Ryman Hospitality Properties (RHP) FY2020 results: revenue $524 million, down 67.3% on the year
Ryman Hospitality Properties, Inc. (RHP) reported revenue of $524 million for fiscal 2020, the year ended 31 December 2020, down 67.3% on the year before. Net income was -$417 million, and diluted earnings per share $-7.59. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$524 million
-67.3% on the year
FY2013FY2020
Operating margin
-57.9%
16.7% a year earlier
FY2013FY2020
Net income
-$417 million
FY2013FY2020
Diluted EPS
-$7.59
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
524
1,605
1,275
-67.3%
Cost of revenue
473
957
771
-50.6%
Gross profit
51.6
647
504
-92.0%
Gross margin
9.8%
40.3%
39.5%
Operating income
-304
268
214
Operating margin
-57.9%
16.7%
16.8%
Interest expense
116
132
75.0
-12.0%
Pre-tax income
-434
147
276
Income tax
27.1
18.5
11.7
+46.6%
Effective tax rate
n/a
12.6%
4.2%
Net income
-417
146
265
Net margin
-79.6%
9.1%
20.8%
Diluted EPS
-$7.59
$2.81
$5.14
$ 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
-162
355
322
Capital expenditure
165
153
188
+8.5%
Free cash flow
-327
202
134
Free cash flow margin
-62.3%
12.6%
10.5%
Cash from investing
-173
-163
-423
Cash from financing
-6.5
79.7
172
Depreciation and amortisation
215
214
121
+0.6%
Share-based compensation
8.7
7.8
7.7
+11.5%
Dividends paid
102
183
172
-44.2%
Dividend per share
$0.95
$3.60
$3.40
-73.6%
Diluted shares, weighted
55m
52m
52m
+5.7%
Shares outstanding at period end
55m
55m
51m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
205
645
470
-68.2%
Non-controlling interest
14.5
n/a
n/a
Debt
2,687
2,586
2,463
+3.9%
Other liabilities
649
857
921
-24.3%
Total liabilities and equity
3,556
4,088
3,854
-13.0%
Fixed assets
3,117
3,130
3,149
-0.4%
Intangible assets
167
207
247
-19.4%
Cash and equivalents
56.7
362
103
-84.4%
Inventory
7.2
10.3
9.8
-30.7%
Other assets
208
378
345
-44.9%
Total assets
3,556
4,088
3,854
-13.0%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.