Adtalem Global Education Inc. (ATGE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 29.74M | 130.55M | 59.69M | 207.91M | -19.02M | 89.32M | 40.57M | 153.64M | -7.1M | 89.32M | 42.5M | 108M | -49.98M | 91.35M | -40.88M | 50.39M | -39.77M | 40.86M | 48.04M | 80.77M |
| Operating CF Margin % | 5.91% | 28.24% | 13.06% | 44.61% | -4.25% | 21.4% | 9.9% | 37.23% | -1.81% | 24.21% | 11.65% | 29.26% | -13.77% | 25.78% | -11.34% | 13.83% | -10.71% | 14.14% | 17.13% | 35.08% |
| Operating CF Growth % | 256.39% | 46.17% | 47.13% | 35.32% | -167.84% | 0% | -4.53% | 42.25% | 85.79% | -2.22% | 203.95% | 114.34% | -25.67% | 123.54% | -185.1% | -37.62% | -140.53% | -48.87% | 2122.86% | -32.24% |
| Net Income | 76.17M | 61.06M | 54.46M | 60.79M | 71.18M | 46.24M | 50.6M | 37.44M | 37.71M | 46.24M | 23.55M | 48.74M | 23.62M | 5.51M | 1.14M | 5.86M | 39.03M | -40.63M | 12.86M | 29.71M |
| Depreciation & Amortization | 20.95M | 20.32M | 20.45M | 24.32M | 20.14M | 19.56M | 22.85M | 28.39M | 28.84M | 19.56M | 32.6M | 33.7M | 35.74M | 49.04M | 34.41M | 48.99M | 42.33M | 43.01M | 23.76M | 24.88M |
| Stock-Based Compensation | 13.24M | 8.29M | 10.41M | 10.26M | 11.47M | 9.45M | 6.54M | 5.9M | 6.05M | 9.45M | 0 | 2.79M | 1.97M | 6.14M | 0 | 0 | 0 | 9.91M | 2.63M | 3.6M |
| Deferred Taxes | 3.5M | 54.41M | -1.58M | -3.52M | 7.06M | 16.46M | 15.72M | -4.31M | -2.51M | 16.46M | -3.37M | -1.47M | -2.87M | 2.63M | -3.97M | 12.76M | 1.52M | -10.85M | 4.85M | -2.75M |
| Other Non-Cash Items | 18.09M | 15.27M | 16.83M | 23.54M | 20.88M | 14.08M | 17.89M | 2.82M | 14.13M | 14.08M | 11.35M | -2.95M | 15.14M | 14.4M | -119.59M | 1.18M | 4.31M | 24.42M | -2.8M | 2.05M |
| Working Capital Changes | -102.21M | -28.81M | -40.88M | 92.52M | -149.74M | -16.47M | -73.04M | 83.4M | -91.33M | -16.47M | -21.64M | 27.19M | -123.57M | 13.62M | 47.14M | -18.39M | -126.97M | 15.02M | 6.75M | 23.29M |
| Change in Receivables | 15.96M | -62.69M | -207K | -34.12M | 10.31M | -56.8M | -2.69M | -31.23M | 7.69M | -56.8M | -12.96M | -18.3M | 8.17M | -33.22M | 10.64M | -6.75M | 42.52M | -76.29M | 7.95M | 12.01M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -86.15M | 12.11M | -7.22M |
| Change in Payables | -2.86M | 1.38M | 10.12M | 24.61M | -26.08M | -8.51M | 7.49M | 3.02M | 10.69M | -8.51M | 12.46M | -947K | 5.65M | 8.71M | -9.99M | 2.57M | -34.89M | 26.58M | 8.63M | -2.81M |
| Cash from Investing | -19.62M | -16.02M | -11.66M | -10.05M | -10.68M | -9.54M | 4.04M | -12.7M | -15.25M | -9.54M | -6.96M | 43.62M | -6.56M | -6.31M | -10.87M | 962.3M | -15.91M | -1.49B | -21.82M | -10.65M |
| Capital Expenditures | -14.62M | -16.02M | -18.99M | -10.24M | -10.68M | -10.41M | 3.12M | -21.69M | -15.28M | -10.41M | -6.96M | -9.31M | -4.2M | -5.55M | -8.8M | -7.48M | -7.45M | -7.32M | -13.82M | -10.67M |
