Grand Canyon Education, Inc. (LOPE) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | 88.21M | 130.49M | -48.63M | 124.01M | 67.63M | 135.82M | -29.39M | 98.56M | 84.96M | 116.39M | -29.85M | 94.13M | 63M | 110.35M | -35.62M | 75.83M | 70.26M | 104.22M | -1.43M | 120.5M |
| Operating CF Margin % | - | 42.35% | -18.62% | 50.1% | 23.38% | 46.42% | -12.33% | 43.33% | 30.93% | 41.82% | -13.45% | 44.7% | 25.19% | 42.66% | -17.07% | 37.96% | 28.78% | 41.46% | -0.69% | 59.81% |
| Operating CF Growth % | 30.43% | -3.93% | -65.5% | 25.82% | -20.4% | 16.7% | 1.56% | 4.71% | 34.86% | 5.47% | 16.19% | 24.13% | -10.33% | 5.88% | -2383.89% | -37.07% | -21.78% | -19.04% | 96.5% | -10.96% |
| Net Income | 75.35M | 86.73M | 16.27M | 41.55M | 71.62M | 81.88M | 41.47M | 34.88M | 68.01M | 80.71M | 35.74M | 28.97M | 59.56M | 71.03M | 30.01M | 25.56M | 58.08M | 85.11M | 47.66M | 49.46M |
| Depreciation & Amortization | 10.45M | 10.26M | 10.17M | 9.91M | 9.56M | 9.53M | 9.23M | 9.03M | 8.76M | 8.66M | 8.16M | 7.51M | 7.64M | 7.84M | 7.78M | 7.73M | 7.83M | 7.7M | 7.68M | 7.5M |
| Stock-Based Compensation | 3.6M | 0 | 3.29M | 3.49M | 3.63M | 3.37M | 3.38M | 4M | 3.48M | 3.25M | 3.34M | 3.25M | 3.37M | 3.16M | 3.12M | 3.17M | 3.19M | 2.81M | 2.76M | 2.94M |
| Deferred Taxes | 1.57M | 1.24M | 11.84M | -789K | 2.45M | 395K | -826K | -1.46M | 1.72M | -115K | -643K | -656K | 1.82M | 33K | -364K | -748K | 1.48M | 3.34M | 496K | 61K |
| Other Non-Cash Items | -2.75M | -31.48M | 37.57M | -395K | -207K | 1.97M | -27.07M | -249K | -208K | -308K | -976K | 432K | 410K | -160K | 382K | -88K | 719K | -4.8M | 176K | 237K |
| Working Capital Changes | 0 | 63.73M | -127.78M | 70.25M | -19.41M | 38.67M | -55.56M | 52.36M | 3.2M | 24.19M | -75.47M | 54.62M | -9.8M | 28.45M | -76.54M | 40.2M | -1.04M | 10.06M | -60.2M | 60.3M |
| Change in Receivables | -28.97M | 37.76M | -94.34M | 88M | -32.75M | 33.44M | -86.93M | 82.26M | -32.9M | 25.66M | -79.79M | 77.89M | -25.16M | -19.74M | -75.44M | 44.34M | -31.94M | 29.95M | -80.13M | 76.91M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272K | -272K | -77.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 4.02M | 5.03M | -5.87M | -582K | -2.02M | -1.05M | 5.72M | -6.98M | 11.97M | -7M | 1.57M | 370K | 1.95M | 1.87M | 517K | -11.71M | 5.43M | -16.09M | 16.83M | 5.68M |
| Cash from Investing | 24.08M | -15.98M | -6.87M | -28.86M | -169.89M | -9.93M | 91.29M | -14.73M | -5.26M | -9.94M | -22.47M | -10.92M | -37.13M | -1.82M | -15.7M | -9.9M | -69.71M | 962.28M | 228.78M | -205.27M |
| Capital Expenditures | -8.13M | -7.63M | -9.64M | -8.62M | -8.97M | -9.93M | -9.4M | -9.05M | -9.05M | -10.44M | -16.91M | -9.26M | -8.83M | -9.03M | -11.35M | -8.37M | -6.88M | -7.63M | -5.73M | -7.03M |
