Ryman Hospitality Properties (RHP) FY2014 results: revenue $1.0 billion, up 9.1% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $1.0 billion for fiscal 2014, the year ended 31 December 2014, up 9.1% on the year before. Net income was $126 million, up 6.8%, and diluted earnings per share $2.17. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$1.0 billion
+9.1% on the year
FY2009FY2014
Operating margin
14.7%
8.0% a year earlier
FY2009FY2014
Net income
$126 million
+6.8% on the year
FY2009FY2014
Diluted EPS
$2.17
+19.9% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,041
955
987
+9.1%
Selling, general and administrative
n/a
n/a
182
Operating income
153
76.2
-4.8
+101.0%
Operating margin
14.7%
8.0%
-0.5%
Interest expense
61.4
60.9
58.6
+0.9%
Pre-tax income
125
25.7
-28.7
+386.6%
Income tax
-1.5
-92.7
-2.0
Effective tax rate
-1.2%
-360.7%
n/a
Net income
126
118
-26.6
+6.8%
Net margin
12.1%
12.4%
-2.7%
Diluted EPS
$2.17
$1.81
-$0.56
+19.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
252
138
176
+83.2%
Capital expenditure
58.4
37.0
95.2
+58.0%
Free cash flow
194
101
81.2
+92.4%
Free cash flow margin
18.6%
10.6%
8.2%
Cash from investing
-59.5
-48.7
115
Cash from financing
-178
-125
-239
Depreciation and amortisation
112
117
131
-3.6%
Share-based compensation
5.8
11.6
9.0
-50.1%
Buybacks
n/a
100
185
Dividends paid
109
76.4
62.0
+43.2%
Dividend per share
$2.20
$1.50
$6.84
+46.7%
Diluted shares, weighted
56m
63m
48m
-11.0%
Shares outstanding at period end
51m
51m
53m
+1.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
401
758
854
-47.0%
Debt
1,340
1,164
1,057
+15.2%
Other liabilities
650
503
622
+29.0%
Total liabilities and equity
2,392
2,425
2,532
-1.4%
Fixed assets
2,036
2,068
2,149
-1.5%
Cash and equivalents
76.4
61.6
97.2
+24.1%
Receivables
n/a
n/a
55.3
Inventory
7.4
6.7
6.5
+11.9%
Other assets
271
288
224
-5.9%
Total assets
2,392
2,425
2,532
-1.4%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.