National american university holdings, inc. (NAUH)
Income statement / TTM
May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
REVENUE:
Academic revenue

33,232

12,145

18,567

23,182

26,692

74,330

77,565

79,347

80,595

81,188

82,160

85,477

88,697

93,879

99,802

104,342

108,360

111,259

113,675

116,125

117,099

117,770

117,847

118,782

117,609

116,704

115,525

112,610

109,833

106,687

104,439

101,658

99,216

0

0

0

Auxiliary revenue

1,798

854

1,288

1,541

1,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental income - apartments

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Auxiliary revenue

-

-

-

-

-

-

-

-

4,832

5,151

5,533

5,984

6,306

6,934

7,408

7,755

7,920

8,124

8,079

8,185

9,076

9,402

9,929

10,332

10,259

11,328

10,410

9,264

7,992

5,883

5,942

6,133

6,153

0

0

0

Rental income apartments

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental income - apartments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental income - apartments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,092

1,076

1,073

1,069

1,052

1,032

1,017

990

0

0

0

Condominium sales

646

1,008

801

822

817

455

455

220

0

0

0

0

-

-

-

-

447

447

667

667

440

650

430

430

210

0

0

0

-

-

-

-

449

0

0

0

Other real estate income

203

345

296

245

193

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

37,265

15,749

22,353

27,203

30,964

80,184

83,288

85,253

86,587

87,491

88,838

92,594

96,113

101,932

108,337

113,236

117,891

120,993

123,584

126,128

127,753

128,947

129,328

130,655

129,176

129,124

127,011

122,947

118,894

113,847

111,638

109,033

106,808

0

0

0

OPERATING EXPENSES:
Cost of educational services

11,208

6,314

7,561

8,559

9,105

26,608

28,003

28,089

27,657

27,307

25,930

26,265

26,093

26,394

27,469

27,714

28,551

29,180

29,087

29,606

29,478

29,328

29,139

29,058

29,188

29,304

29,211

28,614

27,831

26,406

25,063

23,688

22,575

0

0

0

Selling, general and administrative

30,258

19,154

23,919

28,094

30,530

59,044

60,548

60,665

61,639

63,959

66,310

69,690

72,211

74,942

75,166

73,662

73,301

74,035

77,464

81,706

85,286

86,531

85,864

84,707

82,906

81,739

82,121

81,122

77,476

74,614

68,846

66,295

64,474

0

0

0

Auxiliary expense

1,169

483

817

998

1,238

2,862

2,767

3,169

3,477

3,771

4,107

4,450

4,667

5,075

5,427

5,592

5,629

5,684

5,433

5,569

6,236

6,441

6,856

6,907

6,780

7,663

6,818

5,950

4,747

2,888

2,869

2,854

2,888

0

0

0

Cost of condominium sales

507

789

636

662

709

427

427

236

0

0

0

0

-

-

-

-

368

368

560

563

386

578

386

383

192

0

0

0

-

-

-

-

381

0

0

0

Loss on lease termination and acceleration

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on impairment and disposition of property and equipment

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on lease termination

-

-

-

-43

-

-

-

-647

-285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on impairment and disposition of property and equipment

-

-

-

-2,853

-

-

-

-720

-767

-9

-678

-741

-735

-702

-31

32

1,710

1,491

1,494

1,467

-114

36

30

70

-100

0

0

0

-

-

-

-

-

-

-

-

Loss (gain) on disposition of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

100

60

-82

0

0

0

Total operating expenses

44,156

35,878

41,777

39,253

42,246

92,418

94,148

93,526

93,825

95,046

97,025

101,146

103,706

107,113

108,093

106,936

106,139

107,776

111,050

115,977

121,500

122,842

122,215

120,985

119,166

118,575

118,021

115,571

109,734

103,982

96,866

92,965

90,400

0

0

0

OPERATING LOSS

-6,891

-20,129

-19,424

-12,050

-11,282

-12,234

-10,860

-8,273

-7,238

-7,555

-8,187

-8,552

-7,593

-5,181

244

6,300

11,752

13,217

12,534

10,151

6,253

6,105

7,113

9,670

10,010

10,549

8,990

7,376

9,160

9,865

14,772

16,068

16,408

0

0

0

OTHER INCOME (EXPENSE):
Interest income

136

113

90

87

76

88

102

100

102

102

92

90

87

82

81

68

148

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

117

123

123

133

141

148

149

148

0

0

0

Interest expense

1,291

1,216

994

920

846

839

839

845

850

855

861

865

870

874

877

881

891

874

822

747

770

819

938

1,043

1,044

1,070

1,018

847

594

316

81

0

-

0

0

-

Other expense - net

-17

-119

-241

-115

-72

221

227

216

209

128

159

173

178

173

166

162

178

172

169

163

149

146

132

116

107

106

116

125

121

118

112

128

123

0

0

0

Total other expense

-1,172

-1,222

-1,145

-948

-842

-530

-510

-529

-539

-625

-610

-602

-605

-619

-630

-651

-565

-554

-450

-369

-479

-529

-709

-821

-826

-847

-779

-599

-340

-57

179

277

271

0

0

0

Loss from Continuing Operations before Income Taxes

-8,063

-21,351

-20,569

-12,998

-12,124

-12,764

-11,370

-8,802

-7,777

-8,180

-8,797

-9,154

-8,198

-5,800

-386

5,649

11,187

12,663

12,084

9,782

5,774

5,576

6,404

8,849

9,184

9,702

8,211

6,777

8,820

9,808

14,951

16,345

16,679

0

0

0

INCOME TAX (EXPENSE) BENEFIT

31

8

-68

-22

-271

-564

-338

-800

-1,550

-1,914

-3,180

-3,109

-2,894

-1,725

336

2,361

4,433

4,833

4,605

3,780

2,306

2,297

2,635

3,578

3,698

3,804

3,424

2,897

3,683

3,918

5,688

6,283

6,375

0

0

0

NET LOSS

-

-21,617

-20,759

-13,234

-

-12,200

-11,032

-8,002

-6,227

-6,266

-5,617

-6,045

-5,304

-4,075

-722

3,288

6,754

7,830

7,479

6,002

3,468

3,279

3,769

5,271

5,486

5,898

4,787

3,880

5,137

5,890

9,263

10,062

10,304

0

0

0

Net Income Attributable to Non-Controlling Interest

48

58

58

53

50

43

40

45

48

48

52

50

44

47

45

51

38

35

31

18

-17

-17

-9

-10

40

34

3

18

88

92

117

113

38

0

0

0

NET LOSS ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC. AND SUBSIDIARIES

-25,093

-21,675

-20,817

-13,287

-12,161

-12,243

-11,072

-8,047

-6,275

-6,314

-5,669

-6,095

-5,348

-4,122

-767

3,237

6,716

7,795

7,448

5,984

3,485

3,296

3,778

5,281

5,446

5,864

4,784

3,862

5,049

5,798

9,146

9,949

10,266

0

0

0

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Unrealized gains (losses) on investments, net of tax benefit (expense) Income tax benefit related to items of other comprehensive loss

0

-2

9

10

4

6

-2

-12

-2

0

-3

4

-1

-4

-2

6

2

9

-2

-10

-10

-3

-3

-14

-31

-37

-49

-57

-47

0

0

0

-

0

0

0

Reclassification to earnings of realized losses included in other income-net, net of tax of $0, $0 and $(8) for 2015, 2014 and 2013, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Reclassification to earnings of realized losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-47

0

0

0

-

-

-

-

COMPREHENSIVE INCOME ATTRIBUTABLE TO NATIONAL AMERICAN UNIVERSITY HOLDINGS, INC.

-25,093

-21,677

-20,808

-13,277

-12,157

-12,237

-11,074

-8,059

-6,277

-6,314

-5,672

-6,091

-5,349

-4,126

-769

3,243

6,718

7,804

7,446

5,974

3,475

3,285

3,778

5,280

5,428

5,848

4,745

3,805

5,002

5,749

9,090

9,897

10,242

0

0

0

Basic net loss attributable to National American University Holdings, Inc.
Net income per share - basic

-0.17

-0.19

-0.46

-0.20

-0.03

-0.15

-0.16

-0.16

-0.04

-0.10

-0.03

-0.09

-0.04

-0.08

-0.05

-0.05

0.01

0.06

0.11

0.09

0.06

0.04

0.05

-0.01

0.05

0.06

0.11

-0.01

0.06

0.02

0.07

0.04

0.09

0.15

0.10

0.05

Diluted net loss attributable to National American University Holdings, Inc.
Net income per share - diluted

-0.17

-0.19

-0.46

-0.20

-0.03

-0.15

-0.16

-0.16

-0.04

-0.10

-0.03

-0.09

-0.04

-0.08

-0.05

-0.05

0.01

0.06

0.11

0.09

0.06

0.04

0.05

-0.01

0.05

0.06

0.11

-0.01

0.06

0.02

0.07

0.04

0.09

0.14

0.10

0.05

Basic weighted average shares outstanding

24,532

24,465

24,389

24,298

24,289

24,269

24,219

24,181

24,177

24,177

24,148

24,114

24,099

24,152

25,164

25,190

25,187

25,181

25,151

25,122

25,113

25,108

25,094

25,056

25,491

25,582

25,576

25,574

25,765

26,592

26,884

26,710

26,339

26,122

26,242

26,242

Diluted weighted average shares outstanding

24,532

24,465

24,389

24,298

24,289

24,269

24,219

24,181

24,177

24,177

24,148

24,114

24,099

24,152

25,164

25,190

25,163

25,191

25,166

25,141

25,110

25,114

25,096

25,056

25,492

25,592

25,586

25,574

25,823

26,643

27,009

27,076

26,598

26,846

26,814

27,083