← Four Seasons Education (Cayman) Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income (loss) for the year $17.3m $41.8m ($1.5m) ($109.6m) ($27.9m) ($118.7m) ($33.5m) $2.8m ($627k) $29.1m
Net Income (Loss) Attributable to Parent — $7.0m ($90k) ($15.7m) ($4.4m) ($18.0m) ($4.3m) $690k $111k $4.5m
Net Income (Loss) Available to Common Stockholders, Basic — $5.8m ($90k) ($15.7m) ($4.4m) ($18.0m) ($4.3m) $690k $111k $4.5m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $6.6m ($220k) ($15.7m) ($4.3m) ($18.8m) ($4.8m) $386k ($85k) $4.2m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — $722k —
Net Income (Loss) Attributable to Noncontrolling Interest — ($400k) ($130k) ($11k) $48k ($835k) ($551k) ($304k) ($196k) ($247k)
Amortization of Intangible Assets $0 $0 $513k $619k $301k $272k $114k $86k $58k $86k
Depreciation — $1.0m $2.2m $2.2m $2.1m $1.3m $404k $519k $497k $910k
Depreciation of property and equipment $1.8m $6.5m $14.5m $15.4m $13.8m $8.5m $2.8m $3.7m $3.6m $6.2m
Amortization of operating lease right-of-use assets — — — — — — $3.0m — $8.0m $11.0m
Deferred income taxes ($530k) ($3.0m) ($6.3m) ($12.7m) ($3.3m) $14.4m $118k $26k — —
Share-based Payment Arrangement, Noncash Expense — $3.7m $4.8m $4.4m $4.2m $1.4m $457k $434k $690k $241k
Share-based Payment Arrangement, Expense — $3.7m $4.8m $4.4m $4.2m $1.4m $457k $434k $690k $241k
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — $69k $0 $0
Goodwill and Intangible Asset Impairment — — $0 $20.8m — $7.1m — — — —
Goodwill, Impairment Loss — — $83k $16.4m $0 $6.7m $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — $4.4m $0 $357k $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived — — — — $0 $357k $0 $0 $0 $0
Operating Lease, Impairment Loss — — — $114k — — $0 $0 $0 $0
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — $127k — — — — $400k — —
Share-based compensation $3.4m $23.5m $32.2m $30.9m $27.5m $9.0m $3.2m $3.1m $5.0m $1.7m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — ($8k) ($239k) ($36k) ($64k) ($151k) ($45k) $59k ($9k) $1k
Income (Loss) from Equity Method Investments — — ($12k) ($32k) ($595k) ($5.8m) — — — —
Income Tax Expense (Benefit) — $4.2m $1.5m $599k $735k $3.5m $143k $153k $99k $93k
Operating Lease, Expense — — — $7.8m $8.4m $6.3m $427k $551k — —
Other Nonoperating Income (Expense) — ($206k) ($495k) $1.6m $294k ($555k) ($76k) ($199k) ($102k) $55k
Changes in operating lease liabilities — — — ($47.5m) ($57.9m) ($59.8m) ($2.1m) ($3.2m) ($7.1m) ($10.4m)
Operating lease right-of-use assets obtained in exchange for operating lease liabilities — — — $16.4m $51.4m $30.3m $2.5m $1.8m $20.9m $12.9m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $863k — — — — ($166k) $40k ($165k) $164k
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — $642k — — — —
Gain (Loss) on Termination of Lease — — — — — ($1.1m) — — — —
General and Administrative Expense — $14.7m $19.3m $19.9m $18.1m $13.5m $6.5m $6.2m $6.7m $7.1m
Goodwill — $88k $22.4m $5.0m $5.7m — — $156k $154k $164k
Proceeds from Contributed Capital — — — — — — — — $2k —
Proceeds from Contributions from Affiliates — — — — — — — — $2k —
Proceeds from Stock Options Exercised — — $10k $108k $1k — — — $663k $11k
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — — $326k
Realized Investment Gains (Losses) — — — — — — — $446k ($420k) $574k
Unrealized Gain (Loss) on Investments — — — — — — — $543k $278k $356k
Provision for credit losses — — — — — $6.9m $1.4m — $0 $2.2m
Fair value changes of investments — — — — — $1.1m $1.9m ($3.9m) ($2.0m) ($2.4m)
Gains from deregistration of subsidiaries — — — — — — $458k ($2.2m) ($394k) ($8.8m)
Accounts receivable $152k ($5.5m) — — $1.0m ($1.7m) $1.1m ($289k) $1.2m ($1.1m)
Amounts due from related parties $2.6m $32.9m $12.7m ($594k) ($515k) ($332k) ($8.2m) $2.9m $4.5m $645k
Other receivables, deposits and other assets ($2.7m) $1.6m ($14.1m) ($3.5m) $8.1m ($11.9m) $3.9m ($7.1m) ($10.5m) $7.3m
