Adtalem Global Education Inc. ATGE Cash Flow

Adtalem global education inc. (ATGE)

CashFlow / 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
Operating activities:
Net income
220,178	107,332	119,418	95,581	108,662	110,084	11,796	34,297	14,776	15,510	111,047	123,280	70,325	82,233	17,007	-2,756	37,101	32,375	125,648	140,699	148,379	156,719	162,325	134,711	65,409	67,025	69,841	108,840	148,691	158,835	116,891	142,381	209,584	235,189	314,781	330,830	327,044	315,055	298,773	279,983	0	0	0
Loss from discontinued operations
-16,255	-10,397	-38,865	-40,443	-60,553	-67,263	-72,227	-80,146	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-16,957	-29,213	-30,138	-30,056	-16,902	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense
14,176	14,404	14,303	13,217	13,351	13,079	13,651	14,499	14,825	16,047	15,835	16,600	21,671	21,489	21,880	22,368	17,994	18,122	18,156	17,440	17,448	17,355	17,391	17,685	17,075	16,983	15,593	15,493	17,729	18,046	19,347	18,530	15,950	14,786	13,900	14,251	13,439	12,750	11,776	10,148	0	0	0
Amortization and adjustments to operating lease assets
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
44,076	44,340	43,695	43,029	34,458	37,506	39,835	43,286	39,518	41,455	39,507	45,805	23,811	29,992	41,118	43,319	82,231	83,016	84,237	85,008	83,324	83,382	83,207	82,739	83,043	82,988	83,265	83,111	79,569	78,355	76,785	74,472	69,685	65,100	60,254	56,462	56,133	54,422	52,953	51,225	0	0	0
Amortization of Intangible Assets
11,582	10,610	9,641	8,712	8,195	8,573	8,646	9,538	10,015	10,082	10,227	11,169	9,189	8,337	7,283	5,192	6,220	7,157	6,132	5,548	5,547	4,781	6,193	7,078	7,883	8,710	9,346	10,139	9,271	9,649	9,961	10,002	8,479	7,059	5,693	4,732	6,258	6,389	8,560	10,997	0	0	0
Amortization of Deferred Debt Issuance Costs
-	-	1,566	-	-	-	2,489	2,273	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Refunds and Uncollectible Accounts
26,946	27,920	23,492	19,141	8,700	11,460	13,587	16,920	489	7,008	1,057	19,002	207	9,544	31,921	30,034	83,117	84,860	89,905	89,886	98,062	96,859	91,262	88,506	78,535	77,054	78,000	80,557	77,815	82,110	89,007	89,928	89,511	87,983	84,916	89,987	90,642	92,586	90,791	88,202	0	0	0
Deferred income taxes
-1,132	-32	15,837	20,761	9,581	11,949	-4,171	-10,595	8,726	-6,553	1,960	3,797	-2,783	12,535	-11,844	-15,188	-13,706	-10,434	6,187	3,563	-13,254	-22,810	-19,633	-18,115	-6,827	-8,087	-13,775	-7,711	-5,937	-4,985	-13,139	-8,825	3,450	25,009	34,255	24,827	9,596	-12,489	-12,184	-11,431	0	0	0
Loss on disposals, accelerated depreciation, and adjustments to property and equipment
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized Loss on Investments
-	-	-218	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized Gain on Investments
-	-	87	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,225	0	0	0
Realized gain on sale of assets
-41,083	-41,083	-41,083	-45,862	-1,764	-1,741	-21,176	-31,728	-37,746	-37,265	-20,641	-10,507	9,391	11,340	6,840	-694	-13,272	-19,607	-14,673	-6,774	-12,201	-10,247	-8,611	-9,150	-5,980	-9,729	-10,864	-10,633	-8,294	-2,934	-1,609	-1,185	-1,011	-838	-395	-468	-530	-432	-345	-666	0	0	0
Realized Gain on Sale of Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,918	1,918	1,918	1,918	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-4,140	-	1,635	-1,339	4,806	1,328	872	7,979	2,705	4,521	-6,043	-26,905	-1,151	190	5,816	21,691	-5,445	206	-48,487	-45,491	233	-3,247	0	0	0
Accounts receivable
23,117	28,055	26,713	27,706	31,957	47,517	61,712	26,413	36,116	26,061	449	41,829	-2,376	47,564	25,496	56,688	94,284	108,385	111,985	96,534	86,668	71,459	82,718	82,262	69,839	78,944	94,104	124,448	13,478	72,933	122,536	90,254	113,147	74,107	68,360	77,981	158,282	110,035	94,951	102,588	0	0	0
Prepaid expenses and other current assets
29,475	22,614	26,638	24,300	-35,470	-28,254	-22,266	-16,793	22,293	7,434	20,411	9,647	18,211	31,493	16,733	1,822	581	24,310	20,133	19,716	12,680	-16,270	-30,622	-18,148	20,427	20,343	3,317	-7,359	-4,569	1,488	22,167	36,348	-3,979	8,473	4,235	-782	1,523	-19,805	-14,618	-7,536	0	0	0
