Planet fitness, inc. (PLNT)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Jan'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14
Assets
Current assets:
Cash and cash equivalents

547,494

436,256

219,752

330,550

335,961

289,431

572,731

147,784

127,146

113,080

113,080

93,267

78,521

60,236

40,393

65,954

55,664

38,268

31,430

28,461

-

-

43,291

Restricted cash

63,226

42,539

30,499

30,576

30,645

30,708

35,915

73

78

-

0

3,014

859

2,502

3,074

2,455

1,656

5,300

1,962

5,018

-

-

-

Accounts receivable, net of allowance for bad debts of $79 and $111 at March 31, 2020 and December 31, 2019, respectively

21,082

42,268

29,398

26,566

18,919

38,960

26,145

14,932

18,620

37,272

37,272

16,358

15,721

14,988

26,873

14,435

11,575

10,446

19,079

9,890

-

-

19,275

Due from Related Parties, Current

-

-

-

-

-

-

0

0

3,060

3,020

3,020

2,984

2,925

2,914

2,864

97

973

1,005

4,940

4,708

-

-

1,141

Inventory

2,820

877

2,612

2,513

3,445

5,122

6,142

3,193

4,056

2,692

2,692

550

1,447

1,331

1,802

759

893

1,476

4,557

2,775

-

-

3,012

Restricted assets – national advertising fund

10,363

0

657

5,208

6,530

-

3,418

1,648

4,596

499

499

-

-

-

-

-

-

-

-

-

-

-

-

Notes Receivable, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,290

Prepaid expenses

7,263

8,025

8,649

10,068

7,254

4,947

3,813

3,796

4,051

3,929

3,929

-

-

-

3,591

-

-

-

5,152

-

-

-

4,355

Other receivables

9,969

9,226

9,232

12,866

9,805

12,548

10,993

23,343

14,550

9,562

9,562

10,768

10,550

9,715

7,935

-

-

-

5,825

-

-

-

-

Income tax receivable

-

-

-

-

-

6,824

-

-

-

-

6,947

-

-

-

4,693

-

-

-

-

-

-

-

-

Other current assets

2,253

947

5,471

5,776

4,877

-

6,318

5,916

5,355

6,947

-

8,623

7,330

7,905

-

19,420

17,626

12,318

-

8,949

-

-

2,954

Total current assets

664,470

540,138

306,270

424,123

417,436

388,540

665,475

200,685

181,512

177,001

177,001

135,564

117,353

99,591

91,225

103,120

88,387

68,813

72,945

59,801

-

-

75,318

Property and equipment, net of accumulated depreciation of $81,585 and $73,621 at March 31, 2020 and December 31, 2019, respectively

145,114

145,481

131,454

118,517

114,676

114,367

97,240

87,570

84,545

83,327

83,327

72,426

67,564

61,104

61,238

56,577

54,931

54,302

56,139

54,335

-

-

49,579

Right-of-use assets, net

150,284

155,633

127,746

115,390

115,745

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

229,709

233,921

227,575

231,425

228,663

234,330

237,896

237,092

241,105

235,657

235,657

239,741

244,437

249,148

253,862

258,799

263,739

268,679

273,619

278,986

-

-

295,162

Goodwill

227,821

227,821

206,752

206,752

199,513

199,513

199,513

191,038

191,038

176,981

176,981

176,981

176,981

176,981

176,981

176,981

176,981

176,981

176,981

176,981

-

-

176,981

Deferred income taxes

456,322

412,293

418,745

425,647

431,947

414,841

416,707

406,699

409,216

411,067

407,782

731,131

737,953

561,342

410,407

255,729

194,240

115,523

117,358

120,792

-

-

260

Notes receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,007

Other assets, net

1,916

1,903

1,690

1,613

1,612

1,825

4,608

1,637

8,437

11,717

11,717

10,177

10,353

8,186

7,729

1,132

1,133

1,368

2,135

10,248

-

-

2,675

Assets

1,875,636

1,717,190

1,420,232

1,523,467

1,509,592

1,353,416

1,621,439

1,124,721

1,115,853

1,095,750

1,092,465

1,366,020

1,354,641

1,156,352

1,001,442

852,338

779,411

685,666

699,177

701,143

1

1

601,982

Liabilities and stockholders’ deficit
Current liabilities:
Current maturities of long-term debt

17,500

17,500

12,000

12,000

12,000

12,000

12,000

7,185

7,185

7,185

7,185

7,185

7,185

7,185

7,185

5,100

5,100

5,100

5,100

5,100

-

-

3,900

Accounts payable

37,640

21,267

23,037

16,277

23,060

30,428

23,400

16,268

15,664

28,648

28,648

12,826

18,532

13,278

28,507

14,415

11,992

10,090

23,950

14,695

-

-

26,738

Accrued expenses

21,063

31,623

25,737

22,558

23,679

32,384

26,764

14,715

14,787

18,590

18,590

13,357

12,215

10,263

19,190

10,207

9,100

9,853

13,667

8,358

-

-

8,494

Equipment deposits

5,394

3,008

8,566

7,376

12,502

7,908

11,449

9,001

14,283

6,498

6,498

8,121

7,560

10,739

2,170

3,978

4,519

5,253

5,587

7,498

-

-

6,675

Due to related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,966

3,966

-

-

-

-

-

-

Current maturities of obligations under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

