Last $5.73 USD
Change Today +0.08 / 1.42%
Volume 383.2K
CECO On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for career education corp (CECO)

Year over year, Career Education Corp. has seen revenues fall from $1.3B USD to $1.0B USD. In addition, the company has been unable to reduce the percentage of sales devoted to cost of goods sold, SGA expenses and income tax expenses. This has led to a reduction in the bottom line from a loss of $142.8M USD to an even larger loss of $164.3M USD.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Restated
Dec 31
2011
Restated
Dec 31
2012
Restated
Dec 31
2013
4 Year
Trend
Revenues1,990.11,650.11,316.81,041.0
Other Revenues79.455.528.016.4
TOTAL REVENUES2,069.61,705.61,344.91,057.4
Cost of Goods Sold503.1451.8396.6318.8
GROSS PROFIT1,566.51,253.8948.3738.6
Selling General & Admin Expenses, Total1,124.9981.6945.8829.7
Depreciation & Amortization, Total68.776.474.768.6
OTHER OPERATING EXPENSES, TOTAL1,193.61,058.01,020.5898.4
OPERATING INCOME372.9195.8-72.2-159.8
Interest Expense-0.4-0.2-0.1-1.4
Interest and Investment Income1.10.71.21.4
NET INTEREST EXPENSE0.80.51.10.0
Other Non-Operating Income (Expenses)-0.52.0-0.20.2
EBT, EXCLUDING UNUSUAL ITEMS373.2198.3-71.3-159.5
Merger & Restructuring Charges-12.1---18.2-6.2
Impairment of Goodwill-70.4------
Gain (Loss) on Sale of Assets-------6.9
Other Unusual Items, Total-48.1-184.5-106.5-48.7
Insurance Settlements--7.019.0--
Legal Settlements-48.1-----26.0
EBT, INCLUDING UNUSUAL ITEMS242.613.7-196.1-221.3
Income Tax Expense78.942.5-47.1-19.7
Earnings from Continuing Operations163.7-28.7-149.0-201.7
EARNINGS FROM DISCOUNTINUED OPERATIONS-5.947.36.237.4
NET INCOME157.818.6-142.8-164.3
NET INCOME TO COMMON INCLUDING EXTRA ITEMS157.818.6-142.8-164.3
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS163.7-28.7-149.0-201.7
 

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CECO:US $5.73 USD +0.08

CECO Competitors

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Company Last Change
Bridgepoint Education Inc $10.92 USD -0.34
Corinthian Colleges Inc $0.11 USD -0.0036
ITT Educational Services Inc $8.94 USD -0.15
K12 Inc $12.02 USD -0.12
Universal Technical Institute Inc $10.69 USD -0.31
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Industry Analysis

CECO

Industry Average

Valuation CECO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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