Perdoceo Education Corp
NASDAQ:PRDO
Income Statement
Earnings Waterfall
Perdoceo Education Corp
Revenue
|
710m
USD
|
Cost of Revenue
|
-130.3m
USD
|
Gross Profit
|
579.7m
USD
|
Operating Expenses
|
-415m
USD
|
Operating Income
|
164.7m
USD
|
Other Expenses
|
-17.1m
USD
|
Net Income
|
147.7m
USD
|
Income Statement
Perdoceo Education Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 017
N/A
|
938
-8%
|
868
-7%
|
807
-7%
|
914
+13%
|
943
+3%
|
973
+3%
|
994
+2%
|
847
-15%
|
947
+12%
|
913
-4%
|
877
-4%
|
704
-20%
|
668
-5%
|
631
-5%
|
609
-4%
|
596
-2%
|
582
-2%
|
578
-1%
|
579
+0%
|
581
+0%
|
591
+2%
|
606
+2%
|
615
+2%
|
628
+2%
|
641
+2%
|
661
+3%
|
675
+2%
|
687
+2%
|
700
+2%
|
699
0%
|
704
+1%
|
693
-2%
|
692
0%
|
685
-1%
|
679
-1%
|
695
+2%
|
708
+2%
|
727
+3%
|
738
+2%
|
710
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(361)
|
(326)
|
(296)
|
(266)
|
(323)
|
(337)
|
(351)
|
(365)
|
(290)
|
(336)
|
(321)
|
(298)
|
(235)
|
(214)
|
(192)
|
(179)
|
(143)
|
(130)
|
(124)
|
(113)
|
(110)
|
(109)
|
(104)
|
(103)
|
(102)
|
(103)
|
(106)
|
(108)
|
(112)
|
(114)
|
(114)
|
(112)
|
(109)
|
(108)
|
(107)
|
(111)
|
(117)
|
(123)
|
(128)
|
(131)
|
(130)
|
|
Gross Profit |
656
N/A
|
612
-7%
|
573
-6%
|
541
-6%
|
591
+9%
|
606
+3%
|
623
+3%
|
630
+1%
|
558
-11%
|
611
+10%
|
592
-3%
|
580
-2%
|
469
-19%
|
454
-3%
|
439
-3%
|
430
-2%
|
453
+5%
|
452
0%
|
454
+0%
|
465
+2%
|
471
+1%
|
482
+2%
|
501
+4%
|
512
+2%
|
526
+3%
|
538
+2%
|
555
+3%
|
567
+2%
|
576
+2%
|
586
+2%
|
586
0%
|
592
+1%
|
584
-1%
|
585
+0%
|
578
-1%
|
568
-2%
|
579
+2%
|
585
+1%
|
599
+2%
|
607
+1%
|
580
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(797)
|
(755)
|
(684)
|
(627)
|
(694)
|
(706)
|
(720)
|
(718)
|
(589)
|
(618)
|
(573)
|
(550)
|
(500)
|
(482)
|
(477)
|
(462)
|
(419)
|
(407)
|
(407)
|
(404)
|
(400)
|
(401)
|
(432)
|
(438)
|
(439)
|
(444)
|
(423)
|
(428)
|
(432)
|
(440)
|
(441)
|
(442)
|
(435)
|
(432)
|
(428)
|
(426)
|
(446)
|
(453)
|
(451)
|
(438)
|
(415)
|
|
Selling, General & Administrative |
(734)
|
(699)
|
(634)
|
(584)
|
(641)
|
(656)
|
(672)
|
(673)
|
(564)
|
(593)
|
(550)
|
(528)
|
(478)
|
(462)
|
(457)
|
(445)
|
(405)
|
(395)
|
(396)
|
(394)
|
(391)
|
(392)
|
(422)
|
(429)
|
(430)
|
(434)
|
(412)
|
(414)
|
(402)
|
(424)
|
(425)
|
(426)
|
(419)
|
(415)
|
(409)
|
(407)
|
(426)
|
(433)
|
(432)
|
(420)
|
(398)
|
|
Depreciation & Amortization |
(62)
|
(56)
|
(50)
|
(43)
|
(53)
|
(50)
|
(48)
|
(45)
|
(25)
|
(25)
|
(23)
|
(22)
|
(23)
|
(20)
|
(19)
|
(17)
|
(14)
|
(13)
|
(11)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(30)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(18)
|
(17)
|
|
Operating Income |
(140)
N/A
|
(143)
-2%
|
(111)
+22%
|
(87)
+22%
|
(103)
-19%
|
(100)
+3%
|
(97)
+3%
|
(89)
+9%
|
(32)
+64%
|
(6)
+80%
|
19
N/A
|
