AppLovin Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,963	3,334	1,580	356.71	-192.95	35.34
Depreciation & Amortization	148.56	194.78	448.68	489.01	547.08	431.06
Stock-Based Compensation	232.51	210.42	369.37	363.11	191.61	133.18
Other Adjustments	-68.47	154.22	50.73	61.36	159.46	46.57
Change in Receivables	-512.94	-542.22	-467.03	-261.28	-174.83	-201.95
Changes in Accounts Payable	-67.01	232.49	189.59	98.57	3.48	98.61
Changes in Accrued Expenses	347.21	268.23	127.34	106.61	-6.41	3.06
Changes in Unearned Revenue	-	-	-	-	-14.71	-13.91
Changes in Other Operating Activities	176.69	119.43	-199.44	-152.58	-99.97	-170.12
Operating Cash Flow	4,431	3,971	2,099	1,062	412.77	361.85
Operating Cash Flow Growth	74.58%	89.19%	97.74%	157.17%	14.07%	62.35%
Capital Expenditures	-	-	-	-	-0.66	-1.39
Sale of Property, Plant & Equipment	-	-	-	-	41.31	12.01
Purchases of Investments	-1.5	-20.18	-76.98	-17.93	-66.34	-15
Payments for Business Acquisitions	-	-28.32	-25.55	-63.9	-1,346	-1,211
Proceeds from Business Divestments	194.95	407.3	-	-	-	-
Other Investing Activities	-1.63	-0.37	-4.22	4	-	-
Investing Cash Flow	375.85	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	-100	-200	-4,225	-497.99	-25.81	-719.81
Net Long-Term Debt Issued (Repaid)	-100	0	389.62	-102.71	-25.81	1,624
Issuance of Common Stock	17.92	25.33	41.8	25.79	31.02	1,779
Repurchase of Common Stock	-2,173	-2,192	-981.3	-1,154	-338.88	-
Net Common Stock Issued (Repurchased)	-2,155	-2,167	-939.5	-1,128	-307.86	1,779
Other Financing Activities	-254.24	-426.45	-1,200	-332.27	-193.18	-293.91
Financing Cash Flow	-2,603	-2,593	-1,750	-1,563	-526.85	3,110
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4.11	9.23	-3.15	0.78	-4.48	-3.2
Net Cash Flow	3,547	3,491	478.52	-1,157	-1,490	2,253
Free Cash Flow	4,431	3,971	2,099	1,062	412.11	360.46
Free Cash Flow Growth	11.58%	89.19%	97.74%	157.58%	14.33%	64.11%
FCF Margin	71.88%	72.46%	65.10%	57.64%	14.63%	12.91%
Free Cash Flow Per Share	13.01	11.61	6.03	2.93	1.11	1.05
Levered Free Cash Flow	4,516	4,049	2,526	694.5	210.06	2,007
Unlevered Free Cash Flow	4,659	4,421	2,451	1,247	383.87	461.8

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q