Planet Fitness, Inc. (PLNT)

Planet Fitness Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,036	1,001	878.7	534.66	363.32	638.65
Revenue Growth (YoY)	6.85%	13.95%	64.35%	47.16%	-43.11%	20.34%
Cost of Revenue	415.73	404	365.16	196.04	158.75	280.56
Gross Profit	620.75	597.31	513.54	338.62	204.57	358.09
Selling, General & Admin	159.63	159.62	146.32	110.21	68.59	78.82
Other Operating Expenses	0.31	1.37	8.11	4.76	16.58	0.03
Operating Expenses	315.78	310.41	278.45	177.76	139	123.2
Operating Income	304.97	286.9	235.09	160.86	65.57	234.89
Interest Expense	-89.48	-86.58	-88.63	-81.21	-82.12	-60.85
Interest & Investment Income	22.88	19.81	6.88	2.28	2.94	7.05
Earnings From Equity Investments	-4.07	-1.99	-0.47	-0.18	-	-
Other Non Operating Income (Expenses)	3.03	1.45	13.11	-12.5	4.9	-6.11
EBT Excluding Unusual Items	237.33	219.59	165.98	69.24	-8.71	174.99
Merger & Restructuring Charges	-0.38	-	-	-	-	-
Gain (Loss) on Sale of Investments	-3.19	-2.73	2.51	-17.46	-	-
Gain (Loss) on Sale of Assets	-	-	1.32	-	-	-
Legal Settlements	-	-6.25	-9.74	-	-5.81	-
Other Unusual Items	-4.95	-5.06	0.9	-	-	-1.81
Pretax Income	228.8	205.55	160.97	51.78	-14.52	173.18
Income Tax Expense	66.43	58.51	50.52	5.66	0.69	37.76
Earnings From Continuing Operations	162.37	147.04	110.46	46.12	-15.2	135.41
Minority Interest in Earnings	-4.95	-8.72	-11.05	-3.35	0.21	-17.72
Net Income	157.42	138.31	99.4	42.77	-14.99	117.7
Net Income to Common	157.42	138.31	99.4	42.77	-14.99	117.7
Net Income Growth	26.51%	39.15%	132.39%	-	-	33.71%
Shares Outstanding (Basic)	86	85	84	83	80	83
Shares Outstanding (Diluted)	86	85	85	84	80	84
Shares Change (YoY)	2.12%	0.76%	0.77%	4.47%	-3.97%	-4.63%
EPS (Basic)	1.83	1.63	1.18	0.51	-0.19	1.42
EPS (Diluted)	1.82	1.62	1.18	0.51	-0.19	1.41
EPS Growth	23.72%	37.29%	131.37%	-	-	41.00%
Free Cash Flow	185.68	194.27	140.15	135.22	-21.42	146.42
Free Cash Flow Per Share	2.15	2.28	1.66	1.61	-0.27	1.75
Gross Margin	59.89%	59.65%	58.44%	63.33%	56.30%	56.07%
Operating Margin	29.42%	28.65%	26.75%	30.09%	18.05%	36.78%
Profit Margin	15.19%	13.81%	11.31%	8.00%	-4.13%	18.43%
Free Cash Flow Margin	17.91%	19.40%	15.95%	25.29%	-5.90%	22.93%
EBITDA	460.8	436.32	359.11	223.66	119.4	279.48
EBITDA Margin	44.46%	43.57%	40.87%	41.83%	32.86%	43.76%
D&A For EBITDA	155.83	149.41	124.02	62.8	53.83	44.58
EBIT	304.97	286.9	235.09	160.86	65.57	234.89
EBIT Margin	29.42%	28.65%	26.75%	30.09%	18.05%	36.78%
Effective Tax Rate	29.03%	28.47%	31.38%	10.93%	-	21.81%
Revenue as Reported	1,112	1,071	936.77	587.02	406.62	688.8
Advertising Expenses	-	42.16	34.57	22.81	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.