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
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
39.9% —
Franchise
28.8% —
Corporate-owned stores
20.5% —
Equipment
10.6% —
National advertising fund revenue
0.2% —
Commission income
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
| Franchise | 131,983 | 175,314 | 223,139 | 162,159 | 162,159 | 199,452 | ||
| Commission income | 18,172 | 6,632 | 4,288 | 696 | 696 | 852 | ||
| Corporate-owned stores | 112,114 | 138,599 | 159,697 | 117,142 | 117,142 | 155,672 | ||
| National advertising fund revenue | - | 42,194 | 50,155 | 43,301 | 43,301 | 67,168 | ||
| Equipment | 167,673 | 210,159 | 251,524 | 83,320 | 83,320 | 111,940 | ||
| Total Revenue | $429,942 | $572,898 | $688,803 | $406,618 | $406,618 | $535,084 |
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
85.3%
21.6% —
Store operations
17.5% —
Cost of revenue
16.9% —
Selling general and administrative
15.1% —
National advertising fund expense
13.2% —
Depreciation and amortization
1.1% —
Other gain or loss
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
|
Cost of revenue
|
129,266 | 162,646 | 194,449 | 70,955 | 70,955 | 101,320 | ||
|
Store operations
|
60,657 | 75,005 | 86,108 | 87,797 | 87,797 | 102,352 | ||
|
National advertising fund expense
|
- | 42,619 | 50,153 | 61,255 | 61,255 | 60,060 | ||
|
Selling general and administrative
|
60,369 | 72,446 | 78,818 | 68,585 | 68,585 | 69,768 | ||
|
Depreciation and amortization
|
31,761 | 35,260 | 44,346 | 53,832 | 53,832 | 57,584 | ||
|
Other gain or loss
|
353 | 878 | 1,846 | 4,434 | 4,434 | 15,312 | ||
|
Total costs and operating expenses
|
282,406 | 388,854 | 455,720 | 346,858 | 346,858 | 406,396 |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
14.7%
14.7% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.2%
1.2% —
Other expense or income
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
15.9%
15.9% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
19.6%
0.7% —
Interest income
0.2% —
Income tax expense or benefit
20.2% —
Interest expense
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
|
Interest expense
|
(35,337) | (50,746) | (60,852) | (82,117) | (82,117) | (82,892) | ||
|
Interest income
|
54 | 4,681 | 7,053 | 2,937 | 2,937 | 1,208 | ||
|
Total other expense or income
|
281,645 | (52,240) | (59,906) | (74,277) | (74,277) | (58,936) | ||
|
Income before income taxes
|
429,181 | 131,804 | 173,177 | (14,517) | (14,517) | 69,752 | ||
|
Income tax expense or benefit
|
373,580 | 28,642 | 37,764 | 687 | 687 | 31,024 |
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
3.7%
3.7% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|
|
Net income (loss)
|
$55,601 | $103,162 | $135,413 | ($15,204) | ($15,204) | $38,728 | ||
|
Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to non-controlling interests
|
22,455 | 15,141 | 17,718 | (213) | (213) | 3,968 | ||
|
Net income (loss) attributable to Company
|
33,146 | 88,021 | 117,695 | (14,991) | (14,991) | 34,760 |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)