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, |
| June 30, |
| September 30, |
| December 31, |
| March 31, |
| June 30, | ||||||
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 |