← AMERICAN PUBLIC EDUCATION INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $24.2m |
$21.1m
-12.56%
|
$25.6m
+21.39%
|
$10.0m
-60.95%
|
$18.8m
+87.98%
|
$17.8m
-5.68%
|
($115.0m)
-747.77%
|
($47.3m)
+58.88%
|
$16.1m
+134.08%
|
$31.6m
+95.85%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | ($115.0m) |
($53.3m)
+53.67%
|
$10.1m
+118.87%
|
$25.3m
+151.62%
|
— | |
| Depreciation and amortization | $19.4m | $18.8m | $17.5m | $15.6m | $13.0m | $17.8m | $32.1m | $27.8m | $19.3m | $16.1m | $16.3m | |
| Amortization | $710k | $598k | $563k | $300k | $0 | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | — | — | $0 | $0 | $885k | $6.5m | $1.6m | $1.5m | $1.3m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | $15.8m | $12.2m | $3.3m | — | — | |
| Depreciation | $18.7m | $18.2m | $16.9m | $15.3m | $13.0m | $12.7m | $16.2m | $15.6m | $16.0m | $16.1m | $16.3m | |
| Deferred Income Tax Expense (Benefit) | ($455k) | ($2.5m) | ($917k) | ($2.0m) | ($811k) | $5.5m | ($42.7m) | ($15.5m) | $4.6m | $8.1m | $7.8m | |
| Share-based Payment Arrangement, Noncash Expense | $5.2m | $6.2m | $7.2m | $6.0m | $7.1m | $7.7m | $8.0m | $7.7m | $7.7m | $8.4m | $8.4m | |
| Share-based Payment Arrangement, Expense | $5.2m | $6.2m | $7.2m | $6.0m | $7.1m | $7.7m | $8.0m | $7.7m | $7.7m | $8.4m | $8.4m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | $823k | — | — | — | — | $0 | $0 | ($2.4m) | $1.6m | $1.5m | — | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $0 | $0 | $146.9m | $64.0m | $0 | $0 | — | |
| Goodwill, Impairment Loss | $4.7m | $0 | $0 | $7.3m | $0 | $0 | $131.4m | $53.0m | $0 | $0 | $144.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $0 | $0 | $0 | $0 | $15.5m | $26.5m | $26.5m | $0 | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | $0 | $15.5m | $26.5m | $26.5m | $0 | — | |
| Income (Loss) from Equity Method Investments | $703k | ($2.4m) | — | — | ($7k) | ($831k) | ($21k) | ($5.2m) | ($4.4m) | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($968k) | $187k | $6.9m | ($2.7m) | $6.3m | $7.6m | $2.0m | $8.6m | $11.5m | $5.3m | $1.0m | |
| Increase (Decrease) in Accounts Payable | $589k | $2.0m | $266k | ($5.6m) | ($86k) | $8.0m | ($10.2m) | $4.9m | ($816k) | ($1.9m) | $1.5m | |
| Net Cash Provided by (Used in) Operating Activities | $56.0m |
$47.9m
-14.42%
|
$44.2m
-7.84%
|
$38.4m
-13.15%
|
$44.8m
+16.78%
|
$16.3m
-63.70%
|
$29.2m
+79.62%
|
$45.5m
+55.79%
|
$48.9m
+7.38%
|
$62.0m
+26.79%
|
$88.3m
+42.45%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $13.8m | $10.9m | $9.4m | $7.3m | $4.9m | $11.8m | $16.4m | $13.9m | $21.1m | $15.9m | ($14.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($4.0m) | — | ($882k) | ($556k) | ($851k) | ($1.3m) | ($1.2m) | ($554k) | ($383k) | ($444k) | $4.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $2.3m | ($2.3m) | |
| Payments for (Proceeds from) Other Investing Activities | $2.6m | $3.9m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($13.5m) | ($13.6m) | ($9.4m) | ($7.3m) | ($4.2m) | ($336.7m) | ($13.7m) | ($13.8m) | ($21.1m) | $4.8m | $5.7m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | — | $2.2m | $73.9m | $114k | $3.0m | $213k | ($96.6m) | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $175.0m | $0 | $0 | — | — | $0 | |
| Payments for Repurchase of Common Stock | $847k | $1.6m | $1.8m | $40.5m | $15.7m | $3.0m | $1.5m | $10.7m | $4.2m | $4.3m | — | |
| Proceeds from Issuance of Common Stock | — | $98k | $0 | $0 | — | $86.2m | $0 | $0 | — | — | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($1.8m) |
($1.5m)
+19.47%
|
($1.8m)
-22.43%
|
($40.5m)
-2121.94%
|
($15.7m)
+61.23%
|
$242.3m
+1643.08%
|
($35.7m)
-114.74%
|
($16.9m)
+52.79%
|
($13.2m)
+21.75%
|
($49.2m)
-273.04%
|
($60.5m)
-22.85%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $40.6m | $32.9m | $32.9m | ($9.4m) | $24.9m | ($78.1m) | ($20.2m) | $14.9m | $14.6m | $17.6m | $221.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $40.6m | $32.9m | $212.1m | $202.7m | $227.7m | $149.6m | $129.5m | $144.3m | $158.9m | $176.5m | $221.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $0 | $0 | $3.7m | $12.5m | $10.6m | $10.7m | $9.6m | — | |
| Income Taxes Paid, Net | $16.6m | $12.8m | $12.7m | $8.0m | $5.9m | $7.5m | $4.0m | $2.4m | $6.3m | $2.4m | — | |
| Additional Financial Items | ||||||||||||
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ($5.1m) | ($2.1m) | ($900k) | ($600k) | — | — | — | — | — | ($1.5m) | — | |
| Gain (Loss) on Disposition of Assets | ($5.1m) | ($2.1m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | ($3.7m) | ($77k) | — | |
| General and Administrative Expense | $68.7m | $69.0m | $74.5m | $78.1m | $88.0m | $103.4m | $120.4m | $128.2m | $142.0m | $144.6m | — | |
| Goodwill | $33.9m | $33.9m | $33.9m | $26.6m | $26.6m | $243.5m | $112.6m | $59.6m | $59.6m | $59.6m | $144.9m | |
| Income Tax Expense (Benefit) | $14.9m | $11.5m | $9.3m | $5.2m | $7.0m | $7.5m | ($36.3m) | ($10.7m) | $10.4m | $12.1m | — | |
| Operating Lease, Expense | — | — | — | $2.6m | $2.9m | $7.5m | $19.9m | $20.7m | $18.9m | $16.9m | — | |
| Proceeds from Stock Options Exercised | $118k | $98k | $0 | $0 | — | — | — | — | $67k | $1.2m | — |