EX-99.1 2 a6828233ex99-1.htm EXHIBIT 99.1 a6828233ex99-1.htm
  Exhibit 99.1
 
DEVRY INC.
SEGMENT INFORMATION - NEW ALIGNMENT
(Dollars in Thousands)
 
PRELIMINARY
 
                                                             
   
For the Three Months
   
For the Three Months
   
For the Three Months
   
For the Three Months
   
For the Year
 
   
Ended September 30,
   
Ended December 31,
   
Ended March 31,
   
Ended June 30,
   
Ended June 30,
 
   
2010
   
2009
   
2010
   
2009
   
2011
   
2010
   
2011
   
2010
   
2011
   
2010
 
REVENUES:
                                                           
   Business, Technology and Management
  $ 352,918     $ 283,506     $ 370,743     $ 313,256     $ 378,698     $ 334,603     $ 357,787     $ 332,188     $ 1,460,146     $ 1,263,553  
   Medical and Healthcare
    136,658       117,158       142,145       125,774       142,544       132,640       136,988       131,465       558,335       507,037  
   International, K-12 and Professional Education
    31,852       30,446       38,575       33,982       41,488       37,142       51,975       43,021       163,890       144,591  
     Total Consolidated Revenues
    521,428       431,110       551,463       473,012       562,730       504,385       546,750       506,674       2,182,371       1,915,181  
                                                                                 
OPERATING INCOME (LOSS):
                                                                               
   Business, Technology and Management
    84,519       56,079       99,472       78,134       99,351       85,751       76,061       71,096       359,403       291,060  
   Medical and Healthcare
    28,162       27,139       30,964       31,159       29,289       30,951       18,550       21,832       106,965       111,081  
   International, K-12 and Professional Education
    (1,143 )     (78 )     6,738       3,954       10,263       6,733       16,826       9,273       32,684       19,882  
   Reconciling Items:
                                                                               
     Amortization Expense
    (1,475 )     (3,914 )     (1,477 )     (3,657 )     (1,497 )     (1,618 )     (1,654 )     (1,623 )     (6,103 )     (10,812 )
     Depreciation and Other
    1,752       159       (144 )     (661 )     (179 )     203       (203 )     (10 )     1,226       (309 )
 
                                                                               
     Total Consolidated Operating Income
    111,815       79,385       135,553       108,929       137,227       122,020       109,580       100,568       494,175       410,902  
                                                                                 
INTEREST AND OTHER
(EXPENSE) INCOME:
                                                                         
     Interest Income
    423       500       381       574       435       476       300       530       1,539       2,080  
     Interest Expense
    (254 )     (422 )     (239 )     (495 )     (348 )     (336 )     (441 )     (332 )     (1,282 )     (1,585 )
     Net Investment Gain
    -       831       -       313       -       81       -       -       -       1,225  
                                                                                 
     Net Interest and Other (Expense) Income
    169       909       142       392       87       221       (141 )     198       257       1,720  
                                                                                 
Total Consolidated Income before
                                                                 
    Minority Interest and Income Taxes
  $ 111,984     $ 80,294     $ 135,695     $ 109,321     $ 137,314     $ 122,241     $ 109,439     $ 100,766     $ 494,432     $ 412,622  
 
All periods have been revised to reflect DeVry's new segment alignment. DeVry recently renamed and repositioned some of its segments to reflect the current alignment of its operations. The former Other Educational Services segment was combined with the former Professional Education segment to create the new International, K-12 and Professional Education segment. These segments are consistent with the method by which management evaluates performance and allocates resources.