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	May 31, 2024	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021	May 31, 2020
Cash & Equivalents	1,389	1,389	1,663	1,149	1,612	915.06
Short-Term Investments	3,386	3,386	2,261	2,972	4,649	2,603
Trading Asset Securities	-	-	73.01	70.6	-	-
Cash & Short-Term Investments	4,775	4,775	3,997	4,191	6,261	3,518
Cash Growth	19.48%	19.48%	-4.64%	-33.06%	77.96%	10.23%
Accounts Receivable	29.69	29.69	33.07	16.43	8.67	4.18
Other Receivables	4.4	4.4	103.7	109.04	109.83	52.88
Receivables	34.09	34.09	136.77	125.47	118.5	57.06
Inventory	92.81	92.81	52.69	27.93	31.18	31.32
Prepaid Expenses	309.46	309.46	18.34	19.94	27.22	48.09
Restricted Cash	177.41	177.41	110.89	-	-	-
Other Current Assets	-	-	98.59	109.67	136.3	101.82
Total Current Assets	5,389	5,389	4,414	4,474	6,574	3,756
Property, Plant & Equipment	1,162	1,162	799.3	933.79	2,723	2,098
Long-Term Investments	525.02	525.02	862.32	437.92	537.75	431.1
Goodwill	103.96	103.96	105.51	70.8	73.25	80.37
Other Intangible Assets	23.12	23.12	28.5	6.43	18.83	16.28
Long-Term Deferred Tax Assets	72.73	72.73	55.93	20.04	103.59	63.32
Other Long-Term Assets	256.09	256.09	127.01	91.73	120.92	111.47
Total Assets	7,532	7,532	6,392	6,035	10,151	6,557
Accounts Payable	105.68	105.68	69.76	22.29	38.44	33.15
Accrued Expenses	774.81	774.81	350.34	326.1	580.4	408.27
Current Portion of Leases	199.93	199.93	155.75	168.62	514.03	384.24
Current Income Taxes Payable	139.82	139.82	118.05	75.65	84.32	101.39
Current Unearned Revenue	1,780	1,780	1,338	933.06	1,926	1,324
Other Current Liabilities	0.55	0.55	219.44	184.4	327.86	227.94
Total Current Liabilities	3,001	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	447.99	447.99	288.19	446.39	1,351	1,078
Long-Term Deferred Tax Liabilities	19.41	19.41	23.85	19.24	13.17	11.91
Total Liabilities	3,483	3,483	2,578	2,241	5,133	3,687
Common Stock	3,776	3,776	1.7	1.7	1.69	1.59
Additional Paid-In Capital	-	-	1,940	2,062	1,949	456.09
Retained Earnings	-	-	1,691	1,513	2,701	2,366
Treasury Stock	-	-	-0.06	-	-	-0
Comprensive Income & Other	-	-	-27.4	129.01	261.8	-90.87
Total Common Equity	3,776	3,776	3,604	3,706	4,913	2,733
Minority Interest	273.08	273.08	210.44	88.02	104.9	136.52
Shareholders' Equity	4,049	4,049	3,815	3,794	5,018	2,870
Total Liabilities & Equity	7,532	7,532	6,392	6,035	10,151	6,557
Total Debt	662.33	662.33	458.6	680.41	2,162	1,580
Net Cash (Debt)	4,113	4,113	3,538	3,511	4,099	1,938
Net Cash Growth	16.25%	16.25%	0.78%	-14.35%	111.48%	-37.38%
Net Cash Per Share	24.63	24.63	20.99	20.69	24.81	12.15
Filing Date Shares Outstanding	165.32	165.32	165.51	169.94	169.7	158.54
Total Common Shares Outstanding	165.32	165.32	164.32	169.7	169.01	158.54
Working Capital	2,388	2,388	2,163	2,764	3,103	1,277
Book Value Per Share	22.84	22.84	21.94	21.84	29.07	17.24
Tangible Book Value	3,649	3,649	3,470	3,628	4,821	2,637
Tangible Book Value Per Share	22.07	22.07	21.12	21.38	28.53	16.63
Buildings	-	-	156.02	166.24	205.29	178.78
Machinery	-	-	254.42	261.94	433.27	299.82
Construction In Progress	-	-	48.22	37.61	63.06	44.86
Leasehold Improvements	-	-	293.24	341.02	839.15	579.23

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