APEI: American Public Education Inc Financial Statements
Balance sheet, income statement, and cash flow statements for American Public Education Inc (APEI).
$382.05M Market Cap.
APEI Market Cap. (MRY)
APEI Shares Outstanding (MRY)
APEI Assets (MRY)
Total Assets
$570.10M
Total Liabilities
$266.22M
Total Investments
$0
APEI Income (MRY)
Revenue
$624.56M
Net Income
$16.11M
Operating Expense
$295.79M
APEI Cash Flow (MRY)
CF Operations
$48.87M
CF Investing
-$21.08M
CF Financing
-$13.19M
APEI Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $570,103,000 (2.28%) | $557,386,000 (-9.38%) | $615,056,000 (-15.24%) | $725,608,000 (95.57%) |
Assets Current | $260,572,000 (19.87%) | $217,382,000 (16.81%) | $186,091,000 (-8.17%) | $202,637,000 (-19.53%) |
Assets Non-Current | $309,531,000 (-8.96%) | $340,004,000 (-20.74%) | $428,965,000 (-17.98%) | $522,971,000 (338.70%) |
Goodwill & Intangible Assets | $87,814,000 (-3.64%) | $91,132,000 (-45.54%) | $167,327,000 (-49.07%) | $328,568,000 (984.96%) |
Shareholders Equity | $303,879,000 (4.08%) | $291,976,000 (-16.51%) | $349,727,000 (-15.85%) | $415,612,000 (35.41%) |
Property Plant & Equipment Net | $168,159,000 (-10.33%) | $187,526,000 (-10.60%) | $209,762,000 (16.30%) | $180,360,000 (133.70%) |
Cash & Equivalents | $158,941,000 (10.11%) | $144,342,000 (11.50%) | $129,458,000 (-13.48%) | $149,627,000 (-34.28%) |
Accumulated Other Comprehensive Income | -$7,000 (-100.43%) | $1,644,000 (-47.00%) | $3,102,000 (2772.22%) | $108,000 (0%) |
Deferred Revenue | $23,474,000 (-1.49%) | $23,830,000 (0.29%) | $23,760,000 (9.11%) | $21,776,000 (-1.48%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $62,465,000 (22.55%) | $50,973,000 (20.35%) | $42,353,000 (17.56%) | $36,026,000 (104.09%) |
Trade & Non-Trade Payables | $7,847,000 (-9.42%) | $8,663,000 (127.49%) | $3,808,000 (-71.79%) | $13,497,000 (259.25%) |
Accumulated Retained Earnings (Deficit) | -$41,805,000 (14.85%) | -$49,096,000 (-453.44%) | $13,891,000 (-89.23%) | $128,932,000 (15.97%) |
Tax Assets | $48,260,000 (-6.90%) | $51,834,000 (35.60%) | $38,226,000 (620.84%) | $5,303,000 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $5,059,000 (83.43%) |
Total Debt | $200,622,000 (-2.01%) | $204,730,000 (-2.03%) | $208,967,000 (-14.26%) | $243,714,000 (2654.76%) |
Debt Current | $13,553,000 (1.83%) | $13,309,000 (-7.55%) | $14,396,000 (-35.89%) | $22,455,000 (838.75%) |
Debt Non-Current | $187,069,000 (-2.27%) | $191,421,000 (-1.62%) | $194,571,000 (-12.06%) | $221,259,000 (3327.71%) |
Total Liabilities | $266,224,000 (0.31%) | $265,410,000 (0.03%) | $265,329,000 (-14.41%) | $309,996,000 (383.67%) |
Liabilities Current | $79,155,000 (6.98%) | $73,989,000 (4.57%) | $70,758,000 (-15.44%) | $83,678,000 (51.98%) |
Liabilities Non-Current | $187,069,000 (-2.27%) | $191,421,000 (-1.62%) | $194,571,000 (-14.03%) | $226,318,000 (2404.90%) |
APEI Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $624,559,000 (4.00%) | $600,545,000 (-0.95%) | $606,328,000 (44.78%) | $418,803,000 (30.15%) |
Cost of Revenue | $295,703,000 (0.97%) | $292,862,000 (1.52%) | $288,472,000 (67.11%) | $172,622,000 (41.31%) |
