# Sunlands Technology Group: Form 20-F for the period ended Dec 31, 2022

- Company: [Sunlands Technology Group](/companies/stg.md) (CIK 1723935)
- Form: 20-F
- Filed: 2023-04-25
- Accepted by EDGAR: Apr 25, 2023, 06:07 ET
- Period: 2022-12-31
- Accession: 0000950170-23-014218
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1723935/000095017023014218/stg-20221231.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1723935/000095017023014218/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2022-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2022-01-01 to 2022-12-31 | $336.8m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2022-01-01 to 2022-12-31 | $50.5m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2022-01-01 to 2022-12-31 | $286.3m | us-gaap:GrossProfit |
| Research and development | 12 months, 2022-01-01 to 2022-12-31 | $6.2m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2022-01-01 to 2022-12-31 | $89.4m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2022-01-01 to 2022-12-31 | $1.5m | us-gaap:InterestExpense |
| Income tax | 12 months, 2022-01-01 to 2022-12-31 | $1.7m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2022-01-01 to 2022-12-31 | $93.4m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2022-01-01 to 2022-12-31 | $13.65 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2022-01-01 to 2022-12-31 | $13.65 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2022-01-01 to 2022-12-31 | 6,840,079 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2022-01-01 to 2022-12-31 | $1.3m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2022-01-01 to 2022-12-31 | $470.0k | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 12 months, 2022-01-01 to 2022-12-31 | $4.7m | us-gaap:PaymentsOfDividends |
| Cash and equivalents | at 2022-12-31 | $109.3m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2022-12-31 | $140.5m | us-gaap:AssetsCurrent |
| Total assets | at 2022-12-31 | $330.0m | us-gaap:Assets |
| Current liabilities | at 2022-12-31 | $214.3m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2022-12-31 | $385.1m | us-gaap:Liabilities |
| Long-term debt | at 2022-12-31 | $20.8m | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | at 2022-12-31 | $5.6m | us-gaap:LongTermDebtCurrent |
| Shareholders' equity | at 2022-12-31 | −$54.3m | us-gaap:StockholdersEquity |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1723935/000095017023014218/stg-20221231.htm

Filed Apr 25, 2023.
Source: SEC EDGAR, the filing index for accession 0000950170-23-014218. Last ingested by Listed: Oct 28, 2026, 07:02 ET. No prices; not investment advice.