Overview Financials News + Filings Key Docs Charts Ownership
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New Oriental Education & Technology Group Inc. (EDU)
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| Income Statement |
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| Standardized | As Reported |
Annual | Quarterly | TTM |
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| In millions, except per share items | May-31-22 | May-31-21 | May-31-20 | May-31-19 | May-31-18 | May-31-17 | May-31-16 | May-31-15 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| Online Education | | | | 132.8 | | | | |
| Online Education and Other Services | 136.7 | 210.6 | 152.5 | | | | | |
| Overseas Study Consulting Services | 325.9 | 278.6 | 259.8 | | | | | |
| Educational services and test preparation courses | 2,535.3 | 3,667.3 | 3,040.7 | | | | | |
| Other | 107.3 | 120.1 | 125.6 | 2,963.6 | | | | |
| Total revenues | 3,105.2 | 4,276.5 | 3,578.7 | 3,096.5 | 2,447.4 | 1,799.5 | 1,478.3 | 1,246.8 |
| Revenue growth [+] | -27.4% | 19.5% | 15.6% | 26.5% | 36.0% | 21.7% | 18.6% | 9.5% |
| Online Education and Other Services | -35.1% | 38.1% | | | | | | |
| Overseas Study Consulting Services | 17.0% | 7.2% | | | | | | |
| Educational services and test preparation courses | -30.9% | 20.6% | | | | | | |
| Primary And Secondary Education | | | | | | | | 11.1% |
| Cost of goods sold | 1,809.0 | 2,039.0 | 1,593.9 | 1,380.2 | 1,065.7 | 749.6 | 614.4 | -526.3 |
| Gross profit | 1,296.3 | 2,237.6 | 1,984.8 | 1,716.3 | 1,381.7 | 1,049.9 | 864.0 | 1,773.1 |
| Gross margin | 41.7% | 52.3% | 55.5% | 55.4% | 56.5% | 58.3% | 58.4% | 142.2% |
| Selling, general and administrative [+] | 2,333.5 | 2,090.6 | 1,590.8 | 1,413.1 | 1,118.7 | 787.8 | 668.9 | 566.9 |
| Sales and marketing | 466.9 | 600.8 | 445.3 | 384.3 | 324.2 | 232.8 | 197.9 | 188.5 |
| General and administrative | 1,866.6 | 1,489.8 | 1,145.5 | 1,028.8 | 794.5 | 554.9 | 471.0 | 378.4 |
| Equity in earnings | -51.5 | -1.4 | 1.4 | -2.3 | -0.4 | -3.3 | -4.4 | -1.5 |
| Other operating expenses | -54.7 | -2.1 | -5.0 | -11.2 | | 0.0 | -7.5 | 1,052.6 |
| EBITDA [+] | -841.7 | 373.3 | 546.7 | 422.2 | 339.7 | 312.7 | 245.5 | 198.7 |
| EBITDA growth | -325.4% | -31.7% | 29.5% | 24.3% | 8.6% | 27.4% | 23.6% | -17.6% |
| EBITDA margin | -27.1% | 8.7% | 15.3% | 13.6% | 13.9% | 17.4% | 16.6% | 15.9% |
| Depreciation | 190.4 | 221.1 | 141.8 | 106.3 | 75.2 | 52.4 | 46.2 | 46.1 |
| EBITA | -1,032.0 | 152.2 | 404.9 | 315.8 | 264.4 | 260.3 | 199.3 | 152.6 |
| EBITA margin | -33.2% | 3.6% | 11.3% | 10.2% | 10.8% | 14.5% | 13.5% | 12.2% |
| Amortization of intangibles | 1.9 | 4.5 | 4.5 | 3.7 | 1.8 | 1.4 | 1.1 | 0.6 |
| EBIT [+] | -1,034.0 | 147.7 | 400.4 | 312.1 | 262.6 | 258.9 | 198.2 | 152.0 |
| EBIT growth | -800.1% | -63.1% | 28.3% | 18.9% | 1.4% | 30.6% | 30.4% | -23.1% |
| EBIT margin | -33.3% | 3.5% | 11.2% | 10.1% | 10.7% | 14.4% | 13.4% | 12.2% |
| Non-recurring items [+] | | 31.8 | | 8.9 | | | 3.8 | |
| Asset impairment | | 31.8 | | 5.2 | | | | |
| Loss (gain) on sale of business | | | | 3.6 | | | 3.8 | |
| Interest income, net [+] | 119.5 | 134.8 | 111.5 | 95.9 | 84.8 | 61.4 | 66.9 | 66.6 |
| Interest expense | 4.1 | 6.7 | 4.6 | 1.6 | | | | |
| Interest income | 123.5 | 141.5 | 116.1 | 97.5 | 84.8 | 61.4 | 66.9 | 66.6 |
| Other income (expense), net [+] | -118.0 | 64.3 | -24.0 | -83.3 | 9.6 | 10.4 | 6.0 | 1.9 |
| Impairment of investments | -129.4 | -40.2 | -31.8 | -5.9 | -1.0 | -2.3 | | |
| Other | -32.4 | -103.4 | -27.1 | | | | 1.6 | 0.3 |
| Pre-tax income | -1,032.5 | 315.0 | 487.8 | 315.8 | 357.0 | 330.7 | 267.3 | 220.5 |
| Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -26.2 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Minority interest | -32.6 | -104.4 | -58.5 | -10.2 | 1.1 | 2.3 | 0.4 | -0.3 |
| Net income | -1,187.7 | 334.4 | 413.3 | 238.1 | 296.1 | 274.5 | 224.9 | 193.0 |
| Net margin | -38.2% | 7.8% | 11.5% | 7.7% | 12.1% | 15.3% | 15.2% | 15.5% |
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| Basic EPS [+] | ($0.70) | $0.20 | $0.26 | $0.15 | $1.87 | $1.74 | $1.43 | $1.23 |
| Growth | -444.5% | -22.1% | 73.5% | -92.0% | 7.5% | 21.4% | 16.3% | -10.8% |
| Diluted EPS [+] | ($0.70) | $0.20 | $0.26 | $0.15 | $1.87 | $1.74 | $1.43 | $1.23 |
| Growth | -445.9% | -21.9% | 73.1% | -92.0% | 7.5% | 21.6% | 16.4% | -10.2% |
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| Dividends per share [+] | | | | | $0.45 | | $0.40 | |
| Growth | | | | -100.0% | | -100.0% | | -100.0% |
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| Shares outstanding (basic) [+] | 1,696.4 | 1,645.5 | 1,584.3 | 1,582.9 | 158.2 | 157.6 | 156.8 | 156.4 |
| Growth | 3.1% | 3.9% | 0.1% | 900.8% | 0.4% | 0.5% | 0.2% | 0.3% |
| Shares outstanding (diluted) [+] | 1,696.4 | 1,652.0 | 1,595.4 | 1,590.4 | 158.6 | 158.0 | 157.4 | 157.3 |
| Growth | 2.7% | 3.5% | 0.3% | 903.0% | 0.4% | 0.4% | 0.1% | -0.4% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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