Perdoceo Education (PRDO) FY2022 results: revenue $695 million, up 0.3% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $695 million for fiscal 2022, the year ended 31 December 2022, up 0.3% on the year before. Net income was $96 million, down 12.6%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$695 million
+0.3% on the year
FY2015FY2022
Operating margin
18.6%
21.5% a year earlier
FY2015FY2022
Net income
$96 million
-12.6% on the year
FY2015FY2022
Diluted EPS
$1.39
-10.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
148
191
180
-22.5%
Capital expenditure
12.6
10.5
9.8
+20.7%
Free cash flow
136
181
170
-25.0%
Free cash flow margin
19.5%
26.1%
24.8%
Cash from investing
-327
54.3
-166
Cash from financing
-27.7
-29.9
-13.1
Depreciation and amortisation
19.7
16.8
14.8
+17.7%
Share-based compensation
8.8
15.0
13.4
-41.6%
Buybacks
23.1
25.3
17.9
-8.6%
Diluted shares, weighted
69m
71m
71m
-2.6%
Shares outstanding at period end
67m
69m
70m
-2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
726
650
556
+11.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
27.3
35.5
43.4
-23.2%
Other liabilities
204
162
122
+26.2%
Total liabilities and equity
957
847
722
+13.0%
Fixed assets
26.0
28.4
27.8
-8.2%
Goodwill
244
163
118
+49.8%
Intangible assets
53.6
32.2
15.5
+66.3%
Investments
399
174
301
+129.2%
Cash and equivalents
109
320
106
-65.8%
Inventory
1.9
0.9
0.6
+110.6%
Other assets
124
129
153
-4.3%
Total assets
957
847
722
+13.0%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.