ITT Educational Services Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue of $368,263,000 against $410,126,000 for the same period a year ago. Operating income was $126,571,000 against $162,389,000 a year ago. Income before provision for income taxes was $126,749,000 against $162,523,000 a year ago. Net income was $76,048,000 or $2.87 per diluted share against $97,498,000 or $3.14 per diluted share a year ago. Net cash flows from operating activities were $96,013,000 against $195,385,000 a year ago. Facility expenditures and land purchases were $924,000 against $1,750,000 a year ago. Capital expenditures, net were $6,834,000 against $6,182,000 a year ago. For the full year, the company reported revenue of $1,499,949,000 against $1,596,529,000 for the same period a year ago. Operating income was $507,076,000 against $613,549,000 a year ago. Income before provision for income taxes was $508,153,000 against $614,135,000 a year ago. Net income was $307,752,000 or $11.13 per diluted share against $374,166,000 or $11.17 per diluted share a year ago. Net cash flows from operating activities were $387,832,000 against $558,560,000 a year ago. Facility expenditures and land purchases were $4,053,000 against $6,118,000 a year ago. Capital expenditures, net were $26,847,000 against $26,811,000 a year ago.