ATGE FY 2021 Earnings Report — Adtalem Global Education Inc. Revenue & Financial Results | Market Cap Arena

Adtalem Global Education Inc.ATGE

FY 2021 Earnings

Reported August 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$899M	—	—	—	—
Op. Income	$110M	—	—	—	—
Gross Margin	49.1%	—	—	—	—
Net Margin	7.8%	—	—	—	—
EPS (Diluted)	$1.49	—	—	—	—
Free Cash Flow	$144M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$899M
Cost of Revenue	$458M
GROSS PROFIT	$441M
R&D Expenses	$0
Selling & Marketing	$73M
General & Administrative	$220M
SG&A Expenses	$292M
Other Expenses	$38M
Operating Expenses	$331M
Cost & Expenses	$789M
OPERATING INCOME	$110M
Interest Income	$4M
Interest Expense	$43M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$76M
Income Tax Expense	$12M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$34M
EBIT	$149M
EBITDA	$183M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$899M
Cost of Revenue	$458M
GROSS PROFIT	$441M
R&D Expenses	$0
Selling & Marketing	$73M
General & Administrative	$220M
SG&A Expenses	$292M
Other Expenses	$38M
Operating Expenses	$331M
Cost & Expenses	$789M
OPERATING INCOME	$110M
Interest Income	$4M
Interest Expense	$43M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$76M
Income Tax Expense	$12M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$7M
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$34M
EBIT	$149M
EBITDA	$183M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$85M
Stock-Based Compensation	$13M
Deferred Income Tax	$62.0K
Other Non-Cash Items	$32M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$192M
Capital Expenditure	-$49M
Acquisitions (Net)	$49M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$3M
Other Investing Activities	-$49M
NET CASH FROM INVESTING	-$57M
Net Debt Issuance	$797M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$676M
FREE CASH FLOW	$144M
Net Change in Cash	$813M

Balance Sheet

Item	Amount
Cash & Equivalents	$347M
Short-Term Investments	$0
Net Receivables	$82M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$557M
PP&E (Net)	$468M
Goodwill	$961M
Intangible Assets	$874M
Long-Term Investments	$0
Tax Assets	$51M
Other Non-Current Assets	$119M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.0B
Account Payables	$57M
Short-Term Debt	$0
Deferred Revenue	$150M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$424M
Long-Term Debt	$839M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.5B
Common Stock	$818.0K
Additional Paid-In Capital	$522M
Retained Earnings	$2.3B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$1.1B
Net Debt	$720M