Summary - Funding Rounds

Founding Date

1957
ClubCorp is a subsidiary of Apollo Global Management

ClubCorp Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

815.1m884.2m1.1b1.1b

Revenue growth, %

8%19%3%

General and administrative expense

64.1m82.6m77.7m

Operating expense total

64.1m82.6m77.7m

Depreciation and amortization

72.1m103.9m107.2m

EBIT

61.2m66.0m59.8m92.0m

EBIT margin, %

8%7%6%8%

Interest expense

83.7m65.2m70.7m87.2m

Pre tax profit

(39.0m)(28.1m)(7.9m)5.4m

Income tax expense

(1.7m)41.5m(1.6m)(1.3m)

Net Income

(40.7m)13.3m(9.6m)4.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q2, 2016Q1, 2017Q2, 2017

Revenue

194.8m165.7m211.4m204.5m202.1m263.7m255.4m214.9m259.3m269.0m221.3m276.4m

General and administrative expense

11.3m11.5m15.7m13.6m15.4m19.2m15.3m19.7m15.4m17.5m21.3m24.7m

Operating expense total

11.3m11.5m15.7m13.6m15.4m19.2m15.3m19.7m15.4m17.5m21.3m24.7m

Depreciation and amortization

16.4m24.2m25.0m

EBIT

18.2m11.0m21.5m20.7m6.9m17.2m17.2m6.4m22.8m29.6m7.4m18.4m

EBIT margin, %

9%7%10%10%3%7%7%3%9%11%3%7%

Interest expense

19.5m15.7m15.6m12.9m16.1m16.3m16.2m20.4m20.2m19.9m19.6m19.2m

Pre tax profit

(1.2m)(4.7m)(25.4m)9.1m(9.2m)2.5m3.2m(13.8m)2.8m9.8m(12.0m)(708.0k)

Income tax expense

(3.8m)864.0k8.0m(5.8m)(4.9m)(2.7m)(2.0m)5.5m(1.6m)(4.1m)4.5m1.5m

Net Income

(5.0m)(3.8m)(17.5m)3.3m(4.3m)(223.0k)1.2m(8.3m)1.2m5.8m(7.5m)791.0k

ClubCorp Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

53.8m75.0m116.3m84.6m

Accounts Receivable

603.1m

Inventories

15.8m20.9m20.9m22.7m

Current Assets

176.5m203.7m252.2m202.6m

PP&E

1.2b1.5b1.5b1.6b

Goodwill

258.5m312.8m312.8m312.8m

Total Assets

1.7b2.1b2.2b2.1b

Accounts Payable

26.8m31.9m39.5m39.3m

Short-term debt

11.6m20.4m

Current Liabilities

287.1m311.4m335.0m361.9m

Long-term debt

638.1m965.2m1.1b1.1b

Total Debt

649.7m1.1b1.1b

Total Liabilities

1.5b2.0b2.0b

Additional Paid-in Capital

320.3m293.0m263.9m235.9m

Retained Earnings

(92.7m)(79.4m)(89.0m)(82.3m)

Total Equity

238.0m220.9m168.4m142.4m

Debt to Equity Ratio

7.5 x

Debt to Assets Ratio

0.5 x

Financial Leverage

7.3 x9.4 x12.9 x15 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q2, 2016Q1, 2017Q2, 2017

