AMERICAN PUBLIC EDUCATION INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $146.4m $179.2m $116.7m $131.9m $174.1m
Assets, Current $163.7m $191.1m $232.6m $222.9m $251.8m $202.6m $186.1m $217.4m $260.6m $259.8m
Property, Plant and Equipment, Net $97.7m $92.4m $86.9m $78.5m $68.4m $102.4m $100.9m $87.5m $73.4m $70.6m
Goodwill $33.9m $33.9m $33.9m $26.6m $26.6m $243.5m $112.6m $59.6m $59.6m $59.6m
Intangible Assets, Net (Excluding Goodwill) $5.2m $4.6m $4.0m $3.7m $85.1m $54.7m $31.5m $28.2m $28.2m
Operating Lease, Right-of-Use Asset $11.7m $8.7m $77.9m $108.9m $100.0m $94.8m $57.7m
Other Assets, Noncurrent $8.7m $9.2m $5.6m $4.8m $5.0m $14.0m $16.5m $10.0m $6.2m $6.3m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $6.9m $7.1m $14.1m $11.3m $17.7m $36.0m $42.4m $51.0m $62.5m $65.7m
Accrued Liabilities, Current $14.1m $13.4m $3.8m $8.3m $11.0m $10.8m $13.8m $11.5m $13.7m $13.4m
Assets $320.7m $339.0m $371.0m $354.9m $371.0m $725.6m $615.1m $557.4m $570.1m $521.4m
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current $2.3m $2.4m $13.7m $14.3m $13.2m $13.4m $11.2m
Accounts Payable, Current $6.9m $8.8m $9.1m $3.5m $3.8m $13.5m $3.8m $8.7m $7.8m $4.8m
Operating Lease, Liability, Noncurrent $9.5m $6.5m $69.5m $101.3m $96.7m $93.4m $56.9m
Deferred Revenue, Current $20.6m $19.4m $18.3m $17.4m $22.1m $21.8m $23.8m $23.8m $23.5m $23.0m
Long-term Debt, Excluding Current Maturities $151.8m $93.2m $94.7m $93.4m $94.7m
Long-term Debt, Current Maturities $8.8m $0 $0 $0 $0
Liabilities, Current $42.2m $43.4m $44.3m $45.3m $55.1m $83.7m $70.8m $74.0m $79.2m $75.0m
Deferred Income Tax Liabilities, Net $6.3m $5.4m $3.4m $2.6m $5.1m $0
Deferred Tax Liabilities, Net $8.8m $6.3m $5.4m $3.4m $2.6m $5.1m
Liabilities $56.0m $49.6m $49.7m $58.2m $64.1m $310.0m $265.3m $265.4m $266.2m $226.6m
Stockholders’ equity:
Preferred Stock, Value, Issued $0 $0 $0 $0 $0 $0 $39.7m $39.7m $39.7m $0
Common Stock, Value, Issued $161k $163k $164k $152k $148k $187k $189k $176k $177k $181k
Retained Earnings (Accumulated Deficit) $87.4m $108.6m $133.9m $106.0m $111.2m $128.9m $13.9m ($49.1m) ($41.8m) ($16.5m)
Accumulated Other Comprehensive Income (Loss), Net of Tax $0 $108k $3.1m $1.6m ($7k) ($18k)
Additional Paid in Capital, Common Stock $177.1m $180.7m $187.2m $190.6m $195.6m $286.4m $292.9m $299.6m $305.8m $311.1m
Stockholders' Equity Attributable to Parent $264.7m $289.4m $321.3m $296.7m $306.9m $415.6m $349.7m $292.0m $303.9m $294.8m
Liabilities and Equity $320.7m $339.0m $371.0m $354.9m $371.0m $725.6m $615.1m $557.4m $570.1m $521.4m