← New Oriental Education & Technology Group Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $224.9m | $274.5m | $296.1m | $238.1m | $413.3m | $334.4m | ($1.2b) | $177.3m | $309.6m | $371.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $224.9m | $274.5m | $296.1m | $238.1m | $413.3m | $334.4m | ($1.2b) | $235.4m | $325.2m | $375.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $225.3m | $276.8m | $297.2m | $227.8m | $354.9m | $230.0m | ($1.2b) | $235.4m | $325.2m | $375.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $444k | $2.3m | $1.1m | ($10.2m) | ($58.5m) | ($104.4m) | ($32.6m) | $58.0m | $15.6m | $4.1m | |
| Depreciation, Depletion and Amortization | $47.3m | $53.9m | $77.1m | $110.0m | $146.3m | $225.7m | $192.3m | $117.0m | $100.6m | $139.8m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $548k | $465k | $221k | — | — | |
| Amortization of Intangible Assets | $1.1m | $1.4m | $1.8m | $3.7m | $4.5m | $4.5m | $1.9m | $5.6m | $6.1m | $5.7m | |
| Deferred Income Tax Expense (Benefit) | ($1.9m) | ($518k) | ($13.4m) | ($17.3m) | ($8.6m) | ($43.7m) | $91.9m | ($31.5m) | ($21.2m) | ($29.3m) | |
| Share-based Payment Arrangement, Noncash Expense | $16.8m | $20.3m | $57.4m | $71.3m | $62.1m | $68.9m | $133.0m | $89.8m | $122.5m | $59.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $7.2m | $12.1m | $9.9m | $16.2m | $8.0m | $2.2m | $16.7m | $29.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | $0 | $0 | — | — | — | — | — | $1.4m | $59k | |
| Goodwill and Intangible Asset Impairment | $0 | — | — | — | — | $31.8m | — | — | — | $60.3m | |
| Goodwill, Impairment Loss | $0 | $1.7m | $0 | $5.2m | $0 | $28.9m | $0 | $0 | — | $60.3m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | — | — | — | $2.9m | $0 | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | $2.9m | $0 | $0 | — | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($2.1m) | ($1.7m) | ($2.0m) | ($10.7m) | ($4.9m) | ($5.4m) | $0 | ($2.2m) | $423k | ($2.4m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $12.6m | $2.3m | — | — | |
| Income (Loss) from Equity Method Investments | ($4.4m) | ($3.3m) | ($379k) | ($2.3m) | $1.4m | ($1.4m) | ($51.5m) | ($7.1m) | ($58.9m) | ($14.3m) | |
| Income Tax Expense (Benefit) | $37.5m | $50.6m | $59.4m | $85.7m | $134.4m | $83.6m | $136.3m | $66.1m | $109.7m | $146.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $187k | $75k | ($767k) | $509k | $1.4m | $4.6m | $8.1m | $3.9m | ($3.3m) | $17.0m | |
| Increase (Decrease) in Inventories | $5.6m | $5.4m | $5.9m | ($6.0m) | $3.3m | ($3.8m) | ($1.8m) | $21.9m | $41.2m | ($12.4m) | |
| Increase (Decrease) in Accounts Payable | $4.8m | $3.6m | $13.7m | ($2.7m) | $82k | $12.8m | ($15.1m) | $44.0m | $37.8m | ($23.0m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $185k | $422k | |
| General and Administrative Expense | $471.0m | $554.9m | $794.5m | $1.0b | $1.1b | $1.5b | $1.9b | $953.6m | $1.3b | $1.4b | |
| Goodwill | $10.5m | $14.1m | $31.7m | $79.6m | $80.4m | $73.3m | $70.8m | $105.5m | $104.0m | $43.8m | |
| Investment Income, Interest | $66.9m | $61.4m | $84.8m | $97.5m | $116.1m | $141.5m | $123.5m | $114.5m | $153.6m | $119.6m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $93.9m | |
| Proceeds from Stock Options Exercised | $2.2m | $542k | $1k | — | $3.6m | $1.9m | $175k | $12.9m | $3.9m | $12.9m | |
| Realized Investment Gains (Losses) | — | $7.1m | $7.4m | $26.4m | $407k | $3.5m | $22.0m | $767k | $185k | $422k | |
| Unrealized Gain (Loss) on Investments | — | — | — | ($104.6m) | ($18.5m) | ($3.8m) | ($14.9m) | ($860k) | $19.0m | ($10.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $517.9m | $618.1m | $781.1m | $805.6m | $804.5m | $1.1b | ($1.3b) | $971.0m | $1.1b | $896.6m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $64.4m | $105.7m | $214.3m | $269.1m | $309.5m | $429.2m | $150.7m | $143.0m | $249.4m | $241.9m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $999k | $36.4m | ($1.1m) | $12.7m | — | ($886k) | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($309.7m) | ($672.3m) | ($406.7m) | ($574.7m) | ($1.3b) | ($2.2b) | $1.2b | ($37.4m) | ($1.2b) | ($93.4m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | $96.5m | $20.0m | $297.1m | — | — | — | — | |
| Repayments of Long-term Debt | — | — | — | — | — | $120.0m | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $191.6m | $62.9m | $445.5m | |
| Proceeds from Noncontrolling Interests | $69.7m | $8.8m | $93.2m | $20.5m | $64k | — | — | — | — | — | |
| Dividends paid | $62.7m | — | $71.2m | — | — | — | — | — | — | $98.2m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($1.1m) | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $5.5m | $9.3m | ($74.9m) | $266.6m | ($17.9m) | $1.7b | ($230.9m) | ($246.9m) | ($160.4m) | ($585.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($68.5m) | $342.1m | $431.5m | ($498.8m) | $712.7m | ($437.6m) | $610.9m | ($216.3m) | $228.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($68.5m) | $983.3m | $1.4b | $919.4m | $1.6b | $1.2b | $1.8b | $1.6b | $1.8b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $833k | $4.7m | $4.2m | $5.0m | $798k | $355k | $311k | |
| Income Taxes Paid, Net | $32.0m | $36.7m | $57.0m | $75.3m | $135.7m | $144.4m | $53.0m | $55.2m | $109.2m | $147.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.