Strategic Education, Inc. STRA Income Statement

Strategic education, inc. (STRA)

Income statement / TTM

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
1,015,931	997,137	975,468	894,666	764,224	634,185	510,789	458,356	456,408	454,851	455,423	449,067	444,834	441,088	435,469	432,455	433,718	434,437	436,847	438,461	441,458	446,041	454,054	463,329	482,562	503,600	521,450	535,679	549,953	561,979	575,870	587,475	605,010	627,434	643,561	655,293	650,787	636,732	579,132	557,466	0	0	0
Costs and expenses:
Instructional and support costs
529,490	530,604	527,993	498,545	437,140	371,542	324,952	281,628	275,979	268,943	250,745	247,285	245,417	242,099	236,049	235,035	232,498	234,097	235,687	236,333	236,887	236,303	276,880	284,626	296,132	310,446	286,090	295,414	299,761	300,098	294,897	290,070	290,791	292,003	293,672	291,261	281,149	269,557	235,514	210,703	0	0	0
Marketing
-	-	-	-	-	-	-	-	-	-	82,291	80,923	79,445	79,025	78,574	74,779	71,701	70,084	69,251	68,172	66,862	66,495	68,588	71,151	74,019	75,426	75,197	75,291	74,116	71,864	72,352	72,532	73,720	74,293	73,971	74,241	72,461	70,270	79,331	75,739	0	0	0
Admissions advisory
-	-	-	-	-	-	-	-	-	-	18,984	18,847	18,199	17,832	17,331	16,729	16,660	16,304	16,182	16,164	16,535	16,661	17,262	18,379	19,158	20,390	22,392	23,691	24,932	26,374	26,090	26,136	26,133	26,531	26,758	26,808	26,419	25,277	0	0	0	-	-
General and administration
277,498	272,411	273,357	263,030	226,832	194,035	218,949	168,026	149,055	129,332	50,539	50,438	49,163	47,873	44,041	44,014	42,928	44,254	45,061	45,164	45,477	44,835	62,297	62,741	64,562	64,637	46,249	48,546	48,496	50,056	52,301	51,938	53,590	55,464	56,480	56,459	55,688	55,857	61,468	67,958	0	0	0
Amortization of Intangible Assets
61,667	61,667	61,667	56,528	41,111	25,694	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Integration Related Costs
18,508	21,923	19,652	47,772	47,577	45,745	41,205	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair Value Adjustments
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total costs and expenses
887,163	886,605	883,274	879,599	772,569	656,925	540,716	422,932	411,314	402,642	395,248	392,286	389,011	383,616	375,995	370,557	363,787	364,739	366,181	365,833	365,761	364,294	425,027	436,897	453,871	470,899	429,928	442,942	447,305	448,392	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating Income (Loss)
128,768	110,532	92,194	15,067	-8,345	-22,740	-29,927	35,424	45,094	52,209	60,175	56,781	55,823	57,472	59,474	61,898	69,931	69,698	70,666	72,628	75,697	81,747	29,027	26,432	28,691	32,701	91,522	92,737	102,648	113,587	130,230	146,799	160,776	179,143	192,680	206,524	215,070	215,771	184,126	190,956	0	0	0
Other income
0	-	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment income
-	-	-	-	-	-	-	-	-	-	-	684	543	-	388	317	305	283	294	292	194	117	46	5	3	2	1	1	3	4	7	11	35	152	555	881	1,102	1,228	1,109	1,153	0	0	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	641	641	-	642	1,625	2,737	3,850	4,992	5,159	5,168	5,248	5,340	5,420	5,476	5,419	5,268	4,932	4,704	4,616	4,586	4,740	4,798	3,773	0	0	0	-	-	-	-	-	-
Income before income taxes
140,756	123,724	104,644	25,384	-1,706	-19,139	-27,900	36,482	45,798	52,646	60,405	56,824	55,725	57,292	59,220	60,590	67,499	66,131	65,968	67,761	70,723	76,616	23,733	21,017	23,218	27,284	86,255	87,806	97,947	108,975	125,651	142,070	156,013	175,522	190,676	206,055	215,989	216,999	185,235	192,109	0	0	0
Income Tax Expense (Benefit)
35,786	42,586	29,588	19,801	11,932	-3,468	16,771	22,145	26,347	32,034	21,580	21,348	22,765	22,490	23,095	23,620	26,441	26,108	26,043	26,606	27,765	30,260	9,277	8,365	9,241	10,859	34,247	34,844	38,775	43,045	49,676	56,263	61,771	69,478	75,420	81,393	85,317	85,739	73,192	75,907	0	0	0
Net Income (Loss) Attributable to Parent
104,877	81,138	75,056	5,583	-13,638	-15,671	-44,621	14,387	19,501	20,612	38,825	35,476	32,960	34,802	36,125	36,970	41,058	40,023	39,925	41,155	42,958	46,356	14,456	12,652	13,977	16,425	52,008	52,962	59,172	65,930	75,975	85,807	94,242	106,044	115,256	124,662	130,672	131,260	112,043	116,202	0	0	0
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