United Parks & Resorts Inc.

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 9, 2024

PRKS$42.36-2.0%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except share and per share amounts)

	March 31,	December 31,
	2024	2023
Assets
Current assets:
Cash and cash equivalents	$203,712	$246,922
Accounts receivable, net	80,429	73,845
Inventories	51,043	49,236
Prepaid expenses and other current assets	41,707	20,179
Total current assets	376,891	390,182
Property and equipment, at cost	3,870,671	3,814,799
Accumulated depreciation	(1,976,668)	(1,972,861)
Property and equipment, net	1,894,003	1,841,938
Goodwill	66,278	66,278
Trade names/trademarks, net	157,845	157,771
Right of use assets-operating leases	129,589	127,379
Deferred tax assets, net	8,617	8,019
Other assets, net	35,932	33,479
Total assets	$2,669,155	$2,625,046
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable and accrued expenses	$181,078	$160,611
Current maturities of long-term debt	11,730	12,000
Operating lease liabilities	3,644	3,380
Accrued salaries, wages and benefits	24,762	21,204
Deferred revenue	209,933	155,614
Other accrued liabilities	58,743	58,106
Total current liabilities	489,890	410,915
Long-term debt, net	2,092,371	2,093,190
Long-term operating lease liabilities	114,791	112,724
Deferred tax liabilities, net	159,708	164,949
Other liabilities	55,459	51,484
Total liabilities	2,912,219	2,833,262
Commitments and contingencies (Note 8)
Stockholders’ Deficit:
Preferred stock, $0.01 par value—authorized, 100,000,000 shares, no shares issued or outstanding at March 31, 2024 and December 31, 2023	—	—
Common stock, $0.01 par value—authorized, 1,000,000,000 shares; 96,961,736 and 96,660,357 shares issued at March 31, 2024 and December 31, 2023, respectively	970	967
Additional paid-in capital	719,772	723,260
Retained earnings	398,898	410,099
Treasury stock, at cost (33,065,289 and 32,690,289 shares at March 31, 2024 and December 31, 2023)	(1,362,704)	(1,342,542)
Total stockholders’ deficit	(243,064)	(208,216)
Total liabilities and stockholders’ deficit	$2,669,155	$2,625,046

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.