Four Seasons Education (Cayman) Inc. (FEDU)

Four Seasons Education Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	30.79	0.8	4.96	-29.67	-113.46
Depreciation & Amortization	17.82	12	8.32	6.55	10.18
Loss (Gain) From Sale of Assets	-8.82	-0.33	-2.63	0.77	-3.09
Asset Writedown & Restructuring Costs	-	-	3.67	-	52.43
Loss (Gain) From Sale of Investments	-2.44	-2.02	-3.41	1.93	1.11
Loss (Gain) on Equity Investments	-	-	-	-	36.75
Stock-Based Compensation	1.65	5.03	3.12	3.17	9
Provision & Write-off of Bad Debts	2.24	-	-	1.44	6.88
Other Operating Activities	-1.7	-1.43	-2.16	-3.7	48.64
Change in Accounts Receivable	-1.13	1.2	-0.29	1.15	-1.68
Change in Accounts Payable	-0.73	3.75	-	-	-
Change in Unearned Revenue	2.19	9.92	10.36	0.78	-66.11
Change in Income Taxes	0.52	0.67	1.02	2.45	4.58
Change in Other Net Operating Assets	-10.37	-9.58	-6.41	-10.36	-76.54
Operating Cash Flow	30.03	20.01	16.56	-25.49	-91.32
Operating Cash Flow Growth	50.11%	20.83%	-	-	-

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Capital Expenditures	-6.25	-57.25	-56.62	-8.66	-9.88
Sale of Property, Plant & Equipment	0.01	0.01	-	-	-
Cash Acquisitions	-	-	0.07	-	-0.32
Divestitures	-	-	-	-	-1.89
Sale (Purchase) of Intangibles	-0.66	-	-	-	-0.12
Investment in Securities	-100.38	59.28	127.47	-88.04	24.59
Other Investing Activities	-0.8	0.48	0.55	-	-8.09
Investing Cash Flow	-108.08	2.53	71.48	-96.7	4.3

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Short-Term Debt Issued	-	-	1.59	-	-
Long-Term Debt Issued	7.87	42.13	40	-	-
Total Debt Issued	7.87	42.13	41.59	-	-
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)	7.87	41.93	41.43	-0.6	-0.51
Issuance of Common Stock	0.08	4.83	-	-	-
Repurchase of Common Stock	-	-	-0.16	-0.24	-27.8
Common Dividends Paid	-	-34.89	-	-	-
Other Financing Activities	1.12	0.49	-	-	2.75
Financing Cash Flow	9.06	12.37	41.27	-0.84	-25.56

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Foreign Exchange Rate Adjustments	-3.76	2.15	-4.12	27.39	-3.93
Net Cash Flow	-72.75	37.05	125.19	-95.64	-116.51

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Free Cash Flow	23.78	-37.25	-40.06	-34.15	-101.2
Free Cash Flow Growth	-	-	-	-	-
Free Cash Flow Margin	9.35%	-14.83%	-31.93%	-99.81%	-40.44%
Free Cash Flow Per Share	10.38	-16.89	-16.96	-16.08	-44.99
Levered Free Cash Flow	16.81	-32.03	-35.33	-28.1	-84.91
Unlevered Free Cash Flow	16.81	-32.03	-35.33	-28.1	-84.91

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash Income Tax Paid	0.23	0.05	0.06	0.16	3.32
Change in Working Capital	-9.52	5.96	4.68	-5.98	-139.76

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Feb 28, 2026

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

Update frequency:

Semi-annually

Last checked:

Aug 13, 2026

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