American Public Education Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Public Education free cash flow
In fiscal 2025, American Public Education generated $62.0 million of operating cash flow and spent $15.9 million on capital expenditures. That left free cash flow of $46.1 million, a free-cash-flow margin of 7.1% of revenue. Free cash flow was up 65.9% from the prior year's $27.8 million.
American Public Education returned $4.3 million to shareholders through share repurchases, equal to 9% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
American Public Education cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 31.56M | 16.11M | -47.29M | -114.99M | 17.75M | 18.82M | 10.01M | 25.64M | 21.12M | 24.16M |
| Net Income growth (YoY) | +95.85% | — | — | -747.77% | -5.68% | +87.98% | -60.95% | +21.39% | -12.56% | -25.48% |
| Depreciation & Amortization | 16.15M | 19.30M | 27.82M | 32.13M | 17.83M | 12.98M | 15.60M | 17.50M | 18.78M | 19.38M |
| Stock-Based Compensation | 8.35M | 7.67M | 7.74M | 8.01M | 7.65M | 7.08M | 5.96M | 7.18M | 6.25M | 5.21M |
| Change in Working Capital | -6.76M | -11.52M | -6.26M | -8.80M | -28.62M | 1.71M | 508.00K | -7.05M | -854.00K | -6.92M |
| Operating Cash Flow | 61.97M | 48.87M | 45.51M | 29.21M | 16.27M | 44.81M | 38.37M | 44.18M | 47.94M | 56.01M |
| Capital Expenditures | -15.86M | -21.08M | -13.89M | -16.39M | -11.83M | -4.93M | -7.25M | -9.43M | -14.79M | -16.40M |
| Investing Cash Flow | 4.80M | -21.08M | -13.77M | -13.67M | -336.67M | -4.16M | -7.25M | -9.43M | -13.60M | -13.55M |
| Share Repurchases | -4.26M | -4.24M | -10.74M | -1.54M | -3.03M | -15.71M | -40.51M | -1.82M | -1.59M | -848.00K |
| Debt Issued | — | — | 0 | 0 | 175.00M | 0 | 0 | — | — | — |
| Debt Repaid | -213.00K | -2.96M | -114.00K | -73.86M | -2.19M | 0 | 0 | — | — | — |
| Financing Cash Flow | -49.21M | -13.19M | -16.86M | -35.71M | 242.34M | -15.71M | -40.51M | -1.82M | -1.49M | -1.85M |
| Net Change in Cash | 17.56M | 14.60M | 14.88M | -20.17M | -78.06M | 24.95M | -9.39M | 32.93M | 32.85M | 40.62M |
| Free Cash Flow | 46.10M | 27.79M | 31.62M | 12.83M | 4.44M | 39.88M | 31.11M | 34.75M | 33.15M | 39.62M |
This table shows 10 annual periods of American Public Education's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow APEI's reporting calendar. What is a cash flow statement?