United Parks & Resorts (PRKS) FY2024 results: revenue $1.7 billion, down 0.1% on the year

United Parks & Resorts Inc. (PRKS) reported revenue of $1.7 billion for fiscal 2024, the year ended 31 December 2024, down 0.1% on the year before. Net income was $227 million, down 2.9%, and diluted earnings per share $3.79. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.

Revenue

$1.7 billion

-0.1% on the year

FY2017FY2024

Operating margin

26.9%

26.6% a year earlier

FY2017FY2024

Net income

$227 million

-2.9% on the year

FY2017FY2024

Diluted EPS

$3.79

+4.4% on the year

FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	1,725	1,727	1,731	-0.1%
Selling, general and administrative	217	221	200	-2.0%
Operating income	463	460	508	+0.8%
Operating margin	26.9%	26.6%	29.3%
Interest expense	168	147	118	+14.4%
Pre-tax income	292	313	390	-6.9%
Income tax	64.0	78.9	98.9	-18.9%
Effective tax rate	22.0%	25.2%	25.3%
Net income	227	234	291	-2.9%
Net margin	13.2%	13.6%	16.8%
Diluted EPS	$3.79	$3.63	$4.14	+4.4%

$ million except per share.

Free 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	FY2024	FY2023	FY2022	On the year
Operating cash flow	480	505	565	-4.9%
Capital expenditure	248	305	201	-18.5%
Free cash flow	232	200	364	+15.8%
Free cash flow margin	13.4%	11.6%	21.0%
Cash from investing	-249	-306	-201
Cash from financing	-363	-34.7	-726
Depreciation and amortisation	163	154	153	+6.0%
Share-based compensation	13.7	17.0	18.2	-19.7%
Buybacks	483	17.9	694	+2,603.8%
Diluted shares, weighted	60m	64m	70m	-7.0%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	-462	-208	-438
Debt	2,244	2,105	2,111	+6.6%
Operating lease liabilities	115	113	115	+2.1%
Finance lease liabilities	3.3	3.3	2.3	-0.5%
Other liabilities	672	612	535	+9.9%
Total liabilities and equity	2,574	2,625	2,326	-2.0%
Fixed assets	1,887	1,842	1,707	+2.5%
Goodwill	66.3	66.3	66.3	0.0%
Cash and equivalents	116	247	79.2	-53.1%
Receivables	79.4	73.8	71.0	+7.6%
Inventory	45.8	49.2	55.2	-6.9%
Other assets	379	347	347	+9.2%
Total assets	2,574	2,625	2,326	-2.0%

10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.