APG: the cash flow

MyFinsight

For the year ending 2025-12-31, APG had $412M increase in cash & cash equivalents over the period. $663M in free cash flow.

Cash Flow	2025-12-31
Net income	302
Depreciation	85
Amortization	242
Restructuring charges, net of cash paid	-6
Deferred taxes	-15
Share-based compensation expense	44
Profit-sharing expense	36
Non-cash lease expense	110
Net periodic pension cost (benefit)	-23
Other, net	9
Accounts receivable	57
Contract assets	17
Inventories	-6
Prepaid expenses and other current assets	-1
Accounts payable	5
Accrued liabilities and income taxes payable	45
Contract liabilities	85
Other assets and liabilities	151
Net cash provided by operating activities	759
Acquisitions, net of cash acquired	186
Purchases of property and equipment	96
Proceeds from sales of property, equipment, held for sale assets, and businesses	28
Net cash used in investing activities	-254
Proceeds from long-term borrowings	0
Payments on long-term borrowings	7
Repurchases of common stock	75
Proceeds from the issuance of common shares	0
Conversion of series b preferred stock	0
Payments of acquisition-related consideration	18
Restricted shares tendered for taxes	21
Other financing activities	0
Net cash (used in) provided by financing activities	-121
Effect of foreign currency exchange rate change on cash, cash equivalents, and restricted cash	28
Net increase (decrease) in cash, cash equivalents, and restricted cash	412
Cash, cash equivalents, and restricted cash, beginning of period	501
Cash, cash equivalents, and restricted cash, end of period	913

Unit: Million (M) dollars (except for numbers of shares and EPS).