Strategic Education Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Net Income	69.79	46.67	55.09	86.27	81.14	Upgrade
Depreciation & Amortization	57.31	63.12	103.42	109.15	104.86	Upgrade
Share-Based Compensation	19.77	21.79	18.15	14.61	12.16	Upgrade
Other Operating Activities	-29.76	-5.53	3.88	-67.13	3.99	Upgrade
Operating Cash Flow	117.12	126.05	180.53	142.91	202.15	Upgrade
Operating Cash Flow Growth	-7.09%	-30.18%	26.33%	-29.31%	331.32%	Upgrade
Capital Expenditures	-31.05	-36.65	-41.1	-46.81	-38.69	Upgrade
Acquisitions	-0.53	-0.8	0	-628.76	0	Upgrade
Change in Investments	-16.96	6.09	8.01	33.38	0.62	Upgrade
Investing Cash Flow	-48.55	-31.36	-33.09	-642.19	-38.07	Upgrade
Dividends Paid	-58.78	-59.24	-59.05	-55.96	-46.63	Upgrade
Share Issuance / Repurchase	-14.83	-43.12	-8.84	195.26	-9.2	Upgrade
Debt Issued / Paid	-40	-40	0	139.88	0	Upgrade
Financing Cash Flow	-113.61	-142.36	-67.89	279.19	-55.82	Upgrade
Exchange Rate Effect	-0.5	-4.09	-2.35	1.62	0	Upgrade
Net Cash Flow	-45.53	-51.76	77.19	-218.48	108.26	Upgrade
Free Cash Flow	86.07	89.41	139.43	96.09	163.46	Upgrade
Free Cash Flow Growth	-3.74%	-35.87%	45.09%	-41.21%	746.05%	Upgrade
Free Cash Flow Margin	7.60%	8.39%	12.32%	9.35%	16.39%	Upgrade
Free Cash Flow Per Share	3.68	3.78	5.82	4.25	7.52	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).