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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2022
CNY (¥)
Feb. 28, 2022
USD ($)
Feb. 28, 2021
CNY (¥)
Feb. 29, 2020
CNY (¥)
Cash flows from operating activities        
Net loss for the year ¥ (118,732) $ (18,822) ¥ (27,886) ¥ (109,569)
Adjustments to reconcile net cash flows from operating activities:        
Share-based compensation 9,002 1,427 27,513 30,858
Allowance for credit losses 6,881 1,091   5,267
Depreciation of property and equipment 8,458 1,341 13,754 15,424
Noncash lease expenses 39,476 6,258 54,466 54,808
Loss of disposal of property and equipment 954 151 416 249
Loss from property and equipment impairment 7,871 1,248 0 764
Amortization of intangible assets 1,719 272 1,949 4,328
Loss from intangible assets impairment 2,255 357 0 30,804
Loss from equity method investments, net of taxes 36,750 5,826 3,852 224
Loss from goodwill impairment 42,307 6,707 0 114,612
Fair value change of investments 1,106 175 (2,148) (11,134)
Gain from disposal of liabilities and a subsidiary (4,048) (642) (2,087)  
Deferred income taxes 14,436 2,288 (3,271) (12,676)
Changes in operating assets and liabilities and other, net:        
Accounts receivable and contract assets (1,677) (266) 1,008 (665)
Amounts due from related parties (332) (53) (515) (594)
Other receivables, deposits and other assets (11,920) (1,890) 8,091 (3,517)
Other non-current assets (1,737) (275) (91) (107)
Changes in operating lease liabilities (59,801) (9,480) (57,938) (47,550)
Amounts due to related parties 396 63 587 446
Accrued expenses and other current liabilities (3,148) (499) 11,912 22,424
Income tax payable 4,577 726 (2,159) 3,724
Deferred revenue (66,114) (10,480) 3,671 (15,925)
Net cash provided by (used in) operating activities (91,321) (14,477) 31,124 82,195
Cash flows from investing activities        
Purchases of property and equipment (9,876) (1,566) (10,441) (9,186)
Purchases of intangible assets (120) (19)    
Acquisition of businesses, net of cash acquired (422) (67) 854 (10,115)
Payments to equity method investments (14,000) (2,219) (44,481)  
Purchase of short-term investments (89,544) (14,194) (31,000) (10,000)
Purchase of investments under fair value     (175,820) (104,602)
Proceeds from maturity of investments 128,136 20,312 192,884 35,157
Loans to related parties (588) (93)    
VIE consolidation 100 16    
Disposal of liabilities (7,500) (1,189)    
Disposal of a subsidiary (1,889) (299)    
Net cash (used in) provided by investing activities 4,297 682 (68,004) (98,746)
Cash flows from financing activities        
Payments to acquire non-controlling interests       (3,335)
Contribution from non-controlling interests 3,630 575 90 3,073
Proceeds from related parties loans     100 986
Repayment on related parties loans (508) (81)    
Net proceeds from options exercised     8 758
Repurchase of ordinary shares (27,795) (4,406)   (27,899)
Dividends paid to NCI (882) (140)    
Net cash (used in) provided by financing activities (25,555) (4,052) 198 (26,417)
Effect of foreign exchange rate changes (3,932) (623) (16,460) 14,088
Net decrease in cash, cash equivalents and restricted cash (116,511) (18,470) (53,142) (28,880)
Cash, cash equivalents and restricted cash at beginning of the year 389,213 61,698 442,355 471,235
Cash, cash equivalents and restricted cash at end of the year 272,702 43,228 389,213 442,355
Reconciliation in amounts on consolidated balance sheets:        
Cash and cash equivalents 262,429 41,600 378,358 404,652
Restricted cash 10,273 1,628 10,855 37,703
Cash, cash equivalents and restricted cash at end of the year 272,702 43,228 389,213 442,355
Supplemental disclosure of cash flow information:        
Income taxes paid 3,315 525 10,189 13,142
Cash paid for amounts included in measurement of lease liabilities 39,013 6,184 59,547 60,206
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 30,259 4,797 51,434 16,412
Supplemental schedule of non-cash investing and financing activities:        
Purchases of property and equipment included in payable ¥ 326 $ 52 302 ¥ 221
Non-cash contribution from non-controlling interests     ¥ 11,686