Universal Technical Institute Inc
NYSE:UTI
Income Statement
Earnings Waterfall
Universal Technical Institute Inc
Revenue
|
662.1m
USD
|
Cost of Revenue
|
-164.1m
USD
|
Gross Profit
|
498m
USD
|
Operating Expenses
|
-463m
USD
|
Operating Income
|
35m
USD
|
Other Expenses
|
-24.8m
USD
|
Net Income
|
10.1m
USD
|
Income Statement
Universal Technical Institute 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 |
379
N/A
|
379
0%
|
379
+0%
|
378
0%
|
377
0%
|
374
-1%
|
367
-2%
|
363
-1%
|
357
-2%
|
354
-1%
|
351
-1%
|
347
-1%
|
342
-2%
|
336
-2%
|
330
-2%
|
324
-2%
|
321
-1%
|
320
-1%
|
318
0%
|
317
0%
|
319
+1%
|
320
+0%
|
324
+1%
|
332
+2%
|
336
+1%
|
337
+0%
|
312
-7%
|
301
-4%
|
290
-4%
|
285
-2%
|
314
+10%
|
335
+7%
|
364
+9%
|
389
+7%
|
406
+4%
|
419
+3%
|
434
+4%
|
495
+14%
|
548
+11%
|
607
+11%
|
662
+9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(70)
|
(70)
|
(70)
|
(95)
|
(93)
|
(91)
|
(90)
|
(92)
|
(92)
|
(92)
|
(90)
|
(87)
|
(85)
|
(84)
|
(83)
|
(82)
|
(82)
|
(83)
|
(84)
|
(87)
|
(88)
|
(87)
|
(86)
|
(84)
|
(83)
|
(82)
|
(76)
|
(72)
|
(69)
|
(67)
|
(73)
|
(78)
|
(83)
|
(87)
|
(93)
|
(99)
|
(103)
|
(118)
|
(132)
|
(149)
|
(164)
|
|
Gross Profit |
309
N/A
|
308
0%
|
309
+0%
|
284
-8%
|
284
+0%
|
282
-1%
|
277
-2%
|
271
-2%
|
265
-2%
|
262
-1%
|
261
-1%
|
260
0%
|
257
-1%
|
252
-2%
|
247
-2%
|
242
-2%
|
239
-1%
|
236
-1%
|
234
-1%
|
230
-1%
|
231
+0%
|
233
+1%
|
238
+2%
|
248
+4%
|
253
+2%
|
255
+1%
|
237
-7%
|
229
-3%
|
221
-4%
|
218
-1%
|
242
+11%
|
258
+7%
|
282
+9%
|
302
+7%
|
312
+3%
|
320
+2%
|
331
+3%
|
377
+14%
|
416
+10%
|
459
+10%
|
498
+9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(306)
|
(305)
|
(305)
|
(277)
|
(276)
|
(270)
|
(270)
|
(268)
|
(282)
|
(287)
|
(287)
|
(279)
|
(272)
|
(261)
|
(253)
|
(244)
|
(246)
|
(253)
|
(258)
|
(264)
|
(270)
|
(268)
|
(262)
|
(256)
|
(250)
|
(246)
|
(241)
|
(233)
|
(228)
|
(226)
|
(233)
|
(243)
|
(253)
|
(268)
|
(280)
|
(294)
|
(314)
|
(357)
|
(396)
|
(435)
|
(463)
|
|
Selling, General & Administrative |
(301)
|
(301)
|
(301)
|
(274)
|
(273)
|
(267)
|
(267)
|
(266)
|
(267)
|
(272)
|
(272)
|
(276)
|
(269)
|
(258)
|
(250)
|
(241)
|
(243)
|
(250)
|
(256)
|
(262)
|
(267)
|
(266)
|
(261)
|
(254)
|
(248)
|
(245)
|
(240)
|
(232)
|
(227)
|
(225)
|
(232)
|
(242)
|
(252)
|
(267)
|
(279)
|
(293)
|
(313)
|
(356)
|
(396)
|
(435)
|
(463)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
(13)
|
(13)
|
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
|
|
Operating Income |
