Company name:

SeaWorld Entertainment Inc

  • IPO SHARE PRICE:
    $27.00
  • IPO DATE:
    April 19, 2013
  • TICKER:
    SEAS
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    6240 Sea Harbor Drive Orlando Florida 32821
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

SeaWorld Entertainment Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
59.1% —

Admission revenue

40.9% —

Food merchandise and other
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Admission revenue
45,679
45,679
45,679
45,679
45,679
45,679
 765,072 798,793 802,834 255,376 255,376 368,032
Food merchandise and other
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 498,252 573,497 595,410 176,403 176,403 248,268
Total Revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $1,263,324 $1,372,290 $1,398,244 $431,779 $431,779 $616,300
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
156.0%
90.0% —

Operating expenses

34.9% —

Depreciation and amortization

22.0% —

Selling general and administrative

8.5% —

Cost of food merchandise and other revenues

0.7% —

Severance and other separation costs
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of food merchandise and other revenues
45,679
45,679
45,679
45,679
45,679
45,679
 95,914 106,604 108,953 36,712 36,712 52,628
Operating expenses
45,679
45,679
45,679
45,679
45,679
45,679
 702,111 705,954 649,657 388,473 388,473 420,352
Selling general and administrative
45,679
45,679
45,679
45,679
45,679
45,679
 228,836 229,724 261,701 94,885 94,885 89,968
Separation costs
-
45,679
45,679
45,679
-
-
 - - - - - -
Depreciation and amortization
45,679
45,679
45,679
45,679
45,679
45,679
 163,294 160,955 160,557 150,546 150,546 146,160
Goodwill impairment
-
-
-
-
45,679
45,679
 269,332 - - - - -
Severance and other separation costs
-
-
-
-
-
-
 5,200 17,386 4,176 2,826 2,826 684
Restructuring and other related costs
-
45,679
45,679
45,679
45,679
-
 - - - - - -
Restructuring and other separation costs
-
-
-
-
-
45,679
 - - - - - -
Termination of advisory agreement
45,679
45,679
45,679
-
-
-
 - - - - - -
Secondary offering costs
45,679
45,679
45,679
45,679
-
-
 - - - - - -
Total expenses
45,679
45,679
45,679
45,679
45,679
45,679
 $1,464,687 $1,220,623 $1,185,044 $673,442 $673,442 $709,792
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
56.0%
56.0% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($201,363) $151,667 $213,200 ($241,663) ($241,663) ($93,492)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.1%
0.1% —

Other expense or income

0.0% —

Loss on early repayment of debt
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
-
-
45,679
45,679
45,679
45,679
 (115) (100) 18 276 276 -
Other income
45,679
45,679
-
-
-
-
 - - - - - -
Loss on early repayment of debt
45,679
45,679
45,679
45,679
45,679
45,679
 8,143 8,150 - - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
45,679
 8,028 8,050 18 276 276 -
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
55.9%
55.9% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($193,335) $159,717 $213,218 ($241,387) ($241,387) ($93,492)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
16.3%
7.1% —

Income tax expense or benefit

23.4% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
45,679
45,679
 78,001 80,914 84,178 100,907 100,907 126,804
Income before income taxes
45,679
45,679
45,679
45,679
45,679
45,679
 (287,392) 62,703 129,004 (342,846) (342,846) (221,460)
Income tax expense or benefit TEST - ODD
45,679
45,679
45,679
45,679
45,679
45,679
 (85,006) 17,915 39,528 (30,525) (30,525) (39,316)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
72.3%
72.3% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($202,386) $44,788 $89,476 ($312,321) ($312,321) ($182,144)
Unrealized gain (loss) on derivatives
45,679
45,679
45,679
45,679
45,679
45,679
 8,618 8,454 (3,843) 1,559 1,559 -
Comprehensive income (loss)
45,679
45,679
45,679
45,679
45,679
45,679
 (193,768) 53,242 85,633 (310,762) (310,762) (182,144)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
45,678,795
45,678,795
45,678,795
45,678,795
 90,336,380 84,126,506 78,726,029 78,508,888 78,508,888 78,508,888
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($2.36) $0.52 $0.52 $1.11 $1.11 ($1.16)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($2.36) $0.52 $1.10 ($3.99) ($3.99) ($2.32)