66	54	46	39	31	30	28
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	80	78	81	80	87	71	63	67	73	62	52	49	42	31	29
+ Selling, General & Admin	72	70	70	71	77	64	56	59	64	54	45	41	37	28	27
+ Research & Development	8	8	10	9	10	7	7	7	9	8	7	8	5	3	3
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-2	-2	-3	15	18	2	5	5	-7	-8	-6	-10	-11	-1	-2
- Non-Operating (Income) Loss	-2	-2	-3	-4	-4	-1	-1	- -	- -	- -	-6	- -	2	1	- -
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-2	-2	-3	-4	-4	-1	-1	- -	- -	- -	-6	- -	2	1	- -
Pretax Income	- -	- -	1	19	22	3	6	5	-7	-8	- -	-9	-12	-2	-2
- Income Tax Expense (Benefit)	1	2	4	2	8	2	1	2	5	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1	-2	-3	17	14	1	4	3	-12	-9	- -	-10	-13	-2	-2
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6	- -	- -	- -
Income (Loss) Incl. MI	-1	-2	-3	17	14	1	4	3	-12	-9	- -	-13	-13	-2	-2
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-1	-2	-3	17	14	1	4	3	-12	-9	- -	-13	-13	-2	-2
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1	-2	-3	17	14	1	4	3	-12	-9	- -	-13	-13	-2	-2
EBIT	-2	-2	-3	15	18	2	5	5	-7	-8	-6	-10	-11	-1	-2
EBITDA	5	4	5	21	24	8	11	10	-2	-2	-1	-5	-8	1	- -
EBITDA Margin (%)	3.05	2.67	3.11	12.58	13.35	6.07	8.58	7.37	-1.65	-1.84	-0.78	-5.66	-9.49	1.48	-0.45
EBITA	-2	-2	-3	15	18	2	5	5	-7	-8	-6	-10	-11	-1	-2
Gross Margin (%)	51.5	49.88	50.56	56.38	57.63	55.31	53.56	53.92	51.32	46.06	43.26	41.18	38.52	42.97	43.03
Operating Margin (%)	-1.07	-1.48	-1.72	8.68	9.76	1.5	4.08	3.92	-5.38	-7.01	-5.6	-10.21	-12.96	-1.27	-2.52
Profit Margin (%)	-0.36	-1.12	-2.03	10.16	7.61	0.91	3.44	2.42	-9.23	-7.46	- -	-13.25	-15.56	-3.02	-3.2
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	2.18	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	6	6	7	7	7	6	6	5	5	6	5	4	3	2	1
Basic Weighted Avg Shares	17	17	17	16	17	16	14	13	13	13	13	13	13	13	- -
Basic EPS, GAAP	-0.03	-0.1	-0.19	1.03	0.84	0.08	0.32	0.24	-0.89	-0.66	- -	-0.95	-0.96	-0.16	- -
Basic EPS from Cont Ops	-0.03	-0.1	-0.19	1.03	0.84	0.08	0.32	0.24	-0.89	-0.66	- -	-0.74	-0.96	-0.16	- -
Diluted Weighted Avg Shares	17	17	17	16	17	16	14	14	13	13	13	13	13	13	- -
Diluted EPS, GAAP	-0.03	-0.1	-0.19	1.03	0.83	0.08	0.32	0.24	-0.89	-0.66	- -	-0.95	-0.96	-0.16	- -
Diluted EPS from Cont Ops	-0.03	-0.1	-0.19	1.03	0.83	0.08	0.32	0.24	-0.89	-0.66	- -	-0.74	-0.96	-0.16	- -

Balance Sheet (USD)

