EX-99.1 2 atge-20211102xex99d1.htm EX-99.1

Exhibit 99.1

Adtalem Global Education Inc.

Schedule of Segment Summary Financial Information

(unaudited and amounts in thousands)

Years Ended

Three Months Ended

    

June 30,
2020

    

June 30,
2021

    

September 30,
2020

    

December 31,
2020

    

March 31,
2021

    

June 30,
2021

Revenue:

Chamberlain

$

511,655

$

563,814

$

133,764

$

141,977

$

146,313

$

141,760

Medical and Veterinary

354,773

343,087

85,062

92,419

83,900

81,706

Financial Services

185,573

205,479

49,415

48,715

50,441

56,908

Total consolidated revenue

$

1,052,001

$

1,112,380

$

268,241

$

283,111

$

280,654

$

280,374

Operating income excluding special items:

Chamberlain

$

99,652

$

128,851

$

30,169

$

32,482

$

36,107

$

30,093

Medical and Veterinary

68,092

67,852

22,841

18,808

14,977

11,226

Financial Services

22,464

31,405

8,687

7,793

3,904

11,021

Home Office and Other

(24,099)

(25,228)

(7,332)

(6,516)

(5,911)

(5,469)

Total consolidated operating income excluding special items

166,109

202,880

54,365

52,567

49,077

46,871

Reconciliation to Consolidated Financial Statements:

Restructuring expense

(28,628)

(9,804)

(4,223)

(1,165)

(1,217)

(3,199)

Business acquisition and integration expense

-

(31,593)

(13,436)

(11,079)

(3,646)

(3,432)

Gain on sale of assets

4,779

-

-

-

-

-

Total consolidated operating income

142,260

161,483

36,706

40,323

44,214

40,240

Net other income (expense)

94,919

(34,633)

(2,170)

(1,512)

(7,166)

(23,785)

Total consolidated income from continuing operations before income taxes

$

237,179

$

126,850

$

34,536

$

38,811

$

37,048

$

16,455

Segment assets:

Chamberlain

$

483,563

$

484,110

$

212,177

$

207,810

$

205,625

$

484,110

Medical and Veterinary

748,388

773,168

764,205

779,466

733,747

773,168

Financial Services

580,272

577,958

579,634

590,045

591,004

577,958

Home Office and Other

416,464

1,218,600

773,881

667,343

1,500,624

1,218,600

Total consolidated assets

$

2,228,687

$

3,053,836

$

2,329,897

$

2,244,664

$

3,031,000

$

3,053,836

Capital expenditures:

Chamberlain

$

19,920

$

28,631

$

7,751

$

4,843

$

6,876

$

9,161

Medical and Veterinary

5,414

4,121

1,515

780

526

1,300

Financial Services

4,532

8,783

2,127

2,344

1,782

2,530

Home Office and Other

14,271

7,129

3,050

1,765

1,485

829

Total consolidated capital expenditures

$

44,137

$

48,664

$

14,443

$

9,732

$

10,669

$

13,820

Depreciation expense:

Chamberlain

$

14,869

$

16,123

$

3,840

$

4,067

$

4,091

$

4,125

Medical and Veterinary

14,195

14,431

3,533

3,623

3,646

3,629

Financial Services

2,010

3,568

729

800

902

1,137

Home Office and Other

3,354

3,476

873

860

901

842

Total consolidated depreciation expense

$

34,428

$

37,598

$

8,975

$

9,350

$

9,540

$

9,733

Intangible asset amortization expense:

Financial Services

$

10,262

$

10,073

$

2,518

$

2,519

$

2,518

$

2,518

Total consolidated intangible asset amortization expense

$

10,262

$

10,073

$

2,518

$

2,519

$

2,518

$

2,518