← Planet Fitness, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $21.5m | $33.1m | $88.0m | $117.7m | ($15.0m) | $42.8m | $99.4m | $138.3m | $172.0m | $219.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $71.2m | $55.6m | $103.2m | $135.4m | ($15.2m) | $46.1m | $99.4m | $138.3m | $172.0m | $219.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $71.2m | $55.6m | $103.2m | $135.4m | ($15.2m) | $46.1m | $110.5m | $147.0m | $174.2m | $220.3m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $49.7m | $22.5m | $15.1m | $17.7m | ($213k) | $3.3m | $11.1m | $8.7m | $2.2m | $1.2m | |
| Depreciation and amortization | $31.5m | $31.8m | $35.3m | $44.3m | $53.8m | $62.8m | $124.0m | $149.4m | $160.3m | $155.8m | |
| Amortization of Debt Issuance Costs | $1.5m | $1.9m | $3.4m | $5.5m | $6.4m | $6.3m | $5.5m | $5.5m | $5.4m | $5.4m | |
| Amortization of Intangible Assets | $19.8m | $18.2m | $16.1m | $16.4m | $16.9m | $16.7m | $40.3m | $51.5m | $49.2m | $36.8m | |
| Depreciation | $12.1m | $13.9m | $19.5m | $28.0m | $36.9m | $46.1m | $83.3m | $97.9m | $111.1m | $119.0m | |
| Deferred Income Tax Expense (Benefit) | $15.6m | $372.4m | $23.9m | $21.6m | $7.2m | $1.5m | $48.6m | $51.2m | $55.7m | $63.9m | |
| Share-based Payment Arrangement, Noncash Expense | $1.7m | $2.5m | $5.5m | $4.8m | $4.8m | $8.8m | $8.1m | $7.9m | $8.9m | $12.3m | |
| Share-based Payment Arrangement, Expense | $784k | $152k | $21k | $3k | — | — | — | $7.9m | $8.9m | $12.3m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | $1.3m | $0 | — | $6.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $514k | $159k | ($462k) | $159k | $107k | $46k | $60k | $99k | $671k | $2.1m | |
| Gain (Loss) on Extinguishment of Debt | ($606k) | ($79k) | ($4.6m) | $0 | $0 | — | $1.6m | $0 | ($2.3m) | ($1.7m) | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | ($179k) | ($467k) | ($2.0m) | ($4.0m) | ($2.8m) | |
| Income Tax Expense (Benefit) | $18.7m | $373.6m | $28.6m | $37.8m | $687k | $5.7m | $50.5m | $58.5m | $68.4m | $85.9m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $100.0m | $108.2m | |
| Other Nonoperating Income (Expense) | $1.4m | $316.9m | ($6.2m) | ($6.1m) | $4.9m | ($11.1m) | $15.0m | $3.5m | ($548k) | ($454k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $7.8m | $10.5m | $1.9m | $895k | ($23.6m) | $10.8m | $19.2m | ($4.8m) | $36.5m | ($7.2m) | |
| Increase (Decrease) in Inventories | ($2.8m) | $890k | $2.4m | ($4.2m) | ($404k) | $681k | $4.1m | ($599k) | $1.5m | $1.4m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | ($3.8m) | — | — | — | — | — | |
| Goodwill | $177.0m | $177.0m | $199.5m | $227.8m | $227.8m | $228.6m | $702.7m | $717.5m | $720.6m | $712.5m | |
| Insured Event, Gain (Loss) | — | — | — | — | — | — | — | — | — | $1.5m | |
| Investment Income, Interest | — | — | $4.7m | $7.1m | $2.9m | $878k | $5.0m | $17.7m | $23.1m | $23.0m | |
| Nonoperating Income (Expense) | ($25.8m) | $281.6m | ($52.2m) | ($59.9m) | ($74.3m) | ($91.4m) | ($68.6m) | ($65.3m) | ($77.5m) | ($85.7m) | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | — | $290.5m | $318.5m | |
| Payments of Financing Costs | $5.2m | $1.3m | $27.1m | $10.6m | $0 | $0 | $16.2m | $0 | $12.1m | $13.8m | |
| Other Operating Income (Expense), Net | $1.4m | ($353k) | ($878k) | ($1.8m) | ($4.4m) | ($15.1m) | ($5.1m) | ($10.4m) | ($1.3m) | $385k | |
| Net Cash Provided by (Used in) Operating Activities | $108.8m | $131.0m | $184.4m | $204.3m | $31.1m | $189.3m | $240.2m | $330.3m | $343.9m | $418.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $15.4m | $37.7m | $40.9m | $57.9m | $52.6m | $54.1m | $100.1m | $136.0m | $155.1m | $163.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $45.8m | $52.6m | $0 | $1.9m | $424.9m | $43.3m | $0 | — | |
| Payments to Acquire Investments | — | — | — | — | — | $35.0m | $2.4m | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($112k) | |
| Net Cash Provided by (Used in) Investing Activities | ($14.7m) | ($37.0m) | ($86.4m) | ($110.7m) | ($52.3m) | ($90.9m) | ($506.6m) | ($340.0m) | ($208.7m) | ($160.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $230.0m | $0 | $1.2b | $550.0m | $75.0m | $0 | $900.0m | $0 | $800.0m | $750.0m | |
| Repayments of Long-term Debt | $5.6m | $7.2m | $712.5m | $12.0m | $17.5m | $17.5m | $724.8m | $20.7m | $608.7m | $431.6m | |
| Proceeds from Issuance of Common Stock | $136k | $480k | $1.2m | $2.9m | $2.6m | $8.2m | $925k | $9.2m | $21.9m | $1.9m | |
| Payments for Repurchase of Common Stock | $1.6m | $0 | $342.4m | $458.2m | $0 | $0 | $94.3m | $125.0m | $300.2m | $500.4m | |
| Payments of Ordinary Dividends, Common Stock | $169.3m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($85.2m) | ($21.7m) | $109.9m | $64.3m | $57.9m | ($10.2m) | $135.7m | ($141.4m) | ($105.0m) | ($198.1m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $23k | $411k | ($844k) | $691k | $295k | $14k | ($808k) | $776k | ($2.6m) | $2.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $9.0m | $72.7m | $207.1m | $158.7m | $37.0m | $88.1m | ($131.4m) | ($150.4m) | $27.6m | $62.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.0m | $72.7m | $320.1m | $478.8m | $515.8m | $603.9m | $472.5m | $322.1m | $349.7m | $412.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $24.3m | $31.4m | $38.6m | $53.7m | $75.6m | $74.9m | $81.0m | $81.2m | $90.9m | $100.2m | |
| Income Taxes Paid, Net | — | — | — | — | ($2.2m) | $1.8m | $3.6m | $5.3m | $12.1m | $21.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.