2023 Q1 Form 20-F Financial Statement

#000095017023030412 Filed on June 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023 2022 Q1
Revenue $20.40M $4.936M $71.61M
YoY Change -71.51% -98.03% 2.01%
Cost Of Revenue $9.664M $2.874M $38.45M
YoY Change -74.86% -98.08% -8.27%
Gross Profit $10.74M $2.062M $33.16M
YoY Change -67.62% -97.95% 17.23%
Gross Profit Margin 52.63% 41.77% 46.31%
Selling, General & Admin $21.09M $7.206M $36.63M
YoY Change -42.42% -93.29% -0.44%
% of Gross Profit 196.44% 349.47% 110.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $404.0K
YoY Change -96.03%
% of Gross Profit 19.59%
Operating Expenses $21.09M $7.206M $36.63M
YoY Change -42.42% -93.29% -0.44%
Operating Profit -$10.35M -$5.144M -$3.469M
YoY Change 198.47% -23.62% -59.2%
Interest Expense $1.907M $329.0K $1.210M
YoY Change 57.6% -89.81% 76.13%
% of Operating Profit
Other Income/Expense, Net $447.0K -$76.00K -$4.274M
YoY Change -110.46% -93.68% -262.88%
Pretax Income -$8.000M -$2.154M -$9.531M
YoY Change -16.06% -96.42% 83.57%
Income Tax $1.635M $143.0K $19.72M
% Of Pretax Income
Net Earnings -$7.753M -$4.279M -$24.70M
YoY Change -68.61% -96.23% 111.63%
Net Earnings / Revenue -38.0% -86.69% -34.5%
Basic Earnings Per Share -$0.20
Diluted Earnings Per Share -$0.37 -$0.20 -$1.130M
COMMON SHARES
Basic Shares Outstanding 21.19M 21.23M
Diluted Shares Outstanding 21.23M

Balance Sheet

Concept 2023 Q1 2023 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $491.9M $491.9M $508.4M
YoY Change -3.26% -3.25% 0.5%
Cash & Equivalents $25.34M $175.7M $262.4M
Short-Term Investments $316.2M $316.2M $246.0M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $128.0K $900.0K $2.037M
Other Receivables $18.43M $18.40M $15.51M
Total Short-Term Assets $73.74M $511.2M $526.0M
YoY Change -85.98% -2.81% 1.77%
LONG-TERM ASSETS
Property, Plant & Equipment $2.016M $43.40M $44.13M
YoY Change -95.43% -1.64% -73.5%
Goodwill
YoY Change
Intangibles $357.0K $3.265M
YoY Change -89.07%
Long-Term Investments $3.967M $41.10M $14.00M
YoY Change -71.66% 193.57% -93.0%
Other Assets $140.0K $2.900M $15.16M
YoY Change -99.08% -80.87% -61.79%
Total Long-Term Assets $12.96M $89.80M $76.55M
YoY Change -83.07% 17.31% -83.0%
TOTAL ASSETS
Total Short-Term Assets $73.74M $511.2M $526.0M
Total Long-Term Assets $12.96M $89.80M $76.55M
Total Assets $86.70M $601.0M $602.5M
YoY Change -85.61% -0.25% -37.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $62.07M $54.90M $71.47M
YoY Change -13.15% -11.34% -44.94%
Deferred Revenue
YoY Change
Short-Term Debt $867.0K $900.0K $883.0K
YoY Change -1.81% 1.93% -40.94%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $12.61M $87.40M $93.57M
YoY Change -86.53% -6.59% -58.78%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.195M $1.200M $5.743M
YoY Change -79.19% -79.1% -93.77%
Total Long-Term Liabilities $255.0K $1.200M $5.743M
YoY Change -95.56% -79.1% -93.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.61M $87.40M $93.57M
Total Long-Term Liabilities $255.0K $1.200M $5.743M
Total Liabilities $12.86M $143.3M $156.6M
YoY Change -91.79% -8.49% -58.63%
SHAREHOLDERS EQUITY
Retained Earnings -$40.72M -$252.6M
YoY Change -83.88%
Common Stock $2.000K $14.00K
YoY Change -85.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.068M $55.69M
YoY Change -85.51%
Treasury Stock Shares $2.913M $2.863M
Shareholders Equity $66.03M $457.7M $445.9M
YoY Change
Total Liabilities & Shareholders Equity $86.70M $601.0M $602.5M
YoY Change -85.61% -0.25% -37.7%

