ATGE FY 2007 Earnings Report — Adtalem Global Education Inc. Revenue & Financial Results | Market Cap Arena

Adtalem Global Education Inc.ATGE

FY 2007 Earnings

Reported August 24, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$933M	—	$843M	—	10.7%
Op. Income	$102M	—	$68M	—	51.1%
Gross Margin	47.9%	—	46.3%	—	1.5pp
Net Margin	8.2%	—	5.1%	—	3.1pp
EPS (Diluted)	$1.07	—	$0.61	—	75.4%
Free Cash Flow	$87M	—	$66M	—	32.1%

Revenue Flow

Item	Amount
REVENUE	$933M
Cost of Revenue	$487M
GROSS PROFIT	$447M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$359M
SG&A Expenses	$359M
Other Expenses	-$21M
Operating Expenses	$338M
Cost & Expenses	$825M
OPERATING INCOME	$102M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$105M
Income Tax Expense	$29M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$44M
EBIT	$109M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$933M
Cost of Revenue	$487M
GROSS PROFIT	$447M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$359M
SG&A Expenses	$359M
Other Expenses	-$21M
Operating Expenses	$338M
Cost & Expenses	$825M
OPERATING INCOME	$102M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$105M
Income Tax Expense	$29M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$44M
EBIT	$109M
EBITDA	$154M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$44M
Stock-Based Compensation	$5M
Deferred Income Tax	$5M
Other Non-Cash Items	$31M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$39M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$37M
NET CASH FROM INVESTING	-$2M
Net Debt Issuance	-$125M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$4M
Other Financing Activities	$972.0K
NET CASH FROM FINANCING	-$124M
FREE CASH FLOW	$87M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$0
Net Receivables	$43M
Inventory	$141.0K
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$219M
PP&E (Net)	$259M
Goodwill	$291M
Intangible Assets	$57M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$625M
TOTAL ASSETS	$844M
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$37M
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$166M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$202M
Common Stock	$716.0K
Additional Paid-In Capital	$144M
Retained Earnings	$511M
Treasury Stock	-$12M
Accum. Other Comp. Income	-$918.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$642M
Minority Interest	$0
TOTAL EQUITY	$642M
TOTAL LIABILITIES & EQUITY	$844M
Total Debt	$0
Net Debt	-$129M