$GOTU
Gaotu Techedu Inc.

2023 Q4 Form 20-F Financial Statement

#000095017024047938 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $761.0M $2.961B
YoY Change 20.87% 18.52%
Cost Of Revenue $227.7M $790.2M
YoY Change 42.95% 12.72%
Gross Profit $533.3M $2.171B
YoY Change 13.39% 20.78%
Gross Profit Margin 70.08% 73.31%
Selling, General & Admin $585.2M $1.858B
YoY Change 57.23% 26.36%
% of Gross Profit 109.73% 85.58%
Research & Development $136.0M $462.0M
YoY Change 22.12% 3.8%
% of Gross Profit 25.51% 21.29%
Depreciation & Amortization $50.73M
YoY Change -26.27%
% of Gross Profit 2.34%
Operating Expenses $721.2M $2.320B
YoY Change 49.14% 21.11%
Operating Profit -$187.9M -$149.0M
YoY Change 1318.44% 26.22%
Interest Expense $23.87M $107.1M
YoY Change 6.68% 68.24%
% of Operating Profit
Other Income/Expense, Net $32.78M $54.47M
YoY Change 21.74% 4.98%
Pretax Income -$131.3M $12.52M
YoY Change -464.1% -594.43%
Income Tax -$11.62M $10.66M
% Of Pretax Income 85.09%
Net Earnings -$119.6M -$7.298M
YoY Change -269.44% -155.41%
Net Earnings / Revenue -15.72% -0.25%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.69 -$0.04
COMMON SHARES
Basic Shares Outstanding 173.7M
Diluted Shares Outstanding 173.7M

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.890B $2.890B
YoY Change -22.81% -22.81%
Cash & Equivalents $636.1M $636.1M
Short-Term Investments $2.254B $2.254B
Other Short-Term Assets $672.1M $672.1M
YoY Change 68.07% 68.07%
Inventory $24.60M $24.60M
Prepaid Expenses $78.08M
Receivables
Other Receivables
Total Short-Term Assets $3.587B $3.587B
YoY Change -13.92% -13.92%
LONG-TERM ASSETS
Property, Plant & Equipment $723.2M $723.2M
YoY Change 13.76% 13.76%
Goodwill $331.0K
YoY Change 0.0%
Intangibles $2.285M
YoY Change -16.76%
Long-Term Investments $1.030B $1.030B
YoY Change
Other Assets $73.78M $73.78M
YoY Change -0.31% -0.31%
Total Long-Term Assets $1.827B $1.827B
YoY Change 157.38% 157.38%
TOTAL ASSETS
Total Short-Term Assets $3.587B $3.587B
Total Long-Term Assets $1.827B $1.827B
Total Assets $5.413B $5.413B
YoY Change 11.02% 11.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $855.5M $855.5M
YoY Change 22.13% 22.13%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.973B $1.973B
YoY Change 22.62% 22.62%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $261.8M $261.8M
YoY Change 170.96% 170.96%
Total Long-Term Liabilities $261.8M $261.8M
YoY Change 170.96% 170.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.973B $1.973B
Total Long-Term Liabilities $261.8M $261.8M
Total Liabilities $2.307B $2.307B
YoY Change 29.58% 29.58%
SHAREHOLDERS EQUITY
Retained Earnings -$678.0M
YoY Change -2.51%
Common Stock $1.125B
YoY Change -1.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.106B $3.106B
YoY Change
Total Liabilities & Shareholders Equity $5.413B $5.413B
YoY Change 11.02% 11.02%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$119.6M -$7.298M
YoY Change -269.44% -155.41%
Depreciation, Depletion And Amortization $50.73M
YoY Change -26.27%
Cash From Operating Activities $49.82M
YoY Change 529.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$59.72M
YoY Change 160.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.74M
YoY Change
NET CHANGE
Cash From Operating Activities 49.82M
Cash From Investing Activities -59.72M
Cash From Financing Activities -12.74M
Net Change In Cash -21.12M
YoY Change 88.74%
FREE CASH FLOW
Cash From Operating Activities $49.82M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Basic
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CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
29804000
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
4198000
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2022 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2023 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2023 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax
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CY2023 us-gaap Comprehensive Income Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity
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CY2021 us-gaap Net Income Loss
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CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021 gotu Other Comprehensive Income Foreign Currency Transactions With Treasury Stock And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2021 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 gotu Other Comprehensive Income Foreign Currency Transactions With Treasury Stock And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2022Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2023 us-gaap Stockholders Equity Note Spinoff Transaction
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CY2023 gotu Other Comprehensive Income Foreign Currency Transactions With Treasury Stock And Translation Adjustment Net Of Tax Portion Attributable To Parent
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29804000
CY2023 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
25792000
CY2023 gotu Other Comprehensive Income Loss Available For Sale Securities Realized Gains
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CY2023Q4 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2023 us-gaap Depreciation
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CY2021 gotu Amortization Of Intangible Assets And Land Use Rights
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CY2022 gotu Amortization Of Intangible Assets And Land Use Rights
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CY2023 gotu Amortization Of Intangible Assets And Land Use Rights
AmortizationOfIntangibleAssetsAndLandUseRights
3510000
CY2023 gotu Amortization Of Intangible Assets And Land Use Rights
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CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Realized Investment Gains Losses