Cash

43.3m60.1m78.9m65.8m72.5m50.4m47.1m97.3m92.1m104.6m53.9m52.0m

Inventories

16.4m17.6m19.1m18.2m23.4m25.4m23.7m23.9m24.2m25.4m25.4m26.4m

Current Assets

167.0m159.8m195.4m190.0m212.6m202.5m216.2m223.0m245.4m253.1m187.9m208.3m

PP&E

1.2b1.2b1.3b1.3b1.5b1.5b1.5b1.5b1.6b1.5b1.6b1.6b

Goodwill

258.5m258.5m258.5m258.5m312.8m312.8m312.8m312.8m312.8m312.8m312.8m312.8m

Total Assets

1.7b1.7b1.8b1.8b2.1b2.1b2.1b2.1b2.2b2.2b2.1b2.2b

Accounts Payable

28.1m25.5m29.5m29.2m39.0m41.6m32.2m30.1m29.3m38.4m27.8m36.7m

Short-term debt

11.6m20.6m19.8m

Current Liabilities

292.5m282.2m283.1m302.5m343.1m337.1m357.9m350.4m370.6m383.6m376.6m398.0m

Long-term debt

785.8m648.2m716.8m720.2m971.0m1.0b1.0b1.1b1.1b1.1b1.1b1.1b

Total Debt

785.8m648.2m716.8m720.2m971.0m1.0b1.0b1.1b1.1b1.1b1.1b1.1b

Total Liabilities

1.6b1.5b1.6b1.6b1.9b1.9b1.9b2.0b2.0b2.0b2.0b2.0b

Additional Paid-in Capital

149.5m313.4m314.6m300.1m285.7m286.8m269.8m255.5m250.7m248.9m228.0m230.2m

Retained Earnings

(60.3m)(96.4m)(114.0m)(110.8m)(83.7m)(83.9m)(82.6m)(94.3m)(87.5m)(88.7m)(89.8m)(89.1m)

Total Equity

98.7m226.9m211.2m199.8m207.6m198.0m180.1m154.6m153.9m151.5m127.9m131.4m

Debt to Equity Ratio

2.9 x7 x8.3 x

Debt to Assets Ratio

0.4 x0.5 x0.5 x

Financial Leverage

17.6 x7.6 x8.4 x9 x10 x10.7 x11.8 x13.8 x14.1 x14.3 x16.6 x16.4 x

ClubCorp Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(40.7m)(9.6m)4.0m

Depreciation and Amortization

72.1m80.8m103.9m107.2m

Cash From Operating Activities

93.7m129.2m152.3m157.7m

Purchases of PP&E

(59.5m)(72.6m)(105.2m)(108.8m)

Cash From Investing Activities

(72.7m)(352.7m)(160.2m)(105.4m)

Long-term Borrowings

(170.9m)(283.4m)(247.3m)(79.6m)

Cash From Financing Activities

(49.1m)245.0m48.5m(85.0m)

Interest Paid

61.4m35.9m51.4m56.9m

Income Taxes Paid

3.2m2.7m11.3m5.7m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q3, 2016Q2, 2016Q1, 2017Q2, 2017

Net Income

(8.4m)(3.8m)(21.3m)(18.0m)(4.3m)(4.5m)(3.3m)(8.3m)(1.4m)(2.6m)(7.5m)(6.7m)

Depreciation and Amortization

47.5m16.4m33.0m50.1m22.1m45.7m69.6m24.2m72.4m47.5m25.0m50.1m

Cash From Operating Activities

66.8m29.5m50.9m78.4m40.5m62.0m98.6m22.3m97.9m70.2m17.7m62.4m

Purchases of PP&E

(42.1m)(12.4m)(35.5m)(55.1m)(20.8m)(50.9m)(76.1m)(20.3m)(73.5m)(47.0m)(23.4m)(52.5m)

Cash From Investing Activities

(52.1m)(23.3m)(52.7m)(82.1m)(35.1m)(106.3m)(131.5m)(26.8m)(78.4m)(53.3m)(32.6m)(64.9m)

Long-term Borrowings

(22.0m)(3.1m)(275.6m)(278.7m)(4.0m)(7.6m)(12.0m)(4.7m)(49.3m)(8.8m)(5.1m)(8.9m)

Cash From Financing Activities

(53.2m)112.0k26.9m15.8m(7.8m)19.7m5.2m(14.7m)(44.2m)(29.2m)(15.4m)(29.2m)

Interest Paid

1.0m18.7m28.7m8.2m26.3m31.4m2.4m33.5m10.7m7.8m18.9m

Income Taxes Paid

202.0k2.7m2.0m162.0k4.4m4.5m407.0k3.4m3.0m1.0m1.3m

ClubCorp Employee Rating

2.5522 votes
Culture & Values
2.5
Work/Life Balance
2.5
Senior Management
2.2
Salary & Benefits
2.2
Career Opportunities
2.6
Source