3
N/A
|
4
+9%
|
4
+14%
|
6
+58%
|
9
+40%
|
13
+45%
|
8
-39%
|
3
-59%
|
(17)
N/A
|
(25)
-48%
|
(27)
-6%
|
(19)
+30%
|
(15)
+19%
|
(9)
+43%
|
(6)
+31%
|
(2)
+69%
|
(7)
-278%
|
(16)
-140%
|
(24)
-48%
|
(34)
-41%
|
(39)
-14%
|
(36)
+8%
|
(24)
+32%
|
(8)
+68%
|
4
N/A
|
9
+142%
|
(5)
N/A
|
(4)
+15%
|
(7)
-87%
|
(9)
-16%
|
8
N/A
|
15
+77%
|
28
+91%
|
34
+19%
|
33
-3%
|
26
-20%
|
17
-34%
|
21
+21%
|
20
-6%
|
24
+21%
|
35
+48%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(4)
|
(4)
|
(5)
|
(5)
|
(2)
|
(4)
|
|
Total Other Income |
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
4
N/A
|
4
-8%
|
4
+5%
|
6
+46%
|
8
+33%
|
12
+54%
|
7
-44%
|
(11)
N/A
|
(19)
-74%
|
(27)
-46%
|
(29)
-7%
|
(22)
+26%
|
(18)
+17%
|
(11)
+37%
|
(8)
+28%
|
(3)
+67%
|
(8)
-185%
|
(17)
-121%
|
(26)
-52%
|
(36)
-38%
|
(39)
-10%
|
(36)
+9%
|
(24)
+32%
|
(8)
+68%
|
5
N/A
|
9
+96%
|
(4)
N/A
|
(3)
+30%
|
(6)
-142%
|
(7)
-14%
|
9
N/A
|
15
+67%
|
28
+82%
|
32
+16%
|
30
-6%
|
20
-32%
|
11
-45%
|
14
+21%
|
12
-13%
|
18
+53%
|
27
+51%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(6)
|
(4)
|
2
|
5
|
(19)
|
(20)
|
(26)
|
(30)
|
(6)
|
(8)
|
(5)
|
11
|
14
|
15
|
14
|
0
|
0
|
(0)
|
(0)
|
(0)
|
11
|
11
|
11
|
11
|
(0)
|
(0)
|
(1)
|
1
|
5
|
5
|
5
|
3
|
(4)
|
(3)
|
(6)
|
(7)
|
|
Income from Continuing Operations |
2
|
1
|
2
|
2
|
3
|
6
|
2
|
(9)
|
(14)
|
(47)
|
(49)
|
(48)
|
(48)
|
(17)
|
(16)
|
(8)
|
4
|
(3)
|
(11)
|
(21)
|
(39)
|
(36)
|
(24)
|
(8)
|
5
|
20
|
7
|
8
|
4
|
(7)
|
9
|
15
|
28
|
37
|
35
|
26
|
14
|
10
|
8
|
12
|
20
|
|
Net Income (Common) |
2
N/A
|
1
-33%
|
2
+7%
|
2
+33%
|
3
+70%
|
6
+65%
|
2
-61%
|
(9)
N/A
|
(14)
-53%
|
(47)
-235%
|
(49)
-5%
|
(49)
-1%
|
(51)
-3%
|
(22)
+57%
|
(22)
N/A
|
(13)
+38%
|
(13)
+4%
|
(20)
-55%
|
(28)
-39%
|
(38)
-37%
|
(44)
-17%
|
(41)
+8%
|
(30)
+28%
|
(13)
+56%
|
(2)
+82%
|
15
N/A
|
2
-88%
|
3
+50%
|
1
-74%
|
(13)
N/A
|
4
N/A
|
9
+151%
|
18
+90%
|
25
+40%
|
23
-9%
|
13
-43%
|
6
-57%
|
4
-36%
|
2
-37%
|
5
+106%
|
10
+123%
|
|
EPS (Diluted) |
0.08
N/A
|
0.05
-38%
|
0.05
N/A
|
0.08
+60%
|
0.12
+50%
|
0.21
+75%
|
0.08
-62%
|
-0.38
N/A
|
-0.58
-53%
|
-1.92
-231%
|
-2.01
-5%
|
-2.02
0%
|
-2.07
-2%
|
-0.87
+58%
|
-0.87
N/A
|
-0.54
+38%
|
-0.51
+6%
|
-0.79
-55%
|
-1.09
-38%
|
-1.5
-38%
|
-1.77
-18%
|
-1.63
+8%
|
-1.18
+28%
|
-0.52
+56%
|
-0.04
+92%
|
1.14
N/A
|
0.05
-96%
|
0.09
+80%
|
0.02
-78%
|
-0.4
N/A
|
0.1
N/A
|
0.28
+180%
|
0.52
+86%
|
0.73
+40%
|
0.67
-8%
|
0.38
-43%
|
0.16
-58%
|
0.1
-38%
|
0.06
-40%
|
0.13
+117%
|
0.28
+115%
|