Adtalem Global Education Inc
(NYSE:ATGE)

Adtalem Global Education Inc. provides educational services worldwide. It operates through two segments, Medical and Healthcare and Financial Services. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor of science in nursing (BSN) program, reg...

Website: http://www.adtalem.com

Founded: 1973

Full Time Employees: 3,939

Sector: Consumer Defensive

Industry: Education & Training Services

Education

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At a glance:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30

revenue	487,030,000	503,385,000	462,288,000	457,106,000	466,055,000	447,729,000	417,400,000	409,907,000	412,658,000	393,242,000	368,845,000	364,641,000	369,082,000	363,302,000	354,559,000	361,231,000	365,623,000	371,198,000	348,327,000	280,374,000	280,654,000	283,111,000	268,241,000	259,729,000	271,487,000	266,172,000	254,613,000	330,294,000	308,609,000	316,594,000	284,190,000
yoy	4.50%	12.43%	10.75%	11.51%	12.94%	13.86%	13.16%	12.41%	11.81%	8.24%	4.03%	0.94%	0.95%	-2.13%	1.79%	28.84%	30.28%	31.11%	29.86%	7.95%	3.38%	6.36%	5.35%	-21.36%	-12.03%	-15.93%	-10.41%
qoq	-3.25%	8.89%	1.13%	-1.92%	4.09%	7.27%	1.83%	-0.67%	4.94%	6.61%	1.15%	-1.20%	1.59%	2.47%	-1.85%	-1.20%	-1.50%	6.57%	24.24%	-0.10%	-0.87%	5.54%	3.28%	-4.33%	2.00%	4.54%	-22.91%	7.03%	-2.52%	11.40%
operating cost and expense:
cost of educational services	210,719,000	205,425,000	200,767,000	198,930,000	199,869,000	186,636,000	185,995,000	182,540,000	175,321,000	172,069,000	168,618,000	163,718,000	165,820,000	159,303,000	159,645,000	161,279,000	166,027,000	180,420,000	163,110,000	125,635,000	123,077,000	126,823,000	113,698,000	116,050,000	118,712,000	127,258,000	128,034,000	160,316,000	156,339,000	158,232,000	148,653,000	90,957,000	179,736,000	178,970,000	248,116,000	232,490,000	239,244,000	239,787,000	250,673,000	247,813,000	252,867,000	241,021,000	245,077,000	249,729,000	253,186,000	250,809,000	246,331,000	256,073,000	242,631,000	242,997,000	241,737,000	181,741,500	241,020,000	243,401,000	242,545,000	180,913,750	244,195,000	241,212,000	238,248,000	172,728,000	232,914,000	229,917,000	228,081,000	152,687,000	214,300,000	199,965,000	196,483,000	184,752,000	178,201,000	167,107,000	139,613,000	127,372,000	130,846,000	123,887,000	121,028,000	120,022,000	125,815,000	120,580,000	120,304,000
student services and administrative expense	184,106,000	182,791,000	175,734,000	180,863,000	175,167,000	156,901,000	159,073,000	154,597,000	156,689,000	155,584,000	166,095,000	153,296,000	144,526,000	140,668,000	148,341,000	135,133,000	149,890,000	153,597,000	159,479,000	107,868,000	108,500,000	103,721,000	100,178,000	103,669,000	96,434,000	96,648,000	99,087,000	99,863,000	102,062,000	99,989,000	98,497,000	63,474,000	108,046,000	100,336,000	150,480,000	153,655,000	157,781,000	145,651,000	161,065,000	169,387,000	161,483,000	159,163,000	164,016,000	175,407,000	180,212,000	174,913,000	177,753,000	169,716,000	183,949,000	185,046,000	189,158,000	183,429,000	192,100,000	186,454,000	194,401,000	212,275,000	201,158,000	194,042,000	200,925,000	202,578,000	192,589,000	185,993,000	181,532,000	190,765,000	168,065,000	164,118,000	155,242,000	152,893,000	137,917,000	139,968,000	117,292,000	118,484,000	109,576,000	102,917,000	91,645,000	89,706,000	90,283,000	93,238,000	85,798,000
restructuring expense	863,000	4,055,000	310,000	388,000	510,000	322,000	2,094,000	653,000	473,000	68,000	676,000	1,111,000	1,278,000	1,363,000	15,065,000	8,629,000	10,518,000	3,387,000	3,916,000	3,199,000	1,217,000	1,165,000	4,223,000	18,289,000	1,854,000	1,955,000	6,530,000	8,830,000	3,902,000	3,645,000	39,548,000	-495,000	621,000	2,554,000	7,993,000	11,957,000	7,771,000	5,050,000	5,047,000	34,355,000	2,873,000	12,923,000	24,073,000	12,426,000	6,982,000	10,188,000
total operating cost and expense	395,688,000	392,271,000	376,811,000	380,181,000	375,546,000	343,859,000	347,162,000	341,384,000	350,933,000	334,630,000	340,651,000	325,084,000	309,653,000	317,275,000	331,466,000	316,702,000	332,359,000	346,464,000	353,058,000	240,134,000	236,440,000	242,788,000	231,535,000	238,008,000	217,000,000	225,861,000	228,872,000	258,402,000	262,303,000	246,295,000	286,698,000	153,936,000	288,403,000	281,860,000	406,589,000	398,102,000	404,796,000	451,504,000	416,785,000	496,559,000	413,374,000	512,580,000	433,166,000	439,342,000	440,380,000	435,910,000
operating income	91,342,000	111,114,000	85,477,000	76,925,000	90,509,000	103,870,000	70,238,000	68,523,000	61,725,000	58,612,000	28,194,000	39,557,000	59,429,000	46,027,000	23,093,000	44,529,000	33,264,000	24,734,000	-4,731,000	40,240,000	44,214,000	40,323,000	36,706,000												14,436,000	21,311,500	47,293,000	4,846,000	33,107,000	3,178,750	60,847,000	-56,377,000	8,247,000	33,847,000	49,450,000	48,970,000	24,643,000	42,898,000	69,537,000	58,562,000	10,271,000	-18,370,000	73,603,000	65,905,000	45,790,000	15,162,000	95,454,000	13,756,000	79,865,000	109,580,000	137,227,000	135,553,000	111,815,000	100,568,000	122,020,000	108,929,000	79,385,000	53,694,000	71,787,000	62,540,000	46,812,000	30,949,000	50,551,000	46,933,000	33,902,000
yoy	0.92%	6.97%	21.70%	12.26%	46.63%	77.22%	149.12%	73.23%	3.86%	27.34%	22.09%	-11.17%	78.66%	86.09%	-588.12%	10.66%	-24.77%	-38.66%	-112.89%																-56.40%	570.44%	-22.28%	-108.60%	301.44%	-90.61%	23.05%	-215.13%	-66.53%	-21.10%	-28.89%	-16.38%	139.93%	-333.52%	-5.52%	-11.14%	-77.57%	-221.16%	-22.89%	379.10%	-42.67%	-86.16%	-30.44%	-89.85%	-28.57%	8.96%	12.46%	24.44%	40.85%	87.30%	69.98%	74.17%	69.58%	73.49%	42.01%	33.25%	38.08%
qoq	-17.79%	29.99%	11.12%	-15.01%	-12.86%	47.88%	2.50%	11.01%	5.31%	107.89%	-28.73%	-33.44%	29.12%	99.31%	-48.14%	33.87%	34.49%	-622.81%	-111.76%	-8.99%	9.65%	9.85%													-32.26%	-54.94%	875.92%	-85.36%	941.51%	-94.78%	-207.93%	-783.61%	-75.63%	-31.55%	0.98%	98.72%	-42.55%	-38.31%	18.74%	470.17%	-155.91%	-124.96%	11.68%	43.93%	202.01%	-84.12%	593.91%	-82.78%	-27.12%	-20.15%	1.23%	21.23%	11.18%	-17.58%	12.02%	37.22%	47.85%	-25.20%	14.79%	33.60%	51.26%	-38.78%	7.71%	38.44%
operating margin %	18.75%	22.07%	18.49%	16.83%	19.42%	23.20%	16.83%	16.72%	14.96%	14.90%	7.64%	10.85%	16.10%	12.67%	6.51%	12.33%	9.10%	6.66%	-1.36%	14.35%	15.75%	14.24%	13.68%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%
interest expense	-13,629,000	-10,917,000	-11,090,000	-10,853,000	-13,074,000	-13,909,000	-14,482,000	-14,749,000	-16,560,000	-16,693,000	-15,657,000	-15,294,000	-14,457,000	-15,589,000	-17,760,000	-19,441,000	-36,585,000	-25,929,000	-47,393,000	-25,382,000	-8,555,000	-3,736,000	-3,692,000	-3,925,000	-5,191,000	-5,066,000	-5,328,000	-6,604,000	-5,269,000	-5,556,000	-6,202,000	-7,373,000	-2,850,000	-2,481,000	-1,916,000	-2,734,000	-1,995,000	-2,300,000	-2,115,000	-353,000	-1,408,000	-1,847,000	-2,326,000	-1,755,000	-2,813,000	-352,000	-393,000	-507,000	-1,073,000	-1,052,000	-1,000,000	-605,000	-756,000	-759,000	-1,491,000	-959,000	-650,000	-481,000	-522,000	-441,000	-348,000	-239,000	-254,000	-332,000	-336,000	-495,000	-422,000	-762,000	-484,000	-1,176,000	-353,000	-104,000	-99,000	-98,000	-221,000	-9,447,000	774,000	1,720,000	2,169,000
other income	232,000	1,704,000	2,486,000	2,511,000	1,898,000	2,235,000	2,646,000	1,894,000	2,871,000	3,563,000	2,214,000	3,664,000	3,980,000	-2,574,000
income from continuing operations before income taxes	77,945,000	101,901,000	76,873,000	68,583,000	79,333,000	92,196,000	58,402,000	55,668,000	48,036,000	45,482,000	14,751,000	27,927,000	48,952,000	27,864,000	6,900,000	26,124,000	-2,276,000	-334,000	-51,246,000	16,455,000	37,048,000	38,811,000	34,536,000	46,824,000	160,368,000	8,873,000	21,114,000	67,397,000	43,755,000	65,794,000	-6,765,000	66,202,000	52,269,000	54,268,000						-24,826,000	59,466,000			32,140,000	47,955,000	48,918,000	24,647,000	42,624,000	69,069,000	57,820,000	9,854,000
provision for income taxes	-19,963,000	-25,730,000	-15,811,000	-14,121,000	-18,539,000	-21,020,000	-12,157,000	-5,289,000	-10,595,000	-7,769,000	-2,792,000				-1,054,000	-33,550,250	-134,089,000	-25,340,000		-5,413,500	-7,341,000	-7,223,000	-7,090,000	-4,553,250	-6,937,000
income from continuing operations	57,982,000	76,171,000	61,062,000	54,462,000	60,794,000	71,176,000	46,245,000	50,600,000	37,441,000	37,713,000	11,959,000	23,550,000	48,563,000	23,617,000	5,846,000	2,464,000	5,857,000	39,034,000	-40,634,000	12,861,000	29,707,000	31,588,000	27,446,000	71,395,000	153,431,000	1,303,000	17,408,000	52,060,000	36,213,000	52,629,000	-4,878,000	102,988,000	44,513,000	-55,362,000						-9,601,000	51,930,000			30,256,000	41,628,000	42,802,000	20,437,000	38,038,000	56,151,000	49,328,000	8,151,000
discontinued operations:
income from discontinued operations before income taxes	-21,860,000	303,000	747,000	-346,000	52,000	6,271,000		82,250	-832,000	2,926,000		-1,730,000	-3,993,000	524,000		-2,575,000	4,071,000	4,159,000				-11,187,000		-57,042,000	-5,947,000	3,294,000		-2,220,000	2,038,000					-43,873,000
benefit from income taxes	5,515,000		23,000	96,000	-14,000		27,000	-26,140,000	212,000	-748,000	452,000	-4,377,000	-389,000	-4,247,000	3,143,000	-23,660,000	8,133,000	39,368,000	10,612,000	-32,152,000	1,679,000	2,748,000	2,477,000	2,580,000	3,228,000
income from discontinued operations	-16,345,000	205,000	770,000	-250,000	38,000	4,680,000		-1,181,000	-620,000	2,178,000		-1,306,000	-2,694,000	527,000	-3,654,000	5,550,000	343,985,000					-8,439,000		-439,500	-2,719,000	4,117,000		-2,266,000	1,653,000			-40,113,000	-5,225,000	-25,420,000
net income and comprehensive income	41,637,000	76,376,000	61,832,000	54,212,000	60,832,000	75,856,000	46,165,000	21,839,500	36,821,000	39,891,000	10,646,000
earnings per share:
basic:
continuing operations	1.69	2.13	1.69	1.51	1.64	1.9	1.23	1.31	0.97	0.95	0.29	0.54	1.08	0.52	0.13	0.03	0.12	0.78	-0.82	0.27	0.59	0.61	0.52	1.36	2.9	0.03	320	900	620	890	-80	1,670	730	-910						-160	810			460	650	660	320	580	870	760	130
discontinued operations	-0.48	0.01	0.02			0.13		-0.03	-0.02	0.05	-0.03	-0.03	-0.06	0.01	-0.08	0.27	7.03	-0.43	-0.35	-0.08	-0.1	-0.16	-0.14	-6.11	-0.05	0.08	-60	-50	30	-590	-80	-650	-90	-420										10	80				-10	-10	-240
total basic earnings per share	1.21	2.14	1.71	1.51	1.64	2.03	1.22	1.29	0.95	1	0.26	0.51	1.02	0.53	0.05	0.31	7.15
diluted:
total diluted earnings per share	1.2	2.11	1.67	1.44	1.59	1.98	1.18	1.25	0.93	0.98	0.25	0.51	1	0.52	0.05	0.31	7.09
weighted-average shares outstanding:
basic shares	34,283	35,725	36,111	-349	37,140	37,435	37,721	-587	38,713	39,872	41,399	-495	45,125	45,425	45,274	-1,071	48,925	49,776	49,663	-477	50,658	52,251	52,464	-458	52,955	53,890
diluted shares	34,782	36,230	37,057	-249	38,233	38,401	39,109	-567	39,636	40,787	42,184	-489	45,801	46,121	46,342	-1,071	49,377	50,237	49,663	-456	51,111	52,441	52,797	-482	53,319	54,280
business integration expense								7,655,250	18,450,000	6,909,000	5,262,000
loss from discontinued operations before income taxes							-107,000				-1,765,000				-3,438,000				-23,382,000	-7,026,750	-6,836,000		-10,084,000				-2,883,000			-8,313,000	-6,135,000
loss from discontinued operations							-80,000				-1,313,000							-21,181,000	-17,370,000	-3,924,000	-5,157,000		-7,607,000				-3,156,000			-35,123,000	-4,707,000
gain on sale of assets													-13,317,000														-4,779,000													-3,183,000	-3,849,000																																			-5,203,000	-957,000		-19,855,000
loss on disposal of discontinued operations before income taxes															-3,359,000													-625,000	-265,000	-32,714,000
gain on disposal of discontinued operations before income taxes													-402,000	185,000		-520,000	474,003,000
business acquisition and integration expense												6,959,000	11,346,000	15,941,000	8,415,000	11,661,000	5,924,000	9,060,000	26,553,000	3,432,000	3,646,000	11,079,000	13,436,000
net income												22,244,000	45,869,000	24,144,000	2,192,000	8,014,000	349,842,000	17,853,000	-58,004,000	8,937,000	24,550,000	23,149,000	19,839,000	-256,162,000	150,712,000	5,420,000	14,252,000	49,794,000	37,866,000	17,506,000	-9,585,000	62,875,000	39,288,000	-80,782,000	12,916,000	43,354,000	40,022,000	14,755,000	25,149,000	-9,601,000	51,930,000	-50,470,000	5,386,000	30,256,000	47,204,000	42,802,000	20,437,000	37,936,000	55,544,000	48,408,000	-7,177,000	-31,366,000	57,160,000	51,224,000	31,822,000	8,485,000	67,304,000	9,280,000	57,312,000	75,688,000	92,909,000	88,872,000	73,361,000	71,902,000	80,920,000	72,590,000	54,571,000	37,032,000	50,886,000	42,865,000	34,830,000	24,566,000	38,318,000	35,813,000	26,835,000	15,947,000	22,924,000	16,397,000	20,920,000
yoy												177.56%	-86.89%	35.24%	-103.78%	-10.33%	1325.02%	-22.88%	-392.37%	-103.49%	-83.71%	327.10%	39.20%	-614.44%	298.01%	-69.04%	-248.69%	-20.80%	-3.62%	-121.67%	-174.21%	45.03%	-1.83%	-647.49%	-48.64%	-551.56%	-22.93%	-129.24%	366.93%	-131.73%	10.01%	-217.92%	-73.65%	-20.24%	-15.02%	-11.58%	-384.76%	-220.95%	-2.83%	-5.50%	-122.55%	-469.66%	-15.07%	451.98%	-44.48%	-88.79%	-27.56%	-89.56%	-21.88%	5.27%	14.82%	22.43%	34.43%	94.16%	59.02%	69.35%	56.68%	50.74%	32.80%	19.69%	29.79%	54.05%	67.15%	118.41%	28.27%
qoq												-51.51%	89.98%	1001.46%	-72.65%	-97.71%	1859.57%	-130.78%	-749.03%	-63.60%	6.05%	16.68%	-107.74%	-269.97%	2680.66%	-61.97%	-71.38%	31.50%	116.30%	-282.64%	-115.24%	60.04%	-148.63%	-725.44%	-70.21%	8.33%	171.24%	-41.33%	-361.94%	-118.49%	-202.89%	-1037.06%	-82.20%	-35.90%	10.28%	109.43%	-46.13%	-31.70%	14.74%	-774.49%	-77.12%	-154.87%	11.59%	60.97%	275.04%	-87.39%	625.26%	-83.81%	-24.28%	-18.54%	4.54%	21.14%	2.03%	-11.14%	11.48%	33.02%	47.36%	-27.23%	18.71%	23.07%	41.78%	-35.89%	6.99%	33.46%	68.28%	-30.44%	39.81%	-21.62%
net income margin %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	6.10%	12.43%	6.65%	0.62%	2.22%	95.68%	4.81%	-16.65%	3.19%	8.75%	8.18%	7.40%	-98.63%	55.51%	2.04%	5.60%	15.08%	12.27%	5.53%	-3.37%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other income:
interest income															1,567,000																1,945,000	1,015,000	1,329,000	1,365,000	2,118,000	1,184,000	1,690,000	993,000	1,058,000	385,000	27,000	240,000	127,000	48,000	1,318,000	300,000	397,000	233,000	605,000	310,000	583,000	446,000	415,000	230,000	561,000	298,000	110,000	226,000	184,000	300,000	435,000	381,000	423,000	530,000	476,000	574,000	500,000	623,000	776,000	1,710,000	2,142,000	2,341,000	2,823,000	2,892,000	2,407,000
net other expense															-16,193,000	-26,780,750	-35,540,000	-25,068,000	-46,515,000			-1,512,000	-2,170,000			-31,438,000	-4,627,000	-4,495,000	-2,551,000	-4,505,000
interest and dividend income																1,036,000	1,045,000	861,000	878,000	961,000	910,000	1,219,000	1,004,000	1,013,000	782,000	1,215,000	678,000	1,855,000	2,003,000	2,173,000
investment gain																				636,000	479,000	1,005,000	518,000	1,124,000	-1,548,000	419,000	23,000	-101,750	715,000
net loss attributable to redeemable noncontrolling interest from discontinued operations
net income attributable to adtalem																8,014,000	349,842,000
amounts attributable to adtalem:
net income from continuing operations																2,464,000	5,857,000	39,034,000	-40,634,000	12,936,000	29,809,000	31,754,000	27,537,000	71,505,000	153,551,000	1,408,000
net income from discontinued operations																5,550,000	343,985,000					-8,439,000		-439,500	-2,719,000	4,117,000
earnings per share attributable to adtalem:
net income attributable to adtalem global education																		17,853,000	-58,004,000	9,012,000	24,652,000	23,315,000	19,930,000	-256,052,000	150,832,000	5,525,000	14,361,000	49,498,000	37,905,000	17,295,000	-9,530,000	62,806,000	39,334,000	-81,156,000	12,785,000

