TAL Education Group (TAL)

TAL Education Group Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Cash & Equivalents	2,086	2,209	2,022	1,638	3,243	1,874
Short-Term Investments	1,368	1,095	1,150	1,071	2,695	345.46
Cash & Short-Term Investments	3,454	3,303	3,172	2,709	5,938	2,219
Cash Growth	16.56%	4.16%	17.09%	-54.38%	167.54%	46.44%
Accounts Receivable	-	52.74	44.83	25.57	25.91	42.65
Other Receivables	0.39	22.96	21.96	29.12	63.22	50.6
Receivables	0.39	75.7	78.94	73.87	97.46	103.55
Inventory	82.37	68.33	39	21.83	38.68	25.83
Prepaid Expenses	167.54	2.85	3.06	12.66	8.06	7.34
Restricted Cash	251.07	167.66	126.89	755.65	1,759	28.08
Other Current Assets	-	81.28	48.98	56.65	316.2	111.66
Total Current Assets	3,956	3,699	3,468	3,629	8,157	2,496
Property, Plant & Equipment	800.17	636.42	437.88	508.3	2,057	1,610
Long-Term Investments	299.33	284.27	453.38	414.49	667.64	571.6
Goodwill	-	-	-	-	454.41	378.91
Other Intangible Assets	191.61	191.04	194.36	219.4	282.74	263.84
Long-Term Deferred Tax Assets	4.06	4.62	5.97	6.75	317.19	79.53
Long-Term Deferred Charges	-	7.85	1.76	-	-	-
Other Long-Term Assets	90.04	104.58	162.6	303.65	136.63	134.63
Total Assets	5,341	4,928	4,724	5,083	12,112	5,571
Accounts Payable	167.32	127.32	59.99	89.84	353.78	117.77
Accrued Expenses	555.4	369	332.23	402.25	657.37	355.41
Short-Term Debt	6.35	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	270	-
Current Portion of Leases	79.58	62.6	42.17	66.11	382.67	304.96
Current Income Taxes Payable	-	50.66	46.92	49.26	65.14	46.65
Current Unearned Revenue	485.39	400.29	234.89	187.72	1,387	780.17
Other Current Liabilities	-	72.35	67.66	107.42	257.4	201.6
Total Current Liabilities	1,294	1,082	783.87	902.58	3,374	1,807
Long-Term Debt	-	-	-	-	2,300	261.95
Long-Term Leases	262.36	176.61	115.55	175.99	1,194	949.92
Long-Term Unearned Revenue	32.17	27.99	2.47	0.01	30.01	0.83
Long-Term Deferred Tax Liabilities	3.66	2.36	1.56	1.68	10.33	7.79
Total Liabilities	1,592	1,289	903.44	1,080	6,908	3,027
Common Stock	0.2	0.2	0.22	0.22	0.22	0.2
Additional Paid-In Capital	4,265	4,257	4,401	4,358	4,369	1,676
Retained Earnings	-460.3	-529.13	-525.56	-389.95	746.17	868.81
Treasury Stock	-	-	-0.01	-	-	-
Comprehensive Income & Other	-46.63	-65.93	-30.67	61.62	86.32	-28.91
Total Common Equity	3,758	3,662	3,845	4,030	5,202	2,516
Minority Interest	-9.16	-23.33	-23.73	-27.89	2.73	28.46
Shareholders' Equity	3,749	3,639	3,821	4,002	5,205	2,544
Total Liabilities & Equity	5,341	4,928	4,724	5,083	12,112	5,571
Total Debt	348.29	239.22	157.72	242.09	4,146	1,517
Net Cash (Debt)	3,106	3,064	3,014	2,467	1,791	702.49
Net Cash Growth	11.29%	1.67%	22.18%	37.70%	154.99%	-45.97%
Net Cash Per Share	5.10	5.02	4.73	3.83	2.93	1.18
Filing Date Shares Outstanding	605.31	605.56	638.49	648.8	644.82	600.33
Total Common Shares Outstanding	605.31	604.23	636.96	647.83	644.81	599.52
Working Capital	2,662	2,617	2,685	2,727	4,783	689.22
Book Value Per Share	6.21	6.06	6.04	6.22	8.07	4.20
Tangible Book Value	3,566	3,471	3,650	3,811	4,465	1,873
Tangible Book Value Per Share	5.89	5.74	5.73	5.88	6.92	3.12
Buildings	-	57.78	59.99	65.92	64.25	59.49
Machinery	-	118.54	103.6	193.66	295.71	210.18
Construction In Progress	-	286.43	210.18	151.44	59.49	16.03
Leasehold Improvements	-	84.93	50.13	115.76	446.2	316.53

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