PERDOCEO EDUCATION CORP CECO Income Statement

Perdoceo education corp (CECO)

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
REVENUE:
Total revenue
170,994	158,451	154,959	156,441	157,853	145,505	145,690	142,036	148,065	143,118	144,986	146,222	162,109	155,255	167,625	182,626	198,886	199,947	203,484	216,828	227,014	346,813	182,825	186,172	198,154	229,109	244,170	259,501	284,450	-93,565	316,155	365,949	431,364	260,592	428,411	484,878	531,700	488,246	524,142	527,739	529,426	473,574	458,291	437,673	432,863
OPERATING EXPENSES:
Educational services and facilities
26,911	24,949	25,318	25,350	26,327	25,460	27,201	30,290	26,946	28,977	37,788	36,406	40,173	64,107	51,393	58,062	61,538	66,931	74,888	73,064	74,894	141,830	60,790	59,001	61,638	75,551	90,308	92,451	102,757	-87,295	117,929	143,120	150,739	68,338	152,727	158,012	165,631	143,229	158,112	156,918	159,162	148,499	149,822	148,461	146,616
General and administrative
103,529	99,096	103,063	128,672	99,322	97,517	96,842	98,340	98,008	100,807	99,077	96,836	108,245	140,367	111,723	102,072	123,563	122,190	133,177	145,171	163,673	230,867	132,090	129,051	148,446	166,422	181,688	196,631	189,597	-25,950	219,919	223,200	212,973	186,422	233,647	224,605	237,061	241,245	308,386	256,920	264,140	210,149	251,935	235,734	218,897
Depreciation and amortization
2,639	2,393	2,284	2,235	2,233	2,345	2,364	2,103	2,582	2,622	3,582	3,876	3,910	5,761	5,215	5,202	6,569	5,077	5,962	7,113	6,786	25,330	8,739	9,368	9,945	13,694	15,461	16,113	16,969	-9,613	18,749	19,503	19,713	13,824	22,156	20,274	20,133	17,057	17,783	17,149	16,678	16,175	15,908	16,390	16,101
Asset impairment
600	-	-	-	-	-	-	-	-	-	-	-	-	927	0	0	237	9,678	33,446	11,372	6,019	23,126	12,938	3	74	5,939	11,585	3,966	157	1,142	0	85,381	83	-	-	2,676	-	-	354	-	-	-	2,500	-	-
Total operating expenses
133,691	126,438	130,665	156,257	127,882	125,322	126,407	130,733	127,536	132,406	140,447	137,118	152,328	211,162	168,331	165,336	191,907	203,876	247,473	236,720	251,372	421,153	214,557	197,423	220,103	261,606	299,042	309,161	309,480	-121,716	356,597	471,204	383,508	457,432	408,530	405,567	422,825	471,606	484,635	430,987	439,980	374,823	420,165	400,585	381,614
Operating income
37,303	32,013	24,294	184	29,971	20,183	19,283	11,303	20,529	10,712	4,539	9,104	9,781	-55,907	-706	17,290	6,979	-3,929	-43,989	-19,892	-24,358	-74,340	-31,732	-11,251	-21,949	-32,497	-54,872	-49,660	-25,030	28,151	-40,442	-105,255	47,856	-196,840	19,881	79,311	108,875	16,640	39,507	96,752	89,446	98,751	38,126	37,088	51,249
OTHER INCOME:
Interest income
1,487	1,662	1,698	1,592	1,440	1,213	950	742	634	572	474	464	390	362	334	301	265	246	164	224	160	237	223	285	106	162	194	760	245	132	319	470	270	-60	263	263	223	449	190	252	247	300	326	484	1,158
Interest expense
41	42	43	40	42	358	108	106	109	111	114	113	113	115	117	116	236	333	170	170	162	199	103	108	81	227	209	212	706	46	23	28	37	35	44	39	37	306	30	32	13	193	10	12	10
Loss on sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-715	-917	-	-	-	-	-	68	-39	-222	-6,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous (expense) income
