Adtalem Global Education Inc. ATGE Cash Flow

Adtalem global education inc. (ATGE)

CashFlow / Yearly

Jun'19	Jun'18	Jun'17	Jun'16	Jun'15	Jun'14	Jun'13	Jun'12	Jun'11	Jun'10	Jun'09
Operating activities:
Net income
95,581	34,297	123,280	-2,756	140,699	134,711	108,840	142,381	330,830	279,983	165,652
Loss from discontinued operations
-40,443	-80,146	2,309	-128,252	5,576	-16,957	-16,902	-27,541	-4,390	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense
13,217	14,499	16,600	22,368	17,440	17,685	15,493	18,530	14,251	10,148	7,550
Depreciation
43,029	43,286	45,805	43,319	85,008	82,739	83,111	74,472	56,462	51,225	39,825
Amortization of Intangible Assets
8,712	9,538	11,169	5,192	5,548	7,078	10,139	10,002	4,732	10,997	10,625
Amortization of Deferred Debt Issuance Costs
1,566	2,273	704	704	-	-	-	-	-	-	-
Impairment of Intangible Assets
0	400	0	0	-	-	-	-	-	-	-
Impairment of Goodwill and Intangible Assets
-	-	-	-	1,780	0	56,992	75,039	0	-	-
Provision for Refunds and Uncollectible Accounts
19,141	16,920	19,002	30,034	89,886	88,506	80,557	89,928	89,987	88,202	72,395
Deferred income taxes
20,761	-10,595	3,797	-15,188	3,563	-18,115	-7,711	-8,825	24,827	-11,431	344
Realized Loss on Investments
-207	0	0	-	-	-	-	-	-	-	-
Unrealized Gain on Investments
54	0	0	-	-	-	-	-	-	1,225	-1,224
Realized gain on sale of assets
-45,862	-31,728	-10,507	-694	-6,774	-9,150	-10,633	-1,185	-468	-666	-2,394
Insurance settlement gain
15,571	0	0	-	-	-	-	-	-	-	-
Unrealized Loss on Assets Held for Sale
-	-	-	-	0	-244	0	0	-	-	-
Realized Gain on Sale of Assets
-	-	-	-	0	1,918	0	3,695	0	-	-
Changes in assets and liabilities:
Restricted Cash
-	-	-	-	-	1,328	4,521	190	206	-3,247	1,097
Accounts receivable
27,706	26,413	41,829	56,688	96,534	82,262	124,448	90,254	77,981	102,588	89,249
Refundable Income Taxes
-	-	-	-	-	-	-	-	0	-	-
Prepaid expenses and other current assets
24,300	-16,793	9,647	1,822	19,716	-18,148	-7,359	36,348	-782	-7,536	-7,292
Accounts payable
9,199	9,964	3,846	-1,287	10,830	-2,883	-6,697	-2,687	-26,876	18,776	-3,084
Accrued liabilities
6,451	-4,938	9,500	5,040	-24,725	-2,943	21,076	-10,329	5,769	30,854	20,130
Advance Tuition Payments
-	-	-	-	-	-	-	-	1,291	-6,805	5,889
Deferred revenue
-10,089	3,382	11,334	4,106	-9,314	301	-510	-5,034	-12,329	11,963	9,675
Net cash provided by operating activities-continuing operations
226,449	221,280	201,759	161,968	205,663	266,070	267,215	281,716	416,397	-	-
Net cash provided by operating activities-discontinued operations
-21,591	17,909	29,161	69,515	-160	-509	-5,710	-4,294	-8,407	-	-
Net cash provided by operating activities
204,858	239,189	230,920	231,483	205,503	265,561	261,505	277,422	407,990	391,548	249,565
Investing activities:
Capital expenditures
64,751	66,530	42,508	51,455	88,707	79,355	111,775	125,298	132,602	131,009	74,044
Insurance proceeds received for damage to buildings and equipment
35,706	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of marketable securities
1,841	0	0	-	-	-	-	-	13,495	46,000	0
Purchases of marketable securities
