← TAL Education Group
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $116.9m |
$198.4m
+69.78%
|
$367.2m
+85.06%
|
($110.2m)
-130.01%
|
($116.0m)
-5.26%
|
($1.1b)
-879.49%
|
($135.6m)
+88.06%
|
($3.6m)
+97.37%
|
$84.6m
+2467.51%
|
$530.8m
+527.43%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $112.5m | $194.7m | $364.5m | ($127.7m) | ($143.1m) | ($1.2b) | ($132.0m) | ($4.1m) | $84.3m | $530.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($4.4m) | ($3.8m) | ($2.7m) | ($17.5m) | ($27.1m) | ($28.2m) | $3.6m | ($565k) | ($331k) | ($613k) | — | |
| Amortization of Intangible Assets | $4.6m | $8.3m | $12.2m | $15.7m | $24.0m | $13.9m | $1.2m | $1.4m | $2.3m | $3.8m | — | |
| Depreciation | $28.9m | $50.9m | $76.7m | $99.5m | $137.0m | $171.4m | $35.3m | $23.7m | $45.8m | $68.6m | $68.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | $5.4m | $6.1m | $6.5m | $8.1m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $5.4m | $6.1m | $6.5m | $8.1m | $8.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $40.7m | $29.9m | $52.3m | $76.7m | $76.7m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($18.2m) | — | — | — | — | — | — | $64.9m | — | |
| Share-based Payment Arrangement, Noncash Expense | $36.1m | $47.1m | $77.3m | $117.9m | $204.9m | $174.8m | $108.6m | $88.9m | $64.9m | $43.1m | $43.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $14.0m | $0 | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $36.1m | $47.1m | $77.3m | — | — | — | — | — | — | — | $43.1m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | $17.2m | $11.5m | $24.5m | $0 | $0 | $0 | $5.2m | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $4.7m | — | |
| Goodwill and Intangible Asset Impairment | — | $358k | $0 | $29.0m | $107.5m | $505.1m | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $1.5m | $1.5m | $29.0m | $107.4m | $453.6m | — | — | — | $164k | $62.8m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $358k | $358k | $358k | $136k | $51.5m | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $8.4m | $48.3m | $18.3m | $62.8m | $62.8m | |
| Income (Loss) from Equity Method Investments | ($8.0m) | ($7.7m) | ($16.2m) | ($7.7m) | $11.7m | $10.8m | ($2.2m) | ($6.2m) | ($9.5m) | ($855k) | — | |
| Other Nonoperating Income (Expense) | $23.1m | $17.4m | $131.7m | ($95.3m) | $140.9m | $16.9m | ($82.4m) | $48.8m | $64.7m | $390.2m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $2.2m | $6.2m | $9.5m | $855k | $855k | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($72.7m) | $183.0m | $211.0m | $263.7m | $263.7m | |
| Change In Receivables | — | — | — | — | — | — | $14.6m | $5.1m | $264k | ($40k) | ($40k) | |
| Increase (Decrease) in Inventories | $2.2m | $2.5m | $2.4m | $18.3m | $17.0m | ($5.1m) | $20.4m | $34.8m | $54.1m | $89.2m | ($89.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($20.4m) | ($34.8m) | ($54.1m) | ($89.2m) | ($89.2m) | |
| Increase (Decrease) in Accounts Payable | $5.4m | $31.0m | $49.3m | $693k | $229.0m | ($252.9m) | ($2.9m) | $24.4m | $18.2m | $23.5m | $23.5m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($112.9m) | $70.4m | $108.4m | $113.5m | $23.5m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($109.8m) | $45.9m | $90.3m | $90.1m | $90.1m | |
| Gain (Loss) on Disposition of Other Assets | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $73.4m | ($91.5m) | ($110.9m) | ($59.8m) | ($59.8m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($82.6m) | $81.5m | $94.1m | $54.1m | $54.1m | |
| Net Cash Provided by (Used in) Operating Activities | $359.6m |
$685.3m
+90.59%
|
$194.4m
-71.64%
|
$855.9m
+340.34%
|
$954.7m
+11.55%
|
($939.2m)
-198.37%
|
$7.4m
+100.78%
|
$306.2m
+4061.08%
|
$397.9m
+29.97%
|
$601.5m
+51.15%
|
