Financial Statements

American Public Education, Inc. (APEI)

$14.7

+0.20 (+1.38%)

Balance Sheet Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Total assets 557,386615,056725,608371,018354,897
Total Current Assets 217,382186,091202,637251,810222,909
Cash and Short Term Investments 116,660102,558122,627227,686202,740
Cash and cash equivalents 116,660102,558122,627227,686202,740
Receivables 51,44745,22441,32917,65213,082
Inventory 27,208-21,697--1,757
Other Current Assets 22,06738,30916,9846,4728,844
Total non-current Assets 340,004428,965522,971119,208131,988
Property, Plant & Equipment Net 187,526209,762180,36077,17790,153
Goodwill and Intangible Assets 91,132167,327328,56826,56330,606
Goodwill 91,132167,327328,56826,56330,606
Intangible Assets 31,53954,73485,0823,7214,043
Long Term Investments 2,6004,500-5,05910,49510,502
Other non-current Assets 7,38612,02114,0432,393-2,664
Total liabilities 265,410265,329309,99664,09358,164
Total current liabilities 73,98970,75883,67855,05845,278
Payables 8,6633,80813,4973,7573,546
Short Term debt 13,30914,39622,4552,3922,283
Deferred revenue 23,83023,76021,77622,10417,426
Other Current Liabilities 28,18728,79425,95026,80522,023
Total non-current liabilities 191,421194,571226,3189,03512,886
Long Term debt 191,421194,571221,2596,4559,495
Other non-current Liabilities -81,469-93,1515,0592,5803,391
Total shareholders equity 291,976349,727415,612306,925296,733
Common Stock 176189187148152
Retained earnings -49,09613,891128,932111,180105,961
Accumulated Other Comprehensive Income Loss 1,6443,102108--
Other Stockholders Equity 299,561292,854286,385195,597190,620
Total debt 204,730208,967243,7148,84711,778
Total Investments 2,6004,500-5,05910,49510,502
Net Debt 88,070106,409121,087-218,839-190,962

American Public Education, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes American Public Education, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.