Perdoceo Education Corporation (PRDO)

Perdoceo Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	647.67	702.92	687.67	688.42	684.58	625.06
Other Revenue	5.09	7.08	7.54	4.62	2.74	2.65
Revenue	652.75	710	695.21	693.03	687.31	627.7
Revenue Growth (YoY)	-11.58%	2.13%	0.31%	0.83%	9.50%	7.98%
Cost of Revenue	107.95	120.02	99.41	91.43	90.66	78.55
Gross Profit	544.8	589.98	595.8	601.61	596.66	549.16
Selling, General & Admin	371.18	408.39	443.43	435.83	438.32	453.55
Operating Expenses	383.77	425.27	463.17	452.59	453.11	462.7
Operating Income	161.04	164.71	132.63	149.02	143.55	86.46
Interest Expense	-0.65	-0.4	-0.4	-0.92	-0.17	-0.17
Interest & Investment Income	28.11	19.98	6.87	0.93	3.85	6.39
Earnings From Equity Investments	-	-	-0.6	0.2	0.2	0.1
Other Non Operating Income (Expenses)	-21.98	-0	-0.03	-0.16	-0.08	0.24
EBT Excluding Unusual Items	166.52	184.28	138.46	149.07	147.35	93.02
Gain (Loss) on Sale of Investments	22.1	22.1	-1.2	-	-	-
Asset Writedown	-8.02	-14.26	-2.99	-	-0.61	-
Pretax Income	180.6	192.12	134.27	149.07	146.74	93.02
Income Tax Expense	47.29	44.47	38.4	39.43	22.48	22.43
Earnings From Continuing Operations	133.31	147.65	95.87	109.64	124.26	70.59
Earnings From Discontinued Operations	-	-	-	-	-	-0.61
Net Income	133.31	147.65	95.87	109.64	124.26	69.98
Net Income to Common	133.31	147.65	95.87	109.64	124.26	69.98
Net Income Growth	-8.95%	54.02%	-12.56%	-11.77%	77.57%	26.82%
Shares Outstanding (Basic)	66	66	68	70	69	70
Shares Outstanding (Diluted)	67	68	69	71	71	72
Shares Change (YoY)	-1.66%	-1.75%	-2.61%	-0.54%	-1.14%	0.84%
EPS (Basic)	2.03	2.22	1.41	1.57	1.79	1.00
EPS (Diluted)	1.99	2.18	1.39	1.55	1.74	0.97
EPS Growth	-7.48%	56.83%	-10.32%	-10.92%	79.10%	25.93%
Free Cash Flow	152.58	105.61	135.57	180.66	170.19	67.91
Free Cash Flow Per Share	2.27	1.56	1.96	2.55	2.39	0.94
Dividend Per Share	0.110	0.330	-	-	-	-
Gross Margin	83.46%	83.10%	85.70%	86.81%	86.81%	87.49%
Operating Margin	24.67%	23.20%	19.08%	21.50%	20.89%	13.77%
Profit Margin	20.42%	20.80%	13.79%	15.82%	18.08%	11.15%
Free Cash Flow Margin	23.37%	14.88%	19.50%	26.07%	24.76%	10.82%
EBITDA	173.62	181.6	152.37	165.78	158.33	95.61
EBITDA Margin	26.60%	25.58%	21.92%	23.92%	23.04%	15.23%
D&A For EBITDA	12.59	16.89	19.73	16.77	14.79	9.15
EBIT	161.04	164.71	132.63	149.02	143.55	86.46
EBIT Margin	24.67%	23.20%	19.08%	21.50%	20.89%	13.77%
Effective Tax Rate	26.18%	23.15%	28.60%	26.45%	15.32%	24.11%
Revenue as Reported	652.75	710	695.21	693.03	687.31	627.7

Source: S&P Capital IQ. Standard template. Financial Sources.