Cashflow Statement

Concept 2023 Q1 2023 2022 Q1
OPERATING ACTIVITIES
Net Income -$7.753M -$4.279M -$24.70M
YoY Change -68.61% -96.23% 111.63%
Depreciation, Depletion And Amortization $404.0K
YoY Change -96.03%
Cash From Operating Activities -$3.678M
YoY Change -95.97%
INVESTING ACTIVITIES
Capital Expenditures $1.249M
YoY Change -112.49%
Acquisitions
YoY Change
Other Investing Activities -$88.00M
YoY Change -715.69%
Cash From Investing Activities -$13.95M
YoY Change -424.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -121.0K
YoY Change -99.53%
NET CHANGE
Cash From Operating Activities -3.678M
Cash From Investing Activities -13.95M
Cash From Financing Activities -121.0K
Net Change In Cash -13.80M
YoY Change -87.74%
FREE CASH FLOW
Cash From Operating Activities -$3.678M
Capital Expenditures $1.249M
Free Cash Flow -$4.927M
YoY Change -93.94%

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FairValueChangeOfInvestments
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CY2023 us-gaap Increase Decrease In Due From Related Parties Current
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CY2022 fedu Increase Decrease In Other Receivables Deposits And Other Assets
IncreaseDecreaseInOtherReceivablesDepositsAndOtherAssets
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IncreaseDecreaseInOtherReceivablesDepositsAndOtherAssets
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CY2023 us-gaap Increase Decrease In Due To Related Parties Current
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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-16460000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-3932000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27389000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3950000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53142000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-116511000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-95644000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13797000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
442355000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389213000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
272702000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39337000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389213000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
272702000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177058000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25540000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
378358000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262429000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175696000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25344000
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10855000
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10273000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1362000
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
196000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389213000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
272702000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177058000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25540000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
10189000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
3315000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
156000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
23000
CY2021 fedu Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
59547000
CY2022 fedu Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
39013000
CY2023 fedu Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
4516000
CY2023 fedu Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
651000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
51434000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
30259000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2491000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
359000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
302000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
326000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
120000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17000
CY2021 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
11686000
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2014-06-09
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-left:4.533%;text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">(c) Use of estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><p style="margin-left:4.533%;text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results may differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Group’s financial statements include assessment of useful lives of long-lived assets, realization of deferred tax assets, impairment assessment of investments, property and equipment, intangible assets and goodwill, valuation of share-based compensation, fair value assessment of investments, assumptions used to determine the fair value of the assets acquired through business combination and incremental borrowing rate for lease. Actual results may differ materially from those estimates.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2023Q1 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.9325
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262429000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175696000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25344000
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
7899000
CY2021 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
-2148000
CY2022 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
1106000
CY2023 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
1927000
CY2023 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
278000
CY2021 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2023 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
35584000
CY2023 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Shorter of the lease term or expected useful life
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1139000
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16850000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23503000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3390000
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8207000
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
7871000
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2255000
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42307000
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
54000
CY2022 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
784000
CY2023 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
130000
CY2023 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
19000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280282000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
250223000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34216000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4936000
CY2022Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
664000
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
408000
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
59000
CY2022Q1 fedu Contract Assets
ContractAssets
0
CY2023Q1 fedu Contract Assets
ContractAssets
0
CY2021Q1 fedu Contract Liability
ContractLiability
75242000
CY2022Q1 fedu Contract Liability
ContractLiability
6492000
CY2022Q1 fedu Contract Liability
ContractLiability
936000
CY2022Q1 fedu Contract Liability
ContractLiability
6492000
CY2023Q1 fedu Contract Liability
ContractLiability
7269000
CY2023Q1 fedu Contract Liability
ContractLiability
