Strategic Education, Inc. (STRA) quarterly cash flow statement — complete operating, investing & financing history
Strategic Education, Inc. (STRA) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 56.95M | 42.01M | 87.37M | 39.2M | 60.14M | 31.21M | 67.66M | 15.9M | 51.49M | 24.3M | 77.63M | 29.95M | 46.44M | 5.5M | 35.24M | 1.32M | 44.06M | 24.08M | 56.59M | 19.36M |
| Operating CF Margin % | 17.52% | 12.46% | 28.56% | 12.13% | 18.8% | 9.71% | 22.29% | 5.11% | 16.83% | 7.78% | 26.75% | 9.89% | 16.24% | 1.91% | 13.73% | 0.49% | 16.74% | 8.8% | 21.86% | 7.12% |
| Operating CF Growth % | -5.3% | 34.61% | 29.14% | 146.44% | 16.79% | 28.4% | -12.85% | -46.89% | 10.89% | 342.31% | 120.28% | 2168.64% | 5.4% | -77.18% | -37.73% | -93.18% | 24.69% | -48.82% | -28.16% | 221.93% |
| Net Income | -98.31M | 37.16M | 32.81M | 37.91M | 26.63M | 32.33M | 29.74M | 25.34M | 27.75M | 29.9M | 29.7M | 39.13M | 18.46M | 14.23M | -2.03M | 18.33M | 6.09M | 15.22M | 7.03M | 21.68M |
| Depreciation & Amortization | 11.59M | 11.2M | 11.2M | 13.25M | 11.96M | 12M | 11.2M | 11.35M | 10.81M | 11.16M | 11.07M | 12.43M | 14.69M | 15.54M | 14.65M | 13.93M | 15.76M | 17.16M | 16.27M | 15.23M |
| Stock-Based Compensation | 5.73M | 4.87M | 5.39M | 5.76M | 5.87M | 5.86M | 5.47M | 6.78M | 6.89M | 6.57M | 5.33M | 4.57M | 4.08M | 0 | 5.63M | 5.58M | 5.61M | 5.53M | 5.07M | 5.43M |
| Deferred Taxes | 723K | -6.05M | 3.27M | 4.82M | 2.92M | -3.08M | 3.08M | 2.12M | -1.68M | -3M | 2.41M | -375K | -2.91M | -4.91M | 1.87M | 546K | -4.3M | 46K | -4.96M | 4.49M |
| Other Non-Cash Items | 134.05M | 16.65M | 67K | -2.11M | 3.72M | 775K | 99K | 687K | 134K | 127K | -6.05M | 116K | 107K | 4.97M | 3.79M | -2.75M | 203K | 1.27M | 153K | -1.86M |
| Working Capital Changes | 3.17M | -21.82M | 34.65M | -20.43M | 9.04M | -16.68M | 18.07M | -30.37M | 7.59M | -20.45M | 35.18M | -25.93M | 12.02M | -24.34M | 11.32M | -34.32M | 20.7M | -15.15M | 33.03M | -25.61M |
| Change in Receivables | -11.18M | 8.03M | -8.03M | 35.85M | -16.54M | -7.01M | -13.38M | 28.07M | -14.6M | -6.06M | -7.18M | 22.24M | -15.49M | -10.73M | -8.89M | 20.76M | -8.16M | -12.49M | -12.67M | 38.29M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.46M | 0 | 0 | 0 | -14.88M | 11.09M | 0 | 0 |
| Change in Payables | 5.92M | 2.08M | 10.76M | -4.95M | 0 | -4.13M | 492K | -1.3M | 12.12M | -5.46M | 6.22M | -10.57M | 13.46M | -4.17M | 1.83M | -11.11M | 14.88M | -11.09M | 2.97M | -6.45M |
| Cash from Investing | -14.73M | -11.7M | -10.18M | 9.04M | 4.09M | -2.93M | -1.7M | -49.19M | -8.96M | -5.21M | -1M | -18.08M | -6.71M | -469K | -23.29M | -1.04M | -9.51M | -12.05M | -8.76M | -12.5M |
| Capital Expenditures | -12.62M | -14.13M | -10.07M | -12.24M | -10.86M | -10.83M | -10.32M | -11.23M | -9.42M | -10.74M | -9.19M | -9.63M | -9.52M | -9.52M | -8.27M | -10.66M | -9.82M | -13M | -9.69M | -15.8M |
