MINNEAPOLIS--(BUSINESS WIRE)--

Capella Education Company (CPLA), a provider of online post-secondary education, primarily through its wholly owned subsidiary Capella University, today announced financial results for the three months ended June 30, 2012.

Leading business indicators are strengthening, said Kevin Gilligan, chairman and chief executive officer. While the market environment remains challenging, we have improved our execution as we continue to gain experience in our new marketing and learner success strategies, continued Gilligan. Capella has a reputation for quality online academic programs, a track record of regulatory compliance and demonstrated career outcomes for our graduates. This is a strong foundation as we build Capella for long-term sustainable growth.

For the three months ended June 30, 2012:

For the six-month period ended June 30, 2012:

Balance Sheet and Cash Flow

As of June 30, 2012, the Company had cash, cash equivalents, and marketable securities of $123.7 million, compared to $127.0 million at Dec. 31, 2011, and no debt for the same periods.

Cash flow from operations for the six months ended June 30, 2012 was $35.6 million compared to $45.0 million in the same period a year ago.

Share Repurchase

The Company repurchased approximately 700,000 shares of Capella stock for total consideration of $25.5 million during the six-month period ended June 30, 2012.In the second quarter 2012, the Company repurchased approximately 390,000 shares of Capella stock for total consideration of $12.5 million. The remaining authorization as of the end of the second quarter was $34.2 million.

Original post:
Capella Education Company Reports Second Quarter 2012 Results