Company name:

Planet Fitness Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    August 06, 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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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
52.4% - Depreciation and amortization
23.0% - Accounts receivable
7.0% - Deferred income taxes
6.2% - Amortization of deferred financing costs
4.7% - Stock-based compensation
4.3% - Other liabilities
2.0% - Deferred rent
0.4% - Inventory
0.1% - Amortization of favorable leases and asset retirement obligations
SOURCEs
23.0% 52.4% 7.0% 4.3% 6.2% 4.7%
100 %
0%
USES
30.3% 10.6% 25.9% 4.3% 5.8% 14.8%
25.9% - Payments pursuant to tax benefit arrangements
14.8% - Net income (loss)
10.6% - Accounts payable and accrued liabilities
5.8% - Loss (gain) on re-measurement of tax benefit arrangement
4.3% - Income taxes
2.8% - Deferred revenue
2.6% - Other assets
2.2% - Equipment deposits
0.5% - Other
0.1% - (Gain) loss on sale of property and equipment
0.1% - Provision for (recovery of) bad debt expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 $103,162 $135,413 ($15,204) ($15,204) $38,728
Depreciation and amortization
$45,679
$45,679
$45,679
 35,260 44,346 53,832 53,832 57,584
Amortization of favorable leases and asset retirement obligations Amortization of favorable leases and asset retirement obligations
$45,679
$45,679
$45,679
 375 237 57 57 228
Amortization of deferred financing costs
$45,679
$45,679
$45,679
 3,400 5,454 6,411 6,411 6,440
Stock-based compensation
$45,679
$45,679
$45,679
 5,479 4,826 4,777 4,777 4,852
Amortization of interest rate cap premium
$45,679
-
-
 - - - - -
Amortization and settlement of interest rate caps
-
$45,679
$45,679
 1,170 - - - -
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
 19 87 (74) (74) (116)
Deferred income taxes
$45,679
$45,679
$45,679
 23,933 21,625 7,213 7,213 58,876
(Gain) loss on sale of property and equipment
$45,679
$45,679
$45,679
 462 (159) (107) (107) (428)
Loss (gain) on re-measurement of tax benefit arrangement Loss (gain) on re-measurement of tax benefit arrangement
$45,679
$45,679
$45,679
 4,765 5,966 (5,949) (5,949) (21,788)
Loss on reacquired franchise rights
-
$45,679
$45,679
 360 1,810 - - -
(Gain) loss on repayment of debt
$45,679
$45,679
$45,679
 4,570 - - - -
Third party debt refinancing expense
$45,679
$45,679
$45,679
 - - - - -
Accounts receivable
$45,679
$45,679
$45,679
 (1,923) (895) 23,611 23,611 (18,140)
Due from related parties
$45,679
$45,679
$45,679
 3,598 (472) - - -
Inventory
$45,679
$45,679
$45,679
 (2,430) 4,244 404 404 5,332
Other assets
$45,679
$45,679
$45,679
 5,778 (3,198) (2,676) (2,676) 34,752
Accounts payable and accrued liabilities
$45,679
$45,679
$45,679
 14,506 (6,268) (10,938) (10,938) 840
Equipment deposits
$45,679
$45,679
$45,679
 1,410 (4,900) (2,212) (2,212) (2,904)
Income taxes
$45,679
$45,679
$45,679
 194 6,231 (4,461) (4,461) (10,304)
Deferred rent
$45,679
$45,679
$45,679
 3,999 1,823 2,027 2,027 8,108
Deferred revenue
$45,679
$45,679
$45,679
 9,640 11,452 (2,842) (2,842) 8,840
Payments pursuant to tax benefit arrangements
$45,679
$45,679
$45,679
 (30,493) (24,998) (26,621) (26,621) (106,484)
Other
-
-
-
 - - (494) (494) (1,604)
Other liabilities
$45,679
$45,679
$45,679
 (2,835) 1,687 4,384 4,384 15,692
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 $184,399 $204,311 $31,138 $31,138 $133,012
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
100.0% - (Purchase) sale of property and equipment
SOURCEs
100.0%
100 %
0%
USES
0%
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
 196 109 282 282 -
Purchase of intellectual property
-
-
-
 - (300) - - -
Acquisition of franchises
-
$45,679
$45,679
 (45,752) (52,613) - - -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($86,416) ($110,694) ($52,278) ($52,278) ($63,364)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
96.7% - Long-term borrowing
3.3% - Issuance of common stock - Class A
SOURCEs
96.7% 3.3%
100 %
0%
USES
74.6% 22.6%
22.6% - Repayment of long-term borrowing
2.3% - Distributions to members of Pla-Fit Holdings
0.3% - Dividend equivalent paid to members of Pla-Fit Holdings
0.2% - Repayments of capital leases
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) - Class A common stock
$45,679
-
-
 - - - - -
Issuance of common stock - Class A
$45,679
$45,679
$45,679
 1,209 2,863 2,571 2,571 2,760
Long-term borrowing
$45,679
$45,679
$45,679
 1,200,000 550,000 75,000 75,000 300,000
Repayment of long-term borrowing
$45,679
$45,679
$45,679
 (712,469) (12,000) (17,500) (17,500) (17,500)
Repayments of capital leases
$45,679
$45,679
$45,679
 (47) (93) (165) (165) (188)
Deferred financing and other debt-related costs
$45,679
$45,679
$45,679
 (27,133) (10,577) - - -
Dividends on common stock - Class A
-
$45,679
$45,679
 - - - - -
Dividend equivalent paid to members of Pla-Fit Holdings Dividend equivalent paid to members of Pla-Fit Holdings
$45,679
$45,679
$45,679
 (957) (243) (234) (234) (936)
Distributions to members of Pla-Fit Holdings
$45,679
$45,679
$45,679
 (8,300) (7,436) (1,822) (1,822) (7,288)
Use of proceeds from issuance of Class A common stock to purchase Holdings Units Use of proceeds from issuance of Class A common stock to purchase Holdings Units
$45,679
-
-
 - - - - -
Repurchases of common stock - Class A
-
$45,679
$45,679
 (342,383) (458,166) - - -
Repurchases of common stock - Class B
-
$45,679
$45,679
 - - - - -
Premiums paid for interest rate caps
$45,679
-
$45,679
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 $109,920 $64,348 $57,850 $57,850 ($15,612)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$37,005,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $113,080 $320,139 $478,795 - $2,006,408
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
 (844) 691 295 - 2,756
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 207,059 158,656 37,005 - 56,792
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $320,139 $478,795 $515,800 - $2,063,200