For that reason cost, this new $5 billion losings set aside was stopped regarding the 4th one-fourth. seven million also the $30 mil which was outstanding online of borrowing are reduced in early November. We wrote out-of $step one.one million out-of deferred resource will cost you during the time the credit agreement is actually canceled. We repurchased 5,326,447 shares of our well-known stock regarding the fourth one-fourth off 2021 at a price of about $443.eight mil, and something dos,685,744 shares at a high price of $225.5 mil subsequent to .
We have $369.nine billion left offered currently. During the , the latest panel away from directors enhanced the agreement less than all of our stock repurchase program of the $175 million highlighting a keen aggregate consent to own display repurchases given that initiation in our program off $step one.six billion as they once more dedicated to using a substantial percentage of our projected websites dollars circulates to find stock. I imagine that we uses other proceeds on installment of the secured notice by the middle to help you later March together with kept $175 million was purchased over the remainder of 2020.
Complete open-ended cash and you can quick-identity opportunities at the , were $600
nine million. GCE capex regarding the last one-fourth out of 2021, and capex for new from-campus class room and you can lab internet are around $eight.5 billion or step three% off internet revenue, using complete to possess 2021 to $28.9 million. This is lower than new $30 billion so you’re able to $thirty five mil we got predicted mainly because of the waits when you look at the expend on this new sites that we got hoped to open within the 2022. I desired capex to possess 2022 was ranging from $31 billion and $35 mil.
Second, Allow me to offer colour for the suggestions you will find provided getting 2022. New guidance we possess considering is still low-GAAP as the modified net income so that as adjusted toned down earnings for each share, even as we ban amortization away from obtained intangible possessions. Consistent with the earlier in the day 12 months, i have considering ranges to own funds, operating margin and income for every share for each and every of your four quarters of 2022. I do that given that our very own monetary results are seasonal.
The newest higher end in our money range takes on another: GCU crushed registration increases to 21,304 regarding the springtime, 6,560 during the summer and you can 25,551 from the slide. Including GCU’s hybrid youngsters. Domestic students try estimated to grow to 14,five hundred regarding the spring and you can sixteen,700 regarding slide.
Because of the refinancing all of our borrowing from the bank arrangement, having its a term loan facility and a great revolving credit facility was terminated and remaining identity loan equilibrium out-of $83
We are optimistic that new online enrollments will be down just a bit year over season in the first one-fourth as compared to an excellent extremely difficult compensation. But the top of the range of our guidance takes on we’ll return to help you the new subscription development in next quarter from 2022. Hence, we’re hopeful complete on line subscription and this began the year down 5.5% commonly return to confident seasons-over-season growth in another half of 2022. An upper end in our guidance assumes on your Expidited Bachelors inside Breastfeeding funds at out of-campus classroom and you will research internet sites, will grow throughout the middle-teens 12 months more year, if you are work-related therapy enrollment often balance out on the last half out of 2022, in order that it might be roughly flat year more than 12 months because of the the termination of the year.
Money and subscription in the 2022 is slightly influenced by the fresh new structured closing from a few internet sites — of the two sites in the Florida. It was a shared decision with Utica School to allow him or her to focus their tips nearer to their property location inside The latest York. Pending regulatory approvals, we will be starting another place using them throughout the Albany business and we will consider other relationship solutions when you look at the Florida.