Tal education group (TAL)
Balance Sheet / Yearly
Feb'18Feb'17Feb'16Feb'15Feb'14Feb'13Feb'12Feb'11
ASSETS
Current assets
Cash and cash equivalents

711,519

470,217

434,042

470,157

269,930

185,080

188,579

173,165

Term deposits

-

-

17,292

21,229

-

24,110

10,328

25,870

Restricted cash-current

6,266

2,732

1,083

606

325

2,270

-

-

Short-term investments

787,390

229,456

27,470

765

-

-

-

-

Amounts due from related parties-current

3,228

3,424

2,594

159

-

-

-

-

Available-for-sale securities

-

-

-

-

-

399

361

465

Inventory

5,271

2,823

600

544

181

410

223

117

Deferred tax assets-current

-

-

738

4,562

3,281

2,260

1,729

1,082

Income tax receivable

15,093

2,244

0

3,222

9,824

-

-

-

Prepaid expenses and other current assets

133,235

160,222

32,037

38,185

16,833

11,906

9,011

4,746

Total current assets

1,662,006

871,121

515,859

539,432

300,376

226,438

210,235

205,449

Restricted cash-non-current

9,910

5,660

3,881

3,773

2,546

-

-

-

Property and equipment, net

247,265

154,306

114,629

93,575

78,625

76,115

76,726

7,515

Deferred tax assets-non-current

17,361

16,188

6,654

1,708

555

538

490

668

Rental deposits

47,332

32,659

17,114

11,034

7,322

5,179

4,545

2,818

Intangible assets, net

43,504

37,966

15,194

3,687

2,535

1,724

183

656

Goodwill

291,382

267,162

87,022

12,330

7,509

555

548

662

Amounts due from related parties-non-current

-

-

1,342

319

-

-

-

-

Long-term investments

597,605

347,732

274,356

97,359

27,137

5,491

-

-

Long-term prepayments and other non-current assets

138,189

96,107

25,321

9,194

989

-

1,923

-

Total assets

3,054,559

1,828,905

1,061,379

772,414

427,598

316,041

294,652

217,770

LIABILITIES AND EQUITY
Current liabilities
Accounts payable (including accounts payable of the consolidated VIEs without recourse to TAL Education Group of $20,905,226 and $51,809,468 as of February 28, 2017 and February 28, 2018, respectively)

57,605

22,637

10,404

4,705

2,349

2,009

2,863

911

Deferred revenue-current (including deferred revenue-current of the consolidated VIEs without recourse to TAL Education Group of $465,944,822 and $772,642,292 as of February 28, 2017 and February 28, 2018, respectively)

824,276

504,147

280,934

177,639

132,401

102,513

85,594

50,678

Amounts due to related parties-current (including amounts due to related parties-current of the consolidated VIEs without recourse to TAL Education Group of $192,785 and $2,875,186 as of February 28, 2017 and February 28, 2018, respectively)

8,745

3,042

4,277

22

-

-

-

79

Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to TAL Education Group of $90,834,954 and $158,848,576 as of February 28, 2017 and February 28, 2018, respectively)

229,122

116,830

70,267

43,988

27,423

17,196

15,284

8,053

Income tax payable (including income tax payable of the consolidated VIEs without recourse to TAL Education Group of $15,204,900 and $12,106,200 as of February 28, 2017 and February 28, 2018, respectively)

13,637

20,483

17,187

6,136

4,519

2,778

637

2,877

Deferred tax liabilities-current (including deferred tax liabilities-current of the consolidated VIEs without recourse to TAL Education Group of $57,230 and $nil as of February 29, 2016 and February 28, 2017, respectively)

-

-

91

62

62

-

-

-

Total current liabilities

1,133,387

667,140

383,163

232,555

166,756

124,497

104,379

62,601

Deferred revenue-non-current (including deferred revenue-non-current of the consolidated VIEs without recourse to TAL Education Group of $14,726,473 and $17,980,379 as of February 28, 2017 and February 28, 2018, respectively)

17,980

14,726

8,346

0

-

-

-

-

Amounts due to related parties-non-current (including amounts due to related parties-non-current of the consolidated VIEs without recourse to TAL Education Group of $nil and $nil as of February 28, 2017 and February 28, 2018, respectively)

270

2,840

0

-

-

-

-

-

Deferred tax liabilities-non-current (including deferred tax liabilities-non-current of the consolidated VIEs without recourse to TAL Education Group of $13,063,488 and $19,866,503 as of February 28, 2017 and February 28, 2018, respectively)

20,039

13,185

1,304

226

32

98

156

117

Bond payable (including bond payable of the consolidated VIEs without recourse to TAL Education Group of $nil and $nil as of February 28, 2017 and February 28, 2018, respectively)

11,075

225,148

227,827

226,062

-

-

-

-

Long-term payable (including long-term payable of the consolidated VIEs without recourse to TAL Education Group of $nil and $4,660,240 as of February 28, 2017 and February 28, 2018, respectively)

6,343

0

-

-

813

-

-

-

Long-term debt (including long-term debt of the consolidated VIEs without recourse to TAL Education Group of $nil and $nil as of February 28, 2017 and February 28, 2018, respectively)

225,000

225,000

0

-

-

-

-

-

Total liabilities

1,414,095

1,148,041

620,641

458,843

167,602

124,596

104,535

62,718

Commitments and contingencies (Note 20)

0

0

0

0

0

-

0

0

Equity
Additional paid-in capital

884,716

141,968

108,404

82,479

92,664

86,016

119,769

112,055

Statutory reserve

38,315

28,407

22,981

18,961

15,015

12,291

10,502

8,240

Retained earnings

565,201

417,835

306,381

207,522

144,311

86,430

54,779

32,727

Accumulated other comprehensive income

132,324

55,869

-949

4,168

7,846

6,550

4,910

1,874

Total TAL Education Group's equity

1,620,747

644,244

436,979

313,292

259,996

191,445

190,117

155,051

Noncontrolling interest

19,715

36,619

3,757

278

-

-

-

-

Total equity

1,640,463

680,864

440,737

313,570

259,996

-

-

-

Total liabilities and equity

3,054,559

1,828,905

1,061,379

772,414

427,598

316,041

294,652

217,770