Apollo Education Group
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| Public | |
| Traded as | NASDAQ: APOL |
| Industry | For-profit education |
| Founded | 1973 |
| Founder | John Sperling |
| Headquarters | Phoenix, Arizona, U.S. |
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Key people
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Peter Sperling (Chairman) Gregory Cappelli (CEO) Mitch Bowling (COO) |
| Revenue |  $ 3.6 billion (FY 2013) |
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$ 427 million (FY 2013)
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$ 249 million (FY 2013)
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| Total assets |
$ 3.0 billion (FY 2013)
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| Total equity |
 $ 1.1 billion (FY 2013)
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Number of employees
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44,000 (part and full-time) (August 2013) |
| Subsidiaries |
Apollo Global Axia College BPP Holdings Carnegie Learning College for Financial Planning Institute for Professional Development Meritus University University for the Arts, Sciences, and Communication Universidad Latinoamericana University of Phoenix Western International University |
| Website | www |
Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, owns several for-profit educational institutions.
The company owns and operates four higher-learning institutions: the University of Phoenix, Western International University, Axia College, and the College for Financial Planning. As of November 2013, the combined enrollment of all the universities was approximately 269,000 students. Of these, nearly 90% attend the University of Phoenix, which Apollo describes as "the nation's largest regionally accredited private university".
Additionally, Apollo Education Group, Inc. is the owner of BPP Holdings in the United Kingdom. It formed a joint venture with Carlyle Group, called Apollo Global, to make international acquisitions. Apollo also purchased UNIACC college in Santiago, Chile, and ULA college in Mexico.
On May 8, 2016, the company announced its sale to a group of private investors for $1.14 billion.
Apollo Education Group, Inc. was founded in 1973 by John Sperling.
Corporate revenues for the year ending August 31, 2005 were $2.251 billion.
As of 5 October 2011, Apollo Group had a market capitalization of $5.36 billion and a price-to-earnings ratio of 13.22.
The Apollo Group announced quarterly results on 30 June 2011. The company reported $1.45 in earnings per share for the previous quarter, exceeding the Thomson Reuters estimate of $1.33 by $0.12. Apollo Group's quarterly revenue was down 7.6% on a year-over-year basis.
In March 2011 the Apollo Group sold its corporate headquarters in Arizona and leased it back in order to raise $170 million in cash. The deal with Cole Real Estate Investments included a 20-year lease requiring Apollo to remain in the complex."In our view, it does not change the view of the company. Apollo isn't hungry for cash: It carries little debt but generates $4 billion in revenue and has $650 million in net income and $1.5 billion in cash on its balance sheet," commented Peter Wahlstrom of Morningstar, an investment-research company.
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Wikipedia