amounts attributable to adtalem global education:
net loss from discontinued operations																		-21,181,000	-17,370,000	-3,924,000	-5,157,000		-7,607,000
earnings per share attributable to adtalem global education:
net																		0.36	-1.17	0.19	0.49	0.45	0.38	-4.74	2.85	0.1
net loss attributable to redeemable noncontrolling interest																				89,750	102,000	166,000	91,000
gain on derivative																								26,891,000	111,838,000
net other income																				-23,785,000	-7,166,000			25,103,000	105,881,000
loss on derivative																										-28,006,000
settlement gain
operating income from continuing operations																								30,134,750	54,487,000	40,311,000	25,741,000	71,892,000	46,306,000	70,299,000	-2,508,000	72,560,000	53,790,000	55,384,000
net loss attributable to redeemable noncontrolling interest from continuing operations																								110,000	120,000	105,000
net income attributable to redeemable noncontrolling interest from discontinued operations
income tax provision																										-7,570,000		-15,337,000	-7,542,000	-13,165,000		36,786,000	-7,656,000		-1,678,000	-662,750	-6,966,000		-6,901,000	-170,750	-7,536,000		-662,000	-1,884,000	-6,327,000	-6,116,000	-4,210,000	-4,586,000	-12,918,000	-8,492,000	-1,703,000	-82,519,000	16,102,000	14,152,000	13,038,000	6,016,000	27,610,000	7,916,000	22,215,000	33,751,000	44,405,000	46,823,000	38,623,000	28,864,000	41,321,000	36,731,000	25,723,000	17,275,000	22,163,000	18,491,000	13,771,000	8,620,000	14,957,000	13,914,000	9,253,000	3,989,000	7,845,000	5,601,000	11,317,000
income tax benefit																										823,000	-3,706,000	579,000	-120,000	5,904,000	1,887,000	20,162,000	3,483,000	-109,636,000				11,216,000				7,514,000			4,565,000			55,000	327,000	467,000	996,000
net loss attributable to noncontrolling interest from continuing operations																											109,000
net income attributable to noncontrolling interest from discontinued operations
earnings per common share attributable to adtalem global education shareholders:
total																											260	860	650	290	-160	1,020	640	-1,330
insurance settlement gain																												-3,892,750		-15,571,000
equity method investment loss																																	-100,000		-44,000
net loss attributable to noncontrolling interest																												-29,250	39,000		55,000	-114,750	46,000		-131,000				3,000				79,000
investment loss																														-1,122,000
equity method investment income																																		6,000
net income attributable to noncontrolling interest																														-211,000				-374,000		-495,000	-163,000	-342,000		-368,000	-5,000	-117,000		-330,000	-84,000	-389,000	3,000
interest:
net interest income																															-4,257,000				202,000								-2,199,000	-385,750	-1,495,000	-52,000	4,000	-406,750	-468,000	-742,000	-417,000																				1,789,000	2,237,000	2,724,000	2,794,000	2,186,000
revenue:
tuition																																192,388,000	296,126,000	302,184,000	366,691,000	405,404,000	399,322,000	419,264,000	399,027,000	429,757,000	425,966,000	421,602,000	396,056,000	435,784,000	444,715,000	453,609,000	421,873,000	452,011,000	455,422,000	457,888,000	419,318,000	439,834,000	472,239,000	476,459,000	451,501,000	479,475,000	505,651,000	496,294,000	486,487,000	517,587,000	521,484,000	520,180,000	486,339,000	477,323,000	468,143,000	448,977,000	401,371,000	373,125,000	360,629,000	342,044,000	279,127,000	257,860,000	265,253,000	250,695,000	230,221,000	216,810,000	226,141,000	217,076,000	202,633,000
other educational																																34,108,000	46,067,000	35,060,000	54,334,000	46,065,000	52,767,000	37,086,000	50,865,000	41,944,000	48,255,000	34,601,000	45,357,000	37,405,000	45,115,000	31,271,000	40,171,000	33,062,000	40,695,000	33,381,000	31,595,000	27,809,000	36,513,000	28,785,000	31,235,000	26,412,000	35,156,000	27,755,000	32,551,000	29,163,000	41,246,000	31,283,000	35,089,000	29,351,000	36,242,000	24,035,000	29,739,000	23,114,000	31,253,000	27,571,000	24,590,000	18,945,000	25,720,000	23,042,000	20,097,000	16,019,000	19,684,000	18,528,000	16,582,000
total revenue																																226,496,000	342,193,000	337,244,000	421,025,000	451,469,000	452,089,000	456,350,000	449,892,000	471,701,000	474,221,000	456,203,000	441,413,000	473,189,000	489,830,000	484,880,000	462,044,000
regulatory settlements																																						56,252,000
net interest expense																																-6,358,000	-1,521,000	-1,116,000		-1,550,000	-305,000	-1,307,000	-1,057,000	32,000	-1,381,000	-1,607,000
income from discontinued operations before
income taxes																																-15,971,750	-8,708,000
earnings per common share
attributable to adtalem global education shareholders:
cash dividends declared per common share																																						180		180		180		180				170		170
income before income taxes																																			14,638,000	20,644,250	46,988,000	3,539,000	32,050,000			-57,984,000	6,048,000									45,874,500	73,262,000	65,376,000	44,860,000	14,501,000	94,914,000	17,196,000	79,527,000	109,439,000	137,314,000	135,695,000	111,984,000	100,766,000	122,241,000	109,321,000	80,294,000	45,751,500	73,049,000	61,356,000	48,601,000	33,186,000	53,275,000	49,727,000	36,088,000	21,251,000	30,769,000	21,998,000	32,237,000
earnings per common share attributable to adtalem global education shareholders:
basic																																			200	312.5	630	230	400				80									540	890	780		140	1,010	130	840	1,090	1,340		1,040	1,000	1,140	1,020	770	520	710	600	490	340	540	500	380	212.5	320	230	300
diluted																																			200	310	620	230	390				80									537.5	880	780		130	1,000	130	830	1,080	1,320		1,030	990	1,120	1,000	760	510	700	590	480	330	530	490	370	212.5	320	230	290
loss on assets held for sale																																						4,764,000
asset impairment charge																																								48,187,000		99,473,000
net income attributable to devry education group																																				19,856,000	39,859,000	14,413,000	25,152,000	-9,969,000	51,925,000	-50,587,000	5,465,000	29,926,000	47,120,000	42,413,000	20,440,000
earnings per common share attributable to devry education group shareholders:
basic																																			200	312.5	630	230	400				80									540	890	780		140	1,010	130	840	1,090	1,340		1,040	1,000	1,140	1,020	770	520	710	600	490	340	540	500	380	212.5	320	230	300
diluted																																			200	310	620	230	390				80									537.5	880	780		130	1,000	130	830	1,080	1,320		1,030	990	1,120	1,000	760	510	700	590	480	330	530	490	370	212.5	320	230	290
income from operations of divested component																																													1,011,000
amounts attributable to devry education group:
income from continuing operations, net of income taxes																																								-9,969,000	51,925,000			29,926,000	41,544,000	42,413,000	20,440,000	37,586,000	56,132,000	49,075,000	8,196,000
income from discontinued operations, net of income taxes
earnings per common share attributable to devry education group shareholders:
earnings per common share attributable
to devry education group shareholders:
basic																																										-790
diluted																																										-790
gain on sale of asset																																																			-1,918,000
interest income:
income on discontinued operations																																													5,576,000
income from discontinued operations,
net of income taxes																																												1,394,000	5,576,000
earnings per common share attributable to devry education group shareholders
loss from operations of divested component																																																-157,000	-934,000	-1,387,000
loss on discontinued operations																																																-102,000	-607,000	-920,000	-15,328,000
loss from discontinued operations, net of income taxes																																																-102,000	-607,000	-920,000
operating costs and expenses:
restructuring expenses																																															13,317,000	16,386,000		4,664,000	11,665,000	14,716,000	2,029,000	9,484,000
total operating costs and expenses																																															437,401,000	442,175,000	426,580,000	432,707,000	440,642,000	327,858,500	435,149,000	439,339,000	436,946,000	348,704,750	445,353,000	510,293,000	439,173,000	312,756,500	425,503,000	415,910,000	409,613,000	274,543,250	382,365,000	364,083,000	351,725,000	342,545,000	320,095,000	307,075,000	256,905,000				216,416,000
amounts attributable to devry educaton group
revenues:
total revenues																																																485,073,000	496,117,000	491,269,000	450,913,000	467,643,000	508,752,000	505,244,000	482,736,000	505,887,000	540,807,000	524,049,000	519,038,000	546,750,000	562,730,000	551,463,000	521,428,000	506,674,000	504,385,000	473,012,000	431,110,000	396,239,000	391,882,000	369,615,000	303,717,000	276,805,000	290,973,000	273,737,000	250,318,000	227,503,000	247,781,000	237,536,000	220,653,000
net income attributable to non-controlling interest																																																-56,750	-19,000	-253,000
net income attributable to
devry education group																																																24,137,000	55,525,000
amounts attributable to
devry education group:
net income attributable to devry education group inc.																																																		48,155,000
amounts attributable to devry education group inc.:
earnings per common share attributable to devry education group inc. shareholders
loss from operations of held for sale component																																																			-16,324,000
net loss attributable to non-controlling interest																																																			45,000	-277,500	-339,000	-938,000	167,000	-104,000	-173,000	-415,000	172,000	16,250	-9,000	-166,000	240,000	63,000	232,000	-136,000
net income attributable to devry inc.																																																			-7,132,000	-32,310,000	56,821,000	50,286,000	31,989,000	8,085,000	67,131,000	8,865,000	57,484,000	75,196,000	92,900,000	88,706,000	73,601,000	71,576,000	81,152,000	72,454,000	54,727,000
amounts attributable to devry inc.:
loss from discontinuing operations, net of income taxes																																																			-15,328,000
earnings per common share attributable to devry inc. shareholders
costs and expenses:
asset impairment charges																																																								19,361,000		75,039,000
interest and other income:
net gain on sale of assets																																																										3,695,000
net interest and other income																																																				-159,000	-341,000	-529,000	-930,000	-661,000	-540,000	3,440,000	-338,000	-141,000	87,000	142,000	169,000	380,500	221,000	392,000	909,000	466,750	1,262,000	-1,184,000
earnings per common share attributable to devry inc. shareholders:
basic																																			200	312.5	630	230	400				80									540	890	780		140	1,010	130	840	1,090	1,340		1,040	1,000	1,140	1,020	770	520	710	600	490	340	540	500	380	212.5	320	230	300
diluted																																			200	310	620	230	390				80									537.5	880	780		130	1,000	130	830	1,080	1,320		1,030	990	1,120	1,000	760	510	700	590	480	330	530	490	370	212.5	320	230	290
cash dividend declared per common share																																																				170		170		150		150		120		120		100		100		80		80		60		60				50
to devry inc. shareholders:
basic																																																							490							1,260
diluted																																																							490							1,250
net investment gain																																																																	81,000	313,000	831,000	791,000	970,000
loss on real estate transactions																																																																				994,250	3,977,000
add: net loss attributable to non-controlling interest																																																																			156,000
earnings per common share:
basic																																			200	312.5	630	230	400				80									540	890	780		140	1,010	130	840	1,090	1,340		1,040	1,000	1,140	1,020	770	520	710	600	490	340	540	500	380	212.5	320	230	300
diluted																																			200	310	620	230	390				80									537.5	880	780		130	1,000	130	830	1,080	1,320		1,030	990	1,120	1,000	760	510	700	590	480	330	530	490	370	212.5	320	230	290
loss on sale of assets
net investment loss																																																																						-1,718,000
separation plan severance																																																																												5,155,000	1,097,000
loss (gain) on sale of assets																																																																								935,750			3,743,000
total costs and expenses																																																																								170,910,500	240,422,000	226,804,000		155,241,500	217,012,000	215,538,000	188,416,000
interest																																																																												1,331,500	1,956,000	1,932,000	1,438,000
cash dividend paid per common share																																																																												12.5

