Adtalem Global Education Inc
NYSE:ATGE
Income Statement
Earnings Waterfall
Adtalem Global Education Inc
Revenue
|
1.5B
USD
|
Cost of Revenue
|
-670.2m
USD
|
Gross Profit
|
825.6m
USD
|
Operating Expenses
|
-619.5m
USD
|
Operating Income
|
206.1m
USD
|
Other Expenses
|
-87.4m
USD
|
Net Income
|
118.7m
USD
|
Income Statement
Adtalem Global Education Inc
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 |
1 926
N/A
|
1 918
0%
|
1 923
+0%
|
1 935
+1%
|
1 928
0%
|
1 922
0%
|
1 910
-1%
|
1 889
-1%
|
1 861
-2%
|
1 845
-1%
|
1 844
0%
|
1 731
-6%
|
1 609
-7%
|
1 467
-9%
|
1 208
-18%
|
1 172
-3%
|
1 146
-2%
|
1 124
-2%
|
960
-15%
|
904
-6%
|
850
-6%
|
799
-6%
|
1 014
+27%
|
1 032
+2%
|
1 044
+1%
|
1 057
+1%
|
1 052
0%
|
1 066
+1%
|
1 083
+2%
|
1 092
+1%
|
899
-18%
|
1 076
+20%
|
1 164
+8%
|
1 249
+7%
|
1 382
+11%
|
1 453
+5%
|
1 799
+24%
|
1 802
+0%
|
1 451
-19%
|
1 820
+25%
|
1 496
-18%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(967)
|
(973)
|
(983)
|
(988)
|
(996)
|
(1 006)
|
(1 000)
|
(999)
|
(989)
|
(989)
|
(987)
|
(924)
|
(855)
|
(777)
|
(623)
|
(603)
|
(569)
|
(554)
|
(431)
|
(380)
|
(359)
|
(320)
|
(472)
|
(488)
|
(498)
|
(496)
|
(490)
|
(476)
|
(475)
|
(480)
|
(458)
|
(518)
|
(572)
|
(615)
|
(660)
|
(667)
|
(806)
|
(806)
|
(648)
|
(817)
|
(670)
|
|
Gross Profit |
959
N/A
|
945
-1%
|
940
-1%
|
947
+1%
|
932
-2%
|
915
-2%
|
910
-1%
|
891
-2%
|
872
-2%
|
856
-2%
|
857
+0%
|
808
-6%
|
754
-7%
|
690
-8%
|
585
-15%
|
569
-3%
|
578
+2%
|
570
-1%
|
530
-7%
|
524
-1%
|
490
-6%
|
478
-3%
|
542
+13%
|
543
+0%
|
546
+1%
|
561
+3%
|
562
+0%
|
590
+5%
|
607
+3%
|
612
+1%
|
441
-28%
|
558
+26%
|
592
+6%
|
634
+7%
|
722
+14%
|
785
+9%
|
993
+26%
|
996
+0%
|
802
-19%
|
1 003
+25%
|
826
-18%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(752)
|
(746)
|
(728)
|
(717)
|
(706)
|
(703)
|
(708)
|
(695)
|
(679)
|
(660)
|
(654)
|
(594)
|
(536)
|
(478)
|
(369)
|
(355)
|
(343)
|
(337)
|
(328)
|
(328)
|
(328)
|
(321)
|
(359)
|
(369)
|
(377)
|
(382)
|
(396)
|
(397)
|
(404)
|
(416)
|
(292)
|
(417)
|
(466)
|
(508)
|
(566)
|
(587)
|
(722)
|
(716)
|
(586)
|
(752)
|
(620)
|
|
Selling, General & Administrative |
(756)
|
(750)
|
(728)
|
(716)
|
(706)
|
(703)
|
(708)
|
(695)
|
(679)
|
(660)
|
(654)
|
(594)
|
(536)
|
(478)
|
(369)
|
(355)
|
(343)
|
(337)
|
(328)
|
(328)
|
(328)
|
(321)
|
(359)
|
(369)
|
(377)
|
(382)
|
(396)
|
(397)
|
(404)
|
(416)
|
(292)
|
(400)
|
(450)
|
(465)
|
(469)
|
(542)
|
(642)
|
(649)
|
(525)
|
(680)
|
(573)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
(43)
|
(97)
|
(45)
|
(80)
|
(67)
|
(61)
|
(72)
|
(47)
|
|
Other Operating Expenses |
4
|
4
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
207
N/A
|
199
-4%
|
212
+7%
|
230
+8%
|
226
-2%
|
213
-6%
|
202
-5%
|
196
-3%
|
193
-2%
|
196
+2%
|
203
+3%
|
214
+5%
|
218
+2%
|
213
-2%
|
216
+2%
|
215
-1%
|
235
+9%
|
233
-1%
|
202
-14%
|
196
-3%
|
163
-17%
|
158
-3%
|
183
+16%
|
174
-5%