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CY2023 us-gaap Realized Investment Gains Losses
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CY2021 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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CY2023 us-gaap Gain Loss On Disposition Of Assets
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CY2023 us-gaap Gain Loss On Disposition Of Assets
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2021 gotu Fair Value Change Of Fair Value Option
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CY2022 gotu Fair Value Change Of Fair Value Option
FairValueChangeOfFairValueOption
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CY2023 gotu Fair Value Change Of Fair Value Option
FairValueChangeOfFairValueOption
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CY2023 gotu Fair Value Change Of Fair Value Option
FairValueChangeOfFairValueOption
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2021 us-gaap Inventory Write Down
InventoryWriteDown
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CY2022 us-gaap Inventory Write Down
InventoryWriteDown
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CY2023 us-gaap Inventory Write Down
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CY2023 us-gaap Inventory Write Down
InventoryWriteDown
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CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
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CY2022 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
0
CY2023 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
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CY2023 us-gaap Debt Securities Trading Realized Gain Loss
DebtSecuritiesTradingRealizedGainLoss
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12294000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
182561000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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CY2021 gotu Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
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CY2022 gotu Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
15679000
CY2023 gotu Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
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CY2023 gotu Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
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CY2021 gotu Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
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CY2022 gotu Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
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CY2023 gotu Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
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CY2023 gotu Increase Decrease In Deferred Tax Liabilities
IncreaseDecreaseInDeferredTaxLiabilities
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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
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2023 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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CY2023 us-gaap Payments To Acquire Short Term Investments
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ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2023 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2021 gotu Payment For Asset Acquisition
PaymentForAssetAcquisition
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CY2022 gotu Payment For Asset Acquisition
PaymentForAssetAcquisition
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CY2023 gotu Payment For Asset Acquisition
PaymentForAssetAcquisition
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CY2023 gotu Payment For Asset Acquisition
PaymentForAssetAcquisition
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CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
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CY2021 gotu Short Term Loans To Third Party
ShortTermLoansToThirdParty
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CY2022 gotu Short Term Loans To Third Party
ShortTermLoansToThirdParty
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CY2023 gotu Short Term Loans To Third Party
ShortTermLoansToThirdParty
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CY2023 gotu Short Term Loans To Third Party
ShortTermLoansToThirdParty
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CY2021 gotu Repayment Of Short Term Loans From Third Party
RepaymentOfShortTermLoansFromThirdParty
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CY2022 gotu Repayment Of Short Term Loans From Third Party
RepaymentOfShortTermLoansFromThirdParty
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CY2023 gotu Repayment Of Short Term Loans From Third Party
RepaymentOfShortTermLoansFromThirdParty
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CY2023 gotu Repayment Of Short Term Loans From Third Party
RepaymentOfShortTermLoansFromThirdParty
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CY2021 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
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CY2022 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
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CY2023 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
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CY2023 us-gaap Proceeds From Sale Maturity And Collection Of Longterm Investments
ProceedsFromSaleMaturityAndCollectionOfLongtermInvestments
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CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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CY2023 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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CY2023 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
