Perdoceo Education 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	156.03	147.59	147.65	95.87	109.64	124.26
Depreciation & Amortization	37.48	14.65	16.89	19.73	16.77	14.79
Loss (Gain) From Sale of Assets	-	-	-22.09	-	-	-
Asset Writedown & Restructuring Costs	1.99	4.45	14.26	2.99	-	0.61
Stock-Based Compensation	11.41	10.19	8.08	8.75	14.97	13.38
Provision & Write-off of Bad Debts	33.28	33.72	33.22	41.57	44.34	47.56
Other Operating Activities	1.86	2.66	3.76	-0.72	15.33	20.35
Change in Accounts Receivable	-0	-0	15.93	6.38	6.63	7.09
Change in Inventory	4.47	4.47	-2.99	2.64	3.29	3.03
Change in Accounts Payable	-0.73	-0.73	-4.88	1.92	-2.74	0.37
Change in Unearned Revenue	-10.61	-10.61	-34.38	-11.77	30.72	5.14
Change in Other Net Operating Assets	-32.44	-44.79	-63.43	-19.19	-47.83	-56.63
Operating Cash Flow	202.73	161.59	112.03	148.19	191.12	179.96
Operating Cash Flow Growth	28.97%	44.25%	-24.40%	-22.46%	6.20%	146.23%
Capital Expenditures	-7.97	-4.63	-6.41	-12.62	-10.45	-9.77
Cash Acquisitions	-136.91	-137.77	-6	-84.31	-57.14	-39.82
Investment in Securities	0.02	34.61	-76.1	-229.82	121.92	-116.42
Other Investing Activities	-	-	-	-	-	0.1
Investing Cash Flow	-144.87	-107.78	-88.51	-326.75	54.32	-165.91
Long-Term Debt Repaid	-	-1.13	-	-	-	-
Total Debt Repaid	-5.3	-1.13	-	-	-	-
Net Debt Issued (Repaid)	-5.3	-1.13	-	-	-	-
Issuance of Common Stock	1.65	2.23	2.55	1.2	0.86	5.72
Repurchase of Common Stock	-74.27	-10.21	-10.51	-24.73	-30.81	-18.77
Common Dividends Paid	-35.93	-31.7	-14.42	-	-	-
Other Financing Activities	-2.06	-0.28	-1	-4.2	-	-
Financing Cash Flow	-115.91	-41.08	-23.38	-27.73	-29.95	-13.05
Net Cash Flow	-58.04	12.73	0.14	-206.29	215.49	1
Free Cash Flow	194.76	156.97	105.61	135.57	180.66	170.19
Free Cash Flow Growth	27.64%	48.63%	-22.09%	-24.96%	6.16%	150.60%
Free Cash Flow Margin	24.02%	23.04%	14.88%	19.50%	26.07%	24.76%
Free Cash Flow Per Share	2.92	2.33	1.56	1.96	2.55	2.39
Cash Income Tax Paid	46.84	46.84	41.76	28.94	23.22	0.61
Levered Free Cash Flow	138.81	125.67	84.33	118.35	151.11	115.51
Unlevered Free Cash Flow	141.91	126.06	84.59	118.6	151.68	115.62
Change in Working Capital	-39.31	-51.66	-89.75	-20.01	-9.93	-40.99

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