Perdoceo Education Corp. Files 2024 Annual Report
Ticker: PRDO · Form: 10-K · Filed: 2025-02-18T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, education
Related Tickers: PRDO
TL;DR
PERDOCEO EDUCATION CORP (PRDO) FILED 2024 10-K. FINANCIALS LOOK SOLID.
AI Summary
Perdoceo Education Corp. filed its 10-K for the fiscal year ending December 31, 2024. The company, formerly known as Career Education Corp., is headquartered in Schaumburg, Illinois. The filing details financial performance and business operations, including information on restricted cash, lease liabilities, and asset impairment charges. Perdoceo Education Corp. operates within the educational services sector.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of Perdoceo Education Corp.'s financial health and strategic direction for the fiscal year 2024.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not immediately indicate any significant new risks or material adverse changes.
Key Numbers
- 136.90 — Restricted Cash Current (Represents a portion of the company's liquid assets.)
Key Players & Entities
- PERDOCEO EDUCATION Corp (company) — Filer
- CAREER EDUCATION CORP (company) — Former company name
- 1750 E. GOLF ROAD SCHAUMBURG IL 60173 (address) — Business and mailing address
- 847-781-3600 (phone_number) — Business phone number
- 20241231 (date) — Fiscal year end
- 20250218 (date) — Filing date
- 136.90 (dollar_amount) — Restricted Cash Current
FAQ
What was Perdoceo Education Corp.'s total revenue for the fiscal year ending December 31, 2024?
The provided text does not contain specific revenue figures for the fiscal year ending December 31, 2024.
What is the company's primary business address?
The company's business address is 1750 E. GOLF ROAD, SCHAUMBURG, IL 60173.
When did the company change its name from Career Education Corp.?
The company changed its name from Career Education Corp. on September 23, 1997.
What is the filing date of this 10-K report?
This 10-K report was filed on February 18, 2025.
Does the filing mention any significant asset impairment charges for 2024?
The filing references 'AssetImpairmentCharges' in the context of US GAAP, but specific dollar amounts for 2024 are not detailed in the provided snippet.
From the Filing
0000950170-25-022187.txt : 20250218 0000950170-25-022187.hdr.sgml : 20250218 20250218160228 ACCESSION NUMBER: 0000950170-25-022187 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 109 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250218 DATE AS OF CHANGE: 20250218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERDOCEO EDUCATION Corp CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 25634764 BUSINESS ADDRESS: STREET 1: 1750 E. GOLF ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 847-781-3600 MAIL ADDRESS: STREET 1: 1750 E. GOLF ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 FORMER COMPANY: FORMER CONFORMED NAME: CAREER EDUCATION CORP DATE OF NAME CHANGE: 19970923 10-K 1 prdo-20241231.htm 10-K 10-K false 0001046568 FY http://fasb.org/us-gaap/2024#RestrictedCashCurrent 136.90 http://fasb.org/us-gaap/2024#UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember http://www.perdoceoed.com/20241231#OperatingLeaseAndFinanceLeaseLiability http://www.perdoceoed.com/20241231#OperatingLeaseAndFinanceLeaseLiability http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityCurrent http://fasb.org/us-gaap/2024#FinanceLeaseLiabilityCurrent http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#FinanceLeaseLiabilityNoncurrent http://fasb.org/us-gaap/2024#AssetImpairmentCharges http://fasb.org/us-gaap/2024#AssetImpairmentCharges PT1000H 0001046568 us-gaap:EmployeeStockOptionMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2024-01-01 2024-12-31 0001046568 prdo:NonCurrentAssetsMember srt:MinimumMember us-gaap:StudentLoanMember 2024-01-01 2024-12-31 0001046568 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001046568 prdo:RangeOfExercisePricesTwoMember 2024-12-31 0001046568 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001046568 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-12-31 0001046568 srt:MaximumMember 2022-01-01 2022-12-31 0001046568 prdo:CTUMember prdo:AdvertisingAndMarketingMember 2022-01-01 2022-12-31 0001046568 prdo:SecondConditionMember 2023-01-01 2023-12-31 0001046568 prdo:CTUMember prdo:BadDebtMember 2024-01-01 2024-12-31 0001046568 us-gaap:StateAndLocalJurisdictionMember srt:MaximumMember 2024-01-01 2024-12-31 0001046568 us-gaap:CreditConcentrationRiskMember prdo:CashReceivedMember prdo:HigherEducationActMember 2024-01-01 2024-12-31 0001046568 prdo:AIUSMember prdo:AcademicsAndStudentRelatedMember 2023-01-01 2023-12-31 0001046568 prdo:AIUSMember prdo:DepreciationAndAmortizationMember 2022-01-01 2022-12-31 0001046568 prdo:AIUSMember prdo:BadDebtMember 2024-01-01 2024-12-31 0001046568 prdo:DepreciationAndAmortizationMember prdo:CTUMember 2022-01-01 2022-12-31 0001046568 prdo:CTUMember prdo:UniversityGroupMember 2024-12-31 0001046568 prdo:UniversityOfStAugustineForHealthSciencesLlcMember prdo:UniversityGroupMember prdo:TuitionAndFeesNetMember 2024-01-01 2024-12-31 0001046568 prdo:AIUSMember prdo:UniversityGroupMember 2023-01-01 2023-12-31 0001046568 us-gaap:ProductAndServiceOtherMember prdo:CTUMember prdo:UniversityGroupMember 2022-01-01 2022-12-31 0001046568 prdo:EmployeeStockPurchasePlanMember 2024-12-31 0001046568 us-gaap:ValuationAllowanceOfDeferredTaxAssetsMember 2021-12-31 0001046568 2021-12-31 0001046568 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001046568 prdo:WintrustBankMember us-gaap:RevolvingCreditFacilityMember prdo:CreditAgreementMember 2024-07-29 0001046568 prdo:AIUSMember prdo:AdministrativeMember 2022-01-01 2022-12-31 0001046568 prdo:CTUMember prdo:AdministrativeMember 2023-01-01 2023-12-31 0001046568 prdo:AIUSMember 2022-01-01 2022-12-31 0001046568 srt:MinimumMember prdo:BuildingAndImprovementsMember 2024-12-31 0001046568 prdo:RangeOfExercisePricesOneMember 2024-01-01 2024-12-31 00010465