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CY2021 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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CY2022 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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CY2023 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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CY2023 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
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ProceedsFromSaleOfProductiveAssets
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2023 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2021 us-gaap Proceeds From Short Term Debt
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CY2022 us-gaap Proceeds From Short Term Debt
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CY2023 us-gaap Proceeds From Short Term Debt
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CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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CY2022 us-gaap Repayments Of Short Term Debt
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CY2023 us-gaap Repayments Of Short Term Debt
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CY2021 gotu Payments Of Assets Acquisition Financing Activities
PaymentsOfAssetsAcquisitionFinancingActivities
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CY2022 gotu Payments Of Assets Acquisition Financing Activities
PaymentsOfAssetsAcquisitionFinancingActivities
0
CY2023 gotu Payments Of Assets Acquisition Financing Activities
PaymentsOfAssetsAcquisitionFinancingActivities
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CY2023 gotu Payments Of Assets Acquisition Financing Activities
PaymentsOfAssetsAcquisitionFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15818000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26650000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10781000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1519000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
541899000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-77190000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-149980000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21124000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355224000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897123000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
819933000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115485000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897123000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
819933000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
669953000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94361000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-84832000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20217000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1437000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
202000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4778000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
413000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4589000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
646000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
39069000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
38953000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
156534000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22047000
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.0999
CY2023Q4 gotu Term Deposits
TermDeposits
328181000
CY2022Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
206916000
CY2023Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
0
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
4318000
CY2023 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
35450000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
43300000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
52544000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Revenues
Revenues
6561747000
CY2022 us-gaap Revenues
Revenues
2498214000
CY2023 us-gaap Revenues
Revenues
2960813000
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
34528000
CY2022Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2023Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
0
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
906914000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1113480000
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
52419000
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
124141000
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
959333000
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
1237621000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
60597000
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
67157000
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
980385000
CY2023 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
889909000
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1237621000
CY2023Q4 gotu Revenue Remaining Performance Obligation Next Twelve Months
RevenueRemainingPerformanceObligationNextTwelveMonths
1113480000
CY2023Q4 gotu Revenue Remaining Performance Obligation Year Two
RevenueRemainingPerformanceObligationYearTwo
75615000
CY2023Q4 gotu Revenue Remaining Performance Obligation Thereafter
RevenueRemainingPerformanceObligationThereafter
48526000
CY2021 gotu Government Subsidies Income
GovernmentSubsidiesIncome
9350000
CY2022 gotu Government Subsidies Income
GovernmentSubsidiesIncome
7825000
CY2023 gotu Government Subsidies Income
GovernmentSubsidiesIncome
6469000
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. Interest and penalties on income taxes are classified as a component of the provisions for income taxes.
