APi Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	272	250	153	73	47	-153
Depreciation & Amortization	323	302	303	304	202	263
Asset Writedown & Restructuring Costs	-7	-16	9	22	-	197
Stock-Based Compensation	37	32	29	18	12	5
Other Operating Activities	124	93	70	-36	68	-30
Change in Accounts Receivable	-187	-11	-43	-217	-172	238
Change in Inventory	10	9	13	-30	-2	11
Change in Accounts Payable	68	16	-14	71	78	-24
Change in Unearned Revenue	95	46	51	71	19	17
Change in Other Net Operating Assets	-75	-101	-57	-6	-70	-28
Operating Cash Flow	660	620	514	270	182	496
Operating Cash Flow Growth	4.10%	20.62%	90.37%	48.35%	-63.31%	68.14%
Capital Expenditures	-88	-84	-86	-79	-55	-38
Sale of Property, Plant & Equipment	13	33	54	17	20	17
Cash Acquisitions	-305	-778	-83	-2,839	-86	-319
Investing Cash Flow	-380	-829	-115	-2,901	-121	-340
Long-Term Debt Issued	-	850	-	1,104	650	250
Total Debt Issued	-	850	-	1,104	650	250
Long-Term Debt Repaid	-	-437	-484	-64	-321	-21
Total Debt Repaid	-107	-437	-484	-64	-321	-21
Net Debt Issued (Repaid)	-107	413	-484	1,040	329	229
Issuance of Common Stock	-	458	-	797	676	3
Repurchase of Common Stock	-96	-13	-44	-47	-3	-32
Other Financing Activities	-16	-13	-4	-34	-85	-101
Financing Cash Flow	-219	245	-532	1,756	917	99
Foreign Exchange Rate Adjustments	6	-15	6	-9	-2	4
Net Cash Flow	67	21	-127	-884	976	259
Free Cash Flow	572	536	428	191	127	458
Free Cash Flow Growth	4.76%	25.23%	124.08%	50.39%	-72.27%	98.27%
Free Cash Flow Margin	7.47%	7.64%	6.18%	2.91%	3.22%	12.77%
Free Cash Flow Per Share	1.36	1.33	1.21	0.48	0.41	1.80
Cash Interest Paid	-	-	-	-	-	47
Cash Income Tax Paid	127	101	95	43	66	29
Levered Free Cash Flow	528.75	463.63	428.13	562	-262.5	398.38
Unlevered Free Cash Flow	619.38	554.88	518.75	640.13	-225	430.88
Change in Working Capital	-89	-41	-50	-111	-147	214

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