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Condensed Financial Information Of Parent Company | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company | ADDITIONAL INFORMATION—FINA NCIAL STATEMENT SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY BALANCE SHEETS (Amounts in thousands, except for share and per share data)
|  | As of December 31, |
|  | 2021 |  |  | 2022 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | US$ |
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 499,863 |  |  |  | 496,184 |  |  |  | 71,940 |
Prepaid expenses and other current assets |  |  | 5,922 |  |  |  | 8,805 |  |  |  | 1,277 |
Amounts due from subsidiaries |  |  | 1,430,792 |  |  |  | 1,383,654 |  |  |  | 200,611 |
Total current assets |  |  | 1,936,577 |  |  |  | 1,888,643 |  |  |  | 273,828 |
Non-current assets |  |  |  |  |  |  |  |  |
Long-term investments |  |  | — |  |  |  | 12,622 |  |  |  | 1,830 |
Other non-current assets |  |  | 25,316 |  |  |  | 25,424 |  |  |  | 3,686 |
Total non-current assets |  |  | 25,316 |  |  |  | 38,046 |  |  |  | 5,516 |
TOTAL ASSETS |  |  | 1,961,893 |  |  |  | 1,926,689 |  |  |  | 279,344 |
LIABILITIES AND SHAREHOLDERS’ DEFICIT |  |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Accrued expenses and other current liabilities |  |  | 23,216 |  |  |  | 46,709 |  |  |  | 6,773 |
Total current liabilities |  |  | 23,216 |  |  |  | 46,709 |  |  |  | 6,773 |
Non-current liabilities |  |  |  |  |  |  |  |  |
Deficits of investments in subsidiaries, VIEs and VIEs' subsidiaries |  |  | 2,943,976 |  |  |  | 2,254,467 |  |  |  | 326,867 |
Other non-current liabilities |  |  | 3,927 |  |  |  | — |  |  |  | — |
Total non-current liabilities |  |  | 2,947,903 |  |  |  | 2,254,467 |  |  |  | 326,867 |
TOTAL LIABILITIES |  |  | 2,971,119 |  |  |  | 2,301,176 |  |  |  | 333,640 |
SHAREHOLDERS’ DEFICIT |  |  |  |  |  |  |  |  |
Class A ordinary shares (par value of US$0.00005, 796,062,195 shares authorized; 2,085,939 and 2,982,516 shares issued as of December 31, 2021 and 2022, respectively; 1,839,553 and 2,618,698 shares outstanding as of December 31, 2021 and 2022, respectively) |  |  | 1 |  |  |  | 1 |  |  |  | — |
Class B ordinary shares (par value of US$0.00005, 826,389 shares authorized; 826,389 and 826,389 shares issued and outstanding as of December 31, 2021 and 2022, respectively) |  |  | — |  |  |  | — |  |  |  | — |
Class C ordinary shares (par value of US$0.00005, 203,111,416 shares authorized; 4,002,930 and 3,481,353 shares issued and outstanding as of December 31, 2021 and 2022, respectively) |  |  | 1 |  |  |  | 1 |  |  |  | — |
Treasury stock |  |  | — |  |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 2,364,313 |  |  |  | 2,309,740 |  |  |  | 334,881 |
Accumulated other comprehensive income |  |  | 82,532 |  |  |  | 127,885 |  |  |  | 18,541 |
Accumulated deficit |  |  | (3,456,073 | ) |  |  | (2,812,114 | ) |  |  | (407,718 | )
TOTAL SHAREHOLDERS’ DEFICIT |  |  | (1,009,226 | ) |  |  | (374,487 | ) |  |  | (54,296 | )
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT |  |  | 1,961,893 |  |  |  | 1,926,689 |  |  |  | 279,344 |
ADDITIONAL INFORMATION—FINANCIAL STATEMENT SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF OPERATIONS (Amounts in thousands)
|  | Years ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Cost of revenues |  |  | (163 | ) |  |  | (101 | ) |  |  | (33 | ) |  |  | (5 | )
Gross profit |  |  | (163 | ) |  |  | (101 | ) |  |  | (33 | ) |  |  | (5 | )
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Sales and marketing expenses |  |  | (14,278 | ) |  |  | 14 |  |  |  | (4,166 | ) |  |  | (604 | )
General and administrative expenses |  |  | (61,500 | ) |  |  | (58,477 | ) |  |  | (41,269 | ) |  |  | (5,983 | )
Total operating expenses |  |  | (75,778 | ) |  |  | (58,463 | ) |  |  | (45,435 | ) |  |  | (6,587 | )
Loss from operations |  |  | (75,941 | ) |  |  | (58,564 | ) |  |  | (45,468 | ) |  |  | (6,592 | )
Interest income |  |  | 14,880 |  |  |  | 5,349 |  |  |  | 8,764 |  |  |  | 1,271 |
Other income, net |  |  | — |  |  |  | 8 |  |  |  | (2,202 | ) |  |  | (319 | )
Loss before income tax expenses |  |  | (61,061 | ) |  |  | (53,207 | ) |  |  | (38,906 | ) |  |  | (5,640 | )
Income tax expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
(Loss)/income from investment in subsidiaries |  |  | (369,481 | ) |  |  | 272,263 |  |  |  | 682,865 |  |  |  | 99,008 |
