Pursuit Attractions & Hospitality (PRSU) FY2018 results: revenue $1.2 billion, down 5.3% on the year
Pursuit Attractions & Hospitality, Inc. (PRSU) reported revenue of $1.2 billion for fiscal 2018, the year ended 31 December 2018, down 5.3% on the year before. Net income was $49 million, down 14.8%, and diluted earnings per share $2.40. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$1.2 billion
-5.3% on the year
FY2011FY2018
Operating margin
6.3%
6.6% a year earlier
FY2011FY2018
Net income
$49 million
-14.8% on the year
FY2011FY2018
Diluted EPS
$2.40
-15.2% on the year
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
1,237
1,307
1,205
-5.3%
Cost of revenue
1,149
1,213
1,120
-5.2%
Gross profit
88.0
94.4
85.2
-6.8%
Gross margin
7.1%
7.2%
7.1%
Operating income
77.6
86.3
76.5
-10.1%
Operating margin
6.3%
6.6%
6.4%
Interest expense
9.6
8.3
5.9
+16.1%
Pre-tax income
65.0
104
64.7
-37.7%
Income tax
17.1
45.9
21.2
-62.8%
Effective tax rate
26.3%
44.0%
32.8%
Net income
49.2
57.7
42.3
-14.8%
Net margin
4.0%
4.4%
3.5%
Diluted EPS
$2.40
$2.83
$2.09
-15.2%
$ 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
90.6
112
100
-19.3%
Capital expenditure
83.3
56.6
49.8
+47.2%
Free cash flow
7.2
55.6
50.5
-87.0%
Free cash flow margin
0.6%
4.3%
4.2%
Cash from investing
-87.0
-25.6
-245
Cash from financing
-9.9
-56.1
112
Depreciation and amortisation
56.8
55.1
42.7
+3.1%
Share-based compensation
4.9
11.0
8.0
-55.6%
Buybacks
17.2
2.1
0.7
+710.5%
Dividends paid
8.2
8.2
8.1
-0.1%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
20m
20m
20m
-0.0%
Shares outstanding at period end
25m
25m
25m
0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
436
429
357
+1.6%
Non-controlling interest
14.3
13.8
13.3
+3.9%
Redeemable equity
5.9
6.6
n/a
-11.1%
Debt
225
207
249
+8.8%
Other liabilities
241
263
250
-8.5%
Total liabilities and equity
923
920
870
+0.3%
Fixed assets
334
306
280
+9.3%
Goodwill
261
271
254
-3.4%
Intangible assets
51.3
62.8
73.7
-18.3%
Cash and equivalents
44.9
53.7
20.9
-16.4%
Receivables
109
105
105
+3.9%
Inventory
16.6
17.6
31.4
-5.2%
Other assets
106
105
105
+0.7%
Total assets
923
920
870
+0.3%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.