United Parks & Resorts (PRKS) FY2017 results: revenue $1.3 billion, down 6.0% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.3 billion for fiscal 2017, the year ended 31 December 2017, down 6.0% on the year before. Net income was -$202 million, and diluted earnings per share $-2.36. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$1.3 billion
-6.0% on the year
FY2011FY2017
Operating margin
-15.9%
4.4% a year earlier
FY2011FY2017
Net income
-$202 million
FY2011FY2017
Diluted EPS
-$2.36
FY2011FY2017
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
1,263
1,344
1,371
-6.0%
Selling, general and administrative
229
239
214
-4.1%
Operating income
-201
59.6
159
Operating margin
-15.9%
4.4%
11.6%
Interest expense
78.0
62.7
65.6
+24.5%
Pre-tax income
-287
-3.2
72.8
Income tax
-85.0
9.3
23.7
Effective tax rate
n/a
n/a
32.5%
Net income
-202
-12.5
49.1
Net margin
-16.0%
-0.9%
3.6%
Diluted EPS
-$2.36
-$0.15
$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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
192
280
286
-31.4%
Capital expenditure
173
161
157
+7.5%
Free cash flow
19.9
120
129
-83.4%
Free cash flow margin
1.6%
8.9%
9.4%
Cash from investing
-171
-161
n/a
Cash from financing
-57.0
-70.1
n/a
Depreciation and amortisation
163
200
183
-18.2%
Share-based compensation
23.2
37.5
6.5
-38.2%
Buybacks
n/a
n/a
50.6
Dividends paid
1.5
65.3
72.3
-97.7%
Dividend per share
n/a
$0.73
$0.84
Diluted shares, weighted
86m
85m
86m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
287
461
504
-37.7%
Debt
1,542
1,583
1,581
-2.6%
Other liabilities
256
335
306
-23.5%
Total liabilities and equity
2,086
2,379
2,391
-12.3%
Fixed assets
1,675
1,667
1,719
+0.5%
Goodwill
66.3
336
336
-80.3%
Intangible assets
17.6
22.2
26.9
-20.6%
Cash and equivalents
33.2
69.0
19.0
-51.9%
Receivables
38.4
36.7
39.5
+4.6%
Inventory
30.9
28.7
31.2
+7.7%
Other assets
224
220
220
+2.0%
Total assets
2,086
2,379
2,391
-12.3%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.