EDU FY 2017 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

FY 2017 Earnings

Reported September 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	21.7%
Op. Income	$262M	—	$199M	—	31.8%
Gross Margin	58.3%	—	58.4%	—	-0.1pp
Net Margin	15.3%	—	15.2%	—	0.0pp
EPS (Diluted)	$1.70	—	$1.40	—	21.4%
Free Cash Flow	$512M	—	$453M	—	13.0%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$750M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$233M
General & Administrative	$555M
SG&A Expenses	$788M
Other Expenses	$0
Operating Expenses	$788M
Cost & Expenses	$1.5B
OPERATING INCOME	$262M
Interest Income	$61M
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$327M
Income Tax Expense	$51M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$274M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$274M
D&A	$55M
EBIT	$331M
EBITDA	$386M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$750M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$233M
General & Administrative	$555M
SG&A Expenses	$788M
Other Expenses	$0
Operating Expenses	$788M
Cost & Expenses	$1.5B
OPERATING INCOME	$262M
Interest Income	$61M
Interest Expense	$0
Other Income/Expenses	$65M
INCOME BEFORE TAX	$327M
Income Tax Expense	$51M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$274M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$274M
D&A	$55M
EBIT	$331M
EBITDA	$386M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$277M
Depreciation & Amortization	$55M
Stock-Based Compensation	$20M
Deferred Income Tax	-$518.0K
Other Non-Cash Items	$2M
Change in Working Capital	$264M
OPERATING CASH FLOW	$618M
Capital Expenditure	-$106M
Acquisitions (Net)	-$908.0K
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$709M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$672M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	$512M
Net Change in Cash	-$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$641M
Short-Term Investments	$1.5B
Net Receivables	$3M
Inventory	$32M
Other Current Assets	$75M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$283M
Goodwill	$14M
Intangible Assets	$8M
Long-Term Investments	$217M
Tax Assets	$29M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$599M
TOTAL ASSETS	$2.9B
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$875M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2M
TOTAL LIABILITIES	$1.2B
Common Stock	$2M
Additional Paid-In Capital	$249M
Retained Earnings	$1.2B
Treasury Stock	-$7.0K
Accum. Other Comp. Income	$259M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$39M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$0
Net Debt	-$641M