Adtalem Global Education Inc. (ATGE) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 WEST MONROE
CHICAGO, IL 60661
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments274347495509308435
Cash and cash equivalents274347495501299431
Short-term investments    994
Restricted cash and investments11819110
Receivables103826887158147
Disposal group, including discontinued operation      47
Other undisclosed current assets101126133963859
Total current assets:4795561,515693505688
Noncurrent Assets
Operating lease, right-of-use asset175178169175
Property, plant and equipment259290297286365 
Intangible assets, net (including goodwill)1,7741,8359639741,2931,177
Goodwill961961686686874814
Intangible assets, net (excluding goodwill)812874276288418363
Disposal group, including discontinued operation, noncurrent assets      13
Deferred income tax assets57512222
Other noncurrent assets6911988796239
Other undisclosed noncurrent assets    1839
Total noncurrent assets:2,3322,4731,5391,5361,7381,268
Other undisclosed assets      389
TOTAL ASSETS:2,8113,0293,0542,2292,2432,345
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188222250200209200
Employee-related liabilities6764496471
Accounts payable825756465847
Accrued liabilities106981291048781
Deferred revenue154   
Debt   3333
Restructuring reserve     10 
Disposal group, including discontinued operation      56
Other undisclosed current liabilities9019615614390107
Total current liabilities:431418409346312366
Noncurrent Liabilities
Long-term debt and lease obligation6951,0161,236462398290
Long-term debt, excluding current maturities6958391,068286398290
Liabilities, other than long-term debt22791107107117161
Deferred tax liabilities, net 29
Deferred income tax liabilities26262725
Restructuring reserve     15 
Disposal group, including discontinued operation, liabilities      0
Other liabilities37658082102131
Operating lease, liability163177168176
Other undisclosed noncurrent liabilities     15 
Total noncurrent liabilities:9221,1071,342569530451
Total liabilities:1,3531,5241,751915842817
Equity
Equity, attributable to parent1,4571,5051,3011,3101,3921,519
Common stock111111
Treasury stock, value(1,514)(1,339)(1,217)(1,113)(971)(711)
Additional paid in capital569522520504486455
Accumulated other comprehensive loss(2)(1)(7)(9)(137)(142)
Retained earnings2,4042,3232,0051,9282,0131,917
Equity, attributable to noncontrolling interest   23109
Total equity:1,4571,5051,3031,3131,4011,528
TOTAL LIABILITIES AND EQUITY:2,8113,0293,0542,2292,2432,345

Income Statement (P&L) ($ in millions)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues1,4511,3871,1121,0521,2401,231
Cost of revenue(691)(713)(489)(490)(624)(646)
Cost of goods and services sold(648)(660)(489)(490)(624)(646)
Gross profit:760674623562616586
Operating expenses(592)(594)(462)(420)(456)(378)
Operating income:16880161142160207
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
7(126)(35)95  
Interest and debt expense(63)2(41)(20)(24)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes   4120346
Income (loss) from continuing operations before equity method investments, income taxes:112(43)127237170199
Loss from equity method investments      (0)
Other undisclosed income (loss) from continuing operations before income taxes  (2)   0
Income (loss) from continuing operations before income taxes:112(45)127237170199
Income tax expense (benefit)(10)15(25)6(34)(84)
Other undisclosed loss from continuing operations      (0)
Income (loss) from continuing operations:102(30)102244136114
Income (loss) before gain (loss) on sale of properties:31876(86)9634
Income (loss) from discontinued operations(8)348(25)(329)(40)(80)
Net income (loss):9331876(86)9634
Net income (loss) attributable to noncontrolling interest   00(0)(1)
Net income (loss) available to common stockholders, diluted:9331877(85)9534

Comprehensive Income ($ in millions)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):9331876(86)9634
Other undisclosed comprehensive income (loss)  621285(83)
Comprehensive income (loss):933247842101(49)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   00(0)1
Comprehensive income (loss), net of tax, attributable to parent:933247943100(48)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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