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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Education Management's Net Income for the three months ended in Jun. 2014 was $-188 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2014 was $-664 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Education Management's Earnings per Share (Diluted) for the three months ended in Jun. 2014 was $-1.49.
The historical data trend for Education Management's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Education Management Annual Data | |||||||||||||||||||||
Trend | Jun05 | Jun06 | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | |||||||||||
Net Income | Get a 7-Day Free Trial | 168.51 | 229.51 | -1,433.57 | -244.39 | -663.92 |
Education Management Quarterly Data | ||||||||||||||||||||
Sep09 | Dec09 | Mar10 | Jun10 | Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | |
Net Income | Get a 7-Day Free Trial | -2.03 | -9.51 | 1.09 | -467.65 | -187.85 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Education Management's Net Income for the fiscal year that ended in Jun. 2014 is calculated as
Net Income | (A: Jun. 2014 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -617.28 | + | -46.637 | + | 0 | + | -1.1368683772162E-13 |
= | -664 |
Education Management's Net Income for the quarter that ended in Jun. 2014 is calculated as
Net Income | (Q: Jun. 2014 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -95.022 | + | -92.823 | + | 0 | + | 0 |
= | -188 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-664 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Education Management (OTCPK:EDMCQ) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Education Management's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2014 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2014 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-187.845 | - | 0) | / | 125.975 | |
= | -1.49 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Education Management's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Carol Dibattiste | officer: See Remarks | 1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
Mick J Beekhuizen | officer: See Remarks | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Edward H West | director, officer: See Remarks | 3250 BRIARPARK DR, SUITE 400, HOUSTON TX 77042 |
Citigroup Inc | 10 percent owner | 388 GREENWICH STREET, NEW YORK NY 10013 |
James Hobby | officer: See Remarks | 400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602 |
John Robert Kline | officer: See Remarks | PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173 |
Jonathan M Nelson | 10 percent owner | C/O PROVIDENCE EQUITY PARTNERS, L.L.C., 50 KENNEDY PLAZA, 18TH FL, PROVIDENCE RI 02903 |
Robert G. Hrivnak | officer: See Remarks | C/O ORION ENGINEERED CARBONS S.A., 4501 MAGNOLIA COVE DRIVE, SUITE 106, HOUSTON TX 77345 |
Jeffrey T Leeds | director | 660 MADISON AVE 15TH FL, NEW YORK NY 10021 |
Samuel C Cowley | director | 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043 |
Brian A. Napack | director | C/O JOHN WILEY & SONS, INC., 111 RIVER STREET, HOBOKEN NJ 07030 |
Providence Equity Gp Iv L.p. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv, L.l.c. | 10 percent owner | 50 KENNEDY PLAZA, PROVIDENCE RI 02903 |
Providence Equity Partners Iv Lp | 10 percent owner | |
William R Johnson | director | UNITED PARCEL SERVICE, INC., 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
From GuruFocus
By gurufocus 10qk • 02-11-2011
By gurufocus 10qk • 05-12-2010
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