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Adtalem Global Education Inc. (ATGE) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, June 30, 2020

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE
Exhibit 99.1

News Release

Investor Contact:
Maureen Resac
Maureen.Resac@Adtalem.com
312-651-1481

Media Contact:
John Kristoff
John.Kristoff@Adtalem.com
312-651-1437 


Adtalem Global Education Announces Fiscal Fourth Quarter and Full Year 2020 Results
Revenue increased 3.8% from prior year as COVID-19 impacted results in third and fourth quarters
Company continues to enhance portfolio and position itself for future growth

CHICAGO – August 18, 2020
– Adtalem Global Education Inc. (NYSE: ATGE), a leading workforce solutions provider, today reported academic, operating and financial results for its fiscal 2020 fourth quarter and full year ended June 30, 2020.

“Fiscal 2020 was another pivotal year for Adtalem as we worked to advance our Workforce Solutions Provider strategy, beginning with the divestiture of our Brazil assets, which further streamlined Adtalem to drive significant shareholder value while also fortifying our balance sheet. Although we faced significant headwinds as a result of the COVID-19 pandemic in the second half of the year, our teams reacted quickly, leveraging our existing infrastructure to transition 15,000 on-campus students to our online platforms with minimal disruption, bringing the total number of online students to 40,000 students. The transition to virtual modalities across our businesses was very successful, enabling us to not only maintain superior academic outcomes for learners, but to also open up new opportunities to serve our institutional and employer partners,” said Lisa Wardell, chairman and CEO of Adtalem.

“We continue to strategically position the company for future growth.  We have streamlined the portfolio to provide comprehensive solutions to employers in both medical and healthcare and financial services – industries where supply and demand imbalances will drive growth in upskilling, certifications, and degree enrollment.  The pandemic has allowed us to leverage our robust e-learning capabilities and drive continued progress in solving complex issues for hospital systems and proactively assisting financial institutions as they respond to accelerated digital banking and cryptocurrency risk and compliance issues while navigating the “new normal” of increased digital banking and virtual assets,” concluded Wardell.


The following information was filed by Adtalem Global Education Inc. (ATGE) on Tuesday, August 18, 2020 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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Inside Adtalem Global Education Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii (Valuation And Qualifying Accounts And Reserves) (Tables)
Schedule Ii (Valuation And Qualifying Accounts) (Detail)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income (Loss)
Consolidated Statements Of Income (Loss) - (Parenthetical)
Consolidated Statements Of Shareholders' Equity
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Acquisitions
Acquisitions (Acquired Intangible Assets Subject To Amortization And Values And Estimated Useful Lives) (Detail)
Acquisitions (Additional Information) (Detail)
Acquisitions (Estimated Fair Values Of Assets Acquired And Liabilities Assumed) (Detail)
Acquisitions (Tables)
Commitments And Contingencies
Commitments And Contingencies (Detail)
Debt
Debt (Additional Information) (Detail)
Debt (Debt Issuance Costs) (Detail)
Debt (Long-Term Debt) (Detail)
Debt (Scheduled Maturities Of Long-Term Debt) (Detail)
Debt (Tables)
Discontinued Operations And Assets Held For Sale
Discontinued Operations And Assets Held For Sale (Additional Information) (Detail)
Discontinued Operations And Assets Held For Sale (Summary Of Balance Sheet Information Of Assets And Liabilities) (Detail)
Discontinued Operations And Assets Held For Sale (Summary Of Income Statement Information Of Operations) (Detail)
Discontinued Operations And Assets Held For Sale (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (Detail)
Fair Value Measurements
Fair Value Measurements (Details)
Financing Receivables
Financing Receivables (Additional Information) (Detail)
Financing Receivables (Institutional Loan Balances And Related Allowances For Credit Losses) (Detail)
Financing Receivables (Institutional Loans Past Due) (Detail)
Financing Receivables (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Additional Information) (Detail)
Goodwill And Intangible Assets (Changes In Carrying Amount Of Goodwill, By Segment) (Detail)
Goodwill And Intangible Assets (Estimated Amortization Expense For Amortized Intangible Assets) (Detail)
Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Detail)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Segment) (Detail)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Unit) (Detail)
Goodwill And Intangible Assets (Summary Of Indefinite-Lived Intangible Assets Balances By Reporting Segment) (Detail)
Goodwill And Intangible Assets (Tables)
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 (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)
Leases
Leases (Additional Information) (Detail)
Leases (Components Of Lease Cost) (Detail)
Leases (Future Minimum Rental Commitments For Noncancelable Operating Leases ) (Detail)
Leases (Lease Term, Discount Rate And Cash Flow Information ) (Detail)
Leases (Maturities Of Lease Liabilities) (Detail)
Leases (Tables)
Nature Of Operations
Nature Of Operations (Details)
Property And Equipment, Net
Property And Equipment, Net (Additional Information) (Details)
Property And Equipment, Net (Schedule Of Property And Equipment, Net) (Details)
Property And Equipment, Net (Tables)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Summary Of Quarterly Data) (Detail)
Quarterly Financial Data (Unaudited) (Tables)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (Additional Information) (Detail)
Redeemable Noncontrolling Interest (Reconciliation Of Non-Controlling Interest Balance) (Detail)
Redeemable Noncontrolling Interest (Tables)
Restructuring Charges
Restructuring Charges (Additional Information) (Detail)
Restructuring Charges (Restructuring And Related Costs) (Detail)
Restructuring Charges (Separation And Restructuring Plan Activity) (Detail)
Restructuring Charges (Tables)
Revenue
Revenue (Tables)
Revenues (Additional Information) (Detail)
Revenues (Disaggregate Revenue) (Detail)
Segment Information
Segment Information (Additional Information) (Detail)
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)
Share Repurchase (Detail)
Share Repurchase (Tables)
Share Repurchases
Stock-Based Compensation
Stock-Based Compensation (Additional Information) (Detail)
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 (Tables)
Stock-Based Compensation (Total Stock-Based Compensation Expense Included In Consolidated Statement Of Income) (Detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Additional Information) (Detail)
Summary Of Significant Accounting Policies (Impact On Consolidated Balance Sheet Upon Adoption Of Asc 842) (Detail)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - (Available-For-Sale Marketable Securities) (Detail)
Summary Of Significant Accounting Policies - (Marketable Securities) (Detail)
Valuation And Qualifying Accounts
Ticker: ATGE
CIK: 730464
Form Type: 10-K Annual Report
Accession Number: 0001558370-20-010728
Submitted to the SEC: Tue Aug 18 2020 4:09:32 PM EST
Accepted by the SEC: Tue Aug 18 2020
Period: Tuesday, June 30, 2020
Industry: Educational Services

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