EX-99.2 3 a51545088ex99_2.htm EXHIBIT 99.2

Exhibit 99.2

DEVRY EDUCATION GROUP INC.
SCHEDULE OF NON-GAAP OPERATING INCOME
(unaudited and amounts in thousands)
		Years Ended
		June 30, 2015				June 30, 2016
Medical and Healthcare:
Operating Income from Continuing Operations		$	155,377			$	178,484
Restructuring Expense			1,491				665
Non-GAAP Operating Income from Continuing Operations		$	156,868			$	179,149
Professional Education:
Operating Income from Continuing Operations		$	22,036			$	28,043
Restructuring Expense			78				1,183
Asset Impairment Charge			1,780				-
Non-GAAP Operating Income from Continuing Operations		$	23,894			$	29,226
U.S. Traditional Postsecondary:
Operating Loss from Continuing Operations		$	(25,177	)		$	(211,299	)
Restructuring Expense			38,063				71,858
Asset Impairment Charge			-				147,660
Gain on Sale of Assets			-				(7,032	)
Non-GAAP Operating Income from Continuing Operations		$	12,886			$	1,187
Home Office and Other:
Operating Loss from Continuing Operations		$	(10,964	)		$	(20,951	)
Restructuring Expense			3,281				519
Non-GAAP Operating Loss from Continuing Operations		$	(7,683	)		$	(20,432	)

DEVRY EDUCATION GROUP INC
SCHEDULE OF NON-GAAP OPERATING INCOME
(unaudited and amounts in thousands)
		Three Months Ended
		September 30, 2015				December 31, 2015				March 31, 2016				June 30, 2016
Medical and Healthcare:
Operating Income		$	36,826			$	46,644			$	57,450			$	37,564
Restructuring Expense			-				-				-				665
Non-GAAP Operating Income		$	36,826			$	46,644			$	57,450			$	38,229
Professional Education:
Operating Income		$	5,691			$	4,042			$	5,905			$	12,405
Restructuring Expense			-				-				300				883
Non-GAAP Operating Income		$	5,691			$	4,042			$	6,205			$	13,288
U.S. Traditional Postsecondary:
Operating Income (Loss)		$	(27,822	)		$	(107,948	)		$	2,942			$	(78,471	)
Restructuring Expense			24,073				12,923				2,573				32,289
Asset Impairment Charge			-				99,473				-				48,187
Gain on Sale of Assets			-				-				(3,849	)			(3,183	)
Non-GAAP Operating Income (Loss)		$	(3,749	)		$	4,448			$	1,666			$	(1,178	)
Home Office and Other:
Operating Loss		$	(2,779	)		$	(2,920	)		$	(3,867	)		$	(11,385	)
Restructuring Expense			-				-				-				519
Non-GAAP Operating Loss		$	(2,779	)		$	(2,920	)		$	(3,867	)		$	(10,866	)

DEVRY EDUCATION GROUP INC.
SCHEDULE OF NON-GAAP OPERATING INCOME
(unaudited and amounts in thousands)
		Three Months Ended
		September 30, 2016				December 31, 2016
U.S. Traditional Postsecondary:
Operating Loss		$	(10,006	)		$	(5,681	)
Restructuring Expense			3,066				4,422
Regulatory Settlements			-				4,102
Loss on Assets Held for Sale			-				4,764
Non-GAAP Operating Income (Loss)		$	(6,940	)		$	7,607
Home Office and Other:
Operating Loss		$	(4,831	)		$	(55,242	)
Restructuring Expense			1,982				627
Regulatory Settlements			-				52,150
Non-GAAP Operating Loss		$	(2,849	)		$	(2,465	)