Planet Fitness Revenue

Planet Fitness revenue was $688.80 m in FY, 2019

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Summary - Funding Rounds

Founding Date

1992

Total Funding

$550 m

Investors

Planet Fitness Revenue Breakdown

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Planet Fitness revenue breakdown by business segment: 30.8% from Franchise, 27.7% from Corporate-owned Stores and 41.5% from Equipment

Planet Fitness Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

279.8m330.5m378.2m429.9m572.9m688.8m

Revenue growth, %

18%14%

Cost of goods sold

100.3m113.5m122.3m129.3m162.6m194.4m

Gross profit

179.5m217.0m255.9m300.7m410.3m494.4m

Gross profit Margin, %

64%66%68%70%72%72%

General and administrative expense

35.1m55.6m50.0m60.4m72.4m78.8m

Operating expense total

35.1m144.9m140.3m153.1m226.2m261.3m

Depreciation and amortization

32.2m31.5m31.8m35.3m44.3m

EBIT

61.5m72.1m115.7m147.5m184.0m233.1m

EBIT margin, %

22%22%31%34%32%34%

Interest expense

21.8m24.5m27.1m35.3m52.2m59.9m

Interest income

4.7m7.1m

Pre tax profit

38.5m47.3m89.9m429.2m131.8m173.2m

Income tax expense

1.2m9.1m18.7m373.6m28.6m37.8m

Net Income

37.3m18.5m21.5m33.1m88.0m117.7m

Planet Fitness Balance Sheet

Annual

usdY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

9.5m31.3m43.3m31.4m40.4m113.1m289.4m436.3m

Accounts Receivable

7.9m37.3m39.0m42.3m

Prepaid Expenses

3.9m4.9m8.0m

Inventories

4.6m1.8m2.7m5.1m877.0k

Current Assets

72.9m91.2m177.0m388.5m540.1m

PP&E

56.1m61.2m83.3m114.4m145.5m

Goodwill

177.0m177.0m177.0m199.5m227.8m

Total Assets

699.2m1.0b1.1b1.4b1.7b

Accounts Payable

24.0m28.5m28.6m30.4m21.3m

Short-term debt

7.2m12.0m17.5m

Current Liabilities

66.3m83.3m112.0m131.4m145.5m

Long-term debt

696.6m1.2b1.8b

Non-Current Liabilities

634.0m1.1b1.1b1.6b2.3b

Total Debt

7.2m12.0m1.9b

Total Liabilities

700.3m1.2b

Additional Paid-in Capital

352.0k34.5m12.1m19.7m29.8m

Retained Earnings

(14.0m)(164.1m)(131.0m)(394.4m)(736.6m)

Total Equity

(214.8m)(136.9m)(382.8m)(707.8m)

Debt to Equity Ratio

-0.1 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

-4.7 x-8 x-3.5 x-2.4 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

28.5m38.3m55.7m66.0m60.2m78.5m93.3m127.1m147.8m572.7m336.0m330.6m219.8m547.5m

Accounts Receivable

9.9m10.4m11.6m14.4m15.0m15.7m16.4m18.6m14.9m26.1m18.9m26.6m29.4m21.1m

Prepaid Expenses

8.9m12.3m17.6m19.4m7.9m7.3m8.6m4.1m3.8m3.8m7.3m10.1m8.6m7.3m

Inventories

2.8m1.5m893.0k759.0k1.3m1.4m550.0k4.1m3.2m6.1m3.4m2.5m2.6m2.8m

Current Assets

59.8m68.8m88.4m103.1m99.6m117.4m135.6m181.5m200.7m665.5m417.4m424.1m306.3m664.5m

PP&E

54.3m54.3m54.9m56.6m61.1m67.6m72.4m84.5m87.6m97.2m114.7m118.5m131.5m145.1m

Goodwill

177.0m177.0m177.0m177.0m177.0m177.0m177.0m191.0m191.0m199.5m199.5m206.8m206.8m227.8m

Total Assets

1.0k701.1m685.7m779.4m852.3m1.2b1.4b1.4b1.1b1.1b1.6b1.5b1.5b1.4b1.9b

Accounts Payable

14.7m10.1m12.0m14.4m13.3m18.5m12.8m15.7m16.3m23.4m23.1m16.3m23.0m37.6m

Short-term debt

5.2m5.1m5.1m5.1m7.2m7.2m7.2m7.2m7.2m12.0m12.0m12.0m12.0m17.5m

Current Liabilities

61.0m51.9m63.0m66.3m71.5m90.8m86.5m104.4m96.4m125.0m134.5m125.4m135.9m180.2m

Long-term debt

498.5m478.9m478.0m477.1m700.7m699.2m697.9m695.3m694.0m1.2b1.3b1.3b1.3b1.9b

Non-Current Liabilities

654.3m626.5m697.8m757.3m1.3b1.4b1.4b1.1b1.1b1.6b1.7b1.7b1.7b2.4b

Total Debt

5.1m5.1m5.1m5.1m7.2m7.2m7.2m7.2m7.2m12.0m12.0m1.3b1.3b1.9b

Common Stock

1.0k

Additional Paid-in Capital

122.0k577.0k8.0m14.8m23.1m10.6m11.7m13.0m14.7m17.2m22.6m24.5m27.2m36.5m

Retained Earnings

(17.4m)(11.8m)(7.7m)(4.2m)(155.3m)(142.9m)(127.5m)(120.2m)(94.3m)(119.0m)(368.7m)(333.9m)(466.0m)(727.9m)

