EDU FY 2015 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

FY 2015 Earnings

Reported September 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	9.5%
Op. Income	$154M	—	$154M	—	0.0%
Gross Margin	57.8%	—	60.3%	—	-2.6pp
Net Margin	15.5%	—	18.9%	—	-3.5pp
EPS (Diluted)	$1.20	—	$1.40	—	-14.3%
Free Cash Flow	$319M	—	$330M	—	-3.3%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$527M
GROSS PROFIT	$720M
R&D Expenses	$0
Selling & Marketing	$189M
General & Administrative	$380M
SG&A Expenses	$569M
Other Expenses	$0
Operating Expenses	$569M
Cost & Expenses	$1.1B
OPERATING INCOME	$154M
Interest Income	$67M
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$218M
Income Tax Expense	$26M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$47M
EBIT	$154M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$527M
GROSS PROFIT	$720M
R&D Expenses	$0
Selling & Marketing	$189M
General & Administrative	$380M
SG&A Expenses	$569M
Other Expenses	$0
Operating Expenses	$569M
Cost & Expenses	$1.1B
OPERATING INCOME	$154M
Interest Income	$67M
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$218M
Income Tax Expense	$26M
Net Income from Continuing Ops	$193M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$193M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$193M
D&A	$47M
EBIT	$154M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$193M
Depreciation & Amortization	$47M
Stock-Based Compensation	$16M
Deferred Income Tax	-$6M
Other Non-Cash Items	$5M
Change in Working Capital	$119M
OPERATING CASH FLOW	$374M
Capital Expenditure	-$55M
Acquisitions (Net)	$48M
Purchases of Investments	-$981M
Sales/Maturities of Investments	$814M
Other Investing Activities	$659.0K
NET CASH FROM INVESTING	-$173M
Net Debt Issuance	$0
Common Stock Repurchased	-$59M
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$319M
Net Change in Cash	$160M

Balance Sheet

Item	Amount
Cash & Equivalents	$531M
Short-Term Investments	$669M
Net Receivables	$30M
Inventory	$24M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$231M
Goodwill	$11M
Intangible Assets	$8M
Long-Term Investments	$326M
Tax Assets	$5M
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$603M
TOTAL ASSETS	$2.0B
Account Payables	$18M
Short-Term Debt	$0
Deferred Revenue	$511M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$725M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2M
TOTAL LIABILITIES	$728M
Common Stock	$2M
Additional Paid-In Capital	$142M
Retained Earnings	$824M
Treasury Stock	-$19.0K
Accum. Other Comp. Income	$253M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$3M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$0
Net Debt	-$531M