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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,415	636.05	819.91	728.93	355.22	73.97
Short-Term Investments	1,780	2,254	2,924	2,774	7,331	1,473
Cash & Short-Term Investments	3,195	2,890	3,744	3,503	7,686	1,547
Cash Growth	-11.91%	-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	38.39	24.6	22.78	15.6	48.07	8.82
Prepaid Expenses	594.61	78.08	67.27	90.92	342.55	112.94
Restricted Cash	2.4	33.9	0.02	168.19	-	-
Other Current Assets	-	154.31	110.23	105.51	320.91	69.16
Total Current Assets	3,831	3,587	4,166	3,937	8,457	1,809
Property, Plant & Equipment	1,024	723.19	635.7	1,034	1,511	346.77
Long-Term Investments	905.83	1,030	-	-	530.73	1,188
Goodwill	-	0.33	0.33	0.33	43.63	0.33
Other Intangible Assets	26.17	42.8	46.31	28.26	42.2	0.1
Long-Term Deferred Tax Assets	7.33	11.31	15.68	-	48.32	30.72
Other Long-Term Assets	51.87	19.34	11.69	25.41	52.73	19.43
Total Assets	5,846	5,413	4,876	5,025	10,686	3,395
Accrued Expenses	1,105	706.09	573.93	606.54	1,086	163.9
Short-Term Debt	-	-	-	-	-	0.46
Current Portion of Leases	107.52	50.49	38.33	80.01	152.62	59.98
Current Income Taxes Payable	0.06	4.28	1.79	-	4.65	16.09
Current Unearned Revenue	1,392	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	2,604	1,973	1,609	1,760	4,197	1,637
Long-Term Leases	308.76	137.65	44.2	276.04	644.14	194.23
Long-Term Unearned Revenue	190.21	124.14	52.42	9.23	9.13	5.67
Long-Term Deferred Tax Liabilities	71.12	71.97	74.51	71.62	78.7	0.03
Other Long-Term Liabilities	-	-	-	26.58	26.58	-
Total Liabilities	3,174	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	7,986	7,988	7,916	7,793	7,595	1,899
Retained Earnings	-5,205	-4,763	-4,756	-4,769	-1,666	-272.9
Treasury Stock	-98.31	-85.18	-	-	-139.57	-86.74
Comprehensive Income & Other	-11.07	-33.21	-64.06	-143.11	-59.91	17.83
Total Common Equity	2,672	3,106	3,096	2,881	5,730	1,557
Shareholders' Equity	2,672	3,106	3,096	2,881	5,730	1,557
Total Liabilities & Equity	5,846	5,413	4,876	5,025	10,686	3,395
Total Debt	416.28	188.15	82.52	356.05	796.77	254.67
Net Cash (Debt)	2,779	2,702	3,661	3,147	6,890	1,293
Net Cash Growth	-21.54%	-26.21%	16.35%	-54.32%	432.95%	459.03%
Net Cash Per Share	10.70	10.37	13.87	12.28	28.76	6.18
Filing Date Shares Outstanding	258.74	258.22	259.35	257.08	255.59	238.64
Total Common Shares Outstanding	258.74	258.17	259.29	257.01	254.64	238.64
Working Capital	1,226	1,613	2,557	2,177	4,260	171.65
Book Value Per Share	10.33	12.03	11.94	11.21	22.50	6.53
Tangible Book Value	2,646	3,063	3,049	2,852	5,644	1,557
Tangible Book Value Per Share	10.22	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.