Adtalem Global Education (ATGE) 8-K Regulation FD Disclosure

Exhibit 99.1

ADTALEM GLOBAL EDUCATION INC.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(unaudited and amounts in thousands, except per share amounts)

	Three Months Ended								Year Ended
	September 30,		December 31,		March 31,		June 30,		June 30,		June 30,
	2018		2018		2019		2019		2019		2018
REVENUE	$	236,939	$	253,961	$	258,703	$	264,240	$	1,013,843	$	960,277
OPERATING COST AND EXPENSE:
Cost of Educational Services		111,534		118,077		120,192		121,979		471,782		461,557
Student Services and Administrative Expense		89,164		89,251		90,746		90,181		359,342		327,707
Restructuring Expense		39,473		3,535		2,186		7,873		53,067		3,851
Settlement Gains		—		(15,571)		—		(10,607)		(26,178)		—
Total Operating Cost and Expense		240,171		195,292		213,124		209,426		858,013		793,115
Operating Income (Loss) from Continuing Operations		(3,232)		58,669		45,579		54,814		155,830		167,162
OTHER INCOME (EXPENSE):
Interest and Dividend Income		969		1,173		1,062		764		3,968		598
Interest Expense		(4,918)		(5,006)		(4,786)		(5,188)		(19,898)		(11,581)
Investment Gain (Loss)		—		(1,122)		715		254		(153)		—
Net Other Expense		(3,949)		(4,955)		(3,009)		(4,170)		(16,083)		(10,983)
Income (Loss) from Continuing Operations Before Income Taxes		(7,181)		53,714		42,570		50,644		139,747		156,179
Income Tax (Provision) Benefit		2,330		(11,857)		(7,843)		(15,508)		(32,878)		(88,107)
Equity Method Investment Loss		—		—		—		—		—		(138)
Income (Loss) from Continuing Operations		(4,851)		41,857		34,727		35,136		106,869		67,934
DISCONTINUED OPERATIONS:
Income (Loss) from Discontinued Operations Before Income Taxes		(5,719)		3,768		3,222		14,532		15,803		(81,657)
Loss on Disposal of Discontinued Operations Before Income Taxes		—		(32,714)		(265)		(625)		(33,604)		—
Income Tax Benefit		985		4,595		182		751		6,513		48,020
Income (Loss) from Discontinued Operations		(4,734)		(24,351)		3,139		14,658		(11,288)		(33,637)
NET INCOME (LOSS)		(9,585)		17,506		37,866		49,794		95,581		34,297
Net Loss Attributable to Noncontrolling Interest from Continuing Operations		64		88		113		113		378		495
Net Income Attributable to Noncontrolling Interest from Discontinued Operations		(9)		(299)		(74)		(409)		(791)		(1,023)
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION	$	(9,530)	$	17,295	$	37,905	$	49,498	$	95,168	$	33,769
AMOUNTS ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION:
Income (Loss) from Continuing Operations	$	(4,787)	$	41,945	$	34,840	$	35,249	$	107,247	$	68,429
Income (Loss) from Discontinued Operations		(4,743)		(24,650)		3,065		14,249		(12,079)		(34,660)
NET INCOME (LOSS) ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION	$	(9,530)	$	17,295	$	37,905	$	49,498	$	95,168	$	33,769
EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO ADTALEM GLOBAL EDUCATION SHAREHOLDERS:
Basic:
Continuing Operations	$	(0.08)	$	0.71	$	0.60	$	0.62	$	1.83	$	1.11
Discontinued Operations	$	(0.08)	$	(0.42)	$	0.05	$	0.25	$	(0.21)	$	(0.56)
Total	$	(0.16)	$	0.29	$	0.65	$	0.88	$	1.63	$	0.55
Diluted:
Continuing Operations	$	(0.08)	$	0.70	$	0.59	$	0.62	$	1.81	$	1.10
Discontinued Operations	$	(0.08)	$	(0.41)	$	0.05	$	0.25	$	(0.20)	$	(0.56)
Total	$	(0.16)	$	0.29	$	0.64	$	0.86	$	1.60	$	0.54