Town Sports International Holdings

Town Sports International (TSI) health club company is the largest in the Northeastern United States. TSI owns and operates several health and fitness club brands including New York Sports Clubs, Boston Sports Clubs, Washington Sports Clubs & Philadelphia Sports Clubs. Since 1974, the Sports Clubs Network has grown to include more than 160 health and fitness facilities in four major metropolitan areas ”New York, Boston, Washington, D.C. and Philadelphia” with membership totaling more than 500,000. There are also three locations in Switzerland: the Forum and the Joggeli Fitness Clubs in Basel & the Luxor Club in Zurich. No matter what your fitness level, all locations offer many options for everyone, including a wide range of group exercise and fitness programs. Select facilities also offer racquet sports, pools, basketball courts & other recreational activities. All clubs are fully equipped with strength training equipment, cardiovascular machines & other exercise equipment. Additional services such as personal training, massage, steam room & sauna, Sports Clubs for Kids & fitness assessments are also available. The Company's successful growth is a result of many things, including its innovative fitness programs, well-trained staff, dedication to quality and service and continual facility improvement. But foremost, TSI's success has been earned by placing member satisfaction above all else. Our members are satisfied because they get results from their fitness programs.

Company Growth (employees)

Type

Public

New York, US

Founded

1974

Size (employees)

1,400 (est)-53%

Website

investor.mysportsclubs.com

Town Sports International Holdings was founded in 1974 and is headquartered in New York, US

Town Sports International Holdings Office Locations

Town Sports International Holdings has an office in New York

New York, US (HQ)

5 Pennsylvania Plaza

Town Sports International Holdings Data and Metrics

Town Sports International Holdings Financial Metrics

Town Sports International Holdings's revenue was reported to be $396.9 m in FY, 2016 which is a 6% decrease from the previous period.

Summary

USD

Town Sports International Holdings's current market capitalization is $122.4 m.

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	470.2 m	453.8 m	424.3 m	396.9 m
Revenue growth, %		(3%)	(7%)	(6%)
General and administrative expense				24.7 m
Operating expense total	429.6 m	453.1 m	417.2 m	403.3 m
EBIT	40.6 m	752 k	7.1 m	(6.4 m)
EBIT margin, %	9%	0%	2%	(2%)
Interest expense	22.6 m	19 m	20.6 m	13.9 m
Interest income	(1 k)			(2 k)
Net Income	12.3 m	(69 m)	21.2 m	8 m

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	73.6 m	93.5 m	76.2 m	45.6 m
Accounts Receivable	3.7 m	3.7 m	1.9 m	1.2 m
Inventories	10.9 m	12.9 m	13.2 m	238 k
Current Assets	105.6 m	122.9 m	100.1 m	58.8 m
Goodwill	32.9 m	32.6 m	1 m	1 m
Total Assets	413.8 m	409.8 m	305.4 m	235.9 m
Accounts Payable	8.1 m	2.9 m	2.6 m	2.5 m
Dividends Payable		291 k	90 k
Total Debt	314.9 m	299.9 m	269 m	196.8 m
Current Liabilities	77.8 m	70.6 m	72.1 m	65.2 m
Total Liabilities				321.5 m
Additional Paid-in Capital	(13.8 m)	(10.1 m)	(8.4 m)	(6.3 m)
Retained Earnings		(108.4 m)	(87.4 m)	(79.3 m)
Debt to Assets Ratio	0.8 x	0.7 x	0.9 x	0.8 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	12.3 m	(69 m)	21.2 m	8 m
Depreciation and Amortization	49.1 m	47.3 m	47.9 m	43.7 m
Accounts Receivable	2.9 m	25 k	1.4 m	763 k
Inventories		482 k	219 k	99 k
Cash From Operating Activities	67.4 m	4.8 m	24.9 m	21.2 m
Capital Expenditures	(30.9 m)	(42.1 m)	(30.5 m)	(19.7 m)
Cash From Investing Activities	(30.6 m)	(42.1 m)	(31.6 m)	(20 m)
Dividends Paid	(4.1 m)	(7.9 m)	(213 k)	(50 k)
Cash From Financing Activities	(975 k)	57.5 m	(10.5 m)	(31.8 m)
Free Cash Flow	98.2 m	46.8 m	55.3 m	1.5 m