← AppLovin Corp
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | $119.0m | ($125.9m) | $35.3m | ($192.9m) | $356.7m | $1.6b | $3.3b | |
| Net Income From Continuing Operations | — | — | — | ($192.9m) | $356.7m | $1.6b | $3.3b | |
| Net increase in cash and cash equivalents, including cash classified within current assets of discontinued operations | $120.1m | ($79.0m) | $2.3b | ($1.5b) | ($578.3m) | $239.3m | $1.7b | |
| Less: net decrease in cash classified within current assets of discontinued operations | — | — | — | — | $0 | $0 | ($44.4m) | |
| Amortization, depreciation and write-offs | $92.8m | $255.0m | $431.1m | $547.1m | $489.0m | $448.7m | $194.8m | |
| Amortization Cash Flow | — | — | — | $547.1m | $489.0m | $448.7m | $194.8m | |
| Amortization Of Intangibles | — | — | — | $547.1m | $489.0m | $448.7m | $194.8m | |
| Depreciation Amortization Depletion | — | — | — | $547.1m | $489.0m | $448.7m | $194.8m | |
| Depreciation And Amortization | — | — | — | $547.1m | $489.0m | $448.7m | $194.8m | |
| Goodwill impairment | — | — | — | — | $0 | $0 | $188.9m | |
| Impairment of investments | — | — | $0 | $0 | $28.0m | $0 | $50.0m | |
| Asset Impairment Charge | — | — | — | $0 | $28.0m | $0 | $238.9m | |
| Gain on divestiture, net of transaction costs | — | — | — | — | $0 | $0 | ($106.2m) | |
| Operating lease liabilities | ($2.2m) | ($8.8m) | ($26.9m) | ($18.9m) | ($18.6m) | ($14.1m) | ($15.2m) | |
| Stock-based compensation, excluding cash-settled awards | $10.2m | $62.4m | $133.2m | $191.6m | $363.1m | $369.4m | $210.4m | |
| Loss on settlement of debt | $0 | $0 | $18.2m | $0 | $4.3m | $28.4m | $0 | |
| Change in operating right-of-use assets | $2.6m | $9.3m | $26.3m | $17.1m | $17.8m | $12.7m | $12.3m | |
| Other | — | ($1.6m) | ($10.8m) | $1.8m | $6.2m | $2.6m | $9.2m | |
| Accounts receivable | ($33.5m) | ($113.2m) | ($201.9m) | ($174.8m) | ($261.3m) | ($467.0m) | ($542.2m) | |
| Prepaid expenses and other assets | — | — | — | — | ($134.0m) | ($185.3m) | $134.7m | |
| Accounts payable | $13.5m | $49.1m | $98.6m | $3.5m | $98.6m | $189.6m | $232.5m | |
| Accrued and other liabilities | $5.7m | $2.8m | $3.1m | ($6.4m) | $92.8m | $134.0m | $268.2m | |
| Purchase of intangible assets | — | — | — | — | ($63.9m) | ($25.6m) | ($28.3m) | |
| Purchase of non-marketable equity securities | ($4.0m) | ($2.0m) | ($15.0m) | ($66.3m) | ($17.9m) | ($77.0m) | ($20.2m) | |
| Payments of withholding taxes related to net share settlement | — | $0 | $0 | ($27.5m) | ($246.4m) | ($1.1b) | ($392.4m) | |
| Payments of deferred acquisition costs | ($41.5m) | ($17.6m) | ($234.1m) | ($124.2m) | ($33.9m) | $0 | $0 | |
| Principal payments of finance leases | ($5.7m) | ($9.7m) | ($15.3m) | ($24.1m) | ($20.2m) | ($20.9m) | ($18.7m) | |
| Payments of licensed asset obligation | $0 | ($18.9m) | ($18.0m) | ($17.4m) | ($27.1m) | $0 | ($13.5m) | |
| Right-of-use assets obtained in exchange for lease obligations, net of modifications | — | — | — | — | $119.9m | $26.3m | ($28.6m) | |
| Accrued withholding taxes related to net share settlement of restricted stock units | — | — | — | $0 | $0 | $8.6m | $0 | |