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30

assets:
current assets:
cash and cash equivalents	146,977,000	56,281,000	264,691,000	199,601,000	219,017,000	193,958,000	264,798,000	219,306,000	179,762,000	182,894,000	262,438,000	273,689,000	315,373,000	207,776,000	327,515,000	346,973,000	788,729,000	275,420,000	360,095,000	494,613,000	497,746,000	449,296,000	561,170,000	500,516,000	167,771,000	67,282,000	121,079,000	299,445,000	321,211,000	294,801,000	408,765,000	430,690,000	265,325,000	212,239,000	273,751,000	241,979,000	209,879,000	199,945,000	189,017,000	308,164,000	330,214,000	178,193,000	436,453,000	353,022,000	402,115,000	379,965,000	473,108,000	358,188,000	396,815,000	262,034,000	308,544,000	196,576,000	277,994,000	216,259,000	247,566,000	174,076,000	329,440,000	285,749,000	322,918,000	447,145,000	596,515,000	459,282,000	450,994,000	307,702,000	439,897,000	272,550,000	279,243,000	165,202,000	294,979,000	203,326,000	183,059,000	217,199,000	249,580,000	98,912,000	150,011,000	129,155,000	135,821,000	171,346,000	168,646,000	130,583,000
restricted cash	1,862,000	2,359,000	1,494,000	1,563,000	2,164,000	1,461,000	2,074,000	1,896,000	7,562,000	3,183,000	1,988,000	1,386,000	1,804,000	2,234,000	2,480,000	964,000	1,266,000	1,224,000	20,220,000	819,003,000	808,034,000	39,425,000	947,000	589,000	807,000	3,465,000	710,000	1,022,000	391,000	818,000	877,000	310,000	1,042,000	566,000	7,442,000	9,117,000	4,798,000	11,092,000	5,795,000	7,183,000	10,995,000	13,973,000	7,917,000	10,743,000	9,658,000	10,534,000	12,057,000	8,347,000	8,023,000	11,873,000	7,251,000	7,019,000	7,151,000	3,894,000	4,546,000	2,498,000	13,194,000	30,799,000	5,697,000	2,308,000	7,378,000	9,108,000	11,142,000	2,102,000	55,869,000	54,599,000	10,907,000	5,339,000	22,246,000	31,948,000	8,564,000	4,113,000	23,077,000	9,823,000	21,218,000	14,483,000	58,042,000	24,091,000	30,198,000	20,632,000
accounts and financing receivables	175,924,000	162,848,000	194,837,000	146,189,000	162,972,000	146,973,000	171,509,000	126,833,000	140,909,000
prepaid expenses and other current assets	78,992,000	81,494,000	106,195,000	68,837,000	66,190,000	64,693,000	78,533,000	70,050,000	59,401,000	58,356,000	60,750,000	100,715,000	102,573,000	113,564,000	128,069,000	126,467,000	123,505,000	166,722,000	165,731,000	133,341,000	103,049,000	90,134,000	97,386,000	95,651,000	126,785,000	45,275,000	39,476,000	37,724,000	54,776,000	64,953,000	69,714,000	58,887,000	71,906,000
total current assets	403,755,000	302,982,000	567,217,000	416,190,000	450,343,000	407,085,000	516,914,000	418,085,000	387,634,000	378,099,000	472,928,000	478,539,000	533,034,000	423,116,000	569,922,000	556,039,000	1,010,996,000	610,507,000	709,257,000	1,514,953,000	1,497,278,000	680,447,000	768,473,000	692,766,000	544,266,000	389,929,000	456,113,000	504,700,000	540,091,000	506,549,000	739,386,000	688,000,000	539,340,000	469,809,000	541,626,000	471,207,000	428,592,000	427,433,000	423,658,000	518,105,000	594,606,000	400,288,000	718,114,000	601,057,000	667,921,000	572,779,000	735,872,000	577,091,000	638,496,000	475,745,000	592,476,000	442,164,000	548,025,000	450,771,000	546,053,000	401,114,000	665,368,000	528,780,000	545,231,000	624,650,000	887,722,000	675,752,000	680,775,000	499,647,000	768,583,000	578,635,000	561,201,000	385,446,000	549,805,000	424,952,000	392,327,000	325,588,000	434,573,000	368,257,000	353,729,000	218,985,000	320,175,000	292,504,000	313,724,000	228,073,000
noncurrent assets:
property and equipment	276,972,000	266,036,000	257,357,000	256,131,000	250,764,000	245,878,000	244,503,000	248,524,000	272,792,000	260,484,000	264,766,000	258,522,000	252,797,000	275,617,000	281,581,000	289,926,000	294,538,000	301,666,000	322,305,000	297,237,000	291,022,000	290,236,000	289,944,000	286,102,000	286,346,000	281,975,000
operating lease assets	201,079,000	189,483,000	189,762,000	191,194,000	198,465,000	188,800,000	171,921,000	176,755,000	169,498,000	176,863,000	171,055,000	174,677,000	173,271,000	175,097,000	158,287,000	177,995,000	186,968,000	155,356,000	168,626,000	168,943,000	164,335,000	192,954,000	186,824,000	174,935,000	188,629,000	187,520,000	195,238,000
deferred income taxes				32,956,000	33,157,000	28,413,000	33,454,000	49,088,000	64,213,000	58,212,000	54,855,000	56,694,000	54,494,000	52,460,000	49,318,000	51,093,000	47,574,000	61,536,000	31,315,000	22,479,000	27,441,000	23,489,000	18,325,000	22,277,000	15,066,000	15,588,000	14,977,000	18,314,000	19,199,000	19,141,000	31,080,000	38,780,000	29,479,000	31,090,000	31,222,000	33,772,000	35,497,000	26,618,000	32,037,000	52,608,000	43,080,000	41,261,000	36,451,000	41,458,000	45,163,000	45,104,000	46,741,000	39,679,000	29,458,000	31,169,000	33,336,000	29,758,000	24,459,000	25,176,000	25,279,000	27,845,000	23,019,000	21,760,000	21,712,000	24,457,000	26,290,000	24,547,000	24,202,000	22,340,000	22,489,000	22,191,000	20,223,000	21,562,000	17,850,000	16,312,000	15,635,000	14,975,000	17,287,000	17,938,000	15,491,000	13,915,000	15,501,000	15,344,000	15,485,000	13,700,000
intangible assets	757,059,000	759,864,000	762,669,000	765,474,000	768,279,000	771,084,000	773,889,000	776,694,000	784,042,000	792,328,000	801,661,000	812,338,000	824,641,000	838,873,000	855,049,000	873,577,000	896,884,000	923,701,000	1,090,663,000	276,249,000	279,997,000	282,518,000	285,027,000	287,514,000	290,092,000	292,736,000	295,324,000	418,097,000	355,147,000	358,415,000	355,595,000	362,931,000	405,342,000	407,000,000	417,761,000	413,803,000	422,949,000	421,528,000	426,089,000	342,856,000	371,046,000	357,901,000	304,141,000	323,731,000	325,000,000	289,160,000	288,620,000	294,932,000	294,497,000	293,720,000	298,419,000	281,998,000	292,098,000	294,177,000	297,054,000	285,220,000	292,118,000	276,448,000	321,250,000	195,462,000	191,870,000	192,916,000	193,898,000	194,195,000	196,003,000	198,142,000	201,328,000	203,195,000	184,654,000	187,612,000	140,632,000	62,847,000	63,859,000	65,372,000	55,874,000	56,920,000	58,344,000		61,955,000	63,762,000
goodwill	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	961,262,000	960,058,000	1,328,928,000	686,374,000	686,535,000	686,557,000	686,480,000	686,214,000	686,235,000	686,805,000	686,992,000	874,451,000	811,260,000	813,176,000	805,285,000	813,887,000	845,843,000	832,943,000	860,865,000	851,282,000	861,001,000	854,838,000	854,188,000	588,007,000	565,012,000	542,994,000	533,179,000	552,329,000	561,406,000	519,748,000	514,220,000	519,879,000	517,065,000	514,757,000	517,655,000	508,937,000	566,497,000	566,199,000	564,841,000	549,961,000	567,316,000	553,456,000	589,780,000	523,620,000	517,822,000	516,648,000	516,104,000	514,864,000	515,052,000	514,873,000	514,448,000	512,568,000	494,579,000	494,488,000	523,395,000	308,024,000	308,671,000	308,598,000	291,113,000	291,113,000	291,113,000	291,113,000	291,113,000	291,113,000
other assets	137,300,000	135,086,000	129,196,000	129,145,000	119,664,000	112,608,000	107,939,000	103,184,000	67,768,000	65,852,000	67,634,000	68,509,000	67,618,000	116,613,000	120,630,000	119,283,000	120,145,000	117,621,000	117,096,000	87,601,000	84,392,000	88,463,000	94,824,000	78,879,000	84,825,000	82,850,000	91,086,000	62,451,000	63,385,000	66,643,000	53,666,000	39,259,000	35,492,000	38,091,000	42,544,000	41,695,000	58,058,000	57,040,000	60,490,000	60,207,000	59,443,000	58,728,000	37,522,000	37,752,000	36,277,000	29,740,000	30,051,000	36,447,000	33,846,000	33,398,000	32,805,000	33,025,000	27,953,000	30,112,000	31,263,000	29,894,000	27,400,000	27,290,000	26,431,000	25,077,000	21,607,000	20,858,000	20,158,000	17,533,000	15,127,000	14,961,000	14,674,000	12,069,000	13,182,000	11,798,000	11,176,000	11,961,000	14,871,000	6,614,000	5,510,000	4,318,000	6,515,000	5,933,000	2,639,000	3,158,000
total noncurrent assets	2,333,672,000	2,311,731,000	2,300,246,000	2,336,162,000	2,339,416,000	2,315,870,000	2,300,793,000	2,323,332,000	2,327,400,000	2,322,826,000	2,321,233,000	2,332,002,000	2,334,083,000	2,419,922,000	2,426,127,000	2,473,136,000	2,507,464,000	3,049,266,000	3,058,933,000	1,538,883,000	1,533,722,000	1,564,217,000	1,561,424,000	1,535,921,000	1,899,754,000	2,000,681,000	1,649,625,000	1,373,313,000	1,248,991,000	1,257,375,000	1,259,076,000	1,268,307,000	1,329,606,000
total assets	2,737,427,000	2,614,713,000	2,867,463,000	2,752,352,000	2,789,759,000	2,722,955,000	2,817,707,000	2,741,417,000	2,715,034,000	2,700,925,000	2,794,161,000	2,810,541,000	2,867,117,000	2,843,038,000	2,996,049,000	3,029,175,000	3,518,460,000	3,659,773,000	3,768,190,000	3,053,836,000	3,031,000,000	2,244,664,000	2,329,897,000	2,228,687,000	2,444,020,000	2,390,610,000	2,460,324,000	2,242,696,000	2,148,703,000	2,122,223,000	2,349,865,000	2,344,961,000	2,287,305,000	2,210,722,000	2,383,596,000	2,314,035,000	2,317,809,000	2,301,433,000	2,324,356,000	2,096,996,000	2,115,897,000	1,908,912,000	2,136,742,000	2,074,193,000	2,148,677,000	1,967,866,000	2,134,627,000	1,997,636,000	2,048,865,000	1,889,113,000	2,026,807,000	1,857,018,000	2,017,986,000	1,914,066,000	2,020,320,000	1,838,616,000	2,112,202,000	1,924,332,000	2,011,927,000	1,850,503,000	2,070,427,000	1,834,583,000	1,822,905,000	1,627,826,000	1,880,227,000	1,665,818,000	1,628,478,000	1,434,299,000	1,590,869,000	1,454,887,000	1,398,756,000	1,018,356,000	1,115,892,000	996,332,000	952,540,000	844,113,000	947,161,000	919,801,000	940,122,000	872,482,000
liabilities and shareholders' equity:
current liabilities:
accounts payable	97,261,000	103,103,000	104,576,000	105,017,000	98,709,000	66,920,000	91,421,000	102,626,000	92,198,000	88,093,000	76,866,000	81,812,000	73,307,000	71,189,000	64,407,000	57,140,000	67,252,000	65,422,000	113,577,000	56,071,000	45,958,000	49,035,000	48,148,000	46,484,000	33,932,000	31,457,000	44,674,000	57,627,000	42,322,000	48,525,000	50,413,000	47,477,000	38,351,000	37,818,000	71,371,000	64,285,000	46,521,000	47,889,000	57,423,000	64,687,000	54,222,000	56,762,000	59,777,000	63,083,000	58,531,000	55,737,000	68,183,000	52,260,000	54,594,000	62,721,000	57,798,000	55,131,000	53,999,000	60,669,000	62,105,000	63,094,000	53,208,000	51,413,000	65,678,000	63,611,000	63,741,000	62,185,000	74,527,000	90,364,000	89,152,000	71,246,000	86,642,000	71,564,000	66,212,000	40,905,000	81,153,000	70,368,000	36,895,000	37,029,000	32,799,000	34,295,000	34,283,000	32,975,000	34,313,000	39,677,000
accrued payroll and benefits	75,093,000	53,153,000	51,969,000	76,374,000	72,676,000	50,999,000	49,839,000	71,373,000	67,647,000	45,928,000	43,138,000	52,041,000	56,023,000	42,465,000	55,034,000	66,642,000	56,705,000	52,086,000	65,047,000	64,452,000	50,478,000	38,994,000	31,491,000	48,835,000	40,373,000	39,088,000
accrued liabilities	92,846,000	72,283,000	62,812,000	77,286,000	86,491,000	62,479,000	87,212,000	96,957,000	114,224,000	97,675,000	89,395,000	105,806,000	86,691,000	93,705,000	93,805,000	98,124,000	176,921,000	134,585,000	126,818,000	129,258,000	111,188,000	100,364,000	107,148,000	104,431,000	60,458,000	89,507,000	61,966,000	86,722,000	86,622,000	83,756,000	90,167,000	80,803,000	78,464,000	77,891,000
deferred revenue	276,192,000	180,429,000	322,867,000	214,091,000	247,811,000	171,523,000	290,571,000	185,272,000	202,566,000	135,281,000	250,555,000	153,871,000	175,488,000	115,658,000	227,238,000	144,840,000	167,576,000	124,347,000	266,654,000	100,697,000	116,670,000	97,400,000	168,253,000	91,589,000	120,047,000	51,413,000	168,533,000	99,790,000	122,360,000	51,173,000	185,061,000	106,773,000	142,143,000	81,224,000	221,511,000	117,558,000	178,664,000	96,649,000	224,713,000	100,442,000	170,106,000	77,778,000	223,343,000	90,232,000	176,451,000
current operating lease liabilities	35,230,000	33,917,000	34,392,000	35,159,000	34,882,000	32,633,000	32,266,000	31,429,000	32,475,000	31,596,000	35,681,000	37,673,000	46,411,000	48,445,000	50,065,000	50,781,000	51,335,000	54,845,000	57,224,000	55,329,000	54,911,000	51,950,000	51,897,000	51,644,000	51,926,000	53,029,000	54,057,000
current portion of long-term debt	3,825,000																	8,500,000	6,375,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
total current liabilities	580,447,000	442,885,000	576,616,000	507,927,000	540,569,000	384,554,000	551,309,000	487,657,000	509,110,000	398,573,000	495,635,000	431,203,000	437,920,000	371,462,000	490,549,000	417,527,000	521,206,000	497,475,000	635,695,000	408,807,000	382,205,000	340,743,000	409,937,000	345,983,000	344,686,000	304,188,000	412,475,000	311,631,000	309,205,000	244,310,000	459,086,000	365,781,000	378,626,000	296,819,000	450,518,000	377,327,000	402,165,000	325,556,000	444,840,000	361,836,000	401,554,000	291,809,000	439,400,000	321,909,000	399,558,000	264,980,000	451,265,000	316,812,000	405,688,000	307,152,000	479,747,000	316,217,000	409,455,000	337,528,000	474,249,000	315,209,000	554,436,000	427,090,000	462,696,000	316,431,000	599,376,000	456,841,000	492,413,000	343,854,000	648,763,000	525,505,000	556,184,000	392,017,000	586,439,000	497,758,000	507,698,000	210,692,000	333,414,000	246,933,000	246,925,000	165,875,000	289,341,000	282,993,000	311,942,000	211,269,000
noncurrent liabilities:
long-term debt	495,644,000	504,282,000	553,152,000	552,669,000	552,186,000	649,924,000	649,318,000	648,712,000	648,106,000	696,373,000	695,725,000	695,077,000	694,429,000	693,781,000	741,696,000	838,908,000	1,225,360,000	1,599,538,000	1,600,043,000	1,067,711,000	1,067,564,000	284,131,000	285,621,000	286,115,000	446,610,000	412,105,000	327,600,000	398,094,000	288,589,000	289,084,000	289,579,000	290,073,000
long-term operating lease liabilities	201,595,000	191,353,000	188,406,000	186,172,000	193,460,000	182,051,000	161,757,000	167,712,000	159,717,000	168,603,000	160,523,000	163,441,000	164,185,000	166,496,000	164,840,000	177,045,000	188,955,000	155,827,000	164,675,000	167,855,000	164,386,000	195,840,000	189,607,000	176,032,000	179,195,000	180,002,000	192,055,000
other liabilities	36,905,000	40,582,000	38,352,000	40,103,000	37,242,000	35,149,000	35,023,000	38,675,000	48,201,000	40,734,000	37,221,000	37,416,000	32,961,000	61,901,000	62,517,000	65,074,000	65,729,000	58,040,000	73,600,000	79,612,000	81,123,000	81,784,000	85,590,000	82,309,000	91,011,000	91,643,000	92,252,000	102,472,000	104,562,000	118,133,000	122,757,000	131,380,000
total noncurrent liabilities	792,875,000	793,032,000	833,223,000	810,800,000	816,477,000	899,491,000	876,446,000	884,625,000	884,961,000	932,953,000	919,863,000	922,002,000	918,812,000	948,854,000	995,461,000	1,106,581,000	1,505,947,000	1,872,618,000	1,865,524,000	1,342,169,000	1,340,078,000	587,547,000	586,228,000	569,431,000	801,813,000	788,428,000	717,469,000	529,992,000	426,429,000	439,615,000	441,930,000	450,784,000	339,001,000
