American Public Education, Inc. (APEI)

NASDAQ: APEI · Real-Time Price · USD

45.86

+0.85 (1.89%)

At close: Mar 9, 2026, 4:00 PM EDT

45.79

-0.07 (-0.15%)

After-hours: Mar 9, 2026, 6:15 PM EDT

American Public 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	31.91	16.11	-47.29	-114.99	17.75	18.82
Depreciation & Amortization	15.89	19.3	27.82	32.13	17.83	12.98
Stock-Based Compensation	8.3	7.67	7.74	8.01	7.65	7.08
Other Adjustments	16.26	11.94	57.84	108.86	8.54	0.07
Change in Receivables	-3.39	-11.49	-8.62	-2.05	-7.64	-6.33
Changes in Accounts Payable	0.64	-0.82	4.86	-10.21	8.03	-0.09
Changes in Accrued Expenses	5.82	6.09	-0.61	2.78	-7.84	5.52
Changes in Income Taxes Payable	0.02	-0.48	2.4	2.43	-5.48	1.94
Changes in Unearned Revenue	-1.06	-0.36	0.07	0.02	-23.06	4.68
Changes in Other Operating Activities	-2.37	0.9	1.31	2.25	0.48	0.14
Operating Cash Flow	75.12	48.87	45.51	29.22	16.27	44.81
Operating Cash Flow Growth	70.21%	7.38%	55.79%	79.62%	-63.70%	16.78%
Capital Expenditures	-15.15	-21.08	-13.9	-16.39	-11.83	-4.93
Sale of Property, Plant & Equipment	22.96	-	0.12	0.77	0.67	0.77
Other Investing Activities	-	-	-	1.95	-325.51	-
Investing Cash Flow	7.1	-21.08	-13.77	-13.67	-336.67	-4.16
Long-Term Debt Issued	-	-	-	-	175	-
Long-Term Debt Repaid	-0.24	-2.96	-0.11	-73.86	-2.19	-
Net Long-Term Debt Issued (Repaid)	-0.24	-2.96	-0.11	-73.86	172.81	-
Issuance of Common Stock	0.27	0.07	-	-	86.21	-
Repurchase of Common Stock	-3.94	-4.24	-10.74	-1.54	-3.03	-15.71
Net Common Stock Issued (Repurchased)	-3.68	-4.17	-10.74	-1.54	83.17	-15.71
Issuance of Preferred Stock	-	-	-	39.69	-	-
Repurchase of Preferred Stock	-21.64	-	-	-	-	-
Net Preferred Stock Issued (Repurchased)	-21.64	-	-	39.69	-	-
Preferred Share Dividends Paid	-4.21	-6.06	-6.01	-	-	-
Other Financing Activities	-	-	-	-	-13.64	-
Financing Cash Flow	-51.32	-13.19	-16.86	-35.71	242.34	-15.71
Net Cash Flow	30.9	14.6	14.88	-20.17	-78.06	24.95
Free Cash Flow	59.97	27.79	31.62	12.83	4.44	39.88
Free Cash Flow Growth	115.78%	-12.11%	146.52%	189.07%	-88.88%	28.18%
FCF Margin	9.16%	4.45%	5.27%	2.12%	1.06%	12.39%
Free Cash Flow Per Share	3.24	1.53	1.74	0.68	0.24	2.65
Levered Free Cash Flow	28.71	10.66	-31.46	-175.91	168.69	39.07
Unlevered Free Cash Flow	39.15	25.49	-16.55	-91.41	-0.25	38.28

Updated Nov 10, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q