Perdoceo Education (PRDO) FY2015 results: revenue $847 million, down 7.3% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $847 million for fiscal 2015, the year ended 31 December 2015, down 7.3% on the year before. Net income was $52 million, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2016.
Revenue
$847 million
-7.3% on the year
FY2008FY2015
Operating margin
-10.9%
-15.2% a year earlier
FY2008FY2015
Net income
$52 million
FY2008FY2015
Diluted EPS
$0.76
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
847
914
1,017
-7.3%
Operating income
-92.2
-139
-162
Operating margin
-10.9%
-15.2%
-15.9%
Interest expense
0.8
0.5
1.4
+70.1%
Pre-tax income
-94.4
-139
-169
Income tax
-147
3.7
0.5
Net income
51.9
-178
-164
Net margin
6.1%
-19.5%
-16.1%
Diluted EPS
$0.76
-$2.65
-$2.46
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-21.2
-119
-85.8
Capital expenditure
11.7
13.2
19.6
-11.1%
Free cash flow
-32.9
-132
-105
Free cash flow margin
-3.9%
-14.4%
-10.4%
Cash from investing
-8.0
-108
167
Cash from financing
29.0
1.0
6.1
+2,855.1%
Depreciation and amortisation
24.9
55.5
73.2
-55.0%
Share-based compensation
2.9
4.3
6.7
-33.2%
Diluted shares, weighted
68m
67m
67m
+1.7%
Shares outstanding at period end
68m
68m
67m
+0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
338
282
455
+19.7%
Debt
38.0
10.0
0.0
+280.0%
Other liabilities
235
282
350
-16.4%
Total liabilities and equity
611
574
805
+6.5%
Fixed assets
58.2
116
112
-49.6%
Goodwill
87.4
87.4
87.4
0.0%
Intangible assets
9.3
28.2
12.8
-67.0%
Investments
115
123
31.6
-6.5%
Cash and equivalents
66.9
93.8
319
-28.7%
Receivables
31.6
31.4
28.0
+0.7%
Inventory
3.4
5.0
4.6
-33.2%
Other assets
239
89.2
210
+168.1%
Total assets
611
574
805
+6.5%
10-K for the year ended 31 December 2015, filed 29 February 2016: the filing.