AMERICAN PUBLIC EDUCATION INC APEI Income Statement

American public education inc (APEI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Revenue from Contract with Customer, Excluding Assessed Tax
74,616	74,381	67,888	70,560	73,441	76,930	72,992	72,798	74,967	78,085	73,279	72,196	75,688	78,625	73,803	76,745	83,966	85,912	76,291	80,263	85,444	91,297	84,707	85,463	88,553	82,937	81,777	80,925	83,840	86,000	77,122	74,572	75,822	75,667	65,251	60,795	58,664	56,314	48,295	46,254	47,311	43,653	36,471	35,713	33,161	27,404
Costs and expenses:
Instructional costs and services
29,230	28,008	27,268	28,725	27,915	28,441	28,186	28,967	29,686	28,648	28,723	29,834	28,956	30,045	28,357	28,903	29,708	29,725	29,167	29,696	30,260	31,594	30,626	30,197	31,348	29,033	28,139	27,207	28,405	29,654	26,436	26,249	27,853	26,152	23,948	23,011	22,105	20,425	19,483	17,376	18,025	16,522	14,745	14,373	12,743	10,901
Selling and promotional
18,186	15,021	15,873	14,087	15,047	14,038	14,139	13,284	15,581	14,252	14,640	14,008	15,435	14,503	13,139	14,984	16,469	15,164	14,062	16,152	17,019	17,232	17,948	16,982	17,067	17,114	15,989	16,045	16,539	16,485	14,430	14,475	14,371	12,403	11,705	9,721	10,884	9,446	9,621	8,120	7,109	5,394	5,598	5,156	4,331	3,600
General and administrative
21,003	18,873	22,021	18,123	19,065	18,676	19,298	17,594	18,888	17,399	17,237	16,632	17,756	17,963	17,125	16,909	16,669	18,185	17,616	18,141	19,105	19,511	17,432	18,491	19,524	18,660	16,766	17,158	17,479	15,424	15,978	16,141	16,072	14,769	12,160	10,910	10,511	8,768	8,194	7,451	7,632	6,476	6,465	6,042	6,056	5,586
Loss on disposals of long-lived assets
-166	-32	-394	-4	-126	0	-196	-558	-128	-535	-390	-678	-490	-100	-5,145	-464	-261	-	-43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
0	0	1,481	0	5,855	0	0	0	0	-	-	-	-	-	4,735	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
3,338	3,838	3,764	3,943	4,051	4,343	4,289	4,347	4,522	4,616	4,690	4,726	4,744	4,760	4,910	4,825	4,889	6,342	4,891	4,698	4,589	4,220	4,054	3,958	3,889	3,613	3,376	3,312	3,207	3,015	2,760	2,715	2,656	2,500	2,404	2,242	2,093	1,844	1,682	1,568	1,408	1,297	1,277	1,360	1,297	1,114
Total costs and expenses
71,923	65,772	70,801	64,882	72,059	65,498	66,108	64,750	68,805	65,450	65,680	65,878	67,381	67,371	73,411	66,085	67,996	70,190	65,779	68,687	70,973	72,672	70,060	69,628	71,828	68,420	64,270	63,722	65,630	64,578	59,604	59,580	60,952	55,824	50,217	45,884	45,593	40,483	38,980	34,515	34,174	29,689	28,085	26,931	24,427	21,201
Operating Income (Loss)
2,693	8,609	-2,913	5,678	1,382	11,432	6,884	8,048	6,162	12,635	7,599	6,318	8,307	11,254	392	10,660	15,970	15,722	10,512	11,576	14,471	18,625	14,647	15,835	16,725	14,517	17,507	17,203	18,210	21,422	17,518	14,992	14,870	19,843	15,034	14,911	13,071	15,831	9,315	11,739	13,137	13,964	8,386	8,782	8,734	6,203
