Planet Fitness Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
PLNT$61.34+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the Years Ended December
Consolidated Statements of Operations
| For the Years Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Revenue: | |||
| Franchise | $317,917 | $271,559 | $238,349 |
| National advertising fund revenue | 70,012 | 58,075 | 52,361 |
| Corporate-owned stores | 449,296 | 379,393 | 167,219 |
| Equipment | 234,101 | 227,745 | 129,094 |
| Total revenue | 1,071,326 | 936,772 | 587,023 |
| Operating costs and expenses: | |||
| Cost of revenue | 190,026 | 177,200 | 100,993 |
| Store operations | 253,619 | 219,422 | 110,716 |
| Selling, general and administrative | 124,930 | 114,853 | 94,540 |
| National advertising fund expense | 70,095 | 66,116 | 59,442 |
| Depreciation and amortization | 149,413 | 124,022 | 62,800 |
| Other losses, net | 10,379 | 5,081 | 15,137 |
| Total operating costs and expenses | 798,462 | 706,694 | 443,628 |
| Income from operations | 272,864 | 230,078 | 143,395 |
| Other income (expense), net: | |||
| Interest income | 17,741 | 5,005 | 878 |
| Interest expense | (86,576) | (88,628) | (81,211) |
| Other income (expense), net | 3,512 | 14,983 | (11,102) |
| Total other expense, net | (65,323) | (68,640) | (91,435) |
| Income before income taxes | 207,541 | 161,438 | 51,960 |
| Provision for income taxes | 58,512 | 50,515 | 5,659 |
| Losses from equity-method investments, net of tax | (1,994) | (467) | (179) |
| Net income | 147,035 | 110,456 | 46,122 |
| Less net income attributable to non-controlling interests | 8,722 | 11,054 | 3,348 |
| Net income attributable to Planet Fitness, Inc. | $138,313 | $99,402 | $42,774 |
| Net income per share of Class A common stock: | |||
| Basic | $1.63 | $1.18 | $0.51 |
| Diluted | $1.62 | $1.18 | $0.51 |
| Weighted-average shares of Class A common stock outstanding: | |||
| Basic | 84,896 | 84,137 | 83,296 |
| Diluted | 85,185 | 84,544 | 83,894 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.