New Oriental Education & Technology Group Inc.
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $296.1M | $274.5M | $224.9M | $193.0M | $215.7M | $136.3M | $132.7M | $101.8M |
| Depreciation & Amortization | $77.1M | $53.9M | $47.3M | $46.7M | $43.6M | $39.0M | $26.2M | $16.4M |
| Depreciation | — | — | — | — | — | — | $26.2M | $16.4M |
| Amortization | $1.8M | $1.4M | $1.1M | $607.0K | $113.0K | $101.0K | $52.0K | $529.0K |
| Stock-Based Compensation | $57.4M | $20.3M | $16.8M | $15.7M | $20.1M | $27.2M | $24.1M | $15.0M |
| Net Cash from Operating Activities | $781.1M | $622.7M | $524.3M | $374.1M | $361.3M | $283.6M | $249.3M | $215.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $214.3M | $105.7M | $64.4M | $55.3M | $31.7M | $61.5M | $71.7M | $49.1M |
| Business Acquisitions | $999.0K | $908.0K | — | $10.6M | — | — | — | — |
| Net Cash from Investing Activities | $-407.1M | $-672.4M | $-309.7M | $-173.4M | $-344.4M | $-237.9M | $-143.7M | $-198.2M |
| Financing Activities | ||||||||
| Dividends Paid | $71.2M | — | $62.7M | — | $54.5M | $47.0M | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-74.9M | $4.8M | $-916.0K | $-44.3M | $-54.1M | $-70.8M | $945.0K | $6.4M |
| Net Change in Cash | $342.1M | $-68.5M | $177.9M | $159.7M | $-45.6M | $-11.1M | $111.0M | $36.2M |
| Free Cash Flow | $566.9M | $517.0M | $459.9M | $318.8M | $329.6M | $222.2M | $177.6M | $166.7M |