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Adtalem Global Education Inc. (ATGE) SEC Filing 10-K Annual Report for the fiscal year ending Wednesday, June 30, 2021

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE
Exhibit 99.1


News Release

Investor Contact
John Kristoff
John.Kristoff@Adtalem.com
312-651-1437

Media Contact
Kelly Finelli
Kelly.Finelli@adtalem.com
872-270-0230




Adtalem Global Education Announces Fiscal Fourth Quarter and Full Year 2021 Results
Strong finish to the year as our workforce solutions provider strategy continues
to drive revenue and enrollment growth

CHICAGO – Aug. 19, 2021
– Adtalem Global Education Inc. (NYSE: ATGE), a leading workforce solutions provider, today reported academic, operating and financial results for its fiscal 2021 fourth quarter and full year ended June 30, 2021.

“Our strong fourth quarter performance and the completion of the Walden acquisition further position us as a leading healthcare education provider with market-leading scale and breadth,” said Lisa Wardell, chairman and CEO of Adtalem. “We took advantage of strong demand for our programs and offerings in the quarter, and we look forward to demonstrating the significant value Walden will bring to our students, employer partners and shareholders.

Wardell continued: “It has been a tremendous honor serving as CEO of Adtalem over the last five years. I am incredibly proud of everything we achieved in that time and exceedingly confident in Adtalem’s next phase of growth and impact under Steve Beard’s leadership. As I take on the role of executive chairman of Adtalem’s board of directors, there is no better leader than Steve to continue our growth trajectory as we execute on our workforce solutions strategy.”

“Thanks to Lisa’s tireless effort and inspiring leadership, we move into fiscal year 2022 with strong business momentum,” said Stephen Beard, COO of Adtalem. “This position of strength is driven by the realization of our workforce solutions strategy; a strategy designed to drive superior student outcomes, meet the critical workforce needs of our employer partners and drive value for our shareholders. I am eager to build upon the solid foundation Lisa has created over the course of her tenure, as we continue to expand access to high-quality education, amplify our social impact and unlock even more value for all of our stakeholders.”


The following information was filed by Adtalem Global Education Inc. (ATGE) on Thursday, August 19, 2021 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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Adtalem Global Education Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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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) (Details)
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 Income (Loss) (Parenthetical)
Consolidated Statements Of Shareholders' Equity
Accounts Receivable And Credit Losses
Accounts Receivable And Credit Losses (Additional Information) (Details)
Accounts Receivable And Credit Losses (Classification Of Accounts Receivable) (Details)
Accounts Receivable And Credit Losses (Credit Quality Analysis Of Financing Receivable) (Details)
Accounts Receivable And Credit Losses (Financing Receivables Past Due Prior To Adopting Asc 326) (Details)
Accounts Receivable And Credit Losses (Rollforward Of Allowances For Credit Losses) (Details)
Accounts Receivable And Credit Losses (Tables)
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) (Details)
Acquisitions (Additional Information) (Details)
Acquisitions (Estimated Fair Values Of Assets Acquired And Liabilities Assumed) (Details)
Acquisitions (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Additional Information) (Details)
Debt (Debt Issuance Costs) (Details)
Debt (Long-Term Debt) (Details)
Debt (Scheduled Maturities Of Long-Term Debt) (Details)
Debt (Tables)
Discontinued Operations And Assets Held For Sale
Discontinued Operations And Assets Held For Sale (Additional Information) (Details)
Discontinued Operations And Assets Held For Sale (Summary Of Income Statement Information Of Operations) (Details)
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 (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Additional Information) (Details)
Goodwill And Intangible Assets (Changes In Carrying Amount Of Goodwill, By Segment) (Details)
Goodwill And Intangible Assets (Estimated Amortization Expense For Amortized Intangible Assets) (Details)
Goodwill And Intangible Assets (Schedule Of Intangible Assets) (Details)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Segment) (Details)
Goodwill And Intangible Assets (Summary Of Goodwill Balances By Reporting Unit) (Details)
Goodwill And Intangible Assets (Summary Of Indefinite-Lived Intangible Assets Balances By Reporting Segment) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Changes In Unrecognized Tax Benefits) (Details)
Income Taxes (Components Of Income Before Income Taxes) (Details)
Income Taxes (Deferred Income Tax Asset (Liabilities) (Details)
Income Taxes (Details)
Income Taxes (Income Tax Provisions (Benefits) (Details)
Income Taxes (Income Tax Provisions Computed Using Statutory U.S. Federal Rate) (Details)
Income Taxes (Tables)
Income Taxes (Tax Net Operating Loss (Tax Effected) And Credit Carryforwards) (Details)
Leases
Leases (Additional Information) (Details)
Leases (Components Of Lease Cost) (Details)
Leases (Future Minimum Rental Commitments For Noncancelable Operating Leases ) (Details)
Leases (Lease Term, Discount Rate And Cash Flow Information ) (Details)
Leases (Maturities Of Lease Liabilities) (Details)
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)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (Additional Information) (Details)
Redeemable Noncontrolling Interest (Reconciliation Of Non-Controlling Interest Balance) (Details)
Redeemable Noncontrolling Interest (Tables)
Restructuring Charges
Restructuring Charges (Restructuring And Related Costs) (Details)
Restructuring Charges (Separation And Restructuring Plan Activity) (Details)
Restructuring Charges (Tables)
Revenue
Revenue (Additional Information) (Details)
Revenue (Disaggregate Revenue) (Details)
Revenue (Tables)
Segment Information
Segment Information (Additional Information) (Details)
Segment Information (Revenues And Long-Lived Assets By Geographic Area) (Details)
Segment Information (Tables)
Segment Information (Tabulation Of Business Segment Information Based On Current Segmentation) (Details)
Share Repurchase (Details)
Share Repurchase (Tables)
Share Repurchases
Stock-Based Compensation
Stock-Based Compensation (Additional Information) (Details)
Stock-Based Compensation (Fair Values Of Stock Option Awards Weighted Average Assumptions) (Details)
Stock-Based Compensation (Summary Of Options Activity) (Details)
Stock-Based Compensation (Summary Of Restricted Stock Units Activity) (Details)
Stock-Based Compensation (Tables)
Stock-Based Compensation (Total Stock-Based Compensation Expense Included In Consolidated Statement Of Income) (Details)
Subsequent Event
Subsequent Event (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Additional Information) (Details)
Summary Of Significant Accounting Policies (Policies)
Valuation And Qualifying Accounts
Ticker: ATGE
CIK: 730464
Form Type: 10-K Annual Report
Accession Number: 0001558370-21-011957
Submitted to the SEC: Thu Aug 19 2021 4:11:24 PM EST
Accepted by the SEC: Thu Aug 19 2021
Period: Wednesday, June 30, 2021
Industry: Educational Services

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