Perdoceo Education (PRDO) FY2017 results: revenue $596 million, down 15.3% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $596 million for fiscal 2017, the year ended 31 December 2017, down 15.3% on the year before. Net income was -$32 million, and diluted earnings per share $-0.46. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$596 million
-15.3% on the year
FY2010FY2017
Operating margin
5.7%
-4.6% a year earlier
FY2010FY2017
Net income
-$32 million
FY2010FY2017
Diluted EPS
-$0.46
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
596
704
847
-15.3%
Operating income
34.1
-32.3
-92.2
Operating margin
5.7%
-4.6%
-10.9%
Interest expense
0.5
0.6
0.8
-22.8%
Pre-tax income
n/a
n/a
-94.4
Income tax
67.1
-16.6
-147
Net income
-31.9
-18.7
51.9
Net margin
-5.3%
-2.7%
6.1%
Diluted EPS
-$0.46
-$0.27
$0.76
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-21.8
6.5
-21.2
Capital expenditure
6.3
4.1
11.7
+53.4%
Free cash flow
-28.1
2.3
-32.9
Free cash flow margin
-4.7%
0.3%
-3.9%
Cash from investing
-11.6
-34.4
-8.0
Cash from financing
1.5
-37.8
29.0
Depreciation and amortisation
14.0
22.7
24.9
-38.5%
Share-based compensation
5.0
3.2
2.9
+53.5%
Diluted shares, weighted
69m
68m
68m
+0.8%
Shares outstanding at period end
69m
69m
68m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
296
322
338
-7.9%
Debt
0.0
0.0
38.0
Other liabilities
151
238
235
-36.6%
Total liabilities and equity
447
560
611
-20.1%
Fixed assets
33.2
40.5
58.2
-18.0%
Goodwill
87.4
87.4
87.4
0.0%
Intangible assets
7.9
8.5
9.3
-7.1%
Investments
156
148
115
+5.8%
Cash and equivalents
18.1
49.5
66.9
-63.4%
Receivables
18.9
22.8
31.6
-17.3%
Inventory
1.1
1.9
3.4
-40.5%
Other assets
124
201
239
-38.2%
Total assets
447
560
611
-20.1%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.