Aspen Group, Inc. (ASPU)

Aspen Group Cash Flow Statement

Financials in millions USD. Fiscal year is May - April.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020	Apr 30, 2019
Net Income	-8.35	-9.59	-10.45	-5.66	-9.28
Depreciation & Amortization	3.71	1.64	1.02	1.19	1.49
Other Amortization	1.53	2.66	7.81	1.39	0.78
Loss (Gain) From Sale of Assets	0.01	0.04	-	0	-
Stock-Based Compensation	1.34	2.59	4.01	2.28	1.2
Provision & Write-off of Bad Debts	1.7	1.5	2.27	1.43	0.85
Other Operating Activities	-0.42	-0.23	-0	0.11	0.06
Change in Accounts Receivable	-1.06	-9.2	-8.22	-8.72	-6.48
Change in Accounts Payable	0.36	0.43	-0.04	-0.19	-0.53
Change in Unearned Revenue	-0.02	-1.56	3.11	1.26	0.64
Change in Other Net Operating Assets	-3.13	0.45	1.47	1.16	1.04
Operating Cash Flow	-4.34	-11.28	0.99	-5.75	-10.22
Capital Expenditures	-2.49	-4.16	-8.85	-3.28	-2.53
Sale (Purchase) of Intangibles	-0.11	-0.17	-0.13	-0.01	-0.09
Investing Cash Flow	-2.6	-4.33	-8.98	-3.29	-2.62
Short-Term Debt Issued	-	5	-	-	-
Long-Term Debt Issued	-	10	-	-	10
Total Debt Issued	-	15	-	-	10
Long-Term Debt Repaid	-	-	-	-	-2
Total Debt Repaid	-	-	-	-	-2
Net Debt Issued (Repaid)	-	15	-	-	8
Issuance of Common Stock	0.01	0.19	3.75	18.23	7.6
Repurchase of Common Stock	-	-	-	-	-7.37
Other Financing Activities	-0.26	-0.34	-	-1.25	-0.22
Financing Cash Flow	-0.25	14.86	3.75	16.98	8
Net Cash Flow	-7.19	-0.75	-4.24	7.94	-4.84
Free Cash Flow	-6.83	-15.44	-7.86	-9.03	-12.75
Free Cash Flow Margin	-10.30%	-20.13%	-11.59%	-18.40%	-37.46%
Free Cash Flow Per Share	-0.27	-0.62	-0.33	-0.46	-0.69
Cash Interest Paid	1.91	0.47	0.31	1.21	0.12
Cash Income Tax Paid	0.05	0.03	0.06	0.05	-
Levered Free Cash Flow	-0.03	-15.9	3.82	-5.26	-9.59
Unlevered Free Cash Flow	0.94	-15.57	3.39	-4.5	-9.41
Change in Working Capital	-3.85	-9.89	-3.67	-6.5	-5.32

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.