Accounts payable
-4,863	-14,492	236	9,199	9,491	17,518	7,113	9,964	11,382	7,277	11,811	3,846	-652	-230	-1,701	-1,287	-7,579	-1,908	-2,650	10,830	3,928	-6,994	4,628	-2,883	779	2,344	-3,741	-6,697	631	8,985	-4,122	-2,687	-11,572	-11,813	-9,892	-26,876	-25,415	-9,059	-12,117	18,776	0	0	0
Accrued liabilities
12,915	12,216	1,698	6,451	11,845	8,986	11,682	-4,938	-14,971	-16,772	12,240	9,500	2,434	24,246	-18,214	5,040	992	-15,129	-20,274	-24,725	-18,738	-9,459	-25,741	-2,943	-1,906	9,387	22,684	21,076	26,419	45,479	21,157	-10,329	-4,113	-26,601	-32,708	5,769	-1,971	-4,598	32,048	30,854	0	0	0
Advance Tuition Payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	784	-1,611	-1,327	1,291	-1,826	-48,837	-7,059	-6,805	0	0	0
Deferred revenue
4,591	-2,770	-12,409	-10,089	-16,198	-14,855	10,638	3,382	11,210	-3,024	-30,361	11,334	-45,610	-1,963	-20,366	4,106	-7,415	10,268	-11,455	-9,314	-18,856	-31,878	-8,578	301	-1,514	-43,431	-12,597	-510	-177,223	-142,763	-18,625	-5,034	-54,860	-5,642	-453	-12,329	32,339	36,386	27,395	11,963	0	0	0
Operating lease liabilities
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities-continuing operations
210,955	200,089	206,233	226,449	177,217	177,977	193,470	221,280	0	0	0	-	-	-	-	161,968	0	0	0	-	-	-	-	266,070	241,850	194,642	244,484	267,215	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities-discontinued operations
-29,101	-31,926	-31,921	-21,591	7,243	34,454	33,396	17,909	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-509	441	-221	-5,881	-5,710	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
181,854	168,163	174,312	204,858	184,460	212,431	226,866	239,189	244,397	239,221	222,499	230,920	0	0	0	-	-	-	-	-	-	-	265,404	265,561	242,291	194,421	238,603	261,505	204,716	238,331	254,908	277,422	277,888	353,353	398,647	407,990	395,451	398,217	410,321	391,548	0	0	0
Investing activities:
Capital expenditures
51,416	53,004	61,866	64,751	61,366	67,115	68,078	66,530	63,390	55,210	42,963	42,508	30,002	29,178	40,020	51,455	75,410	86,694	90,308	88,707	96,047	88,990	78,327	79,355	81,383	97,988	108,333	111,775	111,132	109,484	117,100	125,298	133,470	141,966	143,412	132,602	120,709	123,043	127,537	131,009	0	0	0
Proceeds from sales of marketable securities
1,788	1,407	2,131	1,841	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,495	59,495	59,495	59,495	46,000	0	0	0
Purchases of marketable securities
2,006	1,784	2,461	6,321	6,084	5,313	4,298	159	156	156	96	93	93	92	102	105	105	104	160	158	93	169	137	135	14	117	94	93	263	85	59	61	76	77	78	101	123	122	100	79	0	0	0
Proceeds from sale of assets
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,727	8,727	8,662	6,662	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment for Purchase of Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	330,567	333,854	333,854	504,934	173,864	0	0	0	-	-	-	-	13,570	12,343	12,343	14,191	31,386	36,605	60,852	57,079	255,369	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	0	0	0
Net cash used in investing activities-continuing operations
-163,530	-165,277	-148,478	-161,934	-45,119	-53,655	-81,417	-75,730	0	0	0	-	-	-	-	-228,538	0	0	0	-	-	-	-	-	-	-	-	-150,903	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities-discontinued operations
1,781	712	-615	-1,833	-8,326	-8,304	3,456	4,280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-162,942	-165,758	-199,162	-213,836	-102,321	-110,835	-77,961	-71,450	-65,906	-53,735	-51,164	-379,654	0	0	0	-	-	-	-	-	-	-	-77,626	-84,333	-93,063	-110,192	-124,719	-152,632	-153,085	-175,150	-174,135	-380,010	-385,372	-370,249	-378,096	-125,986	-61,964	-64,363	-68,835	-85,788	0	0	0
Financing activities:
Proceeds from exercise of stock options
2,445	2,238	7,330	16,994	18,089	31,023	32,429	23,821	29,842	23,473	23,209	27,675	20,456	13,850	6,447	337	3,085	3,719	5,802	8,828	10,260	12,286	12,551	10,482	9,438	7,413	5,143	4,976	1,867	3,749	4,583	6,134	12,058	11,649	11,250	9,098	6,490	10,275	12,322	13,041	0	0	0
