Universal technical institute, inc (UTI)
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'10Jun'10
Revenue
Revenues

336,659

335,688

331,504

324,094

319,942

318,859

316,965

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

329,849

335,857

341,552

-

350,884

353,724

356,767

362,674

367,334

373,557

377,033

378,393

378,932

378,557

378,921

380,322

385,831

394,478

405,643

413,629

423,626

432,959

440,880

451,900

448,067

0

0

0

Operating expenses:
Educational services and facilities

172,545

175,458

178,317

182,347

184,248

184,243

182,589

179,554

178,937

177,954

181,027

184,037

186,961

191,897

194,395

197,219

197,865

196,238

194,416

193,103

194,176

196,810

200,054

200,866

201,243

200,922

199,540

203,492

206,973

209,939

211,979

211,885

217,254

221,524

223,628

223,230

0

0

0

Selling, general and administrative

155,376

156,573

160,989

166,038

171,330

173,492

169,651

163,822

156,791

150,101

145,060

151,732

157,482

164,698

171,374

167,950

168,690

165,188

165,124

166,345

166,488

171,344

172,002

174,109

173,910

174,922

174,757

175,421

179,527

182,772

187,397

190,284

189,060

184,336

183,726

180,031

0

0

0

Total operating expenses

327,921

332,031

339,306

348,385

355,578

357,735

352,240

343,376

335,728

328,055

326,087

335,769

344,443

356,595

365,769

377,526

378,912

373,783

371,897

359,448

360,664

368,154

372,056

374,975

375,153

375,844

374,297

378,913

386,500

392,711

399,376

402,169

406,314

405,860

407,354

403,261

0

0

0

(Loss) income from operations

8,738

3,657

-7,802

-24,291

-35,636

-38,876

-35,275

-25,338

-16,322

-6,815

-1,824

-5,920

-8,586

-15,043

-18,623

-26,642

-25,188

-17,016

-9,223

7,886

12,893

8,879

6,337

3,957

3,404

3,077

6,025

6,918

7,978

12,932

14,253

21,457

26,645

35,020

44,546

44,806

0

0

0

Other (expense) income:
Interest expense, net

-

-

-

0

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Interest income

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

261

306

272

265

262

258

276

0

0

0

Interest expense

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliate

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliate

303

404

399

394

390

385

385

404

424

453

484

421

356

335

342

424

512

544

527

521

517

508

471

343

208

81

0

0

0

0

-

-

-

-

-

-

-

-

-

Other (expense) income, net

482

1,710

1,467

1,564

1,406

1,039

1,078

1,013

983

944

1,090

208

8

-183

-49

296

273

282

140

290

429

401

563

766

670

810

655

634

543

511

545

318

402

314

291

450

0

0

0

Total other (expense) income, net

461

1,030

137

207

15

-441

-422

-449

-544

-766

-907

-2,171

-2,679

-2,976

-2,903

-2,357

-1,974

-1,617

-1,458

-1,160

-1,035

-1,082

-590

46

370

946

889

903

814

768

847

584

661

570

543

726

0

0

0

(Loss) income before income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

4,687

-

-24,084

-

-39,317

-35,697

-25,787

-16,866

-7,581

-2,731

-8,091

-11,265

-18,019

-21,526

-28,999

-27,162

-18,633

-10,681

6,726

11,858

7,797

5,747

4,003

3,774

4,023

6,914

7,821

8,792

13,700

15,100

22,041

27,306

35,590

45,089

45,532

0

0

0

Income tax benefit (expense)

-10,746

154

203

273

84

-53

-3,015

-3,349

-2,224

-42

5,397

8,225

6,203

29,721

26,170

19,575

19,318

-4,710

-1,532

4,468

6,259

4,373

3,710

2,587

2,428

1,977

3,013

3,192

3,446

5,502

5,985

9,007

11,249

14,470

18,192

17,959

0

0

0

Net income (loss)

19,938

4,533

-7,868

-24,346

-35,694

-39,264

-32,682

-22,438

-14,642

-7,539

-8,128

-16,316

-17,468

-47,740

-47,696

-48,574

-46,480

-13,923

-9,149

2,258

5,599

3,424

2,037

1,416

1,346

2,046

3,901

4,629

5,346

8,198

9,115

13,034

16,057

21,120

26,897

27,573

0

0

0

Preferred stock dividends

5,264

5,250

5,250

5,250

5,250

5,250

5,250

5,250

5,250

5,250

5,250

5,250

4,042

2,747

1,424

101

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) available for distribution

14,674

-717

-13,118

-29,596

-40,944

-44,514

-37,932

-27,688

-19,892

-12,789

-13,378

-21,566

-21,510

-50,487

-49,120

-41,827

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity interest in investee's unrealized gains on hedging derivatives, net of taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per share (See Note 16):
Net income (loss) per share - basic (in dollars per share)

0.18

0.07

0.17

-0.07

-0.26

-0.36

-0.49

-0.52

-0.40

-0.10

-0.09

-0.21

-0.12

-0.12

-0.42

-0.21

-1.32

-0.07

-0.40

-0.12

0.02

0.12

0.07

0.01

-0.07

0.07

0.05

0.01

-0.04

0.14

0.07

0.04

0.08

0.18

0.23

0.16

0.29

0.42

0.26

Net income (loss) per share - diluted (in dollars per share)

0.18

0.07

0.17

-0.07

-0.26

-0.36

-0.49

-0.52

-0.40

-0.10

-0.09

-0.21

-0.12

-0.12

-0.42

-0.21

-1.32

-0.07

-0.40

-0.12

0.02

0.12

0.07

0.01

-0.07

0.07

0.05

0.01

-0.04

0.14

0.07

0.04

0.08

0.18

0.23

0.16

0.28

0.42

0.25

Weighted average number of shares outstanding:
Basic (in shares)

28,379

25,663

25,521

25,498

25,412

25,321

25,209

25,186

25,057

25,008

24,809

24,748

24,666

24,625

24,403

24,345

24,270

24,234

24,136

24,138

24,463

24,827

24,636

24,618

24,661

24,645

24,483

24,420

24,396

24,761

24,765

24,694

24,692

24,693

24,598

24,462

24,366

24,282

24,146

Diluted (in shares)

49,665

47,059

25,521

25,498

25,412

25,321

25,209

25,186

25,057

25,008

24,809

24,748

24,666

24,625

24,403

24,345

24,270

24,234

23,949

24,138

24,551

24,926

25,262

24,918

24,661

24,839

25,026

24,580

24,396

24,814

25,266

24,835

24,845

24,802

24,942

24,765

24,668

24,585

24,730

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.02

0.02

0.02

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

0.10

-

0.10

0.10

-

-

-

-

-

-

Special cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.50