Strategic Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	1,133	1,065	1,132	1,028	997.14	Upgrade
Revenue Growth (YoY)	6.33%	-5.85%	10.12%	3.06%	57.23%	Upgrade
Cost of Revenue	623.9	597.32	608.26	532.66	530.6	Upgrade
Gross Profit	509.02	468.16	523.43	494.99	466.53	Upgrade
Selling, General & Admin	384.44	379.82	361.35	295.23	272.41	Upgrade
Other Operating Expenses	29.26	17.58	88.17	90.38	83.59	Upgrade
Operating Expenses	413.7	397.4	449.51	385.61	356	Upgrade
Operating Income	95.32	70.76	73.91	109.38	110.53	Upgrade
Other Expense / Income	-5.41	1.19	-2.69	-4.57	-13.19	Upgrade
Pretax Income	100.73	69.57	76.6	113.96	123.72	Upgrade
Income Tax	30.94	22.9	21.51	27.69	42.59	Upgrade
Net Income	69.79	46.67	55.09	86.27	81.14	Upgrade
Net Income Growth	49.54%	-15.28%	-36.14%	6.32%	-	Upgrade
Shares Outstanding (Basic)	23	24	24	23	22	Upgrade
Shares Outstanding (Diluted)	24	24	24	23	22	Upgrade
Shares Change	-0.18%	-0.51%	5.52%	3.45%	45.47%	Upgrade
EPS (Basic)	2.98	1.97	2.30	3.81	3.73	Upgrade
EPS (Diluted)	2.91	1.94	2.28	3.77	3.67	Upgrade
EPS Growth	50.00%	-14.91%	-39.52%	2.72%	-	Upgrade
Free Cash Flow	86.07	89.41	139.43	96.09	163.46	Upgrade
Free Cash Flow Per Share	3.68	3.78	5.82	4.25	7.52	Upgrade
Dividend Per Share	2.400	2.400	2.400	2.400	2.100	Upgrade
Dividend Growth	0%	0%	0%	14.29%	40.00%	Upgrade
Gross Margin	44.93%	43.94%	46.25%	48.17%	46.79%	Upgrade
Operating Margin	8.41%	6.64%	6.53%	10.64%	11.08%	Upgrade
Profit Margin	6.16%	4.38%	4.87%	8.39%	8.14%	Upgrade
Free Cash Flow Margin	7.60%	8.39%	12.32%	9.35%	16.39%	Upgrade
Effective Tax Rate	30.71%	32.92%	28.08%	24.30%	34.42%	Upgrade
EBITDA	158.04	132.69	180.02	223.11	228.59	Upgrade
EBITDA Margin	13.95%	12.45%	15.91%	21.71%	22.92%	Upgrade
Depreciation & Amortization	57.31	63.12	103.42	109.15	104.86	Upgrade
EBIT	100.73	69.57	76.6	113.96	123.72	Upgrade
EBIT Margin	8.89%	6.53%	6.77%	11.09%	12.41%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).