CN stock · Consumer Defensive sector · Education & Training Services
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TAL Education Group

TALNYSE

4.12

USD
+0.09
(+2.23%)
After Hours Market
-8.74P/E
103Forward P/E
-0.34P/E to S&P500
2.657BMarket CAP
- -Div Yield
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Currency: USD, in millions
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Income Statement
Revenue
37
70
111
178
226
314
434
620
1,043
1,715
2,563
3,273
4,496
COGS
19
38
56
96
116
152
203
304
522
882
1,164
1,469
2,049
Gross Profit
19
32
55
82
110
162
231
316
521
833
1,399
1,805
2,447
Gross Profit Ratio
50.49%
45.90%
49.28%
46.14%
48.78%
51.74%
53.21%
51.02%
49.93%
48.55%
54.57%
55.14%
54.43%
Operating Expenses
8
16
29
61
78
105
164
231
386
624
1,057
1,638
2,778
R&D Expenses
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Selling, G&A Exp.
8
16
29
61
79
106
164
235
389
628
1,064
1,648
2,797
General and Admin. Exp.
6
11
9,964
9,996
23,245
134
200
288
463
754
1,306
1,648
1,117
Selling and Marketing Exp.
2
6
(9,935)
(9,935)
(23,166)
(28)
(36)
(54)
(74)
(126)
(242)
- -
1,680
Other Expenses
- -
- -
(0)
(0)
(1)
(1)
(0)
(3)
(3)
(5)
(7)
(9)
(19)
COGS and Expenses
27
54
85
157
195
257
367
542
917
1,509
2,279
3,290
4,826
Interest Income
0
0
1
3
5
9
17
18
18
40
60
73
114
Interest Expense
0
0
0
- -
- -
- -
6
7
13
17
18
12
17
Depreciation and Amortization
1
2
3
6
7
10
12
19
34
59
89
118
165
EBITDA
10
18
(2,601)
(2,598)
(4,116)
67
79
120
130
240
429
89
(4)
EBITDA ratio
27.64%
25.54%
(2,351.32)%
(1,463.72)%
(1,821.90)%
21.19%
18.15%
19.39%
12.47%
14.01%
16.74%
2.72%
(0.08)%
Operating Income
9
15
26
21
31
57
67
85
135
209
342
137
(438)
Operating Income ratio
24.19%
22.22%
23.12%
11.72%
13.91%
18.28%
15.50%
13.72%
12.90%
12.16%
13.33%
4.20%
(9.75)%
Total Other Income Exp.(Gains)
0
0
1
8
6
10
10
52
20
38
116
(188)
214
Income Before Tax
9
16
27
29
38
67
77
137
155
247
457
(51)
(225)
Income Before Tax ratio
24.81%
22.45%
24.41%
16.06%
16.60%
21.44%
17.80%
22.08%
14.82%
14.40%
17.84%
(1.55)%
(5.00)%
Income Tax Expense (Gain)
2
1
(2,628)
(2,628)
(4,156)
(4)
(7)
(9)
(33)
(34)
(45)
69
(70)
Net Income
7
14
24
24
33
61
67
103
117
198
367
(110)
(116)
Net Income Ratio
19.43%
20.47%
21.70%
13.69%
14.79%
19.31%
15.47%
16.59%
11.21%
11.57%
14.33%
(3.37)%
(2.58)%
EPS
0.01
0.04
0.06
0.05
0.07
0.13
0.14
0.21
0.24
0.38
0.64
(0.19)
(0.19)
EPS Diluted
0.01
0.04
0.06
0.05
0.07
0.13
0.14
0.20
0.22
0.34
0.61
(0.19)
(0.19)
Weighted Avg. Shares Outs.
370
369
396
462
467
470
475
480
488
525
570
595
611
Weighted Avg. Shares Outs. Dil.
385
384
409
468
470
478
491
549
566
583
601
595
611
Balance Sheet
Cash and Cash Equivalents
30
51
173
189
185
270
470
434
470
712
1,247
1,874
3,243
Short-Term Investments
0
2
1
0
0
- -
22
45
229
787
268
345
2,695
Cash & Short-Term Investments
30
53
174
189
186
270
492
479
700
1,499
1,516
2,219
5,938
Net Receivables
0
- -
1
2
4
13
19
8
103
55
103
138
19
Inventory
0
0
0
0
0
0
1
1
3
5
8
26
39
Other Current Assets
2
3
31
19
37
18
28
29
65
103
119
112
2,162
Total Current Assets
32
56
205
210
226
300
539
516
871
1,662
1,746
2,496
8,157
PP&E
2
5
8
77
76
79
94
115
154
247
288
1,815
2,057
Goodwill
1
1
1
1
1
8
12
87
267
291
414
379
454
Intangible Assets
2
1
1
0
2
3
4
15
38
44
75
59
283
Goodwill and Intangible Assets
3
2
1
1
2
10
16
102
305
335
489
438
737
Investments
- -
- -
- -
- -
5
27
97
274
348
598
851
564
660
Tax Assets
0
0
0
0
0
- -
0
1
13
20
18
8
317
Other Non-Current Assets
1
2
3
7
6
11
26
53
137
193
344
250
184
Total Non-Current Assets
7
10
12
85
90
127
233
546
958
1,393
1,989
3,075
3,955
Other Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Assets
39
66
218
295
316
428
772
1,061
1,829
3,055
3,735
5,571
12,112
Accounts Payable
0
1
1
3
2
2
5
15
26
66
131
122
354
Short-Term Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
215
305
653
Tax Payable
3
1
5
3
6
8
12
27
34
37
72
54
93
Deferred Revenue
18
29
50,678
50,678
50,396
67,743
177,640
280,935
504,147
824,276
434
- -
1,387
Other Current Liabilities
8
8
(50,616)
(50,577)
(50,273)
(67,579)
(177,412)
(280,566)
(503,506)
(823,209)
404
1,379
980
Total Current Liabilities
26
38
63
104
125
167
233
383
667
1,133
1,184
1,807
3,374
Long-Term Debt
- -
- -
- -
- -
- -
- -
226
228
450
236
- -
262
2,300
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
8,346
14,726
17,980
2
- -
30
Deferred Tax Liabilities
0
0
668
668
490
538
1,708
6,655
16,188
17,361
- -
- -
10
Other Non-Current Liabilities
9
10
(668)
(668)
(490)
(538)
(1,708)
(14,988)
(30,847)
(35,277)
65
987
1,195
Total Non-Current Liabilities
9
10
0
0
0
1
227
241
518
300
68
1,249
3,536
Other Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Capital Lease Obligations
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,255
1,576
Total Liabilities
35
48
63
105
125
168
459
624
1,185
1,434
1,251
3,056
6,910
Preferred Stock
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock
0
0
0
0
0
0
0
0
0
0
2
0
0
Retained Earnings
0
12
41
65
99
159
226
329
446
604
979
869
625
Other Compreh. Income(Loss)
0
0
2
5
19
23
23
22
84
171
76
54
208
Other Total Stockhold. Equity
3
6
112
120
74
78
64
85
114
846
1,427
1,593
4,369
Total Stockholders Equity
3
18
155
190
191
260
313
437
644
1,621
2,484
2,516
5,202
Total Liab.&Stockhold. Equity
39
66
218
295
316
428
772
1,061
1,829
3,055
3,735
5,571
12,111
Minority Interest
- -
- -
0
0
(0)
0
0
(0)
(0)
0
- -
- -
1
Total Liabilities & Equity
39
66
218
295
316
428
772
1,061
1,829
3,055
3,735
5,571
12,112
Cash Flow Statement
Net Income
7
14
24
24
33
61
67
103
117
198
367
(110)
(116)
Depreciation and Amortization
1
2
3
6
7
10
12
19
34
59
89
118
165
Deferred Income Tax
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Stock Based Compensation
- -
- -
5
8
8
8
18
26
36
47
77
118
205
Change in Working Capital
14
11
21
35
16
23
50
86
185
384
(272)
442
571
Accounts Receivable
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Inventory
0
(0)
0
(0)
(0)
0
(0)
0
(2)
(2)
(2)
(18)
(17)
Accounts Payable
- -
1
(0)
2
(2)
0
2
4
5
31
49
1
229
Other Working Capital
(1)
(2)
(1)
(2)
16
29
43
66
190
328
(427)
285
287
Other Non-Cash Items
1
- -
0
0
1
(0)
(0)
(46)
(12)
(3)
(67)
288
129
Cash Provided by Operating Activities
23
27
54
73
65
102
148
188
360
685
194
856
955
CAPEX
(4)
(4)
(5)
(75)
(7)
(11)
(31)
(35)
(71)
(128)
(355)
(188)
(246)
Acquisitions Net
(2)
- -
- -
- -
- -
(29)
(6)
(22)
(27)
(14)
(67)
(7)
(12)
Purchases of Investments
- -
(1)
- -
(0)
(52)
(75)
(120)
(234)
(448)
(1,437)
(827)
(683)
(2,594)
Sales/Maturities of Investments
- -
- -
1
- -
32
98
22
93
137
677
1,107
578
209
Other Investing Activities
(1)
- -
(26)
14
(3)
(1)
(12)
(17)
(109)
60
(241)
(49)
(0)
Cash Used for Investing Activities
(5)
(5)
(30)
(59)
(28)
(17)
(146)
(215)
(518)
(840)
(167)
(339)
(2,641)
Debt Repayment
- -
- -
- -
(0)
- -
- -
- -
- -
(25)
- -
(205)
(209)
(4)
Common Stock Issued
- -
- -
129
- -
- -
- -
- -
- -
- -
500
500
- -
2,500
Common Stock Repurchased
- -
- -
- -
- -
(2)
- -
- -
- -
- -
- -
- -
- -
(10)
Dividends Paid
- -
(1)
(30)
- -
(39)
- -
- -
- -
- -
(41)
- -
- -
- -
Other Financing Activities
5
1
(3)
(0)
- -
- -
202
1
223
(31)
180
341
2,308
Cash Used/Provided by Financing Activities
5
(1)
97
(0)
(41)
- -
202
1
198
428
475
131
4,795
Effect of Forex Changes on Cash
0
0
2
2
1
1
(3)
(9)
(3)
(32)
33
3
(5)
Net Change In Cash
24
21
122
15
(3)
85
200
(36)
36
241
536
651
3,103
Cash at the End of Period
30
51
173
189
185
270
470
434
470
712
1,264
1,915
5,018
Cash at the Beginning of Period
6
30
51
173
189
185
270
470
434
470
728
1,264
1,915
Free Cash Flow
20
23
49
(1)
58
91
117
153
288
557
(161)
668
709
Forex Rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -