EDU FY 2024 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

FY 2024 Earnings

Reported September 25, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$4.3B	—	—	—	—
Op. Income	$350M	—	—	—	—
Gross Margin	52.5%	—	—	—	—
Net Margin	7.2%	—	—	—	—
EPS (Diluted)	$1.80	—	—	—	—
Free Cash Flow	$839M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$661M
General & Administrative	$1.3B
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$350M
Interest Income	$154M
Interest Expense	$298.0K
Other Income/Expenses	$84M
INCOME BEFORE TAX	$435M
Income Tax Expense	$110M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$310M
D&A	$107M
EBIT	$350M
EBITDA	$457M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$2.1B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$661M
General & Administrative	$1.3B
SG&A Expenses	$1.9B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$4.0B
OPERATING INCOME	$350M
Interest Income	$154M
Interest Expense	$298.0K
Other Income/Expenses	$84M
INCOME BEFORE TAX	$435M
Income Tax Expense	$110M
Net Income from Continuing Ops	$325M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$310M
D&A	$107M
EBIT	$350M
EBITDA	$457M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$310M
Depreciation & Amortization	$107M
Stock-Based Compensation	$122M
Deferred Income Tax	-$21M
Other Non-Cash Items	$86M
Change in Working Capital	$519M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$283M
Acquisitions (Net)	$0
Purchases of Investments	-$3.7B
Sales/Maturities of Investments	$2.8B
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$240.0K
Common Stock Repurchased	-$63M
Common Dividends Paid	$0
Other Financing Activities	-$97M
NET CASH FROM FINANCING	-$160M
FREE CASH FLOW	$839M
Net Change in Cash	-$216M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$3.4B
Net Receivables	$194M
Inventory	$93M
Other Current Assets	$190M
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$1.2B
Goodwill	$104M
Intangible Assets	$23M
Long-Term Investments	$525M
Tax Assets	$73M
Other Non-Current Assets	$256M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$7.5B
Account Payables	$106M
Short-Term Debt	$0
Deferred Revenue	$1.8B
Other Current Liabilities	$193M
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$14M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$482M
TOTAL LIABILITIES	$3.5B
Common Stock	$2M
Additional Paid-In Capital	$1.9B
Retained Earnings	$1.5B
Treasury Stock	-$55.0K
Accum. Other Comp. Income	$390M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$273M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$7.5B
Total Debt	$662M
Net Debt	-$727M