Apollo Group (APOL) Q4 2011 Earnings Call October 19, 2011 8:00 am ET Executives Charles B. Edelstein - Co-Chief Executive Officer and Director Joseph L. D'Amico - President and Chief Operating Officer Brian L. Swartz - Chief Financial Officer and Senior Vice President of Finance Beth Coronelli - Gregory W. Cappelli - Co-Chief Executive Officer, Director and Chairman of Apollo Global Inc Analysts Trace A. Urdan - Wunderlich Securities Inc., Research Division Paul Ginocchio - Deutsche Bank AG, Research Division Peter P. Appert - Piper Jaffray Companies, Research Division Sara Gubins - BofA Merrill Lynch, Research Division Jerry R. Herman - Stifel, Nicolaus & Co., Inc., Research Division Suzanne E. Stein - Morgan Stanley, Research Division Amy W. Junker - Robert W. Baird & Co. Incorporated, Research Division Jeffrey M. Silber - BMO Capital Markets U.S. Andrew C. Steinerman - JP Morgan Chase & Co, Research Division James Samford - Citigroup Inc, Research Division Corey Greendale - First Analysis Securities Corporation, Research Division Michael Tarkan - FBR Capital Markets & Co., Research Division Patrick Elgrably - Crédit Suisse AG, Research Division Gary E. Bisbee - Barclays Capital, Research Division Brandon Burke Dobell - William Blair & Company L.L.C., Research Division PresentationOperator
Good morning, ladies and gentlemen, and welcome to the fourth quarter and 2011 fiscal year-end and earnings release conference call. [Operator Instructions] This conference call is being recorded today, October 19, 2011, and may not be reproduced in whole or in part without permission from the company. There will be a replay of this call available through October 28, beginning approximately 2 hours after we conclude today. The replay number is (800) 642-1687 or (706) 645-9291 internationally. The conference ID for the replay is 12862966. I would now like to turn the call over to Beth Coronelli, Vice President of Investor Relations. Mrs. Coronelli, go ahead, please. Beth Coronelli Thank you. Thank you for joining us today to discuss our fourth quarter results. Participating on the call today are Chas Edelstein, Co-Chief Executive Officer; Greg Cappelli, Co-Chief Executive Officer and Chairman of Apollo Global; and Brian Swartz, Senior Vice President and Chief Financial Officer. Our President, Joe D'Amico, is also here and will be available during the Q&A portion of the call.