PERDOCEO EDUCATION CORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $159.9M | $147.6M | $147.7M | $95.9M | $109.6M | $124.3M | $70.0M | $55.2M |
| Depreciation & Amortization | $41.6M | $14.6M | $16.9M | $19.7M | $16.8M | $14.8M | $9.1M | $9.4M |
| Depreciation | $19.4M | $8.7M | $9.3M | $12.4M | $12.3M | $12.0M | $9.1M | $9.4M |
| Amortization | $17.1M | $5.5M | $7.6M | $7.3M | $4.5M | $2.8M | $0 | $0 |
| Stock-Based Compensation | $11.7M | $10.2M | $8.1M | $8.8M | $15.0M | $13.4M | $9.3M | $5.6M |
| Net Cash from Operating Activities | $225.2M | $161.6M | $112.0M | $148.2M | $191.1M | $180.0M | $73.1M | $57.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $-854.0K | $137.8M | — | $84.3M | $57.1M | $39.8M | — | — |
| Net Cash from Investing Activities | $-53.6M | $-107.8M | $-88.5M | $-326.8M | $54.3M | $-165.9M | $7.7M | $-41.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | $14.4M | — | — | — | — | — |
| Stock Repurchases | $120.8M | $6.8M | $8.3M | $23.1M | $25.3M | $17.9M | $3.9M | — |
| Net Cash from Financing Activities | $-171.1M | $-41.1M | $-23.4M | $-27.7M | $-29.9M | $-13.1M | $-4.8M | $-1.7M |
| Net Change in Cash | $527.0K | $12.7M | $137.0K | $-206.3M | $215.5M | $997.0K | $76.0M | $13.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |