Gaotu Techedu Inc. (GOTU)

Gaotu Techedu Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,321	636.05	819.91	728.93	355.22
Short-Term Investments	1,845	2,254	2,924	2,774	7,331
Cash & Short-Term Investments	3,166	2,890	3,744	3,503	7,686
Cash Growth	9.56%	-22.81%	6.88%	-54.43%	396.73%
Accounts Receivable	3.88	71.7	24.55	49.97	11.6
Other Receivables	144.58	334.16	197.86	3.68	47.63
Receivables	148.46	405.86	222.4	53.64	59.23
Inventory	36.4	24.6	22.78	15.6	48.07
Prepaid Expenses	119.83	78.08	67.27	90.92	342.55
Restricted Cash	5.22	33.9	0.02	168.19	-
Other Current Assets	163.55	154.31	110.23	105.51	320.91
Total Current Assets	3,640	3,587	4,166	3,937	8,457
Property, Plant & Equipment	1,174	723.19	635.7	1,034	1,511
Long-Term Investments	922.74	1,030	-	-	530.73
Goodwill	0.33	0.33	0.33	0.33	43.63
Other Intangible Assets	43.75	42.8	46.31	28.26	42.2
Long-Term Deferred Tax Assets	-	11.31	15.68	-	48.32
Other Long-Term Assets	47.61	19.34	11.69	25.41	52.73
Total Assets	5,828	5,413	4,876	5,025	10,686
Accrued Expenses	1,110	706.09	573.93	606.54	1,086
Current Portion of Leases	147.64	50.49	38.33	80.01	152.62
Current Income Taxes Payable	0.67	4.28	1.79	-	4.65
Current Unearned Revenue	1,867	1,113	906.91	986.99	2,725
Other Current Liabilities	135.05	98.94	88.26	86.73	229.31
Total Current Liabilities	3,261	1,973	1,609	1,760	4,197
Long-Term Leases	344.61	137.65	44.2	276.04	644.14
Long-Term Unearned Revenue	218.8	124.14	52.42	9.23	9.13
Long-Term Deferred Tax Liabilities	70.6	71.97	74.51	71.62	78.7
Other Long-Term Liabilities	-	-	-	26.58	26.58
Total Liabilities	3,895	2,307	1,780	2,144	4,956
Common Stock	0.12	0.12	0.12	0.11	0.11
Additional Paid-In Capital	7,991	7,988	7,916	7,793	7,595
Retained Earnings	-5,812	-4,763	-4,756	-4,769	-1,666
Treasury Stock	-242.87	-85.18	-	-	-139.57
Comprehensive Income & Other	-2.83	-33.21	-64.06	-143.11	-59.91
Total Common Equity	1,933	3,106	3,096	2,881	5,730
Shareholders' Equity	1,933	3,106	3,096	2,881	5,730
Total Liabilities & Equity	5,828	5,413	4,876	5,025	10,686
Total Debt	492.24	188.15	82.52	356.05	796.77
Net Cash (Debt)	2,674	2,702	3,661	3,147	6,890
Net Cash Growth	-1.03%	-26.21%	16.35%	-54.33%	432.95%
Net Cash Per Share	10.40	10.37	13.87	12.28	28.76
Filing Date Shares Outstanding	249.82	258.22	259.35	257.08	255.59
Total Common Shares Outstanding	252.93	258.17	259.29	257.01	254.64
Working Capital	379.21	1,613	2,557	2,177	4,260
Book Value Per Share	7.64	12.03	11.94	11.21	22.50
Tangible Book Value	1,889	3,063	3,049	2,852	5,644
Tangible Book Value Per Share	7.47	11.86	11.76	11.10	22.16
Buildings	489.93	489.93	491.08	491.08	189.97
Machinery	171.45	107.11	102	208.15	235.42
Construction In Progress	0.79	0.79	0.87	10.18	268.52
Leasehold Improvements	203.86	96.38	76.52	81.38	80.71

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q