United Parks & Resorts (PRKS) FY2018 results: revenue $1.4 billion, up 8.6% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.4 billion for fiscal 2018, the year ended 31 December 2018, up 8.6% on the year before. Net income was $45 million, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.4 billion
+8.6% on the year
FY2011FY2018
Operating margin
11.1%
-15.9% a year earlier
FY2011FY2018
Net income
$45 million
FY2011FY2018
Diluted EPS
$0.52
FY2011FY2018
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
1,372
1,263
1,344
+8.6%
Selling, general and administrative
230
229
239
+0.4%
Operating income
152
-201
59.6
Operating margin
11.1%
-15.9%
4.4%
Interest expense
80.9
78.0
62.7
+3.7%
Pre-tax income
62.7
-287
-3.2
Income tax
17.9
-85.0
9.3
Effective tax rate
28.6%
n/a
n/a
Net income
44.8
-202
-12.5
Net margin
3.3%
-16.0%
-0.9%
Diluted EPS
$0.52
-$2.36
-$0.15
$ 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
294
192
280
+52.7%
Capital expenditure
180
173
161
+4.2%
Free cash flow
114
19.9
120
+472.5%
Free cash flow margin
8.3%
1.6%
8.9%
Cash from investing
-180
-171
-161
Cash from financing
-113
-57.0
-70.1
Depreciation and amortisation
161
163
200
-1.4%
Share-based compensation
22.2
23.2
37.5
-4.5%
Buybacks
98.0
n/a
n/a
Dividends paid
0.3
1.5
65.3
-78.3%
Dividend per share
n/a
n/a
$0.73
Diluted shares, weighted
87m
86m
85m
+1.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
265
287
461
-7.7%
Debt
1,540
1,542
1,583
-0.1%
Other liabilities
310
256
335
+21.2%
Total liabilities and equity
2,116
2,086
2,379
+1.4%
Fixed assets
1,692
1,675
1,667
+1.0%
Goodwill
66.3
66.3
336
0.0%
Intangible assets
15.3
17.6
22.2
-12.7%
Cash and equivalents
34.1
33.2
69.0
+2.7%
Receivables
58.0
38.4
36.7
+51.0%
Inventory
35.8
30.9
28.7
+16.0%
Other assets
214
224
220
-4.5%
Total assets
2,116
2,086
2,379
+1.4%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.