Adtalem Global Education Inc. (ATGE) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments77308435246312357362
Cash and cash equivalents67299431242308353358
Short-term investments9944443
Restricted cash and investments31097118
Receivables93158147173162139133
Disposal group, including discontinued operation171 47    
Other undisclosed current assets45385943379574
Total current assets:390505688471518601577
Noncurrent Assets
Operating lease, right-of-use asset188
Property, plant and equipment282365   546556
Intangible assets, net (including goodwill)9801,2931,1771,265931876815
Goodwill687874814851588552520
Intangible assets, net (excluding goodwill)293418363414343324295
Disposal group, including discontinued operation, noncurrent assets453 13   
Other noncurrent assets83623942603836
Other undisclosed noncurrent assets1618394766(532)(542)
Total noncurrent assets:2,0011,7381,2681,3541,057927865
Other undisclosed assets  389489522546556
TOTAL ASSETS:2,3912,2432,3452,3142,0972,0741,998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities160209200260261232218
Accounts payable31584764656352
Accrued liabilities908781991038571
Employee-related liabilities39647196938395
Debt5633    
Restructuring reserve 10   27
Disposal group, including discontinued operation37 56    
Other undisclosed current liabilities51901071181006399
Total current liabilities:304312366377362322317
Noncurrent Liabilities
Long-term debt and lease obligation592398290125   
Long-term debt, excluding current maturities412398290125   
Operating lease, liability180
Liabilities, other than long-term debt196117161136148158141
Deferred revenue and credits 10211810293
Deferred tax liabilities, net 2935305648
Deferred income tax liabilities29
Restructuring reserve 15     
Disposal group, including discontinued operation, liabilities76 0    
Other liabilities92102131    
Other undisclosed noncurrent liabilities 15     
Total noncurrent liabilities:788530451261148158141
Total liabilities:1,093842817639510480458
Stockholders' equity
Stockholders' equity attributable to parent1,2951,3921,5191,6691,5821,5851,533
Common stock1111111
Treasury stock, value(1,076)(971)(711)(570)(519)(485)(455)
Additional paid in capital497486455416372350321
Accumulated other comprehensive loss(159)(137)(142)(59)(42)(77)(15)
Retained earnings2,0332,0131,9171,8811,7711,7961,682
Stockholders' equity attributable to noncontrolling interest310965106
Other undisclosed stockholders' equity      (6)
Total stockholders' equity:1,2981,4011,5281,6751,5871,5941,533
Other undisclosed liabilities and equity      6
TOTAL LIABILITIES AND EQUITY:2,3912,2432,3452,3142,0972,0741,998

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues1,1601,2401,2311,8151,8511,910466
Revenue, net 1,8101,8441,9101,923
Cost of revenue(572)(624)(646)(990)(987)(1,010)(993)
Cost of goods and services sold(572)(624)(646)(962)(987)(1,000)(983)
Gross profit:588616586825865900(527)
Operating expenses(430)(456)(378)(681)(876)(854)(858)
Other undisclosed operating income     1101,566
Operating income (loss):158160207144(11)157181
Nonoperating expense(28)    (1)(0)
Investment income, nonoperating(28)    21
Other nonoperating expense     (3)(2)
Interest and debt expense(22)(24)(15)(9)(6)(5)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes33346  32
Income (loss) from continuing operations before equity method investments, income taxes:141170199134(17)154179
Loss from equity method investments  (0)(1)   
Other undisclosed income from continuing operations before income taxes  01   
Income (loss) from continuing operations before income taxes:141170199134(17)154179
Income tax expense (benefit)(34)(34)(84)(10)15(19)(28)
Other undisclosed loss from continuing operations  (0)(1)   
Income (loss) from continuing operations:107136114123(3)135152
Income (loss) from discontinued operations0(40)(80)  6(17)
Net income (loss):1079634123(3)141135
Net loss attributable to noncontrolling interest(0)(0)(1)(1)(0)(1)(1)
Other undisclosed net income attributable to parent0      
Net income (loss) available to common stockholders, diluted:1079534122(3)140134

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):1079634123(3)141135
Other undisclosed comprehensive income (loss)(16)5(83)(17)35(62)1
Comprehensive income (loss):92101(49)1073279136
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)1(1)(1)2(1)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:92100(48)1063180136

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.

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