2022 Q4 Form 20-F Financial Statement

#000119312523098383 Filed on April 12, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $78.54M $206.8M $72.56M
YoY Change 8.24% 2.28% 19.34%
Cost Of Revenue $30.93M $104.3M $27.03M
YoY Change 14.43% 7.09% -13.65%
Gross Profit $47.61M $102.5M $45.53M
YoY Change 4.56% -2.19% 54.35%
Gross Profit Margin 60.62% 49.56% 62.75%
Selling, General & Admin $40.30M $152.3M $39.60M
YoY Change 1.77% 11.0% -9.79%
% of Gross Profit 84.66% 148.59% 86.98%
Research & Development $2.407M $6.791M $3.065M
YoY Change -21.45% -40.19% 22.59%
% of Gross Profit 5.06% 6.62% 6.73%
Depreciation & Amortization $3.275M
YoY Change -85.78%
% of Gross Profit 3.2%
Operating Expenses $42.71M $159.1M $42.66M
YoY Change 0.11% -7.06% -18.58%
Operating Profit $4.897M -$56.59M $2.869M
YoY Change 70.7% -14.77% -112.53%
Interest Expense $211.9K $762.3K $171.3K
YoY Change 23.69% -15.07% -100.49%
% of Operating Profit 4.33% 5.97%
Other Income/Expense, Net $625.6K $1.309M $0.00
YoY Change -96.1%
Pretax Income $5.734M -$54.52M $3.040M
YoY Change 88.63% 43.65% -104.99%
Income Tax $3.968M -$5.921M $6.437M
% Of Pretax Income 69.2% 211.76%
Net Earnings $2.017M -$47.89M -$2.550M
YoY Change -179.1% 42.33% -95.67%
Net Earnings / Revenue 2.57% -23.16% -3.51%
Basic Earnings Per Share -$0.76
Diluted Earnings Per Share $0.03 -$0.76 -$34.02K
COMMON SHARES
Basic Shares Outstanding 63.24M
Diluted Shares Outstanding 62.75M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.98M $54.98M $71.34M
YoY Change -22.93% -22.93% -36.7%
Cash & Equivalents $7.971M $71.34M
Short-Term Investments
Other Short-Term Assets $4.430M $4.430M $3.130M
YoY Change 41.56% 41.56% -47.84%
Inventory
Prepaid Expenses
Receivables $5.852M $5.852M $938.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $65.26M $65.26M $75.41M
YoY Change -13.45% -13.45% -37.63%
LONG-TERM ASSETS
Property, Plant & Equipment $70.38M $70.38M $78.92M
YoY Change -10.83% -10.83% -1.22%
Goodwill $196.3M $194.8M
YoY Change 0.79%
Intangibles $11.04M $93.35M
YoY Change -88.18%
Long-Term Investments $38.00M $38.00M $38.00M
YoY Change 0.0% 0.0% -13.64%
Other Assets $28.42M $28.42M $26.74M
YoY Change 6.27% 6.27% 5.27%
Total Long-Term Assets $409.2M $409.2M $431.8M
YoY Change -5.23% -5.23% -5.04%
TOTAL ASSETS
Total Short-Term Assets $65.26M $65.26M $75.41M
Total Long-Term Assets $409.2M $409.2M $431.8M
Total Assets $474.5M $474.5M $507.2M
YoY Change -6.45% -6.45% -11.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $72.82M $72.82M $65.53M
YoY Change 11.14% 25.06% 2.38%
Deferred Revenue $31.86M $202.5M
YoY Change -84.26%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $292.5M $292.5M $268.0M
YoY Change 9.17% 9.17% -2.52%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.53M $19.53M $23.37M
YoY Change -16.42% -16.42% -2.64%
Total Long-Term Liabilities $19.53M $19.53M $23.37M
YoY Change -16.42% -16.42% -2.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $292.5M $292.5M $268.0M
Total Long-Term Liabilities $19.53M $19.53M $23.37M
Total Liabilities $331.4M $331.4M $319.4M
YoY Change 3.74% 3.74% -15.32%
SHAREHOLDERS EQUITY
Retained Earnings -$51.91M -$310.2M
YoY Change -83.26%
Common Stock $79.28M $545.3M
YoY Change -85.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $143.1M $143.1M $187.8M
YoY Change
Total Liabilities & Shareholders Equity $474.5M $474.5M $507.2M
YoY Change -6.45% -6.45% -11.89%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $2.017M -$47.89M -$2.550M
YoY Change -179.1% 42.33% -95.67%
Depreciation, Depletion And Amortization $3.275M
YoY Change -85.78%
Cash From Operating Activities -$2.119M
YoY Change -93.34%
INVESTING ACTIVITIES
Capital Expenditures $234.6K
YoY Change -105.27%
Acquisitions
YoY Change
Other Investing Activities -$870.0K
YoY Change -84.4%
Cash From Investing Activities -$361.0K
YoY Change -96.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.29K
YoY Change -96.7%
NET CHANGE
Cash From Operating Activities -2.119M
Cash From Investing Activities -361.0K
Cash From Financing Activities 27.29K
Net Change In Cash -2.372M
YoY Change -94.22%
FREE CASH FLOW
Cash From Operating Activities -$2.119M
Capital Expenditures $234.6K
Free Cash Flow -$2.353M
YoY Change -91.41%

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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2022 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2020 aacg Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest From Continuing Operations
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CY2021 aacg Comprehensive Income Loss Net Of Tax Attributable To Redeemable Noncontrolling Interest From Continuing Operations
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CY2020 aacg Comprehensive Income Loss Net Of Tax Attributable To Non Redeemable Noncontrolling Interest From Continuing Operations
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CY2021 aacg Comprehensive Income Loss Net Of Tax Attributable To Non Redeemable Noncontrolling Interest From Continuing Operations
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CY2022 aacg Comprehensive Income Loss Net Of Tax Attributable To Non Redeemable Noncontrolling Interest From Continuing Operations
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CY2022 aacg Comprehensive Income Loss Net Of Tax Attributable To Non Redeemable Noncontrolling Interest From Continuing Operations
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CY2020 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2020 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2020 us-gaap Stock Repurchased And Retired During Period Value
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CY2021 aacg Temporary Equity Accretion To Redemption Value Effect On Equity
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CY2021 aacg Adjustments To Additional Paid In Capital Acquisition Of Non Redeemable Non Controlling Interests
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CY2021 aacg Disposal Of Subsidiary
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2020 us-gaap Gain Loss On Disposition Of Assets
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CY2022 us-gaap Gain Loss On Disposition Of Assets
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CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Share Based Compensation
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 aacg Gain Or Loss On Disposal Of Subsidiaries And Other
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CY2022 aacg Gain Or Loss On Disposal Of Subsidiaries And Other
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CY2022 aacg Gain Or Loss On Disposal Of Subsidiaries And Other
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CY2020 aacg Impairment Loss Of Long Term Investments Under Continuing Operations And Discontinued Operations
