ClubCorp Revenue

ClubCorp revenue was $1.09 b in FY, 2016 which is a 3.4% year over year increase from the previous period.

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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%

Cost of goods sold

527.8m568.2m682.0m696.0m

Gross profit

287.3m316.0m370.9m392.5m

Gross profit Margin, %

35%36%35%36%

General and administrative expense

64.1m73.9m82.6m77.7m

Operating expense total

226.1m250.0m311.1m300.5m

Depreciation and amortization

72.1m80.8m103.9m107.2m

EBIT

61.2m66.0m59.8m92.0m

EBIT margin, %

8%7%6%8%

Interest income

345.0k2.6m5.5m608.0k

Pre tax profit

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

Income tax expense

1.7m(41.5m)1.6m1.3m

Net Income

(40.7m)13.3m(9.6m)3.6m

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

Cost of goods sold

111.0m136.6m142.4m146.3m

Gross profit

54.7m65.4m72.5m75.0m

Gross profit Margin, %

33%32%34%34%

General and administrative expense

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

Operating expense total

11.3m43.7m15.7m13.6m58.6m19.2m15.3m66.1m15.4m17.5m67.6m24.7m

Depreciation and amortization

16.4m22.8m24.2m25.0m

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

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

Interest income

82.0k84.0k126.0k165.0k

Investment income

(32.0k)

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)(864.0k)8.0m(5.8m)(4.9m)(2.7m)(2.0m)(5.5m)(1.6m)(4.1m)(4.5m)1.5m

Net Income

(5.0m)(3.8m)(17.5m)3.3m(4.3m)(223.0k)1.2m(8.4m)1.2m5.8m(7.5m)791.0k

ClubCorp Balance Sheet

Annual

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

Cash

53.8m75.0m116.3m84.6m

Accounts Receivable

83.2m65.3m68.7m603.1m

Prepaid Expenses

13.3m15.8m19.9m

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

11.6m18.0m20.4m

Current Liabilities

287.1m311.4m335.0m361.9m

Long-term debt

638.1m965.2m1.1b1.1b

Total Debt

649.7m983.2m1.1b1.1b

Total Liabilities

1.5b1.8b2.0b2.0b

Common Stock

638.0k644.0k647.0k

Additional Paid-in Capital

320.3m293.0m263.9m235.9m

Retained Earnings

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

Total Equity

238.0m220.9m178.8m142.4m

Debt to Equity Ratio

2.7 x6.2 x7.5 x

Debt to Assets Ratio

0.4 x0.5 x0.5 x

Financial Leverage

7.3 x9.4 x12.1 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

Accounts Receivable

59.3m69.8m80.9m84.9m

Prepaid Expenses

15.1m19.3m20.9m23.6m

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

11.6m18.3m20.6m19.8m

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

Common Stock

642.0k646.0k655.0k658.0k

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

98.7m226.9m211.2m199.8m207.6m198.0m180.1m165.1m153.9m151.5m137.9m131.4m

Debt to Equity Ratio

2.9 x4.7 x6.5 x7.7 x

Debt to Assets Ratio

0.4 x0.5 x0.5 x0.5 x

Financial Leverage

17.6 x7.6 x8.4 x9 x10 x10.7 x11.8 x12.9 x14.1 x14.3 x15.4 x16.4 x

ClubCorp Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

69.2m79.4m103.9m107.2m

Accounts Receivable

(26.9m)29.7m6.6m(3.9m)

Accounts Payable

(815.0k)1.0m2.5m(2.6m)

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)

Short-term Borrowings

(11.2m)(57.0m)

Long-term Borrowings

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

Dividends Paid

(31.6m)(33.6m)(34.0m)

Cash From Financing Activities

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

Net Change in Cash

41.3m(31.7m)

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

47.5m16.3m33.0m50.1m22.8m45.7m69.6m24.2m72.4m47.5m25.0m50.1m

Accounts Receivable

24.8m(828.0k)(6.4m)(5.9m)

Accounts Payable

(52.0k)5.7m(4.4m)(6.0m)

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)

Dividends Paid

(7.7m)(8.4m)(8.5m)(8.6m)

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)

Net Change in Cash

(2.5m)(19.1m)(30.7m)

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 Ratios

USDQ3, 2013

Financial Leverage

17.6 x

ClubCorp Employee Rating

2.9600 votes
Culture & Values
2.6
Work/Life Balance
2.8
Senior Management
2.3
Salary & Benefits
2.2
Career Opportunities
2.8
Source