Perdoceo education corp (CECO)
Income statement / TTM
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'09Jun'09Mar'09
REVENUE:
Total revenue

640,845

627,704

614,758

605,489

591,084

581,296

578,909

578,205

582,391

596,435

608,572

631,211

667,615

704,392

749,084

784,943

819,145

847,273

994,139

973,480

942,824

913,964

796,260

857,605

930,934

1,017,230

694,556

766,541

872,989

1,019,903

1,374,060

1,486,316

1,605,245

1,705,581

1,933,235

2,028,966

2,071,827

2,069,553

2,054,881

1,989,030

1,898,964

1,802,401

0

0

0

OPERATING EXPENSES:
Educational services and facilities

102,528

101,944

102,455

104,338

109,278

109,897

113,414

124,001

130,117

143,344

178,474

192,079

213,735

235,100

237,924

261,419

276,421

289,777

364,676

350,578

336,515

323,259

256,980

286,498

319,948

361,067

198,221

225,842

276,511

324,493

480,126

514,924

529,816

544,708

619,599

624,984

623,890

617,421

622,691

614,401

605,944

593,398

0

0

0

General and administrative

434,360

430,153

428,574

422,353

392,021

390,707

393,997

396,232

394,728

404,965

444,525

457,171

462,407

477,725

459,548

481,002

524,101

564,211

672,888

671,801

655,681

640,454

576,009

625,607

693,187

734,338

541,966

580,197

606,766

630,142

842,514

856,242

857,647

881,735

936,558

1,011,297

1,043,612

1,070,691

1,039,595

983,144

961,958

916,715

0

0

0

Depreciation and amortization

9,551

9,145

9,097

9,177

9,045

9,394

9,671

10,889

12,662

13,990

17,129

18,762

20,088

22,747

22,063

22,810

24,721

24,938

45,191

47,968

50,223

53,382

41,746

48,468

55,213

62,237

38,930

42,218

45,608

48,352

71,789

75,196

75,967

76,387

79,620

75,247

72,122

68,667

67,785

65,910

65,151

64,574

0

0

0

Asset impairment

0

-

-

-

-

-

-

-

-

-

-

-

-

1,164

9,915

43,361

54,733

60,515

73,963

53,455

42,086

36,141

18,954

17,601

21,564

21,647

16,850

5,265

86,680

86,606

88,140

0

0

-

-

0

-

-

0

-

-

-

0

-

-

Total operating expenses

547,051

541,242

540,126

535,868

510,344

509,998

517,082

531,122

537,507

562,299

641,055

668,939

697,157

736,736

729,450

808,592

879,976

939,441

1,156,718

1,123,802

1,084,505

1,053,236

893,689

978,174

1,089,912

1,179,289

795,967

853,522

1,015,565

1,089,593

1,668,741

1,720,674

1,655,037

1,694,354

1,708,528

1,784,633

1,810,053

1,827,208

1,730,425

1,665,955

1,635,553

1,577,187

0

0

0

Operating income

93,794

86,462

74,632

69,621

80,740

71,298

61,827

47,083

44,884

34,136

-32,483

-37,728

-29,542

-32,344

19,634

-23,649

-60,831

-92,168

-162,579

-150,322

-141,681

-139,272

-97,429

-120,569

-158,978

-162,059

-101,411

-86,981

-142,576

-69,690

-294,681

-234,358

-49,792

11,227

224,707

244,333

261,774

242,345

324,456

323,075

263,411

225,214

0

0

0

OTHER INCOME:
Interest income

6,439

6,392

5,943

5,195

4,345

3,539

2,898

2,422

2,144

1,900

1,690

1,550

1,387

1,262

1,146

976

899

794

785

844

905

851

776

747

1,222

1,361

1,331

1,456

1,166

1,191

999

943

736

689

1,198

1,125

1,114

1,138

989

1,125

1,357

2,268

0

0

0

Interest expense

166

167

483

548

614

681

434

440

447

451

455

458

461

584

802

855

909

835

701

634

572

491

519

625

729

1,354

1,173

987

803

134

123

144

155

155

426

412

405

381

268

248

228

225

0

0

0

Loss on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-6,905

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous (expense) income

96

335

339

274

94

196

401

565

953

665

793

607

123

300

-119

-75

161

-436

-88

-181

-776

86

9

-15

609

134

52

38

0

-

0

0

-

1,985

1,985

2,566

1,609

-484

-585

-1,287

-1,028

-788

0

0

0

Total other income

6,369

6,560

5,799

4,921

3,825

3,054

2,865

2,547

2,650

2,114

2,028

1,699

1,049

978

64

-830

-1,642

-2,270

-1,636

-888

-443

446

334

136

909

-6,764

-6,990

-6,503

-6,498

901

890

922

