Pursuit Attractions & Hospitality (PRSU) FY2019 results: revenue $1.3 billion, up 5.3% on the year
Pursuit Attractions & Hospitality, Inc. (PRSU) reported revenue of $1.3 billion for fiscal 2019, the year ended 31 December 2019, up 5.3% on the year before. Net income was $22 million, down 55.2%, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$1.3 billion
+5.3% on the year
FY2012FY2019
Operating margin
6.1%
6.3% a year earlier
FY2012FY2019
Net income
$22 million
-55.2% on the year
FY2012FY2019
Diluted EPS
$1.02
-57.5% 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
1,303
1,237
1,307
+5.3%
Cost of revenue
1,213
1,149
1,213
+5.5%
Gross profit
90.2
88.0
94.4
+2.5%
Gross margin
6.9%
7.1%
7.2%
Operating income
79.4
77.6
86.3
+2.4%
Operating margin
6.1%
6.3%
6.6%
Interest expense
14.2
9.6
8.3
+47.3%
Pre-tax income
26.1
65.0
104
-59.8%
Income tax
2.5
17.1
45.9
-85.3%
Effective tax rate
9.6%
26.3%
44.0%
Net income
22.0
49.2
57.7
-55.2%
Net margin
1.7%
4.0%
4.4%
Diluted EPS
$1.02
$2.40
$2.83
-57.5%
$ 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
108
90.6
112
+19.4%
Capital expenditure
76.1
83.3
56.6
-8.6%
Free cash flow
32.0
7.2
55.6
+341.3%
Free cash flow margin
2.5%
0.6%
4.3%
Cash from investing
-166
-87.0
-25.6
Cash from financing
73.5
-9.9
-56.1
Depreciation and amortisation
59.0
56.8
55.1
+3.7%
Share-based compensation
7.2
4.9
11.0
+47.6%
Buybacks
0.0
17.2
2.1
Dividends paid
8.1
8.2
8.2
-0.7%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
20m
20m
20m
-0.6%
Shares outstanding at period end
25m
25m
25m
0.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
467
436
429
+7.2%
Non-controlling interest
79.7
14.3
13.8
+455.7%
Redeemable equity
6.2
5.9
6.6
+4.5%
Debt
315
225
207
+39.8%
Operating lease liabilities
82.9
n/a
n/a
Finance lease liabilities
21.9
n/a
n/a
Other liabilities
345
241
263
+43.5%
Total liabilities and equity
1,319
923
920
+42.9%
Fixed assets
501
334
306
+50.0%
Goodwill
288
261
271
+10.2%
Intangible assets
94.3
51.3
62.8
+83.9%
Cash and equivalents
62.0
44.9
53.7
+38.1%
Receivables
126
109
105
+15.9%
Inventory
17.3
16.6
17.6
+3.8%
Other assets
230
106
105
+117.8%
Total assets
1,319
923
920
+42.9%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.