Perdoceo Education Corporation (PRDO) Income Statement Analysis

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Complete financial analysis of Perdoceo Education Corporation (PRDO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Perdoceo Education Corporation, a leading company in the Education & Training Services industry within the Consumer Defensive sector.

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Perdoceo Education Corporation (PRDO)

Industry: Education & Training Services

Sector: Consumer Defensive

Website: https://www.perdoceoed.com

About Perdoceo Education Corporation

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform. As of December 31, 2021, it had a total student enrollment of approximately 40,400 students. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was incorporated in 1994 and is based in Schaumburg, Illinois.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Revenue	710.00M	695.21M	693.03M	687.31M	627.70M	581.30M	596.44M	704.39M	847.27M	741.36M	1.06B	1.49B	1.88B	2.12B	1.84B	1.71B	1.67B	1.79B	2.03B	1.73B	1.19B	751.01M	529.24M	325.29M	199.10M	144.20M	82.60M
Cost of Revenue	130.32M	116.72M	108.74M	111.77M	101.94M	109.90M	143.34M	235.10M	289.78M	240.80M	406.29M	571.17M	632.59M	639.12M	611.75M	654.29M	593.66M	552.05M	628.67M	557.14M	413.81M	294.54M	213.92M	129.63M	85.50M	57.20M	34.50M
Gross Profit	579.68M	578.49M	584.29M	575.55M	525.76M	471.40M	453.09M	469.29M	557.50M	500.56M	651.08M	918.10M	1.25B	1.49B	1.22B	1.05B	1.08B	1.23B	1.41B	1.17B	774.80M	456.47M	315.32M	195.67M	113.60M	87.00M	48.10M
Gross Profit Ratio	81.64%	83.21%	84.31%	83.74%	83.76%	81.09%	75.97%	66.62%	65.80%	67.52%	61.58%	61.65%	66.43%	69.91%	66.69%	61.63%	64.56%	69.08%	69.10%	67.77%	65.19%	60.78%	59.58%	60.15%	57.06%	60.33%	58.23%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	295.50M	426.12M	418.51M	417.21M	430.15M	390.71M	241.28M	477.73M	564.21M	520.36M	474.78M	894.19M	936.71M	1.10B	934.13M	889.25M	876.80M	905.34M	958.10M	822.36M	533.96M	309.54M	215.68M	135.69M	96.40M	65.90M	37.50M
Selling & Marketing	102.59M	126.84M	137.23M	143.28M	130.93M	126.45M	136.11M	154.95M	220.52M	212.37M	272.01M	310.94M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	364.87M	426.12M	418.51M	417.21M	430.15M	390.71M	377.39M	477.73M	564.21M	520.36M	746.79M	894.19M	936.71M	1.10B	934.13M	889.25M	876.80M	905.34M	958.10M	822.36M	533.96M	309.54M	215.68M	135.69M	96.40M	65.90M	37.50M
Other Expenses	64.37M	19.73M	16.77M	14.79M	9.15M	196.00K	665.00K	300.00K	-436.00K	-148.00K	242.00K	483.00K	1.02B	1.17B	999.78M	964.38M	960.81M	1.07B	1.04B	879.83M	577.87M	343.17M	30.82M	20.59M	14.60M	12.20M	8.20M
Operating Expenses	429.23M	445.85M	435.28M	432.00M	439.30M	400.10M	391.38M	500.47M	589.15M	556.38M	815.43M	974.84M	1.02B	1.17B	999.78M	964.38M	960.81M	1.07B	1.04B	879.83M	577.87M	343.17M	246.50M	156.29M	111.00M	78.10M	45.70M
Cost & Expenses	559.56M	562.58M	544.02M	543.77M	541.24M	510.00M	534.73M	735.57M	878.93M	797.18M	1.22B	1.55B	1.65B	1.81B	1.61B	1.62B	1.55B	1.62B	1.67B	1.44B	991.68M	637.71M	460.42M	285.91M	196.50M	135.30M	80.20M
