Planet Fitness (PLNT) FY2023 results: revenue $1.1 billion, up 14.4% on the year
Planet Fitness, Inc. (PLNT) reported revenue of $1.1 billion for fiscal 2023, the year ended 31 December 2023, up 14.4% on the year before. Net income was $138 million, up 39.1%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$1.1 billion
+14.4% on the year
FY2016FY2023
Operating margin
25.5%
24.6% a year earlier
FY2016FY2023
Net income
$138 million
+39.1% on the year
FY2016FY2023
Diluted EPS
$1.62
+37.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
330
240
189
+37.5%
Capital expenditure
136
100
54.1
+35.9%
Free cash flow
194
140
135
+38.6%
Free cash flow margin
18.1%
15.0%
23.0%
Cash from investing
-340
-507
-90.9
Cash from financing
-141
136
-10.2
Depreciation and amortisation
149
124
62.8
+20.5%
Share-based compensation
7.9
8.1
8.8
-2.0%
Buybacks
125
94.3
0.0
+32.6%
Diluted shares, weighted
85m
85m
84m
+0.8%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-116
-199
-645
Non-controlling interest
-3.3
-12.5
2.5
Debt
1,984
1,999
1,758
-0.8%
Operating lease liabilities
382
342
198
+11.6%
Finance lease liabilities
0.1
0.4
0.2
-83.4%
Other liabilities
723
725
703
-0.2%
Total liabilities and equity
2,970
2,855
2,016
+4.0%
Goodwill
718
703
229
+2.1%
Intangible assets
373
417
201
-10.7%
Investments
126
0.0
n/a
Securities held for sale or to maturity
n/a
n/a
26.4
Cash and equivalents
276
410
546
-32.7%
Receivables
41.9
46.2
27.3
-9.4%
Inventory
4.7
5.3
1.2
-11.2%
Other assets
1,431
1,273
986
+12.4%
Total assets
2,970
2,855
2,016
+4.0%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.