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CY2021 aacg Impairment Loss Of Long Term Investments Under Continuing Operations And Discontinued Operations
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CY2020 aacg Provision For Loan Receivable And Other Receivable
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CY2020 aacg Impairment Loss Of Intangible Assets And Other Non Current Assets
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2020 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2022 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2022 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2020 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 aacg Payments To Acquire Liabilities Assumed
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CY2022 aacg Payments To Acquire Liabilities Assumed
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Cash Acquired In Excess Of Payments To Acquire Business
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CY2020 aacg Proceeds From Deconsolidation Of Subsidiaries And Others Less Cash Disposal
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CY2021 aacg Proceeds From Deconsolidation Of Subsidiaries And Others Less Cash Disposal
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CY2022 aacg Proceeds From Deconsolidation Of Subsidiaries And Others Less Cash Disposal
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CY2022 aacg Proceeds From Deconsolidation Of Subsidiaries And Others Less Cash Disposal
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CY2021 aacg Payment Of Cash For Acquisition Of Non Redeemable Non Controlling Interests
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CY2022 aacg Payment Of Cash For Acquisition Of Non Redeemable Non Controlling Interests
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CY2022 aacg Payment Of Cash For Acquisition Of Non Redeemable Non Controlling Interests
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020 us-gaap Proceeds From Short Term Debt
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CY2021 us-gaap Proceeds From Short Term Debt
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CY2020 us-gaap Repayments Of Short Term Debt
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CY2021 us-gaap Repayments Of Short Term Debt
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CY2020 us-gaap Proceeds From Repayments Of Secured Debt
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CY2020 us-gaap Payments Of Financing Costs
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CY2020 us-gaap Proceeds From Issuance Of Private Placement
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CY2020 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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556616
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-2371856
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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54980199
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Income Taxes Paid
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CY2021 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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CY2020 us-gaap Proceeds From Income Tax Refunds
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CY2021 us-gaap Proceeds From Income Tax Refunds
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CY2020 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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25278
CY2020 aacg Acquisition Of Non Redeemable Non Controlling Interests
AcquisitionOfNonRedeemableNonControllingInterests
1145497
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
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1222191
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
177201
CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
13041021
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
5378395
CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
779794
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: &quot;Times New Roman&quot;; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;;text-indent: 0px;"> <tr style="page-break-inside: avoid;"> <td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">(c)</div></div></div></div></div></div></td> <td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">Use of estimates </div></div></div></div></div></div></td></tr></table> <div style="clear:both;max-height:0pt;;text-indent: 0px;"/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;"/></div></div> <div style="text-align: justify; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt; margin-left: 4%;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="background-color: rgb(255, 255, 255); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with U.S. GAAP requires management of the Group to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates include the fair value determinations of identifiable assets acquired and liabilities assumed, the fair values of share-based payments and other equity investments, the collectability of loan receivable and other receivables, the realizability of deferred income tax assets, the estimate for useful lives and residual values of long-lived assets, the recoverability of long-lived assets, goodwill and long-term investments, determination of estimated stand-alone selling prices of performance obligations, variable consideration and measurement of progress towards completion in revenue recognition. Actual results could differ from those estimates. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions.</div></div></div></div>
CY2022Q4 aacg Foreign Currency Translation Rate
ForeignCurrencyTranslationRate
6.8972
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7820269
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
14244301
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
18470625
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
38000000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0
CY2022 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
The shorter of lease terms and estimated useful lives
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8443633
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14870527
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
15038804
CY2022Q4 us-gaap Change In Accounting Principle Accounting Standards Update Adoption Date
ChangeInAccountingPrincipleAccountingStandardsUpdateAdoptionDate
2021-01-01
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
38000000
CY2021Q4 us-gaap Value Added Tax Receivable Current
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19317
CY2022Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
