AppLovin 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	3,334	1,580	356.71	-192.75	35.45
Depreciation & Amortization	123.1	122.15	117.74	543.94	431.06
Other Amortization	-	-	-	12.68	12.83
Loss (Gain) From Sale of Assets	-106.23	-	-	127.89	-
Asset Writedown & Restructuring Costs	260.62	326.53	371.27	3.15	-
Loss (Gain) From Sale of Investments	50	-	27.95	-	-
Stock-Based Compensation	210.42	369.37	363.11	191.61	133.18
Other Operating Activities	21.51	50.73	33.41	18.69	33.64
Change in Accounts Receivable	-542.22	-467.03	-261.28	-174.83	-201.95
Change in Accounts Payable	232.49	189.59	98.57	3.48	98.61
Change in Unearned Revenue	-	-	-	-14.71	-13.91
Change in Other Net Operating Assets	387.66	-72.1	-45.97	-106.38	-167.05
Operating Cash Flow	4,015	2,099	1,062	412.77	361.85
Operating Cash Flow Growth	91.30%	97.74%	157.17%	14.07%	62.35%
Capital Expenditures	-	-	-	-0.66	-1.39
Sale of Property, Plant & Equipment	-	-	-	41.31	12.01
Cash Acquisitions	-	-	-	-1,346	-1,211
Divestitures	407.3	-	-	-	-
Sale (Purchase) of Intangibles	-28.32	-25.55	-63.9	-	-
Investment in Securities	-20.18	-76.98	-17.93	-66.34	-15
Other Investing Activities	-0.37	-4.22	4	-	-
Investing Cash Flow	358.43	-106.75	-77.83	-1,371	-1,215
Long-Term Debt Issued	200	4,615	395.28	-	2,344
Long-Term Debt Repaid	-218.67	-4,246	-518.16	-49.89	-746.74
Net Debt Issued (Repaid)	-18.67	368.74	-122.88	-49.89	1,597
Issuance of Common Stock	25.33	41.8	25.79	31.02	1,779
Repurchase of Common Stock	-2,584	-2,125	-1,400	-366.42	-
Other Financing Activities	-15.38	-35.56	-65.67	-141.56	-266.98
Financing Cash Flow	-2,593	-1,750	-1,563	-526.85	3,110
Foreign Exchange Rate Adjustments	9.23	-3.15	0.78	-4.48	-3.2
Net Cash Flow	1,790	239.26	-578.33	-1,490	2,253
Free Cash Flow	4,015	2,099	1,062	412.11	360.46
Free Cash Flow Growth	91.30%	97.74%	157.58%	14.33%	64.11%
Free Cash Flow Margin	73.27%	65.11%	57.64%	14.63%	12.90%
Free Cash Flow Per Share	11.74	6.04	2.93	1.11	1.05
Cash Interest Paid	198.79	270.62	248.83	165.96	76.7
Cash Income Tax Paid	194.84	67.33	75.43	86.26	90.62
Levered Free Cash Flow	2,699	1,294	654.69	1,424	-721.97
Unlevered Free Cash Flow	2,829	1,475	822.92	1,519	-680.88
Change in Working Capital	77.92	-349.54	-208.67	-292.44	-284.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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