| CapEx % of Revenue | - | 2.48% | 3.69% | 3.48% | 3.1% | 3.39% | 3.94% | 3.98% | 3.3% | 3.75% | 7.62% | 4.4% | 3.53% | 3.49% | 5.44% | 4.19% | 2.82% | 3.03% | 2.77% | 3.49% |
| Acquisitions | 0 | 0 | 1M | 0 | -1M | 0 | 0 | 0 | 0 | -26.41M | 16.91M | 9.26M | 244K | 7.07M | 0 | 1.55M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 85K | 0 | 453K | 0 | 0 | 0 | -227K | 0 | 0 | 26.41M | -16.91M | -9.26M | -244K | -7.07M | 0 | -1.55M | 0 | 969.91M | 190M | -190M |
| Cash from Financing | -127.91M | -100.03M | -39.49M | -47.38M | -77.86M | -64.85M | -39.63M | -38.73M | -29.97M | -16.84M | -33.73M | -45.32M | -41.23M | -28.01M | -48.19M | -128.46M | -399.56M | -526.57M | -235.79M | -71.62M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -82.92M | -43.29M | 26.71M |
| Equity Issued (Net) | 0 | -100.03M | -39.49M | -47.38M | -77.86M | -64.85M | -39.63M | -38.73M | -29.97M | -16.84M | -33.73M | -45.32M | -41.23M | -28.01M | -48.19M | -128.46M | -399.56M | -443.65M | -192.51M | -98.33M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -126.82M | -100.03M | -39.49M | -47.38M | -77.86M | -64.85M | -39.63M | -38.73M | -29.97M | -16.84M | -33.73M | -45.32M | -41.23M | -28.01M | -48.19M | -128.46M | -399.56M | -443.65M | -192.51M | -98.33M |
| Other Financing | -127.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | -15.62M | 14.48M | -94.99M | 47.77M | -180.11M | 61.04M | 22.27M | 45.11M | 49.73M | 89.6M | -86.05M | 37.88M | -15.37M | 80.52M | -99.51M | -62.53M | -399.01M | 539.94M | -8.45M | -156.38M |
| Free Cash Flow | 80.08M | 122.87M | -58.28M | 115.39M | 58.66M | 125.89M | -38.78M | 89.51M | 75.91M | 105.95M | -46.76M | 84.87M | 54.17M | 101.31M | -46.96M | 67.46M | 63.38M | 96.59M | -7.17M | 113.47M |
| FCF Margin % | - | 39.88% | -22.32% | 46.62% | 20.28% | 43.03% | -16.28% | 39.35% | 27.64% | 38.07% | -21.07% | 40.3% | 21.66% | 39.16% | -22.5% | 33.77% | 25.96% | 38.43% | -3.47% | 56.32% |
| FCF Growth % | 36.51% | -2.4% | -50.26% | 28.92% | -22.72% | 18.82% | 17.06% | 5.46% | 40.14% | 4.57% | 0.44% | 25.82% | -14.54% | 4.89% | -555.28% | -40.55% | -21.58% | -20.3% | 85.94% | -12.1% |
| FCF per Share | 2.98 | 4.45 | -2.09 | 4.10 | 2.06 | 4.36 | -1.33 | 3.04 | 2.56 | 3.56 | -1.56 | 2.80 | 1.77 | 3.29 | -1.50 | 2.12 | 1.82 | 2.44 | -0.16 | 2.49 |
| FCF Conversion (FCF/Net Income) | 1.17x | 1.50x | -2.99x | 2.98x | 0.94x | 1.66x | -0.71x | 2.83x | 1.25x | 1.44x | -0.84x | 3.25x | 1.06x | 1.55x | -1.19x | 2.97x | 1.21x | 1.22x | -0.03x | 2.44x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | -4K | 0 | 2K | 2K | 6K | 1K | 7K | 19K | -3K | 0 | 5K | 0 | 1.3M | 741K | 763K |
| Taxes Paid | 0 | 0 | 0 | 44.14M | 333K | 13.84M | 7.2M | 43.92M | 295K | 11.37M | 5.19M | 42.23M | 230K | 7.46M | 2.28M | 38.53M | 306K | 13.49M | 11.28M | 36.9M |