Company name:

Planet Fitness Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    06 August 2015
  • TICKER:
    PLNT
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    4 Liberty Lane West Hampton NH 03842
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Planet Fitness Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
23.8% 4.1%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
30.6%
23.8% —

Cash and cash equivalents

4.1% —

Restricted cash and cash equivalents

0.9% —

Other receivables

0.9% —

Accounts Receivable

0.6% —

Prepaid expenses

0.3% —

Income tax receivable

0.0% —

Inventory

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
 $113,080 $289,431 $436,256 $439,478
Restricted cash and cash equivalents
-
-
 - 30,708 42,539 76,322
Accounts Receivable
$45,679
$45,679
 37,272 38,960 42,268 16,447
Due from related parties
$45,679
$45,679
 3,020 - - -
Income tax receivable
-
$45,679
 6,947 6,824 947 5,461
Other receivables
-
$45,679
 9,562 12,548 9,226 16,754
Inventory
$45,679
$45,679
 2,692 5,122 877 473
Prepaid expenses
-
$45,679
 3,929 4,947 8,025 11,881
Restricted assets - NAF
-
$45,679
 499 - - -
Restricted assets - national advertising fund
$45,679
-
 - - - -
Other short-term assets
$45,679
-
 - - 947 -
Total current assets
$45,679
$45,679
 $177,001 $388,540 $540,138 $566,816
8.7% 8.9% 27.6% 11.7% 12.3%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
69.4%
27.6% —

Deferred tax assets

12.3% —

Goodwill

11.7% —

Intangible assets

8.9% —

Right-of-use assets

8.7% —

Property and equipment net

0.1% —

Other non-current assets
Selected Year:
Property and equipment net
45,679
45,679
 83,327 114,367 145,481 160,677
Right-of-use assets
-
-
 - - 155,633 164,252
Deferred tax assets
45,679
45,679
 407,782 414,841 412,293 511,200
Intangible assets
45,679
45,679
 235,657 234,330 233,921 217,075
Goodwill
45,679
45,679
 176,981 199,513 227,821 227,821
Other non-current assets
45,679
45,679
 11,717 1,825 1,903 1,896
Total non-current assets
45,679
45,679
 915,464 964,876 1,177,052 1,282,921
Total assets
45,679
45,679
 $1,092,465 $1,353,416 $1,717,190 $1,849,737
26.4% 90.6% 4.1% 9.1%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
6.0%
1.4% —

Current portion of deferred revenue

1.4% —

Other current liabilities

1.2% —

Accrued expenses

1.0% —

Accounts payable

0.9% —

Current maturities of long-term debt

0.0% —

Equipment deposits
Selected Year:
Accounts payable
$45,679
$45,679
 $28,648 $30,428 $21,267 $19,388
Payable pursuant to tax benefit arrangements
-
$45,679
 31,062 24,765 26,468 -
Payable to related parties pursuant to tax benefit arrangements
$45,679
-
 - - - -
Due to related parties
$45,679
-
 - - - -
Accrued expenses
$45,679
$45,679
 18,590 32,384 31,623 22,042
Current portion of deferred revenue
$45,679
$45,679
 19,083 23,488 27,596 26,691
Equipment deposits
$45,679
$45,679
 6,498 7,908 3,008 795
Current maturities of long-term debt
$45,679
$45,679
 7,185 12,000 17,500 17,500
Restricted liabilities - NAF
-
$45,679
 490 - - -
Restricted liabilities - national advertising fund
$45,679
-
 - - - -
Other current liabilities
$45,679
$45,679
 474 430 18,016 25,479
Total current liabilities
$45,679
$45,679
 $112,030 $131,403 $145,478 $111,895
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
132.1%
90.6% —

Long-term debt

26.4% —

Payable pursuant to tax benefit arrangements net of current portion

9.1% —

Leases

4.1% —

Borrowings under Variable Funding Notes

1.8% —

Deferred revenue

0.1% —

Other non-current liabilities

0.0% —

Deferred tax liability
Selected Year:
Deferred revenue
$45,679
$45,679
 8,440 26,374 34,458 32,587
Payable pursuant to tax benefit arrangements net of current portion
-
$45,679
 400,298 404,468 400,748 488,200
Payable to related parties pursuant to tax benefit arrangements net of current portion
$45,679
-
 - - - -
Deferred tax liability
$45,679
$45,679
 1,629 2,303 1,116 881
Deferred rent
$45,679
$45,679
 6,127 10,083 - -
Long-term debt
$45,679
$45,679
 696,576 1,160,127 1,687,505 1,676,426
Borrowings under Variable Funding Notes
-
-
 - - - 75,000
Leases
-
-
 - - 152,920 167,910
Other non-current liabilities
$45,679
$45,679
 4,302 1,447 2,719 2,511
Total long-term liabilities
$45,679
$45,679
 $1,117,372 $1,604,802 $2,279,466 $2,443,515
Total Liabilities
$45,679
$45,679
 $1,229,402 $1,736,205 $2,424,944 $2,555,410
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
-38.1%
2.5% —

Additional paid-in capital

0.0% —

Non-controlling interest

0.0% —

Accumulated other comprehensive income

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Non-controlling interest
$45,679
$45,679
 ($17,451) ($8,215) ($1,299) $196
Common stock Class A
$45,679
$45,679
 9 9 8 8
Common stock Class B
$45,679
$45,679
 1 1 1 1
Retained earnings
$45,679
-
 - - - -
Accumulated deficit
-
$45,679
 (130,966) (394,410) (736,587) (751,578)
Additional paid-in capital
$45,679
$45,679
 12,118 19,732 29,820 45,673
Accumulated other comprehensive income
-
-
 - 94 303 27
Accumulated other comprehensive (loss) income
-
-
 (648) - 303 -
Accumulated other comprehensive loss
$45,679
$45,679
 - - - -
Total Equity attributable to Company
$45,679
$45,679
 (119,486) (374,574) (706,455) (705,869)
Total Equity
$45,679
$45,679
 ($136,937) ($382,789) ($707,754) ($705,673)
Total Liabilities and Equity
$45,679
$45,679
 $1,092,465 $1,353,416 $1,717,190 $1,849,737