Adtalem Global Education : Unaudited Consolidated Statements of Income (Loss) for the fiscal years ended June 30, 2020 and June 30, 2021, and quarterly periods ended September 30, 2020 through September 30, 2021 - Form 8-K
February 08, 2022 at 04:28 pm EST
Share
Adtalem Global Education Inc.
Consolidated Statements of Income (Loss)
(unaudited)
(in thousands, except per share data)
Three Months Ended
Year Ended
Sept. 30,
June 30,
March 31,
Dec. 31,
Sept. 30,
June 30,
June 30,
2021
2021
2021
2020
2020
2021
2020
Revenue
$
289,070
$
223,466
$
230,213
$
234,396
$
218,826
$
906,901
$
866,427
Operating cost and expense:
Cost of educational services
152,050
116,408
114,977
120,827
105,693
457,905
457,165
Student services and administrative expense
129,436
74,980
74,412
72,260
70,830
292,482
280,291
Restructuring expense
3,094
1,570
1,217
1,166
2,916
6,869
23,683
Business acquisition and integration expense
26,553
3,432
3,646
11,079
13,436
31,593
-
Gain on sale of assets
-
-
-
-
-
-
(4,779)
Total operating cost and expense
311,133
196,390
194,252
205,332
192,875
788,849
756,360
Operating income (loss)
(22,063)
27,076
35,961
29,064
25,951
118,052
110,067
Other income (expense):
Interest and dividend income
878
961
910
1,219
1,004
4,094
3,688
Interest expense
(47,393)
(25,382)
(8,555)
(3,736)
(3,692)
(41,365)
(19,510)
Investment gain
-
636
479
1,005
518
2,638
18
Gain on derivative
-
-
-
-
-
-
110,723
Net other income (expense)
(46,515)
(23,785)
(7,166)
(1,512)
(2,170)
(34,633)
94,919
Income (loss) from continuing operations before income taxes
(68,578)
3,291
28,795
27,552
23,781
83,419
204,986
(Provision for) benefit from income taxes
(8,604)
(726)
(4,557)
(3,611)
(4,195)
(13,089)
14,939
Income (loss) from continuing operations
(77,182)
2,565
24,238
23,941
19,586
70,330
219,925
Discontinued operations:
Income (loss) from discontinued operations before income taxes
(6,050)
7,326
1,416
72
671
9,485
(30,386)
Loss on disposal of discontinued operations before income taxes (includes ($293,360) accumulated other comprehensive income reclassifications for realized loss on foreign currency translation adjustments for the year ended June 30, 2020)
-
-
-
-
-
-
(287,560)
(Provision for) benefit from income taxes
25,228
(954)
(1,104)
(864)
(418)
(3,340)
12,243
Income (loss) from discontinued operations
19,178
6,372
312
(792)
253
6,145
(305,703)
Net income (loss)
(58,004)
8,937
24,550
23,149
19,839
76,475
(85,778)
Net loss attributable to redeemable noncontrolling interest
-
75
102
166
91
434
444
Net income (loss) attributable to Adtalem Global Education
$
(58,004)
$
9,012
$
24,652
$
23,315
$
19,930
$
76,909
$
(85,334)
Amounts attributable to Adtalem Global Education:
Net income (loss) from continuing operations
$
(77,182)
$
2,565
$
24,238
$
23,941
$
19,586
$
70,330
$
219,925
Net income (loss) from discontinued operations
19,178
6,447
414
(626)
344
6,579
(305,259)
Net income (loss) attributable to Adtalem Global Education
$
(58,004)
$
9,012
$
24,652
$
23,315
$
19,930
$
76,909
$
(85,334)
Earnings (loss) per share attributable to Adtalem Global Education:
Basic:
Continuing operations
$
(1.55)
$
0.05
$
0.48
$
0.46
$
0.37
$
1.37
$
4.10
Discontinued operations
$
0.39
$
0.13
$
0.01
$
(0.01)
$
0.01
$
0.13
$
(5.69)
Net
$
(1.17)
$
0.18
$
0.49
$
0.45
$
0.38
$
1.50
$
(1.59)
Diluted:
Continuing operations
$
(1.55)
$
0.05
$
0.47
$
0.46
$
0.37
$
1.36
$
4.07
Discontinued operations
$
0.39
$
0.13
$
0.01
$
(0.01)
$
0.01
$
0.13
$
(5.64)
Net
$
(1.17)
$
0.18
$
0.48
$
0.44
$
0.38
$
1.49
$
(1.58)
Weighted-average shares outstanding:
Basic shares
49,663
49,884
50,658
52,251
52,464
51,322
53,659
Diluted shares
49,663
50,326
51,111
52,441
52,797
51,645
54,094
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Adtalem Global Education Inc. published this content on 08 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2022 21:26:02 UTC.
Adtalem Global Education Inc. is a provider of professional talent to the healthcare industry. The Company operates through three segments: Chamberlain, Walden, and Medical and Veterinary. Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment includes the operations of Chamberlain University (Chamberlain). Walden segment offers more than 100 online certificate, bachelorâs, masterâs, and doctoral degrees, including those in nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. Medical and Veterinary segment offers degree and non-degree programs in the medical and veterinary postsecondary education industry. This segment includes the operations of the American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
Adtalem Global Education : Unaudited Consolidated Statements of Income (Loss) for the fiscal years ended June 30, 2020 and June 30, 2021, and quarterly periods ended September 30, 2020 through September 30, 2021 - Form 8-K