APi Group Corp
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
APG$42.73+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
December 31, 2025 and 2024
(In millions, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $912 | $499 |
| Accounts receivable, net of allowances of $14 and $9 at December 31, 2025 and 2024, respectively | 1,563 | 1,444 |
| Inventories | 145 | 143 |
| Contract assets | 484 | 453 |
| Prepaid expenses and other current assets | 125 | 119 |
| Total current assets | 3,229 | 2,658 |
| Property and equipment, net | 397 | 379 |
| Operating lease right-of-use assets | 301 | 268 |
| Goodwill | 3,167 | 2,894 |
| Intangible assets, net | 1,584 | 1,660 |
| Deferred tax assets | 40 | 57 |
| Pension and post-retirement assets | 129 | 120 |
| Other assets | 89 | 116 |
| Total assets | $8,936 | $8,152 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Short-term and current portion of long-term debt | $5 | $4 |
| Accounts payable | 526 | 497 |
| Contingent consideration and compensation liabilities | 60 | 20 |
| Accrued salaries and wages | 444 | 381 |
| Contract liabilities | 694 | 590 |
| Operating and finance leases | 98 | 90 |
| Other accrued liabilities | 323 | 303 |
| Total current liabilities | 2,150 | 1,885 |
| Long-term debt, less current portion | 2,754 | 2,749 |
| Pension and post-retirement obligations | 50 | 48 |
| Contingent consideration and compensation liabilities | 8 | 22 |
| Operating and finance leases | 215 | 192 |
| Deferred tax liabilities | 205 | 198 |
| Other noncurrent liabilities | 146 | 105 |
| Total liabilities | 5,528 | 5,199 |
| Commitments and contingencies (Note 18) | — | — |
| Shareholders’ equity: | ||
| Series A Preferred Stock, $0.0001 par value; 7,000,000 authorized shares; 4,000,000 shares issued and outstanding at December 31, 2025 and 2024 | — | — |
| Common stock, $0.0001 par value; 1,000,000,000 and 500,000,000 authorized shares; and 415,915,273 shares and 412,167,491 shares issued at December 31, 2025 and 2024, respectively (excluding 15,212,810 and 11,916,156 shares declared for stock dividend at December 31, 2025 and 2024, respectively) | — | — |
| Additional paid-in capital | 3,296 | 3,305 |
| Retained earnings | 517 | 215 |
| Accumulated other comprehensive loss | (405) | (567) |
| Total shareholders’ equity | 3,408 | 2,953 |
| Total liabilities and shareholders’ equity | $8,936 | $8,152 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.