AMERICAN PUBLIC EDUCATION INC APEI Income Statement

American public education inc (APEI)

Income statement / TTM

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
287,445	286,270	288,819	293,923	296,161	297,687	298,842	299,129	298,527	299,248	299,788	300,312	304,861	313,139	320,426	322,914	326,432	327,910	333,295	341,711	346,911	350,020	341,660	338,730	334,192	329,479	332,542	327,887	321,534	313,516	303,183	291,312	277,535	260,377	241,024	224,068	209,527	198,174	185,513	173,689	163,148	148,998	132,749	0	0	0
Costs and expenses:
Instructional costs and services
113,231	111,916	112,349	113,267	113,509	115,280	115,487	116,024	116,891	116,161	117,558	117,192	116,261	117,013	116,693	117,503	118,296	118,848	120,717	122,176	122,677	123,765	121,204	118,717	115,727	112,784	113,405	111,702	110,744	110,192	106,690	104,202	100,964	95,216	89,489	85,024	79,389	75,309	71,406	66,668	63,665	58,383	52,762	0	0	0
Selling and promotional
63,167	60,028	59,045	57,311	56,508	57,042	57,256	57,757	58,481	58,335	58,586	57,085	58,061	59,095	59,756	60,679	61,847	62,397	64,465	68,351	69,181	69,229	69,111	67,152	66,215	65,687	65,058	63,499	61,929	59,761	55,679	52,954	48,200	44,713	41,756	39,672	38,071	34,296	30,244	26,221	23,257	20,479	18,685	0	0	0
General and administrative
80,020	78,082	77,885	75,162	74,633	74,456	73,179	71,118	70,156	69,024	69,588	69,476	69,753	68,666	68,888	69,379	70,611	73,047	74,373	74,189	74,539	74,958	74,107	73,441	72,108	70,063	66,827	66,039	65,022	63,615	62,960	59,142	53,911	48,350	42,349	38,383	34,924	32,045	29,753	28,024	26,615	25,039	24,149	0	0	0
Loss on disposals of long-lived assets
-596	-556	-524	-326	-880	-882	-1,417	-1,611	-1,731	-2,093	-1,658	-6,413	-6,199	-5,970	-5,913	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill
1,481	7,336	7,336	5,855	5,855	0	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization, Nonproduction
14,883	15,596	16,101	16,626	17,030	17,501	17,774	18,175	18,554	18,776	18,920	19,140	19,239	19,384	20,966	20,947	20,820	20,520	18,398	17,561	16,821	16,121	15,514	14,836	14,190	13,508	12,910	12,294	11,697	11,146	10,631	10,275	9,802	9,239	8,583	7,861	7,187	6,502	5,955	5,550	5,342	5,231	5,048	0	0	0
Total costs and expenses
273,378	273,514	273,240	268,547	268,415	265,161	265,113	264,685	265,813	264,389	266,310	274,041	274,248	274,863	277,682	270,050	272,652	275,629	278,111	282,392	283,333	284,188	279,936	274,146	268,240	262,042	258,200	253,534	249,392	244,714	235,960	226,573	212,877	197,518	182,177	170,940	159,571	148,152	137,358	126,463	118,879	109,132	100,644	0	0	0
Operating Income (Loss)
14,067	12,756	15,579	25,376	27,746	32,526	33,729	34,444	32,714	34,859	33,478	26,271	30,613	38,276	42,744	52,864	53,780	52,281	55,184	59,319	63,578	65,832	61,724	64,584	65,952	67,437	74,342	74,353	72,142	68,802	67,223	64,739	64,658	62,859	58,847	53,128	49,956	50,022	48,155	47,226	44,269	39,866	32,105	0	0	0
Interest income, net
3,557	3,908	4,194	3,949	3,475	2,915	2,070	1,313	667	185	48	68	90	116	148	148	142	115	162	223	290	361	357	336	326	309	347	300	178	135	39	44	103	109	113	106	116	111	109	111	105	94	251	0	0	0
Income before income taxes
17,624	16,664	19,773	29,325	31,221	35,441	35,799	35,757	33,381	35,044	33,526	26,339	30,703	38,392	42,892	53,012	53,922	52,396	55,346	59,542	63,868	66,193	62,081	64,920	66,278	67,746	74,689	74,653	72,320	68,937	67,262	64,783	64,761	62,968	58,960	53,234	50,072	50,133	48,264	47,337	44,374	39,960	32,356	0	0	0
Income Tax Expense (Benefit)
6,224	5,187	4,890	6,977	7,359	9,287	7,818	9,264	9,509	11,493	14,084	10,875	12,522	14,940	16,602	20,313	20,689	20,072	20,767	22,848	24,473	25,150	24,017	24,752	25,122	25,645	28,284	28,396	27,570	26,528	25,129	22,535	22,778	22,211	21,581	21,206	19,995	20,265	19,624	19,273	18,021	16,017	12,976	0	0	0
Equity Investment Income (Loss) After Tax
22	-1,464	-1,496	-1,824	-1,801	-515	-3,018	-2,663	-2,671	-2,430	155	93	143	703	763	785	728	90	-159	-189	-161	-166	13	-22	-62	-67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
11,422	10,013	13,387	20,524	22,061	25,639	24,963	23,830	21,201	21,121	19,597	15,557	18,324	24,155	27,053	33,484	33,961	32,414	34,420	36,505	39,234	40,877	38,077	40,146	41,094	42,034	46,212	46,125	44,616	42,323	42,133	42,248	41,983	40,757	37,379	32,028	30,077	29,868	28,640	28,064	26,353	23,943	19,380	0	0	0
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