|
170
-3%
|
178
+5%
|
166
-7%
|
193
+16%
|
203
+5%
|
196
-4%
|
149
-24%
|
141
-5%
|
126
-11%
|
127
+0%
|
156
+23%
|
198
+27%
|
271
+37%
|
280
+3%
|
216
-23%
|
250
+16%
|
206
-18%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(6)
|
(7)
|
(7)
|
(5)
|
(4)
|
(4)
|
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(11)
|
(15)
|
(19)
|
(20)
|
(16)
|
(17)
|
(43)
|
66
|
95
|
97
|
127
|
14
|
(35)
|
(79)
|
(103)
|
(131)
|
(128)
|
(95)
|
(103)
|
(82)
|
(56)
|
(79)
|
(62)
|
|
Non-Reccuring Items |
(88)
|
(86)
|
(31)
|
(34)
|
(40)
|
(47)
|
(45)
|
(56)
|
(158)
|
(150)
|
(215)
|
(200)
|
(149)
|
(160)
|
(81)
|
(84)
|
(43)
|
(33)
|
(34)
|
(62)
|
(30)
|
(32)
|
(27)
|
11
|
(3)
|
(3)
|
(24)
|
(40)
|
(50)
|
(53)
|
(38)
|
(52)
|
(52)
|
(64)
|
(79)
|
(73)
|
(101)
|
(84)
|
(48)
|
(54)
|
(20)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
3
|
0
|
9
|
13
|
|
Pre-Tax Income |
118
N/A
|
111
-5%
|
179
+61%
|
194
+8%
|
185
-5%
|
164
-11%
|
154
-6%
|
135
-12%
|
28
-79%
|
40
+41%
|
(17)
N/A
|
10
N/A
|
66
+531%
|
50
-24%
|
131
+164%
|
128
-3%
|
189
+48%
|
197
+4%
|
156
-21%
|
119
-24%
|
114
-4%
|
105
-7%
|
140
+33%
|
168
+20%
|
123
-27%
|
241
+96%
|
237
-2%
|
251
+6%
|
281
+12%
|
157
-44%
|
76
-52%
|
11
-86%
|
(29)
N/A
|
(68)
-137%
|
(51)
+24%
|
30
N/A
|
66
+117%
|
117
+78%
|
112
-4%
|
127
+13%
|
137
+8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(17)
|
(28)
|
(30)
|
(28)
|
(21)
|
(19)
|
(15)
|
(1)
|
(3)
|
15
|
8
|
10
|
10
|
(10)
|
(6)
|
(26)
|
(26)
|
16
|
23
|
21
|
22
|
(33)
|
(37)
|
(35)
|
(34)
|
6
|
3
|
3
|
3
|
(12)
|
(24)
|
23
|
38
|
16
|
23
|
(22)
|
(31)
|
(10)
|
(13)
|
(15)
|
|
Income from Continuing Operations |
97
|
95
|
152
|
164
|
157
|
143
|
135
|
120
|
27
|
37
|
(3)
|
18
|
76
|
60
|
122
|
121
|
164
|
170
|
172
|
142
|
135
|
127
|
107
|
131
|
89
|
207
|
244
|
254
|
284
|
160
|
63
|
(13)
|
(6)
|
(30)
|
(36)
|
53
|
44
|
87
|
102
|
114
|
122
|
|
Income to Minority Interest |
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
66
N/A
|
64
-2%
|
134
+108%
|
162
+21%
|
156
-4%
|
147
-5%
|
140
-5%
|
125
-11%
|
32
-74%
|
37
+15%
|
(3)
N/A
|
17
N/A
|
82
+394%
|
70
-15%
|
122
+76%
|
110
-10%
|
14
-87%
|
14
-4%
|
34
+145%
|
11
-66%
|
110
+864%
|
109
-1%
|
95
-12%
|
119
+25%
|
107
-10%
|
220
+105%
|
(85)
N/A
|
(80)
+6%
|
(62)
+22%
|
(188)
-203%
|
70
N/A
|
(1)
N/A
|
(6)
-549%
|
319
N/A
|
311
-2%
|
378
+22%
|
385
+2%
|
81
-79%
|
93
+15%
|
104
+11%
|
119
+14%
|
|
EPS (Diluted) |
1.01
N/A
|
0.99
-2%
|
2.06
+108%
|
2.47
+20%
|
2.37
-4%
|
2.25
-5%
|
2.14
-5%
|
1.93
-10%
|
0.49
-75%
|
0.56
+14%
|
-0.05
N/A
|
0.27
N/A
|
1.27
+370%
|
1.08
-15%
|
1.91
+77%
|
1.75
-8%
|
0.23
-87%
|
0.22
-4%
|
0.54
+145%
|
0.18
-67%
|
1.83
+917%
|
1.84
+1%
|
1.6
-13%
|
2.12
+33%
|
1.97
-7%
|
4.13
+110%
|
-1.58
N/A
|
-1.51
+4%
|
-1.18
+22%
|
-3.68
-212%
|
1.35
N/A
|
-0.01
N/A
|
-0.14
-1 300%
|
6.45
N/A
|
6.42
0%
|
8.15
+27%
|
8.38
+3%
|
1.77
-79%
|
2.04
+15%
|
2.46
+21%
|
2.9
+18%
|