For the year ending 2025-12-31, LINC had -$30,754K decrease in cash & cash equivalents over the period. -$27,322K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 19,998 |
| Depreciation and amortization | 19,161 |
| Finance lease amortization | 1,670 |
| Amortization of deferred finance charges | 142 |
| Deferred income taxes | 2,623 |
| (gain) loss on sale of assets | 406 |
| Gain on insurance proceeds | 0 |
| Proceeds from insurance | 0 |
| Fixed asset donations | -311 |
| Provision for credit losses | 58,085 |
| Stock-based compensation expense | 5,488 |
| Accounts receivable | 53,652 |
| Inventories | 933 |
| Prepaid income taxes | 1,599 |
| Prepaid expenses and current assets | 10,381 |
| Other assets, net | -7,169 |
| Accounts payable | -9,292 |
| Accrued expenses | 6,444 |
| Unearned tuition | 13,528 |
| Income taxes payable | -1,072 |
| Other liabilities | 2,649 |
| Total adjustments | 39,313 |
| Net cash provided by operating activities | 59,311 |
| Capital expenditures | 86,633 |
| Proceeds from sale of property and equipment | 434 |
| Net cash used in investing activities | -86,199 |
| Proceeds from borrowings | 45,000 |
| Payments on borrowings | 45,000 |
| Payment of deferred finance fees | 121 |
| Finance lease principal paid | -356 |
| Tenant allowance finance leases | 399 |
| Net share settlement for equity-based compensation | 3,788 |
| Net cash used in financing activities | -3,866 |
| Net decrease in cash and cash equivalents | -30,754 |
| Cash and cash equivalents beginning of period | 59,273 |
| Cash and cash equivalentsend of period | 28,519 |