HQ Global Education Inc. (HQGE)

HQ Global Education Income Statement

Financials in millions USD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Nov 30, 2011	Aug 31, 2011	Aug 31, 2010	Aug 31, 2009	Aug 31, 2008
Revenue	56.84	55.57	47.06	36.11	28.8
Revenue Growth (YoY)	12.14%	18.10%	30.31%	25.37%	-
Cost of Revenue	35.51	34.29	29.12	22.84	19.38
Gross Profit	21.33	21.28	17.93	13.27	9.43
Selling, General & Admin	4.3	4.29	3.24	2.46	1.54
Operating Expenses	4.3	4.29	3.24	2.46	1.54
Operating Income	17.03	16.99	14.69	10.82	7.89
Interest Expense	-0.08	-0.11	-0.11	-0.1	-0.05
Other Non Operating Income (Expenses)	-0.03	-0.03	-0.03	-0.05	-0.04
EBT Excluding Unusual Items	16.92	16.85	14.55	10.67	7.8
Gain (Loss) on Sale of Assets	-0.09	-0.09	-0.98	-	-
Pretax Income	16.83	16.76	13.57	10.67	7.8
Net Income	16.83	16.76	13.57	10.67	7.8
Net Income to Common	16.83	16.76	13.57	10.67	7.8
Net Income Growth	8.74%	23.54%	27.20%	36.80%	-
Shares Outstanding (Basic)	33	33	28	21	8
Shares Outstanding (Diluted)	33	33	28	21	8
Shares Change (YoY)	7.68%	19.91%	34.25%	173.33%	-
EPS (Basic)	0.51	0.51	0.49	0.52	1.04
EPS (Diluted)	0.51	0.51	0.49	0.52	1.04
EPS Growth	0.98%	3.03%	-5.25%	-49.95%	-
Free Cash Flow	3.36	2.16	-0.1	2.16	8.09
Free Cash Flow Per Share	0.10	0.07	-0.00	0.10	1.08
Gross Margin	37.53%	38.30%	38.11%	36.76%	32.73%
Operating Margin	29.96%	30.58%	31.22%	29.95%	27.38%
Profit Margin	29.61%	30.16%	28.84%	29.54%	27.07%
Free Cash Flow Margin	5.91%	3.89%	-0.22%	5.97%	28.08%
EBITDA	19.83	19.65	17.3	12.4	9.2
EBITDA Margin	34.89%	35.35%	36.77%	34.35%	31.93%
D&A For EBITDA	2.8	2.65	2.61	1.59	1.31
EBIT	17.03	16.99	14.69	10.82	7.89
EBIT Margin	29.96%	30.58%	31.22%	29.95%	27.38%
Revenue as Reported	56.84	55.57	47.06	36.11	-
Advertising Expenses	-	0.1	0.09	0.11	0.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.