apollo group inc-cl a (APOL) Details
Apollo Group, Inc., through its subsidiaries, provides online and on-campus educational programs and services at the undergraduate, master’s, and doctoral levels. The company offers various degree programs in arts and sciences, business and management, criminal justice and security, education, health care, human services, nursing, psychology, and technology through its campus locations and learning centers, as well as through its online education delivery system. It also publishes research-based math curricula and adaptive learning software; provides professional training and education through schools located in the United Kingdom; sells books and other publications; offers associate’s, bachelor’s, and master’s degrees in various program areas, as well as certificate programs at its Arizona campus locations and online; and provides bachelor’s and master’s programs at campuses in Chile and Mexico. In addition, the company offers program development, administration, and management consulting services comprising degree program design, curriculum development, market research, student admissions, and accounting and administrative services to private colleges and universities to establish their programs for working learners; and financial services education programs, including Master of Science in three majors, as well as certification programs in retirement, asset management, and other financial planning areas. Apollo Group, Inc. was founded in 1973 and is headquartered in Phoenix, Arizona.
Last Reported Date: 10/22/12
Founded in 1973
apollo group inc-cl a (APOL) Top Compensated Officers
Chief Executive Officer, Director and Chairma...
Total Annual Compensation: $700.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $450.0K
Chief Innovation Officer, Executive Vice Pres...
Total Annual Compensation: $440.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $675.4K
Executive Vice President and Advisor to the C...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2012.
Bankia Reportedly To Receive Bids For Bankia Habitat
May 10 13
Bankia, SA. (CATS:BKIA) (Bankia) is expecting to receive binding bids for Bankia Habitat S.L.U. (Bankia Habitat) next week, daily Expansion quoted unnamed sources as saying. The buyer will acquire Bankia Habitat’s offices in Madrid and Valencia, the technology platform and 500 employees. The real estate assets and loan portfolio will remain in the hands of Bankia. The potential buyers include Morgan Stanley (NYSE:MS), Cerebrus Capital Management, L.P., Fortress Investment Group LLC (NYSE:FIG), Apollo Group Inc. (NasdaqGS:APOL), Oaktree Capital Group, LLC (NYSE:OAK) and TPG Capital, L.P.
Apollo Group Inc. Appoints Curtis M. Uehlein as Acting Chief Operating Officer and President
Apr 23 13
On April 17, 2013, Curtis M. Uehlein was appointed to the position of Acting Chief Operating Officer of Apollo Group Inc., to serve during the company's worldwide search for a new chief operating officer. On the same date, Uehlein was appointed as President of Apollo Global Inc. Prior to that time, from March 21, 2011, Uehlein served as Chief Operating Officer of Apollo Global. From 2005 until joining Apollo Global in 2011, Uehlein was the President and Chief Operating Officer of Wall Street Institute International, where he was responsible for managing international operations in twenty-seven countries and a global franchisee network of more than four hundred education centers. Prior to joining Wall Street Institute International, Mr. Uehlein served in senior management positions for two years at Steelpoint Technologies. He started his career in 1981 and worked for International Business Machines Corporation for eighteen years. Uehlein will not be separately compensated for his role as Acting Chief Operating Officer of the company.
Apollo Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended February 29, 2013; Provides Earnings Guidance for the Year 2013; Expects Tax Rate for the Second Half of 2012
Mar 25 13
Apollo Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 29, 2013. For the quarter, the company's net revenue was $834,372,000 compared to $962,682,000 a year ago. Operating income was $29,780,000 compared to $103,705,000 a year ago. Income from continuing operations before income taxes was $27,950,000 compared to $102,349,000 a year ago. Income from continuing operations was $13,659,000 or $0.12 per diluted share compared to $59,241,000 or $0.49 per diluted share a year ago. Net income attributable to the company was $13,527,000 or $0.12 per diluted share compared to $63,882,000 or $0.51 per diluted share a year ago. Income from continuing operations attributable to the company, adjusted to exclude special items were $37,961,000 or $0.34 per diluted share compared to $72,179,000 or $0.57 per diluted share a year ago. The decrease in income from continuing operations was attributable to lower enrollment and an increase in marketing costs primarily due to higher advertising expense, which was partially offset by a reduction in certain costs associated with the company's restructuring activities and lower bad debt expense. The company free cash flow, defined as cash provided by operating activities less capital expenditures, in the second quarter increased to $67 million as compared to $44 million in the prior year. The increase was principally due to the timing of cash payments, inclusive of lower capital expenditures, partially offset by a decline in operating income.
For the six months, the company's net revenue was $1,889,555,000 compared to $2,134,582,000 a year ago. Operating income was $260,726,000 compared to $365,373,000 a year ago. Income from continuing operations before income taxes was $259,202,000 compared to $362,664,000 a year ago. Income from continuing operations was $147,399,000 or $1.30 per diluted share compared to $204,377,000 or $1.63 per diluted share a year ago. Net income attributable to the company was $147,022,000 or $1.30 per diluted share compared to $213,196,000 or $1.66 per diluted share a year ago. Net cash provided by operating activities was $298,950,000 compared to $384,479,000 a year ago. Additions to property and equipment were $49,024,000 compared to $62,357,000 a year ago. Income from continuing operations attributable to the company, adjusted to exclude special items were $175,845,000 or $1.56 per diluted share compared to $237,495,000 or $1.84 per diluted share a year ago.
For the year 2013, the company expected net revenue in the range of $3.65 billion to $3.75 billion; and operating income of $500.0 million to $550.0 million, excluding the impact of special items and restructuring and other charges. The company anticipates its tax rate for the full year of fiscal 2013 to be about 42%.
The company is expecting its tax rate for the second half of 2012. Since the first half rate was about 43%, the company would expect the second half rate to be slightly less than that.