Planet Fitness (PLNT) FY2018 results: revenue $573 million, up 33.3% on the year
Planet Fitness, Inc. (PLNT) reported revenue of $573 million for fiscal 2018, the year ended 31 December 2018, up 33.3% on the year before. Net income was $88 million, up 165.6%, and diluted earnings per share $1.00. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$573 million
+33.3% on the year
FY2013FY2018
Operating margin
32.1%
34.3% a year earlier
FY2013FY2018
Net income
$88 million
+165.6% on the year
FY2013FY2018
Diluted EPS
$1.00
+138.1% on the year
FY2013FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
573
430
378
+33.3%
Cost of revenue
163
129
122
+25.8%
Gross profit
410
301
256
+36.4%
Gross margin
71.6%
69.9%
67.7%
Selling, general and administrative
72.4
60.4
50.0
+20.0%
Operating income
184
148
116
+24.7%
Operating margin
32.1%
34.3%
30.6%
Interest expense
50.7
35.3
27.1
+43.6%
Pre-tax income
132
429
89.9
-69.3%
Income tax
28.6
374
18.7
-92.3%
Effective tax rate
21.7%
87.0%
20.8%
Net income
88.0
33.1
21.5
+165.6%
Net margin
15.4%
7.7%
5.7%
Diluted EPS
$1.00
$0.42
n/a
+138.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
184
131
109
+40.7%
Capital expenditure
40.9
37.7
15.4
+8.3%
Free cash flow
144
93.3
93.4
+53.8%
Free cash flow margin
25.1%
21.7%
24.7%
Cash from investing
-86.4
-37.0
-14.7
Cash from financing
110
-21.7
-85.2
Depreciation and amortisation
35.3
31.8
31.5
+11.0%
Share-based compensation
5.5
2.5
1.7
+116.5%
Buybacks
342
n/a
1.6
Dividends paid
0.0
0.0
169
Diluted shares, weighted
88m
79m
n/a
+11.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-375
-119
-131
Non-controlling interest
-8.2
-17.5
-84.0
Debt
1,172
704
709
+66.6%
Other liabilities
564
526
507
+7.3%
Total liabilities and equity
1,353
1,092
1,001
+23.9%
Fixed assets
114
83.3
61.2
+37.3%
Goodwill
200
177
177
+12.7%
Intangible assets
234
236
254
-0.6%
Cash and equivalents
289
113
40.4
+156.0%
Receivables
39.0
37.3
26.9
+4.5%
Inventory
5.1
2.7
1.8
+90.3%
Other assets
472
443
440
+6.4%
Total assets
1,353
1,092
1,001
+23.9%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.