Adtalem Global Education Inc. (ATGE) financial statements (2023 and earlier)
Company profile
| Business Address |
500 WEST MONROE CHICAGO, IL 60661 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| SIC | 82 - Educational Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 275 | 495 | 509 | 308 | 435 | 246 | 312 | ||
| Cash and cash equivalents | 275 | 495 | 501 | 299 | 431 | 242 | 308 | ||
| Short-term investments | 9 | 9 | 4 | 4 | 4 | ||||
| Restricted cash and investments | 1 | 819 | 1 | 1 | 0 | 9 | 7 | ||
| Receivables | 93 | 68 | 87 | 158 | 147 | 173 | 162 | ||
| Disposal group, including discontinued operation | 74 | 47 | |||||||
| Other undisclosed current assets | 167 | 133 | 96 | 38 | 59 | 43 | 37 | ||
| Total current assets: | 611 | 1,515 | 693 | 505 | 688 | 471 | 518 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 155 | 169 | 175 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 302 | 297 | 286 | 365 | |||||
| Intangible assets, net (including goodwill) | 1,884 | 963 | 974 | 1,293 | 1,177 | 1,265 | 931 | ||
| Goodwill | 960 | 686 | 686 | 874 | 814 | 851 | 588 | ||
| Intangible assets, net (excluding goodwill) | 924 | 276 | 288 | 418 | 363 | 414 | 343 | ||
| Disposal group, including discontinued operation, noncurrent assets | 529 | 13 | |||||||
| Deferred income tax assets | 62 | 22 | 22 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 118 | 88 | 79 | 62 | 39 | 42 | 60 | ||
| Other undisclosed noncurrent assets | 18 | 39 | 47 | 66 | |||||
| Total noncurrent assets: | 3,049 | 1,539 | 1,536 | 1,738 | 1,268 | 1,354 | 1,057 | ||
| Other undisclosed assets | 389 | 489 | 522 | ||||||
| TOTAL ASSETS: | 3,660 | 3,054 | 2,229 | 2,243 | 2,345 | 2,314 | 2,097 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 252 | 250 | 200 | 209 | 200 | 260 | 261 | ||
| Accounts payable | 65 | 56 | 46 | 58 | 47 | 64 | 65 | ||
| Accrued liabilities | 135 | 129 | 104 | 87 | 81 | 99 | 103 | ||
| Employee-related liabilities | 52 | 64 | 49 | 64 | 71 | 96 | 93 | ||
| Debt | 9 | 3 | 3 | 3 | 3 | ||||
| Restructuring reserve | 10 | ||||||||
| Disposal group, including discontinued operation | 58 | 56 | |||||||
| Other undisclosed current liabilities | 179 | 156 | 143 | 90 | 107 | 118 | 100 | ||
| Total current liabilities: | 497 | 409 | 346 | 312 | 366 | 377 | 362 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,755 | 1,236 | 462 | 398 | 290 | 125 | |||
| Long-term debt, excluding current maturities | 1,600 | 1,068 | 286 | 398 | 290 | 125 | |||
| Operating lease, liability | 156 | 168 | 176 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 117 | 107 | 107 | 117 | 161 | 136 | 148 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 102 | 118 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 29 | 35 | 30 | |||
| Deferred income tax liabilities | 27 | 27 | 25 | ✕ | ✕ | ✕ | ✕ | ||
| Restructuring reserve | 15 | ||||||||
| Disposal group, including discontinued operation, liabilities | 32 | 0 | |||||||
| Other liabilities | 58 | 80 | 82 | 102 | 131 | ||||
| Other undisclosed noncurrent liabilities | 15 | ||||||||
| Total noncurrent liabilities: | 1,873 | 1,342 | 569 | 530 | 451 | 261 | 148 | ||
| Total liabilities: | 2,370 | 1,751 | 915 | 842 | 817 | 639 | 510 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,288 | 1,301 | 1,310 | 1,392 | 1,519 | 1,669 | 1,582 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (1,220) | (1,217) | (1,113) | (971) | (711) | (570) | (519) | ||
| Additional paid in capital | 542 | 520 | 504 | 486 | 455 | 416 | 372 | ||
| Accumulated other comprehensive loss | (1) | (7) | (9) | (137) | (142) | (59) | (42) | ||
| Retained earnings | 1,965 | 2,005 | 1,928 | 2,013 | 1,917 | 1,881 | 1,771 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 2 | 3 | 10 | 9 | 6 | 5 | ||
| Total stockholders' equity: | 1,290 | 1,303 | 1,313 | 1,401 | 1,528 | 1,675 | 1,587 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,660 | 3,054 | 2,229 | 2,243 | 2,345 | 2,314 | 2,097 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,281 | 1,112 | 1,052 | 1,240 | 1,231 | 1,815 | 1,851 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,810 | 1,844 | ||
| Cost of revenue | (579) | (489) | (490) | (624) | (646) | (990) | (987) | |
| Cost of goods and services sold | (467) | (489) | (490) | (624) | (646) | (962) | (987) | |
| Gross profit: | 702 | 623 | 562 | 616 | 586 | 825 | 865 | |
| Operating expenses | (597) | (462) | (420) | (456) | (378) | (681) | (876) | |
| Operating income (loss): | 104 | 161 | 142 | 160 | 207 | 144 | (11) | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (103) | (35) | 95 | |||||
| Interest and debt expense | (107) | (41) | (20) | (24) | (15) | (9) | (6) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 34 | 41 | 20 | 34 | 6 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (71) | 127 | 237 | 170 | 199 | 134 | (17) | |
| Loss from equity method investments | (0) | (1) | ||||||
| Other undisclosed income from continuing operations before income taxes | 73 | 0 | 1 | |||||
| Income (loss) from continuing operations before income taxes: | 2 | 127 | 237 | 170 | 199 | 134 | (17) | |
| Income tax expense (benefit) | 39 | (25) | 6 | (34) | (84) | (10) | 15 | |
| Other undisclosed loss from continuing operations | (0) | (1) | ||||||
| Income (loss) from continuing operations: | 41 | 102 | 244 | 136 | 114 | 123 | (3) | |
| Loss from discontinued operations | (48) | (25) | (329) | (40) | (80) | |||
| Net income (loss): | (7) | 76 | (86) | 96 | 34 | 123 | (3) | |
| Net income (loss) attributable to noncontrolling interest | 0 | 0 | 0 | (0) | (1) | (1) | (0) | |
| Net income (loss) available to common stockholders, diluted: | (6) | 77 | (85) | 95 | 34 | 122 | (3) | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (7) | 76 | (86) | 96 | 34 | 123 | (3) | |
| Other undisclosed comprehensive income (loss) | 7 | 2 | 128 | 5 | (83) | (17) | 35 | |
| Comprehensive income (loss): | 0 | 78 | 42 | 101 | (49) | 107 | 32 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | (0) | 1 | (1) | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 1 | 79 | 43 | 100 | (48) | 106 | 31 | |
Statements sources
The financial statements are based on the company's filings with the 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.