American Public Education, Inc. (APEI) quarterly cash flow statement — complete operating, investing & financing history
| Cash from Operations | 63.3M | -11.55M | 21.71M | 14.81M | 37M | 1.6M | 14.07M | 12.45M | 20.74M | -3.14M | 20.16M | 15.74M |
| Operating CF Margin % | 36.23% | -7.3% | 13.3% | 9.1% | 22.48% | 0.97% | 9.19% | 8.15% | 13.43% | -2.06% | 13.36% | 10.69% |
| Operating CF Growth % | 71.1% | -822.39% | 54.24% | 18.91% | 78.36% | 150.88% | -30.18% | -20.88% | 62.6% | 86.35% | 194.11% | -21.83% |
| Net Income | 17.73M | 12.61M | 5.56M | 4.5M | 8.89M | 12.96M | 2.26M | 371K | 516K | 13.01M | -3.33M | -51.23M |
| Depreciation & Amortization | 4.15M | 4.12M | 3.95M | 4.09M | 3.99M | 3.86M | 5.08M | 5.23M | 5.13M | 5.08M | 7.03M | 7.95M |
| Stock-Based Compensation | 0 | 2.22M | 1.63M | 2.24M | 2.26M | 2.17M | 1.76M | 1.82M | 1.92M | 1.72M | 1.73M | 2.07M |
| Deferred Taxes | 929K | 899K | 5.88M | 109K | 1.25M | 3.23M | 567K | -94K | 343K | -2.69M | 4.02M | -18.02M |
| Other Non-Cash Items | 4.34M | 195K | 3.19M | 375K | 2.1M | 2.12M | 388K | 1.64M | 3.74M | 3.36M | 5.61M | 64.44M |
| Working Capital Changes | 36.15M | -31.59M | 1.5M | 3.5M | 18.5M | -22.75M | 4.02M | 3.48M | 9.1M | -23.61M | 5.1M | 10.53M |
| Change in Receivables | 26.95M | -21.75M | -8.46M | 4.3M | 20.59M | -19.82M | -3.82M | 5.74M | 6.4M | -21.93M | 1.41M | 6.61M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 3.32M | -2.89M | -1.19M | 2.22M | 2K | -2.61M | 3.46M | -339K | -1.32M | 687K | 2.32M | -1.14M |
| Cash from Investing | -2.53M | -5.65M | -4.9M | 18.75M | -3.4M | -3.35M | -6.31M | -5.2M | -6.22M | -4.39M | -2.83M | -3.35M |
| Capital Expenditures | -2.53M | -4.07M | -4.2M | -3.7M | -3.9M | -3.35M | -6.31M | -5.2M | -6.22M | -4.39M | -2.95M | -3.35M |
| CapEx % of Revenue | 1.45% | 2.57% | 2.57% | 2.27% | 2.37% | 2.04% | 4.12% | 3.4% | 4.03% | 2.87% | 1.96% | 2.27% |
| Acquisitions | 0 | 22.45M | -700K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -24.04M | 0 | 22.45M | 500K | 0 | 0 | 0 | 0 | 0 | 123K | 0 |
| Cash from Financing | -16.28M | 559K | -248K | -44.48M | -5.04M | -1.55M | -1.71M | -4.26M | -5.67M | -3.28M | -1.58M | -9.15M |
| Debt Issued (Net) | -7.58M | -53K | -53K | -54K | -53K | -81K | -82K | -2.77M | -28K | -29K | -28K | -29K |
| Equity Issued (Net) | -8.69M | 612K | -195K | -30K | -3.69M | -13K | -92K | -25K | -4.11M | -1.71M | -27K | -7.63M |
| Dividends Paid | 0 | 0 | 0 | -1.32M | -1.43M | -1.46M | -1.53M | -1.53M | -1.53M | -1.54M | -1.52M | -1.49M |
| Share Repurchases | -8.71M | -333K | -302K | -30K | -3.69M | -13K | -92K | -25K | -4.11M | -1.71M | -27K | -7.63M |
| Other Financing | 0 | 0 | 0 | -43.08M | 143K | 0 | 0 | 67K | 0 | 0 | 0 | 0 |
| Net Change in Cash | 44.5M | -16.64M | 16.57M | -10.92M | 28.56M | -3.31M | 6.06M | 2.99M | 8.86M | -10.81M | 15.75M | 3.24M |
| Free Cash Flow | 60.78M | -15.62M | 17.51M | 11.11M | 33.1M | -1.75M | 7.76M | 7.26M | 14.53M | -7.53M | 17.21M | 12.39M |
| FCF Margin % | 34.78% | -9.86% | 10.73% | 6.83% | 20.11% | -1.07% | 5.07% | 4.75% | 9.41% | -4.93% | 11.41% | 8.42% |
| FCF Growth % | 83.64% | -789.97% | 125.6% | 53.13% | 127.84% | 76.7% | -54.88% | -41.46% | 52.07% | 73.58% | 428.12% | -21.52% |
| FCF per Share | 3.23 | -0.84 | 0.93 | 0.62 | 1.80 | -0.10 | 0.43 | 0.40 | 0.82 | -0.42 | 0.97 | 0.69 |
| FCF Conversion (FCF/Net Income) | 3.57x | -0.92x | 3.90x | 3.29x | 4.16x | 0.12x | 6.22x | 33.57x | 40.20x | -0.24x | -6.06x | -0.31x |
| Interest Paid | 0 | 0 | 0 | 2.42M | 2.4M | 2.54M | 2.75M | 2.72M | 2.71M | 2.74M | 2.72M | 2.63M |
| Taxes Paid | 0 | 0 | 0 | 3.98M | 80K | 281K | 1.73M | 3.68M | 618K | 866K | 16K | 1.47M |