LOPE: the cashflow

MyFinsight

For the year ending 2025-12-31, LOPE had -$212,861K decrease in cash & cash equivalents over the period. $238,648K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net income	216,170
Share-based compensation	13,639
Depreciation and amortization	31,483
Amortization of intangible assets	8,419
Deferred income taxes	14,739
Lease termination, impairment and other	2,411
Other, including fixed asset disposals	154
Accounts receivable from university partners	1,330
Other assets	4,192
Right-of-use assets and lease liabilities	671
Accounts payable	-3,451
Accrued liabilities	2,192
Income taxes receivable/payable	-7,106
Net cash provided by operating activities	273,491
Capital expenditures	34,843
Additions of amortizable content	60
Purchase of equity investment	1,000
Loss on equity investment	-500
Purchases of investments	241,723
Proceeds from sale or maturity of investments	55,532
Net cash (used in) provided by investing activities	-221,594
Repurchase of common shares and shares withheld in lieu of income taxes	264,758
Net cash used in financing activities	-264,758
Net (decrease) increase in cash and cash equivalents and restricted cash	-212,861
Cash and cash equivalents at beginning of period	324,623
Cash and cash equivalents at end of period	111,762

Unit: Thousand (K) dollars