Cash flow Sunlands Technology Group

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STG

US86740P2074

Miscellaneous Educational Service Providers

Delayed Nyse Other stock markets 10:18:49 2025-07-16 am EDT			5-day change	1st Jan Change
13.00 ^USD	+10.91%		+76.61%	+130.06%

May. 22	Sunlands Technology Group, Q1 2025 Earnings Call, May 22, 2025
May. 22	Sunlands Technology Group Provides Revenue Guidance for the Second Quarter 2025	CI

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Published financial data: SUNLANDS TECHNOLOGY GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.2B	2.51B	2.32B	2.16B	1.99B
Total Revenues	2.2B	2.51B	2.32B	2.16B	1.99B
Cost of Goods Sold, Total	387M	376M	348M	266M	318M
Gross Profit	1.82B	2.13B	1.97B	1.89B	1.67B
Selling General & Admin Expenses, Total	2.4B	1.96B	1.32B	1.29B	1.35B
R&D Expenses	66.53M	61.32M	42.83M	33.72M	25.01M
Other Operating Expenses, Total	2.47B	2.02B	1.36B	1.32B	1.37B
Operating Income	-649M	114M	617M	575M	298M
Interest Expense, Total	-11.69M	-10.93M	-10.06M	-7.66M	-5.29M
Interest And Investment Income	25.81M	16.18M	16.25M	31.09M	38.82M
Net Interest Expenses	14.12M	5.25M	6.19M	23.44M	33.53M
Income (Loss) On Equity Invest.	1.35M	-4.89M	6.45M	-10.08M	-13.51M
Other Non Operating Income (Expenses)	46.71M	39.16M	24.53M	32.15M	24.69M
EBT, Excl. Unusual Items	-587M	154M	654M	620M	343M
Gain (Loss) On Sale Of Investments	-882K	-5M	-500K	1.89M	1.61M
Gain (Loss) On Sale Of Assets	-	43.97M	1.39M	43.72M	-838K
Other Unusual Items	156M	-	-	-	-
EBT, Incl. Unusual Items	-431M	193M	655M	666M	343M
Income Tax Expense	-236K	-19.62M	11.99M	25.17M	1.3M
Earnings From Continuing Operations	-431M	212M	643M	641M	342M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-431M	212M	643M	641M	342M
Minority Interest	446K	6.69M	950K	-1K	-
Net Income - (IS)	-431M	219M	644M	641M	342M
Net Income to Common Incl Extra Items	-431M	219M	644M	641M	342M
Net Income to Common Excl. Extra Items	-431M	219M	644M	641M	342M
Per Share Items
Net EPS - Basic	-31.87	16.28	47.07	46.44	25.06
Basic EPS - Continuing Operations	-31.87	16.28	47.07	46.44	25.06
Basic Weighted Average Shares Outstanding	13.51M	13.46M	13.68M	13.8M	13.65M
Net EPS - Diluted	-31.87	16.28	47.07	46.44	25.06
Diluted EPS - Continuing Operations	-31.87	16.28	47.07	46.44	25.06
Diluted Weighted Average Shares Outstanding	13.51M	13.46M	13.68M	13.8M	13.65M
Normalized Basic EPS	-27.12	7.64	29.95	28.1	15.69
Normalized Diluted EPS	-27.12	7.64	29.95	28.1	15.69
Payout Ratio	-	-	5.06	4.88	-
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	-609M	151M	664M	606M	327M
EBITA	-649M	115M	618M	576M	299M
EBIT	-649M	114M	617M	575M	298M
EBITDAR	-518M	219M	694M	611M	341M
Effective Tax Rate - (Ratio)	0.05	-10.18	1.83	3.78	0.38
Normalized Net Income	-366M	103M	410M	388M	214M
Interest on Long-Term Debt	11.69M	10.93M	10.06M	7.66M	5.29M
Supplemental Operating Expense Items
Marketing Expenses	1.09B	820M	512M	591M	612M
Selling and Marketing Expenses	2.04B	1.71B	1.12B	1.14B	1.2B
General and Administrative Expenses	275M	208M	186M	143M	133M
Research And Development Expense From Footnotes	66.53M	61.32M	42.83M	33.72M	25.01M
Net Rental Expense, Total	91.81M	68.29M	30.5M	5.16M	13.7M
Imputed Operating Lease Interest Expense	10.48M	8.56M	4.25M	766K	2.34M
Imputed Operating Lease Depreciation	81.33M	59.73M	26.25M	4.39M	11.36M
Stock-Based Comp., COGS (Total)	146K	101K	33K	-	-
Stock-Based Comp., S&M Exp. (Total)	14.28M	-14K	4.17M	-	-
Stock-Based Comp., G&A Exp. (Total)	15.32M	681K	2.98M	-	-
Total Stock-Based Compensation	29.75M	768K	7.18M	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	761M	627M	754M	764M	507M
Short Term Investments	518M	184M	70.54M	142M	276M
Total Cash And Short Term Investments	1.28B	811M	824M	906M	783M
Other Receivables	25.7M	55.74M	26.81M	29.34M	24.53M
Total Receivables	25.7M	55.74M	26.81M	29.34M	24.53M
Inventory	-	-	14.15M	14.24M	19.68M
Prepaid Expenses	80.93M	96.99M	41.63M	50.68M	36.61M
Restricted Cash	-	50.01M	3.76M	2.58M	-
Other Current Assets, Total	169M	113M	58.56M	29.04M	20.24M
Total Current Assets	1.55B	1.13B	969M	1.03B	884M
Gross Property Plant And Equipment	1.11B	1.36B	1.25B	1.11B	1.08B
Accumulated Depreciation	-111M	-141M	-160M	-188M	-216M
Net Property Plant And Equipment	1B	1.22B	1.09B	922M	868M
Long-term Investments	64.09M	54.84M	73.51M	61.35M	260M
Other Intangibles, Total	14.78M	2.76M	1.51M	975K	723K
Loans Receivable Long-Term	28.9M	30.7M	29.91M	28.22M	21.72M
Deferred Tax Assets Long-Term	13.02M	39.26M	26.8M	-	24.7M
Deferred Charges Long-Term	170M	109M	78.84M	68.77M	56.66M
Other Long-Term Assets, Total	416M	9.46M	7.97M	4.94M	4.6M
Total Assets	3.26B	2.59B	2.28B	2.12B	2.12B
Liabilities
Accrued Expenses, Total	293M	187M	155M	180M	190M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	32.5M	38.65M	38.65M	38.65M	6.15M
Current Portion of Leases	30.7M	14.31M	17.06M	8.02M	8.32M
Current Income Taxes Payable	15.54M	75.67M	39.5M	26.97M	36.74M
Unearned Revenue Current, Total	1.46B	1.27B	986M	554M	382M
Other Current Liabilities	360M	324M	242M	202M	178M
Total Current Liabilities	2.2B	1.91B	1.48B	1.01B	801M
Long-Term Debt	161M	182M	143M	105M	35.39M
Long-Term Leases	533M	404M	317M	157M	137M
Unearned Revenue Non Current	1.56B	1.08B	705M	560M	534M
Deferred Tax Liability Non Current	15.22M	21.78M	5.98M	3.74M	5.72M
Other Non Current Liabilities	7.66M	11.7M	6.77M	6.99M	7.31M
Total Liabilities	4.47B	3.61B	2.66B	1.84B	1.52B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	2K	2K	2K	2K	2K
Additional Paid In Capital	2.37B	2.36B	2.31B	2.31B	2.29B
Retained Earnings	-3.68B	-3.46B	-2.81B	-2.17B	-1.83B
Comprehensive Income and Other	96.49M	82.53M	128M	143M	136M
Total Common Equity	-1.21B	-1.01B	-374M	277M	601M
Minority Interest	-658K	-4.93M	-5.36M	-1.49M	-1.49M
Total Equity	-1.21B	-1.01B	-380M	276M	600M
Total Liabilities And Equity	3.26B	2.59B	2.28B	2.12B	2.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.46M	13.29M	13.85M	13.71M	13.52M
ECS Total Common Shares Outstanding	13.46M	13.34M	13.85M	13.72M	13.52M
Book Value / Share	-90.02	-75.67	-27.03	20.19	44.48
Tangible Book Value	-1.23B	-1.01B	-376M	276M	601M
Tangible Book Value Per Share	-91.11	-75.87	-27.14	20.12	44.43
Total Debt	756M	639M	516M	309M	187M
Net Debt	-522M	-172M	-308M	-597M	-596M
