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PARENT ONLY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2016
PARENT ONLY FINANCIAL INFORMATION [Abstract] |
PARENT ONLY FINANCIAL INFORMATION |
17 | PARENT ONLY FINANCIAL INFORMATION
The following presents condensed parent company financial information of Tarena International. Condensed Balance Sheets
|  | December 31, |
|  | 2015 |  | 2016 |
|  | RMB |  | RMB |
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash |  |  | 6,275 |  |  | 43,770 |
Time deposits |  |  | 397,388 |  |  | 242,795 |
Restricted time deposits |  |  | 150,000 |  |  | — |
Prepaid expenses and other current assets |  |  | 10,843 |  |  | 1,855 |
Total current assets |  |  | 564,506 |  |  | 288,420 |
Investments and loans to subsidiaries |  |  | 786,264 |  |  | 1,316,552 |
Total assets |  |  | 1,350,770 |  |  | 1,604,972 |
LIABILITIESAND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accrued expenses and other current liabilities |  |  | 6,522 |  |  | 3,409 |
Total current liabilities |  |  | 6,522 |  |  | 3,409 |
Other non-current liabilities |  |  | 5,634 |  |  | 3,343 |
Total liabilities |  |  | 12,156 |  |  | 6,752 |
Commitments and contingencies |  |  | — |  |  | — |
Shareholders’ equity: |  |  |  |  |  |  |
Class A ordinary shares (US$0.001 par value,860,000,000 shares authorized, 44,914,538 and 48,735,228 shares issued, 43,988,425 and 47,160,248 shares outstanding as of December 31, 2015 and 2016, respectively) |  |  | 276 |  |  | 302 |
Class B ordinary shares (US$0.001 par value, 40,000,000 shares authorized, 10,574,896 shares and 8,895,249 shares issued and outstanding as of December 31, 2015 and 2016, respectively) |  |  | 98 |  |  | 86 |
Treasury shares (926,113 and 1,574,980 class A ordinary shares as of December 31, 2015 and 2016, respectively, at cost) |  |  | (49,355) |  |  | (93,761) |
Additional paid-in capital |  |  | 907,018 |  |  | 995,216 |
Accumulated other comprehensive income |  |  | 30,232 |  |  | 58,204 |
Retained earnings |  |  | 450,345 |  |  | 638,173 |
Total shareholders’ equity |  |  | 1,338,614 |  |  | 1,598,220 |
Total liabilities and shareholders’ equity |  |  | 1,350,770 |  |  | 1,604,972 |
Condensed Statements of Comprehensive Income
|  | Year Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |
General and administrative expenses |  |  | (1,047) |  |  | (4,241) |  |  | (4,477) |
Operating loss |  |  | (1,047) |  |  | (4,241) |  |  | (4,477) |
Equity in income of subsidiaries |  |  | 129,811 |  |  | 194,914 |  |  | 253,396 |
Foreign currency exchange gains (loss) |  |  | 7,251 |  |  | (31,923) |  |  | (4,753) |
Interest income |  |  | 14,059 |  |  | 17,610 |  |  | 8,027 |
Loss on foreign currency forward contract |  |  | — |  |  | — |  |  | (12,898) |
Other income |  |  | 1,776 |  |  | 2,400 |  |  | 2,559 |
Income before income taxes |  |  | 151,850 |  |  | 178,760 |  |  | 241,854 |
Income tax expense |  |  | — |  |  | — |  |  | — |
Net income |  |  | 151,850 |  |  | 178,760 |  |  | 241,854 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment, net of nil income tax |  |  | (2,896) |  |  | 34,748 |  |  | 22,972 |
Unrealized holding gains on available for sale securities, net of RMB42 income taxes |  |  | — |  |  | — |  |  | 5,235 |
Less: reclassification adjustment for gains on available for sale securities realized in net income, net of RMB42 income taxes |  |  | — |  |  | — |  |  | (235) |
Comprehensive income |  |  | 148,954 |  |  | 213,508 |  |  | 269,826 |
Condensed Statements of Cash Flows
|  | Year Ended December 31, |
|  | 2014 |  | 2015 |  | 2016 |
|  | RMB |  | RMB |  | RMB |
Operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) operating activities |  |  | 19,036 |  |  | 9,770 |  |  | (10,272) |
Investing activities: |  |  |  |  |  |  |  |  |  |
Purchase of time deposits |  |  | (569,312) |  |  | (588,426) |  |  | (298,688) |
Proceeds from maturity of time deposits |  |  | 3,071 |  |  | 603,501 |  |  | 620,607 |
Investments made to subsidiaries |  |  | (104,662) |  |  | — |  |  | (198,137) |
Net cash provided by (used in) investing activities |  |  | (670,903) |  |  | 15,075 |  |  | 123,782 |
Financing activities: |  |  |  |  |  |  |  |  |  |
Advances from a related party |  |  | — |  |  | 1,432 |  |  | — |
Repayment of advances from a related party |  |  | — |  |  | (1,432) |  |  | — |
Issuance of Class A ordinary shares upon the IPO |  |  | 592,161 |  |  | — |  |  | — |
Issuance of Class A ordinary shares in private placement concurrent with the IPO |  |  | 83,052 |  |  | — |  |  | — |
Issuance of Class A ordinary shares in connection with exercise of share options |  |  | 1,518 |  |  | 22,456 |  |  | 20,388 |
Payment of dividends |  |  | — |  |  | — |  |  | (54,026) |
Repurchase of treasury shares |  |  | — |  |  | (49,355) |  |  | (44,406) |
Payment of IPO costs |  |  | (17,228) |  |  | — |  |  | — |
Net cash provided by (used in) financing activities |  |  | 659,503 |  |  | (26,899) |  |  | (78,044) |
Effect of foreign currency exchange rate changes on cash and cash equivalents |  |  | (27) |  |  | 398 |  |  | 2,029 |
Net increase (decrease) in cash and cash equivalents |  |  | 7,609 |  |  | (1,656) |  |  | 37,495 |
Cash and cash equivalents at beginning of year |  |  | 322 |  |  | 7,931 |  |  | 6,275 |
Cash and cash equivalents at end of year |  |  | 7,931 |  |  | 6,275 |  |  | 43,770 |
Non-cash investing and financing activities: |  |  |  |  |  |  |  |  |  |
Conversion of Series A convertible redeemable preferred shares to Class B ordinary shares |  |  | 3,648 |  |  | — |  |  | — |
Conversion of Series B convertible redeemable preferred shares to Class B ordinary shares |  |  | 107,994 |  |  | — |  |  | — |
Conversion of Series C convertible redeemable preferred shares to Class B ordinary shares |  |  | 592,849 |  |  | — |  |  | — |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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