Net (loss)/income |  |  | (430,542 | ) |  |  | 219,056 |  |  |  | 643,959 |  |  |  | 93,368 |
ADDITIONAL INFORMATION—FINANCIAL STATEMENT SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (Amounts in thousands)
|  | Years ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net (loss)/income |  |  | (430,542 | ) |  |  | 219,056 |  |  |  | 643,959 |  |  |  | 93,368 |
Other comprehensive (loss)/income, net of tax effect of nil: |  |  |  |  |  |  |  |  |  |  |  |
Change in cumulative foreign currency translation adjustments |  |  | (45,945 | ) |  |  | (13,958 | ) |  |  | 45,353 |  |  |  | 6,576 |
Total comprehensive (loss)/income |  |  | (476,487 | ) |  |  | 205,098 |  |  |  | 689,312 |  |  |  | 99,944 |
ADDITIONAL INFORMATION—FINANCIAL STATEMENT SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY STATEMENTS OF CASH FLOWS (Amounts in thousands)
|  | Years ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
Net cash used in operating activities |  |  | (427,279 | ) |  |  | (37,609 | ) |  |  | (53,792 | ) |  |  | (7,799 | )
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Purchase of short-term investments |  |  | (120,107 | ) |  | — |  |  | — |  |  | — |
Purchase of long-term investments |  |  | — |  |  |  | — |  |  |  | (13,013 | ) |  |  | (1,887 | )
Proceeds from maturity of short-term investments |  |  | 120,107 |  |  | — |  |  | — |  |  | — |
Amounts due from subsidiaries |  |  | — |  |  |  | (69,529 | ) |  |  | 47,138 |  |  |  | 6,834 |
Loan to employees |  |  | — |  |  |  | (2,204 | ) |  |  | — |  |  |  | — |
Repayment of loan to employees |  |  | 563 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash generated from/(used in) investing activities |  |  | 563 |  |  |  | (71,733 | ) |  |  | 34,125 |  |  |  | 4,947 |
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Share repurchase |  |  | (26,579 | ) |  |  | (4,866 | ) |  |  | (6,742 | ) |  |  | (977 | )
Proceeds from exercise of share options |  |  | — |  |  |  | — |  |  |  | 10,047 |  |  |  | 1,457 |
Payment for cash dividend |  |  | — |  |  |  | — |  |  |  | (32,562 | ) |  |  | (4,721 | )
Net cash used in financing activities |  |  | (26,579 | ) |  |  | (4,866 | ) |  |  | (29,257 | ) |  |  | (4,241 | )
Effect of exchange rate changes |  |  | (44,317 | ) |  |  | (13,365 | ) |  |  | 45,245 |  |  |  | 6,560 |
Net decrease in cash and cash equivalents |  |  | (497,612 | ) |  |  | (127,573 | ) |  |  | (3,679 | ) |  |  | (533 | )
Cash and cash equivalents at beginning of the year |  |  | 1,125,048 |  |  |  | 627,436 |  |  |  | 499,863 |  |  |  | 72,473 |
Cash and cash equivalents at end of the year |  |  | 627,436 |  |  |  | 499,863 |  |  |  | 496,184 |  |  |  | 71,940 |
ADDITIONAL INFORMATION—FINANCIAL STATEMENT SCHEDULE I CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY NOTES TO FINANCIAL STATEMENTS (Amounts in thousands, except for share and per share data) 1. BASIS FOR PREPARATION The condensed financial information of Sunlands Technology Group has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries, the VIEs and VIEs' subsidiaries. 2. INVESTMENTS IN SUBSIDIARIES AND VIES AND VIES' SUBSIDIARIES The Company, its subsidiaries, the VIEs and the VIEs’ subsidiaries were included in the consolidated financial statements where the inter-company balances and transactions were eliminated upon consolidation. For purpose of the Company’s stand-alone financial statements, its investments in subsidiaries, the VIEs and the VIEs’ subsidiaries were reported using the equity method of accounting. The Company’s share of loss/income from its subsidiaries, the VIEs and the VIEs’ subsidiaries were reported as equity in earnings of its subsidiaries, the VIEs and the VIEs’ subsidiaries in the condensed statements of operations. 3. CONVENIENCE TRANSLATION The Group’s business is primarily conducted in China and all of the revenues are denominated in RMB. However, periodic reports made to shareholders will include current period amounts translated into U S dollars using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the balance sheet, and the related statement of operations and cash flows from Renminbi (“RMB”) into U S dollars as of and for the year ended December 31, 2022 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB 6.8972, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 30, 2022. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 30, 2022, or at any other rate.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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