Employee taxes paid on withholding shares
5,589	5,632	6,658	6,801	6,868	6,798	5,905	4,203	4,099	4,112	4,064	2,956	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock issued under Colleague Stock Purchase Plan
0	109	262	421	639	724	767	803	815	817	849	865	913	1,034	1,085	1,153	1,213	1,088	1,174	1,204	1,229	1,338	1,342	1,372	1,431	1,652	1,552	1,700	1,696	1,680	1,815	1,716	1,725	1,591	1,531	1,460	1,274	1,188	1,076	997	0	0	0
Repurchases of common stock for treasury
212,838	236,938	233,932	252,852	202,305	159,783	145,828	137,028	129,582	125,305	90,628	48,508	38,808	32,505	32,634	32,634	31,624	30,887	31,688	25,918	18,672	11,541	2,485	0	5,533	15,319	28,174	53,886	82,286	104,627	139,355	158,093	152,354	149,228	141,058	132,940	123,758	101,112	66,362	41,683	0	0	0
Payments of Seller Financed Obligations
-	-	-	-	-	-	-	11,413	11,435	9,242	7,616	4,819	9,553	11,542	12,087	11,500	5,890	5,357	4,812	5,978	8,616	11,054	11,054	9,095	10,279	5,960	5,960	3,822	0	0	0	-	-	-	-	-	-	-	-	45,111	0	0	0
Borrowings under credit facility
360,000	295,000	165,000	135,000	320,000	377,000	502,000	578,000	320,000	323,000	363,000	527,000	465,000	405,000	240,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,000	0	0	0
Repayments under credit facility
203,000	173,000	128,000	28,000	142,250	243,500	337,750	403,000	320,000	383,000	358,000	402,000	345,000	180,000	110,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	0	0	0
Cash Dividends Paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,903	21,763	21,763	21,750	31,529	20,646	30,791	19,877	18,369	18,430	16,680	16,697	15,529	15,529	14,257	14,240	12,839	0	0	0
Proceeds from down payment on seller loan
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	0	0
Payment for purchase of redeemable noncontrolling interest of subsidiary
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	3,114	3,114	3,114	3,114	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Stock-Based Payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-395	450	357	664	1,178	1,181	1,314	1,012	1,288	2,401	3,327	3,455	0	0	0
Net cash used in financing activities-discontinued operations
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-63,090	-120,719	0	-137,533	-25,479	-15,428	0	37,204	-114,459	-174,371	-84,664	85,843	63,987	166,887	63,982	-69,095	-56,417	-58,110	-56,273	-48,613	-41,872	-31,572	-21,535	-19,144	-26,374	-34,035	-49,195	-82,561	-99,764	-129,539	-152,547	-168,018	-159,183	-154,847	-146,950	-140,189	-174,992	-146,237	-168,718	-161,840	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-24,885	-753	-2,598	2,573	-11,369	-10,302	-14,978	-11,634	-2,398	-2,399	-290	-1,360	6,736	10,400	1,899	4,601	-4,495	-7,022	1,592	-3,778	-163	-1,376	-1,679	-1,040	-4,033	-4,419	-3,711	-3,244	-3,313	-3,132	-3,578	-2,463	-408	-1,790	-1,677	-2,372	-1,877	-885	-1,017	-1,420	0	0	0
Net decrease in cash, cash equivalents and restricted cash
-69,063	-120,832	-226,798	-143,938	45,291	75,866	164,296	193,309	61,634	8,716	86,381	-64,251	-126,280	22,101	-252,384	-48,418	-69,505	-199,376	-34,259	-2,770	5,300	117,931	164,564	161,044	118,821	45,775	60,978	23,068	-51,446	-69,490	-75,352	-273,069	-267,075	-173,533	-128,076	139,443	156,618	186,732	171,751	142,500	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,123	1,101	1,102	1,079	1,055	962	793	623	454	417	455	668	867	0	0	0
Income Taxes, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,843	41,062	37,741	78,391	80,905	84,362	109,216	149,747	152,553	155,793	173,164	135,722	130,502	0	0	0
Non-cash Investing and Financing Activity:
Decrease in Redemption Value of Noncontrolling Interest Put Options
-	-	-261	-	-	-	2,263	1,872	-1,735	-2,060	-260	-176	5,809	6,803	4,513	1,804	-7,683	-7,517	-5,429	-2,427	-7,731	-8,413	-9,714	-4,860	3,650	3,232	2,726	-1,793	-661	-75	640	671	794	853	1,048	1,321	1,687	1,911	1,904	1,745	0	0	0