A P O L L O G R O U P,
I N C .
2 0 0 0 A N N U A L R E P O R T
We restated our financial statements included in our prior Annual Reports, SEC filings,
earnings press releases, investor conference presentations, and other communications for
the fiscal years ended August 31, 2004 and 2005, and the quarters included therein, as well
as for our fiscal quarters ended November 31, 2005 and February 28, 2006. Additionally,
our preliminary unaudited financial information for the fiscal quarters ended May 31, 2006,
August 31, 2006, and November 30, 2006, which were included in press releases on
June 20, 2006, October 18, 2006, and February 7, 2007, have also been adjusted. For more
information on this restatement and the related adjustments, we refer you to our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q, which were filed with the
Securities and Exchange Commission on May 22, 2007 and May 25, 2007.
A P O L L O G R O U P : A R E C O G N I Z E D L E A D E R I N A D U L T E D U C A T I O N
“The rapid evolution of technology in the global economy has created a demand for education
at all levels. Not only is the pace of change rapid, it is accelerating. Education must not only be
relevant to the demands of technology, it must be efficient in terms of time and place. Thus the
current mantra—‘Anywhere, Anytime Education.’ Many traditional educational institutions are
unable to respond to the demands of this market, but the Apollo Group companies respond rapidly
and do it with innovation and inspiration. The writing’s on the chalkboard. In the 21st century there
will be two kinds of educational institutions: the quick and the dead.”
J O H N G. S P E R L I N G, P h.D.
C H A I R M A N O F T H E B O A R D, C E O
A P O L L O G R O U P, I N C .
C H A I R M A N’S L E T T E R
We are pleased to report another year of outstanding growth throughout the company. Every year since we began in 1976,
we have expanded our market, improved our performance, and increase