Perdoceo Education (PRDO) FY2016 results: revenue $704 million, down 16.9% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $704 million for fiscal 2016, the year ended 31 December 2016, down 16.9% on the year before. Net income was -$19 million, and diluted earnings per share $-0.27. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$704 million
-16.9% on the year
FY2009FY2016
Operating margin
-4.6%
-10.9% a year earlier
FY2009FY2016
Net income
-$19 million
FY2009FY2016
Diluted EPS
-$0.27
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
704
847
914
-16.9%
Operating income
-32.3
-92.2
-139
Operating margin
-4.6%
-10.9%
-15.2%
Interest expense
0.6
0.8
0.5
-30.1%
Pre-tax income
n/a
-94.4
-139
Income tax
-16.6
-147
3.7
Net income
-18.7
51.9
-178
Net margin
-2.7%
6.1%
-19.5%
Diluted EPS
-$0.27
$0.76
-$2.65
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
6.5
-21.2
-119
Capital expenditure
4.1
11.7
13.2
-64.7%
Free cash flow
2.3
-32.9
-132
Free cash flow margin
0.3%
-3.9%
-14.4%
Cash from investing
-34.4
-8.0
-108
Cash from financing
-37.8
29.0
1.0
Depreciation and amortisation
22.7
24.9
55.5
-8.8%
Share-based compensation
3.2
2.9
4.3
+13.3%
Diluted shares, weighted
68m
68m
67m
+0.1%
Shares outstanding at period end
69m
68m
68m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
322
338
282
-4.8%
Debt
0.0
38.0
10.0
Other liabilities
238
235
282
+1.2%
Total liabilities and equity
560
611
574
-8.4%
Fixed assets
40.5
58.2
116
-30.5%
Goodwill
87.4
87.4
87.4
0.0%
Intangible assets
8.5
9.3
28.2
-8.6%
Investments
148
115
123
+28.5%
Cash and equivalents
49.5
66.9
93.8
-26.0%
Receivables
22.8
31.6
31.4
-27.8%
Inventory
1.9
3.4
5.0
-44.3%
Other assets
201
239
89.2
-15.8%
Total assets
560
611
574
-8.4%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.