Other non-current assets — — ($800k) ($107k) ($91k) ($1.7m) $3.0m ($254k) ($1.4m) ($1.1m)
Amounts due to related parties $420k ($420k) — $446k $587k $396k $584k $1.1m $2.1m $182k
Accounts payables — — — — — — — — $3.7m ($732k)
Accrued expenses and other current liabilities $20.0m ($8.3m) $27.8m $22.4m $11.9m ($3.1m) ($7.6m) $142k $2.9m ($7.0m)
Income tax payable $4.5m $7.5m ($5.6m) $3.7m ($2.2m) $4.6m $2.4m $1.0m $670k $517k
Deferred revenue $46.7m $5.3m ($21.4m) ($15.9m) $3.7m ($66.1m) $777k $10.4m $9.9m $2.2m
Purchases of intangible assets — — ($322k) — — ($120k) — — — ($659k)
Payments of long-term investments — — ($300k) — ($44.5m) ($14.0m) ($13.5m) ($9.0m) — ($9.0m)
Loans to related parties ($8.0m) ($4.5m) — — — ($588k) ($122k) ($4.8m) $0 ($800k)
Collection of loans to related party — — — — — — — $5.3m $481k $0
Capital contribution from non-controlling shareholders $1.3m $3.2m $3.7m $3.1m $90k $3.6m — — $490k $1.3m
Return capital to non-controlling shareholder — — — ($3.3m) — — — — — ($171k)
Proceeds from related parties loans — $390k $214k $986k $100k — — $1.6m — —
Repayment to related parties loans — — — — — ($508k) ($600k) ($160k) ($203k) —
Net proceeds from option exercised — — $66k $758k $8k — — — $4.8m $78k
Repurchase of ordinary shares — — — ($27.9m) — ($27.8m) ($238k) ($159k) $0 —
Proceeds from long-term borrowings — — — — — — — $40.0m $42.1m $7.9m
Cash paid for amounts included in measurement of lease liabilities — — — $60.2m $59.5m $39.0m $4.5m $3.0m $7.4m $11.1m
Purchases of long-lived assets in accrued expenses and other current liabilities — $145k $984k $221k $302k $326k $120k — $4.4m $181k
Net Cash Provided by (Used in) Operating Activities $119.5m $15.2m $7.9m $11.8m $4.8m ($14.5m) ($3.7m) $2.3m $2.7m $4.4m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($6.7m) $3.7m $2.7m $1.3m $1.6m $1.6m $1.2m $7.9m $7.9m $912k
Payments to Acquire Businesses, Net of Cash Acquired — — $20.0m $1.4m ($132k) $67k — ($10k) — —
Acquisition of businesses, net of cash acquired $3.8m — ($133.9m) ($10.1m) $854k ($422k) — $71k — —
Purchases of short-term investments — — — ($10.0m) ($31.0m) ($89.5m) ($29.3m) ($18.9m) ($27.7m) —
Purchases of short-term investments under fair value — — — — — — ($175.8m) ($103.1m) ($34.3m) ($553.5m)
Purchases of long-term investments under fair value — ($158.2m) ($34.8m) ($104.6m) ($175.8m) — ($145.9m) ($93.3m) ($85.6m) ($140.2m)
Proceeds from maturity of investments — — — $35.2m $192.9m $128.1m $276.6m $351.8m $207.0m $602.4m
Net Cash Provided by (Used in) Investing Activities ($10.2m) ($26.9m) ($28.0m) ($14.1m) ($10.5m) $682k ($13.9m) $9.9m $346k ($15.8m)
Cash flows from financing activities:
Proceeds from Noncontrolling Interests — $499k $550k $440k $14k $575k — — $67k $188k
Dividends paid — $19 $1 — — — — — $5 —
Dividends Payable, Current — $1 — — — — — — — —
Dividends payment — ($122) ($4) — — — — — ($35) —
Net Cash Provided by (Used in) Financing Activities $74.9m $72.9m ($85k) ($3.8m) $30k ($4.1m) ($121k) $5.7m $1.7m $1.3m
Effect of foreign exchange rate changes $4.4m ($34.8m) $22.5m $14.1m ($16.5m) ($3.9m) $27.4m ($4.1m) $2.2m ($3.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($16.8m) ($4.1m) ($8.2m) ($18.5m) ($13.8m) $17.4m $5.1m ($10.6m)
Net (decrease) increase in cash, and cash equivalents and restricted cash $188.6m $352.4m ($112.1m) ($28.9m) ($53.1m) ($116.5m) ($95.6m) $125.2m $37.0m ($72.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $70.4m $63.3m $60.1m $43.2m $25.5m $42.0m $46.6m $38.9m
Cash and cash equivalents, and restricted cash at beginning of the year $231.0m $583.3m $471.2m $442.4m $389.2m $272.7m $177.1m $302.2m $339.3m $266.5m
Cash and cash equivalents $231.0m $583.3m $439.6m $404.7m $378.4m $262.4m $175.7m $180.2m $210.8m $136.2m
Restricted cash, non-current — — — — — — $1.4m — $128.0m $130.4m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $15.8m $22.0m $22.0m $13.1m $10.2m $3.3m $156k $57k $53k $33k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.