Planet Fitness, Inc. (PLNT) financial statements (2022 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)

12/31/2021
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 investments5464394362891134031
Cash and cash equivalents5464394362891134031
Receivables44395258574224
Inventory, net of allowances, customer advances and progress billings1015325
Inventory1015325
Prepaid expense131285445
Other current assets      6
Other undisclosed current assets58764331032
Total current assets:6625675403891779173
Noncurrent Assets
Finance lease, right-of-use asset0  
Operating lease, right-of-use asset190164 
Property, plant and equipment 161145114836156
Intangible assets, net (including goodwill)430445462434413431451
Goodwill229228228200177177177
Intangible assets, net (excluding goodwill)201217234234236254274
Deferred income tax assets539511 
Other noncurrent assets22221282
Other undisclosed noncurrent assets192 568415408410117
Total noncurrent assets:1,3541,2831,177965915910626
TOTAL ASSETS:2,0161,8501,7171,3531,0921,001699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80415363474838
Accounts payable28192130292924
Accrued liabilities52223232191914
Deferred revenue28  
Debt18371812775
Liability for uncertainty in income taxes00003  
Due to related parties      3
Deferred revenue and credits23191815
Customer advances and deposits8626
Other liabilities2525180000
Other undisclosed current liabilities2685724298 
Total current liabilities:1771121451311128366
Noncurrent Liabilities
Long-term debt and lease obligation1,9381,9201,6881,160697702480
Long-term debt, excluding current maturities1,7401,7511,6881,160697702480
Finance lease, liability00 
Operating lease, liability198168 
Liabilities, other than long-term debt363637402023154
Deferred revenue and credits36151317
Deferred revenue3333 
Contract with customer, liability34 
Deferred tax liabilities, net221 
Deferred income tax liabilities 1 
Liability for uncertainty in income taxes  0  3 
Due to related parties      137
Other liabilities3331450
Other undisclosed noncurrent liabilities508488555404400408 
Total noncurrent liabilities:2,4822,4442,2791,6051,1171,133634
Total liabilities:2,6592,5552,4251,7361,2291,216700
Stockholders' equity
Stockholders' equity attributable to parent, including:(645)(706)(706)(375)(119)(131)(15)
Additional paid in capital6346302012340
Accumulated other comprehensive income (loss)0000(1)(1)(2)
Accumulated deficit(709)(752)(737)(394)(131)(164)(14)
Other undisclosed stockholders' equity attributable to parent000000 
Stockholders' equity attributable to noncontrolling interest30(1)(8)(17)(84) 
Total stockholders' equity:(643)(706)(708)(383)(137)(215)(15)
Other undisclosed liabilities and equity      14
TOTAL LIABILITIES AND EQUITY:2,0161,8501,7171,3531,0921,001699

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues587407689573430378331
Revenue, net7430378331
Cost of revenue(286)(224)(194)(163)(129)(122)(113)
Cost of goods and services sold(101)(71)     
Gross profit:301182494410301256217
Operating expenses(157)(122)(123)(108)(92)(82)(88)
Other operating income (expense), net(15)(4)(2)(1)(0)10
Other undisclosed operating income (loss)154(136)(118)(61)(60)(57)
Operating income:1436023318414811672
Nonoperating income (expense)(91)(74)(60)(52)282(26)(25)
Other nonoperating income (expense)(11)5(6)(6)3171(0)
Interest and debt expense(81)(82)(61)(5)(3)(5)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes8182615352
Income (loss) from continuing operations before equity method investments, income taxes:52(15)1731324299047
Loss from equity method investments(0)      
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:52(15)1731324299047
Income tax expense(6)(1)(38)(29)(374)(19)(9)
Income (loss) before gain (loss) on sale of properties:46(15)135103567138
Other undisclosed net loss(0)      
Net income (loss):46(15)135103567138
Net income (loss) attributable to noncontrolling interest(3)0(18)(15)(22)(50)(20)
Net income (loss) available to common stockholders, diluted:43(15)11888332219

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):46(15)135103567138
Other comprehensive income (loss)(0)(0)011(0)(1)
Comprehensive income (loss):46(15)136104577137
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)0(18)(15)(23)(50)(20)
Comprehensive income (loss), net of tax, attributable to parent:43(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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