New Oriental Education & Technology Group Inc. (EDU)

EDU Balance Sheet

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Cash & Equivalents	1,147	1,389	1,663	1,149	1,612	915.06
Short-Term Investments	3,660	3,309	2,261	2,972	4,649	2,603
Trading Asset Securities	-	76.67	73.01	70.6	-	-
Cash & Short-Term Investments	4,807	4,775	3,997	4,191	6,261	3,518
Cash Growth	16.76%	19.48%	-4.64%	-33.06%	77.96%	10.23%
Accounts Receivable	34.46	29.69	33.07	16.43	8.67	4.18
Other Receivables	4.64	164.16	103.7	109.04	109.83	52.88
Receivables	39.1	193.85	136.77	125.47	118.5	57.06
Inventory	95.35	92.81	52.69	27.93	31.18	31.32
Prepaid Expenses	369.19	28.92	18.34	19.94	27.22	48.09
Restricted Cash	180.67	177.41	110.89	-	-	-
Other Current Assets	-	120.79	98.59	109.67	136.3	101.82
Total Current Assets	5,491	5,389	4,414	4,474	6,574	3,756
Property, Plant & Equipment	1,405	1,162	799.3	933.79	2,723	2,098
Long-Term Investments	467.78	525.02	862.32	437.92	537.75	431.1
Goodwill	105.76	103.96	105.51	70.8	73.25	80.37
Other Intangible Assets	22.08	23.12	28.5	6.43	18.83	16.28
Long-Term Deferred Tax Assets	71.63	72.73	55.93	20.04	103.59	63.32
Other Long-Term Assets	145.22	256.09	127.01	91.73	120.92	111.47
Total Assets	7,709	7,532	6,392	6,035	10,151	6,557
Accounts Payable	101.99	105.68	69.76	22.29	38.44	33.15
Accrued Expenses	702.09	491.08	350.34	326.1	580.4	408.27
Current Portion of Leases	222.44	199.93	155.75	168.62	514.03	384.24
Current Income Taxes Payable	205.45	139.82	118.05	75.65	84.32	101.39
Current Unearned Revenue	1,733	1,780	1,338	933.06	1,926	1,324
Other Current Liabilities	0.45	284.27	219.44	184.4	327.86	227.94
Total Current Liabilities	2,966	3,001	2,251	1,710	3,471	2,479
Long-Term Debt	14.4	14.4	14.65	65.39	297.63	117.88
Long-Term Leases	473.63	447.99	288.19	446.39	1,351	1,078
Long-Term Deferred Tax Liabilities	16.61	19.41	23.85	19.24	13.17	11.91
Total Liabilities	3,470	3,483	2,578	2,241	5,133	3,687
Common Stock	3,969	1.7	1.7	1.7	1.69	1.59
Additional Paid-In Capital	-	1,870	1,940	2,062	1,949	456.09
Retained Earnings	-	2,000	1,691	1,513	2,701	2,366
Treasury Stock	-	-0.06	-0.06	-	-	-0
Comprehensive Income & Other	-	-95.78	-27.4	129.01	261.8	-90.87
Total Common Equity	3,969	3,776	3,604	3,706	4,913	2,733
Minority Interest	270.31	273.08	210.44	88.02	104.9	136.52
Shareholders' Equity	4,239	4,049	3,815	3,794	5,018	2,870
Total Liabilities & Equity	7,709	7,532	6,392	6,035	10,151	6,557
Total Debt	710.47	662.33	458.6	680.41	2,162	1,580
Net Cash (Debt)	4,097	4,113	3,538	3,511	4,099	1,938
Net Cash Growth	12.31%	16.25%	0.78%	-14.35%	111.48%	-37.38%
Net Cash Per Share	24.56	24.63	20.99	20.69	24.81	12.15
Filing Date Shares Outstanding	164.87	163.53	165.51	169.94	169.7	158.54
Total Common Shares Outstanding	164.87	164.75	164.32	169.7	169.01	158.54
Working Capital	2,526	2,388	2,163	2,764	3,103	1,277
Book Value Per Share	24.07	22.92	21.94	21.84	29.07	17.24
Tangible Book Value	3,841	3,649	3,470	3,628	4,821	2,637
Tangible Book Value Per Share	23.30	22.15	21.12	21.38	28.53	16.63
Buildings	-	270.97	156.02	166.24	205.29	178.78
Machinery	-	316.2	254.42	261.94	433.27	299.82
Construction In Progress	-	24.29	48.22	37.61	63.06	44.86
Leasehold Improvements	-	347.42	293.24	341.02	839.15	579.23

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