Perdoceo Education (PRDO) FY2012 results: revenue $1.0 billion, down 40.2% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $1.0 billion for fiscal 2012, the year ended 31 December 2012, down 40.2% on the year before. Net income was -$143 million, and diluted earnings per share $-2.15. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$1.0 billion
-40.2% on the year
FY2008FY2012
Operating margin
-6.8%
0.7% a year earlier
FY2008FY2012
Net income
-$143 million
FY2008FY2012
Diluted EPS
-$2.15
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,020
1,706
2,070
-40.2%
Operating income
-69.7
11.2
242
Operating margin
-6.8%
0.7%
11.7%
Interest expense
0.1
0.2
0.4
-13.5%
Pre-tax income
-68.8
13.7
243
Income tax
-3.9
42.5
78.9
Effective tax rate
n/a
308.9%
32.5%
Net income
-143
18.6
158
Net margin
-14.0%
1.1%
7.6%
Diluted EPS
-$2.15
$0.25
$1.95
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-16.8
230
272
Capital expenditure
37.9
78.3
127
-51.6%
Free cash flow
-54.7
152
145
Free cash flow margin
-5.4%
8.9%
7.0%
Cash from investing
58.4
-66.2
-92.8
Cash from financing
-79.7
-163
-174
Depreciation and amortisation
81.8
85.4
71.6
-4.2%
Share-based compensation
9.7
14.8
17.3
-34.7%
Buybacks
56.4
150
155
-62.5%
Diluted shares, weighted
66m
74m
81m
-10.8%
Shares outstanding at period end
67m
74m
81m
-8.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
612
806
934
-24.1%
Redeemable equity
n/a
0.1
n/a
Debt
80.0
0.2
1.2
+38,547.3%
Other liabilities
431
510
637
-15.5%
Total liabilities and equity
1,123
1,316
1,573
-14.7%
Fixed assets
248
350
364
-29.2%
Goodwill
87.4
171
375
-48.8%
Intangible assets
56.0
76.3
110
-26.6%
Investments
63.9
161
160
-60.2%
Cash and equivalents
112
172
173
-34.5%
Receivables
54.2
60.0
62.1
-9.6%
Inventory
8.4
11.4
13.1
-26.4%
Other assets
493
316
317
+56.1%
Total assets
1,123
1,316
1,573
-14.7%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.