| Beginning Cash Position | — | — | — | $2.6b | $1.1b | $502.2m | $697.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($526.8m) | ($1.6b) | ($1.7b) | ($2.6b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($1.4b) | ($77.8m) | ($106.8m) | $358.4m | |
| Cash Flow From Discontinued Operation | — | — | — | — | $0 | $0 | $44.4m | |
| Change In Account Payable | — | — | — | $3.5m | $98.6m | $189.6m | $232.5m | |
| Change In Accrued Expense | — | — | — | ($6.4m) | $106.6m | $127.3m | $268.2m | |
| Change In Other Current Assets | — | — | ($45.9m) | ($77.3m) | ($121.7m) | ($189.4m) | — | |
| Change In Other Current Liabilities | — | — | — | ($18.9m) | ($18.6m) | ($14.1m) | ($15.2m) | |
| Change In Other Working Capital | — | — | ($13.9m) | ($14.7m) | $13.9m | ($6.6m) | — | |
| Change In Payable | — | — | — | $3.5m | $98.6m | $189.6m | $232.5m | |
| Change In Payables And Accrued Expense | — | — | — | ($2.9m) | $205.2m | $316.9m | $500.7m | |
| Change In Prepaid Assets | — | — | — | ($3.7m) | ($134.0m) | ($185.3m) | $134.7m | |
| Change In Receivables | — | — | — | ($174.8m) | ($261.3m) | ($467.0m) | ($542.2m) | |
| Change In Working Capital | — | — | — | ($292.4m) | ($208.7m) | ($349.5m) | $77.9m | |
| Changes In Account Receivables | — | — | — | ($174.8m) | ($261.3m) | ($467.0m) | ($542.2m) | |
| Changes In Cash | — | — | — | ($1.5b) | ($579.1m) | $242.4m | $1.8b | |
| End Cash Position | — | — | — | $1.1b | $502.2m | $741.4m | $2.5b | |
| Financing Cash Flow | — | — | — | ($526.8m) | ($1.6b) | ($1.7b) | ($2.6b) | |
| Free Cash Flow | — | — | — | $412.1m | $997.6m | $2.1b | $3.9b | |
| Gain Loss On Sale Of Business | — | — | — | — | $0 | $0 | ($106.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | $127.9m | $0 | $1.6m | — | |
| Investing Cash Flow | — | — | — | ($1.4b) | ($77.8m) | ($106.8m) | $358.4m | |
| Issuance Of Capital Stock | — | — | $1.7b | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | ($1.3b) | $0 | $0 | $407.3m | |
| Net Intangibles Purchase And Sale | — | — | — | — | ($63.9m) | ($25.6m) | ($28.3m) | |
| Net PPE Purchase And Sale | — | — | ($1.4m) | ($662k) | ($4.2m) | ($4.8m) | — | |
| Operating Gains Losses | — | — | — | $127.9m | $4.3m | $28.4m | ($106.2m) | |
| Other Non Cash Items | — | — | — | $31.6m | $29.1m | $22.4m | $21.5m | |
| Proceeds From Stock Option Exercised | — | — | — | $31.0m | $25.8m | $41.8m | $25.3m | |
| Purchase Of Business | — | — | ($1.2b) | ($1.3b) | ($63.9m) | ($25.6m) | — | |
| Purchase Of Intangibles | — | — | — | — | ($63.9m) | ($25.6m) | ($28.3m) | |
| Purchase Of PPE | — | — | ($1.4m) | ($662k) | ($4.2m) | ($4.8m) | — | |
| Repurchase Of Capital Stock | — | — | — | ($338.9m) | ($1.2b) | ($981.3m) | ($2.2b) | |
| Sale Of Business | — | — | — | — | $0 | $0 | $407.3m | |
| Sale Of PPE | — | — | $0 | $37.0m | — | — | — | |
| Stock Based Compensation | — | — | — | $191.6m | $363.1m | $369.4m | $210.4m | |
| Net cash provided by operating activities | $198.5m | $222.9m | $361.9m | $412.8m | $1.1b | $2.1b | $4.0b | |
