United Parks & Resorts Inc.

Listed Company

PRKSCIK 0001564902NYSELarge AcceleratedServices-Miscellaneous Amusement & RecreationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.66B

Net Income

$168.35M

Total Assets

$2.62B

Equity

$-435.81M

Shares Out

48.63M

Op. Cash Flow

$380.08M

Business

United Parks & Resorts Inc. operates themed entertainment destinations featuring zoological collections and live-animal experiences. It offers admission-based access to theme parks and water parks, in-park food and beverage, merchandise, licensed consumer products, group events, sponsorships and specialized guest experiences such as animal encounters and immersive dining. Its operations are organized around recognized brands and park types, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place, as well as water park and event divisions. The company serves regional and destination guests across clustered locations in the United States and a licensed park in the United Arab Emirates through direct ticket sales, travel agents, online channels and strategic partnerships.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	1,663	1,725	1,727	1,731	1,504
Cost of food, merchandise and other revenues	128	131	132	135	114
Operating expenses (exclusive of depreciation and amortization shown separately below)	766	750	759	736	622
Selling, general and administrative expenses	228	217	221	200	185
Severance and other separation costs	1	577,000	816,000	108,000	2
Depreciation and amortization	174	163	154	153	149
Total costs and expenses	1,297	1,262	1,267	1,224	1,072
Operating income	365	463	460	508	432
Other expense (income), net	5	64,000	−18,000	−43,000	144,000
Interest expense	134	168	147	118	117
Loss on early extinguishment of debt and write-off of discounts and debt issuance costs	—	4	—	—	59
Income before income taxes	227	292	313	390	256
Provision for income taxes	58	64	79	99	−164,000
Net income	168	227	234	291	257
Earnings per share, basic	3.09	3.82	3.66	4.18	3.28
Earnings per share, diluted	3.06	3.79	3.63	4.14	3.22
Basic	55	60	64	70	78
Diluted	55	60	64	70	80

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	100	116	247	79	444
Accounts receivable, net	77	79	74	71	77
Inventories	52	46	49	55	29
Prepaid expenses and other current assets	54	29	20	28	17
Total current assets	283	270	390	234	567
Property and equipment, at cost	4,137	3,960	3,815	3,576	3,385
Accumulated depreciation	−2,220	−2,073	−1,973	−1,869	−1,740
Property and equipment, net	1,917	1,887	1,842	1,707	1,645
Goodwill	66	66	66	66	66
Trade names/trademarks, net	158	158	158	157	157
Right of use assets-operating leases	125	130	127	130	132
Deferred tax assets, net	2	6	8	12	24
Other assets, net	64	56	33	19	18
Total assets	2,616	2,574	2,625	2,326	2,610
Accounts payable and accrued expenses	153	164	161	160	134
Current maturities of long-term debt	15	15	12	12	12
Operating lease liabilities	4	4	3	3	3
Accrued salaries, wages and benefits	27	23	21	17	22
Deferred revenue	143	153	156	170	155
Other accrued liabilities	42	54	58	47	46
Total current liabilities	385	413	411	409	372
Long-term debt, net	2,218	2,229	2,093	2,099	2,105
Long-term operating lease liabilities	111	115	113	115	117
Deferred tax liabilities, net	258	213	165	97	13
Other liabilities	80	65	51	43	38
Total liabilities	3,052	3,035	2,833	2,763	2,644
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $0.01 par value-authorized, 100,000,000 shares, no shares issued or outstanding at December 31, 2025 and 2024	—	—	—	—	—
Common stock, $0.01 par value-authorized, 1,000,000,000 shares; 97,330,004 and 97,080,628 shares issued at December 31, 2025 and 2024, respectively	973,000	971,000	967,000	963,000	955,000
Additional paid-in capital	746	730	723	710	711
Retained earnings	806	638	410	176	−115
Treasury stock, at cost (46,236,087 and 42,055,289 shares at December 31, 2025 and 2024, respectively)	−1,989	−1,830	−1,343	−1,325	−631
Total stockholders deficit	−436	−462	−208	−438	−34
Total liabilities and stockholders deficit	2,616	2,574	2,625	2,326	2,610

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	168	227	234	291	257
Amortization of debt issuance costs and discounts	4	5	6	6	6
Loss on early extinguishment of debt and write-off of discounts and debt issuance costs	—	6	—	—	52
Deferred income tax provision	49	51	73	95	−4
Equity-based compensation	17	14	17	18	40
Other including loss on impairment or disposal of assets, net	31	34	31	15	6
Accounts receivable	5	−11	−5	10	−59
Inventories	−9	3	5	−27	644,000
Prepaid expenses and other current assets	−24	−8	9	−7	−2
Accounts payable and accrued expenses	−9	13	−9	8	20
Accrued salaries, wages and benefits	4	1	4	−5	11
Deferred revenue	−14	475,000	−14	329,000	33
Other accrued liabilities	−16	−15	6	2	−4
Right-of-use assets and operating lease liabilities	412,000	596,000	439,000	580,000	396,000
Other assets and liabilities	−3	−4	−7	3	−2
Net cash provided by operating activities	380	480	505	565	503
Capital expenditures	−217	−248	−305	−201	−129
Other investing activities	—	−75,000	−771,000	—	—
Net cash used in investing activities	−217	−249	−306	−201	−129
Proceeds from the issuance of debt, net	—	378	—	—	—
Repayments of long-term debt	−15	−242	−12	−12	−2,033
Proceeds from draw on revolving credit facility	—	—	20	—	—
Repayments of revolving credit facility	—	—	−20	—	—
Purchase of treasury stock, including related excise tax paid	−160	−483	−18	−694	−216
Payment of tax withholdings on equity-based compensation through shares withheld	−3	−9	−7	−23	−15
Exercise of stock options	1	2	3	3	6
Debt issuance costs	—	−8	—	−469,000	−23
Other financing activities	−1	−1	−927,000	−484,000	−7
Net cash used in financing activities	−179	−363	−35	−726	−365
Change in Cash and Cash Equivalents, including Restricted Cash	−16	−131	165	−362	9
Capital expenditures in accounts payable and accrued expenses	41	41	51	41	20
Excise tax accrued on treasury stock repurchases	1	5	—	—	—
Treasury stock purchases not yet settled in accounts payable and accrued expenses	1	—	—	—	—

Filings

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