-13	-33	97	45	226	-29	32	-135	328	176	196	253	40	304	10	-231	217	-115	54	5	-380	233	-39	-590	482	156	-63	34	7	-	74	-77	-	17	183	-31	1,816	17	764	-988	-277	-84	62	-729	-37
Total other income
1,433	1,587	1,752	1,597	1,624	826	874	501	853	637	556	604	317	551	227	-46	246	-363	-667	-858	-382	271	81	-413	507	159	-117	360	-7,166	-67	370	365	233	-78	402	193	2,002	160	924	-768	-43	23	378	-257	1,111
PRETAX INCOME
38,736	33,578	26,046	1,781	31,595	21,057	20,157	11,804	21,382	11,399	5,095	9,708	10,098	-55,356	-479	17,244	7,225	-4,292	-44,656	-20,750	-24,740	-74,069	-31,651	-11,664	-21,442	-32,338	-54,989	-49,300	-32,196	28,084	-40,072	-104,890	48,089	-196,918	20,283	79,504	110,877	16,800	40,431	95,984	89,403	98,774	38,504	36,831	52,360
Provision for income taxes
9,604	6,066	7,653	2,302	6,407	7,034	5,089	2,940	3,498	55,982	1,597	5,045	4,501	-25,326	21	4,620	4,135	-146,531	35	-747	-211	546	1,116	1,854	220	59,473	-20,087	-26,528	-12,402	22,574	-13,925	-19,027	6,430	-30,125	6,215	26,085	40,282	4,410	12,567	29,714	32,257	36,253	11,626	13,258	18,467
INCOME FROM CONTINUING OPERATIONS
29,132	27,534	18,393	-521	25,188	13,975	15,068	8,864	17,884	-44,633	3,498	4,663	5,597	-30,030	-500	12,624	3,090	142,239	-44,691	-20,003	-24,529	-74,615	-32,767	-13,518	-21,662	-91,811	-34,902	-22,772	-19,794	5,510	-26,147	-85,863	41,659	-166,793	14,068	53,419	70,595	12,390	27,864	66,270	57,146	62,521	26,878	23,573	33,893
LOSS FROM DISCONTINUED OPERATIONS, net of tax
-26	-18	-159	-38	-397	96	-211	-113	-382	251	-476	-377	-420	-2,846	-186	-785	-79	485	-544	-720	-352	49,127	-15,201	-33,046	-36,481	61,205	-52,162	-8,618	4,591	-67,002	-6,999	-14,371	10,417	46,344	-3,434	1,934	2,440	-288	-1,733	-1,952	-1,924	-31,841	-6,086	-17,083	-10,636
NET INCOME
29,106	27,516	18,234	-559	24,791	14,071	14,857	8,751	17,502	-44,382	3,022	4,286	5,177	-32,876	-686	11,839	3,011	142,724	-45,235	-20,723	-24,881	-25,488	-47,968	-46,564	-58,143	-30,606	-87,064	-31,390	-15,203	-61,492	-33,146	-100,234	52,076	-120,449	10,634	55,353	73,035	12,102	26,131	64,318	55,222	30,680	20,792	6,490	23,257
OTHER COMPREHENSIVE (LOSS) INCOME, net of tax:
Foreign currency translation adjustments
-48	89	-113	35	-52	3	-21	-168	86	-80	105	222	41	-220	47	-97	193	-	-	-	-	-	-	-	-	-3,247	6,474	2,811	-1,743	4,056	743	-9,736	5,440	-4,746	-11,761	3,249	8,243	-	-	-	-	-	-	-	-
Unrealized (loss) gain on investments
-839	-131	44	371	399	-30	106	108	-218	-228	0	11	23	-125	370	131	323	-260	81	-43	195	-107	-108	-107	-28	-54	36	4	1	174	-206	-108	-12	-80	-6	-39	85	-	-	-	-	-	-	-	-
Total other comprehensive (loss) income
-887	-42	-69	406	347	-27	85	-60	-132	-308	105	233	64	-345	417	34	516	-260	81	-43	195	-	-	-	-	-3,301	6,510	2,815	-1,742	4,230	537	-9,844	5,428	-4,826	-11,767	3,210	8,328	-	-	-	-	-	-	-	-
COMPREHENSIVE INCOME
28,219	27,474	18,165	-153	25,138	14,044	14,942	8,691	17,370	-44,690	3,127	4,519	5,241	-33,221	-269	11,873	3,527	142,464	-45,154	-20,766	-24,686	-25,595	-48,076	-46,671	-58,171	-33,907	-80,554	-28,575	-16,945	-57,262	-32,609	-110,078	57,504	-125,275	-1,133	58,563	81,363	-	-	-	-	-	-	-	-
NET INCOME (LOSS) PER SHARE - BASIC:
Income from continuing operations