Interest Income	19.98M	6.87M	930.00K	3.85M	6.39M	3.54M	1.90M	1.26M	794.00K	851.00K	1.36M	1.83M	1.38M	1.18M	2.37M	13.77M	18.95M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	404.00K	400.00K	920.00K	167.00K	167.00K	681.00K	451.00K	584.00K	835.00K	491.00K	1.35M	271.00K	563.00K	377.00K	226.00K	870.00K	1.16M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	16.89M	19.73M	16.77M	14.79M	9.15M	9.39M	13.99M	22.75M	24.94M	55.46M	73.15M	81.81M	85.37M	71.62M	67.60M	77.69M	78.18M	86.42M	78.72M	57.82M	44.18M	33.64M	30.82M	20.59M	14.60M	12.20M	8.20M
EBITDA	209.41M	152.37M	165.78M	158.33M	102.33M	84.43M	48.13M	-8.03M	-68.67M	-82.88M	-116.65M	-109.22M	317.43M	314.62M	298.22M	178.14M	223.05M	243.25M	459.97M	349.11M	241.11M	146.93M	99.64M	59.97M	34.90M	21.10M	10.60M
EBITDA Ratio	29.49%	22.64%	24.06%	23.63%	16.30%	14.52%	13.12%	-0.98%	-0.75%	0.05%	-8.47%	1.84%	16.84%	18.41%	16.07%	10.45%	12.16%	19.01%	22.06%	20.23%	20.28%	19.56%	18.51%	18.44%	-0.25%	14.63%	12.83%
Operating Income	150.45M	129.64M	149.02M	142.93M	86.46M	71.30M	34.14M	-32.34M	-92.17M	-72.72M	-214.68M	-183.75M	39.16M	246.39M	222.60M	77.67M	120.42M	166.51M	369.07M	291.56M	196.93M	113.30M	68.82M	39.38M	2.60M	8.90M	2.40M
Operating Income Ratio	21.19%	18.65%	21.50%	20.80%	13.77%	12.27%	5.72%	-4.59%	-10.88%	-9.81%	-20.30%	-12.34%	2.08%	11.60%	12.12%	4.55%	7.19%	9.32%	18.14%	16.87%	16.57%	15.09%	13.00%	12.11%	1.31%	6.17%	2.91%
Total Other Income/Expenses	41.68M	4.63M	51.00K	3.90M	6.56M	3.05M	2.11M	978.00K	-2.27M	446.00K	-21.88M	2.04M	30.72M	4.53M	-4.92M	-11.52M	23.26M	20.94M	14.21M	-6.89M	2.51M	1.06M	915.00K	126.00K	-1.10M	-3.00M	-3.20M
Income Before Tax	192.12M	134.27M	149.08M	146.83M	93.02M	74.35M	36.25M	-31.37M	-94.44M	-72.50M	-221.34M	-181.71M	41.95M	246.88M	224.05M	97.15M	143.68M	187.44M	383.28M	295.67M	199.44M	114.36M	69.74M	39.51M	19.20M	7.70M	-800.00K
Income Before Tax Ratio	27.06%	19.31%	21.51%	21.36%	14.82%	12.79%	6.08%	-4.45%	-11.15%	-9.78%	-20.93%	-12.20%	2.23%	11.62%	12.20%	5.70%	8.58%	10.50%	18.84%	17.11%	16.78%	15.23%	13.18%	12.14%	9.64%	5.34%	-0.97%
Income Tax Expense	44.47M	38.40M	39.43M	22.48M	22.43M	18.56M	67.13M	-16.55M	-147.45M	3.74M	-19.67M	-46.81M	46.15M	80.29M	78.66M	27.57M	48.18M	92.69M	143.35M	116.05M	80.28M	46.89M	31.38M	17.32M	8.30M	3.40M	-300.00K
Net Income	147.65M	95.87M	109.64M	124.26M	69.98M	55.18M	-31.90M	-18.71M	51.89M	-178.16M	-164.26M	-142.80M	18.57M	157.77M	81.22M	60.14M	59.55M	46.57M	233.88M	179.62M	119.17M	67.47M	38.36M	21.41M	10.90M	4.30M	-900.00K
Net Income Ratio	20.80%	13.79%	15.82%	18.08%	11.15%	9.49%	-5.35%	-2.66%	6.12%	-24.03%	-15.54%	-9.59%	0.99%	7.43%	4.42%	3.53%	3.56%	2.61%	11.50%	10.39%	10.03%	8.98%	7.25%	6.58%	5.47%	2.98%	-1.09%
EPS	2.22	1.41	1.57	1.79	1.00	0.79	-0.46	-0.28	0.76	-2.65	-2.46	-2.16	0.25	1.94	0.95	0.67	0.64	0.48	2.32	1.75	1.17	0.34	0.44	0.28	0.02	0.04	-0.02
EPS Diluted	2.18	1.39	1.55	1.74	0.97	0.77	-0.46	-0.27	0.76	-2.64	-2.46	-2.13	0.25	1.94	0.94	0.67	0.63	0.47	2.26	1.71	1.12	0.33	0.43	0.28	0.02	0.03	-0.02
Weighted Avg Shares Out	66.47M	67.93M	70.02M	69.41M	70.09M	69.60M	68.61M	67.35M	67.86M	67.17M	66.65M	66.16M	74.50M	81.21M	86.57M	89.83M	93.71M	96.19M	100.97M	101.63M	96.41M	90.40M	87.50M	74.75M	63.02M	52.17M	56.80M
Weighted Avg Shares Out (Dil)	67.83M	69.03M	70.88M	71.27M	72.09M	71.48M	68.95M	68.37M	68.33M	67.52M	66.74M	67.07M	74.50M	81.21M	86.57M	90.09M	94.41M	98.07M	103.38M	105.00M	100.72M	94.36M	90.78M	77.56M	63.02M	54.38M	56.80M

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