| Capital Expenditure | — | — | — | ($662k) | ($63.9m) | ($25.6m) | ($28.3m) | |
| Capital Expenditure Reported | — | — | ($4.1m) | ($5.9m) | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | ($66.3m) | ($17.9m) | ($77.0m) | ($20.2m) | |
| Purchase Of Investment | — | — | — | ($66.3m) | ($17.9m) | ($77.0m) | ($20.2m) | |
| Proceeds from divestiture, net of cash divested | — | — | — | — | $0 | $0 | $407.3m | |
| Non-cash consideration received from divestiture | — | — | — | — | $0 | $0 | $285.0m | |
| Other investing activities | $0 | $0 | $12.0m | $4.3m | $4.0m | ($4.2m) | ($373k) | |
| Net Other Investing Changes | — | — | — | $41.3m | $4.0m | ($4.2m) | ($373k) | |
| Net cash provided by (used in) investing activities | ($411.6m) | ($679.9m) | ($1.2b) | ($1.4b) | ($77.8m) | ($106.8m) | $358.4m | |
| Payments of debt issuance cost | — | — | ($14.9m) | $0 | ($4.7m) | ($35.6m) | ($1.8m) | |
| Proceeds from issuance of debt | — | — | — | $0 | $395.3m | $4.6b | $200.0m | |
| Issuance Of Debt | — | — | — | $0 | $395.3m | $4.6b | $200.0m | |
| Long Term Debt Issuance | — | — | — | $0 | $395.3m | $4.6b | $200.0m | |
| Net Issuance Payments Of Debt | — | — | — | ($49.9m) | ($122.9m) | $368.7m | ($18.7m) | |
| Net Long Term Debt Issuance | — | — | — | ($49.9m) | ($122.9m) | $368.7m | ($18.7m) | |
| Principal repayments of debt | ($11.2m) | ($64.3m) | ($719.8m) | ($25.8m) | ($498.0m) | ($4.2b) | ($200.0m) | |
| Long Term Debt Payments | — | — | — | ($49.9m) | ($518.2m) | ($4.2b) | ($218.7m) | |
| Repayment Of Debt | — | — | — | ($49.9m) | ($518.2m) | ($4.2b) | ($218.7m) | |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | — | — | — | $31.0m | $25.8m | $41.8m | $25.3m | |
| Common Stock Issuance | — | — | $1.7b | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | ($338.9m) | ($1.2b) | ($981.3m) | ($2.2b) | |
| Repurchases of common stock | ($11k) | ($1.8m) | $0 | ($338.9m) | ($1.2b) | ($981.3m) | ($2.2b) | |
| Common Stock Payments | — | — | — | ($338.9m) | ($1.2b) | ($981.3m) | ($2.2b) | |
| Net Other Financing Charges | — | — | — | ($169.1m) | ($312.1m) | ($1.2b) | ($407.8m) | |
| Net cash used in financing activities | $333.2m | $377.9m | $3.1b | ($526.8m) | ($1.6b) | ($1.7b) | ($2.6b) | |
| Effect of foreign exchange rate on cash and cash equivalents | — | — | — | — | $778k | ($3.2m) | $9.2m | |
| Effect Of Exchange Rate Changes | — | — | — | ($4.5m) | $778k | ($3.2m) | $9.2m | |
| Net (decrease) increase in cash and cash equivalents | — | — | — | — | ($578.3m) | $239.3m | $1.8b | |
| Cash and cash equivalents at beginning of the period | $396.2m | $317.2m | $2.6b | $1.1b | $502.2m | $741.4m | $2.5b | |
| Cash and cash equivalents at end of the period | — | — | — | — | $502.2m | $741.4m | — | |
| Change In Cash Supplemental As Reported | — | — | — | ($1.5b) | ($578.3m) | $239.3m | $1.8b | |
| Cash paid for interest | $62.3m | $59.4m | $76.7m | $166.0m | $248.8m | $270.6m | $198.8m | |
| Cash paid for income taxes, net of refunds | $30.5m | $12.7m | $90.6m | $86.3m | $75.4m | $67.3m | $194.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.