$601.5m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $71.1m | $126.3m | $138.4m | $178.1m | $245.1m | $246.3m | $110.3m | $112.7m | $111.7m | $93.2m | ($93.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($30k) | ($48k) | ($187k) | ($934k) | ($1.4m) | ($23.1m) | ($546k) | $1.6m | $395k | $1.2m | ($357k) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $1.0m | ($16.9m) | $15.4m | $707k | — | — | — | |
| Gain (Loss) on Investments | — | — | — | $0 | ($450k) | — | — | $28.1m | $50.0m | $161.5m | ($10k) | |
| Gain (Loss) on Sale of Investments | $0 | $9.0m | $3.4m | $25.0m | $619k | $10.0m | $7.4m | $17.8m | $1.1m | $10k | — | |
| Unrealized Gain (Loss) on Investments | ($1.2m) | $937k | $16.4m | ($104.2m) | $9.5m | $7.0m | ($68.5m) | $21.7m | $42.5m | $412.4m | ($412.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $27.2m | $14.0m | $66.9m | $7.0m | $11.9m | — | $250k | — | ($80k) | $95.5m | ($95.5m) | |
| Net Other Investing Changes | — | — | — | — | — | — | $775k | $10.1m | $239k | $66k | $66k | |
| Net Cash Provided by (Used in) Investing Activities | — | ($840.4m) | ($166.6m) | ($338.8m) | ($2.6b) | $1.4b | ($301.6m) | $95.1m | ($847.0m) | ($175.7m) | ($175.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $25.0m | $0 | $205.0m | — | — | — | — | — | — | — | $0 | |
| Proceeds from Issuance of Long-term Debt | $238.0m | $0 | — | — | — | — | — | — | — | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $55.0m | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Long Term Debt Payments | — | — | — | — | — | ($2.6b) | $0 | $0 | — | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | ($427k) | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($2.6b) | $0 | $0 | — | — | $0 | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | ($427k) | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($55.4m) | $0 | $0 | |
| Short Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($55.4m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | $9.9m | $196.3m | $66.4m | $233.6m | $13.1m | $644.1m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $41.2m | $0 | — | — | — | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($66.4m) | ($233.6m) | ($13.1m) | ($644.1m) | ($644.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($66.4m) | ($233.6m) | ($13.1m) | ($644.1m) | ($644.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($66.4m) | ($233.6m) | ($13.1m) | ($644.1m) | ($644.1m) | |
| Dividend Received CFO | — | — | — | — | — | — | $0 | $1.3m | $267k | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | — | $428.2m |
$475.0m
+10.95%
|
$131.2m
-72.37%
|
$4.8b
+3553.72%
|
($2.8b)
-157.70%
|
($66.2m)
+97.61%
|
($233.1m)
-252.19%
|
($13.2m)
+94.35%
|
($643.5m)
-4787.31%
|
($643.5m)
0.00%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $651.5m | $3.1b | ($2.3b) | ($386.9m) | $162.6m | ($465.7m) | ($205.7m) | $1.9b | |
| Beginning Cash Position | — | — | — | — | — | — | $2.7b | $2.3b | $2.5b | $2.0b | $1.6b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.3b | $1.9b | $5.0b | $2.7b | $2.3b | $2.5b | $2.0b | $1.8b | $1.9b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($26.4m) | ($5.6m) | ($3.5m) | $12.1m | $20.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $13.8m | $12.6m | $6.7m | $8.4m | $9.4m | $0 | $0 | — | — | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $5.6m | $2.5m | $18.9m | $72.4m | — | |
| Additional Financial Items | ||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | $25.2m | $0 | — | — | — | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | — | $204.2m | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | $7.6m | $6.3m | $8.8m | $8.4m | ($4.9m) | ($4.7m) | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $1.3m | $3.3m | $3.1m | ($968k) | ($12.3m) | ($3.6m) | ($36.9m) | ($13.4m) | $3.0m | $9.6m | — | |
