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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Feb. 28, 2022
USD ($)
Feb. 28, 2021
USD ($)
Current assets    
Cash and cash equivalents $ 1,638,189 $ 3,242,953
Restricted cash-current 755,646 1,758,937
Short-term investments 1,070,535 2,694,555
Inventory 21,830 38,675
Amounts due from related parties-current 919 2,964
Income tax receivables 19,504 15,641
Prepaid expenses and other current assets 122,753 403,110
Total current assets 3,629,376 8,156,835
Restricted cash-non-current 287,951 16,094
Property and equipment, net 281,226 511,415
Deferred tax assets 6,747 317,189
Rental deposits 10,770 102,555
Intangible assets, net 1,696 66,041
Land use rights, net 217,708 216,702
Goodwill   454,413
Long-term investments 414,487 667,636
Amounts due from related parties-non-current 77  
Long-term prepayments and other non-current assets 5,418 57,694
Operating lease right-of-use assets 227,072 1,545,735
Total assets 5,082,528 12,112,309
Current liabilities    
Accounts payable (including accounts payable of the consolidated VIEs without recourse to TAL Education Group of $334,579 and $84,188 as of February 28, 2021 and 2022, respectively) 89,838 353,778
Deferred revenue-current (including deferred revenue-current of the consolidated VIEs without recourse to TAL Education Group of $1,328,473 and $182,337 as of February 28, 2021 and 2022, respectively) 187,718 1,387,493
Amounts due to related parties-current (including amounts due to related parties-current of the consolidated VIEs without recourse to TAL Education Group of $3,396 and $173 as of February 28, 2021 and 2022, respectively) 205 3,488
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to TAL Education Group of $750,204 and $409,924 as of February 28, 2021 and 2022, respectively) 509,461 911,283
Income tax payable (including income tax payable of the consolidated VIEs without recourse to TAL Education Group of $51,037 and $35,158 as of February 28, 2021 and 2022, respectively) 49,257 65,138
Current portion of long-term debt (including current portion of long-term debt of the consolidated VIEs without recourse to TAL Education Group of nil and nil as of February 28, 2021 and 2022, respectively)   270,000
Operating lease liabilities, current portion (including operating lease liabilities, current portion of the consolidated VIEs without recourse to TAL Education Group of $349,547 and $53,608 as of February 28, 2021 and 2022, respectively) 66,105 382,671
Total current liabilities 902,584 3,373,851
Deferred revenue-non-current (including deferred revenue-non-current of the consolidated VIEs without recourse to TAL Education Group of $30,005 and $14 as of February 28, 2021 and 2022, respectively) 14 30,005
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to TAL Education Group of $10,109 and $992 as of February 28, 2021 and 2022, respectively) 1,680 10,333
Bond payable (including bond payable of the consolidated VIEs without recourse to TAL Education Group of nil and nil as of February 28, 2021 and 2022, respectively)   2,300,000
Operating lease liabilities, non-current portion (including operating lease liabilities, non-current portion of the consolidated VIEs without recourse to TAL Education Group of $1,123,508 and $163,163 as of February 28, 2021 and 2022, respectively) 175,988 1,193,564
Total liabilities 1,080,266 6,907,753
Commitments and contingencies (Note 21)
Mezzanine equity    
Redeemable noncontrolling interests   1,775
Equity    
Additional paid-in capital 4,358,265 4,369,125
Statutory reserve 154,362 121,285
Retained earnings/(accumulated deficit) (544,309) 624,883
Accumulated other comprehensive income 61,617 86,321
Total TAL Education Group shareholders' equity 4,030,151 5,201,829
Noncontrolling interests (27,889) 952
Total equity 4,002,262 5,202,781
Total liabilities, mezzanine equity and equity 5,082,528 12,112,309
Common Class A    
Equity    
Common shares 167 148
Common Class B    
Equity    
Common shares $ 49 $ 67