TAL Education Group (TAL)

TAL Education Group Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	735.95	530.75	84.59	-3.57	-135.61	-1,136
Depreciation & Amortization	76.72	76.72	52.3	29.87	40.7	189.86
Loss (Gain) From Sale of Assets	-1.2	-1.2	-0.4	-1.62	-9	23.14
Asset Writedown & Restructuring Costs	20	20	5.37	1.29	0.76	897.93
Loss (Gain) From Sale of Investments	-369.61	-369.61	-30.58	7.46	68.74	258.82
Loss (Gain) on Equity Investments	0.86	0.86	9.53	6.24	2.25	-10.79
Stock-Based Compensation	43.09	43.09	64.94	88.9	108.57	174.83
Other Operating Activities	-158.59	37.13	1.21	-5.4	3.63	-24.86
Change in Inventory	-89.15	-89.15	-54.07	-34.85	-20.43	5.12
Change in Accounts Payable	23.46	23.46	18.18	24.44	-2.93	-252.93
Change in Unearned Revenue	210.97	210.97	242.95	190.93	54.14	-1,230
Change in Income Taxes	-	-	-	5.07	14.43	-3.86
Change in Other Net Operating Assets	52.64	52.64	2.56	-3.94	-118.29	-134.79
Operating Cash Flow	610.95	601.47	397.92	306.17	7.36	-939.18
Operating Cash Flow Growth	38.41%	51.15%	29.97%	4061.08%	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Capital Expenditures	-93.19	-93.19	-111.73	-112.74	-110.33	-246.3
Sale of Property, Plant & Equipment	1.61	1.61	1	2.71	19.99	26.29
Cash Acquisitions	-95.52	-95.52	0.08	-	-0.25	-
Sale (Purchase) of Intangibles	-0.39	-0.39	-0.74	-8.56	-	-0.12
Investment in Securities	11.67	11.67	-735.88	203.51	-211.81	1,585
Other Investing Activities	86.13	0.07	0.24	0.42	1.52	4.31
Investing Cash Flow	-89.69	-175.75	-847.03	95.07	-301.63	1,369

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Short-Term Debt Issued	-	-	54.96	-	-	-
Total Debt Issued	-	-	54.96	-	-	-
Short-Term Debt Repaid	-	-	-55.39	-	-	-270
Long-Term Debt Repaid	-	-	-	-	-	-2,300
Total Debt Repaid	-	-	-55.39	-	-	-2,570
Net Debt Issued (Repaid)	-	-	-0.43	-	-	-2,570
Issuance of Common Stock	0.57	0.57	0.41	0.46	0.18	1.37
Repurchase of Common Stock	-644.09	-644.09	-13.15	-233.56	-66.37	-196.28
Other Financing Activities	527.22	-	-	-	-	-1.78
Financing Cash Flow	-116.29	-643.51	-13.17	-233.1	-66.18	-2,767

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Foreign Exchange Rate Adjustments	20.02	12.1	-3.47	-5.58	-26.43	0.95
Net Cash Flow	424.99	-205.69	-465.75	162.57	-386.88	-2,336

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Free Cash Flow	517.75	508.28	286.2	193.44	-102.97	-1,185
Free Cash Flow Growth	57.05%	77.60%	47.95%	-	-	-
Free Cash Flow Margin	15.57%	16.89%	12.72%	12.98%	-10.10%	-27.00%
Free Cash Flow Per Share	0.93	0.88	0.47	0.32	-0.16	-1.84
Levered Free Cash Flow	369.13	408.41	223.36	133.18	511.23	-541.09
Unlevered Free Cash Flow	369.13	408.41	223.36	133.18	511.23	-536.17

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash Interest Paid	-	-	-	-	-	9.43
Cash Income Tax Paid	72.38	72.38	18.88	2.48	5.57	117.62
Change in Working Capital	263.73	263.73	210.97	183	-72.68	-1,312

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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