Strategic Education, Inc. STRA Income Statement

Strategic education, inc. (STRA)

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	Sep'09	Jun'09
Revenues
265,302	263,772	241,747	245,110	246,508	242,103	160,945	114,668	116,469	118,707	108,512	112,720	114,912	119,279	102,156	108,487	111,166	113,660	99,142	109,750	111,885	116,070	100,756	112,747	116,468	124,083	110,031	131,980	137,506	141,933	124,260	146,254	149,532	155,824	135,865	163,789	171,956	171,951	147,597	159,283	157,901	114,351	125,931
Costs and expenses:
Instructional and support costs
132,936	133,323	132,527	130,704	134,050	130,712	103,079	69,299	68,452	84,122	59,755	63,650	61,416	65,924	56,295	61,782	58,098	59,874	55,281	59,245	59,697	61,464	55,927	59,799	59,113	102,041	63,673	71,305	73,427	77,685	72,997	75,652	73,764	72,484	68,170	76,373	74,976	74,153	65,759	66,261	63,384	40,110	40,948
Marketing
-	-	-	-	-	-	-	-	-	-	26,756	19,226	18,718	17,591	25,388	17,748	18,298	17,140	21,593	14,670	16,681	16,307	20,514	13,360	16,314	18,400	23,077	16,228	17,721	18,171	23,171	15,053	15,469	18,659	23,351	16,241	16,042	18,337	23,621	14,461	13,851	27,398	20,029
Admissions advisory
-	-	-	-	-	-	-	-	-	-	4,828	4,779	4,716	4,661	4,691	4,131	4,349	4,160	4,089	4,062	3,993	4,038	4,071	4,433	4,119	4,639	5,188	5,212	5,351	6,641	6,487	6,453	6,793	6,357	6,533	6,450	7,191	6,584	6,583	6,061	6,049	-	-
General and administration
69,226	67,595	72,303	68,374	64,139	68,541	61,976	32,176	31,342	93,455	11,053	13,205	11,619	14,662	10,952	11,930	10,329	10,830	10,925	10,844	11,655	11,637	11,028	11,157	11,013	29,099	11,472	12,978	11,088	10,711	13,769	12,928	12,648	12,956	13,406	14,580	14,522	13,972	13,385	13,809	14,691	19,583	19,875
Amortization of Intangible Assets
15,417	15,416	15,417	15,417	15,417	15,416	10,278	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Integration Related Costs
3,764	10,225	1,500	3,019	7,179	7,954	29,620	2,824	5,347	-	3,414	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	0	0	-	-	13,119	6,185	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustments
-	-	-	-	-	-	-	-	-	-	-5,518	-1,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
221,343	226,559	221,747	217,514	220,785	223,228	218,072	110,484	105,141	107,019	100,288	98,866	96,469	99,625	97,326	95,591	91,074	92,004	91,888	88,821	92,026	93,446	91,540	88,749	90,559	154,179	103,410	105,723	107,587	113,208	116,424	110,086	108,674	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
43,959	37,213	20,000	27,596	25,723	18,875	-57,127	4,184	11,328	11,688	8,224	13,854	18,443	19,654	4,830	12,896	20,092	21,656	7,254	20,929	19,859	22,624	9,216	23,998	25,909	-30,096	6,621	26,257	29,919	28,725	7,836	36,168	40,858	45,368	24,405	50,145	59,225	58,905	38,249	58,691	59,926	27,260	45,079
Other income
2,123	-	3,243	4,125	3,327	-	1,110	447	289	-	141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
-	-	-	-	-	-	-	-	-	-	-	253	181	-	115	112	100	61	44	100	78	72	42	2	1	1	1	0	0	0	1	2	1	3	5	26	118	406	331	247	244	287	375
Interest expense
-	-	-	-	-	-	-	-	-	-	-	160	159	-	161	160	160	161	1,144	1,272	1,273	1,303	1,311	1,281	1,353	1,395	1,391	1,337	1,296	1,244	1,055	1,109	1,208	1,214	1,209	1,167	183	-	-	-	-	-	-
Income before income taxes
46,082	39,710	23,243	31,721	29,050	20,630	-56,017	4,631	11,617	11,869	8,365	13,947	18,465	19,628	4,784	12,848	20,032	21,556	6,154	19,757	18,664	21,393	7,947	22,719	24,557	-31,490	5,231	24,920	28,623	27,481	6,782	35,061	39,651	44,157	23,201	49,004	59,160	59,311	38,580	58,938	60,170	27,547	45,454
Income Tax Expense (Benefit)
10,800	11,123	6,551	7,312	17,600	-1,875	-3,236	-557	2,200	18,364	2,138	3,645	7,887	7,910	1,906	5,062	7,612	8,515	2,431	7,883	7,279	8,450	2,994	9,042	9,774	-12,533	2,082	9,918	11,392	10,855	2,679	13,849	15,662	17,486	9,266	19,357	23,369	23,428	15,239	23,281	23,791	10,881	17,954
Net Income (Loss) Attributable to Parent
35,239	28,537	16,692	24,409	11,500	22,455	-52,781	5,188	9,467	-6,495	6,227	10,302	10,578	11,718	2,878	7,786	12,420	13,041	3,723	11,874	11,385	12,943	4,953	13,677	14,783	-18,957	3,149	15,002	17,231	16,626	4,103	21,212	23,989	26,671	13,935	29,647	35,791	35,883	23,341	35,657	36,379	16,666	27,500
Earnings per share:
Basic (dollars per share)
1.62	1.31	0.77	1.12	0.53	0.58	-2.97	0.48	0.88	-0.61	0.58	0.96	1.00	1.11	0.27	0.73	1.17	1.23	0.35	1.12	1.08	1.23	0.47	1.29	1.40	-1.77	0.30	1.43	1.59	1.47	0.36	1.86	2.10	2.36	1.20	2.54	2.81	2.74	1.73	2.63	2.68	1.22	2.01
Diluted (dollars per share)
1.60	1.30	0.75	1.10	0.52	0.64	-2.97	0.46	0.84	-0.59	0.56	0.92	0.95	1.07	0.27	0.72	1.15	1.21	0.35	1.11	1.06	1.20	0.46	1.29	1.40	-1.76	0.30	1.42	1.59	1.46	0.36	1.85	2.09	2.35	1.20	2.53	2.80	2.73	1.72	2.60	2.65	1.21	2.00
Weighted average shares outstanding:
Basic (in shares)
21,810	21,818	21,806	21,777	21,499	21,337	17,799	10,879	10,745	10,701	10,701	10,680	10,630	10,618	10,616	10,610	10,596	10,593	10,593	10,587	10,579	10,579	10,571	10,565	10,529	10,511	10,510	10,502	10,813	11,278	11,433	11,430	11,419	23,245	11,623	11	12,744	13,078	13,467	13,563	13,596	13,659	13,653
Diluted (in shares)
22,071	22,100	22,129	22,109	22,050	20,270	17,799	11,380	11,311	11,275	11,210	11,190	11,121	10,971	10,828	10,799	10,782	10,781	10,736	10,705	10,738	10,733	10,663	10,623	10,581	10,559	10,552	10,535	10,850	11,313	11,487	11,483	11,477	23,319	11,647	11	12,794	13,150	13,557	13,704	13,729	13,780	13,771
Cash dividend declared per share (in dollars per share)
-	-	-	0.50	-	-	-	0.25	0.25	-	0.25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Regular
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.50	0.50