Pursuit Attractions & Hospitality (PRSU) FY2020 results: revenue $415 million, down 68.1% on the year
Pursuit Attractions & Hospitality, Inc. (PRSU) reported revenue of $415 million for fiscal 2020, the year ended 31 December 2020, down 68.1% on the year before. Net income was -$374 million, and diluted earnings per share $-18.64. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2021.
Revenue
$415 million
-68.1% on the year
FY2013FY2020
Operating margin
-28.0%
6.1% a year earlier
FY2013FY2020
Net income
-$374 million
FY2013FY2020
Diluted EPS
-$18.64
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
415
1,303
1,237
-68.1%
Cost of revenue
532
1,213
1,149
-56.2%
Gross profit
-116
90.2
88.0
Gross margin
-28.0%
6.9%
7.1%
Operating income
-116
79.4
77.6
Operating margin
-28.0%
6.1%
6.3%
Interest expense
17.9
14.2
9.6
+26.0%
Pre-tax income
-361
26.1
65.0
Income tax
14.2
2.5
17.1
+468.5%
Effective tax rate
n/a
9.6%
26.3%
Net income
-374
22.0
49.2
Net margin
-90.0%
1.7%
4.0%
Diluted EPS
-$18.64
$1.02
$2.40
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
-80.2
108
90.6
Capital expenditure
53.6
76.1
83.3
-29.7%
Free cash flow
-134
32.0
7.2
Free cash flow margin
-32.2%
2.5%
0.6%
Cash from investing
-6.8
-166
-87.0
Cash from financing
66.3
73.5
-9.9
-9.8%
Depreciation and amortisation
56.6
59.0
56.8
-4.1%
Share-based compensation
2.7
7.2
4.9
-63.1%
Buybacks
2.8
0.0
17.2
Dividends paid
4.1
8.1
8.2
-49.8%
Dividend per share
$0.10
$0.40
$0.40
-75.0%
Diluted shares, weighted
20m
20m
20m
-0.0%
Shares outstanding at period end
25m
25m
25m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
96.0
467
436
-79.5%
Non-controlling interest
78.1
79.7
14.3
-2.0%
Redeemable equity
5.2
6.2
5.9
-15.3%
Debt
400
315
225
+27.0%
Operating lease liabilities
70.2
82.9
n/a
-15.3%
Finance lease liabilities
20.6
21.9
n/a
-5.7%
Other liabilities
183
345
241
-47.0%
Total liabilities and equity
853
1,319
923
-35.3%
Fixed assets
492
501
334
-1.7%
Goodwill
99.8
288
261
-65.3%
Intangible assets
71.2
94.3
51.3
-24.5%
Cash and equivalents
39.5
62.0
44.9
-36.2%
Receivables
17.8
126
109
-85.9%
Inventory
8.7
17.3
16.6
-49.5%
Other assets
124
230
106
-46.1%
Total assets
853
1,319
923
-35.3%
10-K for the year ended 31 December 2020, filed 2 March 2021: the filing.