Adtalem Global Education Inc

For the period ended Dec 31, 2023. Filed Jan 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Jan 30, 2024

CVSA$116.50+2.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(in thousands, except per share data)


· · Three Months Ended · · Six Months Ended
· · December 31, · · December 31,
· · 2023 · · 2022 · · 2023 · · 2022
Revenue	$393,242	$362,834	$762,087	$717,103
Operating cost and expense:
Cost of educational services	172,069	159,303	340,687	318,948
Student services and administrative expense	155,584	141,802	321,679	288,187
Restructuring expense	68	1,363	744	16,428
Business integration expense	6,909	14,816	12,171	24,356
Total operating cost and expense	334,630	317,284	675,281	647,919
Operating income	58,612	45,550	86,806	69,184
Interest expense	(16,693)	(15,589)	(32,350)	(33,349)
Other income (expense), net	3,563	(1,440)	5,777	(679)
Income from continuing operations before income taxes	45,482	28,521	60,233	35,156
Provision for income taxes	(7,769)	(4,395)	(10,561)	(5,517)
Income from continuing operations	37,713	24,126	49,672	29,639
Discontinued operations:
Income (loss) from discontinued operations before income taxes	2,926	524	1,161	(2,741)
Gain (loss) on disposal of discontinued operations before income taxes	—	185	—	(3,174)
(Provision for) benefit from income taxes	(748)	(182)	(296)	1,521
Income (loss) from discontinued operations	2,178	527	865	(4,394)
Net income and comprehensive income	$39,891	$24,653	$50,537	$25,245

Earnings (loss) per share:
Basic:
Continuing operations	$0.95	$0.53	$1.22	$0.65
Discontinued operations	$0.05	$0.01	$0.02	$(0.10)
Total basic earnings per share	$1.00	$0.54	$1.24	$0.56
Diluted:
Continuing operations	$0.92	$0.52	$1.20	$0.64
Discontinued operations	$0.05	$0.01	$0.02	$(0.10)
Total diluted earnings per share	$0.98	$0.53	$1.22	$0.55

Weighted-average shares outstanding:
Basic shares	39,872	45,425	40,636	45,350
Diluted shares	40,787	46,121	41,486	46,232

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.