Lincoln Educational Services Corporation (LINC)

NASDAQ: LINC · Real-Time Price · USD

29.80

-0.58 (-1.91%)

At close: Aug 12, 2026, 4:00 PM EDT

29.87

+0.07 (0.23%)

After-hours: Aug 12, 2026, 7:53 PM EDT

LINC Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	22.8	20	9.89	26	12.63	34.72
Depreciation & Amortization	26.11	19.16	11.33	6.6	6.36	7.14
Stock-Based Compensation	6	5.49	4.63	5.89	3.11	2.89
Other Adjustments	66.49	61.8	57.93	16.51	36.67	15.59
Change in Receivables	-61.91	-53.65	-65.98	-45.76	-48.64	-26.5
Changes in Inventories	0.43	-0.93	-0.18	-0.33	0.1	-0.33
Changes in Accounts Payable	-0.28	-9.29	11.58	5.04	-2.03	-3.68
Changes in Accrued Expenses	1.26	6.44	-1.67	5.03	-7.02	-1.02
Changes in Income Taxes Payable	-	-1.07	-1.76	0.78	1.04	0.53
Changes in Unearned Revenue	23.84	13.53	3.77	2.75	-1.25	1.95
Changes in Other Operating Activities	9.29	-2.16	-0.24	3.06	-0.1	-3.84
Operating Cash Flow	94.02	59.31	29.31	25.56	0.88	27.45
Operating Cash Flow Growth	237.90%	102.38%	14.67%	2797.73%	-96.79%	16.87%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Capital Expenditures	-69.49	-86.63	-56.87	-40.7	-8.99	-7.53
Sale of Property, Plant & Equipment	-0.04	0.43	9.9	33.31	2.39	45.38
Purchases of Investments	-	-	-	-24.34	-14.76	-
Proceeds from Sale of Investments	-	-	-	39.1	-	-
Investing Cash Flow	-69.53	-86.2	-46.97	7.37	-21.35	37.85

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Long-Term Debt Issued	90	45	-	-	-	-
Long-Term Debt Repaid	-77	-45	-	-	-	-17.83
Net Long-Term Debt Issued (Repaid)	13	0	-	-	-	-17.83
Repurchase of Common Stock	-6.82	-3.79	-3.37	-2.95	-11.44	-0.96
Net Common Stock Issued (Repurchased)	-6.82	-3.79	-3.37	-2.95	-11.44	-0.96
Preferred Share Dividends Paid	-	-	-	-	-1.11	-1.22
Other Financing Activities	-3.2	-0.08	0.04	-	-	-
Financing Cash Flow	2.99	-3.87	-3.33	-2.95	-12.55	-20.01

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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 Cash Flow	27.48	-30.75	-21	29.98	-33.02	45.28

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	24.53	-27.32	-27.56	-15.14	-8.1	19.92
Free Cash Flow Growth	-	-	-	-	-	11.23%
FCF Margin	4.30%	-5.27%	-6.26%	-4.00%	-2.33%	5.94%
Free Cash Flow Per Share	0.78	-0.87	-0.89	-0.50	-0.25	0.62
Levered Free Cash Flow	7.95	-40.96	-24.14	8.22	-0.36	8.88
Unlevered Free Cash Flow	17.61	-37.75	-23.82	6.55	0.63	29.42

SEC Filings: 10-K · 10-Q