total liabilities	1,373,322,000	1,235,917,000	1,409,839,000	1,318,727,000	1,357,046,000	1,284,045,000	1,427,755,000	1,372,282,000	1,394,071,000	1,331,526,000	1,415,498,000	1,353,205,000	1,356,732,000	1,320,316,000	1,486,010,000	1,524,108,000	2,027,153,000	2,370,093,000	2,501,219,000	1,750,976,000	1,722,283,000	928,290,000	996,165,000	915,414,000	1,146,499,000	1,092,616,000	1,129,944,000	841,623,000	735,634,000	683,925,000	901,016,000	816,565,000	717,627,000	683,358,000	718,991,000	638,711,000	656,885,000	689,800,000	717,635,000	509,797,000	556,433,000	439,262,000	589,721,000	479,763,000	574,631,000	403,852,000	587,839,000	457,850,000	549,357,000	458,147,000	631,772,000	459,008,000	559,846,000	508,807,000	643,924,000	473,981,000	709,544,000	562,661,000	606,037,000	454,232,000	725,380,000	559,041,000	593,358,000	443,438,000	748,103,000	616,549,000	646,459,000	504,169,000	704,668,000	614,718,000	601,003,000	262,367,000	379,495,000	293,167,000	286,564,000	202,147,000	321,151,000	315,439,000	352,731,000	307,875,000
commitments and contingencies
shareholders' equity:
common stock, 0.01 par value per share...	847,000	847,000	847,000	839,000	839,000	839,000	838,000	832,000	831,000	831,000	826,000	822,000	822,000	822,000	821,000	818,000	818,000	817,000	817,000	811,000	811,000	810,000	810,000	807,000	806,000	806,000
additional paid-in capital	696,468,000	686,587,000	673,022,000	664,300,000	653,635,000	642,975,000	631,033,000	611,949,000	603,671,000	597,587,000	576,758,000	568,761,000	564,363,000	561,376,000	529,229,000	521,848,000	517,431,000	542,296,000	537,402,000	519,826,000	516,627,000	512,102,000	508,487,000	504,434,000	499,703,000	496,674,000	492,151,000	486,061,000	483,043,000	479,946,000	469,545,000	454,653,000	450,120,000	433,855,000	422,358,000	415,912,000	404,800,000	395,155,000	383,815,000	372,175,000	364,006,000	360,333,000	356,487,000	350,256,000	343,339,000	338,710,000	331,251,000	320,703,000	311,851,000	304,807,000	298,386,000	291,269,000	285,242,000	280,901,000	278,144,000	272,962,000	267,285,000	260,755,000	256,159,000	248,418,000	238,813,000	233,371,000	229,688,000	224,209,000	217,805,000	207,884,000	201,935,000	197,096,000	186,815,000	181,758,000	174,236,000	168,405,000	164,634,000	158,663,000	147,511,000	143,580,000	133,999,000	129,928,000	126,186,000	122,430,000
retained earnings	2,957,419,000	2,915,782,000	2,839,406,000	2,777,574,000	2,723,362,000	2,662,530,000	2,586,674,000	2,540,509,000	2,491,090,000	2,454,269,000	2,414,378,000	2,403,750,000	2,381,506,000	2,349,146,000	2,325,002,000	2,322,810,000	2,314,796,000	1,964,954,000	1,947,101,000	2,005,105,000	1,995,465,000	1,970,813,000	1,947,498,000	1,927,568,000	2,183,620,000	2,032,788,000	2,027,263,000	2,012,902,000	1,964,169,000	1,926,134,000	1,908,465,000	1,917,373,000	1,852,122,000	1,812,746,000	1,894,372,000	1,881,397,000	1,837,738,000	1,797,634,000	1,796,099,000	1,771,068,000	1,794,012,000	1,743,105,000	1,804,482,000	1,796,361,000	1,778,239,000	1,731,976,000	1,702,289,000	1,682,071,000	1,655,283,000	1,599,985,000	1,562,662,000	1,575,009,000	1,616,850,000	1,560,130,000	1,520,415,000	1,488,988,000	1,490,371,000	1,423,651,000	1,424,866,000	1,367,972,000	1,300,862,000	1,208,419,000	1,128,326,000	1,055,591,000	991,295,000	910,802,000	845,686,000	791,677,000	749,913,000	699,027,000	661,894,000	627,064,000	606,781,000	568,463,000	536,933,000	510,979,000	498,589,000	475,665,000	462,813,000	441,893,000
accumulated other comprehensive loss	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-2,227,000	-960,000	-2,209,000	-634,000	-740,000	-7,365,000	-7,756,000	-7,711,000	-8,612,000	-9,055,000	-276,379,000	-159,118,000	-176,739,000	-137,290,000	-148,706,000	-143,518,000	-163,168,000	-142,168,000	-59,195,000	-60,745,000	-35,720,000	-59,119,000	-37,013,000	-50,828,000	-49,223,000	-42,467,000	-91,348,000	-133,207,000	-122,154,000	-77,114,000	-78,876,000	-44,066,000	-32,015,000	-15,394,000	-19,604,000	-25,573,000	-17,605,000																			469,000	-2,557,000	-2,963,000	-2,644,000	-1,788,000	-1,550,000	-918,000	-159,000	-50,000	-423,000
treasury stock	-2,288,402,000	-2,222,193,000	-2,053,424,000	-2,006,861,000	-1,942,896,000	-1,865,207,000	-1,826,366,000	-1,781,928,000	-1,772,402,000	-1,681,061,000	-1,611,072,000	-1,513,770,000	-1,434,079,000	-1,386,395,000	-1,342,786,000	-1,339,449,000	-1,339,529,000	-1,219,543,000	-1,219,399,000	-1,217,307,000	-1,198,923,000	-1,162,235,000	-1,117,212,000	-1,113,333,000	-1,113,191,000	-1,076,238,000	-1,016,287,000	-970,944,000	-894,720,000	-833,716,000	-775,605,000	-711,365,000		-666,684,000	-623,756,000	-569,932,000	-551,979,000	-537,823,000	-529,785,000	-519,454,000	-511,499,000		-496,212,000	-485,453,000	-478,525,000	-471,514,000	-462,121,000	-454,740,000	-454,965,000	-454,980,000	-455,049,000	-452,766,000	-447,779,000	-438,721,000	-426,131,000	-400,409,000	-367,070,000	-335,565,000	-288,398,000	-243,341,000	-215,492,000	-186,641,000	-147,539,000	-111,049,000	-92,222,000	-85,799,000	-81,201,000	-69,717,000	-51,993,000	-41,811,000	-36,545,000	-37,241,000	-33,096,000	-22,894,000	-17,635,000	-12,391,000	-7,130,000	-1,891,000	-1,894,000
total shareholders' equity	1,364,105,000	1,378,796,000	1,457,624,000	1,433,625,000	1,432,713,000	1,438,910,000	1,389,952,000	1,369,135,000	1,320,963,000	1,369,399,000	1,378,663,000	1,457,336,000	1,510,385,000	1,522,722,000	1,510,039,000	1,505,067,000	1,491,307,000	1,287,890,000	1,265,181,000	1,301,070,000	1,306,224,000	1,313,779,000	1,330,971,000	1,310,421,000	1,294,559,000	1,294,912,000			1,404,587,000	1,429,647,000	1,440,035,000	1,519,286,000	1,558,287,000		1,658,039,000	1,669,039,000	1,654,324,000	1,604,913,000	1,601,678,000	1,582,087,000	1,555,935,000	1,466,837,000	1,543,369,000	1,584,810,000	1,564,946,000	1,555,875,000	1,540,171,000	1,533,393,000	1,493,319,000	1,424,991,000	1,389,145,000	1,397,156,000
total liabilities and shareholders' equity	2,737,427,000	2,614,713,000	2,867,463,000	2,752,352,000	2,789,759,000	2,722,955,000	2,817,707,000	2,741,417,000	2,715,034,000	2,700,925,000	2,794,161,000	2,810,541,000	2,867,117,000	2,843,038,000	2,996,049,000	3,029,175,000	3,518,460,000	3,659,773,000	3,768,190,000	3,053,836,000	3,031,000,000	2,244,664,000	2,329,897,000	2,228,687,000	2,444,020,000	2,390,610,000																		2,074,193,000				1,997,636,000	2,048,865,000	1,889,113,000	2,026,807,000	1,857,018,000
assets held for sale					7,825,000	7,825,000	7,825,000	7,825,000	7,825,000	7,825,000
accounts receivable										133,666,000	147,752,000	102,749,000	113,284,000	99,542,000	111,858,000	81,635,000	96,064,000	92,744,000	163,211,000	67,996,000	77,559,000	91,051,000	99,536,000	87,042,000	98,732,000	93,394,000	116,212,000	157,829,000	155,372,000	138,708,000	166,794,000	146,726,000	169,343,000	148,638,000	189,783,000	173,362,000	165,691,000	150,237,000	184,294,000	162,389,000	170,035,000	121,817,000	185,956,000	139,163,000	149,586,000	89,318,000	170,280,000	132,621,000	161,202,000	117,812,000	183,487,000	139,778,000	194,398,000	139,658,000	190,727,000	113,911,000	254,661,000	145,488,000	151,428,000	114,689,000	223,953,000	152,834,000	161,323,000	119,210,000	155,902,000	135,183,000	156,973,000	104,413,000	179,954,000	137,602,000	154,654,000	55,214,000	121,523,000	76,842,000	75,790,000	43,084,000	95,490,000	60,350,000	76,803,000	46,567,000
											2,023,000		2,023,000	2,022,000	2,022,000		2,022,000	2,021,000	2,021,000		2,021,000	2,020,000	2,020,000		2,020,000	2,019,000
revenue											368,845,000		369,082,000	363,302,000	354,559,000		365,623,000	371,198,000	348,327,000		280,654,000	283,111,000	268,241,000		271,487,000	266,172,000
operating cost and expense:
cost of educational services											168,618,000		165,820,000	159,303,000	159,645,000		166,027,000	180,420,000	163,110,000		123,077,000	126,823,000	113,698,000		118,712,000	127,258,000
student services and administrative expense											166,095,000		144,526,000	140,668,000	148,341,000		149,890,000	153,597,000	159,479,000		108,500,000	103,721,000	100,178,000		96,434,000	96,648,000
restructuring expense											676,000		1,278,000	1,363,000	15,065,000		10,518,000	3,387,000	3,916,000		1,217,000	1,165,000	4,223,000		1,854,000	1,955,000
business integration expense											5,262,000
total operating cost and expense											340,651,000		309,653,000	317,275,000	331,466,000		332,359,000	346,464,000	353,058,000		236,440,000	242,788,000	231,535,000		217,000,000	225,861,000
operating income											28,194,000		59,429,000	46,027,000	23,093,000		33,264,000	24,734,000	-4,731,000		44,214,000	40,323,000	36,706,000
interest expense											-15,657,000		-14,457,000	-15,589,000	-17,760,000		-36,585,000	-25,929,000	-47,393,000		-8,555,000	-3,736,000	-3,692,000		-5,191,000	-5,066,000
other income											2,214,000		3,980,000	-2,574,000
income from continuing operations before income taxes											14,751,000		48,952,000	27,864,000	6,900,000		-2,276,000	-334,000	-51,246,000		37,048,000	38,811,000	34,536,000		160,368,000	8,873,000
benefit from income taxes											-2,792,000		1,701,000		-1,054,000		8,133,000	39,368,000	10,612,000		-7,341,000	-7,223,000	-7,090,000		-6,937,000
income from continuing operations											11,959,000		48,563,000	23,617,000	5,846,000		5,857,000	39,034,000	-40,634,000		29,707,000	31,588,000	27,446,000		153,431,000	1,303,000
discontinued operations:
income from discontinued operations before income taxes											-1,765,000		-3,993,000	524,000	-3,438,000		4,071,000	4,159,000	-23,382,000		-6,836,000	-11,187,000	-10,084,000		-5,947,000	3,294,000
loss on disposal of discontinued operations before income taxes															-3,359,000
income from discontinued operations											-1,313,000		-2,694,000	527,000	-3,654,000		343,985,000	-21,181,000	-17,370,000		-5,157,000	-8,439,000	-7,607,000		-2,719,000	4,117,000
net income and comprehensive income											10,646,000
earnings per share:
basic:
continuing operations											290		1,080	520	130		120	780	-820		590	610	520		2,900	30
discontinued operations											-30		-60	10	-80		7,030	-430	-350		-100	-160	-140		-50	80
total basic earnings per share											260		1,020	530	50		7,150
diluted:
total diluted earnings per share											250		1,000	520	50		7,090
weighted-average shares outstanding:
basic shares											41,399,000		45,125,000	45,425,000	45,274,000		48,925,000	49,776,000	49,663,000		50,658,000	52,251,000	52,464,000		52,955,000	53,890,000
diluted shares											42,184,000		45,801,000	46,121,000	46,342,000		49,377,000	50,237,000	49,663,000		51,111,000	52,441,000	52,797,000		53,319,000	54,280,000
current assets held for sale																	1,432,000	74,397,000							142,417,000	171,284,000	169,873,000				84,834,000	47,132,000	27,524,000	28,126,000
noncurrent assets held for sale																	93,000	529,328,000													13,450,000	13,450,000	13,450,000
current liabilities held for sale																	1,417,000	57,690,000							34,950,000	36,694,000	50,174,000				84,190,000	56,439,000	55,808,000	36,469,000
noncurrent liabilities held for sale																	41,000	32,086,000							56,850,000	75,833,000	76,468,000				216,000	216,000
business acquisition and integration expense													11,346,000	15,941,000	8,415,000		5,924,000	9,060,000	26,553,000		3,646,000	11,079,000	13,436,000
gain on sale of assets													-13,317,000
(benefit from) benefit from income taxes													-389,000	-4,247,000
gain on disposal of discontinued operations before income taxes													-402,000	185,000			474,003,000
net income													45,869,000	24,144,000	2,192,000		349,842,000	17,853,000	-58,004,000		24,550,000	23,149,000	19,839,000		150,712,000	5,420,000
redeemable noncontrolling interest																		1,790,000	1,790,000	1,790,000	2,493,000	2,595,000	2,761,000	2,852,000	2,962,000	3,082,000
other income:
interest income															1,567,000
net other income															-16,193,000		-35,540,000	-25,068,000	-46,515,000		-7,166,000	-1,512,000	-2,170,000		105,881,000	-31,438,000
interest and dividend income																	1,045,000	861,000	878,000		910,000	1,219,000	1,004,000		782,000	1,215,000
investment gain																					479,000	1,005,000	518,000		-1,548,000	419,000
net income attributable to redeemable noncontrolling interest from discontinued operations
net income attributable to adtalem																	349,842,000
amounts attributable to adtalem:
net income from continuing operations																	5,857,000	39,034,000	-40,634,000		29,809,000	31,754,000	27,537,000		153,551,000	1,408,000
net income from discontinued operations																	343,985,000	-21,181,000	-17,370,000		-5,157,000	-8,439,000	-7,607,000		-2,719,000	4,117,000
earnings per share attributable to adtalem:
net income attributable to adtalem global education																		17,853,000	-58,004,000		24,652,000	23,315,000	19,930,000		150,832,000	5,525,000
amounts attributable to adtalem global education:
earnings per share attributable to adtalem global education:
net																		360	-1,170		490	450	380		2,850	100
net income attributable to redeemable noncontrolling interest																					102,000	166,000	91,000
investments in marketable securities																					10,890,000	10,541,000	9,434,000	8,968,000	7,754,000	9,229,000	8,763,000	8,680,000	8,341,000
gain on derivative																									111,838,000
loss on derivative																										-28,006,000
other assets held for sale																									348,561,000	453,207,000	366,008,000							13,450,000
settlement gain
operating income from continuing operations																									54,487,000	40,311,000
net income attributable to redeemable noncontrolling interest from continuing operations																									120,000	105,000
income tax provision																										-7,570,000
income tax benefit																										823,000
land, building and equipment:
land																											41,441,000	44,609,000	43,801,000	43,829,000	43,724,000	48,177,000	48,369,000	46,918,000	49,088,000	48,947,000	49,085,000	48,595,000	54,967,000	55,690,000	50,001,000	59,677,000	59,091,000	59,691,000	63,282,000	63,261,000	67,060,000	68,185,000	66,775,000	66,539,000	67,101,000	71,122,000	66,063,000	65,963,000	65,249,000	65,172,000	66,019,000	61,360,000	61,378,000	54,404,000	54,274,000	54,197,000	54,097,000	53,914,000	53,965,000	54,038,000	53,973,000	53,694,000	50,816,000	50,797,000	51,193,000	50,726,000	47,478,000	51,431,000	51,707,000	60,570,000	60,578,000	61,789,000	61,642,000	67,756,000
building																											309,893,000	383,331,000	374,535,000	364,417,000	349,694,000	389,129,000	410,960,000	425,659,000	470,347,000	474,942,000	477,200,000	471,272,000	484,104,000	488,347,000	478,253,000	489,145,000	490,022,000	485,288,000	470,706,000	467,330,000	465,930,000	464,944,000	454,099,000	429,463,000	427,194,000	424,902,000				386,028,000				314,274,000				283,044,000
equipment																											235,027,000	281,551,000	279,170,000	271,979,000	269,298,000	302,516,000	331,045,000	365,394,000	524,054,000	514,118,000	537,257,000	529,221,000	523,492,000	521,209,000	512,825,000	500,274,000	522,735,000	521,361,000	500,902,000	492,716,000	488,783,000	488,322,000	476,688,000	472,944,000	471,905,000	475,656,000	485,570,000	491,232,000	470,315,000	433,949,000	422,271,000	444,851,000	426,345,000	402,179,000	361,837,000	356,046,000	347,689,000	346,979,000	385,703,000	356,203,000	339,793,000	328,637,000	313,053,000	295,636,000	288,731,000	282,273,000	276,921,000	271,594,000	266,677,000	260,847,000	257,757,000	252,269,000	248,476,000	245,360,000
