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Adtalem Global Education Inc. (ATGE) SEC Filing 10-K Annual report for the fiscal year ending Friday, June 30, 2017

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE

Exhibit 99.1

Adtalem Global Education Announces Fourth Quarter and Full Year Fiscal 2017 Results

DOWNERS GROVE, Ill.--(BUSINESS WIRE)--August 17, 2017--Adtalem Global Education (NYSE: ATGE), a leading global education provider, today reported academic, operational and financial results for its fiscal 2017 fourth quarter ended June 30, 2017, including enrollment results at its Carrington College, Chamberlain University, DeVry University/Keller Graduate School of Management and its medical and veterinary schools.

“Our fiscal fourth quarter performance capped off a transformative year for our organization,” said Lisa Wardell, president and CEO of Adtalem Global Education. “We made considerable progress in the four priorities we laid out at the beginning of the year, aimed at strengthening our value proposition, elevating our growth profile and further improving operating leverage. We entered fiscal 2018 with momentum in pursuing our primary mission of empowering our students and filling the global work force skills gaps that are prevalent in our society. We will continue to focus on providing societal value by strategically expanding in core markets with significant supply/demand workforce imbalances, while taking steps to maximize returns on our investments to the benefit of our shareholders.”

Selected financial data for the three months ended June 30, 2017:

  • Total revenue of $451.5 million decreased 4.3 percent versus the prior year
  • Net income of $42.9 million, compared to a net loss of $10.0 million in the prior year; net income excluding special items was $50.0 million, compared to $41.2 million in the prior year
  • Diluted earnings per share was $0.67, compared to a net loss per share of $0.16 in the prior year; diluted earnings per share excluding special items was $0.78, compared to $0.65 in the prior year
  • Adtalem repurchased approximately 483,000 shares of common stock during the fourth fiscal quarter

The following information was filed by Adtalem Global Education Inc. (ATGE) on Thursday, August 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii (valuation And Qualifying Accounts And Reserves) (detail)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income (loss)
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Assets Held For Sale
Assets Held For Sale - Additional Information (detail)
Business Combinations
Business Combinations (acquired Intangible Assets Subject To Amortization And Values And Estimated Useful Lives) (detail)
Business Combinations (estimated Fair Values Of Assets Acquired And Liabilities Assumed) (detail)
Business Combinations (tables)
Business Combinations - Additional Information (detail)
Commitments And Contingencies
Commitments And Contingencies (future Minimum Rental Commitments For Non-cancellable Operating Leases) (detail)
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Debt
Debt - Additional Information (detail)
Discontinued Operations
Discontinued Operations (operating Results Of The Discontinued Operations) (detail)
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Dividends And Stock Repurchase Programs
Dividends And Stock Repurchase Programs (cash Dividends Declared) (detail)
Dividends And Stock Repurchase Programs (shares Repurchased Under Programs) (detail)
Dividends And Stock Repurchase Programs (tables)
Dividends And Stock Repurchase Programs - Additional Information (detail)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (assets Measured At Fair Value On Recurring Basis) (detail)
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Financing Receivables
Financing Receivables (credit Risk Profiles Of Institutional Loan Balance) (detail)
Financing Receivables (institutional Loan Balances And Related Allowances For Credit Losses) (detail)
Financing Receivables (institutional Loans Past Due) (detail)
Financing Receivables (tables)
Financing Receivables - Additional Information (detail)
Income Taxes
Income Taxes (changes In Unrecognized Tax Benefits) (detail)
Income Taxes (components Of Income Before Income Taxes) (detail)
Income Taxes (deferred Income Tax Asset (liabilities)) (detail)
Income Taxes (income Tax Provisions (benefits) (detail)
Income Taxes (income Tax Provisions Computed Using Statutory U.s. Federal Rate) (detail)
Income Taxes (tables)
Income Taxes (tax Net Operating Loss (tax Effected) And Credit Carryforwards) (detail)
Income Taxes - Additional Information (detail)
Intangible Assets
Intangible Assets (changes In Carrying Amount Of Goodwill, By Segment) (detail)
Intangible Assets (estimated Amortization Expense For Amortized Intangible Assets) (detail)
Intangible Assets (schedule Of Intangible Assets) (detail)
Intangible Assets (summary Of Goodwill Balances By Reporting Segment) (detail)
Intangible Assets (summary Of Goodwill Balances By Reporting Unit) (detail)
Intangible Assets (summary Of Indefinite-lived Intangible Assets Balances By Reporting Unit) (detail)
Intangible Assets (tables)
Intangible Assets - Additional Information (detail)
Nature Of Operations
Nature Of Operations - Additional Information (detail)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (summary Of Quarterly Data) (detail)
Quarterly Financial Data (unaudited) (tables)
Regulatory Settlements
Regulatory Settlements - Additional Information (detail)
Restructuring Charges
Restructuring Charges (pre-tax Restructuring Charges) (detail)
Restructuring Charges (separation And Restructuring Plan Activity) (detail)
Restructuring Charges (tables)
Restructuring Charges - Additional Information (detail)
Schedule Ii (valuation And Qualifying Accounts And Reserves) (parenthetical) (detail)
Segment Information
Segment Information (revenues And Long-lived Assets By Geographic Area) (detail)
Segment Information (tables)
Segment Information (tabulation Of Business Segment Information Based On Current Segmentation) (detail)
Segment Information - Additional Information (detail)
Stock-based Compensation
Stock-based Compensation (fair Values Of Stock Option Awards Weighted Average Assumptions) (detail)
Stock-based Compensation (summary Of Options Activity) (detail)
Stock-based Compensation (summary Of Restricted Stock Units Activity) (detail)
Stock-based Compensation (summary Of Stock Appreciation Rights Activity) (detail)
Stock-based Compensation (tables)
Stock-based Compensation (total Stock-based Compensation Expense Included In Consolidated Statement Of Income) (detail)
Stock-based Compensation - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (available-for-sale Marketable Securities) (detail)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (reclassification Of Line Items On The Consolidated Statements Of Cash Flows) (detail)
Summary Of Significant Accounting Policies (reconciliation Of Basic Shares To Diluted Shares) (detail)
Summary Of Significant Accounting Policies (reconciliation Of Non-controlling Interest Balance) (detail)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Valuation And Qualifying Accounts And Reserves

Material Contracts, Statements, Certifications & more

Adtalem Global Education Inc. provided additional information to their SEC Filing as exhibits

Ticker: ATGE
CIK: 730464
Form Type: 10-K Annual Report
Accession Number: 0001144204-17-044976
Submitted to the SEC: Thu Aug 24 2017 3:03:23 PM EST
Accepted by the SEC: Thu Aug 24 2017
Period: Friday, June 30, 2017
Industry: Educational Services

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