​

​

Three Months Ended

​

Year Ended

​

​

Sept. 30,

​

June 30,

​

March 31,

​

Dec. 31,

​

Sept. 30,

​

June 30,

​

June 30,

​

​

2021

​

2021

​

2021

​

2020

​

2020

​

2021

​

2020

Revenue

​

$

289,070

​

$

223,466

​

$

230,213

​

$

234,396

​

$

218,826

​

$

906,901

​

$

866,427

Operating cost and expense:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cost of educational services

​

152,050

​

116,408

​

114,977

​

120,827

​

105,693

​

457,905

​

457,165

Student services and administrative expense

​

129,436

​

74,980

​

74,412

​

72,260

​

70,830

​

292,482

​

280,291

Restructuring expense

​

3,094

​

1,570

​

1,217

​

1,166

​

2,916

​

6,869

​

23,683

Business acquisition and integration expense

​

26,553

​

3,432

​

3,646

​

11,079

​

13,436

​

31,593

​

—

Gain on sale of assets

​

—

​

—

​

—

​

—

​

—

​

—

​

(4,779)

Total operating cost and expense

​

311,133

​

196,390

​

194,252

​

205,332

​

192,875

​

788,849

​

756,360

Operating income (loss)

​

(22,063)

​

27,076

​

35,961

​

29,064

​

25,951

​

118,052

​

110,067

Other income (expense):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest and dividend income

​

878

​

961

​

910

​

1,219

​

1,004

​

4,094

​

3,688

Interest expense

​

(47,393)

​

(25,382)

​

(8,555)

​

(3,736)

​

(3,692)

​

(41,365)

​

(19,510)

Investment gain

​

​

—

​

​

636

​

​

479

​

​

1,005

​

​

518

​

​

2,638

​

​

18

Gain on derivative

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

110,723

Net other income (expense)

​

(46,515)

​

(23,785)

​

(7,166)

​

(1,512)

​

(2,170)

​

(34,633)

​

94,919

Income (loss) from continuing operations before income taxes

​

(68,578)

​

3,291

​

28,795

​

27,552

​

23,781

​

83,419

​

204,986

(Provision for) benefit from income taxes

​

(8,604)

​

(726)

​

(4,557)

​

(3,611)

​

(4,195)

​

(13,089)

​

14,939

Income (loss) from continuing operations

​

(77,182)

​

2,565

​

24,238

​

23,941

​

19,586

​

70,330

​

219,925

Discontinued operations:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income (loss) from discontinued operations before income taxes

​

(6,050)

​

7,326

​

1,416

​

72

​

671

​

9,485

​

(30,386)

Loss on disposal of discontinued operations before income taxes (includes ($293,360) accumulated other comprehensive income reclassifications for realized loss on foreign currency translation adjustments for the year ended June 30, 2020)

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(287,560)

(Provision for) benefit from income taxes

​

25,228

​

(954)

​

(1,104)

​

(864)

​

(418)

​

(3,340)

​

12,243

Income (loss) from discontinued operations

​

19,178

​

6,372

​

312

​

(792)

​

253

​

6,145

​

(305,703)

Net income (loss)

​

(58,004)

​

8,937

​

24,550

​

23,149

​

19,839

​

76,475

​

(85,778)

Net loss attributable to redeemable noncontrolling interest

​

—

​

75

​

102

​

166

​

91

​

434

​

444

Net income (loss) attributable to Adtalem Global Education

​

$

(58,004)

​

$

9,012

​

$

24,652

​

$

23,315

​

$

19,930

​

$

76,909

​

$

(85,334)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amounts attributable to Adtalem Global Education:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net income (loss) from continuing operations

​

$

(77,182)

​

$

2,565

​

$

24,238

​

$

23,941

​

$

19,586

​

$

70,330

​

$

219,925

Net income (loss) from discontinued operations

​

19,178

​

6,447

​

414

​

(626)

​

344

​

6,579

​

(305,259)

Net income (loss) attributable to Adtalem Global Education

​

$

(58,004)

​

$

9,012

​

$

24,652

​

$

23,315

​

$

19,930

​

$

76,909

​

$

(85,334)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings (loss) per share attributable to Adtalem Global Education:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Continuing operations

​

$

(1.55)

​

$

0.05

​

$

0.48

​

$

0.46

​

$

0.37

​

$

1.37

​

$

4.10

Discontinued operations

​

$

0.39

​

$

0.13

​

$

0.01

​

$

(0.01)

​

$

0.01

​

$

0.13

​

$

(5.69)

Net

​

$

(1.17)

​

$

0.18

​

$

0.49

​

$

0.45

​

$

0.38

​

$

1.50

​

$

(1.59)

Diluted:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Continuing operations

​

$

(1.55)

​

$

0.05

​

$

0.47

​

$

0.46

​

$

0.37

​

$

1.36

​

$

4.07

Discontinued operations

​

$

0.39

​

$

0.13

​

$

0.01

​

$

(0.01)

​

$

0.01

​

$

0.13

​

$

(5.64)

Net

​

$

(1.17)

​

$

0.18

​

$

0.48

​

$

0.44

​

$

0.38

​

$

1.49

​

$

(1.58)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted-average shares outstanding:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic shares

​

​

49,663

​

​

49,884

​

​

50,658

​

​

52,251

​

​

52,464

​

​

51,322

​

​

53,659

Diluted shares

​

​

49,663

​

​

50,326

​

​

51,111

​

​

52,441

​

​

52,797

​

​

51,645

​

​

54,094