| CapEx % of Revenue | 2.91% | 3.47% | 4.15% | 2.2% | 2.39% | 2.5% | 0.76% | 5.26% | 3.89% | 2.82% | 1.91% | 2.52% | 1.16% | 1.57% | 2.44% | 2.05% | 2.01% | 2.53% | 4.93% | 4.63% |
| Acquisitions | 0 | 0 | 7.33M | 0 | 0 | 0 | 0 | 0 | 15.28M | 0 | -3.17M | -6.13M | 49K | 0 | -1.88M | 960.86M | -6.26M | -1.48B | 13.82M | 10.67M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -5M | 0 | 0 | 0 | 0 | 0 | 0 | 8.98M | -15.28M | 0 | -43.63M | 52.93M | -2.36M | -811K | -10M | 8.91M | -2.2M | -633K | -13.82M | -10.67M |
| Cash from Financing | -217.67M | -49.51M | -68.05M | -172.1M | -41.75M | -34.11M | -10.73M | -139.69M | -55.99M | -34.11M | -77.64M | -44.45M | -63.45M | -102.97M | -391.57M | -546.49M | 355K | 515.02M | -18.57M | 747.16M |
| Debt Issued (Net) | -50M | 0 | 100M | -100M | 0 | 0 | 0 | -50M | 0 | 0 | 0 | 0 | -50M | -100.86M | -392.05M | -396.67M | 0 | 559M | -750K | 799.25M |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -622K | 1000K | 581K | -1000K | 645K | -1000K | -1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -164.77M | -7.59M | -66.69M | -72.37M | -40.88M | -33.19M | -11.5M | -89.91M | -70.07M | -33.19M | -78.42M | -44.71M | -622K | 0 | 0 | -120M | 0 | -2.23M | -18.43M | -36.6M |
| Other Financing | -3.3M | -41.91M | -101.74M | 271K | -877K | -921K | -1.13M | -95K | -854K | -921K | -378K | 362K | -12.82M | -3.49M | -107K | -30.21M | -290K | -41.75M | 670K | -15.41M |
| Net Change in Cash | -207.54M | 65.02M | -20.02M | 25.76M | -71.45M | 45.67M | 33.88M | 1.25M | -78.35M | 45.67M | -42.1M | 107.17M | -119.98M | -17.94M | -442.06M | 513.35M | -67.57M | -933.3M | 7.84M | 817.06M |
| Free Cash Flow | 15.12M | 114.53M | 40.7M | 197.67M | -29.7M | 78.9M | 43.69M | 140.94M | -22.38M | 78.9M | 35.54M | 98.69M | -54.18M | 85.8M | -49.69M | 42.91M | -47.22M | 33.54M | 34.22M | 70.1M |
| FCF Margin % | 3% | 24.77% | 8.9% | 42.41% | -6.63% | 18.9% | 10.66% | 34.15% | -5.69% | 21.39% | 9.75% | 26.74% | -14.93% | 24.22% | -13.78% | 11.78% | -12.72% | 11.6% | 12.2% | 30.45% |
| FCF Growth % | 150.91% | 45.15% | -6.84% | 40.25% | -32.69% | 0% | 22.94% | 42.8% | 58.68% | -8.03% | 171.53% | 130% | -14.74% | 155.8% | -245.21% | -38.79% | -116.65% | -48.78% | 440.73% | -34.84% |
| FCF per Share | 0.42 | 3.09 | 1.08 | 5.17 | -0.77 | 2.02 | 1.13 | 3.56 | -0.55 | 1.87 | 0.81 | 2.15 | -1.17 | 1.85 | -1.09 | 0.87 | -0.94 | 0.68 | 0.68 | 1.37 |
| FCF Conversion (FCF/Net Income) | 0.39x | 2.11x | 1.10x | 3.42x | -0.25x | 1.93x | 0.82x | 4.17x | -0.18x | 8.39x | 1.91x | 2.35x | -2.03x | 154.30x | -6.06x | 0.14x | -2.23x | -0.70x | 5.33x | 3.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |