AppLovin Corporation

APP

APPAppLovin Corporation US flag

NASDAQ Global Select

605.63

USD

-8.07

- -

203.46BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	994	1,451	2,793	2,817	1,842	3,224	5,481
+ Sales & Services Revenue	994	1,451	2,793	2,817	1,842	3,224	5,481
- Cost of Revenue	241	556	988	1,256	357	521	665
+ Cost of Goods & Services	241	556	988	1,256	357	521	665
Gross Profit	753	896	1,805	1,561	1,485	2,703	4,816
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	558	875	1,655	1,609	713	792	664
+ Selling, General & Admin	513	694	1,289	1,101	379	418	437
+ Research & Development	45	181	366	508	334	375	227
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	194	21	150	-48	772	1,911	4,152
- Non-Operating (Income) Loss	68	156	104	157	271	299	199
+ Interest Expense, Net	74	78	103	172	274	317	207
+ Interest Expense	74	78	103	172	274	317	207
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-6	78	1	-14	-3	-18	-8
Pretax Income	126	-136	46	-205	502	1,612	3,953
- Income Tax Expense (Benefit)	7	-10	11	-12	44	22	520
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	119	-126	35	-193	458	1,590	3,433
- Net Extraordinary Losses (Gains)	- -	-1	- -	- -	101	10	99
+ Discontinued Operations	- -	- -	- -	- -	-101	-10	-99
+ Extraord. & Accounting Changes	- -	-1	- -	- -	201	19	199
Income (Loss) Incl. MI	119	-124	36	-193	357	1,580	3,334
- Minority Interest	- -	1	- -	- -	- -	- -	- -
Net Income, GAAP	119	-125	35	-193	357	1,580	3,334
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	119	-125	35	-193	357	1,580	3,334
EBIT	194	21	150	-48	772	1,911	4,152
EBITDA	287	276	581	499	1,261	2,360	4,347
EBITDA Margin (%)	28.89	18.99	20.8	17.72	68.49	73.19	79.31
EBITA	194	21	150	-48	772	1,911	4,152
Gross Margin (%)	75.73	61.71	64.62	55.41	80.64	83.85	87.86
Operating Margin (%)	19.55	1.42	5.37	-1.7	41.94	59.27	75.75
Profit Margin (%)	11.97	-8.63	1.27	-6.84	19.4	49	60.83
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	93	255	431	547	489	449	195
Basic Weighted Avg Shares	324	358	325	372	352	337	339
Basic EPS, GAAP	0.37	-0.35	0.11	-0.52	1.01	4.69	9.84
Basic EPS from Cont Ops	0.37	-0.35	0.11	-0.52	1.3	4.72	10.13
Diluted Weighted Avg Shares	324	358	343	372	363	348	342
Diluted EPS, GAAP	0.37	-0.35	0.1	-0.52	0.99	4.54	9.75
Diluted EPS from Cont Ops	0.37	-0.35	0.1	-0.52	1.26	4.57	10.04

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	586	663	3,235	1,939	1,616	2,312	4,431
+ Cash, Cash Equivalents & STI	396	317	1,521	1,080	502	697	2,487
+ Cash & Cash Equivalents	396	317	1,521	1,080	502	697	2,487
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	161	297	515	703	954	1,283	1,819
+ Accounts Receivable, Net	161	297	515	703	954	1,283	1,819
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	29	49	1,200	156	160	332	124
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	616	1,492	2,929	3,909	3,743	3,557	2,829
+ Property, Plant & Equip, Net	23	113	135	139	222	196	148
+ Property, Plant & Equip	48	143	174	188	294	287	265
- Accumulated Depreciation	25	30	40	49	72	91	118
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	288
+ LT Investments	- -	- -	- -	- -	- -	- -	288
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	593	1,379	2,794	3,770	3,521	3,361	2,393
+ Total Intangible Assets	578	1,336	2,676	3,501	3,135	1,931	1,937
+ Goodwill	137	250	966	1,824	1,843	1,458	1,540
+ Other Intangible Assets	441	1,086	1,709	1,678	1,293	473	397
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	15	43	118	268	386	1,430	457
Total Assets	1,202	2,155	6,164	5,848	5,359	5,869	7,260
+ Payables & Accruals	108	200	337	397	589	819	1,254
+ Accounts Payable	71	147	258	273	372	504	747
+ Accrued Taxes	- -	40	67	82	142	264	452
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	37	13	12	42	75	51	55
+ ST Debt	15	40	66	48	229	15	14
+ ST Borrowings	12	15	26	33	215	- -	- -
+ ST Finance Leases	3	25	40	14	14	15	14
+ Other ST Liabilities	116	357	237	135	127	224	66
+ Deferred Revenue	8	87	79	64	79	37	48
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	108	270	158	71	48	187	18
Total Current Liabilities	239	598	640	579	944	1,057	1,334
+ LT Debt	1,181	1,656	3,264	3,233	2,949	3,540	3,531
+ LT Borrowings	1,168	1,584	3,202	3,178	2,906	3,509	3,513
+ LT Finance Leases	13	72	62	54	43	31	18
+ Other LT Liabilities	39	59	121	134	210	182	260
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	39	59	121	134	210	182	260
Total Noncurrent Liabilities	1,220	1,715	3,385	3,366	3,159	3,722	3,791
Total Liabilities	1,459	2,313	4,025	3,945	4,103	4,779	5,125
+ Preferred Equity and Hybrid Capital	400	400	- -	- -	- -	- -	- -
+ Share Capital & APIC	235	454	3,160	3,156	2,135	594	447
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	235	454	3,160	3,156	2,135	594	447
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-887	-1,012	-977	-1,170	-813	599	1,735
+ Other Equity	-4	1	-45	-83	-65	-103	-47
Equity Before Minority Interest	-257	-159	2,138	1,903	1,256	1,090	2,135
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	-257	-158	2,138	1,903	1,256	1,090	2,135
Total Liabilities & Equity	1,202	2,155	6,164	5,848	5,359	5,869	7,260
Shares Outstanding	358	358	375	374	340	340	338
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	15	97	103	68	57	46	32
Net Debt	784	1,282	1,707	2,131	2,619	2,812	1,026
Net Debt to Equity	-305.7	-810.16	79.84	112.01	208.44	258.02	48.06
Tangible Common Equity Ratio	-197.64	-231.39	-15.41	-68.13	-84.51	-21.34	3.72
Current Ratio	2.45	1.11	5.05	3.35	1.71	2.19	3.32
Cash Conversion Cycle	- -	-13.9	-21.87	1.65	-165.88	-180.45	-240.01

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	119	-126	35	-193	357	1,580	3,334
+ Depreciation & Amortization	93	255	431	547	489	449	195
+ Non-Cash Items	18	161	180	351	424	420	365
+ Stock-Based Compensation	10	62	133	192	363	369	210
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	28	- -	239
+ Other Non-Cash Adj	8	99	47	159	33	51	-85
+ Chg in Non-Cash Work Cap	-31	-67	-284	-292	-209	-350	78
+ (Inc) Dec in Accts Receiv	-34	-113	-202	-175	-261	-467	-542
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-20	-13	-97	-4	-134	-185	135
+ Inc (Dec) in Accts Payable	19	52	102	-3	205	317	501
+ Inc (Dec) in Other	3	8	-87	-111	-19	-14	-15
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	198	223	362	413	1,062	2,099	3,971
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	37	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	37	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-3	-1	-1	-68	-30	-28
+ Acq of Fixed Prod Assets	-3	-3	-1	-1	-4	-5	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	-64	-26	-28
+ Cash (Repurchase) of Equity	- -	8	1,745	-339	-1,154	-981	-2,192
+ Increase in Capital Stock	- -	9	1,745	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	-2	- -	-339	-1,154	-981	-2,192
+ Net Change in LT Investment	-4	-2	-15	-66	-18	-77	-20
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	-4	-2	-15	-66	-18	-77	-20
+ Net Cash From Acq & Div	-404	-675	-1,211	-1,346	-64	-26	407
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	407
+ Cash for Acq of Subs	-404	-675	-1,211	-1,346	-64	-26	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	12	4	72	26	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-412	-680	-1,215	-1,371	-78	-107	358
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	372	407	1,597	-50	-123	369	-19
+ Cash From Debt	389	481	2,344	- -	395	4,615	200
+ Repayments of Debt	-17	-74	-747	-50	-518	-4,246	-219
+ Other Financing Activities	-39	-37	-233	-138	-286	-1,137	-382
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	333	378	3,110	-527	-1,563	-1,750	-2,593
Effect of Foreign Exchange Rates	- -	- -	-3	-4	1	-3	9
Net Changes in Cash	120	-79	2,256	-1,486	-579	242	1,736
EBITDA	287	276	581	499	1,261	2,360	4,347
EBITDA Margin (%)	28.89	18.99	20.8	17.72	68.49	73.19	79.31
Free Cash Flow	195	220	360	412	993	2,069	3,943
Net Cash Paid for Acquisitions	404	675	1,211	1,346	64	26	-407
Free Cash Flow to Firm	265	- -	439	- -	1,243	2,381	4,123
Free Cash Flow to Equity	- -	627	1,558	399	934	2,463	3,952
Free Cash Flow per Basic Share	0.6	0.61	1.11	1.11	2.82	6.14	11.64
Price/Free Cash Flow	- -	- -	88.95	9.46	12.79	52.89	57.62
Cash Flow to Net Income	1.67	-1.78	10.21	-2.14	2.97	1.33	1.19
Capital Expenditures	-3	-3	-1	-1	-68	-30	-28