United Parks & Resorts Inc.
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 3, 2025
PRKS$42.36-2.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
| UNITED PARKS & RESORTS INC. AND SUBSIDIARIES | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| (In thousands) | |||
| Year Ended December 31, | |||
| 2024 | 2023 | 2022 | |
| Cash Flows From Operating Activities: | |||
| Net income | $227,497 | $234,196 | $291,190 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 163,438 | 154,208 | 152,620 |
| Amortization of debt issuance costs and discounts | 4,978 | 6,131 | 6,234 |
| Loss on early extinguishment of debt and write-off of discounts and debt issuance costs | 5,544 | — | — |
| Deferred income tax provision | 50,694 | 72,636 | 95,487 |
| Equity-based compensation | 13,673 | 17,032 | 18,158 |
| Other including loss on impairment or disposal of assets, net | 33,816 | 30,523 | 15,280 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (10,926) | (4,528) | 10,334 |
| Inventories | 2,597 | 5,366 | (27,112) |
| Prepaid expenses and other current assets | (7,727) | 9,448 | (7,020) |
| Accounts payable and accrued expenses | 13,248 | (8,887) | 7,849 |
| Accrued salaries, wages and benefits | 1,462 | 3,781 | (4,733) |
| Deferred revenue | 475 | (13,953) | 329 |
| Other accrued liabilities | (15,297) | 5,608 | 1,961 |
| Right-of-use assets and operating lease liabilities | 596 | 439 | 580 |
| Other assets and liabilities | (3,929) | (7,084) | 3,431 |
| Net cash provided by operating activities | 480,139 | 504,916 | 564,588 |
| Cash Flows From Investing Activities: | |||
| Capital expenditures | (248,430) | (304,836) | (200,705) |
| Other investing activities | (75) | (771) | — |
| Net cash used in investing activities | (248,505) | (305,607) | (200,705) |
| Cash Flows From Financing Activities: | |||
| Proceeds from the issuance of debt, net | 378,295 | — | — |
| Repayments of long-term debt | (242,058) | (12,000) | (12,000) |
| Proceeds from draw on revolving credit facility | — | 20,000 | — |
| Repayments of revolving credit facility | — | (20,000) | — |
| Purchase of treasury stock | (482,922) | (17,861) | (693,623) |
| Payment of tax withholdings on equity-based compensation through shares withheld | (8,756) | (6,859) | (22,501) |
| Exercise of stock options | 1,792 | 2,940 | 3,028 |
| Debt issuance costs | (7,780) | — | (469) |
| Other financing activities | (1,234) | (927) | (484) |
| Net cash used in financing activities | (362,663) | (34,707) | (726,049) |
| Change in Cash and Cash Equivalents, including Restricted Cash | (131,029) | 164,602 | (362,166) |
| Cash and Cash Equivalents, including Restricted Cash—Beginning of year | 246,922 | 82,320 | 444,486 |
| Cash and Cash Equivalents, including Restricted Cash—End of year | $115,893 | $246,922 | $82,320 |
| Supplemental Disclosures of Noncash Investing and Financing Activities | |||
| Capital expenditures in accounts payable and accrued expenses | $40,583 | $50,618 | $40,729 |
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