Exhibit 99.1
DEVRY INC.
SEGMENT INFORMATION
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(Dollars in Thousands)
PRELIMINARY
For the Three For the Three For the Three For the Three For the
Months Months Months Months Year
Ended September 30, Ended December 31, Ended March 31, Ended June 30, Ended June 30,
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2008 2007 2008 2007 2009 2008 2009 2008 2009 2008
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REVENUES:
Business, Technology and
Management $ 228,747 $194,765 $ 249,407 $211,832 $260,180 $219,760 $251,138 $206,492 $ 989,472 $ 832,849
Medical and Healthcare 53,278 37,240 97,979 42,586 105,013 45,885 106,445 44,103 362,715 169,814
Professional Education 19,759 18,313 17,969 17,757 22,545 22,479 23,878 22,530 84,151 81,079
Other Educational Services 1,933 - 4,260 1,562 4,144 2,849 14,778 3,680 25,115 8,091
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Total Consolidated
Revenues 303,717 250,318 369,615 273,737 391,882 290,973 396,239 276,805 1,461,453 1,091,833
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OPERATING INCOME (LOSS):
Business, Technology and
Management 27,003 15,561 35,322 28,302 39,712 27,085 24,872 11,961 126,909 82,909
Medical and Healthcare 15,351 11,601 26,666 15,262 26,115 14,464 23,519 10,916 91,651 52,243
Professional Education 7,723 8,358 4,526 5,374 9,524 10,930 8,897 9,182 30,670 33,844
Other Educational Services (1,715) - (487) (82) (220) 285 1,421 313 (1,001) 516
Reconciling Items:
Amortization Expense (916) (1,046) (2,919) (1,355) (2,958) (1,513) (3,683) (1,012) (10,476) (4,926)
Depreciation and Other (634) (572) (568) (568) (386) (700) (1,332) (411) (2,920) (2,251)
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Total Consolidated
Operating Income 46,812 33,902 62,540 46,933 71,787 50,551 53,694 30,949 234,833 162,335
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INTEREST AND OTHER (EXPENSE) INCOME:
Interest Income 2,142 2,407 1,710 2,892 776 2,823 623 2,341 5,251 10,463
Interest Expense (353) (221) (1,176) (98) (484) (99) (762) (104) (2,775) (522)
Net Investment Gain - - (1,718) - 970 - 791 - 43 -
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Net Interest and Other
(Expense) Income 1,789 2,186 (1,184) 2,794 1,262 2,724 652 2,237 2,519 9,941
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Total Consolidated Income before
Minority Interest
and Income Taxes $ 48,601 $ 36,088 $ 61,356 $ 49,727 $ 73,049 $ 53,275 $ 54,346 $ 33,186 $ 237,352 $ 172,276
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All periods have been revised to reflect DeVry's new segment alignment. DeVry
recently renamed and repositioned some of its segments to reflect the current
alignment of its operations. Also, a new segment called "Other Educational
Services," has been added. These segments are consistent with the method by
which management evaluates performance and allocates resources.