GRAND CANYON EDUCATION, INC.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $34.9M | $68.0M | $80.7M | $35.7M | $29.0M | $59.6M | $71.0M | $30.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $98.6M | $85.0M | $116.4M | $-29.9M | $94.1M | $63.0M | $110.3M | $-35.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.0M | $9.0M | $10.4M | $16.6M | $9.0M | $8.6M | $8.9M | $11.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-14.7M | $-5.3M | $-9.9M | $-22.5M | $-10.9M | $-37.1M | $-1.8M | $-15.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $38.7M | $30.0M | $16.8M | $33.7M | $45.3M | $41.2M | $28.0M | $48.2M |
| Net Cash from Financing Activities | $-38.7M | $-30.0M | $-16.8M | $-33.7M | $-45.3M | $-41.2M | $-28.0M | $-48.2M |
| Net Change in Cash | $45.1M | $49.7M | $89.6M | $-86.1M | $37.9M | $-15.4M | $80.5M | $-99.5M |
| Free Cash Flow | $89.6M | $76.0M | $106.0M | $-46.4M | $85.1M | $54.4M | $101.4M | $-46.8M |