United Parks & Resorts (PRKS) FY2019 results: revenue $1.4 billion, up 1.9% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.4 billion for fiscal 2019, the year ended 31 December 2019, up 1.9% on the year before. Net income was $89 million, up 99.8%, and diluted earnings per share $1.10. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.4 billion
+1.9% on the year
FY2012FY2019
Operating margin
15.2%
11.1% a year earlier
FY2012FY2019
Net income
$89 million
+99.8% on the year
FY2012FY2019
Diluted EPS
$1.10
+111.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,398
1,372
1,263
+1.9%
Selling, general and administrative
262
230
229
+13.9%
Operating income
213
152
-201
+40.6%
Operating margin
15.2%
11.1%
-15.9%
Interest expense
84.2
80.9
78.0
+4.0%
Pre-tax income
129
62.7
-287
+105.7%
Income tax
39.5
17.9
-85.0
+120.6%
Effective tax rate
30.6%
28.6%
n/a
Net income
89.5
44.8
-202
+99.8%
Net margin
6.4%
3.3%
-16.0%
Diluted EPS
$1.10
$0.52
-$2.36
+111.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
348
294
192
+18.5%
Capital expenditure
195
180
173
+8.6%
Free cash flow
153
114
19.9
+34.2%
Free cash flow margin
11.0%
8.3%
1.6%
Cash from investing
-195
-180
-171
Cash from financing
-147
-113
-57.0
Depreciation and amortisation
161
161
163
-0.2%
Share-based compensation
11.1
22.2
23.2
-49.9%
Buybacks
150
98.0
n/a
+53.0%
Dividends paid
n/a
0.3
1.5
Diluted shares, weighted
81m
87m
86m
-6.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
211
265
287
-20.5%
Debt
1,548
1,540
1,542
+0.5%
Operating lease liabilities
124
n/a
n/a
Other liabilities
417
310
256
+34.5%
Total liabilities and equity
2,301
2,116
2,086
+8.7%
Fixed assets
1,733
1,692
1,675
+2.4%
Goodwill
66.3
66.3
66.3
0.0%
Intangible assets
n/a
15.3
17.6
Cash and equivalents
39.9
34.1
33.2
+17.2%
Receivables
49.7
58.0
38.4
-14.2%
Inventory
33.2
35.8
30.9
-7.4%
Other assets
378
214
224
+76.5%
Total assets
2,301
2,116
2,086
+8.7%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.