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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	129.8	116.66	102.52	122.63	226.49	201.44
Cash & Short-Term Investments	129.8	116.66	102.52	122.63	226.49	201.44
Cash Growth	15.06%	13.79%	-16.40%	-45.86%	12.43%	-4.27%
Accounts Receivable	38.83	50.97	42.35	36.03	17.65	11.33
Other Receivables	4.08	0.47	2.87	5.3	-	1.76
Receivables	42.91	51.45	45.22	41.33	17.65	13.08
Prepaid Expenses	15.83	13.03	11.41	11.68	6.47	7.09
Restricted Cash	26.39	27.68	26.94	27	1.2	1.3
Other Current Assets	8.56	8.56	-	-	-	-
Total Current Assets	223.5	217.38	186.09	202.64	251.81	222.91
Property, Plant & Equipment	192.19	187.53	209.76	180.36	77.18	90.15
Long-Term Investments	1.5	5.9	-	-	-	10.5
Goodwill	59.59	59.59	112.59	243.49	26.56	26.56
Other Intangible Assets	29.03	31.54	54.73	85.08	3.72	3.72
Long-Term Deferred Tax Assets	51.11	51.36	35.36	-	-	-
Other Long-Term Assets	3.79	4.09	16.52	14.04	11.75	1.05
Total Assets	560.7	557.39	615.06	725.61	371.02	354.9
Accounts Payable	7	8.66	3.81	13.5	3.76	3.55
Accrued Expenses	34	28.19	28.79	25.95	26.63	22.02
Current Portion of Long-Term Debt	-	-	-	8.75	-	-
Current Portion of Leases	12.25	13.31	14.4	13.71	2.39	2.28
Current Income Taxes Payable	-	-	-	-	0.18	-
Current Unearned Revenue	25.62	23.83	23.76	21.78	22.1	17.43
Total Current Liabilities	78.88	73.99	70.76	83.68	55.06	45.28
Long-Term Debt	92.75	94.68	93.15	151.77	-	-
Long-Term Leases	100.38	96.74	101.42	69.49	6.46	9.5
Long-Term Deferred Tax Liabilities	-	-	-	5.06	2.58	3.39
Total Liabilities	272.01	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	302	299.56	292.85	286.39	195.6	190.62
Retained Earnings	-54.04	-49.1	13.89	128.93	111.18	105.96
Comprehensive Income & Other	0.87	1.64	3.1	0.11	-	-
Total Common Equity	249	252.29	310.04	415.61	306.93	296.73
Shareholders' Equity	288.7	291.98	349.73	415.61	306.93	296.73
Total Liabilities & Equity	560.7	557.39	615.06	725.61	371.02	354.9
Total Debt	205.38	204.73	208.97	243.71	8.85	11.78
Net Cash (Debt)	-75.59	-88.07	-106.45	-121.09	217.64	189.66
Net Cash Growth	-	-	-	-	14.75%	-9.87%
Net Cash Per Share	-4.23	-4.86	-5.64	-6.63	14.46	11.67
Filing Date Shares Outstanding	17.7	17.51	19.03	18.86	18.64	14.93
Total Common Shares Outstanding	17.67	17.6	18.89	18.71	14.81	15.18
Working Capital	144.62	143.39	115.33	118.96	196.75	177.63
Book Value Per Share	14.09	14.33	16.41	22.21	20.73	19.55
Tangible Book Value	160.39	161.15	142.71	87.04	276.64	266.45
Tangible Book Value Per Share	9.08	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.