XML 139 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Net revenues      
Educational programs and services $ 2,785,254 $ 2,165,152 $ 1,608,954
Net revenues 3,096,491 2,447,430 1,799,509
Operating cost and expenses      
Cost of revenues (1,376,269) (1,065,740) (749,586)
Selling and marketing (384,287) (324,249) (232,826)
General and administrative (1,034,028) (794,482) (554,948)
Total operating cost and expenses (2,794,584) (2,184,471) (1,537,360)
Gain on disposal of subsidiaries 3,627    
Operating income 305,534 262,959 262,149
Other income, net      
Interest income 97,530 84,838 61,445
Interest expense (1,615)    
Realized gain from long-term investments 26,379 7,366 7,086
Impairment loss from long-term investments (5,919) (980) (2,338)
Loss from fair value change of long-term investments (104,636)    
Miscellaneous income (loss), net (1,424) 2,841 2,367
Income before income taxes and loss from equity method investments 315,849 357,024 330,709
Provision for income taxes:      
Current (103,031) (72,785) (51,142)
Deferred 17,317 13,377 518
Provision for income taxes (85,714) (59,408) (50,624)
Loss from equity method investments (2,289) (379) (3,289)
Net income 227,846 297,237 276,796
Less: Net income/(loss) attributable to non-controlling interests (10,219) 1,107 2,339
Net income attributable to New Oriental Education & Technology Group Inc.'s shareholders $ 238,065 $ 296,130 $ 274,457
Net income per common share (Note 20)      
- Basic $ 1.50 $ 1.87 $ 1.74
- Diluted $ 1.50 $ 1.87 $ 1.74
Weighted average shares used in calculating basic and diluted net income per share      
- Basic 158,293,890 158,168,794 157,551,320
- Diluted 159,039,345 158,556,500 157,986,394
Books and other services [Member]      
Net revenues      
Net revenues $ 311,237 $ 282,278 $ 190,555