Debt Equivalent Oper. Leases	735M	546M	244M	41.26M	110M
Minority Interest, Total (Incl. Fin. Div)	-658K	-4.93M	-5.36M	-1.49M	-1.49M
Equity Method Investments, Total	64.09M	54.84M	60.89M	44.83M	30.28M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	480M	865M	865M	865M	865M
Machinery, Total	35.31M	37.5M	38.47M	37.43M	37.07M
Full Time Employees	7.35K	4.06K	2.32K	2.11K	2.07K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-431M	219M	644M	641M	342M
Depreciation & Amortization - CF	39.57M	36.36M	45.37M	29.12M	28.78M
Amortization of Goodwill and Intangible Assets - (CF)	91K	251K	1.31M	1.52M	682K
Depreciation & Amortization, Total	39.66M	36.61M	46.68M	30.65M	29.47M
Amortization of Deferred Charges, Total - (CF)	602K	1.3M	-	1.4M	4.16M
(Gain) Loss From Sale Of Asset	7.62M	-38.54M	272K	-43.82M	820K
(Gain) Loss on Sale of Investments - (CF)	882K	5M	891K	-1.89M	-1.61M
(Income) Loss On Equity Investments - (CF)	-1.35M	4.89M	-6.45M	10.08M	13.51M
Stock-Based Compensation (CF)	29.75M	768K	7.18M	-	-
Other Operating Activities, Total	-446K	-6.69M	-950K	-3.52M	16.82M
Change in Unearned Revenues	-204M	-647M	-657M	-554M	-194M
Change In Deferred Taxes	-236K	-19.69M	-3.33M	24.56M	-22.72M
Change in Other Net Operating Assets	370M	70.73M	-22.13M	36.31M	6.98M
Cash from Operations	-189M	-373M	9.14M	141M	196M
Capital Expenditure	-12.43M	-13.68M	-3.24M	-5.76M	-259K
Sale of Property, Plant, and Equipment	25K	-	75K	118K	39K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	15.2M	-886K	-317K	-67K
Sale (Purchase) of Intangible assets	-14.54M	10.94M	-	-595K	-147K
Investment in Marketable and Equity Securities, Total	-323M	333M	100M	-67.64M	-366M
Other Investing Activities, Total	903K	-2.4M	123K	2.38M	7.43M
Cash from Investing	-349M	343M	96.18M	-71.82M	-359M
Long-Term Debt Issued, Total	-	61.54M	-	-	-
Total Debt Issued	-	61.54M	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-32.5M	-34.04M	-38.65M	-38.65M	-102M
Total Debt Repaid	-32.5M	-34.04M	-38.65M	-38.65M	-102M
Issuance of Common Stock	-	-	10.05M	-	-
Repurchase of Common Stock	-26.58M	-4.87M	-6.74M	-4.75M	-10.95M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-32.56M	-31.25M	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-32.56M	-31.25M	-
Other Financing Activities, Total	-	-61.54M	-	-	-
Cash from Financing	-59.08M	-38.9M	-67.91M	-74.66M	-113M
Foreign Exchange Rate Adjustments	-44.49M	-14.51M	43.27M	14.65M	16.92M
Net Change in Cash	-642M	-83.99M	80.68M	8.97M	-259M
Supplemental Items
Cash Interest Paid	11.78M	10.26M	10.19M	7.78M	5.51M
Cash Income Tax Paid (Refund)	18K	-	13.62M	11.22M	8.87M
Levered Free Cash Flow	-256M	-219M	170M	-59.66M	64.33M
Unlevered Free Cash Flow	-248M	-212M	176M	-54.87M	67.63M
Change In Net Working Capital	-114M	319M	260M	440M	152M
Net Debt Issued / Repaid	-32.5M	27.5M	-38.65M	-38.65M	-102M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-11.22	2.44	15.84	16.35	8.78
Return on Total Capital	260.01	-17.19	-322.6	99.78	27.16
Return On Equity %	44.19	-19.08	-92.25	-1.23K	78.15
Return on Common Equity	44.17	-19.73	-93.08	-1.32K	77.89
Margin Analysis
Gross Profit Margin %	82.43	85	85.01	87.7	84.04