-

-

-

Restricted liabilities – national advertising fund

-

-

657

112

30

-

3,418

73

78

490

490

3,008

-

-

134

2,455

-

-

-

5,018

-

-

-

Deferred revenue, current

53,593

27,596

24,638

27,076

25,920

23,488

21,959

23,186

20,842

18,319

19,083

17,124

20,271

18,226

17,780

17,084

20,619

15,477

14,717

12,362

-

-

14,549

Payable pursuant to tax benefit arrangements, current

26,468

26,468

25,506

25,506

24,765

24,765

25,578

25,578

31,062

31,062

31,062

24,487

24,487

11,283

8,072

8,916

7,389

5,870

3,019

3,022

-

-

-

Taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,203

-

-

-

Other current liabilities

18,506

18,016

15,780

14,519

12,519

430

456

436

493

474

474

438

565

536

235

222

313

253

212

682

-

-

529

Total current liabilities

180,164

145,478

135,921

125,424

134,475

131,403

125,024

96,442

104,394

111,266

112,030

86,546

90,815

71,510

83,273

66,343

62,998

51,896

66,252

61,008

-

-

60,885

Long-term debt, net of current maturities

1,684,727

1,687,505

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under Variable Funding Notes

75,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt, Excluding Current Maturities

-

-

1,155,049

1,156,792

1,158,483

1,160,127

1,161,712

693,957

695,264

696,576

696,576

697,876

699,175

700,672

702,003

477,067

477,969

478,875

479,779

498,450

-

-

375,881

Obligations under capital leases, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

-

Deferred rent, net of current portion

-

-

-

-

0

10,083

10,297

7,700

6,907

6,127

6,127

5,289

5,166

5,213

5,108

4,878

4,799

4,665

4,554

4,373

-

-

3,012

Lease liabilities, net of current portion

148,006

152,920

127,646

113,748

114,470

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, net of current portion

34,193

34,458

31,532

29,648

27,652

26,374

25,916

23,255

22,942

21,681

8,440

8,180

7,746

8,445

8,351

8,472

8,456

10,277

12,016

12,033

-

-

9,330

Deferred tax liabilities

1,139

1,116

2,067

1,874

1,798

2,303

1,730

1,389

1,379

1,629

1,629

751

1,142

1,052

1,238

1,275

1,167

-

-

-

-

-

606

Payable pursuant to tax benefit arrangements, net of current portion

442,243

400,748

407,884

408,099

424,725

404,468

405,577

391,876

403,022

400,298

400,298

702,906

702,566

552,213

410,999

265,156

204,947

132,208

137,172

138,989

-

-

-

Other liabilities

2,333

2,719

2,250

2,254

2,031

1,447

1,331

1,350

4,379

4,302

4,302

4,111

4,786

5,271

5,225

489

484

484

484

483

-

-

519

Total noncurrent liabilities

2,387,641

2,279,466

1,726,428

1,712,415

1,729,159

1,604,802

1,606,563

1,119,527

1,133,893

1,130,613

1,117,372

1,419,113

1,420,581

1,272,866

1,132,924

757,337

697,822

626,509

634,005

654,337

-

-

389,348

Commitments and contingencies (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

Stockholders’ equity (deficit):
Members equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146,156

Accumulated other comprehensive (loss) income

-306

303

189

251

148

94

256

-385

-370

-648

-648

-1,013

-1,332

-1,274

-1,174

-1,123

-1,067

-2,387

-1,710

-1,888

-

-

-636

Additional paid in capital

36,460

29,820

27,240

24,495

22,576

19,732

17,237

14,744

13,011

12,118

12,118

11,693

10,629

23,087

34,467

14,825

7,981

577

352

122

-

-

-

Accumulated deficit

-727,946

-736,587

-466,032

-333,870

-368,714

-394,410

-118,964

-94,348

-120,245

-140,158

-130,966

-127,513

-142,864

-155,288

-164,062

-4,248

-7,673

-11,805

-14,032

-17,376

-

-

-

Total stockholders’ deficit attributable to Planet Fitness Inc.

-691,783

-706,455

-438,594

-309,115

-345,980

-374,574

-101,461

-79,979

-107,594

-128,678

-119,486

-116,823

-133,557

-133,465

-130,759

9,464

-749

-13,605

-15,380

-19,132

1

1

145,520

Non-controlling interests

-386

-1,299

-3,523

-5,257

-8,062

-8,215

-8,687

-11,269

-14,840

-17,451

-17,451

-22,816

-23,198

-54,559

-83,996

19,194

19,340

20,866

14,300

4,930

-

-

6,229

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-692,169

-707,754

-442,117

-314,372

-354,042

-382,789

-110,148

-91,248

-122,434

-146,129

-136,937

-139,639

-156,755

-188,024

-214,755

28,658

18,591

7,261

-1,080

-14,202

-

-

151,749

Total liabilities and stockholders’ deficit

1,875,636

1,717,190

1,420,232

1,523,467

1,509,592

1,353,416

1,621,439

1,124,721

1,115,853

1,095,750

1,092,465

1,366,020

1,354,641

1,156,352

1,001,442

852,338

779,411

685,666

699,177

701,143

1

1

601,982

Class A Common Stock
Common stock, value

8

8

8

8

9

9

9

9

9

9

9

9

9

7

-

-

-

-

-

-

1

1

-

Class B Common Stock
Common stock, value

1

1

1

1

1

1

1

1

1

1

1

1

1

3

-

-

-

-

-

-

-

-

-