Cash flow Adtalem Global Education Inc.

Equities

ATGE

US00737L1035

Miscellaneous Educational Service Providers

Market Closed - Nyse Other stock markets 04:00:02 2026-01-16 pm EST			5-day change	1st Jan Change
116.85 ^USD	-0.46%		+2.89%	+12.93%

Dec. 15	Tranche Update on Adtalem Global Education Inc.'s Equity Buyback Plan announced on May 6, 2025.	CI
Dec. 15	Adtalem Global Education Inc. announces an Equity Buyback for $750 million worth of its shares.	CI

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Published financial data: ADTALEM GLOBAL EDUCATION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	1.11B	1.39B	1.45B	1.58B	1.79B
Total Revenues	1.11B	1.39B	1.45B	1.58B	1.79B
Cost of Goods Sold, Total	489M	660M	648M	699M	771M
Gross Profit	623M	727M	802M	886M	1.02B
Selling General & Admin Expenses, Total	420M	568M	586M	614M	671M
Other Operating Expenses, Total	420M	568M	586M	614M	671M
Operating Income	203M	159M	216M	272M	346M
Interest Expense, Total	-41.36M	-129M	-63.1M	-63.66M	-52.32M
Interest And Investment Income	6.73M	3.82M	-	9.18M	8.22M
Net Interest Expenses	-34.63M	-126M	-63.1M	-54.48M	-44.1M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	6.96M	-	-
EBT, Excl. Unusual Items	168M	33.76M	160M	217M	302M
Restructuring Charges	-9.8M	-25.63M	-18.82M	-1.87M	-3.31M
Merger & Related Restructuring Charges	-31.59M	-53.2M	-42.66M	-34.22M	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	1.36M	1.07M
Gain (Loss) On Sale Of Assets	-	-	13.32M	-	-
Asset Writedown	-	-	-	-	-6.44M
Insurance Settlements	-	-	-	-	-
Legal Settlements	-	-	-	-18.5M	5.55M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	127M	-45.06M	112M	164M	299M
Income Tax Expense	25.25M	-15.24M	10.28M	26.22M	65.84M
Earnings From Continuing Operations	102M	-29.83M	102M	138M	233M
Earnings Of Discontinued Operations	-25.13M	348M	-8.39M	-936K	4.39M
Net Income to Company	76.48M	318M	93.36M	137M	237M
Minority Interest	434K	-	-	-	-
Net Income - (IS)	76.91M	318M	93.36M	137M	237M
Net Income to Common Incl Extra Items	76.91M	318M	93.36M	137M	237M
Net Income to Common Excl. Extra Items	102M	-29.83M	102M	138M	233M
Per Share Items
Net EPS - Basic	1.5	6.57	2.08	3.47	6.39
Basic EPS - Continuing Operations	1.99	-0.62	2.27	3.49	6.27
Basic Weighted Average Shares Outstanding	51.32M	48.39M	44.78M	39.41M	37.08M
Net EPS - Diluted	1.49	6.56	2.05	3.4	6.18
Diluted EPS - Continuing Operations	1.98	-0.62	2.23	3.42	6.07
Diluted Weighted Average Shares Outstanding	51.64M	48.39M	45.6M	40.31M	38.33M
Normalized Basic EPS	2.06	0.44	2.24	3.44	5.08
Normalized Diluted EPS	2.04	0.44	2.2	3.37	4.92
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	251M	301M	319M	347M	398M
EBITA	213M	257M	278M	307M	357M
EBIT	203M	159M	216M	272M	346M
EBITDAR	290M	342M	354M	382M	438M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	19.9	33.81	9.18	16	22.05
Current Domestic Taxes	21.9M	-2.31M	14.58M	14.73M	47.81M
Current Foreign Taxes	1.86M	725K	614K	419K	-388K
Total Current Taxes	23.76M	-1.59M	15.2M	15.15M	47.42M
Deferred Domestic Taxes	-456K	-13.02M	-5.45M	7.62M	16.08M
Deferred Foreign Taxes	1.94M	-629K	530K	3.46M	2.33M
Total Deferred Taxes	1.49M	-13.65M	-4.92M	11.07M	18.41M
