Ryman Hospitality Properties (RHP) FY2013 results: revenue $955 million, down 3.2% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $955 million for fiscal 2013, the year ended 31 December 2013, down 3.2% on the year before. Net income was $118 million, and diluted earnings per share $1.81. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$955 million
-3.2% on the year
FY2009FY2013
Operating margin
8.0%
-0.5% a year earlier
FY2009FY2013
Net income
$118 million
FY2009FY2013
Diluted EPS
$1.81
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
955
987
952
-3.2%
Selling, general and administrative
n/a
182
179
Operating income
76.2
-4.8
79.5
Operating margin
8.0%
-0.5%
8.4%
Interest expense
60.9
58.6
74.7
+4.0%
Pre-tax income
25.7
-28.7
17.5
Income tax
-92.7
-2.0
7.4
Effective tax rate
-360.7%
n/a
42.4%
Net income
118
-26.6
10.2
Net margin
12.4%
-2.7%
1.1%
Diluted EPS
$1.81
-$0.56
$0.20
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
138
176
154
-22.0%
Capital expenditure
37.0
95.2
133
-61.2%
Free cash flow
101
81.2
21.3
+24.0%
Free cash flow margin
10.6%
8.2%
2.2%
Cash from investing
-48.7
115
-128
Cash from financing
-125
-239
-106
Depreciation and amortisation
117
131
125
-10.8%
Share-based compensation
11.6
9.0
10.2
+29.0%
Buybacks
100
185
n/a
-46.0%
Dividends paid
76.4
62.0
n/a
+23.3%
Dividend per share
$1.50
$6.84
n/a
-78.1%
Diluted shares, weighted
63m
48m
50m
+31.9%
Shares outstanding at period end
51m
53m
48m
-3.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
758
854
1,046
-11.2%
Debt
1,164
1,057
1,112
+10.1%
Other liabilities
503
622
406
-19.0%
Total liabilities and equity
2,425
2,532
2,563
-4.3%
Fixed assets
2,068
2,149
2,209
-3.8%
Cash and equivalents
61.6
97.2
44.4
-36.6%
Receivables
n/a
55.3
41.9
Inventory
6.7
6.5
10.8
+2.4%
Other assets
288
224
257
+28.5%
Total assets
2,425
2,532
2,563
-4.3%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.