AMERICAN PUBLIC EDUCATION INC APEI Income Statement

American public education inc (APEI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenue from Contract with Customer, Excluding Assessed Tax
286,270	297,687	299,248	313,139	327,910	350,020	329,479	313,516	260,377	198,174	148,998	107,147	69,095
Costs and expenses:
Instructional costs and services
111,916	115,280	116,161	117,013	118,848	123,765	112,784	110,192	95,216	75,309	58,383	43,561	29,479
Selling and promotional
60,028	57,042	58,335	59,095	62,397	69,229	65,687	59,761	44,713	34,296	20,479	12,361	6,765
General and administrative
78,082	74,456	69,024	68,666	73,047	74,958	70,063	63,615	48,350	32,045	25,039	21,302	15,335
Loss on disposals of long-lived assets
-556	-882	-2,093	-5,970	-817	-115	-	-	-	-	-	-	-
Loss on assets held for sale
-	-	-	-	-	0	-	-	-	-	-	-	-
Impairment of goodwill
7,336	0	0	4,735	0	0	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
15,596	17,501	18,776	19,384	20,520	16,121	13,508	11,146	9,239	6,502	5,231	4,235	2,825
Total costs and expenses
273,514	265,161	264,389	274,863	275,629	284,188	262,042	244,714	197,518	148,152	109,132	81,459	54,404
Operating Income (Loss)
12,756	32,526	34,859	38,276	52,281	65,832	67,437	68,802	62,859	50,022	39,866	25,688	14,691
Interest income, net
3,908	2,915	185	116	115	361	309	135	109	111	94	706	888
Income before income taxes
16,664	35,441	35,044	38,392	52,396	66,193	67,746	68,937	62,968	50,133	39,960	26,394	15,579
Income Tax Expense (Benefit)
5,187	9,287	11,493	14,940	20,072	25,150	25,645	26,528	22,211	20,265	16,017	10,207	6,829
Equity Investment Income (Loss) After Tax
-1,464	-515	-2,430	703	90	-166	-67	-86	-	-	-	-	-
Net income
10,013	25,639	21,121	24,155	32,414	40,877	42,034	42,323	40,757	29,868	23,943	16,187	8,750
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.62	1.56	1.30	1.50	1.94	2.36	2.38	2.38	2.28	1.63	1.32	0.91	0.69
Diluted (in dollars per share)
0.62	1.54	1.29	1.49	1.93	2.33	2.35	2.35	2.23	1.59	1.27	0.86	0.64
Weighted average number of common shares:
Weighted Average Number of Shares Outstanding, Basic
16,094	16,404	16,236	16,068	16,676	17,357	17,656	17	17,877	18,281	18,167	17,840	12,759
Weighted Average Number of Shares Outstanding, Diluted
16,255	16,634	16,380	16,214	16,798	17,543	17,921	18	18,295	18,837	18,906	18,822	13,601