| May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 |
|---|---|---|---|---|---|---|---|---|
ASSETS | ||||||||
Current assets | ||||||||
Cash and cash equivalents | ||||||||
983 | 641 | 709 | 531 | 371 | 417 | 428 | 317 | 281 |
Restricted cash | ||||||||
0 | 0 | 0 | 0 | 0 | 1 | 3 | 3 | 0 |
Term deposits | ||||||||
107 | 195 | 86 | 69 | 98 | 50 | 50 | 152 | 137 |
Short-term investments | ||||||||
1,623 | 1,312 | 819 | 599 | 643 | 504 | 321 | 143 | - |
Accounts receivable, net of allowance of US$585 and US$485 as of May 31, 2017 and 2018, respectively | ||||||||
3 | 3 | 3 | 4 | 2 | 3 | 3 | 1 | 1 |
Inventory, net | ||||||||
40 | 31 | 27 | 23 | 22 | 22 | 20 | 18 | 17 |
Deferred tax assets | ||||||||
- | - | - | 17 | 12 | 9 | 7 | 5 | 2 |
Prepaid expenses and other current assets, net of allowance of US$595 and US$914 as of May 31, 2017 and 2018, respectively | ||||||||
182 | 119 | 99 | 97 | 78 | 59 | 60 | 33 | 22 |
Amounts due from related parties, current | ||||||||
1 | 5 | 4 | 3 | 4 | 2 | 0 | - | - |
Long-term investments due within one year | ||||||||
- | 16 | 118 | - | - | - | - | - | - |
Total current assets | ||||||||
2,941 | 2,326 | 1,869 | 1,348 | 1,233 | 1,070 | 895 | 675 | 463 |
Restricted cash, non-current | ||||||||
3 | 3 | 3 | 2 | 1 | - | - | - | - |
Property and equipment, net | ||||||||
449 | 282 | 237 | 231 | 225 | 247 | 204 | 160 | 118 |
Land use rights, net | ||||||||
3 | 3 | 3 | 4 | 4 | 4 | 3 | 3 | 3 |
Amounts due from related parties, non-current | ||||||||
2 | 1 | 1 | 1 | 0 | 0 | 1 | - | 0 |
Long-term deposits | ||||||||
40 | 24 | 14 | 15 | 12 | 12 | 12 | 7 | 3 |
Long-term prepaid rent | ||||||||
0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 |
Intangible assets, net | ||||||||
8 | 4 | 2 | 3 | 0 | 0 | 0 | 4 | 0 |
Goodwill, net | ||||||||
31 | 14 | 10 | 11 | 3 | 3 | 1 | 7 | 2 |
Long-term investments, net | ||||||||
433 | 217 | 178 | 325 | 117 | 8 | 2 | 0 | 0 |
Prepayment of an acquisition | ||||||||
- | - | - | - | - | - | 3 | - | - |
Deferred tax assets, non-current, net | ||||||||
43 | 28 | 24 | 5 | 2 | 3 | 1 | 0 | 1 |
Other non-current assets | ||||||||
19 | 17 | 6 | 1 | - | - | - | - | - |
Total assets | ||||||||
3,977 | 2,924 | 2,354 | 1,951 | 1,603 | 1,353 | 1,128 | 863 | 596 |
LIABILITIES, MEZZANINE EQUITY AND EQUITY | ||||||||
Current liabilities | ||||||||
Accounts payable (including accounts payable of the consolidated variable interest entities without recourse to the Company of US$24,138 and US$39,279 as of May 31, 2017 and 2018, respectively) | ||||||||
39 | 24 | 21 | 17 | 8 | 8 | 8 | 9 | 11 |
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated variable interest entities without recourse to the Company of US$238,864 and US$335,955 as of May 31, 2017 and 2018, respectively) | ||||||||
373 | 260 | 217 | 178 | 168 | 131 | 99 | 77 | 44 |
Income taxes payable (including income taxes payable of the consolidated variable interest entities without recourse to the Company of US$40,306 and US$54,844 as of May 31, 2017 and 2018, respectively) | ||||||||
67 | 51 | 32 | 25 | 17 | 16 | 10 | 7 | 5 |
Amounts due to related parties (including amounts due to related parties of the consolidated variable interest entities without recourse to the Company of US$48 and US$30 as of May 31, 2017 and 2018, respectively) | ||||||||
0 | 0 | 0 | 1 | 0 | 1 | 0 | - | 0 |
Deferred revenue (including deferred revenue of the consolidated variable interest entities without recourse to the Company of US$833,932 and US$1,244,748 as of May 31, 2017 and 2018, respectively) | ||||||||
1,270 | 866 | 646 | 501 | 380 | 332 | 269 | 194 | 107 |
Dividend payable (including dividend payable of the consolidated variable interest entity without recourse to the Company of nil and nil as of May 31, 2012 and 2013, respectively) | ||||||||
- | - | - | - | - | - | 50 | - | - |
Total current liabilities | ||||||||
1,750 | 1,202 | 918 | 725 | 576 | 489 | 438 | 288 | 168 |
Deferred tax liabilities, non-current (including deferred tax liabilities, non-current of the consolidated variable interest entities without recourse to the Company of US$2,174 and US$12,629 as of May 31, 2017 and 2018, respectively) | ||||||||
12 | 2 | 1 | 2 | 1 | 1 | 0 | 1 | 0 |
Acquisition payable (including acquisition payable of the consolidated variable interest entity without recourse to the Company of US$4,518 and nil as of May 31,2013 and 2014, respectively) | ||||||||
- | - | - | - | - | 4 | - | - | - |
Total liabilities | ||||||||
1,763 | 1,204 | 920 | 727 | 577 | 496 | 438 | 289 | 168 |
Commitments and contingencies (Note 21) | ||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Mezzanie Equity | ||||||||
Redeemable non-controllinginterests | ||||||||
206 | - | - | - | - | - | - | - | - |
Equity | ||||||||
Common shares (US$0.01 par value; 300,000,000 shares authorized as of May 31, 2017 and 2018; 158,379,387 shares issued as of May 31, 2017 and 2018; 157,687,444 and 158,319,910 shares outstanding as of May 31, 2017 and 2018, respectively) | ||||||||
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Treasury stock | ||||||||
0 | 0 | 0 | 0 | 0 | 0 | - | - | - |
Additional paid-in capital | ||||||||
129 | 249 | 223 | 141 | 174 | 164 | 161 | 186 | 164 |
Statutory reserves | ||||||||
263 | 219 | 184 | 153 | 129 | 107 | 85 | 16 | 13 |
Retained earnings | ||||||||
1,352 | 1,171 | 931 | 824 | 654 | 500 | 386 | 323 | 224 |
Accumulated other comprehensive income | ||||||||
244 | 39 | 62 | 99 | 65 | 82 | 55 | 46 | 23 |
Total New Oriental Education & Technology Group Inc. shareholders' equity | ||||||||
1,991 | 1,680 | 1,404 | 1,220 | 1,025 | 857 | 690 | 574 | 427 |
Non-controlling interests | ||||||||
16 | 39 | 30 | 3 | 0 | - | - | - | 0 |
Total equity | ||||||||
2,008 | 1,720 | 1,434 | 1,223 | 1,025 | - | - | - | 427 |
Total liabilities and equity | ||||||||
3,977 | 2,924 | 2,354 | 1,951 | 1,603 | 1,353 | 1,128 | 863 | 596 |