Total Equity

1.0k701.1m7.3m18.6m28.7m(188.0m)(156.8m)(139.6m)(122.4m)(91.2m)(110.1m)(354.0m)(314.4m)(442.1m)(692.2m)

Debt to Equity Ratio

0 x0.7 x0.3 x0.2 x0 x0 x-0.1 x-0.1 x-0.1 x-0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x0 x

Financial Leverage

1 x1 x94.4 x41.9 x29.7 x-6.2 x-8.6 x-9.8 x-9.1 x-12.3 x-14.7 x-4.3 x-4.8 x-3.2 x-2.7 x

Planet Fitness Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

38.1m71.2m55.6m103.2m135.4m

Depreciation and Amortization

32.2m31.5m31.8m35.3m44.3m

Accounts Receivable

(414.0k)(7.8m)(10.5m)(1.9m)(895.0k)

Inventories

(1.5m)2.8m(890.0k)(2.4m)4.2m

Accounts Payable

263.0k7.4m4.2m14.5m(6.3m)

Cash From Operating Activities

81.7m108.8m131.0m184.4m204.3m

Purchases of PP&E

(19.5m)(15.4m)(37.7m)(40.9m)(57.9m)

Cash From Investing Activities

(19.2m)(14.7m)(37.0m)(86.4m)(110.7m)

Long-term Borrowings

(14.8m)(5.6m)(7.2m)(712.5m)(12.1m)

Dividends Paid

(2.0m)(243.0k)

Cash From Financing Activities

(74.2m)(85.2m)(21.7m)109.9m64.3m

Net Change in Cash

72.7m207.1m158.7m

Interest Paid

23.2m24.3m31.4m38.6m53.7m

Income Taxes Paid

115.0k(6.0m)3.7m5.0m10.0m

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

20.2m20.9m16.3m34.4m49.3m17.9m35.9m54.8m23.5m53.9m74.4m31.6m71.5m101.2m10.4m

Depreciation and Amortization

16.2m24.2m7.7m15.4m23.1m8.0m15.8m24.0m8.5m17.1m25.9m9.9m20.5m32.3m12.8m

Accounts Receivable

7.4m8.8m8.9m7.8m4.9m11.9m11.5m11.1m18.6m22.3m10.9m20.0m12.5m12.8m21.4m

Inventories

2.2m237.0k3.1m3.7m3.8m471.0k355.0k1.3m(1.4m)(501.0k)(3.4m)1.7m2.6m2.5m(1.9m)

Accounts Payable

(13.2m)(11.7m)(16.2m)(13.9m)(10.2m)(21.2m)(14.1m)(17.0m)(16.8m)(16.9m)2.4m(14.6m)(20.8m)(12.9m)6.4m

Cash From Operating Activities

36.6m56.6m15.3m50.1m75.7m30.5m63.0m93.0m48.1m78.5m143.9m57.9m82.5m152.7m73.1m

Purchases of PP&E

(8.5m)(13.8m)(865.0k)(4.5m)(9.3m)(5.3m)(14.1m)(23.2m)(2.0m)(8.1m)(18.6m)(7.5m)(18.9m)(37.1m)(9.1m)

Cash From Investing Activities

(8.5m)(13.8m)(845.0k)(4.3m)(8.9m)(5.3m)(14.1m)(23.1m)(30.5m)(36.5m)(64.2m)(7.4m)(33.7m)(52.2m)(9.0m)

Long-term Borrowings

(2.2m)(3.9m)(1.3m)(2.6m)(3.9m)(1.8m)(3.6m)(5.4m)(1.8m)(3.6m)(709.5m)(3.0m)(6.0m)(9.1m)(4.4m)

Dividends Paid

(20.0k)(139.0k)(1.3m)(20.0k)(138.0k)(881.0k)(20.0k)(138.0k)(229.0k)(57.0k)

Cash From Financing Activities

(39.3m)(57.5m)(7.7m)(21.6m)(32.4m)(5.3m)(10.9m)(17.5m)(3.3m)(6.9m)416.1m(4.3m)(8.4m)(170.8m)69.4m

Net Change in Cash

(14.8m)6.8m24.2m34.5m19.8m38.1m52.9m14.1m34.7m495.6m46.5m41.0m(69.9m)131.9m

Interest Paid

10.8m17.1m5.8m11.5m17.2m7.9m15.9m23.6m8.1m16.8m20.0m13.5m26.9m40.3m18.8m

Income Taxes Paid

1.1m4.3m6.0m8.1m1.6m2.9m3.8m106.0k2.9m3.8m1.5m6.5m9.1m2.1m

Planet Fitness Operating Metrics

FY, 2015FY, 2016

Members

7.30 m8.90 m

Stores

1.12 k1.31 k

Planet Fitness Employee Rating

3.31593 votes
Culture & Values
3.3
Work/Life Balance
3.3
Senior Management
2.8
Salary & Benefits
2.5
Career Opportunities
2.8
Source