| CapEx % of Revenue | 3.88% | 4.19% | 3.29% | 3.79% | 3.39% | 3.37% | 3.4% | 3.61% | 3.08% | 3.44% | 3.17% | 3.18% | 3.33% | 3.31% | 3.22% | 3.95% | 3.73% | 4.75% | 3.74% | 5.81% |
| Acquisitions | 0 | 0 | 0 | 2.2M | -20K | -16K | 0 | -14K | -20K | -143K | 0 | -82K | -237K | 5.89M | -211K | 5.92M | -193K | 48K | -925K | 4M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 8.13M | 0 | -390K | 0 | -231K | 0 | 0 | -490K | 34K | 0 | 0 | 0 | -34K | 0 | 223K | -193K | -48K | 925K | 589K |
| Cash from Financing | -41.66M | -78.85M | -66.08M | -58.73M | -48.99M | -42.33M | -56.09M | -22.72M | -81.03M | -14.6M | -18.42M | -14.54M | -54.63M | -24.71M | -19.72M | -57.87M | -26.75M | -35.91M | -21.83M | -15.41M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61.27M | 0 | 0 | 0 | -40M | 0 | 0 | -40M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -28.53M | -32.75M | -39.99M | -44.58M | -34.28M | -28.01M | -32.02M | -6.51M | -5M | 0 | 0 | 97K | -4.92M | -10M | 0 | -3.2M | -11.94M | -21.01M | -3.96M | 0 |
| Dividends Paid | -13.13M | -13.35M | -13.58M | -14.16M | -14.17M | -14.42M | -14.8M | -14.71M | -14.76M | -14.77M | -14.73M | -14.64M | -14.67M | -14.71M | -14.76M | -14.64M | -14.71M | -14.87M | -15.02M | -14.76M |
| Share Repurchases | -28.53M | -32.75M | -39.99M | -44.58M | -34.28M | -28.01M | -32.02M | -6.51M | -5M | 0 | 0 | 97K | -4.92M | -10M | 0 | -3.2M | -11.94M | -21.01M | -3.96M | 0 |
| Other Financing | 0 | -32.75M | -12.5M | 0 | -538K | 91K | -9.27M | -1.5M | 0 | 172K | -3.69M | 0 | 4.96M | 0 | -4.96M | -31K | -92K | -32K | -2.85M | -655K |
| Net Change in Cash | 908K | -48.59M | 11.31M | -11M | 15.53M | -11.6M | 9.93M | -60.97M | -36.47M | 6.26M | 55.9M | 480K | -16.64M | -20.72M | -8.65M | -50.95M | 2.04M | -30.96M | 28.1M | -7.62M |
| Free Cash Flow | 44.32M | 27.88M | 77.31M | 26.95M | 49.28M | 20.38M | 57.34M | 4.67M | 42.07M | 13.56M | 68.44M | 20.32M | 36.91M | -4.03M | 26.97M | -9.34M | 34.24M | 11.08M | 46.91M | 3.56M |
| FCF Margin % | 13.64% | 8.27% | 25.27% | 8.34% | 15.4% | 6.34% | 18.89% | 1.5% | 13.75% | 4.34% | 23.58% | 6.71% | 12.91% | -1.4% | 10.51% | -3.46% | 13.01% | 4.05% | 18.12% | 1.31% |
| FCF Growth % | -10.06% | 36.82% | 34.83% | 477.03% | 17.13% | 50.2% | -16.22% | -77.01% | 13.98% | 436.68% | 153.75% | 317.52% | 7.82% | -136.37% | -42.5% | -362.19% | 37.84% | -69.7% | -29.07% | 112.77% |
| FCF per Share | 2.11 | 1.28 | 3.49 | 1.18 | 2.12 | 0.86 | 2.38 | 0.19 | 1.74 | 0.56 | 2.84 | 0.85 | 1.55 | -0.17 | 1.15 | -0.39 | 1.43 | 0.46 | 1.95 | 0.15 |
| FCF Conversion (FCF/Net Income) | -0.58x | 1.13x | 2.66x | 1.03x | 2.26x | 0.97x | 2.27x | 0.63x | 1.86x | 0.81x | 2.61x | 0.77x | 2.52x | 0.39x | -17.38x | 0.07x | 7.23x | 1.58x | 8.05x | 0.89x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |