American Public Education, Inc. (APEI)

American Public Education Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	161.6	131.93	116.66	102.52	122.63	226.49
Cash & Short-Term Investments	161.6	131.93	116.66	102.52	122.63	226.49
Cash Growth	28.75%	13.09%	13.79%	-16.40%	-45.86%	12.43%
Accounts Receivable	41.87	62.47	50.97	42.35	36.03	17.65
Other Receivables	-	0.95	0.47	2.87	5.3	-
Receivables	41.87	63.41	51.45	45.22	41.33	17.65
Prepaid Expenses	20.67	13.75	13.03	11.41	11.68	6.47
Restricted Cash	25.91	27.02	27.68	26.94	27	1.2
Other Current Assets	22.47	24.47	8.56	-	-	-
Total Current Assets	272.51	260.57	217.38	186.09	202.64	251.81
Property, Plant & Equipment	165.69	168.16	187.53	209.76	180.36	77.18
Goodwill	59.59	59.59	59.59	112.59	243.49	26.56
Other Intangible Assets	28.22	28.22	31.54	54.73	85.08	3.72
Long-Term Deferred Tax Assets	46.07	47.31	51.36	35.36	-	-
Other Long-Term Assets	6.59	6.25	9.99	16.52	14.04	11.75
Total Assets	578.66	570.1	557.39	615.06	725.61	371.02
Accounts Payable	7.85	7.85	8.66	3.81	13.5	3.76
Accrued Expenses	36.83	34.28	28.19	28.79	25.95	26.63
Current Portion of Long-Term Debt	-	-	-	-	8.75	-
Current Portion of Leases	13.49	13.55	13.31	14.4	13.71	2.39
Current Income Taxes Payable	0.18	-	-	-	-	0.18
Current Unearned Revenue	25.09	23.47	23.83	23.76	21.78	22.1
Total Current Liabilities	83.43	79.16	73.99	70.76	83.68	55.06
Long-Term Debt	93.75	93.42	94.68	93.15	151.77	-
Long-Term Leases	91.47	93.65	96.74	101.42	69.49	6.46
Long-Term Deferred Tax Liabilities	-	-	-	-	5.06	2.58
Total Liabilities	268.65	266.22	265.41	265.33	310	64.09
Common Stock	0.18	0.18	0.18	0.19	0.19	0.15
Additional Paid-In Capital	304.53	305.82	299.56	292.85	286.39	195.6
Retained Earnings	-34.34	-41.81	-49.1	13.89	128.93	111.18
Comprehensive Income & Other	-0.05	-0.01	1.64	3.1	0.11	-
Total Common Equity	270.32	264.19	252.29	310.04	415.61	306.93
Shareholders' Equity	310.01	303.88	291.98	349.73	415.61	306.93
Total Liabilities & Equity	578.66	570.1	557.39	615.06	725.61	371.02
Total Debt	198.71	200.62	204.73	208.97	243.71	8.85
Net Cash (Debt)	-37.11	-68.7	-88.07	-106.45	-121.09	217.64
Net Cash Growth	-	-	-	-	-	14.75%
Net Cash Per Share	-2.03	-3.79	-4.86	-5.64	-6.63	14.46
Filing Date Shares Outstanding	18.04	18	17.51	19.03	18.86	18.64
Total Common Shares Outstanding	18.04	17.71	17.6	18.89	18.71	14.81
Working Capital	189.08	181.42	143.39	115.33	118.96	196.75
Book Value Per Share	14.99	14.92	14.33	16.41	22.21	20.73
Tangible Book Value	182.51	176.37	161.15	142.71	87.04	276.64
Tangible Book Value Per Share	10.12	9.96	9.15	7.55	4.65	18.68
Land	-	3.16	8.27	8.8	8.95	9.02
Buildings	-	16.72	40.11	50.59	51.94	53.31
Machinery	-	46.9	47.48	43.04	39.08	29.26
Leasehold Improvements	-	49.83	42.92	37.16	30.34	1.57

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q