AppFolio Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	140.92	204.07	2.7	-68.12	1.03
Depreciation & Amortization	16.67	9.37	11.92	10.41	10.73
Other Amortization	19.32	22.19	28.72	23.6	21.5
Loss (Gain) From Sale of Assets	-	-	-	-4.16	-0.38
Asset Writedown & Restructuring Costs	-	-	-	22.02	-
Loss (Gain) From Sale of Investments	-	-	-	-	-12.77
Stock-Based Compensation	70.79	60.33	52.36	43.23	17.15
Other Operating Activities	16.02	-85.16	-7.88	-0.86	0.5
Change in Accounts Receivable	-12.53	-3.38	-4.21	-4.2	-2.1
Change in Accounts Payable	1.77	1.56	-1.57	1.18	0.5
Change in Other Net Operating Assets	-10.86	-20.81	-21.77	2.26	-0.77
Operating Cash Flow	242.11	188.16	60.28	25.37	35.39
Operating Cash Flow Growth	28.67%	212.13%	137.66%	-28.33%	-26.72%
Capital Expenditures	-3.16	-2.02	-9.04	-6.54	-8.1
Cash Acquisitions	-0.91	-77.42	-	-	-
Divestitures	-	-	-	5.12	0.4
Sale (Purchase) of Intangibles	-3.44	-5.17	-4.83	-14.69	-24.62
Investment in Securities	17.75	-67.15	-41.72	9.64	-78.14
Investing Cash Flow	10.24	-151.76	-55.58	-6.47	-110.46
Issuance of Common Stock	1.09	3.92	2.6	4.47	2.61
Repurchase of Common Stock	-188.97	-47.33	-28.56	-10.64	-9.96
Financing Cash Flow	-187.89	-43.4	-25.96	-6.16	-7.35
Net Cash Flow	64.46	-7.01	-21.26	12.74	-82.42
Free Cash Flow	238.95	186.14	51.24	18.83	27.29
Free Cash Flow Growth	28.37%	263.26%	172.20%	-31.01%	-6.74%
Free Cash Flow Margin	25.13%	23.44%	8.26%	3.99%	7.59%
Free Cash Flow Per Share	6.58	5.06	1.41	0.54	0.76
Cash Income Tax Paid	28.84	14.02	8.09	3.34	9.32
Levered Free Cash Flow	193.78	165.84	73.52	26.51	6.74
Unlevered Free Cash Flow	193.78	165.84	73.52	26.51	6.74
Change in Working Capital	-21.62	-22.64	-27.54	-0.77	-2.37

Source: S&P Global Market Intelligence. Standard template. Financial Sources.