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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 29, 2024
Feb. 28, 2023
Current assets    
Cash and cash equivalents $ 2,208,756 $ 2,021,927
Restricted cash-current 167,656 126,891
Short-term investments 1,094,593 1,149,607
Inventory 68,328 39,002
Amounts due from related parties-current 343 423
Income tax receivables   5,071
Prepaid expenses and other current assets 159,498 125,486
Total current assets 3,699,174 3,468,407
Restricted cash-non-current 81,064 146,089
Property and equipment, net 405,319 288,877
Deferred tax assets 4,620 5,973
Rental deposits 16,947 12,734
Intangible assets, net 1,988 485
Land use rights, net 189,049 193,878
Long-term investments (including available-for-sale investments of $106,387 and $151,263 as of February 28, 2023 and February 29, 2024, respectively) 284,266 453,375
Amounts due from related parties-non-current 59  
Long-term prepayments and other non-current assets 14,359 5,534
Operating lease right-of-use assets 231,104 149,002
Total assets 4,927,949 4,724,354
Current liabilities    
Accounts payable (including accounts payable of the consolidated VIEs without recourse to TAL Education Group of $53,194 and $89,375 as of February 28,2023 and February 29,2024, respectively) 127,321 59,991
Deferred revenue-current (including deferred revenue-current of the consolidated VIEs without recourse to TAL Education Group of $213,239 and $350,887 as of February 28, 2023 and February 29,2024, respectively) 400,286 234,889
Amounts due to related parties-current (including amounts due to related parties-current of the consolidated VIEs without recourse to TAL Education Group of $98 and $95 as of February 28, 2023 and February 29,2024, respectively) 96 100
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to TAL Education Group of $360,500 and $394,250 as of February 28, 2023 and February 29, 2024, respectively)) 491,911 446,711
Operating lease liabilities, current portion (including operating lease liabilities, current portion of the consolidated VIEs without recourse to TAL Education Group of $36,062 and $56,900 as of February 28, 2023 and February 29, 2024, respectively) 62,604 42,174
Total current liabilities 1,082,218 783,865
Deferred revenue-non-current (including deferred revenue-non-current of the consolidated VIEs without recourse to TAL Education Group of $887 and $18,862 as of February 28, 2023 and February 29, 2024, respectively) 27,993 2,465
Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to TAL Education Group of $1,500 and $2,302 as of February 28, 2023 and February 29, 2024, respectively) 2,360 1,563
Operating lease liabilities, non-current portion (including operating lease liabilities, non-current portion of the consolidated VIEs without recourse to TAL Education Group of $110,420 and $166,985 as of February 28, 2023 and February 29, 2024, respectively) 176,614 115,548
Total liabilities 1,289,185 903,441
Commitments and contingencies (Note 17)
Equity    
Treasury stock   (6)
Additional paid-in capital 4,256,957 4,400,656
Statutory reserve 165,138 160,353
Accumulated deficit (694,270) (685,912)
Accumulated other comprehensive loss (65,928) (30,666)
Total TAL Education Group shareholders' equity 3,662,098 3,844,643
Noncontrolling interests (23,334) (23,730)
Total equity 3,638,764 3,820,913
Total liabilities and equity 4,927,949 4,724,354
Class A common shares    
Equity    
Common shares 152 169
Class B common shares    
Equity    
Common shares $ 49 $ 49