29
+51%
|
(31)
N/A
|
(29)
+8%
|
(38)
-32%
|
(32)
+16%
|
34
N/A
|
45
+31%
|
47
+5%
|
62
+31%
|
71
+15%
|
81
+13%
|
70
-14%
|
75
+7%
|
87
+16%
|
94
+9%
|
132
+39%
|
139
+5%
|
144
+3%
|
146
+2%
|
145
-1%
|
151
+4%
|
149
-1%
|
152
+2%
|
150
-1%
|
142
-6%
|
133
-6%
|
133
+0%
|
148
+11%
|
169
+14%
|
165
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
4
|
5
|
6
|
6
|
6
|
6
|
5
|
4
|
3
|
2
|
1
|
0
|
(0)
|
1
|
4
|
7
|
10
|
13
|
16
|
20
|
|
Non-Reccuring Items |
(29)
|
(22)
|
(18)
|
(19)
|
(36)
|
(42)
|
(54)
|
(76)
|
(62)
|
(100)
|
(87)
|
(53)
|
(1)
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(3)
|
(4)
|
(4)
|
(12)
|
(14)
|
|
Total Other Income |
0
|
1
|
0
|
0
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
21
|
21
|
22
|
|
Pre-Tax Income |
(169)
N/A
|
(163)
+3%
|
(129)
+21%
|
(105)
+18%
|
(139)
-32%
|
(142)
-2%
|
(151)
-6%
|
(164)
-9%
|
(94)
+43%
|
(106)
-12%
|
(68)
+36%
|
(24)
+65%
|
(31)
-32%
|
(29)
+9%
|
(36)
-26%
|
(31)
+16%
|
36
N/A
|
48
+31%
|
50
+4%
|
65
+30%
|
74
+15%
|
85
+14%
|
75
-12%
|
80
+8%
|
93
+16%
|
100
+8%
|
137
+37%
|
144
+5%
|
147
+2%
|
149
+2%
|
147
-2%
|
151
+3%
|
149
-1%
|
152
+2%
|
151
-1%
|
145
-4%
|
134
-7%
|
138
+2%
|
177
+29%
|
194
+9%
|
192
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(11)
|
(38)
|
(60)
|
(4)
|
(3)
|
(1)
|
0
|
148
|
143
|
138
|
138
|
17
|
16
|
16
|
14
|
(14)
|
(13)
|
(11)
|
(15)
|
(19)
|
(21)
|
(21)
|
(23)
|
(22)
|
(26)
|
(34)
|
(19)
|
(23)
|
(23)
|
(22)
|
(39)
|
(39)
|
(41)
|
(41)
|
(40)
|
(38)
|
(39)
|
(50)
|
(48)
|
(44)
|
|
Income from Continuing Operations |
(169)
|
(174)
|
(167)
|
(165)
|
(143)
|
(145)
|
(152)
|
(164)
|
53
|
37
|
70
|
114
|
(15)
|
(12)
|
(20)
|
(16)
|
22
|
34
|
38
|
50
|
56
|
63
|
54
|
57
|
71
|
75
|
103
|
125
|
124
|
126
|
125
|
112
|
110
|
111
|
110
|
105
|
96
|
98
|
127
|
147
|
148
|
|
Net Income (Common) |
(164)
N/A
|
(207)
-26%
|
(222)
-7%
|
(183)
+18%
|
(178)
+3%
|
(145)
+19%
|
(119)
+18%
|
(116)
+2%
|
52
N/A
|
80
+54%
|
112
+41%
|
157
+40%
|
(19)
N/A
|
(17)
+11%
|
(24)
-45%
|
(20)
+15%
|
(32)
-56%
|
(20)
+39%
|
(15)
+23%
|
(3)
+79%
|
55
N/A
|
63
+13%
|
53
-15%
|
57
+6%
|
70
+24%
|
74
+6%
|
103
+39%
|
125
+21%
|
124
0%
|
126
+1%
|
124
-1%
|
112
-10%
|
110
-2%
|
111
+1%
|
110
-1%
|
105
-5%
|
96
-8%
|
98
+3%
|
127
+29%
|
147
+15%
|
148
+1%
|
|
EPS (Diluted) |
-2.45
N/A
|
-3.09
-26%
|
-3.3
-7%
|
-2.72
+18%
|
-2.65
+3%
|
-2.16
+18%
|
-1.75
+19%
|
-1.71
+2%
|
0.75
N/A
|
1.15
+53%
|
1.62
+41%
|
2.28
+41%
|
-0.27
N/A
|
-0.23
+15%
|
-0.33
-43%
|
-0.28
+15%
|
-0.46
-64%
|
-0.27
+41%
|
-0.21
+22%
|
-0.04
+81%
|
0.78
N/A
|
0.88
+13%
|
0.75
-15%
|
0.79
+5%
|
0.98
+24%
|
1.03
+5%
|
1.44
+40%
|
1.75
+22%
|
1.74
-1%
|
1.77
+2%
|
1.74
-2%
|
1.57
-10%
|
1.55
-1%
|
1.59
+3%
|
1.59
N/A
|
1.52
-4%
|
1.39
-9%
|
1.42
+2%
|
1.85
+30%
|
2.18
+18%
|
2.18
N/A
|