United Parks & Resorts Inc. (PRKS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6240 SEA HARBOR DRIVE ORLANDO, FL 32821 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 246,922 | 79,196 | 443,707 | 433,909 | 39,946 | 34,073 | |||
| Cash and cash equivalents | 246,922 | 79,196 | 443,707 | 433,909 | 39,946 | 34,073 | |||
| Receivables | 73,845 | 71,050 | 76,948 | 30,410 | 49,728 | 57,980 | |||
| Inventory, net of allowances, customer advances and progress billings | 49,236 | 55,190 | 29,478 | 30,700 | 33,163 | 35,814 | |||
| Inventory | 49,236 | 55,190 | 29,478 | 30,700 | 33,163 | 35,814 | |||
| Prepaid expense | 2,532 | 6,797 | 5,319 | 2,757 | 2,397 | 5,857 | |||
| Other current assets | 16,708 | 20,417 | 11,120 | 8,486 | 8,740 | 9,022 | |||
| Other undisclosed current assets | 939 | 1,046 | 824 | 1,175 | 35,175 | 3,821 | |||
| Total current assets: | 390,182 | 233,696 | 567,396 | 507,437 | 169,149 | 146,567 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 4,537 | 2,353 | 2,824 | ✕ | |||||
| Operating lease, right-of-use asset | 127,379 | 130,479 | 132,217 | 136,572 | 141,438 | ✕ | |||
| Property, plant and equipment | 1,841,938 | 1,706,679 | 1,645,164 | 1,660,960 | 1,733,462 | 1,692,032 | |||
| Intangible assets, net (including goodwill) | 66,278 | 66,278 | 66,278 | 66,278 | 67,304 | 95,741 | |||
| Goodwill | 66,278 | 66,278 | 66,278 | 66,278 | 66,278 | 66,278 | |||
| Intangible assets, net (excluding goodwill) | 1,026 | 29,463 | |||||||
| Deferred income tax assets | 8,019 | 12,332 | 23,995 | 22,847 | ✕ | ||||
| Other noncurrent assets | 33,479 | 19,323 | 18,266 | 15,264 | 13,652 | 14,735 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,527 | ||
| Other undisclosed noncurrent assets | 153,234 | 154,647 | 154,176 | 157,000 | 175,513 | 143,000 | |||
| Total noncurrent assets: | 2,234,864 | 2,092,091 | 2,042,920 | 2,058,921 | 2,131,369 | 1,969,035 | |||
| TOTAL ASSETS: | 2,625,046 | 2,325,787 | 2,610,316 | 2,566,358 | 2,300,518 | 2,115,602 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 58,106 | 46,914 | 67,967 | 61,731 | 97,340 | 120,024 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 22,156 | 10,781 | 15,499 | 20,966 | ||
| Accrued liabilities | 58,106 | 46,914 | 45,811 | 50,950 | 81,841 | 23,066 | |||
| Other undisclosed accounts payable and accrued liabilities | 75,992 | ||||||||
| Deferred revenue | 155,614 | 169,535 | 154,793 | 130,759 | 104,416 | ✕ | |||
| Debt | 13,145 | 12,171 | 12,486 | 15,505 | 69,401 | 45,505 | |||
| Self insurance reserve | 6,895 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 101,110 | ||
| Other undisclosed current liabilities | 184,050 | 180,586 | 136,720 | 109,126 | 131,503 | 37,137 | |||
| Total current liabilities: | 410,915 | 409,206 | 371,966 | 317,121 | 402,660 | 310,671 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,093,190 | 2,099,059 | 2,221,881 | 2,297,281 | 1,606,958 | 1,494,679 | |||
| Long-term debt, excluding current maturities | 2,093,190 | 2,099,059 | 2,104,835 | 2,177,137 | 1,482,619 | 1,494,679 | |||
| Liabilities, other than long-term debt | 329,157 | 255,186 | 50,385 | 57,759 | 47,235 | 45,058 | |||
| Deferred revenue | 10,000 | ✕ | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,711 | ||
| Deferred income tax liabilities | 164,949 | 96,627 | 12,803 | 15,772 | ✕ | ||||
| Other liabilities | 51,484 | 43,163 | 37,582 | 41,987 | 37,235 | 34,347 | |||
| Operating lease, liability | 112,724 | 115,396 | 117,046 | 120,144 | 124,339 | ✕ | |||
| Other undisclosed noncurrent liabilities | 32,773 | ||||||||
| Total noncurrent liabilities: | 2,422,347 | 2,354,245 | 2,272,266 | 2,355,040 | 1,686,966 | 1,539,737 | |||
| Total liabilities: | 2,833,262 | 2,763,451 | 2,644,232 | 2,672,161 | 2,089,626 | 1,850,408 | |||
| Equity | |||||||||
| Equity, attributable to parent | (208,216) | (437,664) | (33,916) | (105,803) | 210,892 | 265,194 | |||
| Common stock | 967 | 963 | 955 | 946 | 940 | 934 | |||
| Treasury stock, value | (1,342,542) | (1,324,681) | (631,058) | (415,309) | (402,903) | (252,903) | |||
| Additional paid in capital | 723,260 | 710,151 | 711,474 | 680,360 | 673,893 | 663,834 | |||
| Accumulated other comprehensive income (loss) | (1,559) | 2,284 | |||||||
| Retained earnings (accumulated deficit) | 410,099 | 175,903 | (115,287) | (371,800) | (59,479) | (148,955) | |||
| Total equity: | (208,216) | (437,664) | (33,916) | (105,803) | 210,892 | 265,194 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,625,046 | 2,325,787 | 2,610,316 | 2,566,358 | 2,300,518 | 2,115,602 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,726,587 | 1,731,237 | 1,503,730 | 431,779 | 1,398,244 | 1,372,290 | ||
| Cost of revenue | (151,913) | (142,525) | (122,418) | (46,238) | (115,829) | (104,309) | ||
| Gross profit: | 1,574,674 | 1,588,712 | 1,381,312 | 385,541 | 1,282,415 | 1,267,981 | ||
| Operating expenses | (1,114,919) | (1,081,181) | (949,350) | (627,204) | (1,069,215) | (1,116,314) | ||
| Operating income (loss): | 459,755 | 507,531 | 431,962 | (241,663) | 213,200 | 151,667 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 18 | 43 | (144) | (276) | (18) | 100 | ||
| Interest and debt expense | (146,666) | (117,501) | (175,469) | (100,907) | (84,178) | (80,914) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 313,107 | 390,073 | 256,349 | (342,846) | 129,004 | 70,853 | ||
| Other undisclosed loss from continuing operations before income taxes | (8,150) | |||||||
| Income (loss) from continuing operations before income taxes: | 313,107 | 390,073 | 256,349 | (342,846) | 129,004 | 62,703 | ||
| Income tax expense (benefit) | (78,911) | (98,883) | 164 | 30,525 | (39,528) | (17,915) | ||
| Income (loss) from continuing operations: | 234,196 | 291,190 | 256,513 | (312,321) | 89,476 | 44,788 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 256,513 | (312,321) | 89,476 | 44,788 | |
| Net income (loss) available to common stockholders, diluted: | 234,196 | 291,190 | 256,513 | (312,321) | 89,476 | 44,788 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 234,196 | 291,190 | 256,513 | (312,321) | 89,476 | 44,788 | ||
| Comprehensive income (loss): | 234,196 | 291,190 | 256,513 | (312,321) | 89,476 | 44,788 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,559 | (3,843) | 8,454 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 234,196 | 291,190 | 256,513 | (310,762) | 85,633 | 53,242 | ||
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.