CY2021 gotu Concentration Risk Threshold Percentage
ConcentrationRiskThresholdPercentage
0.10
CY2022 gotu Concentration Risk Threshold Percentage
ConcentrationRiskThresholdPercentage
0.10
CY2023 gotu Concentration Risk Threshold Percentage
ConcentrationRiskThresholdPercentage
0.10
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
101994000
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
124951000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
67265000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
78079000
CY2022Q4 gotu Receivables From Third Party
ReceivablesFromThirdParty
119492000
CY2023Q4 gotu Receivables From Third Party
ReceivablesFromThirdParty
161408000
CY2022Q4 gotu Amounts Due From Third Party
AmountsDueFromThirdParty
78000000
CY2023Q4 gotu Amounts Due From Third Party
AmountsDueFromThirdParty
179200000
CY2022Q4 gotu Staff Advance
StaffAdvance
4128000
CY2023Q4 gotu Staff Advance
StaffAdvance
10950000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4106000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
18407000
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
399897000
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
649055000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10807000
CY2022Q4 gotu Prepaid Expense And Other Assets Net
PrepaidExpenseAndOtherAssetsNet
399897000
CY2023Q4 gotu Prepaid Expense And Other Assets Net
PrepaidExpenseAndOtherAssetsNet
638248000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
687480000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
711970000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
135448000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
178439000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
552032000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
533531000
CY2021 us-gaap Depreciation
Depreciation
108446000
CY2022 us-gaap Depreciation
Depreciation
68807000
CY2023 us-gaap Depreciation
Depreciation
50732000
CY2022Q4 gotu Land Use Rights Gross
LandUseRightsGross
29788000
CY2023Q4 gotu Land Use Rights Gross
LandUseRightsGross
29788000
CY2022Q4 gotu Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
2415000
CY2023Q4 gotu Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
3220000
CY2022Q4 gotu Land Use Rights Net
LandUseRightsNet
27373000
CY2023Q4 gotu Land Use Rights Net
LandUseRightsNet
26568000
CY2021 gotu Amortization Of Land Use Rights
AmortizationOfLandUseRights
805000
CY2022 gotu Amortization Of Land Use Rights
AmortizationOfLandUseRights
805000
CY2023 gotu Amortization Of Land Use Rights
AmortizationOfLandUseRights
805000
CY2022Q4 us-gaap Goodwill
Goodwill
331000
CY2023Q4 us-gaap Goodwill
Goodwill
331000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
43300000
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34185000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34185000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5422000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8127000
CY2022Q4 gotu Accumulated Impairment Loss Of Intangible Assets
AccumulatedImpairmentLossOfIntangibleAssets
9831000
CY2023Q4 gotu Accumulated Impairment Loss Of Intangible Assets
AccumulatedImpairmentLossOfIntangibleAssets
9831000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18932000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16227000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3311000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1145000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2705000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2703000
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
9831000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
301152000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
409965000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
129970000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
111134000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
67334000
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
71473000
CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
60597000
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
67157000
CY2022Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
75473000
CY2023Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
113516000
CY2022Q4 gotu Accrued Liabilities For Investment And Acquisition Current
AccruedLiabilitiesForInvestmentAndAcquisitionCurrent
26580000
CY2023Q4 gotu Accrued Liabilities For Investment And Acquisition Current
AccruedLiabilitiesForInvestmentAndAcquisitionCurrent
26580000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1083000
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5207000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
662189000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
805032000
CY2023Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1766577000
CY2023Q4 gotu Debt Trading Securities Debt Maturities Within One Year Fair Value
DebtTradingSecuritiesDebtMaturitiesWithinOneYearFairValue
159152000
CY2023Q4 gotu Available For Sale Securities Debt Maturities One To Three Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesOneToThreeYearsFairValue
928200000
CY2023Q4 gotu Debt Trading Securities Debt Maturities One To Three Years Fair Value
DebtTradingSecuritiesDebtMaturitiesOneToThreeYearsFairValue
101432000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3618346
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.01
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
13.98
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
88310000
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1070806
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.01
CY2023 gotu Share Based Compensation By Share Based Payment Arrangement Options Exercise In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationByShareBasedPaymentArrangementOptionsExerciseInPeriodWeightedAverageGrantDateFairValue
14.17
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
657826
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.01
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
13.05
CY2023 gotu Share Based Compensation Arrangement By Share Based Payment Award Options Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCancelledInPeriod
-703200
CY2023 gotu Share Based Compensation Arrangements By Share Based Payment Award Options Cancelled In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsCancelledInPeriodWeightedAverageExercisePrice
0.01