565675
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
131078
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
15488
CY2021Q4 aacg Advances To Employees
AdvancesToEmployees
14396
CY2022Q4 aacg Advances To Employees
AdvancesToEmployees
0
CY2021Q4 aacg Prepaid Marketing Fee
PrepaidMarketingFee
388902
CY2022Q4 aacg Prepaid Marketing Fee
PrepaidMarketingFee
657764
CY2021Q4 us-gaap Supplies
Supplies
595535
CY2022Q4 us-gaap Supplies
Supplies
761613
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1980372
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2429745
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3129600
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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4430285
CY2022 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
The loan receivable became overdue on April 6, 2019. On April 30, 2019, the due dates of loan receivable and other receivables due from Beijing Biztour were extended to September 30, 2019. The controlling shareholder of Beijing Biztour made a personal guarantee and agreed with certain real estate property mortgage. The loan receivable and other receivables due from Beijing Biztour became overdue again since October 1, 2019.
CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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69022636
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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32924739
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36261660
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
36503984
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32760976
CY2020 us-gaap Depreciation
Depreciation
8020581
CY2021 us-gaap Depreciation
Depreciation
5792147
CY2022 us-gaap Depreciation
Depreciation
5117333
CY2020Q2 us-gaap Goodwill Period Increase Decrease
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-5723832
CY2020Q2 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-5723832
CY2021Q4 us-gaap Goodwill
Goodwill
194754963
CY2022 us-gaap Goodwill Acquired During Period
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1534529
CY2022Q4 us-gaap Goodwill
Goodwill
196289492
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
135000000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
41647222
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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93352778
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
135240000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59120556
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
76119444
CY2020 us-gaap Amortization Of Intangible Assets
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21893234
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17233333
CY2022 us-gaap Amortization Of Intangible Assets
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17473333
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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17233333
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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17233333
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
13344444
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7900000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7900000
CY2021Q4 aacg Number Of Operating Leases
NumberOfOperatingLeases
33
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y29D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0663
CY2022Q4 aacg Number Of Operating Leases
NumberOfOperatingLeases
29
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M14D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0657
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
22998535
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
21599937
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
18456989
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
6112893
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3248285
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3412129
CY2022Q4 us-gaap Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
1491306
CY2021 us-gaap Sublease Income
SubleaseIncome
0
CY2020 us-gaap Sublease Income
SubleaseIncome
0
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
0
CY2022 us-gaap Sublease Income
SubleaseIncome
0
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42417409
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
37616541
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17351427
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
16920429
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23365840
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
19528763
CY2020 aacg Cash Paid For Amounts Included In Measurement Of Operating Leases Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeasesLiabilities
20376826
CY2021 aacg Cash Paid For Amounts Included In Measurement Of Operating Leases Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeasesLiabilities
21478066
CY2022 aacg Cash Paid For Amounts Included In Measurement Of Operating Leases Liabilities
CashPaidForAmountsIncludedInMeasurementOfOperatingLeasesLiabilities
18669210
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33360187
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16132735
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14628975
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
17522664
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12278559
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7766713
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1538067
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
707828
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
128696
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
39942527
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3493335
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
36449192
CY2022 aacg Line Of Credit From Loan Facility Withdrawn
LineOfCreditFromLoanFacilityWithdrawn
0
CY2021Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
16126030
CY2022Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
19976189
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19664360
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
20228470
CY2021Q4 aacg Accrued Test Monitoring Fees Current
AccruedTestMonitoringFeesCurrent
2432153
CY2022Q4 aacg Accrued Test Monitoring Fees Current
AccruedTestMonitoringFeesCurrent
2432153
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2658861
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
3791413
CY2021Q4 aacg Income Taxes Payable Current
IncomeTaxesPayableCurrent
22781
CY2022Q4 aacg Income Taxes Payable Current
IncomeTaxesPayableCurrent
14834