6,321	159	93	105	158	135	93	61	101	79	63
Proceeds from sale of assets
-	-	-	-	6,100	8,727	0	4,475	0	-	-
Payment for Purchase of Businesses, Net of Cash Acquired
118,409	4,041	330,567	173,864	73,117	13,570	31,386	255,369	3,027	-	315,318
Payment for Investment in Business
0	5,000	0	0	-	-	-	-	-	-	-
Loan to DeVry University
10,000	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	627	700	0
Net cash used in investing activities-continuing operations
-161,934	-75,730	-373,168	-228,538	-155,882	-	-150,903	-376,253	-122,862	-	-
Net cash used in investing activities-discontinued operations
-1,833	4,280	-6,486	13,131	-	-	-1,729	-3,757	-3,124	-	-
Cash and restricted cash transferred in divestitures of discontinued operations
50,069	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-213,836	-71,450	-379,654	-215,407	-	-84,333	-152,632	-380,010	-125,986	-85,788	-389,425
Financing activities:
Proceeds from exercise of stock options
16,994	23,821	27,675	337	8,828	10,482	4,976	6,134	9,098	13,041	12,157
Employee taxes paid on withholding shares
6,801	4,203	2,956	3,474	-	-	-	-	-	-	-
Proceeds from stock issued under Colleague Stock Purchase Plan
421	803	865	1,153	1,204	1,372	1,700	1,716	1,460	997	2,066
Repurchases of common stock for treasury
252,852	137,028	48,508	32,634	25,918	0	53,886	158,093	132,940	41,683	33,684
Payments of Seller Financed Obligations
2,295	11,413	4,819	11,500	5,978	9,095	3,822	0	0	45,111	1,608
Borrowings under credit facility
135,000	578,000	527,000	0	0	-	-	-	-	70,000	290,000
Repayments under credit facility
28,000	403,000	402,000	0	0	-	-	-	-	150,000	210,000
Cash Dividends Paid
0	0	11,414	22,977	23,230	21,903	31,529	18,369	15,529	12,839	10,015
Repayment of Fanor Debt
-	-	-	-	-	-	-	-	-	-	-12,740
Proceeds from down payment on seller loan
-	-	-	-	-	-	-	-	-	300	46,419
Payment for purchase of redeemable noncontrolling interest of subsidiary
-	-	-	3,114	0	0	7,649	0	0	-	-
Payment of Debt Refinancing Fees
-	-	-	-	3,519	0	0	70	3,290	-	0
Payment of Debt Issuance Costs
0	9,871	0	0	-	-	-	-	-	-	-
Capital Investment from Noncontrolling Interest
0	95	0	0	-	-	-	-	-	-	-
Excess Tax Benefit from Stock-Based Payments
-	-	-	-	-	-	-	664	1,012	3,455	3,571
Net cash used in financing activities
-137,533	37,204	85,843	-69,095	-48,613	-19,144	-82,561	-168,018	-140,189	-161,840	86,166
Effect of exchange rate changes on cash, cash equivalents and restricted cash
2,573	-11,634	-1,360	4,601	-3,778	-1,040	-3,244	-2,463	-2,372	-1,420	1,697
Net decrease in cash, cash equivalents and restricted cash
-143,938	193,309	-64,251	-48,418	-2,770	161,044	23,068	-273,069	139,443	142,500	-51,997
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest
20,410	11,505	7,325	3,510	1,800	1,741	1,123	1,055	454	867	2,167
Income Taxes, Net
3,230	8,365	14,901	1,420	23,943	27,864	28,843	80,905	152,553	130,502	60,609
Non-cash Investing and Financing Activity:
Decrease in Redemption Value of Noncontrolling Interest Put Options
-20	1,872	-176	1,804	-2,427	-4,860	-1,793	671	1,321	1,745	0