LIFE TIME FITNESS, INC. LTM Balance Sheet

Life time fitness, inc. (LTM)

Balance Sheet / TTM

Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
14	9	9	15	12	8	19	13	13	16	8	15	10	7	12	10	11	12	33	24	6
Accounts receivable, net
12	9	10	11	12	8	9	8	8	9	9	8	5	6	6	4	7	5	5	4	4
Center operating supplies and inventories
38	35	36	36	33	32	30	30	29	27	27	25	21	21	20	20	17	17	15	15	14
Prepaid expenses and other current assets
36	25	27	28	32	25	25	28	28	26	23	25	25	22	18	18	18	13	14	17	12
Deferred membership origination costs
9	9	9	9	9	9	10	11	11	11	12	12	12	12	12	13	13	14	16	17	20
Deferred income taxes
3	6	6	4	3	6	4	2	2	8	7	5	4	9	4	3	2	3	0	0	0
Income tax receivable
0	12	0	7	0	6	-	1	-	0	0	0	3	5	0	2	0	9	-	-	0
Total current assets
115	108	99	114	103	98	100	96	93	100	89	92	83	85	75	73	70	76	86	78	58
Property and equipment, net
2,459	2,417	2,335	2,289	2,147	2,147	2,024	1,952	1,898	1,858	1,822	1,786	1,755	1,740	1,614	1,600	1,582	1,570	1,546	1,529	1,512
Restricted cash
0	0	0	0	1	0	0	0	2	2	1	1	1	1	0	0	2	2	2	1	2
Deferred membership origination costs
6	6	6	6	4	5	6	6	6	6	8	8	8	8	8	8	7	7	7	7	8
Goodwill
61	61	57	57	59	49	49	40	39	37	34	34	26	25	13	13	13	13	-	-	5
Intangible assets, net
41	42	43	35	34	29	-	-	-	25	-	-	-	-	-	-	-	-	-	-	-
Other assets
43	44	43	43	42	42	73	66	66	41	67	71	59	55	59	59	49	48	60	54	42
Total assets
2,728	2,681	2,587	2,547	2,393	2,373	2,253	2,162	2,106	2,072	2,023	1,994	1,933	1,915	1,771	1,755	1,725	1,718	1,702	1,672	1,631
LIABILITIES AND SHAREHOLDERS EQUITY
Current liabilities:
Current maturities of long-term debt
22	22	22	27	27	24	14	12	22	12	7	7	7	6	5	6	6	7	77	11	16
Current portion of financing lease obligation
1	1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
42	35	35	37	29	28	28	24	34	32	25	18	23	22	19	19	21	18	14	19	14
Construction accounts payable
34	31	40	43	39	47	51	40	34	25	17	16	24	21	23	20	22	24	22	20	9
Accrued expenses
72	70	67	67	73	67	66	64	66	63	75	74	58	56	61	56	50	50	58	54	48
Deferred revenue
47	38	36	46	45	34	33	42	41	34	35	42	40	33	32	40	36	32	33	39	36
Total current liabilities
220	200	202	221	213	204	195	183	199	168	161	160	153	140	140	142	136	133	205	145	126
Long-term debt, net of current portion
1,182	1,178	1,152	1,097	902	824	774	723	676	691	660	667	643	679	559	574	581	605	554	616	643
Financing lease obligation, net of current portion
54	54	-	-	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent liability
25	24	29	29	33	23	24	23	23	22	21	21	20	19	34	33	32	32	31	30	29
Deferred income taxes
94	97	92	94	97	97	91	91	93	95	92	94	100	100	92	88	89	89	81	76	77
Deferred revenue
6	6	6	6	5	5	6	6	6	6	8	8	8	8	8	8	7	7	7	7	8
Other liabilities
15	15	16	20	21	19	21	20	21	14	12	12	10	9	9	10	9	9	9	9	9
Total liabilities
1,598	1,576	1,500	1,470	1,272	1,229	1,112	1,049	1,021	999	957	965	935	958	845	858	857	877	889	886	894
Commitments and contingencies (Note 6)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Shareholders' equity:
Undesignated stock: 10,000,000 shares authorized; 100,000 shares of Series A Junior Participating Preferred Stock designated; none issued or outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $.02 par value, 75,000,000 shares authorized; 39,044,239 and 39,016,499 shares issued and outstanding, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
258	253	249	272	347	402	420	427	432	447	463	458	455	441	429	425	421	414	405	402	395
Retained earnings
885	860	843	808	778	746	724	690	657	628	605	573	543	517	497	470	445	424	407	383	344
Accumulated other comprehensive loss
-14	-9	-6	-5	-6	-5	-4	-5	-5	-4	-4	-4	-1	-2	-2	0	0	0	-0	-1	-2
Total shareholders equity
1,130	1,105	1,087	1,076	1,121	1,143	1,141	1,113	1,085	1,072	1,065	1,029	997	957	925	896	867	840	812	786	737
Total liabilities and shareholders' equity
2,728	2,681	2,587	2,547	2,393	2,373	2,253	2,162	2,106	2,072	2,023	1,994	1,933	1,915	1,771	1,755	1,725	1,718	1,702	1,672	1,631