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 investments275495509308435246312
Cash and cash equivalents275495501299431242308
Short-term investments  99444
Restricted cash and investments181911097
Receivables936887158147173162
Disposal group, including discontinued operation74   47  
Other undisclosed current assets1671339638594337
Total current assets:6111,515693505688471518
Noncurrent Assets
Operating lease, right-of-use asset155169175
Property, plant and equipment302297286365   
Intangible assets, net (including goodwill)1,8849639741,2931,1771,265931
Goodwill960686686874814851588
Intangible assets, net (excluding goodwill)924276288418363414343
Disposal group, including discontinued operation, noncurrent assets529   13  
Deferred income tax assets622222
Other noncurrent assets118887962394260
Other undisclosed noncurrent assets   18394766
Total noncurrent assets:3,0491,5391,5361,7381,2681,3541,057
Other undisclosed assets    389489522
TOTAL ASSETS:3,6603,0542,2292,2432,3452,3142,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities252250200209200260261
Accounts payable65564658476465
Accrued liabilities135129104878199103
Employee-related liabilities52644964719693
Debt93333  
Restructuring reserve   10   
Disposal group, including discontinued operation58   56  
Other undisclosed current liabilities17915614390107118100
Total current liabilities:497409346312366377362
Noncurrent Liabilities
Long-term debt and lease obligation1,7551,236462398290125 
Long-term debt, excluding current maturities1,6001,068286398290125 
Operating lease, liability156168176
Liabilities, other than long-term debt117107107117161136148
Deferred revenue and credits 102118
Deferred tax liabilities, net 293530
Deferred income tax liabilities272725
Restructuring reserve   15   
Disposal group, including discontinued operation, liabilities32   0  
Other liabilities588082102131  
Other undisclosed noncurrent liabilities   15   
Total noncurrent liabilities:1,8731,342569530451261148
Total liabilities:2,3701,751915842817639510
Stockholders' equity
Stockholders' equity attributable to parent1,2881,3011,3101,3921,5191,6691,582
Common stock1111111
Treasury stock, value(1,220)(1,217)(1,113)(971)(711)(570)(519)
Additional paid in capital542520504486455416372
Accumulated other comprehensive loss(1)(7)(9)(137)(142)(59)(42)
Retained earnings1,9652,0051,9282,0131,9171,8811,771
Stockholders' equity attributable to noncontrolling interest22310965
Total stockholders' equity:1,2901,3031,3131,4011,5281,6751,587
TOTAL LIABILITIES AND EQUITY:3,6603,0542,2292,2432,3452,3142,097

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
Revenues1,2811,1121,0521,2401,2311,8151,851
Revenue, net 1,8101,844
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:702623562616586825865
Operating expenses(597)(462)(420)(456)(378)(681)(876)
Operating income (loss):104161142160207144(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 taxes344120346  
Income (loss) from continuing operations before equity method investments, income taxes:(71)127237170199134(17)
Loss from equity method investments    (0)(1) 
Other undisclosed income from continuing operations before income taxes73   01 
Income (loss) from continuing operations before income taxes:2127237170199134(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:41102244136114123(3)
Loss from discontinued operations(48)(25)(329)(40)(80)  
Net income (loss):(7)76(86)9634123(3)
Net income (loss) attributable to noncontrolling interest000(0)(1)(1)(0)
Net income (loss) available to common stockholders, diluted:(6)77(85)9534122(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)9634123(3)
Other undisclosed comprehensive income (loss)721285(83)(17)35
Comprehensive income (loss):07842101(49)10732
Comprehensive income (loss), net of tax, attributable to noncontrolling interest000(0)1(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:17943100(48)10631

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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