Normalized Net Income	106M	21.1M	100M	136M	189M
Interest on Long-Term Debt	41.36M	129M	63.1M	63.66M	52.32M
Supplemental Operating Expense Items
Advertising Expense	92.9M	191M	219M	228M	247M
Selling and Marketing Expenses	92.9M	191M	219M	228M	247M
Net Rental Expense, Total	39.74M	41.34M	34.85M	35.26M	40.63M
Imputed Operating Lease Interest Expense	14.37M	36.14M	17.93M	20.59M	20.97M
Imputed Operating Lease Depreciation	25.37M	5.2M	16.93M	14.67M	19.66M
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	25.95M	41.59M
Stock-Based Comp., Other (Total)	13.88M	22.61M	14.3M	-	-
Total Stock-Based Compensation	13.88M	22.61M	14.3M	25.95M	41.59M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	495M	347M	274M	219M	200M
Total Cash And Short Term Investments	495M	347M	274M	219M	200M
Accounts Receivable, Total	68M	81.64M	103M	127M	146M
Notes Receivable	10M	-	-	-	-
Total Receivables	78M	81.64M	103M	127M	146M
Prepaid Expenses	57.79M	63.72M	43.26M	56.85M	56.04M
Restricted Cash	819M	964K	1.39M	1.9M	1.56M
Other Current Assets, Total	65.55M	62.75M	57.45M	13.2M	12.8M
Total Current Assets	1.51B	556M	479M	418M	416M
Gross Property Plant And Equipment	817M	844M	772M	752M	789M
Accumulated Depreciation	-351M	-376M	-339M	-326M	-342M
Net Property Plant And Equipment	466M	468M	433M	425M	447M
Goodwill	686M	961M	961M	961M	961M
Other Intangibles, Total	276M	874M	812M	777M	765M
Accounts Receivable Long-Term	-	-	-	26.13M	24.36M
Loans Receivable Long-Term	83M	44M	40.3M	-	40.3M
Deferred Tax Assets Long-Term	22.48M	51.09M	56.69M	49.09M	32.96M
Deferred Charges Long-Term	1.5M	-	-	-	-
Other Long-Term Assets, Total	3.1M	75.28M	28.21M	84.88M	64.49M
Total Assets	3.05B	3.03B	2.81B	2.74B	2.75B
Liabilities
Accounts Payable, Total	56.07M	57.14M	81.81M	103M	105M
Accrued Expenses, Total	194M	165M	158M	140M	125M
Current Portion of Long-Term Debt	3M	-	-	-	-
Current Portion of Leases	55.33M	50.78M	37.67M	31.43M	35.16M
Unearned Revenue Current, Total	101M	145M	154M	185M	214M
Other Current Liabilities	-	-	-	28.5M	28.5M
Total Current Liabilities	409M	418M	431M	488M	508M
Long-Term Debt	1.08B	839M	695M	649M	553M
Long-Term Leases	168M	177M	163M	168M	186M
Unearned Revenue Non Current	-	-	-	19.6M	-
Deferred Tax Liability Non Current	26.99M	25.55M	26.07M	29.53M	31.86M
Other Non Current Liabilities	70.71M	65.07M	37.42M	19.08M	40.1M
Total Liabilities	1.75B	1.52B	1.35B	1.37B	1.32B
Common Stock, Total	811K	818K	822K	832K	839K
Additional Paid In Capital	520M	522M	569M	612M	664M
Retained Earnings	2.01B	2.32B	2.4B	2.54B	2.78B
Treasury Stock	-1.22B	-1.34B	-1.51B	-1.78B	-2.01B
Comprehensive Income and Other	-7.36M	-960K	-2.23M	-2.23M	-2.23M
Total Common Equity	1.3B	1.51B	1.46B	1.37B	1.43B
Minority Interest	1.79M	-	-	-	-
Total Equity	1.3B	1.51B	1.46B	1.37B	1.43B
Total Liabilities And Equity	3.05B	3.03B	2.81B	2.74B	2.75B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	49.62M	45.2M	41.54M	37.69M	35.96M
ECS Total Common Shares Outstanding	49.25M	45.18M	42.31M	37.68M	35.95M
Book Value / Share	26.42	33.31	34.44	36.33	39.88
Tangible Book Value	338M	-330M	-316M	-369M	-293M
Tangible Book Value Per Share	6.87	-7.3	-7.47	-9.79	-8.15
Total Debt	1.3B	1.07B	896M	848M	774M
Net Debt	808M	720M	623M	629M	574M
