Adtalem Global Education Inc. (ATGE) Financial Statements (2025 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)

12/31/2024
MRQ
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments219274347495509308
Cash and cash equivalent219274347495501299
Short-term investments     99
Restricted cash and investments21181911
Receivables127103826887158
Other undisclosed current assets701011261339638
Total current assets:4184795561,515693505
Noncurrent Assets
Operating lease, right-of-use asset177175178169175
Property, plant and equipment249259290297286365
Long-term investments and receivables 26     
Accounts and financing receivable, after allowance for credit loss 26     
Intangible assets, net (including goodwill)1,7381,7741,8359639741,293
Goodwill961961961686686874
Intangible assets, net (excluding goodwill)777812874276288418
Deferred income tax assets4957512222
Other noncurrent assets10369119887962
Other undisclosed noncurrent assets(18)    18
Total noncurrent assets:2,3232,3322,4731,5391,5361,738
TOTAL ASSETS:2,7412,8113,0293,0542,2292,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities200188222250200209
Employee-related liabilities67644964
Accounts payable1038257564658
Accrued liabilities971069812910487
Deferred revenue185154   
Debt    333
Restructuring reserve      10
Other undisclosed current liabilities1039019615614390
Total current liabilities:488431418409346312
Noncurrent Liabilities
Long-term debt and lease obligation6496951,0161,236462398
Long-term debt, excluding current maturities6496958391,068286398
Liabilities, other than long-term debt25622791107107117
Deferred revenue 20    
Deferred income tax liabilities3026262725
Restructuring reserve      15
Other liabilities3937658082102
Operating lease, liability168163177168176
Other undisclosed noncurrent liabilities (20)    15
Total noncurrent liabilities:8859221,1071,342569530
Total liabilities:1,3721,3531,5241,751915842
Equity
Equity, attributable to parent1,3691,4571,5051,3011,3101,392
Common stock111111
Treasury stock, value(1,782)(1,514)(1,339)(1,217)(1,113)(971)
Additional paid in capital612569522520504486
Accumulated other comprehensive loss(2)(2)(1)(7)(9)(137)
Retained earnings2,5412,4042,3232,0051,9282,013
Equity, attributable to noncontrolling interest    2310
Total equity:1,3691,4571,5051,3031,3131,401
TOTAL LIABILITIES AND EQUITY:2,7412,8113,0293,0542,2292,243

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

12/31/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues1,5851,4511,3871,1121,0521,240
Cost of revenue(701)(691)(713)(489)(490)(624)
Cost of product and service sold(699)(648)(660)(489)(490)(624)
Gross profit:883760674623562616
Operating expenses(703)(592)(594)(462)(420)(456)
Other undisclosed operating income37     
Operating income:21716880161142160
Nonoperating income (expense)217(126)(35)95 
Investment income, nonoperating11     
Other nonoperating income (expense)117(126)(35)95 
Interest and debt expense(65)(63)2(41)(20)(24)
Other undisclosed income from continuing operations before equity method investments, income taxes    412034
Income (loss) from continuing operations before equity method investments, income taxes:173112(43)127237170
Other undisclosed loss from continuing operations before income taxes(9) (2)   
Income (loss) from continuing operations before income taxes:164112(45)127237170
Income tax expense (benefit)(26)(10)15(25)6(34)
Income (loss) from continuing operations:138102(30)102244136
Income (loss) before gain (loss) on sale of properties:31876(86)96
Income (loss) from discontinued operations(1)(8)348(25)(329)(40)
Net income (loss):1379331876(86)96
Net income (loss) attributable to noncontrolling interest    00(0)
Net income (loss) available to common stockholders, diluted:1379331877(85)95

Comprehensive Income ($ in millions)

12/31/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):1379331876(86)96
Other undisclosed comprehensive income   621285
Comprehensive income:137933247842101
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    00(0)
Comprehensive income, net of tax, attributable to parent:137933247943100

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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