construction in progress																											8,681,000	16,222,000	16,445,000	23,136,000	26,849,000	25,360,000	30,550,000	26,520,000	19,091,000	22,461,000	17,067,000	15,628,000	24,201,000	22,560,000	20,241,000	32,166,000	16,716,000	26,664,000	32,292,000	26,666,000	25,806,000	17,405,000	19,957,000	44,115,000	44,226,000	33,724,000	64,412,000	28,953,000	35,931,000	61,752,000	50,192,000	47,926,000	51,860,000	63,310,000	73,713,000	61,550,000	47,441,000	38,188,000	8,958,000	17,776,000	14,124,000	10,587,000	8,420,000	8,209,000	5,536,000	4,874,000	5,816,000	6,375,000	5,038,000	15,816,000	15,367,000	12,880,000	12,278,000	9,057,000
land, building and equipment: - sum																											595,042,000		713,951,000	703,361,000	689,565,000		820,924,000		1,062,580,000	1,060,468,000	1,080,609,000	1,064,716,000	1,086,764,000	1,087,806,000	1,061,320,000	1,081,262,000	1,088,564,000	1,093,004,000	1,067,182,000	1,049,973,000	1,047,579,000	1,038,856,000	1,017,519,000	1,013,061,000	1,010,426,000	1,005,404,000				946,901,000				834,167,000				722,125,000
accumulated depreciation																											-314,219,000	-361,030,000	-354,330,000	-345,062,000	-338,162,000	-376,528,000	-402,565,000	-446,152,000	-597,732,000	-582,922,000	-593,627,000	-575,470,000	-572,320,000	-566,043,000	-548,980,000	-545,711,000	-558,228,000	-547,130,000	-522,559,000	-506,984,000	-495,165,000	-483,019,000	-466,008,000	-455,018,000	-439,933,000	-433,747,000	-435,427,000	-415,050,000	-393,142,000	-387,924,000	-374,904,000	-395,331,000	-375,841,000	-365,923,000	-354,711,000	-354,353,000	-339,565,000	-333,988,000
land, building and equipment held for sale																											73,763,000								11,280,000	11,280,000	11,280,000	11,280,000
land, building and equipment																											354,586,000	364,683,000	359,621,000	358,299,000	351,403,000	388,654,000	418,359,000	418,339,000	476,128,000	488,826,000	498,262,000	500,526,000	514,444,000	521,763,000	512,340,000	535,551,000	530,336,000	545,874,000	544,623,000	542,989,000	552,414,000	555,837,000	551,511,000	558,043,000	570,493,000	571,657,000				558,977,000				468,244,000				388,137,000
liabilities:
accrued salaries, wages and benefits																											30,071,000	64,492,000	54,901,000	57,856,000	46,255,000	71,289,000	63,860,000	63,417,000	67,950,000	96,241,000	80,965,000	78,864,000	65,841,000	93,328,000	88,472,000	73,506,000	74,214,000	83,491,000	90,503,000	73,460,000	83,241,000	94,501,000	91,811,000	77,447,000	96,100,000	88,444,000	81,290,000	64,043,000	83,653,000	77,741,000	72,443,000	58,792,000	77,925,000	107,829,000	69,410,000	58,349,000	73,565,000	92,368,000	69,552,000	50,009,000	56,726,000	74,174,000	53,724,000	54,200,000	43,786,000	51,300,000	43,049,000	43,249,000	35,392,000	47,093,000	39,912,000	43,642,000	34,917,000	35,600,000
noncontrolling interest																											3,187,000	9,543,000	8,482,000	8,651,000	8,814,000	9,110,000	11,391,000	7,405,000	6,566,000	6,285,000	6,600,000	6,720,000	5,043,000	5,112,000	3,529,000	2,813,000	3,652,000	9,620,000	9,100,000	8,139,000
shareholders’ equity:
common stock, 0.01 par value...																											805,000	801,000	801,000	801,000	798,000	793,000	792,000	787,000	785,000	781,000	778,000	775,000	772,000	765,000	764,000	764,000	766,000	760,000	769,000	769,000	767,000	753,000	754,000	752,000	751,000	745,000	744,000	744,000	743,000		741,000	740,000	739,000	738,000	736,000	735,000	735,000	734,000	733,000	731,000	729,000	729,000	729,000	726,000	725,000	724,000	722,000	721,000	717,000	716,000	711,000	710,000	709,000	708,000
total shareholders’ equity																											1,327,193,000	1,391,530,000						1,519,959,000																			1,449,123,000	1,396,358,000	1,367,759,000	1,356,393,000	1,394,490,000	1,354,039,000	1,398,714,000	1,389,516,000	1,338,581,000	1,269,507,000	1,223,914,000	1,179,381,000	1,127,606,000	1,045,165,000	978,280,000	926,942,000	886,201,000	840,169,000	797,753,000	755,989,000	736,397,000	703,165,000	665,976,000	641,966,000	626,010,000	604,362,000	587,391,000	564,607,000
total liabilities, noncontrolling interest and shareholders’ equity																											2,460,324,000	2,242,696,000						2,210,722,000
income taxes payable																																	88,562,000	88,562,000
total liabilities, noncontrolling interest and shareholders' equity																													2,148,703,000	2,122,223,000	2,349,865,000	2,344,961,000	2,287,305,000		2,383,596,000	2,314,035,000	2,317,809,000	2,301,433,000	2,324,356,000	2,096,996,000		1,908,912,000	2,136,742,000
marketable securities and investments																														7,269,000	8,402,000	4,255,000	4,200,000	4,268,000	4,139,000	4,013,000	3,950,000	3,844,000	3,738,000	3,609,000	3,528,000	3,493,000	3,398,000	3,579,000	3,577,000	3,520,000	3,414,000	3,448,000	3,333,000	3,263,000	3,104,000	2,975,000	2,952,000	2,752,000	2,750,000	2,632,000	2,665,000	2,499,000	2,337,000	2,575,000	2,556,000	2,464,000	2,330,000	15,666,000	61,781,000	61,608,000		60,174,000
revolving loan																																	120,000,000	165,000,000	135,000,000	125,000,000	120,000,000	225,000,000	130,000,000																													20,000,000	20,000,000	20,000,000	20,000,000								10,000,000
deferred rent and other liabilities																																	96,920,000
march 31, 2018, june 30, 2017 and march 31, 2017, respectively																																	-685,552,000
prepaid expenses and other																																		75,972,000	66,511,000	42,736,000	44,274,000	62,315,000	40,814,000	36,760,000	36,754,000	41,551,000	47,939,000	53,092,000	57,822,000	44,338,000	30,272,000	34,808,000	39,665,000	42,625,000	51,083,000	49,685,000	40,414,000	39,205,000	40,534,000	39,874,000	42,389,000	42,485,000	41,139,000	33,476,000	31,030,000	27,517,000	30,784,000	32,627,000	32,645,000	32,504,000	32,602,000	28,756,000	33,033,000	33,903,000	28,279,000	31,779,000	20,698,000	22,456,000	18,361,000	18,207,000	15,196,000	21,255,000	22,463,000	16,458,000
other assets:
total other assets																																		1,322,574,000	1,365,842,000	1,354,002,000	1,390,955,000	1,373,474,000	1,386,254,000	1,057,128,000	1,008,951,000	973,073,000	888,292,000	927,262,000	936,133,000	852,098,000	846,341,000	864,708,000	858,858,000	855,325,000	863,838,000	837,410,000	899,998,000	903,938,000	906,608,000	878,525,000	900,284,000	870,644,000	950,911,000	757,609,000	744,749,000	743,872,000	743,610,000	740,042,000	739,632,000	741,426,000	743,900,000	741,282,000	763,326,000	765,105,000	745,781,000	453,453,000	458,488,000	394,034,000	365,947,000	365,801,000	369,422,000	370,646,000	369,157,000	371,483,000
other liabilities:
deferred rent and other																																		101,232,000	98,718,000	101,672,000	104,492,000	106,792,000	112,026,000	118,025,000	108,349,000	109,701,000	99,085,000	101,762,000	103,920,000	90,533,000	86,022,000	93,117,000	89,095,000	91,054,000	88,175,000	82,576,000	92,037,000	107,333,000	101,946,000	96,496,000	91,415,000	71,001,000	67,851,000	68,772,000	62,130,000	58,286,000	55,638,000	56,216,000	51,059,000	39,254,000	38,909,000	40,257,000	29,274,000	30,463,000	29,342,000	25,619,000	28,158,000	25,839,000	26,289,000	13,028,000	14,855,000	14,698,000	14,519,000	13,448,000
total other liabilities																																		386,539,000	268,473,000	261,384,000	254,720,000	364,244,000	272,795,000	147,961,000	154,879,000	147,453,000	150,321,000	157,854,000	175,073,000	138,872,000	136,574,000	141,038,000	143,669,000	150,995,000	152,025,000	142,679,000	150,391,000	171,279,000	169,675,000	158,772,000	155,108,000	135,571,000	143,341,000	137,801,000	126,004,000	102,200,000	100,945,000	99,584,000	99,340,000	91,044,000	90,275,000	112,152,000	118,229,000	116,960,000	93,305,000	51,675,000	46,081,000	46,234,000	39,639,000	36,272,000	31,810,000	32,446,000	40,789,000	96,606,000
3
perkins program fund																																			13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000	13,450,000
accrued expenses																																			89,686,000	99,243,000	96,015,000	102,154,000	96,863,000	103,379,000	88,754,000	83,763,000	82,066,000	85,103,000	74,073,000	69,427,000	64,957,000	70,891,000	64,723,000	69,259,000	82,496,000	74,451,000	76,442,000	71,466,000	69,731,000	76,243,000	56,328,000	37,217,000	50,128,000	47,097,000	45,338,000	54,775,000	79,399,000	53,565,000	55,019,000	65,605,000	63,440,000	39,162,000	48,923,000	41,470,000	42,966,000	31,175,000	36,196,000	31,312,000	41,491,000	32,737,000	35,771,000	29,059,000	45,268,000	27,639,000
total liabilities, noncontrolling interest and
shareholders' equity																																									2,115,897,000
december 31, 2015, june 30, 2015 and december 31, 2014, respectively																																										-504,158,000
total liabilities and equity																																													2,148,677,000	1,967,866,000	2,134,627,000
deferred and advance tuition																																														66,356,000	234,884,000	99,160,000	194,560,000	97,725,000	243,353,000
current assets of divested business
other assets of divested business
non-controlling interest																																															6,617,000	6,393,000	6,189,000	5,975,000	5,890,000	854,000	9,017,000	8,901,000	8,637,000	8,242,000	8,168,000	7,632,000	7,176,000	6,755,000	6,466,000	6,035,000	5,633,000	5,007,000	4,518,000	4,104,000	3,739,000
current liabilities of divested business
other liabilities of divested business
land, building and equipment of divested business
refundable income taxes																																																		6,969,000	618,000	154,000	657,000	23,827,000	34,651,000	40,278,000
current assets of business held for sale																																																			5,053,000	16,219,000
land, building and equipment of business held for sale
other assets of business held for sale																																																			1,509,000	5,787,000
current liabilities of business held for sale																																																				713,000
other liabilities of business held for sale																																																				112,000
advance tuition payments																																																				27,135,000	17,226,000	32,159,000	20,930,000	20,580,000	23,257,000	19,701,000	18,135,000	22,362,000	22,435,000	21,531,000	19,653,000	20,930,000	24,170,000	70,298,000	26,661,000	27,642,000	26,413,000	44,443,000	19,964,000	16,972,000	21,405,000	10,804,000	14,828,000	14,402,000	12,311,000	7,367,000	18,699,000	16,584,000
deferred tuition revenue																																																				70,343,000	180,498,000	109,191,000	237,830,000	77,551,000	349,200,000	259,967,000	250,830,000	75,532,000	398,452,000	260,001,000	245,269,000	86,627,000	366,113,000	223,615,000	217,874,000	74,664,000	276,104,000	181,616,000	173,953,000	40,877,000	195,869,000	124,539,000	122,415,000	37,348,000	167,064,000	119,950,000	103,745,000	31,769,000
accumulated other comprehensive income																																																				-17,101,000	-5,934,000	-6,696,000	-5,412,000	-5,889,000	3,163,000	4,458,000	5,348,000	15,729,000	13,662,000	13,623,000	12,704,000	9,896,000	9,995,000	11,547,000	11,131,000	7,157,000	737,000											-424,000
land, buildings and equipment:
buildings																																																					389,345,000	388,259,000	389,306,000		382,972,000	366,102,000	352,043,000		302,843,000	297,519,000	288,858,000		283,367,000	270,727,000	255,645,000	250,542,000	237,581,000	235,640,000	231,812,000	216,048,000	200,617,000	206,003,000	201,884,000	218,836,000	214,517,000	212,171,000	209,668,000	222,059,000
land, buildings and equipment																																																					569,963,000	559,357,000	567,659,000		546,550,000	524,908,000	515,785,000		437,956,000	414,959,000	398,520,000		372,012,000	345,757,000	323,377,000	307,571,000	277,738,000	264,830,000	260,648,000	239,315,000	222,831,000	234,041,000	232,864,000	259,327,000	257,564,000	256,651,000	257,241,000	272,926,000
total liabilities and shareholders’ equity																																																					2,017,986,000	1,914,066,000	2,020,320,000	1,838,616,000	2,112,202,000	1,924,332,000	2,011,927,000	1,850,503,000	2,070,427,000	1,834,583,000	1,822,905,000	1,627,826,000	1,880,227,000	1,665,818,000	1,628,478,000	1,434	1,590,869,000	1,454,887,000	1,398,756,000	1,018,356,000	1,115,892,000				947,161,000	919,801,000	940,122,000	872,482,000
land, buildings and equipment: - sum																																																						974,407,000	960,801,000		921,454,000	920,239,000	891,626,000		792,667,000	769,312,000	738,085,000		731,993,000	698,744,000	663,535,000	643,460,000	609,870,000	590,282,000	577,272,000	553,921,000	530,832,000	535,403,000	525,306,000	556,069,000	548,219,000	539,109,000	532,064,000	544,232,000
shareholders’ equity
68,635,000 shares issued and outstanding at june 30, 2012 and 2011, respectively																																																								741,000
current portion of debt																																																																	44,757,000	44,732,000	104,841,000	104,811,000	115,063,000	135,124,000	145,876,000							50,000,000	75,000,000	60,000,000
accumulated depreciation and amortization																																																																	-359,981,000	-352,987,000	-340,158,000	-335,889,000	-332,132,000	-325,452,000	-316,624,000	-314,606,000	-308,001,000	-301,362,000	-292,442,000	-296,742,000	-290,655,000	-282,458,000	-274,823,000	-271,306,000
investments																																																																					57,461,000	57,757,000
marketable securities																																																																			61,253,000		1,743,000	1,861,000	2,136,000	2,308,000	2,345,000	142,144,000	72,745,000
minority interest																																																																				3,188,000
accrued postemployment agreements																																																																								3,893,000	4,114,000	4,342,000	4,661,000	4,901,000	5,144,000	5,341,000	5,565,000	5,594,000
inventories																																																																									63,000	142,000	113,000	141,000	125,000	118,000	129,000	133,000
total liabilities and shareholders’equity																																																																										996,332,000	952,540,000	844,113,000
senior notes																																																																																65,000,000
the accompanying notes are an integral part of these consolidated financial statements.intangible assets																																																																														60,150,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2008-09-30	2008-06-30	2007-12-31	2007-09-30	2007-06-30	2006-12-31	2006-09-30