0.42	0.40	0.26	-0.01	0.36	0.20	0.21	0.13	0.26	-0.65	0.05	0.07	0.08	-	-	0.18	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62	-	0.19	0.71	0.93	0.17	0.35	0.84	0.69	0.74	0.32	0.27	0.38
Loss from discontinued operations
-	-	-	-	-0.01	0.00	0.00	0.00	-0.01	-	-0.01	-0.01	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-0.05	0.03	0.03	-0.01	-0.02	-0.03	-0.02	-0.37	-0.07	-0.20	-0.12
Net income per share
0.42	0.40	0.26	-0.01	0.35	0.20	0.21	0.13	0.25	-0.64	0.04	0.06	0.08	-	-	0.17	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78	-	0.14	0.74	0.96	0.16	0.33	0.81	0.67	0.37	0.25	0.07	0.26
NET INCOME (LOSS) PER SHARE - DILUTED:
Income from continuing operations
0.41	0.39	0.25	-0.01	0.35	0.20	0.21	0.12	0.25	-0.65	0.05	0.07	0.08	-	-	0.18	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.62	-	0.19	0.71	0.92	0.16	0.35	0.82	0.69	0.73	0.32	0.27	0.38
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	0.02	-0.01	-0.01	-0.01	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-0.05	0.02	0.03	0.00	-0.02	-0.02	-0.03	-0.37	-0.07	-0.20	-0.12
Net income per share
0.41	0.38	0.25	-0.01	0.35	0.19	0.21	0.12	0.25	-0.63	0.04	0.06	0.07	-	-	0.17	0.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.78	-	0.14	0.73	0.95	0.16	0.33	0.80	0.66	0.36	0.25	0.07	0.26
NET (LOSS) INCOME PER SHARE - BASIC and DILUTED:
(Loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	2.09	-0.66	-0.29	-0.36	-1.11	-0.49	-0.20	-0.32	-	-0.52	-0.34	-0.30	-	-0.40	-1.30	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.02	-0.01	-0.02	-0.01	0.73	-0.22	-0.49	-0.55	-	-0.78	-0.13	0.07	-	-0.10	-0.22	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	2.11	-0.67	-0.31	-0.37	-0.38	-0.71	-0.69	-0.87	-	-1.30	-0.47	-0.23	-	-0.50	-1.52	-	-	-	-	-	-	-	-	-	-	-	-	-
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic
69,839	70,268	70,142	70,105	69,837	69,771	69,737	69,668	69,216	69,111	69,082	69,025	68,578	68,509	68,460	68,368	68,155	68,052	67,961	67,893	67,534	-	-	-	-	-	-	-	-	-	-	-	66,844	-	73,582	74,882	76,139	161,258	78,919	79,348	82	82,646	83,120	87,496	90,090
Diluted
71,714	74,601	72,142	70,105	71,492	71,457	71,790	71,562	71,119	63,728	70,865	70,884	70,319	67,219	68,460	69,015	68,798	69,924	67,961	67,893	67,534	-	-	-	-	-	-	-	-	-	-	-	66,960	-	74,058	75,533	76,753	163,038	79,819	80,459	83	84,008	83,669	87,833	90,162
Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67,209	67,157	66,994	-	66,849	66,751	66,428	-	66,100	66,034	-	-	-	-	-	-	-	-	-	-	-	-	-
Tuition and Fees [Member]
Total revenue
170,394	157,758	154,291	155,779	157,228	144,809	144,882	141,344	147,510	142,557	144,408	145,507	161,377	154,489	166,819	181,432	197,785	198,445	202,179	215,747	225,691	341,676	181,761	185,136	196,909	227,365	240,261	256,555	279,910	-84,950	309,947	359,871	420,885	253,493	417,420	469,683	509,454	474,392	497,110	509,129	509,508	458,289	434,932	420,601	415,674
Other [Member]
Total revenue
600	693	668	662	625	696	808	692	555	561	578	715	732	766	806	1,194	1,101	1,502	1,305	1,081	1,323	5,137	1,064	1,036	1,245	1,744	3,909	2,946	4,540	-8,615	6,208	6,078	10,479	7,099	10,991	15,195	22,246	13,854	27,032	18,610	19,918	15,285	23,359	17,072	17,189