Perdoceo Education (PRDO) FY2021 results: revenue $693 million, up 0.8% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $693 million for fiscal 2021, the year ended 31 December 2021, up 0.8% on the year before. Net income was $110 million, down 11.8%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$693 million
+0.8% on the year
FY2014FY2021
Operating margin
21.5%
20.8% a year earlier
FY2014FY2021
Net income
$110 million
-11.8% on the year
FY2014FY2021
Diluted EPS
$1.55
-10.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
191
180
73.1
+6.2%
Capital expenditure
10.5
9.8
5.2
+7.0%
Free cash flow
181
170
67.9
+6.2%
Free cash flow margin
26.1%
24.8%
10.8%
Cash from investing
54.3
-166
7.7
Cash from financing
-29.9
-13.1
-4.8
Depreciation and amortisation
16.8
14.8
9.1
+13.4%
Share-based compensation
15.0
13.4
9.3
+11.9%
Buybacks
25.3
17.9
3.9
+41.6%
Diluted shares, weighted
71m
71m
72m
-0.5%
Shares outstanding at period end
69m
70m
70m
-1.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
650
556
431
+16.9%
Debt
0.0
0.0
0.0
Operating lease liabilities
35.5
43.4
52.4
-18.1%
Other liabilities
162
122
115
+32.4%
Total liabilities and equity
847
722
599
+17.5%
Fixed assets
28.4
27.8
26.0
+2.1%
Goodwill
163
118
87.4
+37.4%
Intangible assets
32.2
15.5
7.9
+107.5%
Investments
174
301
185
-42.1%
Cash and equivalents
320
106
109
+202.8%
Receivables
n/a
n/a
55.0
Inventory
0.9
0.6
0.6
+51.7%
Other assets
129
153
128
-15.5%
Total assets
847
722
599
+17.5%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.