For that reason installment, this new $5 million losses reserve is actually corrected throughout the last one-fourth. 7 million as well as the $31 mil which had been a good online off credit is actually paid during the early November. We typed away from $step one.one million off deferred capital can cost you during the time the financing agreement are terminated. I repurchased 5,326,447 shares of our own popular inventory on the last one-fourth out-of 2021 at a cost of around $443.seven mil, plus one dos,685,744 shares at a high price from $225.5 million after .
I have $369.nine million left readily available to date. Within the , the brand new board regarding administrators enhanced the newest consent around all of our inventory repurchase program by $175 million showing an aggregate consent getting show repurchases since the initiation in our program from $1.6 billion while they once more purchased having fun with a substantial portion of our projected websites cash moves to buy stock. We imagine we will use the remainder continues from the installment of protected note of the mid in order to late February and kept $175 billion could well be purchased along side rest of 2020.
Complete open-ended dollars and you may brief-term opportunities on , was $600
nine billion. GCE capex regarding the 4th quarter off 2021, in addition to capex for new off-university classroom and you may research websites are around $eight.5 million otherwise 3% out-of web revenue, taking the overall getting 2021 in order to $twenty eight.nine million. This was less than the brand new $31 billion in order to $35 million we got predict mainly because of the delays from inside the expend on the newest sites we had wished to open into the 2022. I greeting capex to have 2022 could be between $31 billion and $thirty five billion.
Next, I want to offer colour toward pointers i have considering having 2022. The fresh recommendations that we possess offered is still non-GAAP due to the fact modified net gain so that as modified diluted income each express, even as we prohibit amortization out of received intangible assets. Consistent with the early in the day 12 months, you will find provided ranges to possess cash, operating margin and you can money for every express for every single of your five household of 2022. I do that because our very own economic email address details are regular.
The newest top quality your cash diversity assumes the next: GCU ground enrollment increases so you’re able to 21,304 on spring season, 6,560 during the summer Arizona loan and you may twenty five,551 on the slip. For example GCU’s hybrid people. Home-based youngsters was estimated to enhance so you’re able to fourteen,500 regarding the springtime and you may 16,700 on the fall.
As a result of the refinancing our very own credit contract, having its a term loan facility and you can a great rotating borrowing facility try terminated together with kept name loan balance off $83
Our company is optimistic one to the fresh new online enrollments might possibly be off simply somewhat year more than year in the 1st one-fourth compared to good extremely difficult compensation. But the top quality of one’s pointers assumes on we shall come back so you can the brand new enrollment development in another one-fourth out-of 2022. Therefore, we are upbeat overall on line registration and this began the year off 5.5% usually return to confident year-over-seasons development in the second half of 2022. A high end in our advice assumes your Expidited Bachelors from inside the Medical revenue at the from-university classroom and you can laboratory internet sites, increases regarding middle-teens seasons more than 12 months, when you’re occupational procedures enrollment usually stabilize regarding the second half of 2022, so it might possibly be around flat seasons more 12 months by the the termination of the entire year.
Cash and you will subscription in 2022 will be a little affected by the latest structured closure off several web sites — of the two internet from inside the Florida. This was a combined decision having Utica College or university to allow her or him working the tips closer to their residence venue inside the Brand new York. Pending regulatory approvals, we are opening an alternate place using them regarding Albany industry and we’ll think almost every other commitment ventures into the Fl.
