EDU Q1 2018 Earnings Report — New Oriental Education & Technology Group Inc. Revenue & Financial Results | Market Cap Arena

New Oriental Education & Technology Group Inc.EDU

Q1 2018 Earnings

Reported October 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$661M	$486M	$534M	35.9%	23.8%
Op. Income	$161M	$52M	$153M	210.7%	5.6%
Gross Margin	59.1%	59.0%	61.9%	0.1pp	-2.8pp
Net Margin	24.0%	11.4%	26.4%	12.6pp	-2.5pp
EPS (Diluted)	$1.00	$0.35	$0.89	185.7%	12.4%
Free Cash Flow	$0	$0	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$661M
Cost of Revenue	$270M
GROSS PROFIT	$391M
R&D Expenses	$0
Selling & Marketing	$74M
General & Administrative	$156M
SG&A Expenses	$230M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$500M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$25M
INCOME BEFORE TAX	$186M
Income Tax Expense	$27M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$14M
EBIT	$161M
EBITDA	$175M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$661M
Cost of Revenue	$270M
GROSS PROFIT	$391M
R&D Expenses	$0
Selling & Marketing	$74M
General & Administrative	$156M
SG&A Expenses	$230M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$500M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$25M
INCOME BEFORE TAX	$186M
Income Tax Expense	$27M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$14M
EBIT	$161M
EBITDA	$175M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$0
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$162M
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	$839M
Short-Term Investments	$1.6B
Net Receivables	$6M
Inventory	$32M
Other Current Assets	$44.0K
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$334M
Goodwill	$18M
Intangible Assets	$8M
Long-Term Investments	$230M
Tax Assets	$24M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$662M
TOTAL ASSETS	$3.2B
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$930M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$1.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$1.8B
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$41M
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$0
Net Debt	-$839M