750

2,519

2,757

3,279

2,318

273

136

-410

101

1,255

0

0

0

PRETAX INCOME

100,141

93,000

80,479

74,590

84,613

74,400

64,742

49,680

47,584

36,300

-30,455

-36,029

-28,493

-31,366

19,698

-24,479

-62,473

-94,438

-164,215

-151,210

-142,124

-138,826

-97,095

-120,433

-158,069

-168,823

-108,401

-93,484

-149,074

-68,789

-293,791

-233,436

-49,042

13,746

227,464

247,612

264,092

242,618

324,592

322,665

263,512

226,469

0

0

0

Provision for income taxes

25,625

22,428

23,396

20,832

21,470

18,561

67,509

64,017

66,122

67,125

-14,183

-15,759

-16,184

-16,550

-137,755

-137,741

-143,108

-147,454

-377

704

3,305

3,736

62,663

41,460

13,078

456

-36,443

-30,281

-22,780

-3,948

-56,647

-36,507

8,605

42,457

76,992

83,344

86,973

78,948

110,791

109,850

93,394

79,604

0

0

0

INCOME FROM CONTINUING OPERATIONS

74,538

70,594

57,035

53,710

63,095

55,791

-2,817

-14,387

-18,588

-30,875

-16,272

-20,270

-12,309

-14,816

157,453

113,262

80,635

53,016

-163,838

-151,914

-145,429

-142,562

-159,758

-161,893

-171,147

-169,279

-71,958

-63,203

-126,294

-64,841

-237,144

-196,929

-57,647

-28,711

150,472

164,268

177,119

163,670

213,801

212,815

170,118

146,865

0

0

0

LOSS FROM DISCONTINUED OPERATIONS, net of tax

-241

-612

-498

-550

-625

-610

-455

-720

-984

-1,022

-4,119

-3,829

-4,237

-3,896

-565

-923

-858

-1,131

47,511

32,854

528

-35,601

-23,523

-60,484

-36,056

5,016

-123,191

-78,028

-83,781

-77,955

35,391

38,956

55,261

47,284

652

2,353

-1,533

-5,897

-37,450

-41,803

-56,934

-65,646

0

0

0

NET INCOME

74,297

69,982

56,537

53,160

62,470

55,181

-3,272

-15,107

-19,572

-31,897

-20,391

-24,099

-16,546

-18,712

156,888

112,339

79,777

51,885

-116,327

-119,060

-144,901

-178,163

-183,281

-222,377

-207,203

-164,263

-195,149

-141,231

-210,075

-142,796

-201,753

-157,973

-2,386

18,573

151,124

166,621

175,586

157,773

176,351

171,012

113,184

81,219

0

0

0

OTHER COMPREHENSIVE (LOSS) INCOME, net of tax:
Foreign currency translation adjustments

-37

-41

-127

-35

-238

-100

-183

-57

333

288

148

90

-229

-77

0

0

0

-

-

-

-

-

-

-

-

4,295

11,598

5,867

-6,680

503

-8,299

-20,803

-7,818

-5,015

0

0

0

-

-

-

-

-

-

-

-

Unrealized (loss) gain on investments

-555

683

784

846

583

-34

-232

-338

-435

-194

-91

279

399

699

564

275

101

-27

126

-63

-127

-350

-297

-153

-42

-13

215

-27

-139

-152

-406

-206

-137

-40

0

0

0

-

-

-

-

-

-

-

-

Total other comprehensive (loss) income

-592

642

657

811

345

-134

-415

-395

-102

94

57

369

170

622

707

371

294

-27

0

0

0

-

-

-

-

4,282

11,813

5,840

-6,819

351

-8,705

-21,009

-7,955

-5,055

0

0

0

-

-

-

-

-

-

-

-

COMPREHENSIVE INCOME

73,705

70,624

57,194

53,971

62,815

55,047

-3,687

-15,502

-19,674

-31,803

-20,334

-23,730

-16,376

-18,090

157,595

112,710

80,071

51,858

-116,201

-119,123

-145,028

-178,513

-186,825

-219,303

-201,207

-159,981

-183,336

-135,391

-216,894

-142,445

-210,458

-178,982

-10,341

13,518

0

0

0

-

-

-

-

-

-

-

-

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

638,222

625,056

612,107

602,698

588,263

578,545

576,293

575,819

579,982

593,849

605,781

628,192

664,117

700,525

744,481

779,841

814,156

842,062

985,293

964,875

934,264

905,482

791,171

849,671

921,090

1,004,091

691,776

761,462

864,778

1,005,753

1,344,196

1,451,669

1,561,481

1,650,050

1,870,949

1,950,639

1,990,085

1,990,139

1,974,036

1,911,858

1,823,330

1,729,496

0

0

0

Other [Member]
Total revenue

2,623

2,648

2,651

2,791

2,821

2,751

2,616

2,386

2,409

2,586

2,791

3,019

3,498

3,867

4,603

5,102

4,989

5,211

8,846

8,605

8,560

8,482

5,089

7,934

9,844

13,139

2,780

5,079

8,211

14,150

29,864

34,647

43,764

55,531

62,286

78,327

81,742

79,414

80,845

77,172

75,634

72,905

0

0

0