How much cash does American Public Education generate?

American Public Education (APEI) generated $136.8M in operating cash flow over the trailing twelve months.

What is American Public Education's free cash flow?

After $14.5M of capital expenditures, American Public Education's free cash flow was $122.5M over the trailing twelve months, up 314.6% year over year.

Where does American Public Education's cash flow data come from?

Every line is extracted from American Public Education's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

American Public Education APEI Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net income	$40.4M+64.9%	$31.56M+95.8%	$31.91M—	$28.62M—	$24.49M—
Depreciation and amortization	$16.31M-10.2%	$16.15M-16.3%	$15.89M-22.6%	$17.02M-24.2%	$18.17M-27.9%
Stock-based compensation	$8.42M+5.0%	$8.35M+8.9%	$8.3M+15.0%	$8.43M+17.2%	$8.01M+7.8%
Deferred income taxes	$7.82M+55.0%	$8.14M+96.4%	$10.47M+687%	$5.15M—	$5.05M—
Amortization of debt issuance costs	$1.23M-15.0%	$1.34M-9.4%	$1.38M-9.1%	$1.41M-9.0%	$1.45M-8.7%
Impairment charges	——	——	——	——	$1.53M—
Gain (loss) on sale of assets	-$368K+37.1%	-$444K-15.9%	-$505K+34.6%	-$436K+40.5%	-$585K-0.7%
Change in accounts receivable	-$1.04M+61.7%	$5.32M-53.7%	$3.39M-75.1%	-$1.26M-115%	-$2.7M-136%
Change in accounts payable	$1.46M+186%	-$1.85M-127%	-$1.58M-164%	$3.07M+129%	$511K—
Change in accrued liabilities	$3.29M—	-$275K—	——	——	——
Change in other assets	——	——	——	——	——
Change in deferred revenue	——	——	——	——	-$1.85M—
Change in income taxes payable/receivable	——	——	——	——	——
Net cash from operating activities	——	——	$75.12M+58.9%	$67.48M+26.5%	$65.13M+15.0%
Capital expenditures	$14.49M-22.8%	$15.86M-24.8%	$15.15M-31.5%	$17.27M-8.0%	$18.77M+11.0%
Acquisitions, net of cash acquired	——	$2.29M—	$1.72M—	$1.15M—	$573.5K—
Net cash from investing activities	——	——	——	$5.68M+131%	-$18.27M-8.8%
Repurchases of common stock	$9.28M+143%	$4.26M+0.6%	$3.94M-33.6%	$3.83M-34.8%	$3.82M-71.6%
Proceeds from issuance of debt	——	——	——	——	——
Repayments of debt	$96.64M+3,133%	$213K-92.8%	$241K-91.7%	$270K-90.6%	$2.99M+2,522%
Proceeds from issuance of common stock	$1.08M—	$1.21M—	——	——	——
Payment of debt issuance costs	——	——	——	——	——
Dividends paid on preferred stock	——	——	——	$5.74M-6.3%	$5.95M-2.2%
Net cash from financing activities	-$61.01M-386%	-$49.77M-277%	-$51.32M-244%	-$52.78M-257%	-$12.56M+36.2%
Net increase (decrease) in cash	——	——	——	——	——
Interest paid	$9.01M-13.5%	$9.64M-10.1%	$9.81M-10.2%	$10.11M-7.2%	$10.41M-3.7%
Income taxes paid	$6.83M+18.5%	$6.52M+3.4%	$6.67M-3.1%	$6.07M+17.2%	$5.77M+93.9%
Amortization expense related to capitalized debt issuance costs	$1.23M-15.0%	$1.34M-9.4%	$1.38M-9.1%	$1.41M-9.0%	$1.45M-8.7%
Gain/(loss) on dispositions, net	-$368K+37.1%	-$444K-15.9%	-$505K+34.6%	-$436K+40.5%	-$585K-0.7%
Gain (Loss) on Extinguishment of Debt, Cash Impact	——	——	——	——	——
Impairment of assets held for sale	——	——	——	——	$3.15M+72.9%
Accrued compensation and employee benefits	——	——	——	——	——
Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable	——	——	——	——	——
Increase (Decrease) In Operating Leases, Net	$212K—	-$19K—	——	——	——
Increase (Decrease) in Other Operating Assets	$508K—	$1.2M—	$1.55M—	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	——	——
Proceeds From Sale Of Buildings	$22.46M+4,392%	$22.96M—	$22.96M—	$22.95M+18,559%	$500K+307%
Payments Of Debt Issuance Costs	——	——	——	——	——
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	——	——	——	$5.74M-6.3%	$5.95M-2.2%
Increase Decrease In Contract With Customer Liability	——	——	——	——	-$1.85M—
Free cash flow	——	——	$61.72M—	$51.97M—	$48.12M—

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Questions, answered.

How much cash does American Public Education generate?: American Public Education (APEI) generated $136.8M in operating cash flow over the trailing twelve months.
What is American Public Education's free cash flow?: After $14.5M of capital expenditures, American Public Education's free cash flow was $122.5M over the trailing twelve months, up 314.6% year over year.
Where does American Public Education's cash flow data come from?: Every line is extracted from American Public Education's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.