Sunlands Technology Group (STG)

Sunlands Technology Group Cash Flow Statement

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
Net Income	342.08	640.83	643.96	219.06	-430.54
Depreciation & Amortization	29.47	30.65	46.68	37.92	40.27
Other Amortization	4.16	1.4	-	-	-
Loss (Gain) From Sale of Assets	0.82	-43.82	0.27	-38.54	7.62
Loss (Gain) From Sale of Investments	-1.61	-1.89	0.89	5	0.88
Loss (Gain) on Equity Investments	13.51	10.08	-6.45	4.89	-1.35
Stock-Based Compensation	-	-	7.18	0.77	29.75
Other Operating Activities	16.82	-3.52	25.93	48.48	-0.45
Change in Unearned Revenue	-193.99	-553.8	-656.97	-646.69	-204.33
Change in Other Net Operating Assets	6.98	36.31	-49.01	15.56	369.74
Operating Cash Flow	195.52	140.8	9.14	-373.25	-188.64
Operating Cash Flow Growth	38.87%	1439.79%	-	-	-
Capital Expenditures	-0.26	-5.76	-3.24	-13.68	-12.43
Sale of Property, Plant & Equipment	0.04	0.12	0.08	-	0.03
Divestitures	-0.07	-0.32	-0.89	15.2	-
Sale (Purchase) of Intangibles	-0.15	-0.6	-	10.94	-14.54
Investment in Securities	-365.86	-67.64	100.11	332.62	-323.27
Other Investing Activities	7.43	2.38	0.12	-2.4	0.9
Investing Cash Flow	-358.86	-71.82	96.18	342.68	-349.31
Long-Term Debt Issued	-	-	-	61.54	-
Long-Term Debt Repaid	-101.78	-38.65	-38.65	-34.04	-32.5
Total Debt Repaid	-101.78	-38.65	-38.65	-34.04	-32.5
Net Debt Issued (Repaid)	-101.78	-38.65	-38.65	27.5	-32.5
Issuance of Common Stock	-	-	10.05	-	-
Repurchase of Common Stock	-10.95	-4.75	-6.74	-4.87	-26.58
Common Dividends Paid	-	-31.25	-32.56	-	-
Dividends Paid	-	-31.25	-32.56	-	-
Other Financing Activities	-	-	-	-61.54	-
Financing Cash Flow	-112.73	-74.66	-67.91	-38.9	-59.08
Foreign Exchange Rate Adjustments	16.92	14.65	43.27	-14.51	-44.49
Net Cash Flow	-259.15	8.97	80.68	-83.99	-641.52
Free Cash Flow	195.26	135.04	5.9	-386.93	-201.07
Free Cash Flow Growth	44.60%	2188.34%	-	-	-
Free Cash Flow Margin	9.81%	6.25%	0.25%	-15.43%	-9.12%
Free Cash Flow Per Share	14.30	9.79	0.43	-28.76	-14.88
Cash Interest Paid	5.51	7.78	10.19	10.26	11.78
Cash Income Tax Paid	8.87	11.23	13.62	-	0.02
Levered Free Cash Flow	64.33	-59.66	170.15	-218.96	-255.64
Unlevered Free Cash Flow	67.63	-54.87	176.43	-212.12	-248.33
Change in Working Capital	-209.73	-492.94	-709.32	-650.82	165.18

Updated Aug 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q