TAL Education Group (TAL)

TAL Education Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Net Income	278.65	84.59	-3.57	-135.61	-1,136	-115.99
Depreciation & Amortization	52.3	52.3	29.87	40.7	189.86	165.34
Loss (Gain) From Sale of Assets	-0.4	-0.4	-1.62	-9	23.14	2.39
Asset Writedown & Restructuring Costs	6.64	6.64	-4.85	0.76	897.93	154.75
Loss (Gain) From Sale of Investments	-30.58	-30.58	7.46	68.74	258.82	10.62
Loss (Gain) on Equity Investments	9.53	9.53	6.24	2.25	-10.79	-11.68
Stock-Based Compensation	64.94	64.94	88.9	108.57	174.83	204.95
Other Operating Activities	-1.95	-0.06	0.74	3.63	-24.86	-27.06
Change in Inventory	-54.07	-54.07	-34.85	-20.43	5.12	-17
Change in Accounts Payable	18.18	18.18	24.44	-2.93	-252.93	229
Change in Unearned Revenue	242.95	242.95	190.93	54.14	-1,230	529.21
Change in Income Taxes	-	-	5.07	14.43	-3.86	-4.09
Change in Other Net Operating Assets	2.56	2.56	-3.94	-118.29	-134.79	76.7
Operating Cash Flow	590.1	397.92	306.17	7.36	-939.18	954.73
Operating Cash Flow Growth	-1.73%	29.97%	4061.08%	-	-	11.55%
Capital Expenditures	-111.73	-111.73	-112.74	-110.33	-246.3	-245.06
Sale of Property, Plant & Equipment	1	1	2.71	19.99	26.29	0.75
Cash Acquisitions	0.08	0.08	-	-0.25	-	-11.9
Sale (Purchase) of Intangibles	-0.74	-0.74	-8.56	-	-0.12	-0.68
Investment in Securities	-735.88	-735.88	203.51	-211.81	1,585	-2,384
Other Investing Activities	833.18	0.24	0.42	1.52	4.31	-14.17
Investing Cash Flow	-14.09	-847.03	95.07	-301.63	1,369	-2,641
Short-Term Debt Issued	-	54.96	-	-	-	-
Long-Term Debt Issued	-	-	-	-	-	2,300
Total Debt Issued	54.96	54.96	-	-	-	2,300
Short-Term Debt Repaid	-	-55.39	-	-	-270	-
Long-Term Debt Repaid	-	-	-	-	-2,300	-3.52
Total Debt Repaid	-55.39	-55.39	-	-	-2,570	-3.52
Net Debt Issued (Repaid)	-0.43	-0.43	-	-	-2,570	2,296
Issuance of Common Stock	0.41	0.41	0.46	0.18	1.37	2,508
Repurchase of Common Stock	-13.15	-13.15	-233.56	-66.37	-196.28	-9.85
Other Financing Activities	-666.51	-	-	-	-1.78	-
Financing Cash Flow	-679.68	-13.17	-233.1	-66.18	-2,767	4,795
Foreign Exchange Rate Adjustments	0.82	-3.47	-5.58	-26.43	0.95	-5.28
Net Cash Flow	-102.85	-465.75	162.57	-386.88	-2,336	3,103
Free Cash Flow	478.37	286.2	193.44	-102.97	-1,185	709.67
Free Cash Flow Growth	-1.93%	47.95%	-	-	-	4.71%
Free Cash Flow Margin	16.98%	12.72%	12.98%	-10.10%	-27.00%	15.78%
Free Cash Flow Per Share	0.81	0.47	0.32	-0.16	-1.84	1.16
Cash Interest Paid	-	-	-	-	9.43	8.38
Cash Income Tax Paid	18.88	18.88	2.48	5.57	117.62	158.79
Levered Free Cash Flow	405.5	223.36	133.18	511.23	-541.09	-816.02
Unlevered Free Cash Flow	405.5	223.36	133.18	511.23	-536.17	-805.43
Change in Working Capital	210.97	210.97	183	-72.68	-1,312	571.42

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q