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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
Cash flows from operating activities      
Net loss $ (1,164,335) $ (143,050) $ (127,651)
Adjustments to reconcile net loss to net cash provided by / (used in) operating activities      
Depreciation of property and equipment 171,354 136,960 99,511
Amortization of intangible assets 13,905 24,030 15,677
Amortization of land use rights 4,600 4,345 2,804
Loss on disposal of property and equipment 23,139 1,427 934
Share-based compensation 174,832 204,945 117,943
Impairment loss on operating assets, intangible assets and goodwill 897,932 154,745 63,420
Impairment loss on long-term investments 275,872 24,563 153,970
Loss / (gain) from equity method investments (10,787) (11,676) 7,670
Loss / (gain) from fair value change of investments (7,028) (9,471) 104,239
Gain from remeasuring fair value of previously held equity interests upon business acquisitions   (3,855)  
Gain from disposal of long-term investments (10,021) (619) (25,002)
Loss from disposal of a subsidiary   966  
Dividend received from an equity-method investment 3,362    
Changes in operating assets and liabilities      
Inventory 5,115 (16,998) (18,333)
Amounts due from related parties (432) 748 (1,589)
Prepaid expenses and other current assets 268,619 (206,499) (24,981)
Income tax receivables (3,863) (4,093) (4,344)
Deferred income taxes 304,229 (242,401) (58,339)
Rental deposits 6,930 (29,203) (16,587)
Other non-current assets 11,085 (8,546) 256
Accounts payable (252,934) 229,003 693
Deferred revenue (1,229,766) 529,209 343,555
Amounts due to related parties (3,283) (866) 424
Accrued expenses and other current liabilities (386,349) 283,085 204,352
Income tax payable (15,881) 18,488 7,906
Operating lease right-of-use assets 1,318,663 (300,078) (218,829)
Operating lease liabilities (1,334,142) 319,573 228,151
Net cash provided by / (used in) operating activities (939,184) 954,732 855,850
Cash flows from investing activities      
Loan to third parties (557)   (13,590)
Repayment of loan to third parties   13,812  
Loan to related parties   (16,294) (31,681)
Repayment of loan to related parties     2,146
Loan to employees (2,404) (2,538) (2,373)
Repayment of loan to employees 6,711 4,659 5,486
Prepayment for investments (2,179) (5,515) (18,489)
Prepayments for purchase of land use rights     (6,780)
Purchase of property and equipment (246,297) (245,058) (178,071)
Purchase of intangible assets (122) (683) (3,213)
Purchase of short-term investments (1,344,543) (2,534,705) (546,747)
Proceeds from short-term investments 3,002,509 207,576 517,001
Proceeds from disposal of property and equipment 26,294 750 543
Business acquisitions, net of cash acquired   (11,902) (7,026)
Payments for long-term investments (137,732) (53,334) (117,508)
Proceeds from disposal of long-term investments 67,036 1,763 61,487
Net cash (used in) / provided by investing activities 1,368,716 (2,641,469) (338,815)
Cash flows from financing activities      
Net proceeds from long-term debt and short-term debt     270,000
Repayment of long-term debt and short-term debt (270,000) (3,518) (209,308)
Payments for purchasing noncontrolling interests (1,775)   (5,183)
Capital injection from noncontrolling interests shareholders     10
Cash received from exercise of capped call option     73,247
Proceeds from issuance of convertible bond (Note 13)   2,300,000  
Proceeds from private placement (Note 18)   2,500,000  
Proceeds from exercise of share options 1,373 8,183 2,490
Repayment of convertible bond (2,300,000)   (25)
Share repurchase (196,277) (9,852)  
Net cash provided by / (used in) financing activities (2,766,679) 4,794,813 131,231
Effect of exchange rate changes 949 (5,277) 3,218
Net increase / (decrease) in cash, cash equivalents and restricted cash (2,336,198) 3,102,799 651,484
Cash, cash equivalents and restricted cash at the beginning of year 5,017,984 1,915,185 1,263,701
Cash, cash equivalents and restricted cash at the end of year 2,681,786 5,017,984 1,915,185
Supplemental disclosure of cash flow information:      
Interest paid 9,425 8,380 6,707
Income tax paid 117,621 158,785 122,266
Non-cash investing and financing activities:      
Payable for purchase of property and equipment 49,403 43,732 24,145
Payable for purchase of intangible assets 756 866 1,436
Payable for investments and acquisitions $ 321 $ 312 404
Conversion of convertible bond to Class A common shares     $ 5,250