$YQ
17 Education & Technology Group Inc.

2023 Q4 Form 20-F Financial Statement

#000095017024047905 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q1 2023
Revenue $47.35M $9.300M $171.0M
YoY Change 19.69% -96.02% -67.81%
Cost Of Revenue $26.78M $7.000M $90.26M
YoY Change 41.38% -92.37% -56.23%
Gross Profit $20.57M $2.300M $80.70M
YoY Change -0.23% -98.38% -75.16%
Gross Profit Margin 43.45% 24.73% 47.21%
Selling, General & Admin $81.90M $62.00M $255.5M
YoY Change -8.15% -15.41% -14.87%
% of Gross Profit 398.15% 2695.65% 316.62%
Research & Development $40.93M $44.30M $167.9M
YoY Change -20.97% -54.55% -28.8%
% of Gross Profit 198.97% 1926.09% 208.09%
Depreciation & Amortization $16.17M
YoY Change -34.6%
% of Gross Profit 20.04%
Operating Expenses $122.8M $106.3M $423.5M
YoY Change -12.86% -37.75% -21.0%
Operating Profit -$102.3M -$104.0M -$342.8M
YoY Change -15.02% 257.23% 62.33%
Interest Expense $4.932M $7.800M $27.01M
YoY Change 4.82% 243.92% 134.65%
% of Operating Profit
Other Income/Expense, Net -$1.111M $3.700M $3.958M
YoY Change -108.89% 77.97% -81.81%
Pretax Income -$98.44M -$92.50M -$311.8M
YoY Change -4.55% 273.5% 75.28%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$98.44M -$92.50M -$311.8M
YoY Change -4.55% 273.5% 75.28%
Net Earnings / Revenue -207.92% -994.62% -182.37%
Basic Earnings Per Share -$0.68
Diluted Earnings Per Share -$0.23 -$0.19 -$0.68
COMMON SHARES
Basic Shares Outstanding 458.6M
Diluted Shares Outstanding 458.6M

Balance Sheet

Concept 2023 Q4 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $306.9M $619.1M $306.9M
YoY Change -57.81% -23.89% -57.81%
Cash & Equivalents $306.9M $418.4M $306.9M
Short-Term Investments $0.00 $200.7M $0.00
Other Short-Term Assets $264.6M $181.3M $264.6M
YoY Change 75.08% 26.01% 75.08%
Inventory
Prepaid Expenses
Receivables $59.21M $33.40M $59.21M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $630.7M $833.9M $630.7M
YoY Change -30.95% -12.89% -30.95%
LONG-TERM ASSETS
Property, Plant & Equipment $52.02M $53.30M $52.02M
YoY Change -16.56% -67.81% -16.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.000M
YoY Change
Other Assets $1.780M $4.400M $1.780M
YoY Change -62.93% -64.32% -62.93%
Total Long-Term Assets $53.80M $62.60M $53.80M
YoY Change -19.88% -64.82% -19.88%
TOTAL ASSETS
Total Short-Term Assets $630.7M $833.9M $630.7M
Total Long-Term Assets $53.80M $62.60M $53.80M
Total Assets $684.5M $896.5M $684.5M
YoY Change -30.19% -21.03% -30.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $135.6M $153.1M $135.6M
YoY Change -21.02% -41.88% -21.02%
Deferred Revenue $44.95M $42.39M
YoY Change 6.05% -82.62%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $180.6M $197.1M $180.6M
YoY Change -15.66% -33.3% -15.66%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $9.660M $7.200M $9.660M
YoY Change 28.22% -85.34% 28.22%
Total Long-Term Liabilities $9.660M $7.200M $9.660M
YoY Change 28.22% -85.34% 28.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $180.6M $197.1M $180.6M
Total Long-Term Liabilities $9.660M $7.200M $9.660M
Total Liabilities $190.3M $204.3M $190.3M
YoY Change -14.17% -40.72% -14.17%
SHAREHOLDERS EQUITY
Retained Earnings -$1.489B
YoY Change 0.1%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.00K
YoY Change 366.67%
Treasury Stock Shares
Shareholders Equity $494.3M $692.2M $494.3M
YoY Change
Total Liabilities & Shareholders Equity $684.5M $896.5M $684.5M
YoY Change -30.19% -21.03% -30.19%

Cashflow Statement

Concept 2023 Q4 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$98.44M -$92.50M -$311.8M
YoY Change -4.55% 273.5% 75.28%
Depreciation, Depletion And Amortization $16.17M
YoY Change -34.6%
Cash From Operating Activities -$29.87M
YoY Change -55.59%
INVESTING ACTIVITIES
Capital Expenditures $3.745M
YoY Change 833.92%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$22.70M
YoY Change 1651.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.234M
YoY Change 47.36%
NET CHANGE
Cash From Operating Activities -29.87M
Cash From Investing Activities -22.70M
Cash From Financing Activities -7.234M
Net Change In Cash -57.92M
YoY Change -13.68%
FREE CASH FLOW
Cash From Operating Activities -$29.87M
Capital Expenditures $3.745M
Free Cash Flow -$33.62M
YoY Change -50.32%

Facts In Submission

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