TAL Education Group (FRA:IZZ)

TAL Education Group Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	907.48	530.75	84.59	-3.57	-135.61	-1,136
Depreciation & Amortization	76.72	76.72	52.3	29.87	40.7	189.86
Loss (Gain) From Sale of Assets	-1.2	-1.2	-0.4	-1.62	-9	23.14
Asset Writedown & Restructuring Costs	20	20	5.37	1.29	0.76	897.93
Loss (Gain) From Sale of Investments	-369.61	-369.61	-30.58	7.46	68.74	258.82
Loss (Gain) on Equity Investments	0.86	0.86	9.53	6.24	2.25	-10.79
Stock-Based Compensation	43.09	43.09	64.94	88.9	108.57	174.83
Other Operating Activities	-209.14	37.13	1.21	-5.4	3.63	-24.86
Change in Inventory	-89.15	-89.15	-54.07	-34.85	-20.43	5.12
Change in Accounts Payable	23.46	23.46	18.18	24.44	-2.93	-252.93
Change in Unearned Revenue	210.97	210.97	242.95	190.93	54.14	-1,230
Change in Income Taxes	-	-	-	5.07	14.43	-3.86
Change in Other Net Operating Assets	52.64	52.64	2.56	-3.94	-118.29	-134.79
Operating Cash Flow	731.92	601.47	397.92	306.17	7.36	-939.18
Operating Cash Flow Growth	46.70%	51.15%	29.97%	4061.08%	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Capital Expenditures	-93.19	-93.19	-111.73	-112.74	-110.33	-246.3
Sale of Property, Plant & Equipment	1.61	1.61	1	2.71	19.99	26.29
Cash Acquisitions	-95.52	-95.52	0.08	-	-0.25	-
Sale (Purchase) of Intangibles	-0.39	-0.39	-0.74	-8.56	-	-0.12
Investment in Securities	11.67	11.67	-735.88	203.51	-211.81	1,585
Other Investing Activities	343.27	0.07	0.24	0.42	1.52	4.31
Investing Cash Flow	167.45	-175.75	-847.03	95.07	-301.63	1,369

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Short-Term Debt Issued	-	-	54.96	-	-	-
Total Debt Issued	-	-	54.96	-	-	-
Short-Term Debt Repaid	-	-	-55.39	-	-	-270
Long-Term Debt Repaid	-	-	-	-	-	-2,300
Total Debt Repaid	-	-	-55.39	-	-	-2,570
Net Debt Issued (Repaid)	-	-	-0.43	-	-	-2,570
Issuance of Common Stock	0.57	0.57	0.41	0.46	0.18	1.37
Repurchase of Common Stock	-644.09	-644.09	-13.15	-233.56	-66.37	-196.28
Other Financing Activities	113.44	-	-	-	-	-1.78
Financing Cash Flow	-530.07	-643.51	-13.17	-233.1	-66.18	-2,767

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Foreign Exchange Rate Adjustments	19.97	12.1	-3.47	-5.58	-26.43	0.95
Net Cash Flow	389.27	-205.69	-465.75	162.57	-386.88	-2,336

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Free Cash Flow	638.73	508.28	286.2	193.44	-102.97	-1,185
Free Cash Flow Growth	64.97%	77.60%	47.95%	-	-	-
Free Cash Flow Margin	20.01%	16.89%	12.72%	12.98%	-10.10%	-27.00%
Free Cash Flow Per Share	1.13	0.88	0.47	0.32	-0.16	-1.84
Levered Free Cash Flow	423.23	408.41	223.36	133.18	511.23	-541.09
Unlevered Free Cash Flow	423.23	408.41	223.36	133.18	511.23	-536.17

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash Interest Paid	-	-	-	-	-	9.43
Cash Income Tax Paid	72.38	72.38	18.88	2.48	5.57	117.62
Change in Working Capital	263.73	263.73	210.97	183	-72.68	-1,312

Data Source: S&P Global Market Intelligence Last updated: May 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

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