Tal education group (TAL)
Income statement / Yearly
Feb'18Feb'17Feb'16Feb'15Feb'14Feb'13Feb'12Feb'11Feb'10
Net revenues

1,715,015

1,043,099

619,948

433,969

313,895

225,931

177,519

110,588

69,288

Cost of revenues

882,316

522,326

303,634

203,073

151,543

115,748

95,587

56,142

37,433

Gross profit

832,699

520,772

316,313

230,895

162,352

110,182

81,932

54,445

31,854

Operating expenses
Selling and marketing

242,101

126,005

73,567

53,881

35,761

27,673

23,166

9,934

5,591

General and administrative

386,287

263,286

161,021

110,230

70,299

51,125

37,814

19,085

10,853

Impairment loss on long-term prepayment

-

-

-

-

-

594

-

-

-

Impairment loss on intangible assets

357

0

0

-

-

-

139

-

-

Total operating expenses

628,746

389,292

234,589

164,111

106,060

79,393

61,120

29,019

16,444

Government subsidies

4,650

3,113

3,327

464

1,104

632

213

148

-

Income from operations

208,603

134,594

85,051

67,248

57,395

31,421

21,024

25,574

15,409

Interest income

39,838

18,133

17,732

16,613

9,438

5,343

3,499

1,346

323

Interest expense

16,640

13,144

7,499

5,811

0

-

-

59

40

Other (expense)/income

17,405

23,072

-2,522

-2,010

398

776

4,180

1

-124

Gain from disposal of components

0

0

50,377

0

0

-

-

-

-

Gain from fair value change of long-term investments

0

0

1,265

1,202

0

-

-

-

-

Gain from sales of available-for-sale securities (includes $39,719, $nil and $nil accumulated other comprehensive income reclassifications for unrealized gains on available-for-sale securities for years ended February 28, 2014, 2015 and February 29, 2016, respectively)

-

-

-

-

52

-

-

6

-

Gain on extinguishment of liabilities

-

-

-

-

-

-

-

134

-

Impairment loss on long-term investments

2,212

8,074

7,503

0

0

-

235

-

-

Income before provision for income tax and loss from equity method investments

246,993

154,580

136,902

77,242

67,285

37,541

28,470

27,003

15,568

Provision for income tax

44,653

34,065

33,482

9,368

6,679

4,101

4,156

2,628

1,364

Loss from equity method investments

-7,677

-8,025

-663

-729

0

-

-

-

-

Net income

194,662

112,489

102,756

67,144

60,605

33,440

-

24,375

14,203

Add: Net loss attributable to noncontrolling interest

-3,777

-4,390

-122

-12

0

-

-

-

-

Net loss from discontinued operations, net of tax effects of $81,391, $nil and $nil for years ended February 28, 2011, February 29, 2012 and February 28, 2013, respectively

-

-

-

-

-

-

-

-334

41

Net income attributable to TAL Education Group's shareholders

198,439

116,880

102,878

67,156

60,605

-

24,313

24,041

14,244

Net income attributable to TAL Education Group shareholders

-

-

-

-

-

33,440

24,313

24,041

14,244

Net income per common share
Basic from continuing operations (in dollars per share)

-

-

-

-

-

-

-

0.18

0.11

Basic from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.00

0.00

Basic

1.13

0.72

0.64

0.42

0.39

0.21

0.16

0.18

0.11

Diluted from continuing operations (in dollars per share)

-

-

-

-

-

-

-

0.18

0.11

Diluted from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

0.00

0.00

Diluted

1.03

0.66

0.60

0.41

0.38

0.21

0.16

0.18

0.11

Weighted average shares used in calculating net income per common share
Basic

174,979

162,548

160,109

158,381

156,726

155,607

154,000

131,911

120,000

Diluted

194,331

188,508

183,056

163,589

159,444

156,631

155,874

136,445

125,000