API Chat

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
Total Current Assets	104	100	99	121	101	97	65	67	57	47	53	33	22	19	16
+ Cash, Cash Equivalents & STI	84	75	72	89	71	74	39	43	32	27	30	18	9	5	5
+ Cash & Cash Equivalents	71	57	44	50	52	44	34	40	26	27	30	18	9	5	5
+ ST Investments	13	19	28	39	19	29	5	2	6	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	15	16	16	24	22	15	19	18	18	15	14	11	10	10	9
+ Accounts Receivable, Net	13	16	16	19	20	15	18	18	17	14	14	10	10	10	9
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	2	1	- -	4	2	- -	- -	- -	2	1	1	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	5	9	10	9	8	8	7	6	7	5	9	5	4	4	3
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	34	33	38	43	71	40	35	35	32	22	13	10	10	7	6
+ Property, Plant & Equip, Net	22	22	25	25	24	20	17	18	21	17	8	6	6	5	4
+ Property, Plant & Equip	70	71	73	73	71	69	71	66	69	67	52	51	51	37	35
- Accumulated Depreciation	48	49	48	48	47	49	54	49	48	50	44	45	45	33	32
+ LT Investments & Receivables	- -	- -	- -	- -	- -	9	9	9	10	4	3	3	3	1	1
+ LT Investments	- -	- -	- -	- -	- -	9	9	9	10	4	3	3	3	1	1
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	12	11	14	18	47	11	9	8	2	1	2	1	1	1	1
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	12	11	14	18	47	11	9	8	2	1	2	1	1	1	1
Total Assets	138	133	137	164	172	137	100	102	89	69	66	44	32	26	23
+ Payables & Accruals	18	18	19	22	20	21	15	16	14	14	12	8	7	9	9
+ Accounts Payable	13	12	13	13	11	8	8	7	10	7	7	7	6	6	6
+ Accrued Taxes	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	6	6	6	9	9	12	7	8	4	6	6	1	1	3	3
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	2
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other ST Liabilities	47	47	51	55	50	39	37	36	38	31	31	27	24	20	18
+ Deferred Revenue	47	45	48	50	48	39	37	36	32	30	27	23	21	18	16
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	2	4	5	2	- -	- -	- -	6	2	4	4	3	1	1
Total Current Liabilities	65	65	70	77	70	60	52	51	52	45	43	35	32	29	29
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	1	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -
+ Other LT Liabilities	7	8	10	10	16	14	13	13	12	8	7	6	7	8	7
+ Accrued Liabilities	1	1	- -	- -	- -	10	10	9	7	5	4	3	5	5	4
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	6	7	10	10	16	3	3	4	5	3	3	3	1	3	3
Total Noncurrent Liabilities	7	8	10	10	16	14	13	13	12	8	7	6	9	9	7
Total Liabilities	72	73	80	87	86	74	65	64	65	53	50	41	41	38	37
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	1	2	3	4	5	6	6	6	6	6	6	6	7
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	1	2	3	4	5	6	6	6	6	6	6	6	7
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	66	60	54	71	84	60	30	32	19	10	10	-3	-15	-17	-19
+ Other Equity	1	1	1	4	-1	-1	- -	- -	- -	- -	- -	-1	-1	-1	-1
Equity Before Minority Interest	66	60	57	77	86	63	35	38	25	16	16	3	-10	-12	-14
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	66	60	57	77	86	63	35	38	25	16	16	3	-10	-12	-14
Total Liabilities & Equity	138	133	137	164	172	137	100	102	89	69	66	44	32	26	23
Shares Outstanding	17	17	16	17	17	14	14	13	13	13	13	13	13	13	13
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	- -	- -
Net Debt	-71	-57	-44	-50	-52	-44	-34	-40	-26	-27	-30	-18	-9	-5	-2
Net Debt to Equity	-107.16	-94.45	-77.99	-64.41	-60.02	-70.49	-99.07	-106.73	-105.22	-169.74	-189.16	-588.64	87.24	38.47	17.67
Tangible Common Equity Ratio	47.94	45.29	41.5	47.08	50.11	45.95	34.71	36.96	27.52	22.71	23.86	6.94	-30.97	-45.01	-61.44
Current Ratio	1.6	1.54	1.41	1.57	1.45	1.6	1.24	1.31	1.1	1.04	1.22	0.95	0.68	0.65	0.56
Cash Conversion Cycle	-31.85	-24.95	-21.79	-24.93	-17.09	-11.17	-0.81	5.29	-0.31	-1.01	4.72	1.97	-1.94	-6.13	-8.33

