Career Education Financials

$704.4 M

Revenue FY, 2016

$843.3 M

Mkt cap, 16-Feb-2018
Revenue growth (FY, 2015 - FY, 2016), %(17%)
Net income (FY, 2016)(18.7 M)

Revenue/Financials

Income Statement

Annual

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

Revenue

1.1 b741.4 m847.3 m704.4 m

Revenue growth, %

(30%)14%(17%)

EBIT

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

EBIT margin, %

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

Interest expense

1.4 m491 k835 k

Interest income

1.4 m851 k794 k

Income tax expense

(19.7 m)3.7 m(147.5 m)

Net Income

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

Balance Sheet

Annual

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

Inventories

6.7 m3.3 m3.4 m1.9 m

Current Assets

460 m380.8 m289 m248.2 m

PP&E

182.4 m73.1 m58.2 m40.5 m

Goodwill

87.4 m87.4 m87.4 m87.4 m

Total Assets

805 m573.5 m610.9 m559.6 m

Accounts Payable

24.7 m22 m25.9 m10.1 m

Short-term debt

10 m38 m38 m

Current Liabilities

207.4 m201.2 m192.8 m169.2 m

Non-Current Liabilities

142.2 m90.4 m80.5 m68.9 m

Total Debt

38 m

Total Liabilities

349.7 m291.6 m273.3 m238.1 m

Additional Paid-in Capital

600.9 m606.5 m610.8 m613.3 m

Retained Earnings

68.7 m(57.5 m)(76.2 m)

Total Equity

455.4 m281.9 m337.6 m321.5 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.8 x2 x1.8 x1.7 x

Quarterly

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

Inventories

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

Current Assets

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Short-term debt

10 m10 m10 m38 m38 m38 m

Current Liabilities

355.9 m193.4 m177 m187.1 m135 m129.4 m130.8 m123.2 m121 m

Non-Current Liabilities

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

Total Debt

10 m10 m10 m38 m38 m38 m

Additional Paid-in Capital

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

Retained Earnings

99.3 m(134.3 m)(155 m)(200.2 m)(54.5 m)(42.7 m)(43.4 m)(71.1 m)(66.8 m)

Total Equity

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

Financial Leverage

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

Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

73.2 m55.5 m24.9 m22.7 m

Accounts Payable

(8.5 m)(830 k)2.5 m(16.3 m)

Cash From Operating Activities

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

Purchases of PP&E

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

Cash From Investing Activities

166.9 m(107.6 m)(8 m)(34.4 m)

Cash From Financing Activities

6.1 m980 k2.5 m11.2 m

Interest Paid

517 k54 k33 k153 k

Income Taxes Paid

5.1 m17.5 m580 k334 k

Quarterly

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

Net Income

(133.7 m)

Depreciation and Amortization

56.6 m

Inventories

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

Accounts Payable

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

Cash From Operating Activities

(77.8 m)

Purchases of PP&E

(16.6 m)

Cash From Investing Activities

(7.5 m)

Cash From Financing Activities

5.9 m

Income Taxes Paid

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

Ratios

USDY, 2017

Financial Leverage

1.5 x
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