TAL Education Group
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.72B | $1.04B | $619.9M | $434.0M | $313.9M | $225.9M | $177.5M | $110.6M |
| Cost of Revenue | $882.3M | $522.3M | $303.6M | $203.1M | $151.5M | $115.7M | $95.6M | $56.1M |
| Gross Profit | $832.7M | $520.8M | $316.3M | $230.9M | $162.4M | $110.2M | $81.9M | $54.4M |
| Gross Margin | 48.6% | 49.9% | 51.0% | 53.2% | 51.7% | 48.8% | 46.2% | 49.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $386.3M | $263.3M | $161.0M | $110.2M | $70.3M | $51.1M | $37.8M | $19.1M |
| Operating Income | $208.6M | $134.6M | $85.1M | $67.2M | $57.4M | $31.4M | $21.0M | $25.6M |
| Operating Margin | 12.2% | 12.9% | 13.7% | 15.5% | 18.3% | 13.9% | 11.8% | 23.1% |
| Interest Expense | $16.6M | $13.1M | $7.5M | $5.8M | $0 | — | — | $59.2K |
| Pretax Income | $247.0M | $154.6M | $136.9M | $77.2M | $67.3M | $37.5M | $28.5M | $27.0M |
| Income Tax Expense | $44.7M | $34.1M | $33.5M | $9.4M | $6.7M | $4.1M | $4.2M | $2.6M |
| Net Income | $198.4M | $116.9M | $102.9M | $67.2M | $60.6M | $33.4M | $24.3M | $24.0M |
| Net Margin | 11.6% | 11.2% | 16.6% | 15.5% | 19.3% | 14.8% | 13.7% | 21.7% |
| EPS (Basic) | $1.13 | $0.72 | $0.64 | $0.42 | $0.39 | $0.21 | $0.16 | $0.18 |
| EPS (Diluted) | $1.03 | $0.66 | $0.60 | $0.41 | $0.38 | $0.21 | $0.16 | $0.18 |
| Shares Outstanding (Basic) | 175.0M | 162.5M | 160.1M | 158.4M | 156.7M | 155.6M | 154.0M | 131.9M |
| Shares Outstanding (Diluted) | 194.3M | 188.5M | 183.1M | 163.6M | 159.4M | 156.6M | 155.9M | 136.4M |
| Dividends Per Share | — | — | — | — | — | $0.25 | $0.25 | — |