Sunlands Technology Group (STG)

Sunlands Technology Group 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	535.89	763.8	753.64	626.72	760.71	1,402
Short-Term Investments	257.94	142.08	70.54	184.16	517.82	217.64
Cash & Short-Term Investments	793.83	905.88	824.18	810.87	1,279	1,620
Cash Growth	-8.84%	9.91%	1.64%	-36.58%	-21.07%	-28.87%
Other Receivables	-	29.34	26.81	55.74	27.6	6.1
Receivables	-	29.34	26.81	55.74	27.6	6.1
Inventory	-	14.24	14.15	8.88	-	-
Prepaid Expenses	106.46	50.68	41.63	96.99	80.93	158.46
Restricted Cash	0.02	2.58	3.76	50.01	-	-
Other Current Assets	4.8	29.04	58.56	104.1	167.2	259.76
Total Current Assets	905.1	1,032	969.1	1,127	1,554	2,044
Property, Plant & Equipment	877.15	922.49	1,088	1,220	999.97	1,145
Long-Term Investments	48.94	61.35	73.51	54.84	64.09	40.03
Other Intangible Assets	0.85	0.98	1.51	2.76	14.78	1.18
Long-Term Deferred Tax Assets	23.4	-	26.8	39.27	13.02	85.51
Long-Term Deferred Charges	61.09	68.77	78.84	109.02	170.16	205.49
Other Long-Term Assets	237.43	4.95	7.97	9.46	415.73	415.25
Total Assets	2,154	2,119	2,276	2,593	3,261	3,969
Accrued Expenses	420.75	180.43	155.13	186.58	293.5	235.67
Current Portion of Long-Term Debt	38.65	38.65	38.65	38.65	32.5	32.5
Current Portion of Leases	8.36	8.02	17.07	14.31	30.7	40.24
Current Income Taxes Payable	-	26.97	39.5	75.67	15.54	15.26
Current Unearned Revenue	359.9	553.81	986.09	1,267	1,463	1,670
Other Current Liabilities	-	202.29	241.72	323.79	360.3	245.83
Total Current Liabilities	827.66	1,010	1,478	1,906	2,196	2,240
Long-Term Debt	75.67	104.67	143.32	181.97	160.63	193.13
Long-Term Leases	134.81	157.27	316.84	404.13	532.54	616.25
Long-Term Unearned Revenue	560.69	560.11	704.86	1,081	1,561	1,559
Long-Term Deferred Tax Liabilities	2.68	3.74	5.98	21.78	15.22	87.95
Other Long-Term Liabilities	7.94	6.99	6.77	11.7	7.66	11.47
Total Liabilities	1,609	1,843	2,656	3,607	4,473	4,707
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	2,297	2,305	2,310	2,364	2,367	2,364
Retained Earnings	-1,887	-2,171	-2,812	-3,456	-3,675	-3,245
Comprehensive Income & Other	136	143.28	127.89	82.53	96.49	142.44
Total Common Equity	546	277.04	-374.49	-1,009	-1,211	-738.15
Minority Interest	-1.49	-1.49	-5.36	-4.93	-0.66	-0.21
Shareholders' Equity	544.52	275.55	-379.85	-1,014	-1,212	-738.36
Total Liabilities & Equity	2,154	2,119	2,276	2,593	3,261	3,969
Total Debt	257.49	308.61	515.88	639.07	756.37	882.11
Net Cash (Debt)	536.33	597.28	308.3	171.8	522.16	737.76
Net Cash Growth	-3.42%	93.73%	79.45%	-67.10%	-29.22%	-63.46%
Net Cash Per Share	39.14	43.28	22.54	12.77	38.65	54.01
Filing Date Shares Outstanding	13.66	13.71	13.85	13.29	13.46	13.6
Total Common Shares Outstanding	13.66	13.72	13.85	13.34	13.46	13.63
Working Capital	77.44	21.58	-509.04	-779.37	-641.44	-195.38
Book Value Per Share	39.98	20.19	-27.03	-75.67	-90.02	-54.17
Tangible Book Value	545.15	276.06	-376	-1,012	-1,226	-739.33
Tangible Book Value Per Share	39.92	20.12	-27.14	-75.87	-91.11	-54.26
Buildings	-	865.45	865.45	865.45	480.27	480.27
Machinery	-	37.43	38.47	37.5	35.31	35.05
Leasehold Improvements	-	71.53	69.71	95.95	106.71	106.38

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