United Parks & Resorts (PRKS) FY2016 results: revenue $1.3 billion, down 1.9% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.3 billion for fiscal 2016, the year ended 31 December 2016, down 1.9% on the year before. Net income was -$13 million, and diluted earnings per share $-0.15. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$1.3 billion
-1.9% on the year
FY2011FY2016
Operating margin
4.4%
11.6% a year earlier
FY2011FY2016
Net income
-$13 million
FY2011FY2016
Diluted EPS
-$0.15
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,344
1,371
1,378
-1.9%
Selling, general and administrative
239
214
189
+11.4%
Operating income
59.6
159
161
-62.6%
Operating margin
4.4%
11.6%
11.7%
Interest expense
62.7
65.6
81.5
-4.4%
Pre-tax income
-3.2
72.8
78.8
Income tax
9.3
23.7
28.9
-60.6%
Effective tax rate
n/a
32.5%
36.6%
Net income
-12.5
49.1
49.9
Net margin
-0.9%
3.6%
3.6%
Diluted EPS
-$0.15
$0.57
$0.57
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
280
286
262
-2.0%
Capital expenditure
161
157
155
+2.0%
Free cash flow
120
129
107
-7.0%
Free cash flow margin
8.9%
9.4%
7.8%
Cash from investing
-161
n/a
n/a
Cash from financing
-70.1
n/a
n/a
Depreciation and amortisation
200
183
176
+9.4%
Share-based compensation
37.5
6.5
2.3
+474.8%
Buybacks
n/a
50.6
60.1
Dividends paid
65.3
72.3
72.1
-9.7%
Dividend per share
$0.73
$0.84
$0.62
-13.1%
Diluted shares, weighted
85m
86m
87m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
461
504
580
-8.5%
Debt
1,583
1,581
1,583
+0.1%
Other liabilities
335
306
259
+9.3%
Total liabilities and equity
2,379
2,391
2,422
-0.5%
Fixed assets
1,667
1,719
1,745
-3.0%
Goodwill
336
336
336
0.0%
Intangible assets
22.2
26.9
31.7
-17.8%
Cash and equivalents
69.0
19.0
43.9
+263.5%
Receivables
36.7
39.5
37.0
-7.1%
Inventory
28.7
31.2
33.1
-8.1%
Other assets
220
220
196
-0.0%
Total assets
2,379
2,391
2,422
-0.5%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.