Zovio inc (ZVO)
Income statement / Quarterly
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'11Sep'10Jun'10
Revenue

97,872

96,285

104,251

107,495

109,764

94,713

112,846

119,037

116,777

-

118,419

124,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

-

-

-

-

-

-

-

-

-

-

-

-

129,490

-

136,583

137,970

133,002

131,392

140,762

147,057

142,518

147,259

162,654

171,522

157,270

162,225

182,768

193,470

212,986

206,521

245,917

249,534

241,433

203,164

242,771

239,880

229,432

190,911

173,840

Costs and expenses:
Instructional costs and services

46,381

51,298

51,406

55,088

51,938

51,580

55,109

54,397

56,614

-

56,741

61,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Instructional costs and services

-

-

-

-

-

-

-

-

-

-

-

-

63,039

-

64,095

66,448

69,586

65,840

69,197

71,410

75,049

75,438

79,707

76,853

83,081

85,211

83,562

99,603

97,028

97,485

84,666

79,719

81,202

101,450

69,611

62,012

55,809

50,191

43,257

Admissions advisory and marketing

41,733

36,071

40,838

44,810

49,072

38,780

41,902

39,875

48,194

43,256

43,669

43,702

44,762

45,408

52,590

52,531

51,677

48,948

47,794

48,495

52,347

53,055

56,783

55,518

65,778

-

64,507

57,582

-

-

-

-

-

107,617

68,848

62,188

58,966

54,963

50,096

General and administrative

17,490

16,565

17,389

22,532

15,920

13,952

13,731

12,549

12,748

10,362

11,441

13,551

12,027

12,134

11,604

11,650

13,455

13,674

13,346

13,246

16,322

12,764

15,583

16,737

16,269

25,015

15,175

17,152

18,739

12,566

16,870

14,747

25,314

-38,422

34,539

33,131

28,545

23,331

21,257

Legal settlement expense

-

-

0

0

-

-

0

141

-

-

0

0

-

-

16,752

2,292

13,874

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairment expense

2,763

13,575

2,467

5,394

29

3,999

1,225

2,729

-159

678

8,004

0

0

16,510

365

1,692

709

-

44,904

14,418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total costs and expenses

108,367

117,509

112,100

127,824

116,959

108,311

111,967

109,691

117,397

110,603

119,855

118,401

119,828

137,430

145,406

134,613

149,301

137,496

175,241

147,569

143,718

158,085

152,073

149,108

165,128

172,095

163,244

174,337

173,310

175,290

198,270

181,660

196,558

170,645

172,998

157,331

143,320

128,485

114,610

Operating loss

-10,495

-21,224

-7,849

-20,329

-7,195

-13,598

879

9,346

-620

-7,980

-1,436

6,180

9,662

-21,467

-8,823

3,357

-16,299

-6,104

-34,479

-512

-1,200

-10,826

10,581

22,414

-7,858

-9,870

19,524

19,133

39,676

31,231

47,647

67,874

44,875

32,519

69,773

82,549

86,112

62,426

59,230

Other (expense) income, net

-262

-25

144

297

599

148

367

282

250

346

381

341

443

414

557

652

683

607

465

345

689

725

1,080

712

367

711

786

748

837

912

996

883

740

933

608

657

673

335

370

Loss before income taxes

-10,757

-21,249

-7,705

-20,032

-6,596

-13,450

1,246

9,628

-370

-7,634

-1,055

6,521

10,105

-21,053

-8,266

4,009

-15,616

-5,497

-34,014

-167

-511

-10,101

11,661

23,126

-7,491

-9,159

20,310

19,881

40,513

32,143

48,643

68,757

45,615

33,452

70,381

83,206

86,785

62,761

59,600

Income tax (benefit) expense

-12,777

1,766

-147

-2,435

46

-35

-415

-5,452

-1,680

-456

-1,161

207

236

-4,253

1,211

671

-5,504

1,190

28,732

483

-140

-4,853

5,370

10,171

-3,161

-4,050

6,099

7,767

15,846

12,318

18,464

26,049

17,181

12,253

26,570

31,057

32,866

26,623

24,330

Net income (loss)

2,020

-23,015

-7,558

-17,597

-6,642

-13,415

1,661

15,080

1,310

-7,178

106

6,314

9,869

-16,800

-9,477

3,338

-10,112

-6,687

-62,746

-650

-371

-5,248

6,291

12,955

-4,330

-5,109

14,211

12,114

24,667

19,825

30,179

42,708

28,434

21,199

43,811

52,149

53,919

36,138

35,270

Income (loss) per share:
Earnings Per Share, Basic (in dollars per share)

0.07

-0.79

-0.25

-0.58

-0.24

-0.49

0.06

0.56

0.05

-0.17

0.00

0.22

0.23

-0.36

-0.20

0.07

-0.22

-0.15

-1.37

-0.01

-0.01

-0.12

0.14

0.29

-0.10

-0.09

0.26

0.22

0.46

0.37

0.57

0.81

0.55

0.41

0.85

0.99

1.02

0.68

0.65

Earnings Per Share, Diluted (in dollars per share)

0.06

-0.79

-0.25

-0.58

-0.24

-0.49

0.06

0.55

0.05

-0.16

0.00

0.21

0.23

-0.36

-0.20

0.07

-0.22

-0.15

-1.37

-0.01

-0.01

-0.11

0.14

0.28

-0.10

-0.09

0.25

0.22

0.45

0.36

0.54

0.76

0.51

0.39

0.78

0.90

0.92

0.61

0.58

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

-

-

-7,558

-17,597

-

-

1,661

15,080

1,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average number of common shares outstanding used in computing income (loss) per share:
Basic (in shares)

30,340

30,310

30,263

30,215

27,180

27,145

27,061

27,170

27,164

28,091

29,123

28,918

42,100

46,375

46,315

46,289

45,933

45,804

45,754

45,674

45,428

45,385

45,301

45,233

44,897

-

54,336

54,136

-

-

-

-

-

51,455

51,822

52,911

52,976

53,482

54,608

Diluted (in shares)

32,056

30,310

30,263

30,215

27,180

27,751

27,589

27,348

27,564

28,576

29,671

29,932

42,997

45,663

46,315

47,001

45,933

45,804

45,754

45,674

45,428

48,174

46,474

46,503

44,897

-

56,431

55,634

-

-

-

-

-

55,635

56,375

57,939

58,583

59,330

60,728