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7269910
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9461451
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
48174095
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
55904510
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
162167547
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
202209465
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
206820874
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
10523946
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
10598946
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
199448112
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
202453092
CY2021 aacg Contract With Customer Liability Cash Received In Advance Net Of Vat
ContractWithCustomerLiabilityCashReceivedInAdvanceNetOfVAT
210709401
CY2022 aacg Contract With Customer Liability Cash Received In Advance Net Of Vat
ContractWithCustomerLiabilityCashReceivedInAdvanceNetOfVAT
223388868
CY2022 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1534529
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-106900106
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-113271035
CY2021 aacg Contract With Customer Liability Revenue Recognized From Deferred Revenue Arising During Current Year
ContractWithCustomerLiabilityRevenueRecognizedFromDeferredRevenueArisingDuringCurrentYear
-94296098
CY2022 aacg Contract With Customer Liability Revenue Recognized From Deferred Revenue Arising During Current Year
ContractWithCustomerLiabilityRevenueRecognizedFromDeferredRevenueArisingDuringCurrentYear
-88928077
CY2021 aacg Contract With Customer Liability Disposal Of Equity Interests
ContractWithCustomerLiabilityDisposalOfEquityInterests
-3793597
CY2022 aacg Contract With Customer Liability Disposal Of Equity Interests
ContractWithCustomerLiabilityDisposalOfEquityInterests
-1609644
CY2021 aacg Contract With Customer Liability Change Of Refund Liabilities
ContractWithCustomerLiabilityChangeOfRefundLiabilities
-2714620
CY2022 aacg Contract With Customer Liability Change Of Refund Liabilities
ContractWithCustomerLiabilityChangeOfRefundLiabilities
-3850159
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
202453092
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
219717574
CY2021Q4 us-gaap Undistributed Earnings Of Domestic Subsidiaries
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2820818
CY2022Q4 us-gaap Undistributed Earnings Of Domestic Subsidiaries
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2486972
CY2021Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Domestic Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfDomesticSubsidiaries
282082
CY2022Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Domestic Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfDomesticSubsidiaries
248697
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-110853584
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-37949694
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-54515615
CY2021Q4 aacg Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
10179317
CY2022Q4 aacg Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
9112298
CY2021Q4 aacg Deferred Tax Assets Tax Impairment Losses Of Intangible Assets And Other Non Current Assets
DeferredTaxAssetsTaxImpairmentLossesOfIntangibleAssetsAndOtherNonCurrentAssets
945446
CY2022Q4 aacg Deferred Tax Assets Tax Impairment Losses Of Intangible Assets And Other Non Current Assets
DeferredTaxAssetsTaxImpairmentLossesOfIntangibleAssetsAndOtherNonCurrentAssets
405191
CY2021Q4 aacg Deferred Tax Assets Provision For Loan Receivables And Other Receivables
DeferredTaxAssetsProvisionForLoanReceivablesAndOtherReceivables
1887015
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5921384
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27926708
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
34562809
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
14402
CY2021 us-gaap Current Federal Tax Expense Benefit
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22781
CY2022 us-gaap Current Federal Tax Expense Benefit
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130635
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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-10283238
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1562358
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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-6052019
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10268836
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1539577
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5921384
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-27713394
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-9487423
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-13628904
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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11770037
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10531372
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6084383
CY2020 aacg Income Tax Reconciliation Income In Entities Not Subject To Income Tax
IncomeTaxReconciliationIncomeInEntitiesNotSubjectToIncomeTax
-3445048
CY2021 aacg Income Tax Reconciliation Income In Entities Not Subject To Income Tax
IncomeTaxReconciliationIncomeInEntitiesNotSubjectToIncomeTax
-1691406
CY2022 aacg Income Tax Reconciliation Income In Entities Not Subject To Income Tax
IncomeTaxReconciliationIncomeInEntitiesNotSubjectToIncomeTax
-1429868
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
226312
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
280436
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Meals And Entertainment
IncomeTaxReconciliationNondeductibleExpenseMealsAndEntertainment
192298
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
444196
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
259993
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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364939
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1634539
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
3927212
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1625037
CY2020 aacg Income Tax Reconciliation Additional Deduction For Research And Development Cost
IncomeTaxReconciliationAdditionalDeductionForResearchAndDevelopmentCost
288502
CY2021 aacg Income Tax Reconciliation Additional Deduction For Research And Development Cost
IncomeTaxReconciliationAdditionalDeductionForResearchAndDevelopmentCost
120598
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
212928
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-236436
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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