Adtalem global education inc. (ATGE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
REVENUE:
Tuition

-

-

-

-

-

-

-

-

-

-

-

-

287,774

301,263

399,027

-293,121

425,966

421,602

396,056

435,784

444,715

453,609

421,873

452,010

455,422

457,888

419,318

452,155

467,312

471,881

448,685

461,477

505,651

496,294

486,487

495,480

521,484

520,180

486,339

477,323

468,143

448,977

401,371

Other Educational

-

-

-

-

-

-

-

-

-

-

-

-

44,901

32,695

50,865

1,359

48,255

34,601

45,357

37,405

45,115

31,271

40,171

33,062

40,695

33,381

31,595

27,809

36,513

28,785

31,235

26,412

35,156

27,755

32,551

29,163

41,246

31,283

35,089

29,351

36,242

24,035

29,739

Revenue

271,487

266,172

254,613

490,084

258,703

253,961

236,939

319,787

310,070

308,211

293,143

91,384

332,675

333,958

449,892

-291,762

474,221

456,203

441,413

473,189

489,830

484,880

462,044

485,072

496,117

491,269

450,913

479,964

503,825

500,666

479,920

487,889

540,807

524,049

519,038

524,643

562,730

551,463

521,428

506,674

504,385

473,012

431,110

Operating cost and expense:
Cost of educational services

118,712

127,258

128,034

273,737

120,192

118,077

111,534

155,673

159,312

157,443

173,176

26,208

182,216

179,148

250,673

-170,015

252,867

241,021

245,077

249,729

253,186

250,809

246,331

256,071

242,631

242,997

241,737

245,698

236,828

240,244

239,453

237,159

244,195

241,212

238,248

223,477

232,914

229,917

228,081

215,341

214,300

199,965

196,483

Student services and administrative expense

96,434

96,648

99,087

131,250

90,746

89,251

89,164

97,064

97,633

89,423

88,944

3,121

103,690

101,167

161,065

-132,016

161,483

159,163

164,016

175,407

180,212

174,913

177,753

169,717

183,949

185,046

189,158

192,302

189,320

183,743

191,019

193,778

201,158

194,042

200,925

184,255

192,589

185,993

181,532

190,765

168,065

164,118

155,242

Restructuring expense

1,854

1,955

6,530

10,731

2,186

3,535

39,473

1,883

621

1,426

1,137

2,159

2,804

2,963

5,047

-37,480

2,873

12,923

24,073

12,426

6,982

10,188

13,317

16,386

0

4,664

11,665

14,716

2,029

9,484

0

-

0

-

-

-

-

-

-

-

-

-

-

Gain on sale of assets

0

0

4,779

26,200

0

15,571

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Regulatory Settlements

-

-

-

-

-

-

-

-

-

-

-

-

0

52,150

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on Assets Held for Sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

99,473

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

75,039

-

-

-

-

-

-

-

-

-

Gain on Sale of Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,849

-

-

-

0

-

-

0

0

0

1,918

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Total operating cost and expense

217,000

225,861

228,872

405,111

213,124

195,292

240,171

254,620

257,566

248,292

263,257

31,488

288,710

335,428

416,785

-435,135

413,374

512,580

433,166

439,342

440,380

435,910

437,401

442,174

426,580

432,707

440,642

505,327

428,177

433,471

430,472

438,039

445,353

510,293

439,173

407,732

425,503

415,910

409,613

406,106

382,365

364,083

351,725

Operating income from continuing operations

54,487

40,311

25,741

84,973

45,579

58,669

-3,232

65,167

52,504

59,919

29,886

59,896

43,965

-1,470

33,107

143,373

60,847

-56,377

8,247

-

-

-

-

67,865

56,132

49,075

8,196

-

-

-

34,163

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,450

48,970

24,643

-

69,537

58,562

10,271

-25,363

75,648

67,195

49,448

49,850

95,454

13,756

79,865

116,911

137,227

135,553

111,815

100,568

122,020

108,929

79,385

Other income (expense):
Interest and dividend income

782

1,215

678

4,772

1,062

1,173

969

1,015

1,329

1,365

2,118

1,170

1,689

988

1,058

272

27

240

127

48

1,318

300

397

233

605

310

583

446

415

230

561

297

110

226

184

299

435

381

423

530

476

574

500

Interest expense

5,191

5,066

5,328

8,921

4,786

5,006

4,918

7,373

2,850

2,481

1,916

2,734

1,995

2,300

2,115

353

1,408

1,847

2,326

1,755

2,813

352

393

507

1,073

1,052

1,000

605

756

759

1,491

959

650

481

522

441

348

239

254

332

336

495

422

Investment (loss) gain

-1,548

419

23

254

715

-1,122

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

81

313

831

Gain on derivative

111,838

-28,006

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net other income (expense)

