Exhibit 99.2
Adtalem Global Education Inc.
Schedule of non-GAAP Operating Income
(unaudited and amounts in thousands)
| | Years Ended | | Three Months Ended | ||||||||||||||
|
| June 30, |
| June 30, |
| September 30, |
| December 31, |
| March 31, |
| June 30, | ||||||
Chamberlain: | | | | | | | | | | | | | | | | | | |
Operating income (GAAP) | | $ | 99,361 | | $ | 128,851 | | $ | 30,169 | | $ | 32,482 | | $ | 36,107 | | $ | 30,093 |
Restructuring expense | | | 291 | | | - | | | - | | | - | | | - | | | - |
Operating income excluding special items (non-GAAP) | | $ | 99,652 | | $ | 128,851 | | $ | 30,169 | | $ | 32,482 | | $ | 36,107 | | $ | 30,093 |
| | | | | | | | | | | | | | | | | | |
Medical and Veterinary: | | | | | | | | | | | | | | | | | | |
Operating income (GAAP) | | $ | 66,676 | | $ | 67,852 | | $ | 22,841 | | $ | 18,808 | | $ | 14,977 | | $ | 11,226 |
Restructuring expense | | | 1,416 | | | - | | | - | | | - | | | - | | | - |
Operating income excluding special items (non-GAAP) | | $ | 68,092 | | $ | 67,852 | | $ | 22,841 | | $ | 18,808 | | $ | 14,977 | | $ | 11,226 |
| | | | | | | | | | | | | | | | | | |
Financial Services: | | | | | | | | | | | | | | | | | | |
Operating income (GAAP) | | $ | 17,622 | | $ | 28,361 | | $ | 7,272 | | $ | 7,793 | | $ | 3,904 | | $ | 9,392 |
Restructuring expense | | | 4,842 | | | 3,044 | | | 1,415 | | | - | | | - | | | 1,629 |
Operating income excluding special items (non-GAAP) | | $ | 22,464 | | $ | 31,405 | | $ | 8,687 | | $ | 7,793 | | $ | 3,904 | | $ | 11,021 |
| | | | | | | | | | | | | | | | | | |
Home Office and Other: | | | | | | | | | | | | | | | | | | |
Operating loss (GAAP) | | $ | (41,399) | | $ | (63,581) | | $ | (23,576) | | $ | (18,760) | | $ | (10,774) | | $ | (10,471) |
Restructuring expense | | | 22,079 | | | 6,760 | | | 2,808 | | | 1,165 | | | 1,217 | | | 1,570 |
Business acquisition and integration expense | | | - | | | 31,593 | | | 13,436 | | | 11,079 | | | 3,646 | | | 3,432 |
Gain on sale of assets | | | (4,779) | | | - | | | - | | | - | | | - | | | - |
Operating loss excluding special items (non-GAAP) | | $ | (24,099) | | $ | (25,228) | | $ | (7,332) | | $ | (6,516) | | $ | (5,911) | | $ | (5,469) |
| | | | | | | | | | | | | | | | | | |
Adtalem Global Education: | | | | | | | | | | | | | | | | | | |
Operating income (GAAP) | | $ | 142,260 | | $ | 161,483 | | $ | 36,706 | | $ | 40,323 | | $ | 44,214 | | $ | 40,240 |
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) | | | - | | | - | | | - | | | - | | | - |
Operating income excluding special items (non-GAAP) | | $ | 166,109 | | $ | 202,880 | | $ | 54,365 | | $ | 52,567 | | $ | 49,077 | | $ | 46,871 |