United Parks & Resorts (PRKS) FY2015 results: revenue $1.4 billion, down 0.5% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.4 billion for fiscal 2015, the year ended 31 December 2015, down 0.5% on the year before. Net income was $49 million, down 1.6%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.4 billion
-0.5% on the year
FY2011FY2015
Operating margin
11.6%
11.7% a year earlier
FY2011FY2015
Net income
$49 million
-1.6% on the year
FY2011FY2015
Diluted EPS
$0.57
0.0% on the year
FY2011FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,371
1,378
1,460
-0.5%
Selling, general and administrative
214
189
187
+13.0%
Operating income
159
161
198
-0.7%
Operating margin
11.6%
11.7%
13.6%
Interest expense
65.6
81.5
90.6
-19.6%
Pre-tax income
72.8
78.8
77.6
-7.6%
Income tax
23.7
28.9
25.7
-17.9%
Effective tax rate
32.5%
36.6%
33.1%
Net income
49.1
49.9
51.9
-1.6%
Net margin
3.6%
3.6%
3.6%
Diluted EPS
$0.57
$0.57
$0.59
0.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
286
262
286
+9.5%
Capital expenditure
157
155
166
+1.7%
Free cash flow
129
107
120
+20.7%
Free cash flow margin
9.4%
7.8%
8.2%
Depreciation and amortisation
183
176
166
+3.5%
Share-based compensation
6.5
2.3
6.0
+177.9%
Buybacks
50.6
60.1
44.2
-15.7%
Dividends paid
72.3
72.1
36.2
+0.3%
Dividend per share
$0.84
$0.62
$0.60
+35.5%
Diluted shares, weighted
86m
87m
88m
-1.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
504
580
648
-13.0%
Debt
1,581
1,583
1,647
-0.2%
Other liabilities
306
259
288
+18.0%
Total liabilities and equity
2,391
2,422
2,582
-1.3%
Fixed assets
1,719
1,745
1,772
-1.5%
Goodwill
336
336
336
0.0%
Intangible assets
26.9
31.7
34.4
-15.1%
Cash and equivalents
19.0
43.9
117
-56.8%
Receivables
39.5
37.0
41.5
+6.9%
Inventory
31.2
33.1
36.2
-5.8%
Other assets
220
196
246
+11.9%
Total assets
2,391
2,422
2,582
-1.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.