105,881

-31,438

-4,627

-3,895

-3,009

-4,955

-3,949

-6,358

-1,521

-1,116

202

-1,564

-306

-1,312

-1,057

-81

-1,381

-1,607

-2,199

-1,707

-1,495

-52

4

-274

-468

-742

-417

-159

-341

-529

-930

-662

-540

3,440

-338

-142

87

142

169

-

-

-

-

Net Gain on Sale of Investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,695

-

-

-

-

-

-

-

-

-

Net Interest and Other (Expense) Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221

392

909

Income from continuing operations before income taxes

160,368

8,873

21,114

81,078

42,570

53,714

-7,181

58,809

50,983

58,803

30,088

58,332

43,659

-2,782

32,050

143,292

59,466

-57,984

6,048

32,140

47,955

48,918

24,647

42,624

69,069

57,820

9,854

-25,522

75,307

66,666

48,518

49,188

94,914

17,196

79,527

116,769

137,314

135,695

111,984

100,766

122,241

109,321

80,294

Provision for income taxes

6,937

7,570

3,706

16,787

7,843

11,857

-2,330

-38,673

8,024

110,276

4,475

5,432

7,343

-10,082

6,901

24,642

7,536

-7,514

662

1,884

6,327

6,116

4,210

4,586

12,918

8,492

1,703

-6,514

16,615

14,604

14,522

13,162

27,610

7,916

22,215

36,691

44,405

46,823

38,623

28,864

41,321

36,731

25,723

Equity Method Investment Loss

-

-

-

-

-

-

-

0

-100

6

-44

-694

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations

153,431

1,303

17,408

64,291

34,727

41,857

-4,851

97,482

42,859

-51,467

25,569

-

36,316

7,300

-

-

-

-

-

-

41,628

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations:
(Loss) income from discontinued operations before income taxes

-5,947

3,294

-2,883

-15,901

3,222

3,768

-5,719

-52,882

-7,422

-48,409

-15,449

-

3,329

6,321

-

-

-

-

-

-

1,011

-

-

-157

-934

-1,387

-16,324

-18,863

-2,045

-1,290

-3,658

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of discontinued operations before income taxes

-

-

-

-

-265

-32,714

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Benefit from income taxes

-3,228

-823

273

-2,029

-182

-4,595

-985

-18,275

-3,851

-19,094

-2,796

-

-377

-1,134

-

-

-

-

-

-

-4,565

-

-

-55

-327

-467

-996

-6,505

-513

-452

-1,484

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-2,719

4,117

-3,156

-14,497

3,139

-24,351

-4,734

-34,607

-3,571

-29,315

-12,653

-

3,706

7,455

-

-

-

-

-

-

5,576

-

-

-102

-607

-920

-15,328

-12,358

-1,532

-838

-2,174

-

-

-

-

-

-

-

-

-

-

-

-

Net income

150,712

5,420

14,252

49,794

37,866

17,506

-9,585

62,875

39,288

-80,782

12,916

43,354

40,022

14,755

25,149

-9,602

51,930

-50,470

5,386

30,256

47,204

42,802

20,437

37,936

55,544

48,408

-7,177

-31,366

57,160

51,224

31,822

8,485

67,304

9,280

57,312

75,688

92,909

88,872

73,361

71,902

80,920

72,590

54,571

Net loss attributable to redeemable noncontrolling interest from continuing operations

-120

-105

-109

-

-113

-88

-64

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to redeemable noncontrolling interest from discontinued operations

