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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 65,263 $ 53,454
Term deposits 215 0
Accounts receivable (net of allowance for doubtful accounts of $467 and $473 as of December 31, 2020 and 2021, respectively) 1,300 1,844
Inventories 6,130 5,773
Prepaid expenses and other current assets 9,344 8,927
Loan receivables   107
Total current assets 82,252 70,105
Non-current assets    
Restricted cash 993 1,127
Property, plant and equipment, net 39,379 47,638
Goodwill 42,102 46,147
Intangible assets, net 12,737 14,179
Long-term investments 169 217
Deferred tax assets 22,803 21,168
Other non-current assets 8,668 14,438
Operating lease right-of-use assets 73,973 87,472
TOTAL ASSETS 283,076 302,491
Current liabilities    
Prepayments from customers, current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $4,145 and $4,881 as of December 31, 2020 and 2021, respectively) 4,919 4,145
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Group of $42,703 and $41,790 as of December 31, 2020 and 2021, respectively) 55,642 54,406
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Group of $17,865 and $19,729 as of December 31, 2020 and 2021, respectively) 20,888 18,592
Operating lease liabilities, current portion (including operating lease liabilities of the consolidated VIEs without recourse to the Group of $12,277 and $9,017 as of December 31, 2020 and 2021, respectively) 13,890 16,856
Deferred revenue, current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $29,367 and $23,289 as of December 31, 2020 and 2021, respectively) 27,019 34,351
Long-term debt, current portion (including long-term debt of the consolidated VIEs without recourse to the Group of $nil and $nil as of December 31, 2020 and 2021, respectively)   7
Total current liabilities 122,358 128,357
Non-current liabilities    
Prepayments from customers, non-current portion (including prepayments from customers of the consolidated VIEs without recourse to the Group of $4,024, and $1,461 as of December 31, 2020 and 2021, respectively) 1,461 4,024
Deferred revenue, non-current portion (including deferred revenue of the consolidated VIEs without recourse to the Group of $709, and $255 as of December 31, 2020 and 2021, respectively) 999 1,726
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to the Group of $9,307 and $8,518 as of December 31, 2020 and 2021, respectively) 11,645 12,519
Deferred income tax liabilities (including deferred income tax liabilities of the consolidated VIEs without recourse to the Group of $nil and $217 as of December 31, 2020 and 2021, respectively) 1,768 1,890
Operating lease liabilities, non-current portion (including operating lease liabilities of the consolidated VIEs without recourse to the Group of $67,726 and $56,799 as of December 31, 2020 and 2021, respectively) 65,689 76,308
TOTAL LIABILITIES 203,920 224,824
MEZZANINE EQUITY    
Redeemable non-controlling interests 4,942 9,988
EQUITY    
Ordinary shares (par value of $0.001 per share; 990,000,000 shares authorized; 29,213,801 shares issued and 27,812,754 shares outstanding as of December 31, 2020; 29,213,801 shares issued and 28,035,934 shares outstanding as of December 31, 2021) 29 29
Treasury stock (8,667) (10,321)
Additional paid-in capital 136,504 141,094
Statutory reserve 5,164 4,652
Accumulated other comprehensive loss (income) 257 (1,468)
Accumulated deficit (65,559) (71,837)
Total RYB Education, Inc. shareholders' equity 67,728 62,149
Non-controlling interest 6,486 5,530
TOTAL EQUITY 74,214 67,679
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY $ 283,076 $ 302,491