NOTE 16: SEGMENT INFORMATION

Beginning in the second quarter of fiscal year 2018, DeVry University operations were classified as discontinued operations. In addition, beginning in the fourth quarter of fiscal year 2018, Carrington operations were classified as discontinued operations. See “Note 2: Discontinued Operations” for further information. Segment information presented excludes the results of DeVry University and Carrington, which were previously classified within our former U.S. Traditional Postsecondary segment and are presented as discontinued operations in the Consolidated Financial Statements. Discontinued operations assets are included in the table below to reconcile to Total Consolidated Assets presented on the Consolidated Balance Sheets.

Adtalem’s principal business is the provision of educational services. During the fourth quarter of fiscal year 2019, Adtalem renamed two of its segments: Professional Education was renamed Financial Services, and Technology and Business was renamed Business and Law. Adtalem presents three reporting segments: “Medical and Healthcare,” which includes the operations of Chamberlain and the medical and veterinary schools (which include AUC, RUSM and RUSVM); “Financial Services,” which includes the operations of ACAMS, Becker, OCL and EduPristine; and “Business and Law,” which includes the operations of Adtalem Brazil. “Home Office and Other” includes activity not allocated to a reporting segment.

These segments are consistent with the method by which the Chief Operating Decision Maker (Adtalem’s Chairman, President and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based, in part, on each segment’s operating income. Intersegment sales are accounted for at amounts comparable to sales to nonaffiliated customers and are eliminated in consolidation. “Home Office and Other” includes activity not allocated to a reporting segment and is included to reconcile segment results to the Consolidated Financial Statements. Segments may have allocated depreciation expense related to depreciable assets reported as an asset in a different segment. The accounting policies of the segments are the same as those described in “Note 4: Summary of Significant Accounting Policies.”

Summary financial information by reporting segment is as follows (in thousands):


	Year Ended June 30,
	2019		2018		2017
Revenue:
Medical and Healthcare	$	849,861	$	815,674	$	802,462
Financial Services		167,211		147,195		131,769
Business and Law		225,844		270,934		276,341
Home Office and Other		(3,229)		(2,592)		(2,663)
Total Consolidated Revenue	$	1,239,687	$	1,231,211	$	1,207,909
Operating Income (Loss) from Continuing Operations:
Medical and Healthcare	$	155,122	$	189,672	$	187,138
Financial Services		34,163		27,695		19,866
Business and Law		17,461		29,431		36,204
Home Office and Other (1)		(20,757)		(39,322)		(107,710)
Total Consolidated Operating Income from Continuing Operations	$	185,989	$	207,476	$	135,498
Segment Assets:
Medical and Healthcare	$	814,728	$	988,920	$	905,741
Financial Services		582,327		456,589		451,261
Business and Law		579,578		547,110		606,563
Home Office and Other		266,063		291,760		186,217
Discontinued Operations		—		60,582		165,236
Total Consolidated Assets	$	2,242,696	$	2,344,961	$	2,315,018
Additions to Long-Lived Assets:
Medical and Healthcare	$	47,410	$	34,099	$	15,774
Financial Services		125,494		15,063		364,275
Business and Law		7,177		25,998		19,222
Home Office and Other		8,486		10,675		6,477
Total Consolidated Additions to Long-Lived Assets	$	188,567	$	85,835	$	405,748
Reconciliation to Consolidated Financial Statements:
Capital Expenditures	$	64,751	$	66,530	$	42,508
Additions to Capital Assets from Acquisitions		1,197		381		4,913
Additions to Intangible Assets and Goodwill from Acquisitions		122,619		18,924		358,327
Total Consolidated Additions to Long-Lived Assets	$	188,567	$	85,835	$	405,748
Depreciation Expense:
Medical and Healthcare	$	28,025	$	29,731	$	31,938
Financial Services		1,849		1,999		1,869
Business and Law		9,270		10,282		10,117
Home Office and Other		3,885		1,274		1,881
Total Consolidated Depreciation Expense	$	43,029	$	43,286	$	45,805
Intangible Asset Amortization Expense:
Financial Services	$	6,947	$	6,501	$	7,482
Business and Law		1,765		3,037		3,687
Total Consolidated Intangible Asset Amortization Expense	$	8,712	$	9,538	$	11,169

(1)

Home Office and Other Operating Loss includes $52.2 million in charges in the year ended June 30, 2017 for regulatory settlements as described in "Note 3: Regulatory Settlements."

Adtalem conducts its educational operations in the U.S., Barbados, St. Kitts, St. Maarten, Brazil, Canada, Europe, the Middle East, India, China and the Pacific Rim. Other international revenue, which is derived principally from Europe and the Pacific Rim, was less than 5% of total revenue for each of the years ended June 30, 2019, 2018 and 2017. Revenue and long-lived assets by geographic area are as follows (in thousands):


	Year Ended June 30,
	2019		2018		2017
Revenue from Unaffiliated Customers:
Domestic Operations	$	640,733	$	610,967	$	585,865
International Operations:
Barbados, Dominica, St. Kitts and St. Maarten		362,427		342,831		340,861
Brazil		225,844		270,934		276,341
Other		10,683		6,479		4,842
Total International		598,954		620,244		622,044
Total Consolidated Revenue	$	1,239,687	$	1,231,211	$	1,207,909
Long-Lived Assets:
Domestic Operations	$	157,367	$	148,724	$	164,324
International Operations:
Barbados, Dominica, St. Kitts and St. Maarten		176,229		182,701		190,843
Brazil		91,588		94,467		104,497
Other		1,950		2,021		3,378
Total International		269,767		279,189		298,718
Total Consolidated Long-Lived Assets	$	427,134	$	427,913	$	463,042

No one customer accounted for more than 10% of Adtalem’s consolidated revenue.