ATGE FY 2011 Earnings Report — Adtalem Global Education Inc. Revenue & Financial Results | Market Cap Arena

Adtalem Global Education Inc.ATGE

FY 2011 Earnings

Reported August 26, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.9B	—	14.0%
Op. Income	$494M	—	$411M	—	20.3%
Gross Margin	57.6%	—	56.9%	—	0.7pp
Net Margin	15.1%	—	14.6%	—	0.5pp
EPS (Diluted)	$4.68	—	$3.87	—	20.9%
Free Cash Flow	$272M	—	$261M	—	4.5%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$926M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$763M
SG&A Expenses	$763M
Other Expenses	$0
Operating Expenses	$763M
Cost & Expenses	$1.7B
OPERATING INCOME	$494M
Interest Income	$2M
Interest Expense	$1M
Other Income/Expenses	$257.0K
INCOME BEFORE TAX	$494M
Income Tax Expense	$164M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$330M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$330M
D&A	$65M
EBIT	$496M
EBITDA	$560M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$926M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$763M
SG&A Expenses	$763M
Other Expenses	$0
Operating Expenses	$763M
Cost & Expenses	$1.7B
OPERATING INCOME	$494M
Interest Income	$2M
Interest Expense	$1M
Other Income/Expenses	$257.0K
INCOME BEFORE TAX	$494M
Income Tax Expense	$164M
Net Income from Continuing Ops	$335M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$330M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$330M
D&A	$65M
EBIT	$496M
EBITDA	$560M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$331M
Depreciation & Amortization	$65M
Stock-Based Compensation	$14M
Deferred Income Tax	$24M
Other Non-Cash Items	$91M
Change in Working Capital	-$117M
OPERATING CASH FLOW	$408M
Capital Expenditure	-$136M
Acquisitions (Net)	-$3M
Purchases of Investments	-$101.0K
Sales/Maturities of Investments	$13M
Other Investing Activities	-$627.0K
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	$0
Common Stock Repurchased	-$133M
Common Dividends Paid	-$16M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$140M
FREE CASH FLOW	$272M
Net Change in Cash	$139M

Balance Sheet

Item	Amount
Cash & Equivalents	$447M
Short-Term Investments	$3M
Net Receivables	$115M
Inventory	$0
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$625M
PP&E (Net)	$468M
Goodwill	$524M
Intangible Assets	$195M
Long-Term Investments	$13M
Tax Assets	$0
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.9B
Account Payables	$64M
Short-Term Debt	$0
Deferred Revenue	$76M
Other Current Liabilities	$130M
TOTAL CURRENT LIABILITIES	$316M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$69M
TOTAL NON-CURRENT LIABILITIES	$138M
TOTAL LIABILITIES	$454M
Common Stock	$738.0K
Additional Paid-In Capital	$248M
Retained Earnings	$1.4B
Treasury Stock	-$243M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$7M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$0
Net Debt	-$447M