AppLovin Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $3.33B | $1.58B | $356.7M | $-192.7M | $35.4M | $-125.2M | $119.0M |
| Depreciation & Amortization | $194.8M | $448.7M | $489.0M | $547.1M | $431.1M | $255.0M | $92.8M |
| Depreciation | $25.7M | $29.3M | $26.2M | $29.3M | $25.6M | $14.2M | $7.9M |
| Amortization | $97.4M | $92.8M | $91.5M | $514.6M | $396.4M | $239.9M | $82.4M |
| Stock-Based Compensation | $210.4M | $369.4M | $363.1M | $191.6M | $133.2M | $62.4M | $10.2M |
| Net Cash from Operating Activities | $3.97B | $2.10B | $1.06B | $412.8M | $361.9M | $222.9M | $198.5M |
| Investing Activities | |||||||
| Capital Expenditures | — | $4.8M | $4.2M | $662.0K | $1.4M | $3.2M | $3.4M |
| Business Acquisitions | — | — | $63.9M | $1.35B | $1.21B | $674.7M | $404.2M |
| Net Cash from Investing Activities | $358.4M | $-106.8M | $-77.8M | $-1.37B | $-1.21B | $-679.9M | $-411.6M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | $2.19B | $981.3M | $1.15B | $338.9M | $0 | $1.8M | $11.0K |
| Net Cash from Financing Activities | $-2.59B | $-1.75B | $-1.56B | $-526.8M | $3.11B | $377.9M | $333.2M |
| Net Change in Cash | $1.75B | $239.3M | $-578.3M | $-1.49B | $2.25B | $-79.0M | $120.1M |
| Free Cash Flow | — | $2.09B | $1.06B | $412.1M | $360.5M | $219.6M | $195.1M |