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APOLLO GROUP |
APOLLO GROUP |
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| Income Statement
for the Years Ended August 31, 2000 -2006 |
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$, million |
$, million |
$, million |
$, million |
$, million |
$, million |
$, million |
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(except EPS) |
(except EPS) |
(except EPS) |
(except EPS) |
(except EPS) |
(except EPS) |
(except EPS) |
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2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
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| Revenues: |
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| Tuition and other, net |
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609,997 |
769,474 |
$1,009,455
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1,339,517 |
1,798,423 |
2,251,472 |
2,477,533 |
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| Costs and
Expenses: |
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| Instructional costs and
services (Cost of Revenue) |
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352,874 |
410,084 |
484,454 |
612,940 |
765,495 |
935,743 |
1,112,660 |
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| Gross Profits |
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257123 |
359390 |
525001 |
726577 |
1032928 |
1315729 |
1364873 |
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| Selling and Promotional |
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96491 |
150,311 |
198,889 |
272,348 |
383,078 |
484,770 |
544,706 |
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| General and administrative |
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46555 |
48,076 |
58,260 |
66,970 |
88,090 |
98,286 |
149,928 |
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| Stock-based compensation |
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0 |
0 |
0 |
0 |
123,535 |
19,824 |
0 |
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| Depreciation |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Goodwill impairment |
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0 |
0 |
0 |
0 |
0 |
0 |
20,205 |
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| Total Operating Expenses |
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143046 |
198387 |
257149 |
339318 |
594703 |
602880 |
714839 |
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| Income from Operations |
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114077 |
161003 |
253852 |
387259 |
438225 |
712849 |
650034 |
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| Interest
income, net |
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6,228 |
14,106 |
12,072 |
14,545 |
18,263 |
16,993 |
18,054 |
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| Earnings before Interest and
Taxes (EBIT) |
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120305 |
175109 |
265924 |
401804 |
456488 |
729842 |
668088 |
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| Interest
Expense |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Pretax
Earnings (Earnings before Taxes, EBT) |
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120305 |
175109 |
265924 |
401804 |
456488 |
729842 |
668088 |
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| Provision for income taxes |
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49,114 |
67,292 |
104,774 |
154,794 |
178,714 |
285,111 |
253,255 |
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| Net Income (Earnings After
Taxes, EAT) |
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71191 |
107817 |
161150 |
247010 |
277774 |
427933 |
414833 |
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| Preferred
Stock Dividends |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Net Earnings
Available for Common Stockholders |
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71191 |
107817 |
161150 |
247010 |
277774 |
427933 |
414833 |
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| Retained
Earnings |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Dividends
Paid to Common Stock Holders |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
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| Net Income
Attributed To: |
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| Apollo
Education group common stock |
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71,191 |
104,513 |
153,161 |
231,702 |
137,800 |
444,731 |
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| University of Phoenix Online
common stock |
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3,304 |
7,989 |
15,308 |
139,974 |
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| Earnings per
share Attributed to: |
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| Apollo Education Common
Stock: |
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| Basic net income per share |
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$0.63 |
$0.63 |
$0.91 |
$0.89 |
$1.32 |
$0.78 |
$2.43 |
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| Basic weighted average
shares outstanding |
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113,674 |
114,275 |
172,859 |
174,985 |
176,175 |
182,928 |
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| University of Phoenix Online
Common Stock: |
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| Basic net income per share |
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$0.38 |
$0.60 |
$1.01 |
$8.85 |
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| Basic weighted average
shares outstanding |
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8,796 |
13,243 |
15,154 |
15,825 |
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