Gaotu Techedu Inc. (GOTU)

Gaotu Techedu Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	855.82	636.05	819.91	728.93	355.22	73.97
Short-Term Investments	1,483	2,254	2,924	2,774	7,331	1,473
Cash & Short-Term Investments	2,339	2,890	3,744	3,503	7,686	1,547
Cash Growth	-5.08%	-22.81%	6.88%	-54.43%	396.73%	569.15%
Accounts Receivable	-	71.7	24.55	49.97	11.6	26.57
Other Receivables	-	334.16	197.86	3.68	47.63	43.99
Receivables	-	405.86	222.4	53.64	59.23	70.56
Inventory	53.4	24.6	22.78	15.6	48.07	8.82
Prepaid Expenses	555.72	78.08	67.27	90.92	342.55	112.94
Restricted Cash	6.87	33.9	0.02	168.19	-	-
Other Current Assets	-	154.31	110.23	105.51	320.91	69.16
Total Current Assets	2,955	3,587	4,166	3,937	8,457	1,809
Property, Plant & Equipment	1,202	723.19	635.7	1,034	1,511	346.77
Long-Term Investments	964.36	1,030	-	-	530.73	1,188
Goodwill	-	0.33	0.33	0.33	43.63	0.33
Other Intangible Assets	25.96	42.8	46.31	28.26	42.2	0.1
Long-Term Deferred Tax Assets	-	11.31	15.68	-	48.32	30.72
Other Long-Term Assets	61.67	19.34	11.69	25.41	52.73	19.43
Total Assets	5,208	5,413	4,876	5,025	10,686	3,395
Accrued Expenses	1,070	706.09	573.93	606.54	1,086	163.9
Short-Term Debt	-	-	-	-	-	0.46
Current Portion of Leases	164.18	50.49	38.33	80.01	152.62	59.98
Current Income Taxes Payable	0.13	4.28	1.79	-	4.65	16.09
Current Unearned Revenue	1,224	1,113	906.91	986.99	2,725	1,332
Other Current Liabilities	-	98.94	88.26	86.73	229.31	64.86
Total Current Liabilities	2,458	1,973	1,609	1,760	4,197	1,637
Long-Term Leases	397.47	137.65	44.2	276.04	644.14	194.23
Long-Term Unearned Revenue	215.6	124.14	52.42	9.23	9.13	5.67
Long-Term Deferred Tax Liabilities	70.66	71.97	74.51	71.62	78.7	0.03
Other Long-Term Liabilities	-	-	-	26.58	26.58	-
Total Liabilities	3,142	2,307	1,780	2,144	4,956	1,837
Common Stock	0.12	0.12	0.12	0.11	0.11	0.11
Additional Paid-In Capital	7,994	7,988	7,916	7,793	7,595	1,899
Retained Earnings	-5,677	-4,763	-4,756	-4,769	-1,666	-272.9
Treasury Stock	-216.49	-85.18	-	-	-139.57	-86.74
Comprehensive Income & Other	-34.91	-33.21	-64.06	-143.11	-59.91	17.83
Total Common Equity	2,066	3,106	3,096	2,881	5,730	1,557
Shareholders' Equity	2,066	3,106	3,096	2,881	5,730	1,557
Total Liabilities & Equity	5,208	5,413	4,876	5,025	10,686	3,395
Total Debt	561.64	188.15	82.52	356.05	796.77	254.67
Net Cash (Debt)	1,777	2,702	3,661	3,147	6,890	1,293
Net Cash Growth	-24.03%	-26.21%	16.35%	-54.32%	432.95%	459.03%
Net Cash Per Share	6.88	10.37	13.87	12.28	28.76	6.18
Filing Date Shares Outstanding	254.33	258.22	259.35	257.08	255.59	238.64
Total Common Shares Outstanding	254.33	258.17	259.29	257.01	254.64	238.64
Working Capital	496.38	1,613	2,557	2,177	4,260	171.65
Book Value Per Share	8.12	12.03	11.94	11.21	22.50	6.53
Tangible Book Value	2,040	3,063	3,049	2,852	5,644	1,557
Tangible Book Value Per Share	8.02	11.86	11.76	11.10	22.16	6.52
Buildings	-	489.93	491.08	491.08	189.97	-
Machinery	-	107.11	102	208.15	235.42	67.41
Construction In Progress	-	0.79	0.87	10.18	268.52	15.13
Leasehold Improvements	-	96.38	76.52	81.38	80.71	21.85

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