Debt Equivalent Oper. Leases	318M	331M	279M	282M	325M
Minority Interest, Total (Incl. Fin. Div)	1.79M	-	-	-	-
Account Code - Inventory Valuation	3	-	3	3	3
Land - (BS)	44.33M	44.48M	38.34M	31.78M	31.78M
Buildings, Total	328M	342M	304M	200M	202M
Machinery, Total	255M	268M	227M	104M	105M
Full Time Employees	4.43K	4.68K	4.37K	4.62K	4.7K
Part Time Employees	-	-	294	52	47
Accumulated Allowance for Doubtful Accounts (Supple)	17.41M	34.36M	31.33M	37.81M	49.08M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	76.91M	318M	93.36M	137M	237M
Depreciation & Amortization - CF	88.98M	89.32M	90.04M	72.32M	73.24M
Amortization of Goodwill and Intangible Assets - (CF)	10.07M	97.27M	61.24M	35.64M	11.22M
Depreciation & Amortization, Total	99.05M	187M	151M	108M	84.46M
Amortization of Deferred Charges, Total - (CF)	2.66M	42.65M	9.13M	5.66M	5.98M
(Gain) Loss From Sale Of Asset	1.91M	3.5M	-9.32M	1.11M	3.02M
(Gain) Loss on Sale of Investments - (CF)	-2.64M	-	3.69M	-1.36M	-1.07M
Asset Writedown & Restructuring Costs	1.21M	-	-	-	-
Stock-Based Compensation (CF)	13.88M	22.61M	14.3M	25.95M	41.59M
Provision and Write-off of Bad Debts	11.57M	27.14M	33M	53.18M	63.24M
Net Cash From Discontinued Operations	-30.96M	-153M	5.62M	7.41M	4.16M
Other Operating Activities, Total	26.09M	-350M	-5.16M	12.01M	14.02M
Change In Accounts Receivable	13.26M	-29.88M	-37.61M	-76.36M	-80.82M
Change In Accounts Payable	8.53M	-15.72M	21.67M	18.33M	140K
Change in Unearned Revenues	9.11M	65.08M	5.81M	40.62M	34.27M
Change in Other Net Operating Assets	-38.38M	-106M	-82.85M	-35.51M	-68.17M
Cash from Operations	192M	10.42M	203M	296M	338M
Capital Expenditure	-48.66M	-31.05M	-37.01M	-48.89M	-50.33M
Sale of Property, Plant, and Equipment	-	-	46.8M	-	7.33M
Cash Acquisitions	-	-1.49B	-	-	-
Divestitures	-	961M	-	-	-
Investment in Marketable and Equity Securities, Total	-8.02M	-	6.13M	1.04M	1.07M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	10M	-	-	-
Other Investing Activities, Total	-	-3.29M	-3.17M	-	-
Cash from Investing	-56.69M	-552M	12.74M	-47.85M	-41.92M
Long-Term Debt Issued, Total	800M	850M	-	1.9M	9.87M
Total Debt Issued	800M	850M	-	1.9M	9.87M
Long-Term Debt Repaid, Total	-3M	-1.08B	-151M	-51.9M	-110M
Total Debt Repaid	-3M	-1.08B	-151M	-51.9M	-110M
Issuance of Common Stock	1.72M	9.41M	3.23M	17.9M	11.31M
Repurchase of Common Stock	-104M	-123M	-128M	-270M	-227M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-18.05M	-81.34M	-13.16M	-	-
Cash from Financing	676M	-424M	-289M	-302M	-316M
Foreign Exchange Rate Adjustments	534K	-	-	-	-
Net Change in Cash	813M	-966M	-72.86M	-53.87M	-20.04M
Supplemental Items
Cash Interest Paid	14.43M	107M	53.13M	57.84M	46.6M
Cash Income Tax Paid (Refund)	26.43M	94.36M	12.31M	31.48M	32.78M
Levered Free Cash Flow	-601M	1.08B	259M	293M	264M
Unlevered Free Cash Flow	-578M	1.12B	290M	327M	291M
Change In Net Working Capital	769M	-844M	-25.94M	-72.02M	1.27M
Net Debt Issued / Repaid	797M	-230M	-151M	-50M	-100M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.8	3.26	4.63	6.12	7.87
Return on Total Capital	5.7	3.85	5.51	7.43	9.77
Return On Equity %	7.77	-2.12	6.9	9.74	16.6
Return on Common Equity	7.81	-2.13	6.9	9.74	16.6
Margin Analysis
