XML 49 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
May 31, 2012
May 31, 2011
May 31, 2012
May 31, 2011
Income Statement [Abstract]        
Net revenue $ 1,130,808 $ 1,235,837 $ 3,279,050 $ 3,610,901
Costs and expenses:        
Instructional and student advisory 470,112 458,145 1,356,409 1,335,601
Marketing 158,881 161,034 483,980 484,392
Admissions advisory 95,290 99,923 298,083 315,958
General and administrative 88,084 87,857 252,028 257,075
Depreciation and amortization 45,155 41,125 133,438 117,369
Provision for uncollectible accounts receivable 35,430 39,217 108,009 141,666
Restructuring and other charges 7,577 0 29,287 3,846
Litigation charge 4,725 2,048 4,725 4,503
Goodwill and other intangibles impairment 0 0 16,788 219,927
Total costs and expenses 905,254 889,349 2,682,747 2,880,337
Operating income 225,554 346,488 596,303 730,564
Interest income 219 867 1,085 2,635
Interest expense (2,830) (2,383) (6,618) (6,207)
Other, net (402) (1,862) (44) (1,603)
Income from continuing operations before income taxes 222,541 343,110 590,726 725,389
Provision for income taxes (88,159) (130,385) (247,889) (376,016)
Income from continuing operations 134,382 212,725 342,837 349,373
Income from discontinued operations, net of tax 0 540 0 2,487
Net income 134,382 213,265 342,837 351,860
Net (income) loss attributable to noncontrolling interests (348) (825) 4,393 31,955
Net income attributable to Apollo $ 134,034 $ 212,440 $ 347,230 $ 383,815
Earnings per share - Basic:        
Continuing operations attributable to Apollo (in dollars per share) $ 1.13 $ 1.52 $ 2.79 $ 2.67
Discontinued operations attributable to Apollo (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.02
Basic income per share attributable to Apollo (in dollars per share) $ 1.13 $ 1.52 $ 2.79 $ 2.69
Earnings per share - Diluted:        
Continuing operations attributable to Apollo (in dollars per share) $ 1.13 $ 1.51 $ 2.77 $ 2.66
Discontinued operations attributable to Apollo (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.02
Diluted income per share attributable to Apollo (in dollars per share) $ 1.13 $ 1.51 $ 2.77 $ 2.68
Basic weighted average shares outstanding (in shares) 118,134 139,856 124,560 142,845
Diluted weighted average shares outstanding (in shares) 118,793 140,343 125,335 143,222