Four Seasons Education (Cayman) (FEDU) Cash Flow: Operating & Free Cash Flow

Four Seasons Education (Cayman) Cash Flow Statement Analysis

Values in millions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Four Seasons Education (Cayman) Inc. (FEDU) - Annual data in millions CNY
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017
Operating Activities
Net Income	29.09	-0.63	2.78	-33.49	-113.46	-27.89	-109.49	-0.60	44.37	17.67
Depreciation & Amortization	17.82	12.00	8.32	6.55	10.18	70.17	19.75	17.96	6.54	1.76
Deferred Income Tax	0.00	0.00	0.03	0.12	0.00	0.00	0.00	0.00	0.00	0.00
Stock Based Compensation	1.65	5.03	3.12	3.17	9.00	27.51	30.86	32.25	23.47	3.36
Change in Working Capital	-9.52	5.96	4.68	-5.98	-78.22	-35.43	-29.56	30.65	14.39	18.06
Change in Accounts Receivable	6.86	-4.89	-0.29	1.15	-1.68	1.01	-0.67	4.94	-5.46	0.15
Change in Accounts Payable	-0.03	3.75	2.11	3.03	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-15.64	7.10	-6.56	2.96	-76.54	-49.87	-28.90	25.70	19.85	17.91
Other Operating Activities	-9.02	-2.35	-2.34	2.96	81.18	-3.24	170.64	-27.11	7.20	78.63
Net Cash from Operating Activities	30.03	20.01	16.56	-25.49	-91.32	31.12	82.20	53.15	95.96	119.48
Investing Activities
Capital Expenditures	-6.91	-57.25	-56.62	-8.66	-9.88	-10.44	-9.19	-17.87	-23.11	-6.66
Acquisitions	0.00	0.00	0.07	0.00	-0.32	0.85	-10.12	-133.90	-1.30	3.84
Purchases of Investments	-702.74	-147.67	-224.35	-364.61	0.00	-251.30	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	602.36	206.96	351.83	276.57	0.00	192.88	0.00	0.00	0.00	0.00
Other Investing Activities	-1.45	0.49	0.55	-88.04	14.50	0.00	-79.45	-35.45	-146.03	-7.36
Net Cash from Investing Activities	-108.08	2.53	71.48	-96.70	4.30	-68.00	-98.75	-187.22	-170.45	-10.18
Financing Activities
Debt Repayment	7.87	41.93	-0.16	-0.60	-0.51	0.10	0.99	0.21	0.39	0.00
Common Stock Issued	0.08	0.00	0.00	0.00	0.00	0.01	0.00	0.00	580.15	0.00
Common Stock Repurchased	0.00	0.00	-0.16	-0.24	-27.80	0.00	-27.90	0.00	0.00	0.00
Dividends Paid	0.00	-34.89	0.00	0.00	0.00	0.00	0.00	-3.68	-122.09	0.00
Other Financing Activities	1.12	5.32	0.00	0.00	2.75	0.09	0.50	2.90	3.16	74.90
Net Cash from Financing Activities	9.06	12.37	41.27	-0.84	-25.56	0.20	-26.42	-0.56	461.61	74.90
Summary
Effect of Forex Changes on Cash	-3.76	2.15	-4.12	27.39	-3.93	-16.46	14.09	22.54	-34.77	4.43
Net Change in Cash	-72.75	37.05	125.19	-95.64	-116.51	-53.14	-28.88	-112.09	352.36	188.64
Cash at Beginning of Period	339.30	302.25	177.06	272.70	389.21	442.36	471.24	583.32	230.97	42.33
Cash at End of Period	266.54	339.30	302.25	177.06	272.70	389.21	442.36	471.24	583.32	230.97
Free Cash Flow	23.12	-37.25	-40.06	-34.15	-101.20	20.68	73.01	35.28	72.85	112.82
Supplemental Disclosures
Income Taxes Paid	-	0.05	0.06	0.16	3.32	10.19	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Feb 28, 2026. Data sources and methodology

Frequently Asked Questions About Four Seasons Education (Cayman) Cash Flow

What is Four Seasons Education (Cayman)'s free cash flow?

Four Seasons Education (Cayman) generated free cash flow of CNY 23.12M in fiscal 2026 (fiscal year ended Feb 28, 2026), operating cash flow of CNY 30.03M minus CNY 6.91M of capital expenditures. Free cash flow equaled 9.1% of revenue.

How much does Four Seasons Education (Cayman) spend on capital expenditures?

Four Seasons Education (Cayman) spent CNY 6.91M on capital expenditures in fiscal 2026, compared with CNY 57.25M a year earlier. That equals 23.0% of operating cash flow.

Does Four Seasons Education (Cayman) pay dividends or buy back shares?

Four Seasons Education (Cayman)'s cash flow statement for fiscal 2026 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition