Perdoceo Education (PRDO) 8-K Career Education Corporation Reports

Exhibit 99.3

PROFORMA QUARTERLY AND FULL YEAR SEGMENT INFORMATION

FOR 2013 AND 2012

Effective January 2014, the Company has changed its segment reporting to align with the manner in which the business is now managed. The Company’s reportable segments will be CTU, AIU, Career Colleges (which is the combination of its Health Education and Design & Technology segments as reported in 2013), Culinary Arts and Transitional Schools.

The following proforma quarterly and full-year segment information reflects the aforementioned reporting structure. The quarterly segment information has been recast to report the International Segment and the four campuses that completed their teach-out activities in 2013 as components of discontinued operations. In addition, the six additional teach-out campuses announced during 2013 are now included within the Transitional Schools segment.

CAREER EDUCATION CORPORATION AND SUBSIDIARIES

PROFORMA QUARTERLY SEGMENT INFORMATION - 2013

UNAUDITED (Dollars in thousands)

	For the 2013 Quarters Ended
	March 31			June 30			September 30			December 31			Full Year
REVENUE:
CTU	$	90,209		$	86,887		$	82,424		$	87,735		$	347,255
AIU		66,299			59,935			56,284			49,088			231,606
Total University Schools		156,508			146,822			138,708			136,823			578,861
Career Colleges		59,786			55,199			51,715			55,493			222,193
Culinary Arts		45,938			44,577			44,256			42,778			177,549
Total Career Schools		105,724			99,776			95,971			98,271			399,742
Corporate and Other		—			—			—			—			—
Subtotal		262,232			246,598			234,679			235,094			978,603
Transitional Schools		27,971			22,241			16,545			12,000			78,757
Total	$	290,203		$	268,839		$	251,224		$	247,094		$	1,057,360
OPERATING (LOSS) INCOME:
CTU	$	15,912		$	16,588		$	9,208		$	21,752		$	63,460
AIU		3,146			1,021			(5,930	)		(3,793	)		(5,556	)
Total University Schools		19,058			17,609			3,278			17,959			57,904
Career Colleges		(15,003	)		(28,969	)		(20,654	)		(16,396	)		(81,022	)
Culinary Arts		(12,137	)		(17,017	)		(23,655	)		(28,409	)		(81,218	)
Total Career Schools		(27,140	)		(45,986	)		(44,309	)		(44,805	)		(162,240	)
Corporate and Other		(6,368	)		(11,050	)		(7,561	)		(8,621	)		(33,600	)
Subtotal		(14,450	)		(39,427	)		(48,592	)		(35,467	)		(137,936	)
Transitional Schools		(15,175	)		(19,398	)		(18,617	)		(23,558	)		(76,748	)
Total	$	(29,625	)	$	(58,825	)	$	(67,209	)	$	(59,025	)	$	(214,684	)
NEW STUDENT ENROLLMENTS:
CTU		4,520			4,410			4,780			5,260			18,970
AIU		4,610			2,110			2,880			2,520			12,120
Total University Schools		9,130			6,520			7,660			7,780			31,090
Career Colleges		3,200			1,810			3,640			1,660			10,310
Culinary Arts		2,810			2,260			3,650			2,010			10,730
Total Career Schools		6,010			4,070			7,290			3,670			21,040
Subtotal		15,140			10,590			14,950			11,450			52,130
Transitional Schools		610			310			520			60			1,500
Total		15,750			10,900			15,470			11,510			53,630
	As of the 2013 Quarters Ended
	March 31			June 30			September 30			December 31
TOTAL STUDENT ENROLLMENTS:
CTU		21,500			20,500			20,500			20,800
AIU		15,500			11,600			12,000			11,600
Total University Schools		37,000			32,100			32,500			32,400
Career Colleges		12,900			10,800			12,300			11,000
Culinary Arts		8,600			7,700			8,000			7,900
Total Career Schools		21,500			18,500			20,300			18,900
Subtotal		58,500			50,600			52,800			51,300
Transitional Schools		6,400			4,600			3,600			2,400
Total		64,900			55,200			56,400			53,700

CAREER EDUCATION CORPORATION AND SUBSIDIARIES

PROFORMA QUARTERLY SEGMENT INFORMATION - 2012

UNAUDITED (Dollars in thousands)

	For the 2012 Quarters Ended
	March 31			June 30			September 30			December 31			Full Year
REVENUE:
CTU	$	96,329		$	91,839		$	86,484		$	89,283		$	363,935
AIU		88,940			78,841			71,204			65,223			304,208
Total University Schools		185,269			170,680			157,688			154,506			668,143
Career Colleges		82,243			68,421			63,122			64,266			278,052
Culinary Arts		62,838			57,895			54,415			49,694			224,842
Total Career Schools		145,081			126,316			117,537			113,960			502,894
Corporate and Other		14			20			16			5			55
Subtotal		330,364			297,016			275,241			268,471			1,171,092
Transitional Schools		53,337			45,997			39,649			34,805			173,788
Total	$	383,701		$	343,013		$	314,890		$	303,276		$	1,344,880
OPERATING (LOSS) INCOME:
CTU	$	19,079		$	12,181		$	10,324		$	13,344		$	54,928
AIU		14,661			6,878			1,084			(1,727	)		20,896
Total University Schools		33,740			19,059			11,408			11,617			75,824
Career Colleges		(922	)		(93,138	)		(16,595	)		(16,980	)		(127,635	)
Culinary Arts		1,266			(3,121	)		(10,136	)		(21,863	)		(33,854	)
Total Career Schools		344			(96,259	)		(26,731	)		(38,843	)		(161,489	)
Corporate and Other		12,585			(5,450	)		(5,389	)		(9,445	)		(7,699	)
Subtotal		46,669			(82,650	)		(20,712	)		(36,671	)		(93,364	)
Transitional Schools		(11,718	)		(18,213	)		(18,850	)		(54,856	)		(103,637	)
Total	$	34,951		$	(100,863	)	$	(39,562	)	$	(91,527	)	$	(197,001	)
NEW STUDENT ENROLLMENTS:
CTU		5,670			5,800			5,150			5,040			21,660
AIU		6,640			3,050			3,700			3,370			16,760
Total University Schools		12,310			8,850			8,850			8,410			38,420
Career Colleges		3,550			1,750			3,710			1,400			10,410
Culinary Arts		3,160			2,410			3,920			2,810			12,300
Total Career Schools		6,710			4,160			7,630			4,210			22,710
Subtotal		19,020			13,010			16,480			12,620			61,130
Transitional Schools		3,020			1,350			2,370			1,110			7,850
Total		22,040			14,360			18,850			13,730			68,980
	As of the 2012 Quarters Ended
	March 31			June 30			September 30			December 31
TOTAL STUDENT ENROLLMENTS:
CTU		23,500			22,600			22,000			21,600
AIU		18,900			14,500			14,900			14,200
Total University Schools		42,400			37,100			36,900			35,800
Career Colleges		17,900			14,000			14,500			12,100
Culinary Arts		12,500			12,000			11,200			8,500
Total Career Schools		30,400			26,000			25,700			20,600
Subtotal		72,800			63,100			62,600			56,400
Transitional Schools		13,500			10,700			9,600			7,900
Total		86,300			73,800			72,200			64,300