Ryman Hospitality Properties (RHP) FY2019 results: revenue $1.6 billion, up 25.8% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $1.6 billion for fiscal 2019, the year ended 31 December 2019, up 25.8% on the year before. Net income was $146 million, down 44.9%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$1.6 billion
+25.8% on the year
FY2012FY2019
Operating margin
16.7%
16.8% a year earlier
FY2012FY2019
Net income
$146 million
-44.9% on the year
FY2012FY2019
Diluted EPS
$2.81
-45.3% 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
1,605
1,275
1,185
+25.8%
Cost of revenue
957
771
734
+24.1%
Gross profit
647
504
451
+28.5%
Gross margin
40.3%
39.5%
38.1%
Operating income
268
214
186
+24.9%
Operating margin
16.7%
16.8%
15.7%
Interest expense
132
75.0
66.1
+75.6%
Pre-tax income
147
276
127
-46.9%
Income tax
18.5
11.7
-49.2
+57.3%
Effective tax rate
12.6%
4.2%
-38.7%
Net income
146
265
176
-44.9%
Net margin
9.1%
20.8%
14.9%
Diluted EPS
$2.81
$5.14
$3.43
-45.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
355
322
296
+10.2%
Capital expenditure
153
188
183
-19.0%
Free cash flow
202
134
113
+51.2%
Free cash flow margin
12.6%
10.5%
9.6%
Cash from investing
-163
-423
-215
Cash from financing
79.7
172
-82.9
-53.6%
Depreciation and amortisation
214
121
112
+76.9%
Share-based compensation
7.8
7.7
6.6
+2.3%
Dividends paid
183
172
162
+6.3%
Dividend per share
$3.60
$3.40
$3.20
+5.9%
Diluted shares, weighted
52m
52m
51m
+0.9%
Shares outstanding at period end
55m
51m
51m
+6.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
645
470
378
+37.3%
Debt
2,586
2,463
1,617
+5.0%
Other liabilities
857
921
529
-6.9%
Total liabilities and equity
4,088
3,854
2,524
+6.1%
Fixed assets
3,130
3,149
2,066
-0.6%
Intangible assets
207
247
4.3
-16.1%
Cash and equivalents
362
103
57.6
+250.4%
Inventory
10.3
9.8
8.1
+5.2%
Other assets
378
345
389
+9.7%
Total assets
4,088
3,854
2,524
+6.1%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.