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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2021
Cash flows from operating activities      
Net loss $ (131,978) $ (1,164,335) $ (143,050)
Adjustments to reconcile net loss to net cash provided by / (used in) operating activities      
Depreciation of property and equipment 35,289 171,354 136,960
Amortization of intangible assets 1,159 13,905 24,030
Amortization of land use rights 4,256 4,600 4,345
Loss on disposal of property and equipment 546 23,139 1,427
Share-based compensation 108,571 174,832 204,945
Impairment loss on intangible assets and goodwill and provision for reserves on operating assets 756 897,932 154,745
Impairment loss on long-term investments 7,687 275,872 24,563
(Gain) / loss from equity method investments 2,248 (10,787) (11,676)
(Gain) / loss from fair value change of investments 68,500 (7,028) (9,471)
Gain from remeasuring fair value of previously held equity interests upon business acquisitions     (3,855)
Gain from disposal of long-term investments (7,448) (10,021) (619)
Loss / (gain) from disposal of a subsidiary (9,550)   966
Dividend received from an equity-method investment   3,362  
Changes in operating assets and liabilities      
Inventory (20,431) 5,115 (16,998)
Amounts due from related parties 210 (432) 748
Prepaid expenses and other current assets (11,968) 268,619 (206,499)
Income tax receivables 14,434 (3,863) (4,093)
Deferred income taxes 400 304,229 (242,401)
Rental deposits 12,660 6,930 (29,203)
Other non-current assets (3,060) 11,085 (8,546)
Accounts payable (2,933) (252,934) 229,003
Deferred revenue 54,142 (1,229,766) 529,209
Amounts due to related parties (105) (3,283) (866)
Accrued expenses and other current liabilities (109,825) (402,230) 301,573
Operating lease right-of-use assets 76,420 1,318,663 (300,078)
Operating lease liabilities (82,622) (1,334,142) 319,573
Net cash provided by / (used in) operating activities 7,358 (939,184) 954,732
Cash flows from investing activities      
Loan to third parties (749) (557)  
Repayment of loan to third parties     13,812
Loan to related parties     (16,294)
Repayment of loan to related parties 2    
Loan to employees   (2,404) (2,538)
Repayment of loan to employees 1,522 6,711 4,659
Prepayment for investments (8,450) (2,179) (5,515)
Purchase of property and equipment (110,326) (246,297) (245,058)
Purchase of intangible assets   (122) (683)
Purchase of short-term investments (1,666,999) (1,344,543) (2,534,705)
Proceeds from short-term investments 1,622,068 3,002,509 207,576
Proceeds from disposal of property and equipment 19,988 26,294 750
Business acquisitions, net of cash acquired (250)   (11,902)
Payments for long-term investments (200,734) (137,732) (53,334)
Proceeds from disposal of long-term investments and a subsidiary 42,302 67,036 1,763
Net cash (used in) / provided by investing activities (301,626) 1,368,716 (2,641,469)
Cash flows from financing activities      
Repayment of long-term debt and short-term debt   (270,000) (3,518)
Payments for purchasing noncontrolling interests   (1,775)  
Proceeds from issuance of convertible bond     2,300,000
Proceeds from private placement     2,500,000
Proceeds from exercise of share options 184 1,373 8,183
Repayment of convertible bond   (2,300,000)  
Share repurchase (66,368) (196,277) (9,852)
Net cash provided by / (used in) financing activities (66,184) (2,766,679) 4,794,813
Effect of exchange rate changes (26,427) 949 (5,277)
Net increase / (decrease) in cash, cash equivalents and restricted cash (386,879) (2,336,198) 3,102,799
Cash, cash equivalents and restricted cash at the beginning of year 2,681,786 5,017,984 1,915,185
Cash, cash equivalents and restricted cash at the end of year 2,294,907 2,681,786 5,017,984
Supplemental disclosure of cash flow information:      
Interest paid   9,425 8,380
Income tax paid 5,569 117,621 158,785
Non-cash investing and financing activities:      
Payable for purchase of property and equipment 15,534 49,403 43,732
Payable for purchase of intangible assets   756 866
Payable for investments and acquisitions $ 292 $ 321 $ 312