Selling General & Administrative Expense | $270,771,000 (3.67%) | $261,194,000 (-5.02%) | $275,001,000 (39.81%) | $196,696,000 (22.15%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $295,790,000 (-16.91%) | $355,989,000 (-21.13%) | $451,376,000 (109.15%) | $215,810,000 (23.41%) |
Interest Expense | $2,127,000 (-52.30%) | $4,459,000 (-74.85%) | $17,728,000 (314.50%) | $4,277,000 (491.67%) |
Income Tax Expense | $10,419,000 (197.24%) | -$10,715,000 (70.46%) | -$36,276,000 (-582.97%) | $7,511,000 (6.99%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $16,113,000 (134.08%) | -$47,286,000 (58.88%) | -$114,993,000 (-747.77%) | $17,752,000 (-5.68%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $16,113,000 (134.08%) | -$47,286,000 (58.88%) | -$114,993,000 (-747.77%) | $17,752,000 (-5.68%) |
Preferred Dividends Income Statement Impact | $6,056,000 (0.80%) | $6,008,000 (12416.67%) | $48,000 (0%) | $0 (0%) |
Net Income Common Stock | $10,057,000 (118.87%) | -$53,294,000 (53.67%) | -$115,041,000 (-748.05%) | $17,752,000 (-5.68%) |
Weighted Average Shares | $17,625,000 (-2.69%) | $18,112,000 (-3.96%) | $18,859,000 (4.28%) | $18,085,000 (21.57%) |
Weighted Average Shares Diluted | $18,149,000 (-0.24%) | $18,193,000 (-3.81%) | $18,914,000 (3.61%) | $18,255,000 (21.32%) |
Earning Before Interest & Taxes (EBIT) | $28,659,000 (153.53%) | -$53,542,000 (59.91%) | -$133,541,000 (-552.07%) | $29,540,000 (19.35%) |
Gross Profit | $328,856,000 (6.88%) | $307,683,000 (-3.20%) | $317,856,000 (29.11%) | $246,181,000 (23.32%) |
Operating Income | $33,066,000 (168.45%) | -$48,306,000 (63.82%) | -$133,520,000 (-539.63%) | $30,371,000 (22.68%) |
APEI Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$21,082,000 (-53.08%) | -$13,772,000 (-0.72%) | -$13,673,000 (95.94%) | -$336,665,000 (-7994.85%) |
Net Cash Flow from Financing | -$13,191,000 (21.75%) | -$16,858,000 (52.79%) | -$35,711,000 (-114.74%) | $242,341,000 (1643.08%) |
Net Cash Flow from Operations | $48,872,000 (7.38%) | $45,514,000 (55.79%) | $29,215,000 (79.62%) | $16,265,000 (-63.70%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $14,599,000 (-1.91%) | $14,884,000 (173.80%) | -$20,169,000 (74.16%) | -$78,059,000 (-412.91%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $1,951,000 (100.60%) | -$325,509,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$21,082,000 (-53.08%) | -$13,772,000 (11.85%) | -$15,624,000 (-40.05%) | -$11,156,000 (-168.24%) |
Issuance (Repayment) of Debt Securities | -$2,964,000 (-2500.00%) | -$114,000 (99.85%) | -$73,864,000 (-146.41%) | $159,168,000 (0%) |
Issuance (Purchase) of Equity Shares | -$4,171,000 (61.16%) | -$10,739,000 (-598.24%) | -$1,538,000 (-101.85%) | $83,173,000 (629.60%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $7,668,000 (-0.93%) | $7,740,000 (-3.36%) | $8,009,000 (4.64%) | $7,654,000 (8.18%) |
Depreciation Amortization & Accretion | $19,303,000 (-30.60%) | $27,816,000 (-13.42%) | $32,127,000 (80.16%) | $17,832,000 (37.34%) |
APEI Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 52.70% (2.93%) | 51.20% (-2.29%) | 52.40% (-10.88%) | 58.80% (-5.16%) |
Profit Margin | 1.60% (117.98%) | -8.90% (53.16%) | -19.00% (-552.38%) | 4.20% (-27.59%) |
EBITDA Margin | 7.70% (279.07%) | -4.30% (74.25%) | -16.70% (-247.79%) | 11.30% (-3.42%) |
