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| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | ($514.8m) | ($580.8m) | ($416.7m) | ($104.4m) | $147.0m | $120.6m | ($42.6m) | ($15.0m) | ($7.3m) | ($16.9m) | — | |
| Net Income (Loss) Attributable to Parent | ($74.1m) | — | — | — | — | $18.9m |
($42.6m)
-324.93%
|
($15.0m)
+64.68%
|
($7.2m)
+51.87%
|
($16.8m)
-132.26%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($87.0m) | ($89.3m) | ($60.6m) | ($15.0m) | $22.5m | $18.9m | ($42.6m) | ($15.0m) | ($7.3m) | ($16.9m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | ($87k) | ($54k) | — | |
| Depreciation, Depletion and Amortization | $2.4m | $4.5m | $4.8m | $3.8m | $2.9m | $4.3m | $103k | $99k | $137k | $434k | $434k | |
| Amortization of Intangible Assets | $1.0m | $2.9m | $3.7m | $3.9m | $3.8m | $8.3m | $12k | $13k | $12k | $12k | — | |
| Depreciation | $15.5m | $26.1m | $29.3m | $22.7m | $15.1m | $19.0m | $91k | $86k | $137k | $434k | $422k | |
| Deferred Income Tax Expense (Benefit) | ($45k) | ($50k) | $11k | ($22k) | ($1.5m) | ($7.9m) | $10k | ($163k) | $15k | $427k | $427k | |
| Deferred tax (benefits)/expenses | — | — | — | — | — | $52k | $122k | ($156k) | $15k | $427k | — | |
| Share-based Payment Arrangement, Noncash Expense | $6.9m | $5.4m | $4.1m | $2.4m | $4.1m | $4.2m | $712k | $910k | $934k | $1.3m | $1.3m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $48.2m | $35.1m | $27.9m | — | — | — | — | — | — | — | $1.3m | |
| Share-based compensation expense | $48.2m | $35.1m | $27.9m | $16.7m | $26.7m | $27.1m | $712k | $910k | $934k | $1.3m | $1.3m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | $5.0m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $10.2m | — | — | — | — | $150k | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $22.0m | $0 | $0 | $0 | $0 | — | |
| Impairment loss | — | — | $7.4m | $0 | $0 | — | — | — | — | $150k | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $771k | ($1.5m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | — | — | — | ($44k) | $249k | ($134k) | — | — | — | — | — | |
| Accrued expenses and other current liabilities | $86.9m | $67.0m | ($3.7m) | ($27.2m) | $66.1m | ($136.1m) | $2.2m | $1.9m | $589k | $6.4m | — | |
| Prepaid expenses and other current assets | ($21.4m) | ($16.5m) | ($87.4m) | ($16.6m) | ($53.9m) | $241.7m | ($999k) | ($3.8m) | ($5.0m) | ($11.2m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $28.7m |
$8.5m
-70.53%
|
$4.3m
-48.82%
|
$57.2m
+1219.44%
|
$110.2m
+92.85%
|
($106.1m)
-196.25%
|
($45.7m)
+56.92%
|
$559k
+101.22%
|
$5.8m
+943.29%
|
$11.8m
+102.57%
|
$11.8m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.3m | $5.4m | $2.6m | $1.4m | $3.4m | $3.8m | $5k | $287k | $308k | $2.3m | ($2.3m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $4k | ($56k) | ($1.7m) | $82k | — | — | — | ($82k) | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | $942.0m | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | — | $143.3m | $107.3m | $190.3m | — | — | — | — | ($3.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($252.1m) | $1.7m | ($713k) | ($59.3m) | ($112.5m) | $99.5m | $2.5m | $2.4m | $468k | ($952k) | ($952k) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | $2.8m | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $12.5m | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | $863k | $3.5m | $3.2m | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $61.1m | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $424.5m |
$40k
-99.99%
|
$9.9m
+24772.50%
|
($7.8m)
-178.73%
|
$1.7m
+121.10%
|
($2.4m)
-244.59%
|
$20.5m
+957.07%
|
$773k
-96.23%
|
$240k
-68.95%
|
$218k
-9.17%
|
$218k
