TAL Education Group cash flow statement TAL
In fiscal 2026, which ended Feb 28, 2026, TAL Education Group generated $601.5 million of cash from operations, up 51.2% from the year before. It spent $93.2 million on capital expenditures. That left free cash flow of $508.3 million. The company returned $644.1 million in share buybacks to shareholders.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2026
Feb 28, 2026
|
FY 2025
Feb 28, 2025
|
FY 2024
Feb 29, 2024
|
FY 2023
Feb 28, 2023
|
FY 2022
Feb 28, 2022
|
FY 2021
Feb 28, 2021
|
FY 2020
Feb 29, 2020
|
FY 2019
Feb 28, 2019
|
FY 2018
Feb 28, 2018
|
FY 2017
Feb 28, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Operating | ||||||||||
| Depreciation and amortization |
69
+49.9%
|
46
+92.7%
|
24
-32.7%
|
35
-79.4%
|
171
+25.1%
|
137
+37.6%
|
100
+29.8%
|
77
+50.6%
|
51
+75.9%
|
29
+59.4%
|
| Stock-based compensation |
43
-33.6%
|
65
-27.0%
|
89
-18.1%
|
109
-37.9%
|
175
-14.7%
|
205
+73.8%
|
118
+52.6%
|
77
+63.9%
|
47
+30.6%
|
36
+39.7%
|
| Operating cash flow |
601
+51.2%
|
398
+30.0%
|
306
+4061.1%
|
7
+100.8%
|
-939
-198.4%
|
955
+11.6%
|
856
+340.3%
|
194
-71.6%
|
685
|
—
|
| Investing | ||||||||||
| Capital expenditures |
93
-16.6%
|
112
-0.9%
|
113
+2.2%
|
110
-55.2%
|
246
+0.5%
|
245
+37.6%
|
178
+28.7%
|
138
+9.5%
|
126
+77.7%
|
71
+102.7%
|
| Investing cash flow |
-176
+79.3%
|
-847
-991.0%
|
95
+131.5%
|
-302
-122.0%
|
1,369
+151.8%
|
-2,641
-679.6%
|
-339
-103.4%
|
-167
+80.0%
|
-833
|
—
|
| Financing | ||||||||||
| Debt issued |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
0
-100.0%
|
238
|
| Debt repaid |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
205
|
0
-100.0%
|
25
|
| Short-term debt issued |
—
|
55
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Dividends paid |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
0
|
41
|
—
|
| Stock buybacks |
644
+4799.1%
|
13
-94.4%
|
234
+251.9%
|
66
-66.2%
|
196
+1892.3%
|
10
|
—
|
—
|
—
|
—
|
| Financing cash flow |
-644
-4787.3%
|
-13
+94.4%
|
-233
-252.2%
|
-66
+97.6%
|
-2,767
-157.7%
|
4,795
+3553.7%
|
131
-72.4%
|
475
+10.9%
|
428
+115.9%
|
198
+30596.6%
|
| Change in cash | ||||||||||
| Effect of exchange rate |
—
|
—
|
—
|
—
|
1
+118.0%
|
-5
-264.0%
|
3
-90.3%
|
33
+204.5%
|
-32
-831.0%
|
-3
+62.6%
|
| Net change in cash |
-206
+55.8%
|
-466
-386.5%
|
163
+142.0%
|
-387
+83.4%
|
-2,336
-175.3%
|
3,103
+376.3%
|
651
|
—
|
—
|
—
|
| Free cash flow |
508
+77.6%
|
286
+48.0%
|
193
+287.9%
|
-103
+91.3%
|
-1,185
-267.0%
|
710
+4.7%
|
678
+1111.3%
|
56
-90.0%
|
559
|
—
|
| Per share | ||||||||||
| Free cash flow per share |
2.63
+88.9%
|
1.39
+46.6%
|
0.95
+296.4%
|
-0.48
+91.2%
|
-5.52
-258.3%
|
3.49
+1.9%
|
3.42
+1123.8%
|
0.28
-90.3%
|
2.88
|
—
|
| Shareholder returns | ||||||||||
| Returned to shareholders |
644
|
13
|
234
|
66
|
196
|
10
|
—
|
0
|
41
|
—
|
| Share of free cash flow |
126.72%
|
4.59%
|
120.74%
|
—
|
—
|
1.39%
|
—
|
0.00%
|
7.36%
|
—
|
| Ratios | ||||||||||
| Free cash flow margin |
16.89%
|
12.72%
|
12.98%
|
-10.10%
|
-27.00%
|
15.79%
|
20.71%
|
2.18%
|
32.59%
|
—
|
| Capital expenditures to revenue |
3.10%
|
4.97%
|
7.56%
|
10.82%
|
5.61%
|
5.45%
|
5.44%
|
5.40%
|
7.37%
|
6.82%
|
| Stock-based compensation to revenue |
1.43%
|
2.89%
|
5.96%
|
10.65%
|
3.98%
|
4.56%
|
3.60%
|
3.02%
|
2.75%
|
3.46%
|
| Cash conversion |
1.13x
|
4.70x
|
—
|
—
|
—
|
—
|
—
|
0.53x
|
3.45x
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- TAL (NYSE)
- Incorporated in
- Cayman Islands
- Headquarters
- Beijing, China
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1499620
Other Services-Educational Services companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.