New Oriental Education & Technology Group Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.45B | $1.80B | $1.48B | $1.25B | $1.14B | $959.9M | $753.2M | $539.9M |
| Cost of Revenue | $1.07B | $749.6M | $614.4M | $526.3M | $451.7M | $384.2M | $293.1M | $213.8M |
| Gross Profit | $1.38B | $1.05B | $864.0M | $720.4M | $687.2M | $575.7M | $460.1M | $326.1M |
| Gross Margin | 56.5% | 58.3% | 58.4% | 57.8% | 60.3% | 60.0% | 61.1% | 60.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $794.5M | $554.9M | $471.0M | $378.4M | $324.2M | $311.0M | $226.4M | $148.4M |
| Operating Income | $263.0M | $262.1M | $198.8M | $153.5M | $197.6M | $122.6M | $120.2M | $94.2M |
| Operating Margin | 10.7% | 14.6% | 13.4% | 12.3% | 17.3% | 12.8% | 16.0% | 17.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $357.0M | $330.7M | $267.3M | $220.5M | $243.2M | $153.5M | $143.5M | $109.8M |
| Income Tax Expense | $59.4M | $50.6M | $37.5M | $26.2M | $26.0M | $15.4M | $10.8M | $8.2M |
| Net Income | $296.1M | $274.5M | $224.9M | $193.0M | $215.7M | $136.3M | $132.7M | $101.8M |
| Net Margin | 12.1% | 15.3% | 15.2% | 15.5% | 18.9% | 14.2% | 17.6% | 18.9% |
| EPS (Basic) | $0.19 | $0.17 | $0.14 | $0.12 | $0.14 | $0.09 | $0.09 | $0.07 |
| EPS (Diluted) | $0.19 | $0.17 | $0.14 | $0.12 | $0.14 | $0.09 | $0.09 | $0.07 |
| Shares Outstanding (Basic) | 1.58B | 1.58B | 1.57B | 1.56B | 1.56B | 1.56B | 1.55B | 1.53B |
| Shares Outstanding (Diluted) | 1.59B | 1.58B | 1.57B | 1.57B | 1.58B | 1.58B | 1.57B | 1.56B |
| Dividends Per Share | — | — | — | — | — | — | — | — |