CY2023 gotu Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested Options Cancelled Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonVestedOptionsCancelledWeightedAverageGrantDateFairValue
12.72
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1186514
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.01
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
15.08
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M17D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
45731000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1186514
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.01
CY2023Q4 gotu Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageGrantDateFairValue
15.08
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y1M17D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
45731000
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
CY2023Q4 gotu Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
0
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
345259000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
122654000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58353000
CY2023 gotu Reissuance Of Treasury Stock For Share Based Compensation Shares
ReissuanceOfTreasuryStockForShareBasedCompensationShares
186667
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1906000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8744000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
40948000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-17611000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1913000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40949000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15705000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10657000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
778837000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
764166000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
584693000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
641220000
CY2022Q4 us-gaap Deferred Tax Asset Intra Entity Transfer Asset Other Than Inventory
DeferredTaxAssetIntraEntityTransferAssetOtherThanInventory
1340000
CY2023Q4 us-gaap Deferred Tax Asset Intra Entity Transfer Asset Other Than Inventory
DeferredTaxAssetIntraEntityTransferAssetOtherThanInventory
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170790979
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172254080
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173725790
CY2021 gotu Incremental Common Shares Attributable Todilutiveeffect Of Stock Option
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0
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2931766
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0
CY2021 gotu Incremental Common Shares Attributableto Dilutive Effectof Rsu
IncrementalCommonSharesAttributabletoDilutiveEffectofRSU
0
CY2022 gotu Incremental Common Shares Attributableto Dilutive Effectof Rsu
IncrementalCommonSharesAttributabletoDilutiveEffectofRSU
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IncrementalCommonSharesAttributabletoDilutiveEffectofRSU
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170790979
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-18.17
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CY2021 gotu Employee Defined Contribution Plan Cost Recognized
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CY2022 gotu Employee Defined Contribution Plan Cost Recognized
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CY2023 gotu Employee Defined Contribution Plan Cost Recognized
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CY2023 us-gaap Deconsolidation Related Party Description
DeconsolidationRelatedPartyDescription
The transaction was accounted as a deconsolidation of the subsidiary under common control. In connection with such deconsolidation, the Company obtained a call option to purchase the 60% equity interest held by Mr. Larry Xiangdong Chen, or to designate any third parties to repurchase the 60% equity interest held by Mr. Larry Xiangdong Chen within seven months after the deconsolidation date.
CY2023 us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
As of December 31, 2022 and 2023, the Group had no long-term leases that were classified as a financing lease.
CY2023 us-gaap Lessee Operating Lease Lease Not Yet Commenced Description
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As of December 31, 2023, the Group did not have additional operating leases that have not yet commenced.
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.068
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62025000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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58617000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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34446000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
25295000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
20704000
CY2023Q4 gotu Lessee Operating Lease Liability Payments Due Year Five And After Year Five
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16572000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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29513000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
188146000
CY2023 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:3pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">18. CONTINGENCIES</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="margin-left:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="margin-left:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:12pt;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:12pt;font-family:Times New Roman;min-width:fit-content;">From time to time, the Group is involved in claims and legal proceedings that arise in the ordinary course of business. The Group records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Group reviews the need for and such liability on a regular basis. The Group has not recorded any material liabilities in this regard as of December 31, 2023.</span></p>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2022Q4 gotu Amount Of Restricted Paid In Capital And Statutory Reserve Of Prc Subsidiaries And Variable Interest Entities
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4738378000
CY2023Q4 gotu Amount Of Restricted Paid In Capital And Statutory Reserve Of Prc Subsidiaries And Variable Interest Entities
AmountOfRestrictedPaidInCapitalAndStatutoryReserveOfPrcSubsidiariesAndVariableInterestEntities
4791223000

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