ValueQ4, 24TTMSelling/general/admin expenses——Research & development——Operating income-2.31 M-472.34 MNon-Operating Income, Total——Interest expense, net of interest capitalized——Non-Operating Income, excl. Interest Expenses——Unusual income/expense——Pretax income-2.31 M-472.34 MEquity in earnings——Taxes67.18 M964.03 MNon-controlling/minority interest——After tax other income/expense——Net income before discontinued operations-69.5 M-1.44 BDiscontinued operations——Net income-69.5 M-1.44 BDilution adjustment——Preferred dividends——Diluted net income available to common stockholders-69.5 M-1.44 BBasic earnings per share (Basic EPS)——Diluted earnings per share (Diluted EPS)-0.34-6.71Average basic shares outstanding201.96 M832.67 MDiluted shares outstanding205.22 M835.93 MEBITDA——EBIT——Cost of revenue——Other cost of goods sold——Depreciation & amortization (cash flow)2.31 M18.74 M
TAL Education Group American Depositary Shares
TAL Education Group, which stands for "Tomorrow Advancing Life", is a Chinese holding company that offers after-school education and tutoring for students in primary and secondary school. It is headquartered in Beijing, China. The company was founded in August 2003 by Zhang Bangxin and Cao Yundong, as "Xueersi".
The company provides standardized test preparation and consultation services for students studying abroad. It offered help to kids who could not go to school due to the COVID-19 pandemic in subjects including mathematics, Chinese, English, and coding. After new rules were issued by the Chinese government preventing for-profit tutoring companies from earning a profit, the company's stock went down significantly, with a projected 70% decrease in 2022 revenue.
In 2018, it acquired CodeMonkey.