1049000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
15579000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2708000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
391000
CY2023 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
The Group’s leases have lease terms of up to fifteen years, which includes lessee options to extend the lease, only to the extent it is reasonably certain that the Group will exercise such extension options.
CY2021 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0
CY2021 fedu Subsidy Income Nonoperating
SubsidyIncomeNonoperating
11898000
CY2022 fedu Subsidy Income Nonoperating
SubsidyIncomeNonoperating
2298000
CY2023 fedu Subsidy Income Nonoperating
SubsidyIncomeNonoperating
1412000
CY2023 fedu Subsidy Income Nonoperating
SubsidyIncomeNonoperating
204000
CY2023 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9524000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1374000
CY2021 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
-2148000
CY2022 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
1106000
CY2023 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
1927000
CY2023 fedu Fair Value Change Of Investments
FairValueChangeOfInvestments
278000
CY2023Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
24332000
CY2023Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3510000
CY2022Q1 fedu Structured Deposits
StructuredDeposits
89544000
CY2022Q1 us-gaap Short Term Investments
ShortTermInvestments
89544000
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
24332000
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
3510000
CY2023Q1 fedu Short Term Investments Fair Value Disclosure
ShortTermInvestmentsFairValueDisclosure
156639000
CY2023Q1 fedu Short Term Investments Fair Value Disclosure
ShortTermInvestmentsFairValueDisclosure
22595000
CY2023Q1 fedu Short Term Investments Under Fair Value Excluding Deposits
ShortTermInvestmentsUnderFairValueExcludingDeposits
156639000
CY2023Q1 fedu Short Term Investments Under Fair Value Excluding Deposits
ShortTermInvestmentsUnderFairValueExcludingDeposits
22595000
CY2022Q1 fedu Long Term Investments Under Fair Value Current
LongTermInvestmentsUnderFairValueCurrent
156459000
CY2023Q1 fedu Long Term Investments Under Fair Value Current
LongTermInvestmentsUnderFairValueCurrent
135201000
CY2023Q1 fedu Long Term Investments Under Fair Value Current
LongTermInvestmentsUnderFairValueCurrent
19502000
CY2023Q1 us-gaap Debt Securities Noncurrent
DebtSecuritiesNoncurrent
13583000
CY2023Q1 us-gaap Debt Securities Noncurrent
DebtSecuritiesNoncurrent
1959000
CY2022Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
156459000
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
148784000
CY2023Q1 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
21461000
CY2022Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
5101000
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8643000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13979000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2016000
CY2021 us-gaap Depreciation
Depreciation
13754000
CY2022 us-gaap Depreciation
Depreciation
8458000
CY2023 us-gaap Depreciation
Depreciation
2802000
CY2023 us-gaap Depreciation
Depreciation
404000
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
7871000
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8384000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8384000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1209000
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-5119000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-5908000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-852000
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3265000
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2476000
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
357000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1949000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1719000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
789000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
114000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
614000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
424000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
424000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
414000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
400000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
200000
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
2255000
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2021Q1 us-gaap Goodwill
Goodwill
36967000
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5340000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42307000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42307000
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
157476000
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
157476000
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
157476000
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
157476000
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
22716000
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
22716000
CY2022Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
22716000
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
22716000
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
14000000
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
27500000
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
3967000
CY2022Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5620000
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
3443000
CY2023Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
497000
CY2022Q1 fedu Payable For Funding Commitments
PayableForFundingCommitments
45000000
CY2023Q1 fedu Payable For Funding Commitments
PayableForFundingCommitments
45000000
CY2023Q1 fedu Payable For Funding Commitments
PayableForFundingCommitments
6491000
CY2022Q1 fedu Default Payable
DefaultPayable
4634000
CY2023Q1 fedu Default Payable
DefaultPayable
1520000
CY2023Q1 fedu Default Payable
DefaultPayable
219000
CY2022Q1 fedu Other Taxes Payable
OtherTaxesPayable
1287000
CY2023Q1 fedu Other Taxes Payable
OtherTaxesPayable
887000
CY2023Q1 fedu Other Taxes Payable
OtherTaxesPayable
128000
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1533000
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1076000
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
155000
CY2022Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
664000
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
408000
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
59000
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9551000
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7208000
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1040000
CY2022Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
68289000
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
59542000
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
8589000
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
25.46
CY2022 fedu Treasury Shares Repurchased
TreasurySharesRepurchased
1892389
CY2023 fedu Treasury Shares Repurchased
TreasurySharesRepurchased
49591
CY2022 fedu Treasury Shares Repurchased Value
TreasurySharesRepurchasedValue
27794000
CY2023 fedu Treasury Shares Repurchased Value
TreasurySharesRepurchasedValue
238000
CY2023 fedu Treasury Shares Repurchased Value
TreasurySharesRepurchasedValue
34000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27513000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9002000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3168000
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633000
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