Ryman Hospitality Properties (RHP) FY2017 results: revenue $1.2 billion, up 3.1% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 December 2017, up 3.1% on the year before. Net income was $176 million, up 10.5%, and diluted earnings per share $3.43. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$1.2 billion
+3.1% on the year
FY2010FY2017
Operating margin
15.7%
18.7% a year earlier
FY2010FY2017
Net income
$176 million
+10.5% on the year
FY2010FY2017
Diluted EPS
$3.43
+10.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,185
1,149
1,092
+3.1%
Cost of revenue
734
722
n/a
+1.5%
Gross profit
451
427
n/a
+5.7%
Gross margin
38.1%
37.1%
n/a
Operating income
186
215
162
-13.7%
Operating margin
15.7%
18.7%
14.8%
Interest expense
66.1
63.9
63.9
+3.4%
Pre-tax income
127
163
99.7
-22.0%
Income tax
-49.2
3.4
-11.9
Effective tax rate
-38.7%
2.1%
-11.9%
Net income
176
159
112
+10.5%
Net margin
14.9%
13.9%
10.2%
Diluted EPS
$3.43
$3.11
$2.16
+10.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
296
294
238
+0.8%
Capital expenditure
183
118
79.8
+54.7%
Free cash flow
113
176
158
-35.5%
Free cash flow margin
9.6%
15.3%
14.5%
Cash from investing
-215
-179
-74.6
Cash from financing
-82.9
-112
-184
Depreciation and amortisation
112
110
114
+2.0%
Share-based compensation
6.6
6.1
6.2
+8.4%
Buybacks
n/a
24.8
n/a
Dividends paid
162
151
131
+7.0%
Dividend per share
$3.20
$3.00
$2.70
+6.7%
Diluted shares, weighted
51m
51m
52m
+0.1%
Shares outstanding at period end
51m
51m
51m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
378
368
380
+2.8%
Debt
1,617
1,522
1,456
+6.2%
Other liabilities
529
515
495
+2.6%
Total liabilities and equity
2,524
2,406
2,331
+4.9%
Fixed assets
2,066
1,998
1,983
+3.4%
Intangible assets
4.3
n/a
n/a
Cash and equivalents
57.6
59.1
56.3
-2.7%
Inventory
8.1
8.1
8.1
-0.2%
Other assets
389
341
284
+14.1%
Total assets
2,524
2,406
2,331
+4.9%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.