United Parks & Resorts (PRKS) FY2022 results: revenue $1.7 billion, up 15.1% on the year
United Parks & Resorts Inc. (PRKS) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 15.1% on the year before. Net income was $291 million, up 13.5%, and diluted earnings per share $4.14. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$1.7 billion
+15.1% on the year
FY2015FY2022
Operating margin
29.3%
28.7% a year earlier
FY2015FY2022
Net income
$291 million
+13.5% on the year
FY2015FY2022
Diluted EPS
$4.14
+28.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
565
503
-121
+12.2%
Capital expenditure
201
129
109
+55.8%
Free cash flow
364
374
-230
-2.7%
Free cash flow margin
21.0%
24.9%
-53.2%
Cash from investing
-201
-129
-109
Cash from financing
-726
-365
624
Depreciation and amortisation
153
149
151
+2.7%
Share-based compensation
18.2
39.7
7.5
-54.3%
Buybacks
694
216
12.4
+221.5%
Diluted shares, weighted
70m
80m
78m
-11.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-438
-33.9
-106
Debt
2,111
2,117
2,193
-0.3%
Operating lease liabilities
115
117
120
-1.4%
Finance lease liabilities
2.3
2.5
2.9
-6.9%
Other liabilities
535
408
356
+31.1%
Total liabilities and equity
2,326
2,610
2,566
-10.9%
Fixed assets
1,707
1,645
1,661
+3.7%
Goodwill
66.3
66.3
66.3
0.0%
Cash and equivalents
79.2
444
434
-82.2%
Receivables
71.0
76.9
30.4
-7.7%
Inventory
55.2
29.5
30.7
+87.2%
Other assets
347
349
344
-0.4%
Total assets
2,326
2,610
2,566
-10.9%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.