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Income Statement
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Credit Analysis

Adtalem Global Education Inc. (ATGE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Jun-30-22Jun-30-21Jun-30-20Jun-30-19Jun-30-18Jun-30-17Jun-30-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenue  1,450.81,381.8899.2866.41,013.8960.31,207.91,080.1
            Revenue growth  5.0%53.7%3.8%-14.5%5.6%-20.5%11.8%-43.4%
Operating cost and expense:          
Cost of educational services  648.5659.8457.9457.2471.8461.6638.2569.0
Student services and administrative expense  586.0566.5292.5280.3359.3327.7369.0352.6
Restructuring expense  18.825.66.923.753.13.913.02.4
Business acquisition and integration expense  42.753.231.6     
Gain on sale of assets  -13.3  -287.6-33.6   
    Total operating cost and expense  1,282.71,305.1788.8756.4858.0793.11,072.4924.0
    Operating income  168.276.7110.4110.1155.8167.2135.5156.1
            Operating margin  11.6%5.6%12.3%12.7%15.4%17.4%11.2%14.5%
   
Other income (expense):          
Interest expense  -63.1-129.3-41.4    -5.9
Other income, net  7.01.16.794.9-16.1-11.0  
    Income (loss) from continuing operations before income taxes  112.0-51.575.8205.0  131.3150.8
(Provision for) benefit from income taxes  -10.315.5-12.314.9-32.9-88.19.6-25.3
    Income (loss) from continuing operations  101.8-36.063.4219.9107.268.4120.0125.1
   
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent [Abstract]          
(Loss) income from discontinued operations before income taxes  -8.5-1.09.3-30.415.8-81.73.1-168.1
Benefit from (provision for) income taxes  3.6-125.6-3.212.26.548.0-0.839.9
    (Loss) income from discontinued operations  -8.4346.96.1-305.7-11.3-33.62.3-128.3
Net income  93.4311.069.6134.1202.5102.2123.3122.7
Net income  93.4311.070.0-85.395.233.8122.3-3.2
   
Amounts attributable to Adtalem:          
Continuing operations  101.8-36.063.4219.9107.268.4120.0125.1
Net (loss) income from discontinued operations  -8.4346.96.6-305.3-12.1-34.72.3-128.3
Net income  93.4311.070.0-85.395.233.8122.3-3.2
   
Earnings (loss) per share:          
Basic:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations  0.00.00.00.00.00.00.00.0
   
    Total basic earnings per share  $2.08$6.43$1.36($1.59)$1.63$0.55$1.93($0.05)
   
Diluted:          
Continuing operations  0.00.00.00.00.00.00.00.0
Discontinued operations  0.00.00.00.00.00.00.00.0
    Total diluted earnings per share  $2.05$6.43$1.36($1.58)$1.60$0.54$1.91($0.05)
   
Weighted-average shares outstanding:          

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