NYSE: PRKS
United Parks & Resorts Inc.CIK 0001564902 · SIC 7990 · Miscellaneous Amusement & Recreation
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United Parks elects Kyle Miller as President, separates CEO/President roles; CCO Christopher Finazzo resigns
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revenue $483.3M, net income $63.3M. United Parks Q2 revenue down 1.4% as attendance falls 2.9%; buyback accelerates
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revenue $278.3M, net income -$34.1M. Q1 revenue falls 3% on weather, attendance; operating loss widens as buybacks surge
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United Parks Q1 revenue falls 3% on weather, international headwinds; shares repurchased
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Latest financial statements
From 10-Q filed Nov 6, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Net revenues: | ||||
| Admissions | 264,607 | 268,650 | 656,191 | 680,505 |
| Food, merchandise and other | 241,848 | 243,201 | 611,878 | 608,507 |
| Total revenues | 506,455 | 511,851 | 1,268,069 | 1,289,012 |
| Costs and expenses: | ||||
| Cost of food, merchandise and other revenues | 40,887 | 39,930 | 100,599 | 100,062 |
| Operating expenses (exclusive of depreciation and amortization shown separately below) | 210,332 | 214,394 | 597,297 | 580,453 |
| Selling, general and administrative expenses | 68,598 | 60,657 | 183,257 | 169,196 |
| Severance and other separation costs | 204 | 490 | 1,012 | 898 |
| Depreciation and amortization | 45,801 | 44,702 | 136,654 | 129,371 |
| Total costs and expenses | 365,822 | 360,173 | 1,018,819 | 979,980 |
| Operating income | 140,633 | 151,678 | 249,250 | 309,032 |
| Other (income) expense, net | (486) | (179) | (703) | 14 |
| Interest expense | 32,099 | 33,515 | 96,228 | 101,573 |
| Income before income taxes | 109,020 | 118,342 | 153,725 | 207,445 |
| Provision for income taxes | 29,046 | 29,017 | 44,550 | 54,145 |
| Net income | 79,974 | 89,325 | 109,175 | 153,300 |
| Earnings per share: | ||||
| Earnings per share, basic | 1.76 | 1.62 | 2.32 | 2.79 |
| Earnings per share, diluted | 1.74 | 1.61 | 2.29 | 2.76 |
| Weighted average common shares outstanding: | ||||
| Basic | 45,389 | 55,032 | 47,159 | 55,014 |
| Diluted | 45,969 | 55,473 | 47,676 | 55,448 |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share amounts)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 26,278 | 99,762 |
| Accounts receivable, net | 80,178 | 77,287 |
| Inventories | 56,784 | 51,628 |
| Prepaid expenses and other current assets | 59,675 | 54,117 |
| Total current assets | 222,915 | 282,794 |
| Property and equipment, at cost | 4,321,808 | 4,136,832 |
| Accumulated depreciation | (2,339,659) | (2,219,562) |
| Property and equipment, net | 1,982,149 | 1,917,270 |
| Goodwill | 66,278 | 66,278 |
| Trade names/trademarks, net | 157,846 | 157,846 |
| Right of use assets-operating leases | 138,504 | 125,410 |
| Deferred tax assets, net | 13,260 | 2,478 |
| Other assets, net | 56,755 | 64,198 |
| Total assets | 2,637,707 | 2,616,274 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | 159,287 | 152,939 |
| Current maturities of long-term debt | 15,423 | 15,423 |
| Operating lease liabilities | 3,533 | 4,216 |
| Accrued salaries, wages and benefits | 18,663 | 27,046 |
| Deferred revenue | 152,447 | 143,325 |
| Other accrued liabilities | 57,591 | 41,783 |
| Total current liabilities | 406,944 | 384,732 |
| Long-term debt, net | 2,249,326 | 2,217,708 |
| Long-term operating lease liabilities | 125,444 | 110,926 |
| Deferred tax liabilities, net | 302,396 | 258,492 |
| Other liabilities | 86,602 | 80,222 |
| Total liabilities | 3,170,712 | 3,052,080 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Deficit: | ||
| Preferred stock, $0.01 par value—authorized, 100,000,000 shares, no shares issued or outstanding at September 30, 2026 and December 31, 2025 | — | — |
| Common stock, $0.01 par value—authorized, 1,000,000,000 shares; 97,530,156 and 97,330,004 shares issued at September 30, 2026 and December 31, 2025, respectively | 975 | 973 |
| Additional paid-in capital | 759,180 | 745,789 |
| Retained earnings | 915,124 | 805,949 |
| Treasury stock, at cost (52,116,919 and 46,236,087 shares at September 30, 2026 and December 31, 2025) | (2,208,284) | (1,988,517) |
| Total stockholders’ deficit | (533,005) | (435,806) |
| Total liabilities and stockholders’ deficit | 2,637,707 | 2,616,274 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net income | 109,175 | 153,300 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 136,654 | 129,371 |
| Amortization of debt issuance costs and discounts | 3,185 | 3,308 |
| Deferred income tax provision | 33,122 | 45,458 |
| Equity-based compensation | 15,397 | 12,347 |
| Other, including loss on sale or disposal of assets, net | 5,245 | 5,360 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (1,400) | (6,272) |
| Inventories | (5,152) | (6,653) |
| Prepaid expenses and other current assets | (3,888) | (18,386) |
| Accounts payable and accrued expenses | 4,976 | (13,036) |
| Accrued salaries, wages and benefits | (8,383) | (6,129) |
| Deferred revenue | 13,363 | (6,442) |
| Other accrued liabilities | 16,112 | 115 |
| Right of use assets and operating lease liabilities | 740 | 314 |
| Other assets and liabilities | 10,861 | 9,034 |
| Net cash provided by operating activities | 330,007 | 301,689 |
| Investing Activities: | ||
| Capital expenditures | (207,918) | (167,227) |
| Other investing activities, net | (1,050) | — |
| Net cash used in investing activities | (208,968) | (167,227) |
| Financing Activities: | ||
| Repayments of long-term debt | (11,568) | (11,567) |
| Proceeds from draws on revolving credit facility | 160,000 | — |
| Repayments of revolving credit facility | (120,000) | — |
| Purchase of treasury stock, including related excise tax paid | (220,280) | (16,305) |
| Payment of tax withholdings on equity-based compensation through shares withheld | (2,334) | (1,718) |
| Exercise of stock options | 330 | 1,132 |
| Other financing activities | (671) | (1,107) |
| Net cash used in financing activities | (194,523) | (29,565) |
| Change in Cash and Cash Equivalents, including Restricted Cash | (73,484) | 104,897 |
| Cash and Cash Equivalents—Beginning of period | 99,762 | 115,893 |
| Cash and Cash Equivalents, including Restricted Cash—End of period | 26,278 | 220,790 |
| Supplemental Disclosure of Noncash Investing and Financing Activities | ||
| Capital expenditures in accounts payable | 40,397 | 32,911 |
| Excise tax accrued on treasury stock repurchases | 2,111 | — |
| Right of use assets obtained in exchange for new operating lease liabilities | 16,493 | — |
| Right of use assets obtained in exchange for new financing lease liabilities | — | 25 |
| Cash paid for income taxes, net | 6,172 | 15,438 |
| Treasury stock purchases not yet settled in other accrued liabilities | — | 547 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands, except share and per share amounts); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