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $13.5m | ($10.1m) | ($2.5m) | ($9.6m) | ($23.4m) | $3.1m | $6.5m | $11.1m | $38.9m | |
| Cash and cash equivalents at the beginning of the year | $46.9m | $320.0m | $413.1m | $343.0m | $326.6m | $265.3m | $18.2m | $21.3m | $1.5m | $38.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $60.1m | $49.3m | $50.1m | $41.6m | $18.2m | $21.3m | — | $38.9m | $38.9m | |
| Effect of exchange rate changes on cash and cash equivalents | $26.9m | ($21.0m) | ($186k) | ($679k) | ($12.1m) | ($4.0m) | ($714k) | $104k | ($80k) | $31k | $31k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $283k | $447k | $14k | — | — | — | — | — | — | |
| Income Taxes Paid, Net | $433k | — | $1.5m | $260k | $1.3m | $1.1m | $56k | $14k | $206k | $95k | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | ($29.7m) | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | ($256k) | $254k | ($300k) | ($208k) | — | — | — | — | — | |
| General and Administrative Expense | $23.9m | $34.5m | $32.4m | $28.2m | $32.8m | $50.8m | $8.1m | $7.7m | $10.6m | $17.3m | — | |
| Goodwill | $608k | $649k | $614k | $607k | $647k | — | — | — | — | — | $150k | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | ($7.3m) | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($12.8m) | ($15.0m) | ($7.3m) | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $29.7m | — | — | — | — | |
| Income Tax Expense (Benefit) | $233k | $667k | $565k | $728k | ($629k) | ($7.2m) | $60k | $118k | $276k | $1.2m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $229k | $358k | — | |
| Operating Expenses | $112.8m | $169.8m | $165.7m | $164.6m | $216.5m | $250.7m | $24.2m | $34.5m | $47.6m | $85.1m | — | |
| Operating Lease, Expense | — | — | $35.1m | $42.5m | $46.9m | $52.1m | $699k | $898k | $1.3m | $2.0m | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | $240k | — | — | |
| Proceeds from Stock Options Exercised | $5k | $40k | $234k | $623k | $1.6m | $803k | — | — | — | $218k | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $173k | — | $551k | — | |
| Restructuring Costs | — | — | — | — | — | $85.9m | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $166.6m | $212.4m | $314.8m | $342.3m | $15.0m | $27.1m | $50.7m | — | — | |
| Credit loss | — | — | — | — | — | — | $81k | $173k | — | $551k | — | |
| Right-of-use assets | — | — | — | — | — | — | — | $46k | ($2.2m) | $1.1m | — | |
| Other non-current assets | ($1.7m) | $800k | $1.3m | ($538k) | ($8.5m) | $7.8m | $5k | ($32k) | ($67k) | $119k | — | |
| Advances from students | $414.9m | $514.4m | $474.3m | $501.8m | $534.5m | ($971.4m) | $12.3m | $12.0m | $17.9m | $30.0m | — | |
| Lease liabilities | — | — | — | $55.1m | $41.4m | ($57.8m) | ($898k) | ($103k) | $2.1m | ($1.2m) | — | |
| Taxes payable | ($1.4m) | $6.1m | ($8.1m) | $4.7m | ($2.4m) | $8.8m | $91k | $873k | $40k | $125k | — | |
| Amount due to related parties | — | — | — | — | — | — | $389k | $3.7m | ($1.2m) | $480k | — | |
| Placement of time deposits | ($893.9m) | ($226.7m) | ($224.6m) | ($443.5m) | ($789.3m) | ($326.3m) | ($4.9m) | ($2.1m) | ($2.2m) | ($3.2m) | — | |
| Withdrawal of time deposits | $688.8m | $381.8m | $276.3m | $351.3m | $145.0m | $1.1b | $17.6m | $4.8m | $3.0m | $4.5m | — | |
| Proceeds from exercise of stock options | $35k | $260k | $1.6m | $4.3m | $10.3m | $5.1m | — | — | — | $218k | — | |
| Net increase in cash and cash equivalents | $228.0m | $45.2m | $93.1m | ($70.2m) | ($16.3m) | ($61.4m) | ($23.4m) | $3.1m | $6.5m | $11.1m | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | — | — | — | — | $151k | $863k | $441k | $3.2m | $2.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.