SG&A Margin	108.86	78	56.61	59.52	67.82
EBITDA Margin %	-27.65	6.02	28.57	28.04	16.45
EBITA Margin %	-29.45	4.57	26.61	26.69	15
EBIT Margin %	-29.45	4.56	26.56	26.62	14.97
Income From Continuing Operations Margin %	-19.56	8.47	27.68	29.67	17.19
Net Income Margin %	-19.54	8.73	27.72	29.67	17.19
Net Avail. For Common Margin %	-19.54	8.73	27.72	29.67	17.19
Normalized Net Income Margin	-16.62	4.1	17.64	17.95	10.76
Levered Free Cash Flow Margin	-11.6	-8.73	7.32	-2.76	3.23
Unlevered Free Cash Flow Margin	-11.27	-8.46	7.59	-2.54	3.4
Asset Turnover
Asset Turnover	0.61	0.86	0.95	0.98	0.94
Fixed Assets Turnover	2.06	2.26	2.01	2.15	2.22
Inventory Turnover (Average Inventory)	-	-	30.24	18.7	18.73
Short Term Liquidity
Current Ratio	0.71	0.59	0.66	1.02	1.1
Quick Ratio	0.59	0.45	0.58	0.93	1.01
Operating Cash Flow to Current Liabilities	-0.09	-0.2	0.01	0.14	0.24
Days Outstanding Inventory (Average Inventory)	-	-	12.07	19.51	19.55
Long Term Solvency
Total Debt/Equity	-62.4	-63.02	-135.81	112	31.16
Total Debt / Total Capital	-165.96	-170.38	379.24	52.83	23.76
LT Debt/Equity	-57.19	-57.79	-121.14	95.06	28.74
Long-Term Debt / Total Capital	-152.09	-156.26	338.28	44.84	21.92
Total Liabilities / Total Assets	137.17	139.12	116.69	86.99	71.72
EBIT / Interest Expense	-55.51	10.46	61.33	75.08	56.28
EBITDA / Interest Expense	-44.26	20.05	69.01	79.76	64.44
(EBITDA - Capex) / Interest Expense	-45.33	18.8	68.68	79	64.39
Total Debt / EBITDA	-1.46	2.92	0.74	0.51	0.55
Net Debt / EBITDA	1.01	-0.78	-0.44	-0.98	-1.75
Total Debt / (EBITDA - Capex)	-1.43	3.11	0.75	0.51	0.55
Net Debt / (EBITDA - Capex)	0.99	-0.84	-0.45	-0.99	-1.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.45	13.8	-7.37	-7.04	-7.84
Gross Profit, 1 Yr. Growth %	1.05	17.35	-7.35	-4.1	-11.69
EBITDA, 1 Yr. Growth %	43.89	-124.76	336.08	-8.75	-45.94
EBITA, 1 Yr. Growth %	41.16	-117.65	433.81	-6.77	-48.2
EBIT, 1 Yr. Growth %	41.18	-117.61	439.92	-6.82	-48.18
Earnings From Cont. Operations, 1 Yr. Growth %	9.07	-149.27	202.78	-0.34	-46.62
Net Income, 1 Yr. Growth %	9.05	-150.88	193.97	-0.49	-46.62
Normalized Net Income, 1 Yr. Growth %	49.46	-138.29	298.6	-5.43	-44.78
Diluted EPS Before Extra, 1 Yr. Growth %	10.27	-151.08	189.13	-1.34	-46.04
Inventory, 1 Yr. Growth %	-	-	59.47	0.61	38.19
Net Property, Plant and Equip., 1 Yr. Growth %	-12.64	22	-10.78	-15.25	-5.87
Total Assets, 1 Yr. Growth %	-17.83	-20.49	-12.21	-6.92	0.13
Tangible Book Value, 1 Yr. Growth %	65.86	-17.47	-62.85	-173.42	117.57
Common Equity, 1 Yr. Growth %	64.12	-16.69	-62.89	-173.98	117.06
Cash From Operations, 1 Yr. Growth %	-64.64	97.86	-102.45	1.44K	38.86
Capital Expenditures, 1 Yr. Growth %	-49.79	10.08	-76.3	77.71	-95.51
Levered Free Cash Flow, 1 Yr. Growth %	-50.4	-14.35	-177.71	-135.06	-207.82
Unlevered Free Cash Flow, 1 Yr. Growth %	-50.97	-14.58	-183.18	-131.1	-223.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.66	6.92	2.67	-7.2	-7.44
Gross Profit, 2 Yr. CAGR %	5.13	8.9	4.27	-5.74	-7.97
EBITDA, 2 Yr. CAGR %	-22.09	-40.31	4.41	99.48	-29.76
EBITA, 2 Yr. CAGR %	-20.58	-50.09	-2.35	123.12	-30.51
EBIT, 2 Yr. CAGR %	-20.58	-50.15	-2.5	124.3	-30.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-31.81	-26.69	22.14	73.71	-27.06