0

0

0

31

74

299

9

69

-46

374

131

495

163

342

-3

367

5

117

-79

330

84

389

-3

452

19

253

-45

944

339

938

-167

400

173

415

-172

492

9

166

-240

326

-232

136

-156

Net income attributable to Adtalem Global Education

150,832

5,525

14,361

49,498

37,905

17,295

-9,530

62,806

39,334

-81,156

12,785

42,859

39,859

14,413

25,152

-9,969

51,925

-50,587

5,465

29,926

47,120

42,413

20,440

37,484

55,525

48,155

-7,132

-32,310

56,821

50,286

31,989

8,085

67,131

8,865

57,484

75,196

92,900

88,706

73,601

71,576

81,152

72,454

54,727

Amounts attributable to Adtalem Global Education:
Net income from continuing operations

153,551

1,408

17,517

63,613

34,840

41,945

-4,787

97,413

42,905

-51,841

25,438

-

36,153

6,958

-

-

-

-

-

-

41,544

-

-

37,359

56,151

49,328

8,151

-21,062

58,692

52,062

33,996

-

-

-

-

-

-

-

-

-

-

-

-

Income from Continuing Operations, Net of Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,353

51,124

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income from discontinued operations

-2,719

4,117

-3,156

-14,115

3,065

-24,650

-4,743

-34,607

-3,571

-29,315

-12,653

-

3,706

7,455

-

-

-

-

-

-

5,576

-

-

-102

-607

-920

-15,328

-12,358

-1,532

-838

-2,174

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to Adtalem Global Education

150,832

5,525

14,361

49,498

37,905

17,295

-9,530

62,806

39,334

-81,156

12,785

42,859

39,859

14,413

25,152

-

51,925

-

-

29,926

47,120

42,413

20,440

37,484

55,525

48,155

-7,132

-32,310

56,821

50,286

31,989

8,085

67,131

8,865

57,484

75,196

92,900

88,706

73,601

71,576

81,152

72,454

54,727

Earnings (loss) per share attributable to Adtalem Global Education:
Basic:
Continuing operations

2.90

0.03

0.32

1.09

0.60

0.71

-0.08

1.59

0.70

-0.85

0.41

-

0.57

0.11

-

-

-

-

-

-

0.65

-

-

0.59

0.87

0.76

0.13

-0.30

0.91

0.79

0.52

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations

-0.05

0.08

-0.06

-0.24

0.05

-0.42

-0.08

-0.56

-0.06

-0.48

-0.20

-

0.06

0.12

-

-

-

-

-

-

0.08

-

-

0.00

-0.01

-0.01

-0.24

-0.20

-0.02

-0.01

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

Net

2.85

0.10

0.26

0.85

0.65

0.29

-0.16

1.04

0.64

-1.33

0.20

0.67

0.63

0.23

0.40

-0.15

0.81

-0.79

0.08

0.46

0.73

0.66

0.32

0.59

0.86

0.75

-0.11

-0.50

0.89

0.78

0.49

0.13

1.01

0.13

0.84

1.09

1.34

1.26

1.04

0.99

1.14

1.02

0.77

Diluted:
Continuing operations

2.88

0.03

0.31

1.08

0.59

0.70

-0.08

1.59

0.69

-0.85

0.40

-

-0.56

0.11

-

-

-

-

-

-

0.64

-

-

0.58

0.87

0.75

0.13

-0.31

0.91

0.79

0.52

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations

-0.05

0.08

-0.06

-0.24

0.05

-0.41

-0.08

-0.55

-0.06

-0.48

-0.20

-

0.06

0.12

-

-

-

-

-

-

0.08

-

-

0.00

-0.01

-0.01

-0.24

-0.19

-0.03

-0.01

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

Net

2.83

0.10

0.26

0.83

0.64

0.29

-0.16

1.04

0.63

-1.33

0.20

0.67

0.62

0.23

0.39

-0.15

0.81

-0.79

0.08

0.46

0.72

0.65

0.31

0.58

0.86

0.74

-0.11

-0.50

0.88

0.78

0.49

0.13

1.00

0.13

0.83

1.08

1.32

1.25

1.03

0.99

1.12

1.00

0.76

Weighted-average shares outstanding:
Basic shares

52

53

-

-

58

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted shares

53

54

-

-

58

60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Dividends Declared per Common Share

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.18

-

-

0.00

0.18

-

-

0.00

0.18

-

-

0.00

-

-

-

0.00

0.17

-

-

0.00

0.15

-

-

-

0.12

-

-

0.00

0.10

-