Interest income, net
702	701	1,019	1,135	1,053	987	774	661	493	142	17	15	11	5	37	37	37	37	37	31	10	84	98	98	81	80	77	88	64	118	30	-34	21	22	35	25	27	26	28	35	22	24	30	29	11	181
Income before income taxes
3,395	9,310	-1,894	6,813	2,435	12,419	7,658	8,709	6,655	12,777	7,616	6,333	8,318	11,259	429	10,697	16,007	15,759	10,549	11,607	14,481	18,709	14,745	15,933	16,806	14,597	17,584	17,291	18,274	21,540	17,548	14,958	14,891	19,865	15,069	14,936	13,098	15,857	9,343	11,774	13,159	13,988	8,416	8,811	8,745	6,384
Income Tax Expense (Benefit)
974	3,591	-239	1,898	-63	3,294	1,848	2,280	1,865	1,825	3,294	2,525	3,849	4,416	85	4,172	6,267	6,078	3,796	4,548	5,650	6,773	5,877	6,173	6,327	5,640	6,612	6,543	6,850	8,279	6,724	5,717	5,808	6,880	4,130	5,960	5,241	6,250	3,755	4,749	5,511	5,609	3,404	3,497	3,507	2,568
Equity Investment Income (Loss) After Tax
-1	0	17	6	-1,487	-32	-311	29	-201	-2,535	44	21	40	50	-18	71	600	110	4	14	-38	-139	-26	42	-43	40	-61	2	-48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
2,420	5,719	-1,638	4,921	1,011	9,093	5,499	6,458	4,589	8,417	4,366	3,829	4,509	6,893	326	6,596	10,340	9,791	6,757	7,073	8,793	11,797	8,842	9,802	10,436	8,997	10,911	10,750	11,376	13,175	10,824	9,241	9,083	12,985	10,939	8,976	7,857	9,607	5,588	7,025	7,648	8,379	5,012	5,314	5,238	3,816
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.16	0.36	-0.10	0.30	0.06	0.56	0.33	0.39	0.28	0.51	0.27	0.24	0.28	0.43	0.02	0.41	0.64	0.60	0.41	0.42	0.51	0.70	0.51	0.56	0.59	0.51	0.62	0.61	0.64	0.74	0.61	0.52	0.51	0.73	0.61	0.50	0.44	0.53	0.30	0.38	0.42	0.46	0.28	0.29	0.29	0.21
Diluted (in dollars per share)
0.16	0.36	-0.10	0.30	0.06	0.54	0.33	0.39	0.28	0.51	0.27	0.23	0.28	0.42	0.02	0.41	0.64	0.59	0.41	0.42	0.51	0.67	0.51	0.56	0.59	0.51	0.61	0.60	0.63	0.74	0.60	0.51	0.50	0.71	0.60	0.49	0.43	0.52	0.30	0.37	0.40	0.44	0.27	0.28	0.28	0.20
Weighted average number of common shares:
Weighted Average Number of Shares Outstanding, Basic
15,024	15,364	15,967	16,511	16,533	16,424	16,423	16,408	16,359	16,264	16,248	16,240	16,190	16,099	16,074	16,059	16,038	16,138	16,562	16,819	17,183	17,206	17,255	17,367	17,599	17,555	17,658	17,645	17,764	-53,399	17,706	17,910	17,854	-17,899,019	17,843	17,890	17,934,794	17,964	18,430	18,407	18,322	18,255	18,195	18,161	18,055	17,845
Weighted Average Number of Shares Outstanding, Diluted
15,116	15,583	16,121	16,653	16,662	16,698	16,658	16,645	16,534	16,463	16,375	16,360	16,320	16,255	16,233	16,195	16,171	16,254	16,661	16,922	17,353	17,538	17,355	17,472	17,805	17,971	17,876	17,835	17,999	-54,263	17,950	18,151	18,233	-18,345,732	18,253	18,345	18,382,313	18,404	18,931	19,032	18,979	18,923	18,910	18,901	18,888	18,850