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Adtalem Global Education Inc. (ATGE) SEC Filing 10-K Annual Report for the fiscal year ending Thursday, June 30, 2022

Adtalem Global Education Inc.

CIK: 730464 Ticker: ATGE
 
 Exhibit 99.1

News Release

 
 Investor Contact
Chandrika Nigam
Chandrika.Nigam@Adtalem.com
312-681-3209 
   
   Media Contact
Kelly Finelli
Kelly.Finelli@Adtalem.com
872-270-0230


Adtalem Global Education Announces Fiscal Fourth Quarter and Full Year 2022 Results
 
Q4 and FY 2022 results in line with expectations
 
Solid finish to 2022 with improvement in profitability and strengthened balance sheet
 
FY 2022 GAAP EPS of $6.57; Adjusted EPS of $3.24 representing y-o-y growth of 40%
 

CHICAGO – Aug. 11, 2022
– Adtalem Global Education Inc. (NYSE: ATGE), a leading healthcare educator, today reported academic, operating and financial results for its fiscal 2022 fourth quarter and full year ended June 30, 2022.
 
“We finished fiscal 2022 in line with expectations, and I am encouraged by our results as we continued to improve our operational performance and strengthen our balance sheet, in the face of lingering macro challenges for the industry,” said Steve Beard, president and CEO of Adtalem Global Education. “Our academic, operational and financial results for the quarter and full year reflect our commitment to our stakeholders and position us well for fiscal 2023 and beyond."
 
Beard added, “We have been proactive and purposeful in transforming our portfolio. Today, Adtalem is comprised of high-quality assets with market-leading brands, an experienced management team and an attractive healthcare focus. We are poised to win in the markets in which we compete.”
 


The following information was filed by Adtalem Global Education Inc. (ATGE) on Thursday, August 11, 2022 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) (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 (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)
Acquisitions (Unaudited Proforma Financial Information) (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Additional Information) (Details)
Debt (Debt Issuance Costs) (Details)
Debt (Interest Expense) (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 Balance Sheet Information Of Assets And Liabilities) (Detail)
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)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Summary Of Quarterly Data) (Details)
Quarterly Financial Data (Unaudited) (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 (Additional Information) (Detail)
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 Repurchases
Share Repurchases (Asr Agreement) (Details)
Share Repurchases (Open Market Share Repurchase Programs) (Details)
Share Repurchases (Shares Repurchased Under Programs) (Details)
Share Repurchases (Tables)
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)
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: 0001558370-22-013289
Submitted to the SEC: Thu Aug 11 2022 4:13:41 PM EST
Accepted by the SEC: Thu Aug 11 2022
Period: Thursday, June 30, 2022
Industry: Educational Services

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