Four Seasons Education (Cayman) Inc. (FEDU)

Four Seasons Education Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Net Income	0.8	4.96	-29.67	-113.46	-28.2
Depreciation & Amortization	12	8.32	6.55	10.18	15.7
Loss (Gain) From Sale of Assets	-0.33	-2.63	0.77	-3.09	-1.67
Asset Writedown & Restructuring Costs	-	3.67	-	52.43	-
Loss (Gain) From Sale of Investments	-2.02	-3.41	1.93	1.11	-2.15
Loss (Gain) on Equity Investments	-	-	-	36.75	3.85
Stock-Based Compensation	5.03	3.12	3.17	9	27.51
Provision & Write-off of Bad Debts	-	-	1.44	6.88	-
Other Operating Activities	-1.43	-2.16	-3.7	48.64	51.51
Change in Accounts Receivable	1.2	-0.29	1.15	-1.68	1.01
Change in Accounts Payable	3.75	-	-	-	-
Change in Unearned Revenue	9.92	10.36	0.78	-66.11	3.67
Change in Income Taxes	0.67	1.02	2.45	4.58	-2.16
Change in Other Net Operating Assets	-9.58	-6.41	-10.36	-76.54	-37.95
Operating Cash Flow	20.01	16.56	-25.49	-91.32	31.12
Operating Cash Flow Growth	20.83%	-	-	-	-62.13%
Capital Expenditures	-57.25	-56.62	-8.66	-9.88	-10.44
Sale of Property, Plant & Equipment	0.01	-	-	-	-
Cash Acquisitions	-	0.07	-	-0.32	0.85
Divestitures	-	-	-	-1.89	-
Sale (Purchase) of Intangibles	-	-	-	-0.12	-
Investment in Securities	59.28	127.47	-88.04	24.59	-58.42
Other Investing Activities	0.48	0.55	-	-8.09	-
Investing Cash Flow	2.53	71.48	-96.7	4.3	-68
Short-Term Debt Issued	-	1.59	-	-	0.1
Long-Term Debt Issued	42.13	40	-	-	-
Total Debt Issued	42.13	41.59	-	-	0.1
Short-Term Debt Repaid	-0.2	-0.16	-0.6	-0.51	-
Total Debt Repaid	-0.2	-0.16	-0.6	-0.51	-
Net Debt Issued (Repaid)	41.93	41.43	-0.6	-0.51	0.1
Issuance of Common Stock	4.83	-	-	-	0.01
Repurchase of Common Stock	-	-0.16	-0.24	-27.8	-
Common Dividends Paid	-34.89	-	-	-	-
Other Financing Activities	0.49	-	-	2.75	0.09
Financing Cash Flow	12.37	41.27	-0.84	-25.56	0.2
Foreign Exchange Rate Adjustments	2.15	-4.12	27.39	-3.93	-16.46
Net Cash Flow	37.05	125.19	-95.64	-116.51	-53.14
Free Cash Flow	-37.25	-40.06	-34.15	-101.2	20.68
Free Cash Flow Growth	-	-	-	-	-71.67%
Free Cash Flow Margin	-14.83%	-31.93%	-99.81%	-40.44%	7.38%
Free Cash Flow Per Share	-16.89	-16.96	-16.08	-44.99	8.94
Cash Income Tax Paid	0.05	0.06	0.16	3.32	10.19
Levered Free Cash Flow	-32.03	-35.33	-28.1	-84.91	31.84
Unlevered Free Cash Flow	-32.03	-35.33	-28.1	-84.91	31.84
Change in Working Capital	5.96	4.68	-5.98	-139.76	-35.43

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q