Gross Profit Margin %	56.02	52.44	55.3	55.92	56.86
SG&A Margin	37.78	40.95	40.39	38.78	37.53
EBITDA Margin %	22.52	21.71	22	21.89	22.24
EBITA Margin %	19.14	18.5	19.13	19.39	19.96
EBIT Margin %	18.24	11.48	14.91	17.14	19.33
Income From Continuing Operations Margin %	9.13	-2.15	7.01	8.69	13.01
Net Income Margin %	6.91	22.9	6.43	8.63	13.26
Net Avail. For Common Margin %	9.17	-2.15	7.01	8.69	13.01
Normalized Net Income Margin	9.49	1.52	6.9	8.56	10.54
Levered Free Cash Flow Margin	-54.04	78.14	17.88	18.47	14.75
Unlevered Free Cash Flow Margin	-51.95	80.9	19.97	20.62	16.25
Asset Turnover
Asset Turnover	0.42	0.45	0.5	0.57	0.65
Fixed Assets Turnover	2.4	3.02	3.22	3.75	4.1
Receivables Turnover (Average Receivables)	14.35	22.25	15.74	13.8	13.1
Short Term Liquidity
Current Ratio	3.71	1.33	1.11	0.86	0.82
Quick Ratio	1.38	1.03	0.87	0.71	0.68
Operating Cash Flow to Current Liabilities	0.47	0.02	0.47	0.61	0.67
Days Sales Outstanding (Average Receivables)	25.44	16.4	23.19	26.51	27.86
Average Days Payable Outstanding	38.26	27.54	39.1	48.32	49.12
Long Term Solvency
Total Debt/Equity	100	70.88	61.5	61.93	53.99
Total Debt / Total Capital	50	41.48	38.08	38.24	35.06
LT Debt/Equity	95.52	67.5	58.91	59.63	51.54
Long-Term Debt / Total Capital	47.76	39.5	36.48	36.83	33.47
Total Liabilities / Total Assets	57.34	50.31	48.15	50.06	47.91
EBIT / Interest Expense	4.9	1.23	3.43	4.27	6.61
EBITDA / Interest Expense	7.02	2.65	5.61	6	8.38
(EBITDA - Capex) / Interest Expense	5.84	2.41	5.02	5.24	7.42
Total Debt / EBITDA	4.49	3.11	2.53	2.22	1.77
Net Debt / EBITDA	2.78	2.1	1.76	1.64	1.31
Total Debt / (EBITDA - Capex)	5.39	3.43	2.83	2.54	1.99
Net Debt / (EBITDA - Capex)	3.34	2.31	1.96	1.89	1.48
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.74	52.95	4.99	9.22	12.85
Gross Profit, 1 Yr. Growth %	10.89	61.99	11.12	10.44	14.76
EBITDA, 1 Yr. Growth %	18.86	58.16	7.3	5.48	14.62
EBITA, 1 Yr. Growth %	20.74	63.92	9.78	6.86	16.17
EBIT, 1 Yr. Growth %	22.14	1.77	39.06	20.02	27.28
Earnings From Cont. Operations, 1 Yr. Growth %	-58.28	-142.41	-383	35.34	68.96
Net Income, 1 Yr. Growth %	-190.13	313.09	-69.98	46.51	73.32
Normalized Net Income, 1 Yr. Growth %	-35.45	-72.3	486.11	24.89	38.91
Diluted EPS Before Extra, 1 Yr. Growth %	-56.1	-145.59	-400.11	53.36	77.49
Accounts Receivable, 1 Yr. Growth %	-21.88	89.67	25.86	23.44	15.26
Net Property, Plant and Equip., 1 Yr. Growth %	1.12	3.74	-7.42	1.42	5.18
Total Assets, 1 Yr. Growth %	37.02	-1.8	-7.25	-2.46	0.4
Tangible Book Value, 1 Yr. Growth %	0.52	-138.64	-7.92	16.62	-20.53
Common Equity, 1 Yr. Growth %	-0.71	15.68	-2.28	-6.05	4.71
Cash From Operations, 1 Yr. Growth %	78.47	-94.58	1.81K	54.12	14.24
Capital Expenditures, 1 Yr. Growth %	10.26	-22.13	19.17	87.95	2.93
Levered Free Cash Flow, 1 Yr. Growth %	-336.65	-265.81	-76.13	7.13	-9.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-318.38	-277.96	-74.24	7.67	-11.1
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.75	26.53	27.02	7.09	11.02
Gross Profit, 2 Yr. CAGR %	8.48	33.31	34.83	10.78	12.58
EBITDA, 2 Yr. CAGR %	8.99	36.66	32.15	8.01	9.95
EBITA, 2 Yr. CAGR %	9.64	41.04	36.55	10.24	11.41
EBIT, 2 Yr. CAGR %	9.17	11.13	20.55	32.14	23.6
