Life Time Group Holdings, Inc. (LTH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2902 CORPORATE PLACE CHANHASSEN, MN 55317 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7997 - Membership Sports and Recreation Clubs (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 120,947 | 34,527 | 18,598 | 29,966 | 25,441 | 30,858 | |||
| Cash and cash equivalent | 120,947 | 34,527 | 18,598 | 29,966 | 25,441 | 30,858 | |||
| Receivables | 44,334 | 51,749 | 53,105 | 59,284 | 42,791 | 32,024 | |||
| Inventory, net of allowances, customer advances and progress billings | 59,237 | 54,539 | 53,140 | 52,803 | 48,557 | 48,148 | |||
| Inventory | 59,237 | 54,539 | 53,140 | 52,803 | 48,557 | 48,148 | |||
| Prepaid expense | 6,514 | 5,680 | 8,177 | 2,718 | 5,166 | ||||
| Asset, held-for-sale, not part of disposal group | 8,600 | 10,622 | 8,600 | 8,600 | 8,687 | ||||
| Other current assets | 10,421 | 13,741 | 21,575 | 18,390 | 15,422 | 17,346 | |||
| Other undisclosed current assets | 27,739 | 27,243 | 26,253 | 5,481 | 9,743 | 11,187 | |||
| Total current assets: | 269,192 | 196,079 | 191,470 | 174,524 | 153,272 | 153,416 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,335,206 | 2,297,649 | 2,183,544 | 2,202,601 | 2,187,804 | 2,161,837 | |||
| Property, plant and equipment | 3,095,145 | 3,146,740 | 3,234,238 | 3,171,616 | 3,074,634 | 3,030,480 | |||
| Intangible assets, net (including goodwill) | 1,407,276 | 1,407,555 | 1,407,723 | 1,407,486 | 1,407,781 | 1,408,085 | |||
| Goodwill | 1,235,359 | 1,235,359 | 1,235,359 | 1,235,359 | 1,235,359 | 1,235,029 | |||
| Intangible assets, net (excluding goodwill) | 171,917 | 172,196 | 172,364 | 172,127 | 172,422 | 173,056 | |||
| Other noncurrent assets | 72,840 | 76,230 | 76,662 | 75,914 | 73,572 | 74,218 | |||
| Total noncurrent assets: | 6,910,467 | 6,928,174 | 6,902,167 | 6,857,617 | 6,743,791 | 6,674,620 | |||
| TOTAL ASSETS: | 7,179,659 | 7,124,253 | 7,093,637 | 7,032,141 | 6,897,063 | 6,828,036 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 266,882 | 261,797 | 230,613 | 266,557 | 255,520 | 254,010 | |||
| Accounts payable | 70,592 | 78,172 | 69,063 | 81,252 | 76,138 | 83,721 | |||
| Accrued liabilities | 196,290 | 183,625 | 161,550 | 185,305 | 179,382 | 170,289 | |||
| Deferred revenue | 48,836 | 51,864 | 53,217 | 49,299 | 39,357 | 41,303 | |||
| Debt | 12,439 | 12,755 | 23,261 | 74,481 | 64,033 | 64,814 | |||
| Other undisclosed current liabilities | 128,578 | 115,160 | 142,428 | 166,861 | 164,275 | 175,197 | |||
| Total current liabilities: | 456,735 | 441,576 | 449,519 | 557,198 | 523,185 | 535,324 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,639,752 | 1,830,241 | 1,987,180 | 1,859,027 | 1,815,965 | 1,792,373 | |||
| Long-term debt, excluding current maturities | 1,639,752 | 1,830,241 | 1,987,180 | 1,859,027 | 1,815,965 | 1,792,373 | |||
| Liabilities, other than long-term debt | 2,521,372 | 2,484,939 | 2,354,079 | 2,361,804 | 2,341,024 | 2,299,627 | |||
| Deferred income tax liabilities | 77,657 | 68,440 | 61,962 | 56,066 | 57,377 | 47,347 | |||
| Other liabilities | 42,004 | 41,977 | 37,381 | 36,875 | 35,621 | 35,633 | |||
| Operating lease, liability | 2,401,711 | 2,374,522 | 2,254,736 | 2,268,863 | 2,248,026 | 2,216,647 | |||
| Total noncurrent liabilities: | 4,161,124 | 4,315,180 | 4,341,259 | 4,220,831 | 4,156,989 | 4,092,000 | |||
| Total liabilities: | 4,617,859 | 4,756,756 | 4,790,778 | 4,778,029 | 4,680,174 | 4,627,324 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,561,800 | 2,367,497 | 2,302,859 | 2,254,112 | 2,216,889 | 2,200,712 | |||
| Common stock | 2,066 | 1,990 | 1,988 | 1,967 | 1,962 | 1,960 | |||
| Additional paid in capital | 3,025,445 | 2,873,839 | 2,861,359 | 2,835,883 | 2,824,949 | 2,814,424 | |||
| Accumulated other comprehensive loss | (7,975) | (9,241) | (8,592) | (6,925) | (9,525) | (7,260) | |||
| Accumulated deficit | (457,736) | (499,091) | (551,896) | (576,813) | (600,497) | (608,412) | |||
| Total equity: | 2,561,800 | 2,367,497 | 2,302,859 | 2,254,112 | 2,216,889 | 2,200,712 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,179,659 | 7,124,253 | 7,093,637 | 7,032,141 | 6,897,063 | 6,828,036 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 693,234 | 667,761 | 596,717 | 558,834 | 585,177 | 561,731 | ||
| Cost of revenue | (541,802) | (509,759) | (475,807) | (446,039) | (486,760) | (456,483) | ||
| Cost of product and service sold | (371,134) | (355,510) | ||||||
| Gross profit: | 151,432 | 158,002 | 120,910 | 112,795 | 98,417 | 105,248 | ||
| Operating expenses | (57,737) | (53,246) | (48,853) | (54,126) | (51,668) | (52,840) | ||
| Other operating expense, net | (22,642) | (9,588) | (15,722) | (21,526) | (34,516) | (28,194) | ||
| Other undisclosed operating income | 22,642 | 9,588 | 15,722 | 21,526 | 34,516 | 28,194 | ||
| Operating income: | 93,695 | 104,756 | 72,057 | 58,669 | 46,749 | 52,408 | ||
| Nonoperating expense | (36,127) | (38,133) | (37,226) | (34,458) | (33,019) | (31,891) | ||
| Interest and debt expense | (3,500) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (98) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 54,068 | 66,623 | 34,831 | 24,113 | 13,730 | 20,517 | ||
| Other undisclosed income from continuing operations before income taxes | 3,500 | 98 | ||||||
| Income from continuing operations before income taxes: | 57,568 | 66,623 | 34,831 | 24,211 | 13,730 | 20,517 | ||
| Income tax expense | (16,213) | (13,818) | (9,914) | (527) | (5,815) | (3,513) | ||
| Net income available to common stockholders, diluted: | 41,355 | 52,805 | 24,917 | 23,684 | 7,915 | 17,004 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 41,355 | 52,805 | 24,917 | 23,684 | 7,915 | 17,004 | ||
| Comprehensive income: | 41,355 | 52,805 | 24,917 | 23,684 | 7,915 | 17,004 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,266 | (649) | (1,667) | 2,600 | (2,265) | 1,894 | ||
| Comprehensive income, net of tax, attributable to parent: | 42,621 | 52,156 | 23,250 | 26,284 | 5,650 | 18,898 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.