Bright Scholar Education Holdings Limited (BEDU)

BEDU Balance Sheet

Financials in millions CNY. Fiscal year is September - August.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	May 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Cash & Equivalents	515.2	537.33	664.77	844.68	972.8	3,247
Short-Term Investments	-	17.14	11.95	11.66	29.12	253.18
Cash & Short-Term Investments	515.2	554.47	676.72	856.34	1,002	3,500
Cash Growth	-9.01%	-18.07%	-20.98%	-14.53%	-71.38%	10.78%
Accounts Receivable	27.55	19.21	18.08	41.72	14.79	23.59
Other Receivables	258.2	29.79	18.59	2,054	1,921	71.69
Receivables	285.75	239.41	222.04	2,097	1,936	95.28
Inventory	3.87	5.48	6.87	7.58	5.99	26.23
Prepaid Expenses	-	9.48	10.04	7.73	6.44	8.93
Restricted Cash	21.79	28.26	191.37	669.03	1,038	18.02
Other Current Assets	-	90.31	94.7	50.44	3,129	93.21
Total Current Assets	826.61	927.4	1,202	3,688	7,117	3,742
Property, Plant & Equipment	1,820	1,964	1,847	2,213	2,374	899.51
Long-Term Investments	35.72	36.07	40.49	75.44	55.14	28.46
Goodwill	1,182	1,329	1,434	1,950	2,053	2,090
Other Intangible Assets	325.13	343.08	322.9	485.82	504.52	640.22
Long-Term Deferred Tax Assets	1.5	1.81	85.1	64.1	32.91	30.33
Other Long-Term Assets	14.68	18.61	21.89	75.64	1,103	357.2
Total Assets	4,205	4,620	4,953	8,552	13,489	7,788
Accounts Payable	105.93	112.42	103.07	77.74	71.78	99.84
Accrued Expenses	225.06	196.68	171.5	115.83	145.65	334.65
Short-Term Debt	-	-	149.24	753.75	930.8	66.33
Current Portion of Long-Term Debt	-	-	-	1,836	-	-
Current Portion of Leases	121.24	125.45	104.52	123	196.13	-
Current Income Taxes Payable	93.44	99.37	85.86	178.21	93.31	93.48
Current Unearned Revenue	416.08	541.68	516.73	427.13	388.15	1,542
Other Current Liabilities	230.77	404.81	451.7	518.79	4,285	375.78
Total Current Liabilities	1,193	1,480	1,583	4,031	6,111	2,512
Long-Term Debt	-	-	0.63	0.62	2,018	2,106
Long-Term Leases	1,447	1,523	1,439	1,673	1,663	-
Long-Term Unearned Revenue	2.6	2.12	2.2	1.42	1.77	-
Long-Term Deferred Tax Liabilities	34.65	42.09	21.71	26.74	31.19	53.69
Other Long-Term Liabilities	-	-	11.2	13.15	540.2	32.39
Total Liabilities	2,676	3,048	3,058	5,745	10,365	4,704
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,707	1,697	1,693	1,727	1,854	2,105
Retained Earnings	-465.84	-453	-57.87	651.48	698.29	537.28
Comprehensive Income & Other	178.8	172.23	34.4	168.32	185.37	78.96
Total Common Equity	1,420	1,417	1,670	2,547	2,738	2,721
Minority Interest	109.4	155.05	225.64	260.05	386.45	361.83
Shareholders' Equity	1,529	1,572	1,896	2,807	3,124	3,083
Total Liabilities & Equity	4,205	4,620	4,953	8,552	13,489	7,788
Total Debt	1,568	1,649	1,694	4,386	4,808	2,172
Net Cash (Debt)	-1,053	-1,094	-1,017	-3,530	-3,806	1,328
Net Cash Growth	-	-	-	-	-	-57.26%
Net Cash Per Share	-35.48	-36.88	-34.27	-118.43	-126.69	43.42
Filing Date Shares Outstanding	29.67	29.73	29.73	29.8	29.85	30.14
Total Common Shares Outstanding	29.67	29.73	29.67	29.73	29.87	30.15
Working Capital	-365.9	-553	-380.88	-342.72	1,006	1,230
Book Value Per Share	47.85	47.66	56.29	85.66	91.65	90.27
Tangible Book Value	-87.54	-255.34	-86.91	110.82	180.69	-8.86
Tangible Book Value Per Share	-2.95	-8.59	-2.93	3.73	6.05	-0.29
Land	-	-	-	-	-	60.14
Buildings	-	315.02	254.43	298.26	306.06	750.46
Machinery	-	262.42	245.91	236.33	219.57	279.02
Construction In Progress	-	9.61	22.45	34.52	24.62	29.76
Leasehold Improvements	-	376.07	336.45	362.34	324.66	342.86

Source: S&P Capital IQ. Standard template. Financial Sources.