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.5	-63.17	26.64	95.71	51.22
Net Income, 2 Yr. CAGR %	-10.1	92.95	15.46	-33.68	59.35
Normalized Net Income, 2 Yr. CAGR %	4.44	-61.17	18.42	166.38	31.71
Diluted EPS Before Extra, 2 Yr. CAGR %	4.59	-60.97	34.65	114.54	64.98
Accounts Receivable, 2 Yr. CAGR %	0.77	-3.16	54.51	24.65	19.28
Net Property, Plant and Equip., 2 Yr. CAGR %	28.25	0.74	-2	-4.67	3.28
Total Assets, 2 Yr. CAGR %	16.69	16.58	-4.55	-4.88	-1.04
Tangible Book Value, 2 Yr. CAGR %	-8.73	-1.03	-39.12	3.63	-3.73
Common Equity, 2 Yr. CAGR %	-3.3	7.17	5.84	-4.19	-0.82
Cash From Operations, 2 Yr. CAGR %	-3.14	-68.89	2.75	428.21	32.69
Capital Expenditures, 2 Yr. CAGR %	-8.06	-11.45	-3.67	25.48	39.09
Levered Free Cash Flow, 2 Yr. CAGR %	948.05	121.84	-37.24	-48.1	-1.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	934.69	120.45	-32.47	-46.1	-2.16
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.02	11.01	18.75	20.79	8.97
Gross Profit, 3 Yr. CAGR %	6.76	11.16	25.16	26.15	12.09
EBITDA, 3 Yr. CAGR %	3.47	12.6	25.55	23.82	10.17
EBITA, 3 Yr. CAGR %	3.31	13.14	29.11	27.33	12.18
EBIT, 3 Yr. CAGR %	3.24	-2.19	18.82	22.2	30.5
Earnings From Cont. Operations, 3 Yr. CAGR %	14.36	-34.65	-22.66	29.47	86.35
Net Income, 3 Yr. CAGR %	31.57	49.46	3.04	25	-8.65
Normalized Net Income, 3 Yr. CAGR %	-0.99	-39.82	-10.56	23.88	114.41
Diluted EPS Before Extra, 3 Yr. CAGR %	21.64	-30.03	-18.17	40.62	101.4
Accounts Receivable, 3 Yr. CAGR %	-18.48	6.83	5.69	43.37	21.44
Net Property, Plant and Equip., 3 Yr. CAGR %	6.25	18.19	-2.05	-1.94	-1.49
Total Assets, 3 Yr. CAGR %	9.2	10.54	8.04	-3.86	-3.16
Tangible Book Value, 3 Yr. CAGR %	-0.39	-6.72	-2.06	-24.39	-5.15
Common Equity, 3 Yr. CAGR %	-5.04	2.65	3.61	1.71	-1.31
Cash From Operations, 3 Yr. CAGR %	-7.03	-62.94	23.51	15.45	217.06
Capital Expenditures, 3 Yr. CAGR %	1.44	-18.6	-2.24	7.03	17.46
Levered Free Cash Flow, 3 Yr. CAGR %	98.73	482.92	5.6	-23.68	-37.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	90.33	492.39	7.86	-19.88	-36.31
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.59	2.81	8.6	9.34	15.6
Gross Profit, 5 Yr. CAGR %	4.04	5.01	9.4	10.84	19.96
EBITDA, 5 Yr. CAGR %	3.89	3.17	7.13	10.47	19.79
EBITA, 5 Yr. CAGR %	5.41	3.91	7.52	11.64	22.58
EBIT, 5 Yr. CAGR %	5.06	-4.51	3.25	9.8	21.8
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.14	-24.42	8.42	5.2	1.13
Net Income, 5 Yr. CAGR %	89.28	21.04	22.55	7.52	22.67
Normalized Net Income, 5 Yr. CAGR %	2.06	-29.52	-1.65	6.99	6.14
Diluted EPS Before Extra, 5 Yr. CAGR %	0.41	-19.81	15.18	13.57	8.32
Accounts Receivable, 5 Yr. CAGR %	-13.53	-9.01	-3.93	13.63	10.93
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.23	1.88	2.19	8.45	-0.6
Total Assets, 5 Yr. CAGR %	7.81	5.52	3.69	4.1	4.31
Tangible Book Value, 5 Yr. CAGR %	-12.27	-5.94	-1.58	-1.92	-2.73
Common Equity, 5 Yr. CAGR %	-3.84	-2.05	-0.83	-0.32	1.81
Cash From Operations, 5 Yr. CAGR %	-3.65	-46.18	-3.24	7.62	25.7
Capital Expenditures, 5 Yr. CAGR %	-1.11	-6.09	-4.51	-3.22	4.91
Levered Free Cash Flow, 5 Yr. CAGR %	31.64	49.31	27.64	121.64	3.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	30.1	49.33	28.15	127.2	4.7
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-