Planet Fitness, Inc. (PLNT) financial statements (2021 and earlier)

Company profile

Business Address 4 LIBERTY LANE WEST
HAMPTON, NH 03842
State of Incorp. DE
Fiscal Year End December 31
SIC 7997 - Membership Sports and Recreation Clubs (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4394362891134031
Cash and cash equivalents4394362891134031
Receivables395258574224
Inventory, net of allowances, customer advances and progress billings015325
Inventory015325
Prepaid expense1285445
Other current assets     6
Other undisclosed current assets764331032
Total current assets:5675403891779173
Noncurrent Assets
Operating lease, right-of-use asset164 
Property, plant and equipment161145114836156
Intangible assets, net (including goodwill)445462434413431451
Goodwill228228200177177177
Intangible assets, net (excluding goodwill)217234234236254274
Deferred income tax assets511 
Other noncurrent assets2221282
Other undisclosed noncurrent assets 568415408410117
Total noncurrent assets:1,2831,177965915910626
TOTAL ASSETS:1,8501,7171,3531,0921,001699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities415363474838
Accounts payable192130292924
Accrued liabilities223232191914
Debt371812775
Liability for uncertainty in income taxes0003  
Due to related parties     3
Deferred revenue and credits23191815
Customer advances and deposits8626
Other liabilities25180000
Other undisclosed current liabilities85724298 
Total current liabilities:1121451311128366
Noncurrent Liabilities
Long-term debt and lease obligation1,9201,6881,160697702480
Long-term debt, excluding current maturities1,7511,6881,160697702480
Finance lease, liability0 
Operating lease, liability168 
Liabilities, other than long-term debt3637402023154
Deferred revenue and credits36151317
Deferred revenue33 
Contract with customer, liability34 
Deferred tax liabilities, net221 
Deferred income tax liabilities1 
Liability for uncertainty in income taxes 0  3 
Due to related parties     137
Other liabilities331450
Other undisclosed noncurrent liabilities488555404400408 
Total noncurrent liabilities:2,4442,2791,6051,1171,133634
Total liabilities:2,5552,4251,7361,2291,216700
Stockholders' equity
Stockholders' equity attributable to parent, including:(706)(706)(375)(119)(131)(15)
Additional paid in capital46302012340
Accumulated other comprehensive income (loss)000(1)(1)(2)
Accumulated deficit(752)(737)(394)(131)(164)(14)
Other undisclosed stockholders' equity attributable to parent00000 
Stockholders' equity attributable to noncontrolling interest0(1)(8)(17)(84) 
Total stockholders' equity:(706)(708)(383)(137)(215)(15)
Other undisclosed liabilities and equity     14
TOTAL LIABILITIES AND EQUITY:1,8501,7171,3531,0921,001699

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues407689573430378331
Revenue, net7430378331
Cost of revenue(224)(194)(163)(129)(122)(113)
Cost of goods and services sold(71)     
Gross profit:182494410301256217
Operating expenses(122)(123)(108)(92)(82)(88)
Other operating income (expense), net(4)(2)(1)(0)10
Other undisclosed operating income (loss)4(136)(118)(61)(60)(57)
Operating income:6023318414811672
Nonoperating income (expense)(74)(60)(52)282(26)(25)
Other nonoperating income (expense)5(6)(6)3171(0)
Interest and debt expense(82)(61)(5)(3)(5)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes82615352
Income (loss) from continuing operations before income taxes:(15)1731324299047
Income tax expense(1)(38)(29)(374)(19)(9)
Net income (loss):(15)135103567138
Net income (loss) attributable to noncontrolling interest0(18)(15)(22)(50)(20)
Net income (loss) available to common stockholders, diluted:(15)11888332219

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(15)135103567138
Other comprehensive income (loss)(0)011(0)(1)
Comprehensive income (loss):(15)136104577137
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(18)(15)(23)(50)(20)
Comprehensive income (loss), net of tax, attributable to parent:(15)11889342217

Statements sources

The financial statements are based on the company's filings with the 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.

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