$967.8 M

CECO Mkt cap, 18-Oct-2018

$290.1 M

Career Education Revenue Q2, 2018
Career Education Net income (Q2, 2018)26.3 M
Career Education EBIT (Q2, 2018)31.8 M

Career Education Income Statement

Annual

USDFY, 2013FY, 2014Y, 2015FY, 2016FY, 2017

Revenue

1.1b741.4m847.3m704.4m596.4m

Revenue growth, %

(30%)14%(17%)

General and administrative expense

405.0m

Operating expense total

562.3m

Depreciation and amortization

14.0m

EBIT

(214.7m)(72.7m)(92.2m)34.1m

EBIT margin, %

(20%)(10%)(11%)6%

Interest expense

1.4m491.0k835.0k451.0k

Interest income

1.4m851.0k794.0k1.9m

Income tax expense

(19.7m)3.7m(147.5m)67.1m

Net Income

(164.3m)(178.2m)51.9m(18.7m)(31.9m)

Quarterly

USDQ1, 2018Q2, 2018

Revenue

148.1m290.1m

General and administrative expense

98.0m196.3m

Operating expense total

127.5m258.3m

Depreciation and amortization

2.6m4.7m

EBIT

20.5m31.8m

EBIT margin, %

14%11%

Interest expense

109.0k215.0k

Interest income

634.0k1.4m

Income tax expense

3.5m6.4m

Net Income

17.5m26.3m

Career Education Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Accounts Receivable

Inventories

6.7m3.3m3.4m1.9m1.1m

Current Assets

460.0m380.8m289.0m248.2m210.7m

PP&E

182.4m73.1m58.2m40.5m

Goodwill

87.4m87.4m87.4m87.4m87.4m

Total Assets

805.0m573.5m610.9m559.6m447.1m

Accounts Payable

24.7m22.0m25.9m10.1m8.5m

Short-term debt

10.0m38.0m38.0m

Current Liabilities

207.4m201.2m192.8m169.2m112.7m

Long-term debt

Non-Current Liabilities

142.2m90.4m80.5m68.9m38.2m

Total Debt

38.0m

Total Liabilities

349.7m291.6m273.3m238.1m

Additional Paid-in Capital

600.9m606.5m610.8m613.3m621.0m

Retained Earnings

68.7m(57.5m)(76.2m)(108.1m)

Total Equity

455.4m281.9m337.6m321.5m296.2m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.8 x2 x1.8 x1.7 x1.5 x

Quarterly

USDQ3, 2013Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Inventories

7.1m3.1m2.7m2.4m2.5m2.1m1.8m1.4m877.0k1.0m914.0k

Current Assets

557.2m347.5m315.9m278.4m233.5m249.7m259.8m205.8m209.7m225.4m230.7m

PP&E

202.1m65.1m57.9m54.7m52.6m48.6m45.2m

Goodwill

87.4m87.4m87.4m87.4m87.4m87.4m87.4m87.4m87.4m87.4m87.4m

Total Assets

985.2m529.6m490.4m448.9m550.2m552.8m551.5m509.7m506.5m457.3m458.8m

Accounts Payable

33.7m28.7m17.6m28.3m18.6m13.8m16.0m13.3m10.4m11.7m11.3m

Short-term debt

10.0m10.0m10.0m38.0m38.0m38.0m

Current Liabilities

355.9m193.4m177.0m187.1m135.0m129.4m130.8m123.2m121.0m114.1m105.9m

Non-Current Liabilities

138.2m78.3m74.9m67.4m73.8m69.3m65.7m59.5m50.5m30.3m30.0m

Total Debt

10.0m10.0m10.0m38.0m38.0m38.0m

Additional Paid-in Capital

602.7m607.6m608.9m610.1m611.5m612.4m613.6m614.6m618.1m623.4m624.9m

Retained Earnings

99.3m(134.3m)(155.0m)(200.2m)(54.5m)(42.7m)(43.4m)(71.1m)(66.8m)(90.6m)(81.9m)

Total Equity

491.1m257.9m238.5m194.4m341.4m354.2m355.0m327.1m334.9m313.0m322.9m

Financial Leverage

2 x2.1 x2.1 x2.3 x1.6 x1.6 x1.6 x1.6 x1.5 x1.5 x1.4 x

Career Education Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(164.3m)(178.2m)51.9m(18.7m)(31.9m)

Depreciation and Amortization

73.2m55.5m24.9m22.7m14.0m

Accounts Receivable

Inventories

Accounts Payable

(8.5m)(830.0k)2.5m(16.3m)(1.6m)wdxefcqufszuzezftuxetqsqxt

Cash From Operating Activities

(85.8m)(118.6m)(21.7m)5.9m(21.8m)

Purchases of PP&E

(19.6m)(13.2m)(11.7m)(4.1m)(6.3m)

Cash From Investing Activities

166.9m(107.6m)(8.0m)(34.4m)(11.6m)

Cash From Financing Activities

6.1m980.0k2.5m11.2m1.5m

Interest Paid

517.0k54.0k33.0k153.0k

Income Taxes Paid

5.1m17.5m580.0k334.0k120.0k

Quarterly

USDQ3, 2013Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(133.7m)17.5m26.3m

Depreciation and Amortization

56.6m2.6m4.7m

Inventories

3.1m2.7m2.4m2.5m2.1m1.8m1.4m

Accounts Payable

28.7m17.6m28.3m18.6m13.8m16.0m13.3m

Cash From Operating Activities

(77.8m)11.1m14.8m

Purchases of PP&E

(16.6m)(1.4m)(2.7m)

Cash From Investing Activities

(7.5m)(2.9m)2.4m

Cash From Financing Activities

5.9m(2.1m)(2.0m)

Income Taxes Paid

1.6m1.5m1.7m5.1m1.6m1.7m2.3m

Career Education Ratios

USDY, 2018

Financial Leverage

1.4 x
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Career Education Operating Metrics

FY, 2015FY, 2016FY, 2017

Total Enrollment

43.20 k36.60 k34.80 k
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