operating activities:
net income	41,637,000	76,376,000	61,832,000	54,212,000	60,832,000	75,856,000	46,165,000	49,419,000	36,821,000	39,891,000	10,646,000	22,244,000	44,778,000	24,144,000	2,192,000	8,014,000	349,842,000	17,853,000	-58,004,000	8,937,000	24,550,000	23,149,000	19,839,000	-256,162,000	150,712,000	5,420,000	14,252,000	49,794,000	37,866,000	17,506,000	-9,585,000	62,875,000	39,288,000	-80,782,000	12,916,000	43,354,000	40,022,000	14,755,000	25,149,000	-9,601,000	51,930,000	-50,471,000	5,386,000	30,256,000	47,204,000	42,802,000	20,437,000	37,936,000	55,544,000	48,408,000	-7,177,000	-31,366,000	57,160,000	51,224,000	31,822,000	8,485,000	67,304,000	9,280,000	57,312,000	75,688,000	92,909,000	88,872,000	73,361,000	71,902,000	127,161,000	54,571,000	37,032,000	77,695,000	34,830,000	24,566,000	62,648,000	26,835,000	15,947,000	37,317,000	20,920,000
loss from discontinued operations			-770,000				80,000	1,181,000	620,000	-2,178,000	1,313,000	1,306,000	3,961,000			-5,550,000	-343,985,000	-15,367,000	17,370,000	3,924,000	5,157,000	8,439,000	7,607,000	327,557,000	2,719,000	-4,117,000	3,156,000	2,266,000	-1,653,000	35,123,000	4,707,000		5,225,000											0				102,000	607,000	920,000	15,328,000
income from continuing operations	57,982,000	76,171,000	61,062,000	54,462,000	60,794,000	71,176,000	46,245,000	50,600,000	37,441,000	37,713,000	11,959,000	23,550,000	48,739,000	23,617,000	5,846,000	2,464,000	5,857,000	2,486,000	-40,634,000	12,861,000	29,707,000	31,588,000	27,446,000	71,395,000	153,431,000
adjustments to reconcile net income to net cash from operating activities:
stock-based compensation	9,571,000	13,239,000	8,293,000	10,409,000	10,263,000	11,467,000	9,451,000
amortization and impairments to operating lease assets				7,213,000	11,238,000	7,144,000	6,948,000	7,936,000	7,365,000	8,575,000	8,765,000	10,542,000	9,316,000	8,904,000	19,708,000
depreciation	11,377,000	10,954,000	10,296,000	10,435,000	10,274,000	10,190,000	9,803,000	7,570,000	11,392,000	10,936,000	9,778,000	9,957,000	10,157,000	10,656,000	10,805,000	11,103,000	11,341,000	10,580,000	11,550,000	9,733,000	9,540,000	9,350,000	8,975,000	8,655,000	8,549,000	8,831,000	8,393,000	11,271,000	11,161,000	10,555,000	10,042,000	4,939,000	13,482,000	7,893,000	16,972,000	18,260,000	18,361,000	18,091,000	17,476,000	20,051,000	19,979,000	19,693,000	19,677,000	22,882,000	20,764,000	20,914,000	20,448,000	21,198,000	20,822,000	20,739,000	19,980,000	19,394,000	21,498,000	21,729,000	20,490,000	20,637,000	19,553,000	19,446,000	17,513,000	14,744,000	14,968,000	14,600,000	13,721,000	12,844,000	25,124,000	11,993,000	10,345,000	19,200,000	8,825,000	8,811,000	17,263,000	8,405,000	9,153,000	17,365,000	8,392,000
amortization of acquired intangible assets	2,805,000	2,805,000	2,805,000	2,805,000	2,805,000	2,805,000	2,805,000
amortization and write-off of debt discount and issuance costs	4,407,000	1,409,000	1,145,000					1,113,000	2,240,000	1,155,000	1,155,000	1,155,000	1,155,000	2,592,000	4,227,000	8,173,000
provision for bad debts	17,422,000	16,548,000	14,883,000	16,383,000	18,135,000	14,999,000	13,720,000	17,434,000	12,717,000	12,798,000	10,226,000	9,608,000	9,116,000			7,589,000	6,975,000	6,248,000	6,329,000	3,235,000	2,961,000	3,654,000	1,723,000	3,197,000	1,519,000	5,882,000	5,554,000	7,938,000	4,771,000	3,450,000	2,982,000
deferred income taxes	7,403,000	3,502,000	54,413,000	-1,581,000	-3,522,000	7,060,000	16,456,000	15,723,000	-4,307,000	-2,508,000	2,165,000	-3,369,000	-1,473,000	-2,874,000	2,629,000	-3,969,000	12,756,000	1,521,000	-10,852,000	4,847,000	-2,745,000	-4,929,000	4,346,000	-6,372,000	-307,000	-860,000	2,991,000	-2,956,000	793,000	15,009,000	7,915,000	-15,157,000	3,304,000	-1,148,000	2,406,000	6,988,000	-12,118,000	7,402,000	3,328,000	-27,855,000	3,200,000	-16,977,000	-16,000	87,000	6,472,000	-356,000	-2,640,000	-16,730,000	-3,084,000	2,821,000	-1,122,000	-4,951,000	-4,777,000	-3,775,000	5,792,000	-5,003,000	-3,392,000	-11,021,000	9,256,000	7,746,000	18,167,000	-1,775,000	-172,000	-4,742,000	-889,000	581,000	261,000	-503,000	-923,000	9,990,000	-3,632,000	-6,785,000	7,326,000	-1,848,000	-3,652,000
loss on disposals and impairments of property and equipment	601,000	2,000	2,000	5,000
gain on investments	249,000	-130,000	-680,000		174,000
changes in assets and liabilities:
accounts and financing receivables	-29,546,000	15,965,000	-62,690,000	-207,000	-34,120,000	10,310,000	-56,803,000	-2,694,000
prepaid expenses and other current assets	2,533,000	26,412,000	-29,841,000	-181,000	-1,102,000	14,218,000	-7,389,000	-6,297,000	-341,000	3,389,000	-5,532,000	2,290,000	6,807,000	1,829,000	-1,602,000	-2,962,000	33,217,000	-6,115,000	-23,571,000	-10,737,000	-12,915,000	7,252,000	-1,735,000	-489,000	2,322,000	-5,799,000	-13,646,000
cloud computing implementation assets	-2,956,000	-2,319,000	-4,812,000	-10,864,000	-7,888,000	-6,183,000	-7,888,000
accounts payable	-11,129,000	-2,856,000	1,378,000	10,118,000	24,610,000	-26,080,000	-8,508,000	7,489,000	3,017,000	10,694,000	-2,870,000	9,380,000	-947,000	5,647,000	7,586,000	-9,987,000	2,567,000	-34,886,000	26,582,000	8,634,000	-2,805,000	612,000	2,089,000	12,155,000	2,411,000	-13,340,000	-7,566,000	13,491,000	-5,983,000	911,000	780,000	12,407,000	126,000	-11,676,000	9,107,000	16,710,000	-2,780,000	-9,458,000	-3,717,000	2,519,000	-2,874,000	-5,954,000	-3,303,000	4,552,000	2,797,000	-12,444,000	15,925,000	-2,350,000	-8,125,000	4,926,000	2,666,000	2,398,000	-6,669,000	-1,435,000	-991,000	9,746,000	1,794,000	-14,266,000	1,145,000	-177,000	1,553,000	-12,345,000	-15,839,000	1,216,000	-349,000	15,054,000	2,750,000	-31,143,000	9,091,000	33,470,000	2,652,000	-1,509,000	8,000	-6,699,000	-5,364,000
accrued payroll and benefits	21,994,000	1,229,000	-24,359,000	3,738,000	21,717,000	1,190,000	-21,501,000	3,751,000	21,744,000	2,809,000	-8,882,000	-3,964,000	12,426,000	-12,552,000	-11,593,000	9,953,000	3,373,000	-2,826,000	-23,768,000	13,985,000	11,493,000	7,509,000	-17,341,000	8,464,000	1,285,000
accrued liabilities	-2,847,000	4,966,000	-12,287,000	-5,499,000	18,617,000	-20,599,000	-8,467,000	-12,326,000	14,618,000	11,360,000	13,770,000	20,516,000	-15,426,000	4,161,000	-9,010,000	76,223,000	-82,004,000	14,566,000	-25,090,000	21,091,000	6,891,000	2,201,000	-443,000	2,333,000	-3,894,000
deferred revenue	97,240,000	-140,000,000	109,082,000	-31,808,000	78,109,000	-118,184,000	106,156,000	-20,313,000	74,475,000	-112,198,000	98,658,000	-20,231,000	55,220,000	-111,580,000	82,398,000	-22,736,000	43,229,000	-110,417,000	154,999,000	-15,973,000	19,270,000	-70,853,000	76,664,000	-28,458,000	68,634,000	-117,120,000	72,589,000	-25,777,000	71,271,000	-134,205,000	78,622,000	-22,237,000	60,189,000	-138,248,000	103,678,000	-60,893,000	81,877,000	-128,046,000	109,348,000	-69,981,000	92,029,000	-147,006,000	133,820,000
operating lease liabilities	-6,634,000	-4,444,000	-4,317,000	-6,953,000	-7,245,000	-3,362,000	-7,232,000	-8,244,000	-8,007,000	-10,388,000	-10,053,000	-21,430,000	-11,835,000	-13,002,000	-12,921,000	-12,988,000	-13,132,000	-9,305,000	-13,722,000	-12,226,000	-12,692,000	-12,262,000	-12,700,000	-12,098,000	-14,079,000	-13,868,000	-13,681,000
other assets and liabilities	-764,000	-1,164,000	-960,000	772,000	-180,000	-1,052,000	-4,836,000	-7,252,000	9,126,000	-4,687,000	-6,914,000	-3,133,000	-758,000	-6,248,000	-7,406,000	-4,040,000	1,117,000	-20,506,000	-4,125,000	-5,974,000	2,033,000	1,730,000	-13,535,000	-12,958,000	-4,311,000	1,000,000	1,270,000
net cash from operating activities-continuing operations	186,301,000	29,484,000	130,629,000	59,921,000	207,856,000	-23,610,000	89,567,000	41,558,000	163,740,000	-7,657,000	90,726,000	55,863,000	107,545,000	-49,248,000	91,524,000	105,428,000	77,365,000	-59,884,000	40,916,000	55,953,000	81,919,000	632,000	84,654,000	57,879,000	115,982,000	-57,597,000	33,301,000	81,842,000	113,481,000	-42,561,000	73,687,000	73,272,000	105,087,000							11,880,000				-6,260,000	117,218,000	-48,754,000	141,063,000	2,057,000	150,695,000	-29,179,000	142,497,000
net cash from operating activities-discontinued operations	-135,000	260,000	-80,000	-229,000	54,000	4,591,000	-251,000	-988,000	-1,119,000	556,000	8,959,000	-2,372,000	458,000	-732,000	-130,000	-146,486,000	-26,977,000	20,114,000	-52,000	-7,917,000	-1,149,000	-17,166,000	-4,727,000	-55,718,000	3,223,000	-3,545,000	14,167,000	-5,519,000	-7,967,000	-12,432,000	4,327,000	-17,347,000	28,564,000
net cash from operating activities	186,166,000	29,744,000	130,549,000	59,692,000	207,910,000	-19,019,000	89,316,000	40,570,000	162,621,000	-7,101,000	99,685,000	53,491,000	108,003,000	-49,980,000	91,394,000	-41,058,000	50,388,000	-39,770,000	40,864,000	48,036,000	80,770,000	-16,534,000	79,927,000	2,161,000	119,205,000	-61,142,000	47,468,000	76,323,000	105,514,000	-54,993,000	78,014,000	55,925,000	133,651,000	-40,724,000	90,337,000	58,511,000	134,534,000	-62,849,000	97,768,000	11,880,000	143,170,000	-40,062,000	116,581,000	-6,260,000	117,058,000	-48,754,000	141,063,000	2,352,000	150,088,000	-28,099,000	141,220,000	-20,918,000	102,218,000	16,083,000	164,122,000	-77,707,000	135,833,000	32,660,000	186,636,000	-77,241,000	211,298,000	77,954,000	195,979,000	-89,780,000	267,264,000	177,206,000	-38,406,000	138,773,000	96,818,000	-6,676,000				94,316,000	50,152,000
investing activities:
capital expenditures	-20,235,000	-14,624,000	-16,023,000	-18,990,000	-10,243,000	-10,680,000	-10,414,000	3,121,000	-21,686,000	-15,282,000	-15,046,000	-17,952,000	-9,309,000	-4,196,000	-5,551,000	-8,805,000	-7,477,000	-7,448,000	-7,324,000	-13,820,000	-10,669,000	-9,732,000	-14,443,000	-12,203,000	-11,623,000	-9,875,000	-10,436,000	-13,898,000	-15,498,000	-20,205,000	-15,150,000	-13,877,000	-20,059,000	-18,699,000	-13,895,000	-16,465,000	-12,123,000	-9,088,000	-11,318,000	-18,392,000	-9,956,000	-18,295,000	-22,753,000	-24,406,000	-21,240,000	-21,909,000	-21,152,000	-31,746,000	-14,183,000	-11,246,000	-22,180,000	-32,446,000	-31,144,000	-21,948,000	-26,237,000	-36,888,000	-29,140,000	-29,207,000	-33,820,000	-44,427,000	-37,636,000	-30,653,000	-23,010,000	-29,410,000	-61,629,000	-26,482,000	-23,336,000	-25,208,000	-10,638,000	-25,414,000				-16,202,000	-7,761,000
free cash flows	165,931,000	15,120,000	114,526,000	40,702,000	197,667,000	-29,699,000	78,902,000	43,691,000	140,935,000	-22,383,000	84,639,000	35,539,000	98,694,000	-54,176,000	85,843,000	-49,863,000	42,911,000	-47,218,000	33,540,000	34,216,000	70,101,000	-26,266,000	65,484,000	-10,042,000	107,582,000	-71,017,000	37,032,000	62,425,000	90,016,000	-75,198,000	62,864,000	42,048,000	113,592,000	-59,423,000	76,442,000	42,046,000	122,411,000	-71,937,000	86,450,000	-6,512,000	133,214,000	-58,357,000	93,828,000	-30,666,000	95,818,000	-70,663,000	119,911,000	-29,394,000	135,905,000	-39,345,000	119,040,000	-53,364,000	71,074,000	-5,865,000	137,885,000	-114,595,000	106,693,000	3,453,000	152,816,000	-121,668,000	173,662,000	47,301,000	172,969,000	-119,190,000	205,635,000	150,724,000	-61,742,000	113,565,000	86,180,000	-32,090,000				78,114,000	42,391,000
