HOUSE_OVERSIGHT_024510.jpg
1.38 MB
Extraction Summary
1
People
4
Organizations
1
Locations
2
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial report / corporate analysis (house oversight production)
File Size:
1.38 MB
Summary
This document is page 77 of a larger report (likely produced to the House Oversight Committee) detailing the financial results of KLC (Knowledge Learning Corporation) for fiscal year 2005. It discusses operating expenses, a real estate transaction between KLC OpCo and KLC PropCo involving $96 million in rent, seasonality of school enrollments, and reports $1.48 billion in revenue and $238 million in Adjusted EBITDA. No specific individuals or direct mentions of Epstein appear on this page, though KLC was an Apollo Global Management portfolio company.
People (1)
| Name | Role | Context |
|---|---|---|
| KLC Management | Management |
Mentioned as overseeing operations, anticipating costs, and focusing marketing efforts.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KLC |
Knowledge Learning Corporation (implied by context of classrooms/enrollment); main subject of the financial report.
|
|
| KLC OpCo |
Operating Company; leasing centers from KLC PropCo.
|
|
| KLC PropCo |
Property Company; holds title to real property and leases to KLC OpCo.
|
|
| House Oversight Committee |
Implied by the document stamp 'HOUSE_OVERSIGHT'.
|
Timeline (2 events)
Locations (1)
| Location | Context |
|---|---|
|
Refers to KLC's center base.
|
Relationships (1)
KLC OpCo, which is leasing centers from KLC PropCo
Key Quotes (3)
"KLC's management believes its large, combined nationwide center base gives it the ability to leverage the costs of programs and services"Source
HOUSE_OVERSIGHT_024510.jpg
Quote #1
"The Real Estate Transaction did not affect consolidated rent expense, but resulted in an increase of approximately $96.0 million in annual rent expense of KLC OpCo"Source
HOUSE_OVERSIGHT_024510.jpg
Quote #2
"Revenue increased to $1.48 billion in 2005, which represents an increase of $35.6 million over 2004."Source
HOUSE_OVERSIGHT_024510.jpg
Quote #3
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