Perdoceo Education 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	159.91	147.59	147.65	95.87	109.64
Depreciation & Amortization	41.63	14.65	16.89	19.73	16.77
Loss (Gain) From Sale of Assets	-	-	-22.09	-	-
Asset Writedown & Restructuring Costs	0.01	4.45	14.26	2.99	-
Stock-Based Compensation	11.73	10.19	8.08	8.75	14.97
Provision & Write-off of Bad Debts	29.49	33.72	33.22	41.57	44.34
Other Operating Activities	3.83	2.66	3.76	-0.72	15.33
Change in Accounts Receivable	-4.9	-0	15.93	6.38	6.63
Change in Inventory	2.51	4.47	-2.99	2.64	3.29
Change in Accounts Payable	1.47	-0.73	-4.88	1.92	-2.74
Change in Unearned Revenue	1.1	-10.61	-34.38	-11.77	30.72
Change in Other Net Operating Assets	-21.54	-44.79	-63.43	-19.19	-47.83
Operating Cash Flow	225.24	161.59	112.03	148.19	191.12
Operating Cash Flow Growth	39.39%	44.25%	-24.40%	-22.46%	6.20%
Capital Expenditures	-8.58	-4.63	-6.41	-12.62	-10.45
Cash Acquisitions	0.85	-137.77	-6	-84.31	-57.14
Investment in Securities	-45.92	34.61	-76.1	-229.82	121.92
Investing Cash Flow	-53.64	-107.78	-88.51	-326.75	54.32
Long-Term Debt Repaid	-5.47	-1.13	-	-	-
Total Debt Repaid	-5.47	-1.13	-	-	-
Net Debt Issued (Repaid)	-5.47	-1.13	-	-	-
Issuance of Common Stock	1.64	2.23	2.55	1.2	0.86
Repurchase of Common Stock	-128.34	-10.21	-10.51	-24.73	-30.81
Common Dividends Paid	-36.86	-31.7	-14.42	-	-
Other Financing Activities	-2.06	-0.28	-1	-4.2	-
Financing Cash Flow	-171.07	-41.08	-23.38	-27.73	-29.95
Net Cash Flow	0.53	12.73	0.14	-206.29	215.49
Free Cash Flow	216.66	156.97	105.61	135.57	180.66
Free Cash Flow Growth	38.03%	48.63%	-22.09%	-24.96%	6.16%
Free Cash Flow Margin	25.61%	23.04%	14.88%	19.50%	26.07%
Free Cash Flow Per Share	3.27	2.33	1.56	1.96	2.55
Cash Income Tax Paid	49.35	46.84	41.75	28.94	23.22
Levered Free Cash Flow	167.2	125.67	84.33	118.35	151.11
Unlevered Free Cash Flow	171.24	126.06	84.59	118.6	151.68
Change in Working Capital	-21.36	-51.66	-89.75	-20.01	-9.93

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