Cash Flow Statement (USD)

API Chat

	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y
+ Net Income	-1	-2	-3	17	14	1	4	3	-12	-9	- -	-10	-13	-2	-2
+ Depreciation & Amortization	6	6	7	7	7	6	6	5	5	6	5	4	3	2	1
+ Non-Cash Items	1	1	3	-2	2	- -	4	2	7	-2	-7	- -	2	1	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	-4	- -	- -	2	1	6	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	1	3	1	1	- -	2	- -	1	-3	-7	- -	2	1	- -
+ Chg in Non-Cash Work Cap	-5	-3	1	-3	-4	- -	-14	- -	-1	2	-1	-4	-1	-4	-1
+ (Inc) Dec in Accts Receiv	-1	-3	- -	-2	-1	4	-3	- -	1	3	-2	3	- -	- -	1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	3	-1	-2	2	-1	3	- -	1	- -	6	2	-1	1	1	1
+ Inc (Dec) in Accts Payable	- -	-1	- -	-1	-2	1	-8	- -	1	-4	2	-2	-1	- -	-1
+ Inc (Dec) in Other	-7	1	3	-2	- -	-9	-3	-1	-3	-3	-3	-4	-1	-4	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2	2	8	19	18	7	1	10	-1	-3	-3	-10	-9	-3	-2
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-6	-7	-10	-5	-7	-2	-3	-6	-7	-2	-1	-2	- -	- -	- -
+ Acq of Fixed Prod Assets	-6	-7	-10	-5	-7	-2	-3	-6	-7	-2	-1	-2	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-2	-4	-2	- -	- -	-25	-5	- -	-2	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-3	-4	-2	- -	- -	-25	-5	- -	-2	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-12	-6	-9	-11	-6	13	27	3	-4	6	- -	- -	- -	- -	- -
+ Dec in LT Investment	1	6	1	6	19	21	91	31	21	6	- -	- -	- -	- -	- -
+ Inc in LT Investment	-13	-12	-10	-17	-25	-9	-64	-28	-25	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -
Cash from Investing Activities	-17	-12	-21	-16	-13	11	24	-3	-11	4	8	-3	- -	- -	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	-30	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-2	-4	-2	- -	- -	-25	-34	- -	-2	- -	- -	- -	- -	- -	2
Effect of Foreign Exchange Rates	2	- -	2	3	-3	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-18	-14	-14	3	5	-7	-10	6	-14	1	5	-13	-9	-3	- -
EBITDA	5	4	5	21	24	8	11	10	-2	-2	-1	-5	-8	1	- -
EBITDA Margin (%)	3.05	2.67	3.11	12.58	13.35	6.07	8.58	7.37	-1.65	-1.84	-0.78	-5.66	-9.49	1.48	-0.45
Free Cash Flow	-4	-5	-1	13	11	5	-2	4	-9	-5	-5	-12	-9	-3	-2
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-4	-5	-1	13	11	5	-2	4	- -	- -	-5	- -	- -	- -	- -
Free Cash Flow to Equity	-4	-4	-1	13	11	5	-2	4	-9	-5	5	-12	-9	-3	- -
Free Cash Flow per Basic Share	-0.23	-0.27	-0.09	0.79	0.68	0.34	-0.16	0.32	-0.64	-0.39	-0.35	-0.9	-0.71	-0.24	- -
Price/Free Cash Flow	27.53	19.94	5.99	9.97	6.77	15.02	36.33	6.41	10.86	-165.86	-18.28	-2.23	-2.81	-12.6	- -
Cash Flow to Net Income	-2.91	-1.35	-2.7	1.09	1.31	6.23	0.19	3.06	0.1	0.32	-3,138	0.77	0.71	1.51	0.78
Capital Expenditures	-6	-7	-10	-5	-7	-2	-3	-6	-7	-2	-1	-2	- -	- -	- -