| Gain (Loss) on Disposition of Assets | — | — | $760k | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $263.3m | $386.3m | $579.7m | $795.0m | $1.1b | $1.2b | $413.8m | $429.9m | $458.9m | $500.4m | — | |
| Goodwill | $267.2m | $291.4m | $414.2m | $378.9m | $454.4m | — | — | — | — | $45.5m | $62.8m | |
| Income Tax Expense (Benefit) | $34.1m | $44.7m | $76.5m | $69.3m | ($69.9m) | $397.0m | $20.0m | $15.4m | $38.3m | $154.4m | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $207k | $753k | $636k | — | |
| Operating Expenses | $389.3m | $628.7m | $1.1b | $1.7b | $2.9b | $2.8b | $696.8m | $891.8m | $1.2b | $1.4b | — | |
| Proceeds from Noncontrolling Interests | — | $20k | $15k | $10k | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $1.7m | $2.1m | $710k | $2.5m | $8.2m | $1.4m | $184k | $462k | $407k | $573k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($66.2m) | ($233.1m) | ($13.2m) | ($643.5m) | ($643.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($301.6m) | $95.1m | ($847.0m) | ($175.7m) | ($175.7m) | |
| Change In Account Payable | — | — | — | — | — | — | ($2.9m) | $24.4m | $18.2m | $23.5m | $23.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($386.9m) | $162.6m | ($465.7m) | ($205.7m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $54.5m | $192.3m | $244.3m | $276.8m | $276.8m | |
| Change In Payable | — | — | — | — | — | — | ($3.0m) | $24.4m | $18.2m | $23.5m | $23.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $692k | ($39.9m) | ($71.2m) | ($31.7m) | ($31.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($360.5m) | $168.1m | ($462.3m) | ($217.8m) | $369.3m | |
| End Cash Position | — | — | — | — | — | — | $2.3b | $2.5b | $2.0b | $1.8b | $1.9b | |
| Financing Cash Flow | — | — | — | — | — | — | ($66.2m) |
($233.1m)
-252.19%
|
($13.2m)
+94.35%
|
($643.5m)
-4787.31%
|
($643.5m)
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($103.0m) | $184.9m | $285.5m | $507.9m | $638.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($7.4m) | ($17.8m) | ($1.1m) | ($10k) | ($10k) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $0 | ($9.6m) | $0 | $0 | — | $0 | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $546k | ($1.6m) | ($395k) | ($1.2m) | ($1.2m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($301.6m) | $95.1m | ($847.0m) | ($175.7m) | ($175.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($250k) | $0 | $80k | ($95.5m) | ($95.5m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($8.6m) | ($742k) | ($385k) | ($385k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($211.8m) | $203.5m | ($735.9m) | $11.7m | $11.7m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($90.3m) | ($110.0m) | ($110.7m) | ($91.6m) | ($91.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($14.2m) | ($13.1m) | $8.1m | ($357k) | ($357k) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $184k | $462k | $407k | $573k | $573k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | — | ($6.1m) | $1.3m | $37.7m | $37.7m | |
| Purchase Of Business | — | — | — | — | — | $0 | ($250k) | $0 | — | ($95.5m) | ($95.5m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($8.6m) | ($742k) | ($385k) | ($385k) | |
| Purchase Of Investment | — | — | — | — | — | — | ($1.9b) | ($864.7m) | ($2.2b) | ($2.4b) | ($2.4b) | |
| Purchase Of PPE | $71.1m | $126.3m | $138.4m | $178.1m | $245.1m | $246.3m | ($110.3m) | ($112.7m) | ($111.7m) | ($93.2m) | ($93.6m) | |
| Sale Of Investment | — | — | — | — | — | — | $1.7b | $1.1b | $1.4b | $2.4b | $2.4b | |
| Sale Of PPE | — | — | — | — | — | — | $20.0m | $2.7m | $1.0m | $1.6m | $1.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $108.6m | $88.9m | $64.9m | $43.1m | $43.1m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $68.5m | ($21.7m) | ($42.5m) | ($412.4m) | ($412.4m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.