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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	753.56	763.8	753.64	626.72	760.71	1,402
Short-Term Investments	243.86	142.08	70.54	184.16	517.82	217.64
Cash & Short-Term Investments	997.42	905.88	824.18	810.87	1,279	1,620
Cash Growth	23.14%	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	120.16	50.68	41.63	96.99	80.93	158.46
Restricted Cash	5.01	2.58	3.76	50.01	-	-
Other Current Assets	6.71	29.04	58.56	104.1	167.2	259.76
Total Current Assets	1,129	1,032	969.1	1,127	1,554	2,044
Property, Plant & Equipment	900.81	922.49	1,088	1,220	999.97	1,145
Long-Term Investments	49.18	61.35	73.51	54.84	64.09	40.03
Other Intangible Assets	1.01	0.98	1.51	2.76	14.78	1.18
Long-Term Deferred Tax Assets	14.71	-	26.8	39.27	13.02	85.51
Long-Term Deferred Charges	59.58	68.77	78.84	109.02	170.16	205.49
Other Long-Term Assets	34.19	4.95	7.97	9.46	415.73	415.25
Total Assets	2,189	2,119	2,276	2,593	3,261	3,969
Accrued Expenses	424.12	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	8.67	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	426.03	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	897.47	1,010	1,478	1,906	2,196	2,240
Long-Term Debt	85.34	104.67	143.32	181.97	160.63	193.13
Long-Term Leases	152.94	157.27	316.84	404.13	532.54	616.25
Long-Term Unearned Revenue	560.91	560.11	704.86	1,081	1,561	1,559
Long-Term Deferred Tax Liabilities	2.84	3.74	5.98	21.78	15.22	87.95
Other Long-Term Liabilities	7.26	6.99	6.77	11.7	7.66	11.47
Total Liabilities	1,707	1,843	2,656	3,607	4,473	4,707
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	2,303	2,305	2,310	2,364	2,367	2,364
Retained Earnings	-1,976	-2,171	-2,812	-3,456	-3,675	-3,245
Comprehensive Income & Other	156.53	143.28	127.89	82.53	96.49	142.44
Total Common Equity	483.5	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	482.02	275.55	-379.85	-1,014	-1,212	-738.36
Total Liabilities & Equity	2,189	2,119	2,276	2,593	3,261	3,969
Total Debt	285.61	308.61	515.88	639.07	756.37	882.11
Net Cash (Debt)	711.81	597.28	308.3	171.8	522.16	737.76
Net Cash Growth	48.69%	93.73%	79.45%	-67.10%	-29.22%	-63.46%
Net Cash Per Share	51.84	43.28	22.54	12.77	38.65	54.01
Filing Date Shares Outstanding	13.69	13.71	13.85	13.29	13.46	13.6
Total Common Shares Outstanding	13.69	13.72	13.85	13.34	13.46	13.63
Working Capital	231.82	21.58	-509.04	-779.37	-641.44	-195.38
Book Value Per Share	35.31	20.19	-27.03	-75.67	-90.02	-54.17
Tangible Book Value	482.49	276.06	-376	-1,012	-1,226	-739.33
Tangible Book Value Per Share	35.24	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.