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Below are the financial statements of TAL Education Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of TAL Education Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net revenues | 1,490.44a | 1,019.77a | 4,390.91a |
| Cost of revenues | -684.32a | -436.36a | -2,203.34a |
| Gross profit | 806.12a | 583.41a | 2,187.57a |
| Operating expenses | — | — | — |
| Selling and marketing | -461.85a | -283.04a | -1,118.14a |
| General and administrative | -429.95a | -413.79a | -1,199.71a |
| Impairment loss on intangible assets and goodwill | 0a | 0a | -505.05a |
| Total operating expenses | -891.8a | -696.83a | -2,822.9a |
| Government subsidies | 16.45a | 22.68a | 20.81a |
| Loss from operations | -69.23a | -90.73a | -614.52a |
| Interest income | 84.93a | 61.56a | 103.18a |
| Interest expense | 0a | 0a | -7.87a |
| Other income / (expense) | 48.77a | -82.42a | 16.95a |
| Gain from disposal of a subsidiary | 0a | 9.55a | 0a |
| Impairment loss on long-term investments | -46.98a | -7.69a | -275.87a |
| Loss / income before provision for income tax and income / (loss) from equity method investments | 17.48a | -109.72a | -778.13a |
| Income tax expense | -15.38a | -20.01a | -396.99a |
| Income / (loss) from equity method investments | -6.24a | -2.25a | 10.79a |
| Net loss | -4.14a | -131.98a | -1,164.34a |
| Add: Net loss / (income) attributable to noncontrolling interests shareholders | 0.57a | -3.63a | 28.22a |
| Net loss attributable to TAL Education Group’s shareholders | -3.57a | -135.61a | -1,136.12a |
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