Planet Fitness (PLNT) FY2017 results: revenue $430 million, up 13.7% on the year
Planet Fitness, Inc. (PLNT) reported revenue of $430 million for fiscal 2017, the year ended 31 December 2017, up 13.7% on the year before. Net income was $33 million, up 54.2%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$430 million
+13.7% on the year
FY2013FY2017
Operating margin
34.3%
30.6% a year earlier
FY2013FY2017
Net income
$33 million
+54.2% on the year
FY2013FY2017
Diluted EPS
$0.42
FY2013FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
430
378
331
+13.7%
Cost of revenue
129
122
113
+5.7%
Gross profit
301
256
217
+17.5%
Gross margin
69.9%
67.7%
65.7%
Selling, general and administrative
60.4
50.0
55.6
+20.7%
Operating income
148
116
72.1
+27.6%
Operating margin
34.3%
30.6%
21.8%
Interest expense
35.3
27.1
n/a
+30.2%
Pre-tax income
429
89.9
47.3
+377.4%
Income tax
374
18.7
9.1
+1,901.9%
Effective tax rate
87.0%
20.8%
19.3%
Net income
33.1
21.5
18.5
+54.2%
Net margin
7.7%
5.7%
5.6%
Diluted EPS
$0.42
n/a
n/a
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
131
109
81.7
+20.4%
Capital expenditure
37.7
15.4
19.5
+145.3%
Free cash flow
93.3
93.4
62.2
-0.2%
Free cash flow margin
21.7%
24.7%
18.8%
Cash from investing
-37.0
-14.7
n/a
Cash from financing
-21.7
-85.2
n/a
Depreciation and amortisation
31.8
31.5
32.2
+0.8%
Share-based compensation
2.5
1.7
4.9
+46.5%
Buybacks
n/a
1.6
n/a
Dividends paid
0.0
169
n/a
Diluted shares, weighted
79m
n/a
n/a
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-119
-131
-15.4
Non-controlling interest
-17.5
-84.0
14.3
Debt
704
709
485
-0.8%
Other liabilities
526
507
215
+3.7%
Total liabilities and equity
1,092
1,001
699
+9.1%
Fixed assets
83.3
61.2
56.1
+36.1%
Goodwill
177
177
177
0.0%
Intangible assets
236
254
274
-7.2%
Cash and equivalents
113
40.4
31.4
+179.9%
Receivables
37.3
26.9
19.1
+38.7%
Inventory
2.7
1.8
4.6
+49.4%
Other assets
443
440
137
+0.7%
Total assets
1,092
1,001
699
+9.1%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.