EDU Q1 2017 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

Q1 2017 Earnings

Reported October 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$534M	$395M	—	35.3%	—
Op. Income	$153M	$37M	—	311.4%	—
Gross Margin	61.9%	58.6%	—	3.3pp	—
Net Margin	26.4%	10.6%	—	15.8pp	—
EPS (Diluted)	$0.89	$0.27	—	229.6%	—
Free Cash Flow	$0	$0	—	—	—

Revenue Flow

Item	Amount
REVENUE	$534M
Cost of Revenue	$203M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$120M
SG&A Expenses	$178M
Other Expenses	$0
Operating Expenses	$178M
Cost & Expenses	$381M
OPERATING INCOME	$153M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$14M
INCOME BEFORE TAX	$167M
Income Tax Expense	$23M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$12M
EBIT	$153M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$534M
Cost of Revenue	$203M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$58M
General & Administrative	$120M
SG&A Expenses	$178M
Other Expenses	$0
Operating Expenses	$178M
Cost & Expenses	$381M
OPERATING INCOME	$153M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$14M
INCOME BEFORE TAX	$167M
Income Tax Expense	$23M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$12M
EBIT	$153M
EBITDA	$165M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$141M
Depreciation & Amortization	$0
Stock-Based Compensation	$881.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$142M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$591M
Short-Term Investments	$1.3B
Net Receivables	$9M
Inventory	$29M
Other Current Assets	$965.0K
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$251M
Goodwill	$10M
Intangible Assets	$6M
Long-Term Investments	$199M
Tax Assets	$15M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$504M
TOTAL ASSETS	$2.5B
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$657M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$940M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2M
TOTAL LIABILITIES	$941M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1.5B
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$34M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$0
Net Debt	-$591M