proceeds from sales of marketable securities	209,000	2,005,000	100,000	0	694,000	239,000	2,187,000	1,106,000												334,000	822,000	551,000	1,014,000	1,257,000	870,000
purchases of marketable securities	-209,000	-2,004,000	-100,000	0	-500,000	-240,000	-1,308,000	-191,000	0	-198,000	-300,000	0								-8,331,000	-801,000	-650,000	-963,000	-1,260,000	-1,002,000	-461,000	-292,000	-251,000	-780,000
payment for investment in business	0
net cash from investing activities	-20,235,000	-19,623,000	-16,023,000	-11,656,000	-10,049,000	-10,681,000	-9,535,000	4,036,000	-21,686,000	-15,254,000	-14,946,000	-17,952,000	43,618,000	-6,559,000	-6,362,000	-10,689,000	964,087,000	-15,912,000	-1,489,113,000	-21,817,000	-10,648,000	-9,831,000	-14,392,000	411,930,000	-12,973,000	-10,689,000	-5,745,000	-133,535,000	-15,789,000	-44,093,000	-20,419,000	-22,020,000	-24,303,000	-11,219,000	-13,908,000	-16,476,000	-12,132,000	-8,648,000	-342,398,000	-15,406,000	14,824,000	-188,945,000	-25,880,000	-24,417,000	-84,715,000	-25,587,000	-21,163,000	-32,919,000	-14,201,000	-9,343,000	-27,870,000	-41,649,000	-31,330,000	-23,870,000	-55,783,000	-42,102,000	-53,395,000	-22,855,000	-261,658,000	-47,464,000	-38,272,000	-30,702,000	-9,548,000	16,558,000	-61,675,000	-26,501,000	-51,167,000		-296,905,000	-26,162,000				18,576,000	27,017,000
financing activities:
proceeds from exercise of stock options	0	0	131,000	19,000	175,000	335,000	9,498,000	1,677,000	99,000	14,763,000	550,000	1,003,000	200,000	181,000	1,241,000	446,000	233,000	515,000	7,685,000	568,000	833,000	1,000	55,000	1,485,000	248,000	1,200,000	828,000	169,000	41,000	6,292,000	10,492,000	1,264,000	12,975,000	7,698,000	1,884,000	7,285,000	6,606,000	7,434,000	6,350,000	66,000	0	31,000	240,000	2,814,000	634,000	2,114,000	3,266,000	4,246,000	2,660,000	2,379,000	1,197,000	3,202,000	635,000	109,000	1,030,000	93,000	2,517,000	943,000	2,581,000	6,017,000	2,108,000	544,000	429,000	3,409,000	3,739,000	1,148,000	1,109,000	7,764,000	2,078,000	2,216,000	11,315,000	2,394,000	8,208,000	2,098,000	658,000
employee taxes paid on withholding shares	-89,000	-2,866,000	-39,119,000	-1,743,000	-259,000	-1,481,000	-10,717,000	-1,131,000	-95,000	-854,000	-5,651,000	-378,000	-106,000	-622,000	-3,486,000	-107,000	-209,000	-290,000	-2,228,000	-62,000	-71,000	-152,000	-3,921,000	-170,000	-83,000	-187,000	-5,045,000	-274,000	-126,000	-1,213,000	-5,188,000	-341,000	-56,000	-320,000	-3,486,000
proceeds from stock issued under colleague stock purchase plan	490,000	404,000	411,000	360,000	355,000	269,000	298,000	229,000	222,000	169,000	190,000	157,000	162,000	157,000	132,000	135,000	156,000	130,000	114,000	102,000	77,000	52,000	31,000					0	109,000	153,000	159,000	218,000	194,000	196,000	195,000	230,000	196,000	228,000	211,000	278,000	317,000	279,000	279,000
repurchases of common stock for treasury	-67,504,000	-164,767,000	-7,595,000	-66,689,000	-72,370,000	-40,876,000	-33,190,000	-11,503,000	-89,914,000	-70,072,000	-90,477,000	-78,423,000				0				-18,432,000	-36,605,000			0	-36,870,000
borrowings under long-term debt obligations	617,450,000
repayments under long-term debt obligations	-618,283,000
payment of debt issuance and extinguishment costs
net cash from financing activities	-75,732,000	-217,666,000	-49,505,000	-68,053,000	-172,099,000	-41,753,000	-34,111,000	-10,728,000	-139,688,000	-55,994,000	-95,388,000	-77,641,000	-44,454,000	-63,446,000	-102,974,000	-391,572,000	-548,277,000	355,000	515,018,000	-18,574,000	747,159,000	-47,534,000	-4,585,000	-159,964,000	-3,610,000	24,214,000	-116,749,000	33,055,000	-63,004,000	-52,652,000	-54,932,000	145,109,000	-52,953,000	-6,855,000	-48,097,000	-6,317,000	-112,796,000	83,124,000	124,788,000	-24,936,000	-9,965,000	-20,053,000	-10,667,000	-15,732,000	-11,658,000	-18,216,000	-3,007,000	-8,991,000	-1,358,000	-8,179,000	-616,000	-16,221,000	-9,019,000	-23,338,000	-33,983,000	-33,424,000	-38,794,000	-46,347,000	-49,453,000	-24,589,000	-34,458,000	-38,450,000	-42,692,000	-59,392,000	-96,745,000	-35,814,000	-39,382,000	156,913,000	165,432,000	-473,000				-72,457,000	-39,107,000
net decrease in cash, cash equivalents and restricted cash	90,199,000			-20,017,000	25,762,000			33,878,000	1,247,000	-78,349,000	-10,649,000		107,167,000	-119,985,000	-17,942,000										77,752,000
cash, cash equivalents and restricted cash at beginning of period	0	0	201,164,000	0	0	0	221,202,000	0	0	0	275,075,000	0	0	0	347,937,000	0	0	0	1,313,616,000	0	0	0	501,105,000	0	0	0	300,467,000	0	0	0	444,405,000		0	0	251,096,000
cash, cash equivalents and restricted cash at end of period	90,199,000	-207,545,000	266,185,000	-20,017,000	25,762,000	-71,453,000	266,872,000	33,878,000	1,247,000	-78,349,000	264,426,000	-42,102,000	107,167,000	-119,985,000	329,995,000	-443,331,000	466,174,000	-55,221,000	380,315,000	7,836,000	817,059,000	-73,396,000	562,117,000	248,566,000	77,752,000	-43,904,000	218,691,000	-21,135,000	25,983,000	-149,870,000	445,489,000		56,724,000	-61,606,000	281,193,000
non-cash investing and financing activities:
accrued capital expenditures	2,679,000	5,011,000	4,727,000	-3,184,000	7,325,000	892,000	4,193,000	-2,368,000	2,024,000	-155,000	9,217,000	-2,271,000	5,265,000	496,000	4,713,000
accrued liability for repurchases of common stock					4,479,000	-400,000	800,000		595,000	-1,200,000	3,600,000	296,000
accrued excise tax on share repurchases	650,000	-541,000	1,630,000	575,000	754,000	-2,958,000	3,259,000	81,000	899,000	430,000	1,928,000	765,000
accrued debt issuance and extinguishment costs
income from discontinued operations					-38,000
amortization of operating lease assets		7,195,000	7,216,000
payment of debt issuance costs		-437,000	-3,333,000																	0	-16,325,000
proceeds from issuance of long-term debt				0	0	0	9,873,000	0
repayments of long-term debt				0	-100,000,000	0	-9,873,000	0				0	0	-50,000,000	-100,861,000	-392,046,000	-396,667,000	0	-291,000,000	-750,000
net increase in cash, cash equivalents and restricted cash			65,021,000				45,670,000									-443,331,000			-933,301,000	7,836,000			61,012,000				-81,776,000	-21,135,000			1,084,000	168,094,000			30,097,000
accrued debt issuance costs			437,000
gain on extinguishment of debt												0	0	0	-71,000
loss on investments							-613,000	-84,000	-706,000	-1,022,000	447,000	-433,000
gain on sale of assets												0
loss on assets held for sale
proceeds from sale of assets																								0	0	0	6,421,000
proceeds from note receivable related to property sold												0
net cash from investing activities-continuing operations								4,036,000	-21,686,000	-15,254,000	-14,946,000	-17,952,000	43,618,000	-4,196,000	-5,551,000	-8,805,000	2,523,000			-21,817,000	-10,648,000	-9,831,000	-14,392,000	98,517,000	-11,755,000	-9,832,000	-4,017,000	-132,342,000	-15,789,000	5,499,000	-19,302,000	-18,891,000	-23,137,000															-32,919,000	-14,201,000	-9,343,000	-27,870,000
payment for working capital adjustment for sale of business												0	0	-2,363,000	-811,000
payment on equity forward contract												0	0
supplemental cash flow disclosure:
interest paid
income taxes paid
settlement of financing liability with assets												0
amortization of debt discount and issuance costs					2,769,000	1,113,000	1,113,000											2,127,000	17,858,000
unrealized loss on assets held for sale								0	0																											0	0											0	0				0
loss on disposals of property and equipment						7,000	107,000
loss on disposals, accelerated depreciation, and impairments to property and equipment								416,000	12,000	0	38,000	0	516,000	0	3,483,000
payment for purchase of business, net of cash and restricted cash acquired																0	0	-6,265,000	-1,481,789,000
cash received on devry university loan																0
net cash from investing activities-discontinued operations																0	-1,088,000							-105,000	-1,218,000	-857,000	-1,728,000	0	0	-716,000	-1,117,000	-3,129,000	-1,166,000
proceeds from sale of business, net of cash transferred																-1,884,000
payment of debt discount and issuance costs																0	0	0	-49,553,000
payment for purchase of redeemable noncontrolling interest of subsidiary																0								0	0
stock-based compensation expense									5,900,000	6,050,000	7,455,000	3,391,000	2,795,000	1,968,000	6,145,000	4,007,000	4,673,000	4,025,000	9,906,000	2,628,000	3,595,000	3,648,000	4,004,000	3,256,000	2,781,000	3,324,000	5,223,000	2,848,000	3,009,000	3,223,000	4,137,000	2,982,000	2,737,000	3,795,000	4,985,000	3,308,000	3,959,000	3,583,000	5,750,000	8,379,000	3,777,000	3,974,000	6,238,000	4,005,000	3,905,000								3,720,000	2,654,000	5,716,000		4,037,000	3,955,000	4,899,000		2,873,000	3,069,000	5,250,000
amortization of intangible assets									8,286,000	9,333,000	10,677,000	12,303,000	14,232,000	16,176,000	18,528,000	23,307,000	26,817,000	28,213,000	18,937,000	2,518,000	2,518,000	2,519,000	2,518,000				2,534,000	2,481,000	1,993,000	2,128,000	2,110,000	2,205,000
accounts receivable										7,687,000	-50,116,000	5,731,000	-18,300,000	8,174,000	-33,219,000	10,639,000	-6,755,000	42,524,000	-76,289,000	7,945,000	12,012,000	6,658,000	-13,356,000	7,082,000	-5,143,000	23,427,000	-38,206,000	-6,868,000	-22,261,000	27,737,000	-26,314,000	-4,713,000	-31,431,000	26,745,000	-33,895,000	-30,963,000	-36,023,000	12,148,000	-45,280,000	-7,905,000	-65,526,000	58,254,000	-76,472,000	-10,540,000	-79,627,000	54,654,000	-61,021,000	-674,000	-64,418,000	43,395,000	-60,565,000	15,033,000	-76,019,000	30,419,000	-93,881,000	122,733,000	-132,978,000	-21,368,000	-58,627,000	92,867,000	-93,938,000	-15,621,000	-68,248,000	19,525,000	-76,422,000	-75,885,000	59,678,000	-87,520,000	-86,442,000	56,630,000	-57,763,000	-47,401,000	40,381,000	-40,241,000	-43,544,000
proceeds from sale of marketable securities										226,000	400,000
other comprehensive income, net of tax:
gain on foreign currency translation adjustments
unrealized loss on available-for-sale marketable securities
unrealized gain on interest rate swap
comprehensive income before reclassification
reclassification adjustment for gain on available-for-sale marketable securities
reclassification adjustment for realized loss on foreign currency translation adjustments
reclassification adjustment for loss on interest rate swap
comprehensive income
comprehensive loss attributable to redeemable noncontrolling interest from discontinued operations
comprehensive income attributable to adtalem

reclassification adjustment from other comprehensive income
proceeds from long-term debt																0	0	0	850,000,000	0
effect of exchange rate changes on cash, cash equivalents and restricted cash																	-24,000	106,000	-70,000	191,000	-222,000	503,000	62,000	-5,561,000	-24,870,000
less: cash, cash equivalents and restricted cash of discontinued operations at end of period																	-47,177,000								-20,079,000	7,138,000	96,902,000				35,847,000		3,162,000
cash, cash equivalents and restricted cash of continuing operations at end of period												-42,102,000	107,167,000	-119,985,000	329,995,000	-442,058,000
decrease in redemption value of redeemable noncontrolling interest put option
loss on investment
loss (income) from discontinued operations															3,654,000
benefit from bad debts															5,991,000
amortization and adjustments to operating lease assets																9,497,000	10,830,000	11,897,000	12,524,000	11,505,000	12,818,000	12,418,000	14,639,000	22,347,000	11,060,000	8,505,000	12,804,000
loss on disposals, accelerated depreciation, and adjustments to property and equipment																1,227,000	2,008,000	-16,000	282,000	323,000	-4,000	107,000	1,486,000	4,417,000	-953,000
realized and unrealized gain on investments																						-1,006,000	-518,000
realized gain on sale of assets																								0	0	0	-4,779,000													-3,183,000								0	0	0	-1,918,000					0	0
gain on derivative
cash received on settlement of derivative
cash received on purchase price adjustment																								0	0
payment for purchase of equity forward contract																0
proceeds from down payment on seller loan																								0	0	0	5,200,000
net cash from financing activities-continuing operations																				-18,574,000	747,159,000	-47,534,000	-4,585,000	-159,418,000	-2,455,000	25,499,000	-116,269,000
net cash from financing activities-discontinued operations																								-546,000	-1,155,000	-1,285,000	-480,000
cash paid during the year for:
interest																																																546,000	497,000	668,000	30,000	335,000	261,000	264,000	263,000	313,000	262,000	241,000	239,000	220,000	93,000	71,000	70,000	183,000	553,000	269,000	322,000	1,057,000	51,000	58,000	231,000	177,000	52,000	4,014,000
income taxes																																																14,619,000	5,171,000	7,693,000	381,000	19,460,000	4,925,000	3,842,000	616,000	31,679,000	1,604,000	44,492,000	3,130,000	35,136,000	26,458,000	85,023,000	5,936,000	38,376,000	48,297,000	716,000	27,479,000	18,119,000	-6,868,000	17,387,000	32,679,000	6,392,000	188,000	17,219,000
amortization of debt issuance costs
impairment of intangible assets
realized and unrealized loss on investments																				-636,000				-1,124,000	1,548,000
insurance settlement gain																												0	0
insurance proceeds received for damage to buildings and equipment																												0	0
payment for purchase of businesses, net of cash acquired																																0	-3,069,000			0	0	503,000	-331,070,000	-3,287,000	0			0	-63,468,000			-1,227,000	0
loan to devry university																												0	0
cash and restricted cash transferred in divestitures of discontinued operations																												-1,193,000	0
increase in redemption value of noncontrolling interest put option																																		465,000	150,000	-810,000	-283,000			1,215,000	711,000	-955,000	-2,775,000
amortization of deferred debt issuance costs																					720,000	436,000	392,000				392,000	391,000	391,000	392,000	392,000	1,745,000
unrealized gain on derivative
unrealized loss on derivative
borrowings under credit facility																								0	65,000,000	130,000,000	30,000,000
repayments under credit facility																						-750,000	-750,000	-160,750,000	-30,750,000	-45,750,000	-100,750,000	-25,750,000	-750,000	-750,000	-750,000
amortization																								2,968,000	2,967,000									2,638,000	2,673,000	2,858,000	2,968,000	2,608,000	3,439,000	1,661,000	1,588,000	1,554,000	1,348,000	1,730,000	2,525,000	529,000	764,000	1,729,000	1,759,000	1,941,000	1,649,000	2,534,000	2,586,000	2,577,000	2,442,000	3,204,000	2,964,000	2,889,000	2,483,000	1,949,000	1,544,000	1,523,000	1,522,000	1,669,000	7,653,000	3,959,000	3,728,000	3,904,000	952,000	1,048,000	2,471,000	1,081,000	1,460,000	4,585,000	2,200,000
capital investment from noncontrolling interest
cash flow from operating activities:
loss on disposals, accelerated depreciation and adjustments to land, building and equipment																											1,053,000	1,373,000	2,614,000	2,670,000	39,205,000	1,552,000	-25,000	18,894,000	11,307,000	5,824,000	-600,000	3,551,000	418,000	1,346,000	-2,453,000	7,311,000	7,952,000
realized loss on investments																											11,000	14,000	85,000
unrealized gain on investments																											-33,000
accrued salaries, wages, benefits and liabilities																											-19,010,000	11,017,000	7,892,000	2,695,000	-15,153,000	25,980,000	-2,714,000
cash flows from investing activities:
sales of marketable securities																											290,000	216,000	489,000
cash flows from financing activities:
repurchase of common stock for treasury																											-40,255,000	-75,949,000	-60,970,000	-56,758,000	-59,175,000	-25,402,000	-18,448,000	-42,803,000	-50,375,000	-17,956,000	-14,171,000	-8,126,000	-8,255,000	-8,256,000	-7,868,000	-8,255,000	-8,255,000	-7,246,000	-7,131,000	-9,056,000	-2,485,000					-5,533,000	-9,786,000	-12,855,000	-25,712,000	-33,933,000	-32,127,000	-47,583,000	-44,450,000	-28,194,000	-29,001,000	-39,413,000	-36,332,000	-19,012,000	-16,316,000	-11,653,000	-17,981,000	-5,358,000		-4,259,000	-10,187,000	-5,402,000	-5,217,000
payment for purchase of noncontrolling interest of subsidiary																											-6,247,000
effects of exchange rate differences																											-6,750,000	3,022,000	-738,000	1,868,000	-1,579,000	-10,920,000	329,000	-2,808,000	1,765,000	-1,684,000	328,000	-699,000	695,000	6,412,000	3,992,000	-9,200,000	3,397,000	-2,684,000	1,465,000	-586,000	-1,973,000	931,000	252,000	-889,000	-1,334,000	-2,062,000	-134,000	-181,000	-867,000	-2,131,000	47,000	-627,000	248,000	-76,000	-1,335,000	-514,000	-447,000	419,000	-1,496,000	-850,000	-822,000	2,186,000	515,000	930,000	-667,000	-587,000	-684,000	328,000	1,000
non-cash investing and financing activity:
decrease in redemption value of noncontrolling interest put option																																							-66,000
prepaid expenses and other																												14,827,000	2,332,000	-15,306,000	-26,153,000	46,729,000	874,000	-9,149,000	-21,661,000	15,848,000	14,928,000	-27,247,000	-6,017,000	9,628,000	3,544,000	-14,028,000	8,894,000	1,009,000	-20,185,000	-9,851,000	9,311,000	8,045,000	8,765,000	4,501,000	-3,163,000	-26,547,000	-31,909,000	18,647,000	7,044,000	-31,944,000	428,000	848,000	-6,668,000	6,600,000	-9,660,000	5,086,000	-1,651,000	2,820,000	-8,834,000	-8,733,000	9,616,000	-592,000	5,835,000	-10,825,000	-4,507,000	704,000	-2,947,000	-7,531,000	-4,837,000
cash dividends paid																																				0	-2,000			-11,414,000	0			-11,591,000	0			-10,962,000	0	-10,927,000	-14,000	-10,822,000	0	-10,913,000	-9,794,000	61,000	-10,145,000	0	-8,285,000	0	-8,395,000	-17,000	-7,117,000	0	-5,716,000	-5,716,000	0	-4,282,000	-4,282,000	0	-3,557,000	-3,557,000	0
payments of seller financed obligations																												-141,000	-1,308,000	-376,000	-470,000	-854,000	-2,618,000	-1,626,000	-6,315,000	-876,000	-425,000	0	-3,518,000	-5,610,000	-2,414,000	-545,000	-2,931,000	0	-1,881,000	0	-4,097,000	-2,638,000
increase in redemption value of noncontrolling interest put options																												765,000	-130,000	-374,000	-241,000	-2,445,000
unrealized loss on investments																													-800,000
income taxes payable, long-term																																	0
marketable securities purchased																															-4,152,000	-14,000	-9,000	-123,000	-13,000	-11,000	-9,000	-63,000	-10,000	-11,000	-8,000	-73,000	-13,000	-11,000	-7,000	-129,000	-11,000	54,000	-83,000															-32,000	-39,000	-12,000	-14,000	-37,000	-13,000	-735,000	-264,122,000	-82,738,000
benefit from refunds and uncollectible accounts
purchase of noncontrolling interest of subsidiary																																								0	0	0	-3,114,000
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
less: cash, cash equivalents and restricted cash of discontinued operations at end of year
provision for refunds and uncollectible accounts																																	11,482,000	-995,000	21,300,000	20,306,000	22,497,000	22,232,000	22,481,000	20,306,000	21,109,000	20,007,000	20,594,000	21,407,000	22,852,000	25,052,000	20,575,000	29,583,000	21,649,000	19,455,000	17,819,000	18,125,000	21,338,000	20,563,000	20,531,000	17,870,000	24,463,000	27,298,000	21,297,000	17,208,000	22,935,000	24,231,000	26,368,000	17,108,000	46,215,000	23,779,000	19,292,000	34,056,000	15,985,000	9,684,000	28,080,000	14,725,000	12,056,000	26,440,000	13,308,000
borrowings under revolving credit facility																																	57,000,000	125,000,000	76,000,000	62,000,000	60,000,000	165,000,000	240,000,000																										70,000,000	40,000,000		210,000,000	120,000,000			25,000,000
repayments under revolving credit facility																																	-102,000,000	-95,000,000	-66,000,000	-57,000,000	-165,000,000	-70,000,000	-110,000,000																									0	-150,000,000	-60,000,000	-70,000,000	-100,000,000				-25,000,000	0
changes in assets and liabilities, net of effects from acquisition components:
accrued salaries, wages, benefits and expenses																																			-39,451,000	19,296,000	-4,851,000	18,065,000	-35,995,000	14,516,000	17,738,000	-9,836,000	-10,363,000	3,453,000	1,617,000	-9,233,000	-20,562,000	9,440,000	10,896,000	-31,263,000	7,984,000	10,264,000	22,322,000	-17,941,000	6,431,000	15,694,000	41,249,000	-42,288,000	-25,110,000	22,004,000	18,761,000	-48,395,000	13,367,000	14,296,000	424,000	12,173,000	1,880,000	5,525,000	2,706,000	-1,060,000	-7,403,000	-60,000	533,000	5,950,000	16,946,000
impairment of goodwill and intangible assets																																								48,187,000	0																0
changes in assets and liabilities, net of effects from acquisition and divestiture of components:
cash received on sale of assets																																								6,284,000				0	0			0	65,000	2,000,000	6,662,000
payment of debt refinancing fees
restricted cash																																					6,294,000	-5,297,000	1,388,000	3,812,000	2,978,000	-6,056,000	2,826,000	-1,085,000	876,000	1,523,000	-3,710,000	-324,000	3,850,000	-4,622,000	-232,000	132,000	-3,257,000	652,000	-2,048,000	10,696,000	17,605,000	-25,102,000	-3,389,000	5,070,000	1,730,000	2,034,000	-9,040,000	53,763,000	-49,250,000	-5,560,000	16,915,000	-27,712,000	-4,313,000	18,965,000	4,667,000	-6,729,000	43,565,000	-3,462,000	-9,566,000
net decrease in cash and cash equivalents																																					9,934,000																															-13,873,000
cash and cash equivalents at beginning of period																																					0	0	308,164,000		0	0	353,022,000		0	0	358,188,000		0	0	197,144,000		0	0	174,076,000		0	0	447,145,000		0	0	307,702,000		165,202,000	165,202,000		217,199,000	217,199,000					130,583,000	130,583,000
cash and cash equivalents at end of period																																					9,934,000	10,928,000	189,017,000		152,021,000	-258,260,000	436,453,000		22,150,000	-93,143,000	473,108,000		134,781,000	-46,510,000	308,544,000		61,735,000	-31,306,000	247,565,000		43,691,000	-37,169,000	322,918,000		137,233,000	8,288,000	450,994,000		272,550,000	279,243,000		203,326,000	183,059,000					171,346,000	168,646,000
net increase in cash and cash equivalents																																							-119,147,000	-22,050,000	152,021,000	-258,260,000	83,431,000	-49,093,000	22,150,000	-93,143,000	114,920,000	-38,627,000	134,781,000	-46,510,000	111,400,000	-80,850,000	61,735,000	-31,306,000	73,489,000	-155,364,000	43,691,000	-37,169,000	-124,227,000	-149,370,000	137,233,000	8,288,000	143,292,000	-132,195,000	107,348,000	114,041,000	-129,777,000		-34,140,000	-32,381,000				40,763,000	38,063,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
payment of debt financing fees																																																								0	0
loss on disposal and adjustments to land, building and equipment																																												462,000	3,882,000	2,377,000	53,000
proceeds from stock issued under employee stock purchase plan																																												338,000	192,000	365,000	309,000	363,000	301,000	369,000	339,000	422,000	522,000	269,000	487,000	418,000	506,000	404,000	388,000	427,000	372,000	344,000	317,000	241,000	470,000	238,000						182,000	253,000	398,000	227,000
payments of debt refinancing fees
less: cash and cash equivalents of discontinued operations at end of year
accretion (dilution) of noncontrolling interest put option
deferred and advance tuition																																													109,712,000	-168,729,000	135,961,000	-95,800,000	96,690,000
net cash used by operating activities- discontinued operations																																																295,000	-607,000	1,080,000	-1,277,000
accretion of noncontrolling interest put option																																													877,000	1,133,000	227,000
non-cash investing activity:
stock based compensation expense																																															5,522,000	4,013,000	3,812,000	4,044,000	5,816,000
loss on disposal of land, building and equipment																																																5,889,000	1,928,000
net cash from investing activities- discontinued operations
excess tax benefit from stock-based payments																																																					-390,000	52,000	6,000	-63,000	455,000	-41,000	313,000	451,000	458,000	92,000	11,000	727,000	1,157,000	139,000	221,000	2,095,000	420,000	1,336,000	1,210,000	167,000		47,000	8,000
declaration of cash dividend to be paid
changes in assets and liabilities, net of effects from acquisition and divestiture of businesses:
less: cash and cash equivalents of discontinued operations at end of period
supplemental disclosures of cash flow information:
cash paid during the period for:
accretion of non-controlling interest put option																																																	195,000	-168,000	5,081,000	-1,458,000	-223,000	-674,000	562,000	-326,000	363,000	41,000	593,000	-203,000	422,000	236,000	866,000	163,000	936,000	707,000
changes in assets and liabilities, net of effects from acquisition of businesses:
payments of seller financed debt																																																		0	-2,138,000
loss on disposal of land, buildings and equipment																																																			592,000
deferred and advanced tuition																																																			144,840,000
payment for purchase of business, net of cash acquired																																																			-12,343,000	0	0	-1,848,000	-29,538,000	-5,219,000	-24,247,000	1,925,000	-227,828,000									-286,500,000	-286,254,000		-27,454,000
impairment of goodwill and intangibles assets
refundable income taxes
advance tuition payments																																																				10,175,000	-14,943,000	11,280,000	136,000	-2,529,000	3,256,000	1,551,000	-3,930,000	-93,000	861,000	1,835,000	-1,312,000	-3,210,000	42,555,000	-1,058,000	1,193,000	22,716,000	-1,826,000	-4,439,000	-3,640,000	390,000	2,037,000	-9,186,000	2,115,000
deferred tuition revenue																																																				-110,105,000	71,307,000	-128,639,000	160,279,000	-272,676,000	89,233,000	9,543,000	170,518,000	-324,113,000	138,451,000	14,732,000	158,642,000	-279,486,000	148,951,000	143,210,000	-201,440,000	116,627,000	108,964,000	-154,992,000	84,674,000	85,067,000	-129,716,000	88,181,000	71,976,000
marketable securities sales																																																												0	0	0	13,495,000
cash received on sale of stalla assets
purchase of non-controlling interst of subsidiary
other																																																												0				0	-7,000	-7,000
cash flows from operating activities:
loss on disposals of land, buildings and equipment																																																					-573,000	1,878,000	359,000		317,000	551,000	-63,000		144,000	108,000	10,000			331,000	97,000		24,000
changes in assets and liabilities, net of effects from acquisitions of businesses:
prepaid income taxes
marketable securities purchases																																																					-186,000	-74,000	-8,000		-8,000	-48,000	-10,000		-9,000	-49,000	-33,000
cash received from sale of assets																																																									0
supplemental disclosure of cash flow information:
declaration of cash dividends to be paid																																																																	7,109,000			5,732,000			4,283,000			3,545,000
unrealized net loss on investments																																																																0	-1,144,000		-790,000	1,718,000
changes in assets and liabilities, net of effects from acquisition of business:
borrowing under revolving credit facility
borrowing under collateralized line of credit
repayments under collateralized line of credit																																																																-44,815,000	-252,000	-61,000	-365,000	-1,063,000
repayments of fanor debt
unrealized net gain on investments																																																																		-831,000
borrowings under collateralized line of credit																																																																	173,000	91,000	113,000	46,187,000	45,876,000
net proceeds from sales of land and building
stock-based compensation charge																																																																	5,717,000	3,622,000	1,037,000	4,809,000	3,110,000	1,437,000	2,880,000	1,514,000	1,081,000	3,113,000	978,000
loss (gain) on disposals of land, buildings and equipment																																																																	352,000					122,000	3,730,000	3,735,000
cash paid (refunded) during the period for:
payments for purchases of businesses, net of cash acquired
marketable securities-maturities and sales																																																																						0	121,836,000	10,000,000
borrowings from revolving credit facility																																																																						0	25,000,000		0
repayments of senior notes
non-cash financing activity:
net proceeds from sale of land and building																																																																							38,528,000	38,528,000		34,778,000	34,778,000
reissuance of treasury stock																																																																				1,570,000	1,340,000	234,000	577,000
(gain) loss on disposals of land, buildings and equipment																																																																				-7,000							-19,724,000
net cash (used in) investing activities																																																																				-311,745,000
repayments under senior notes																																																																									0	-115,000,000	-40,000,000
inventories																																																																							10,000	37,000	-6,000	9,000	4,000
repayments under revolving credit facilities																																																																							-26,895,000
net cash from operatingactivities																																																																							132,130,000	80,009,000
net cash from investingactivities																																																																							-159,169,000	-52,350,000
net cash from financingactivities																																																																							-2,537,000	-6,216,000
net increase in cash and cashequivalents																																																																							-30,243,000	20,856,000
cash and cash equivalents at beginningof period																																																																							129,155,000	129,155,000
cash and cash equivalents at end ofperiod																																																																							98,912,000	150,011,000
supplemental disclosure of cash flowinformation:
perkins program fund contribution and other
excess tax benefit from stock-based compensation																																																																									792,000
cash and cash equivalents at beginningof year
cash and cash equivalents at end ofyear
(gain) on disposals of land, buildings and equipment
gain on disposals of land, buildings and equipment																																																																										-19,677,000
proceeds from revolving credit facility																																																																										40,000,000
interest paid during the period																																																																											2,150,000
income taxes paid during the period																																																																											225,000
accrued salaries, wages, expenses and benefits
supplemental disclosure of cash flow information
interest paid during the year
income taxes paid during the year

Adtalem Global Education Inc(NYSE:ATGE)

Adtalem Global Education Inc
(NYSE:ATGE)