Return on Average Equity (ROAE) | 3.40% (119.21%) | -17.70% (46.04%) | -32.80% (-845.45%) | 4.40% (-31.25%) |
Return on Average Assets (ROAA) | 1.80% (119.35%) | -9.30% (45.29%) | -17.00% (-666.67%) | 3.00% (-42.31%) |
Return on Sales (ROS) | 4.60% (151.69%) | -8.90% (59.55%) | -22.00% (-409.86%) | 7.10% (-7.79%) |
Return on Invested Capital (ROIC) | 6.50% (154.17%) | -12.00% (58.04%) | -28.60% (-334.43%) | 12.20% (-63.58%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 37.84 (1253.02%) | -3.28 (-62.88%) | -2.02 (-108.88%) | 22.7 (-5.40%) |
Price to Sales Ratio (P/S) | 0.61 (109.28%) | 0.29 (-23.82%) | 0.38 (-60.25%) | 0.96 (-31.80%) |
Price to Book Ratio (P/B) | 1.26 (113.78%) | 0.59 (-11.45%) | 0.66 (-33.73%) | 1 (-31.88%) |
Debt to Equity Ratio (D/E) | 0.88 (-3.63%) | 0.91 (19.76%) | 0.76 (1.74%) | 0.75 (256.94%) |
Earnings Per Share (EPS) | 0.57 (119.39%) | -2.94 (51.80%) | -6.1 (-722.45%) | 0.98 (-22.83%) |
Sales Per Share (SPS) | 35.44 (6.87%) | 33.16 (3.13%) | 32.15 (38.84%) | 23.16 (7.05%) |
Free Cash Flow Per Share (FCFPS) | 1.58 (-10.04%) | 1.75 (143.13%) | 0.72 (155.67%) | 0.28 (-89.68%) |
Book Value Per Share (BVPS) | 17.24 (6.95%) | 16.12 (-13.07%) | 18.54 (-19.31%) | 22.98 (11.39%) |
Tangible Assets Book Value Per Share (TABVPS) | 27.36 (6.30%) | 25.74 (8.43%) | 23.74 (8.14%) | 21.95 (-4.15%) |
Enterprise Value Over EBIT (EV/EBIT) | 15 (475.00%) | -4 (-100.00%) | -2 (-111.11%) | 18 (100.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 8.82 (202.11%) | -8.64 (-174.29%) | -3.15 (-128.47%) | 11.06 (79.31%) |
Asset Turnover | 1.11 (5.43%) | 1.05 (17.21%) | 0.9 (27.13%) | 0.7 (-20.81%) |
Current Ratio | 3.29 (12.05%) | 2.94 (11.71%) | 2.63 (8.59%) | 2.42 (-47.05%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $27,790,000 (-12.45%) | $31,742,000 (133.55%) | $13,591,000 (166.02%) | $5,109,000 (-87.43%) |
Enterprise Value (EV) | $423,099,962 (90.35%) | $222,269,885 (-30.41%) | $319,408,614 (-39.06%) | $524,174,055 (125.12%) |
Earnings Before Tax (EBT) | $26,532,000 (145.74%) | -$58,001,000 (61.66%) | -$151,269,000 (-698.78%) | $25,263,000 (-2.24%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $47,962,000 (286.43%) | -$25,726,000 (74.63%) | -$101,414,000 (-314.08%) | $47,372,000 (25.54%) |
Invested Capital | $444,815,000 (-1.73%) | $452,653,000 (-0.84%) | $456,480,000 (12.03%) | $407,449,000 (509.62%) |
Working Capital | $181,417,000 (26.52%) | $143,393,000 (24.33%) | $115,333,000 (-3.05%) | $118,959,000 (-39.54%) |
Tangible Asset Value | $482,289,000 (3.44%) | $466,254,000 (4.14%) | $447,729,000 (12.77%) | $397,040,000 (16.52%) |
Market Capitalization | $382,048,962 (122.62%) | $171,611,885 (-26.09%) | $232,183,614 (-44.22%) | $416,279,055 (-7.78%) |
Average Equity | $292,866,250 (-2.47%) | $300,289,750 (-14.46%) | $351,065,500 (-13.52%) | $405,954,750 (37.16%) |
Average Assets | $564,843,500 (-1.34%) | $572,496,500 (-15.48%) | $677,340,250 (13.80%) | $595,227,500 (64.41%) |
Invested Capital Average | $440,258,000 (-1.45%) | $446,728,500 (-4.24%) | $466,513,000 (92.08%) | $242,870,000 (228.90%) |
Shares | 17,712,052 (-0.40%) | 17,783,615 (-5.87%) | 18,892,076 (0.98%) | 18,709,171 (26.34%) |
