Planet fitness, inc. (PLNT)
Balance Sheet / TTM
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

-

-

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

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

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

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

-

-

-

-

-

-

-

-

-