Perdoceo Education (PRDO) FY2018 results: revenue $581 million, down 2.5% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $581 million for fiscal 2018, the year ended 31 December 2018, down 2.5% on the year before. Net income was $55 million, and diluted earnings per share $0.77. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$581 million
-2.5% on the year
FY2011FY2018
Operating margin
12.3%
5.7% a year earlier
FY2011FY2018
Net income
$55 million
FY2011FY2018
Diluted EPS
$0.77
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
581
596
704
-2.5%
Operating income
71.3
34.1
-32.3
+108.9%
Operating margin
12.3%
5.7%
-4.6%
Interest expense
0.7
0.5
0.6
+51.0%
Income tax
18.6
67.1
-16.6
-72.3%
Net income
55.2
-31.9
-18.7
Net margin
9.5%
-5.3%
-2.7%
Diluted EPS
$0.77
-$0.46
-$0.27
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
57.0
-21.8
6.5
Capital expenditure
6.7
6.3
4.1
+6.3%
Free cash flow
50.3
-28.1
2.3
Free cash flow margin
8.6%
-4.7%
0.3%
Cash from investing
-41.5
-11.6
-34.4
Cash from financing
-1.7
1.5
-37.8
Depreciation and amortisation
9.4
14.0
22.7
-32.9%
Share-based compensation
5.6
5.0
3.2
+13.0%
Diluted shares, weighted
71m
69m
68m
+3.7%
Shares outstanding at period end
70m
69m
69m
+0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
355
296
322
+19.9%
Debt
0.0
0.0
0.0
Other liabilities
127
151
238
-15.6%
Total liabilities and equity
482
447
560
+7.9%
Fixed assets
30.0
33.2
40.5
-9.6%
Goodwill
87.4
87.4
87.4
0.0%
Intangible assets
7.9
7.9
8.5
0.0%
Investments
196
156
148
+25.8%
Cash and equivalents
32.4
18.1
49.5
+78.9%
Receivables
28.8
18.9
22.8
+52.3%
Inventory
0.8
1.1
1.9
-31.4%
Other assets
98.9
124
201
-20.5%
Total assets
482
447
560
+7.9%
10-K for the year ended 31 December 2018, filed 20 February 2019: the filing.