United Parks & Resorts Inc.
For the period ended Mar 31, 2024. Filed May 9, 2024.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(11,201) | $(16,467) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 39,182 | 37,394 |
| Amortization of debt issuance costs and discounts | 1,481 | 1,542 |
| Loss on early extinguishment and modification of debt | 542 | — |
| Deferred income tax benefit | (5,840) | (8,417) |
| Equity-based compensation | 3,520 | 4,482 |
| Other, including loss on sale or disposal of assets, net | 5,594 | 3,221 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (8,453) | (1,361) |
| Inventories | (1,844) | (3,936) |
| Prepaid expenses and other current assets | (21,320) | (6,863) |
| Accounts payable and accrued expenses | 13,473 | (345) |
| Accrued salaries, wages and benefits | 3,558 | 5,377 |
| Deferred revenue | 55,913 | 42,072 |
| Other accrued liabilities | (2,641) | (1,276) |
| Right of use assets and operating lease liabilities | 121 | 104 |
| Other assets and liabilities | (639) | (5,231) |
| Net cash provided by operating activities | 71,446 | 50,296 |
| Cash Flows From Investing Activities: | ||
| Capital expenditures | (87,286) | (69,758) |
| Other investing activities | (74) | — |
| Net cash used in investing activities | (87,360) | (69,758) |
| Cash Flows From Financing Activities: | ||
| Repayments of long-term debt | (2,933) | (3,000) |
| Proceeds from draws on revolving credit facility | — | 20,000 |
| Repayments of revolving credit facility | — | (20,000) |
| Purchase of treasury stock | (16,898) | — |
| Payment of tax withholdings on equity-based compensation through shares withheld | (7,460) | (5,569) |
| Exercise of stock options | 455 | 565 |
| Debt issuance costs | (179) | — |
| Other financing activities | (281) | (93) |
| Net cash used in financing activities | (27,296) | (8,097) |
| Change in Cash and Cash Equivalents, including Restricted Cash | (43,210) | (27,559) |
| Cash and Cash Equivalents, including Restricted Cash—Beginning of period | 246,922 | 82,320 |
| Cash and Cash Equivalents, including Restricted Cash—End of period | $203,712 | $54,761 |
| Supplemental Disclosure of Noncash Investing and Financing Activities | ||
| Capital expenditures in accounts payable | $57,556 | $45,548 |
| Treasury stock purchases not yet settled in other accrued liabilities | $3,264 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.