Net Income, 2 Yr. CAGR %	-31.85	-25.51	22.3	71.04	-27.12
Normalized Net Income, 2 Yr. CAGR %	-20.49	-35.24	23.53	94.21	-27.73
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.21	-24.95	21.53	68.89	-27.03
Inventory, 2 Yr. CAGR %	-	-	-	26.67	17.91
Net Property, Plant and Equip., 2 Yr. CAGR %	33.69	3.24	4.33	-13.04	-10.68
Total Assets, 2 Yr. CAGR %	-6.61	-19.18	-16.45	-9.6	-3.46
Tangible Book Value, 2 Yr. CAGR %	89.77	17	-44.63	-47.77	26.39
Common Equity, 2 Yr. CAGR %	89.01	16.93	-44.4	-47.61	26.72
Cash From Operations, 2 Yr. CAGR %	2.22	-16.36	-77.98	-38.58	362.41
Capital Expenditures, 2 Yr. CAGR %	-84.51	-25.66	-48.92	-35.1	-71.74
Levered Free Cash Flow, 2 Yr. CAGR %	-45.06	-34.82	-18.42	-47.8	-38.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-45.81	-35.28	-15.71	-49.14	-38.09
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	31.45	8.31	1.93	-0.67	-7.42
Gross Profit, 3 Yr. CAGR %	31.44	9.05	3.19	1.4	-7.76
EBITDA, 3 Yr. CAGR %	-12.84	-46.83	16.15	-0.18	29.09
EBITA, 3 Yr. CAGR %	-11.23	-51.9	10.38	-3.84	37.13
EBIT, 3 Yr. CAGR %	-11.23	-51.93	10.3	-3.96	37.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.3	-38.81	17.62	14.14	17.22
Net Income, 3 Yr. CAGR %	-22.32	-38.18	17.71	14.18	16.02
Normalized Net Income, 3 Yr. CAGR %	-13.91	-43.81	18.68	13.03	27.71
Diluted EPS Before Extra, 3 Yr. CAGR %	-35.06	-39.53	17.65	13.37	15.46
Inventory, 3 Yr. CAGR %	-	-	-	-	30.4
Net Property, Plant and Equip., 3 Yr. CAGR %	23.94	29.67	-1.67	-2.65	-10.71
Total Assets, 3 Yr. CAGR %	18.3	-11.49	-16.92	-13.39	-6.47
Tangible Book Value, 3 Yr. CAGR %	-9.3	43.78	-20.18	-39.17	-15.96
Common Equity, 3 Yr. CAGR %	-9.64	43.84	-20.24	-38.85	-15.85
Cash From Operations, 3 Yr. CAGR %	-38.71	27.39	-74.22	-9.29	-19.39
Capital Expenditures, 3 Yr. CAGR %	-68.51	-70.21	-49.21	-22.6	-73.35
Levered Free Cash Flow, 3 Yr. CAGR %	-18.55	-36.3	-30.89	-38.43	-33.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	-19.33	-36.93	-29.64	-39.54	-31.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	69.18	43.03	19.08	1.81	-1.93
Gross Profit, 5 Yr. CAGR %	79.57	43.7	19.81	2.88	-1.43
EBITDA, 5 Yr. CAGR %	14.22	-9.9	-6.33	-9.62	-5.02
EBITA, 5 Yr. CAGR %	15.39	-15.06	-7.8	-10.94	-8.27
EBIT, 5 Yr. CAGR %	15.4	-15.1	-7.83	-10.99	-8.31
Earnings From Cont. Operations, 5 Yr. CAGR %	6.43	-3.48	-6.89	-7.12	-2.84
Net Income, 5 Yr. CAGR %	6.23	-2.88	-6.86	-7.12	-2.83
Normalized Net Income, 5 Yr. CAGR %	13.18	-8.29	-6.52	-7.72	-2.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.06	-13.28	-16.56	-8.81	-2.81
Net Property, Plant and Equip., 5 Yr. CAGR %	206.98	136.62	15.69	10.52	-5.38
Total Assets, 5 Yr. CAGR %	100.72	60.29	2.93	-10.74	-11.78
Tangible Book Value, 5 Yr. CAGR %	26.91	2.6	-25.55	-4.11	-4.07
Common Equity, 5 Yr. CAGR %	26.65	2.57	-25.59	-3.96	-4.02
Cash From Operations, 5 Yr. CAGR %	235.32	33.12	-59.31	-4.85	-18.19
Capital Expenditures, 5 Yr. CAGR %	17.02	-2.92	-61.79	-59.33	-59.83
Levered Free Cash Flow, 5 Yr. CAGR %	-	12.02	-18.49	-41.18	-34.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	11.32	-17.9	-42.13	-33.15