American Public Education, Inc. (APEI)

American Public Education Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	135.42	116.66	102.52	122.63	226.49	201.44
Cash & Short-Term Investments	135.42	116.66	102.52	122.63	226.49	201.44
Cash Growth	5.92%	13.79%	-16.40%	-45.86%	12.43%	-4.27%
Accounts Receivable	42.65	50.97	42.35	36.03	17.65	11.33
Other Receivables	5.36	0.47	2.87	5.3	-	1.76
Receivables	48.01	51.45	45.22	41.33	17.65	13.08
Prepaid Expenses	17.68	13.03	11.41	11.68	6.47	7.09
Restricted Cash	26.83	27.68	26.94	27	1.2	1.3
Other Current Assets	8.56	8.56	-	-	-	-
Total Current Assets	236.5	217.38	186.09	202.64	251.81	222.91
Property, Plant & Equipment	190.29	187.53	209.76	180.36	77.18	90.15
Long-Term Investments	0.6	5.9	-	-	-	10.5
Goodwill	59.59	59.59	112.59	243.49	26.56	26.56
Other Intangible Assets	28.23	31.54	54.73	85.08	3.72	3.72
Long-Term Deferred Tax Assets	50.54	51.36	35.36	-	-	-
Other Long-Term Assets	3.82	4.09	16.52	14.04	11.75	1.05
Total Assets	569.59	557.39	615.06	725.61	371.02	354.9
Accounts Payable	10.46	8.66	3.81	13.5	3.76	3.55
Accrued Expenses	38.09	28.19	28.79	25.95	26.63	22.02
Current Portion of Long-Term Debt	-	-	-	8.75	-	-
Current Portion of Leases	13.54	13.31	14.4	13.71	2.39	2.28
Current Income Taxes Payable	-	-	-	-	0.18	-
Current Unearned Revenue	27.32	23.83	23.76	21.78	22.1	17.43
Total Current Liabilities	89.41	73.99	70.76	83.68	55.06	45.28
Long-Term Debt	93.09	94.68	93.15	151.77	-	-
Long-Term Leases	96.67	96.74	101.42	69.49	6.46	9.5
Long-Term Deferred Tax Liabilities	-	-	-	5.06	2.58	3.39
Total Liabilities	279.17	265.41	265.33	310	64.09	58.16
Common Stock	0.18	0.18	0.19	0.19	0.15	0.15
Additional Paid-In Capital	303.67	299.56	292.85	286.39	195.6	190.62
Retained Earnings	-53.31	-49.1	13.89	128.93	111.18	105.96
Comprehensive Income & Other	0.19	1.64	3.1	0.11	-	-
Total Common Equity	250.73	252.29	310.04	415.61	306.93	296.73
Shareholders' Equity	290.42	291.98	349.73	415.61	306.93	296.73
Total Liabilities & Equity	569.59	557.39	615.06	725.61	371.02	354.9
Total Debt	203.3	204.73	208.97	243.71	8.85	11.78
Net Cash (Debt)	-67.88	-88.07	-106.45	-121.09	217.64	189.66
Net Cash Growth	-	-	-	-	14.75%	-9.87%
Net Cash Per Share	-3.77	-4.86	-5.64	-6.63	14.46	11.67
Filing Date Shares Outstanding	17.71	17.51	19.03	18.86	18.64	14.93
Total Common Shares Outstanding	17.71	17.6	18.89	18.71	14.81	15.18
Working Capital	147.09	143.39	115.33	118.96	196.75	177.63
Book Value Per Share	14.16	14.33	16.41	22.21	20.73	19.55
Tangible Book Value	162.9	161.15	142.71	87.04	276.64	266.45
Tangible Book Value Per Share	9.20	9.15	7.55	4.65	18.68	17.56
Land	-	8.27	8.8	8.95	9.02	9.24
Buildings	-	40.11	50.59	51.94	53.31	54.59
Machinery	-	47.48	43.04	39.08	29.26	32.04
Leasehold Improvements	-	42.92	37.16	30.34	1.57	1.54

Source: S&P Capital IQ. Standard template. Financial Sources.