For the quarter ending 2026-03-31, APG had -$268M decrease in cash & cash equivalents over the period. $67M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 57 | 97 | 93 | 112 |
| Depreciation | 21 | 22 | 21 | 42 |
| Amortization | 63 | 63 | 60 | 119 |
| Restructuring charges, net of cash paid | -2 | 0 | -4 | -2 |
| Deferred taxes | - | -13 | -3 | 1 |
| Share-based compensation expense | 11 | 13 | 10 | 21 |
| Profit-sharing expense | 11 | 13 | 9 | 14 |
| Non-cash lease expense | 32 | 28 | 26 | 56 |
| Net periodic pension cost | -6 | -6 | -6 | -11 |
| Other, net | 0 | 8 | 3 | -2 |
| Accounts receivable | -31 | -1 | 46 | 12 |
| Contract assets | 54 | -95 | 35 | 77 |
| Inventories | 5 | -4 | -5 | 3 |
| Prepaid expenses and other current assets | 17 | -42 | 5 | 36 |
| Accounts payable | -20 | -13 | 11 | 7 |
| Accrued liabilities and income taxes payable | -92 | 46 | 55 | -56 |
| Contract liabilities | 81 | 18 | 30 | 37 |
| Other assets and liabilities | 38 | 58 | 4 | 89 |
| Net cash provided by operating activities | 85 | 382 | 232 | 145 |
| Acquisitions, net of cash acquired | 289 | 12 | 63 | 111 |
| Purchases of property and equipment | 18 | 26 | 31 | 39 |
| Proceeds from sales of property and equipment | 2 | 15 | 3 | 10 |
| Other financing activities | - | 0 | 0 | 0 |
| Net cash used in investing activities | -305 | -23 | -91 | -140 |
| Proceeds from long-term borrowings | - | 0 | 0 | 0 |
| Proceeds from the issuance of common shares | - | 0 | 0 | 0 |
| Conversion of series b preferred stock | - | 0 | 0 | 0 |
| Payments on long-term borrowings | 1 | 2 | 1 | 4 |
| Repurchases of common stock | 0 | 0 | 0 | 75 |
| Payments of acquisition-related consideration | 4 | 2 | 14 | 2 |
| Restricted shares tendered for taxes | 37 | 1 | 0 | 20 |
| Net cash used in financing activities | -42 | -5 | -15 | -101 |
| Effect of foreign currency exchange rate change on cash, cash equivalents, and restricted cash | -6 | 3 | -3 | 28 |
| Net decrease in cash, cash equivalents, and restricted cash | -268 | 357 | 123 | -68 |
| Cash, cash equivalents, and restricted cash, beginning of period | 913 | 556 | 501 | - |
| Cash, cash equivalents, and restricted cash, end of period | 645 | 913 | 556 | - |
APi Group Corp (APG)
APi Group Corp (APG)