APPFOLIO INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($8.3m) $9.7m $20.0m $36.3m $158.4m $1.0m ($68.1m) $2.7m $204.1m $140.9m
Net Income (Loss) Available to Common Stockholders, Basic ($8.3m) $9.7m $20.0m $36.3m $158.4m $1.0m ($68.1m) $2.7m $204.1m $140.9m
Depreciation, Depletion and Amortization $9.9m $12.7m $14.6m $22.4m $26.8m $30.8m $33.1m $26.5m $17.8m $22.7m
Amortization of Debt Issuance Costs $63k $63k $60k
Amortization of Intangible Assets $1.4m $1.4m $1.2m $5.3m $4.9m $4.6m $4.4m $2.5m $2.1m $10.2m
Capitalized Computer Software, Amortization $6.2m $9.0m $11.0m $14.0m $17.9m $21.5m $23.6m $19.2m $12.2m $8.2m
Depreciation $9.9m $2.3m $2.4m $3.1m $4.0m $4.7m $5.1m $7.3m $5.2m $4.3m
Deferred Income Tax Expense (Benefit) $81k ($31.4m) $29.0m $340k ($597k) ($489k) ($86.5m) $17.5m
Share-based Payment Arrangement, Noncash Expense $4.3m $6.1m $6.3m $7.3m $9.0m $17.2m $43.2m $54.9m $62.1m $70.8m
Payment, Tax Withholding, Share-based Payment Arrangement $111k $1.8m $3.1m $6.2m $12.2m $10.0m $10.6m $28.6m $47.3m $43.2m
Share-based Payment Arrangement, Expense $40.9m $52.4m $60.3m $70.8m
Goodwill, Impairment Loss $0
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $0 $0 $0 $0 $0 $0
Equity Method Investment, Realized Gain (Loss) on Disposal $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($41k) ($97k) ($22k)
Gain (Loss) on Disposition of Business ($161k) $0 $187.7m $380k $4.2m $0 $0
Income Tax Expense (Benefit) $67k $58k $420k ($31.5m) $38.4m $706k $1.4m $5.3m ($53.7m) $20.2m
Other Nonoperating Income (Expense) ($37k) ($96k) ($56k) $16k $188.9m $13.1m $4.5m $3k $697k $38k
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $463k $876k $908k $2.0m $2.8m $2.1m $4.2m $4.2m $3.4m $12.5m
Increase (Decrease) in Accounts Payable ($904k) ($100k) $614k $511k ($903k) $497k $1.2m ($1.6m) $1.6m $1.8m
Proceeds from Stock Options Exercised $352k $663k $1.0m $553k $822k $2.6m $4.5m $2.6m $3.9m $134k
Purchases of property and equipment, accrued but unpaid $4.2m $2.2m $2.1m $8.1m $19.0m $8.1m $6.5m $9.0m $2.0m $3.2m
General and Administrative Expense $18.0m $21.2m $24.9m $34.5m $47.5m $57.3m $100.8m $93.5m $86.0m $95.6m
Goodwill $6.7m $6.7m $15.5m $58.4m $56.1m $56.1m $56.1m $56.1m $96.4m $96.4m
Net Cash Provided by (Used in) Operating Activities $11.5m $29.4m $36.3m $38.9m $48.3m $35.4m $25.4m $60.3m $188.2m $242.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4.2m $2.2m $2.1m $8.1m $19.0m $8.1m $6.5m $9.0m $2.0m $3.2m
Payments to Acquire Businesses, Net of Cash Acquired $0 $0 $0 $0 $77.4m $906k
Net Cash Provided by (Used in) Investing Activities ($13.1m) ($22.8m) ($4.6m) ($89.9m) $146.5m ($110.5m) ($6.5m) ($55.6m) ($151.8m) $10.2m
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $21.3m $16.5m $32.8m $15.7m $27.3m $107.4m $87.9m $152.4m $240.0m $119.0m
Payments for Repurchase of Common Stock $21.6m $0 $4.2m $0 $0 $145.7m
Net Cash Provided by (Used in) Financing Activities $201k ($1.1m) $26.3m ($7.3m) ($70.4m) ($7.3m) ($6.2m) ($26.0m) ($43.4m) ($187.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($58.3m) $124.5m ($82.4m) $12.7m ($21.3m) ($7.0m) $64.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $74.5m $16.2m $140.7m $58.3m $71.0m $49.8m $42.8m $107.2m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $118k $2.2m $1.8m $0 $0
Income Taxes Paid, Net $27k $30k $82k $545k $85k $9.3m $3.3m $8.1m $14.0m $28.8m