AMERICAN PUBLIC EDUCATION, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2010 | FY2009 | FY2008 | FY2007 |
|---|---|---|---|---|---|---|
| Revenue | $299.2M | $313.1M | $198.2M | $149.0M | $107.1M | $69.1M |
| Cost of Revenue | $116.2M | $117.0M | — | — | — | — |
| Gross Profit | $183.1M | $196.1M | — | — | — | — |
| Gross Margin | 61.2% | 62.6% | — | — | — | — |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $69.0M | $68.7M | $32.0M | $25.0M | $21.3M | $15.3M |
| Operating Income | $34.9M | $38.3M | $50.0M | $39.9M | $25.7M | $14.7M |
| Operating Margin | 11.6% | 12.2% | 25.2% | 26.8% | 24.0% | 21.3% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $35.0M | $38.4M | $50.1M | $40.0M | $26.4M | $15.6M |
| Income Tax Expense | $11.5M | $14.9M | $20.3M | $16.0M | $10.2M | $6.8M |
| Net Income | $21.1M | $24.2M | $29.9M | $23.9M | $16.2M | $8.8M |
| Net Margin | 7.1% | 7.7% | 15.1% | 16.1% | 15.1% | 12.7% |
| EPS (Basic) | $1.30 | $1.50 | $1.63 | $1.32 | $0.91 | $0.69 |
| EPS (Diluted) | $1.29 | $1.49 | $1.59 | $1.27 | $0.86 | $0.64 |
| Shares Outstanding (Basic) | 16.2M | 16.1M | 18.3M | 18.2M | 17.8M | 12.8M |
| Shares Outstanding (Diluted) | 16.4M | 16.2M | 18.8M | 18.9M | 18.8M | 13.6M |
| Dividends Per Share | — | — | — | — | — | — |