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APOLLO EDUCATION GROUP INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed Jan 9, 2017. Its latest SEC filing is a SC 13G from Feb 14, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Provides undergraduate and graduate degrees through University of Phoenix, alongside certificate and nondegree education programs for working adults in the U.S. and abroad, online and on campus.

How Did They Make Money?

Apollo earns mainly tuition and fees for educational programs. Students fund tuition through U.S. government student aid, military benefits, employer assistance or personal funds; University of Phoenix bills separately for each course when a student first attends, with tuition spread over the course.

revenue

Who Were Their Customers?

Students enroll directly in Apollo’s online and on-campus degree, certificate and nondegree programs. University of Phoenix also builds employer and community-college relationships to connect prospective students with its programs.

Did Revenues Turn Into Profits?

No. It lost $84.6M in .

Operating income,
−3% of revenue
▼ Now a loss vs ($114.9M, 4%)
Net income,
−4% of revenue
▼ Now a loss vs ($29.8M, 1%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Nov 30, 2016
Revenue
▼ −17%
vs $586M in Q1 FY2016
Net income
▲ Now profitable
vs −$60.8M in Q1 FY2016
  • Feb 1, 2017 Apollo was acquired and became a wholly owned subsidiary Shareholders received $10.00 per share in cash; Apollo's Class A shares were delisted from Nasdaq.

Shrank. Revenue fell 50% in 4 years, from $4.2B in to $2.1B in , about 16% a year.

More online study The older report describes online and campus offerings; the latest says most University of Phoenix students study exclusively online and that the online share has increased in recent years.

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