United Parks & Resorts Inc.
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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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.
Sep 30, 2024 · Filed Nov 8, 2024
PRKS$42.36-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
(In thousands)
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net income | $199,600 | $194,143 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 121,040 | 114,396 |
| Amortization of debt issuance costs and discounts | 3,826 | 4,608 |
| Loss on early extinguishment and modification of debt and write-off of debt issuance costs and discounts | 3,406 | — |
| Deferred income tax provision | 53,354 | 62,139 |
| Equity-based compensation | 9,558 | 12,809 |
| Other, including loss on sale or disposal of assets, net | 12,463 | 22,236 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (20,943) | (13,181) |
| Inventories | (1,614) | 413 |
| Prepaid expenses and other current assets | (20,578) | 3,699 |
| Accounts payable and accrued expenses | 7,872 | (6,823) |
| Accrued salaries, wages and benefits | (4,310) | 6,989 |
| Deferred revenue | 7,951 | (4,383) |
| Other accrued liabilities | (1,708) | 9,095 |
| Right-of-use assets and operating lease liabilities | 451 | 329 |
| Other assets and liabilities | (2,697) | (8,012) |
| Net cash provided by operating activities | 367,671 | 398,457 |
| Cash Flows From Investing Activities: | ||
| Capital expenditures | (222,207) | (234,218) |
| Other investing activities, net | (75) | — |
| Net cash used in investing activities | (222,282) | (234,218) |
| Cash Flows From Financing Activities: | ||
| Repayments of long-term debt | (238,202) | (9,000) |
| Proceeds from the issuance of debt, net | 379,295 | — |
| Proceeds from draws on revolving credit facility | — | 20,000 |
| Repayments of revolving credit facility | — | (20,000) |
| Purchase of treasury stock | (445,265) | (17,861) |
| Payment of tax withholdings on equity-based compensation through shares withheld | (8,642) | (6,561) |
| Exercise of stock options | 1,351 | 2,738 |
| Debt issuance costs | (3,136) | — |
| Other financing activities | (877) | (649) |
| Net cash used in financing activities | (315,476) | (31,333) |
| Change in Cash and Cash Equivalents, including Restricted Cash | (170,087) | 132,906 |
| Cash and Cash Equivalents, including Restricted Cash—Beginning of period | 246,922 | 82,320 |
| Cash and Cash Equivalents, including Restricted Cash—End of period | $76,835 | $215,226 |
| Supplemental Information: | ||
| Capital expenditures in accounts payable | $26,576 | $34,466 |
| Right-of-use assets obtained in exchange for financing lease obligations | $1,553 | $2,900 |
| Cash paid for income taxes, net | $11,127 | $4,351 |
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