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 thousands)
Annual | Quarterly

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments262,438273,689315,373207,776327,515346,973
Cash and cash equivalents262,438273,689315,373207,776327,515346,973
Restricted cash and investments1,9881,3861,8042,2342,480964
Receivables147,752102,749113,28499,542111,85881,635
Other undisclosed current assets60,750100,715102,573113,564128,069126,467
Total current assets:472,928478,539533,034423,116569,922556,039
Noncurrent Assets
Operating lease, right-of-use asset171,055174,677173,271175,097158,287177,995
Property, plant and equipment264,766258,522252,797275,617281,581289,926
Intangible assets, net (including goodwill)1,762,9231,773,6001,785,9031,800,1351,816,3111,834,839
Goodwill961,262961,262961,262961,262961,262961,262
Intangible assets, net (excluding goodwill)801,661812,338824,641838,873855,049873,577
Deferred income tax assets54,85556,69454,49452,46049,31851,093
Other noncurrent assets67,63468,50967,618116,613120,630119,283
Other undisclosed noncurrent assets      
Total noncurrent assets:2,321,2332,332,0022,334,0832,419,9222,426,1272,473,136
TOTAL ASSETS:2,794,1612,810,5412,867,1172,843,0382,996,0493,029,175
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166,261187,618159,998164,894213,246221,906
Employee-related liabilities✕✕✕✕✕55,03466,642
Accounts payable76,86681,81273,30771,18964,40757,140
Accrued liabilities89,395105,80686,69193,70593,80598,124
Deferred revenue250,555153,871175,488   
Other undisclosed current liabilities78,81989,714102,434206,568277,303195,621
Total current liabilities:495,635431,203437,920371,462490,549417,527
Noncurrent Liabilities
Long-term debt and lease obligation695,725695,077694,429693,781906,5361,015,953
Long-term debt, excluding current maturities695,725695,077694,429693,781741,696838,908
Liabilities, other than long-term debt224,138226,925224,383255,07388,92590,628
Deferred income tax liabilities26,39426,06827,23726,67626,40825,554
Other liabilities37,22137,41632,96161,90162,51765,074
Operating lease, liability160,523163,441164,185166,496164,840177,045
Total noncurrent liabilities:919,863922,002918,812948,854995,4611,106,581
Total liabilities:1,415,4981,353,2051,356,7321,320,3161,486,0101,524,108
Equity
Equity, attributable to parent1,378,6631,457,3361,510,3851,522,7221,510,0391,505,067
Common stock826822822822821818
Treasury stock, value(1,611,072)(1,513,770)(1,434,079)(1,386,395)(1,342,786)(1,339,449)
Additional paid in capital576,758568,761564,363561,376529,229521,848
Accumulated other comprehensive loss(2,227)(2,227)(2,227)(2,227)(2,227)(960)
Retained earnings2,414,3782,403,7502,381,5062,349,1462,325,0022,322,810
Total equity:1,378,6631,457,3361,510,3851,522,7221,510,0391,505,067
TOTAL LIABILITIES AND EQUITY:2,794,1612,810,5412,867,1172,843,0382,996,0493,029,175

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
Revenues368,845364,641369,082363,302354,559361,231
Cost of revenue(168,618)(170,677)(177,166)(175,244)(168,060)(172,940)
Cost of goods and services sold(168,618)(163,718)(165,820)(159,303)(159,645)(161,279)
Gross profit:200,227193,964191,916188,058186,499188,291
Operating expenses(172,033)(154,407)(132,487)(142,031)(163,406)(143,762)
Operating income:28,19439,55759,42946,02723,09344,529
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		2,2143,6643,980(2,574)(16,193)(18,405)
Interest and debt expense(15,657)(15,294)(14,457)(15,589)7130,872
Income from continuing operations before equity method investments, income taxes:14,75127,92748,95227,8646,97156,996
Other undisclosed loss from continuing operations before income taxes     (71)(30,872)
Income from continuing operations before income taxes:14,75127,92748,95227,8646,90026,124
Income tax expense(2,792)(4,377)(389)(4,247)(1,054)(23,660)
Income from continuing operations:11,95923,55048,56323,6175,8462,464
Income before gain (loss) on sale of properties:✕✕✕✕✕2,1928,014
Income (loss) from discontinued operations(1,313)(1,306)(2,694)527(3,654)5,550
Net income available to common stockholders, diluted:10,64622,24445,86924,1442,1928,014

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
6/30/2022
Q4
Net income:10,64622,24445,86924,1442,1928,014
Other undisclosed comprehensive income      1,249
Comprehensive income:10,64622,24445,86924,1442,1929,263
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1,267) 
Comprehensive income, net of tax, attributable to parent:10,64622,24445,86924,1449259,263

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: