2023 Q1 Form 10-K Financial Statement

#000095017023005599 Filed on March 01, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $293.3M $390.5M $1.731B
YoY Change 8.37% 5.31% 15.13%
Cost Of Revenue $195.9M $205.6M $857.7M
YoY Change 11.33% 8.56% 18.55%
Gross Profit $97.45M $184.9M $873.5M
YoY Change 2.87% 1.92% 11.96%
Gross Profit Margin 33.22% 47.34% 50.46%
Selling, General & Admin $48.28M $44.78M $200.1M
YoY Change 4.82% -20.89% 1.01%
% of Gross Profit 49.54% 24.22% 22.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.39M $38.24M $151.5M
YoY Change -3.15% -3.31% 3.41%
% of Gross Profit 38.37% 20.68% 17.34%
Operating Expenses $48.28M $83.02M $200.1M
YoY Change -42.98% -13.66% -42.3%
Operating Profit $11.77M $101.9M $507.5M
YoY Change 17.05% 19.49% 17.08%
Interest Expense $36.40M -$34.77M $117.5M
YoY Change -243.48% 32.76% -200.74%
% of Operating Profit 309.22% -34.13% 23.15%
Other Income/Expense, Net -$46.00K -$67.00K $43.00K
YoY Change -483.33% -658.33% -129.86%
Pretax Income -$24.68M $67.04M $390.1M
YoY Change 60.95% 13.38% 52.16%
Income Tax -$8.208M $18.03M $98.88M
% Of Pretax Income 26.89% 25.35%
Net Earnings -$16.47M $49.01M $291.2M
YoY Change 83.23% -31.49% 13.52%
Net Earnings / Revenue -5.61% 12.55% 16.82%
Basic Earnings Per Share -$0.26 $4.18
Diluted Earnings Per Share -$0.26 $0.76 $4.14
COMMON SHARES
Basic Shares Outstanding 63.92M 63.89M 69.61M
Diluted Shares Outstanding 63.98M 70.28M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.76M $79.20M $79.20M
YoY Change -85.59% -82.15% -82.15%
Cash & Equivalents $54.76M $79.20M $79.20M
Short-Term Investments
Other Short-Term Assets $35.49M $20.42M $28.26M
YoY Change 42.19% 83.61% 63.7%
Inventory $59.06M $55.19M $55.19M
Prepaid Expenses
Receivables $72.50M $71.05M $71.05M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $221.8M $233.7M $233.7M
YoY Change -57.72% -58.81% -58.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.741B $1.707B $1.840B
YoY Change -2.56% 3.74% 3.33%
Goodwill $66.28M $66.28M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $25.40M $19.32M $29.30M
YoY Change -41.47% 5.79% -25.7%
Total Long-Term Assets $2.132B $2.092B $2.092B
YoY Change 3.84% 2.41% 2.41%
TOTAL ASSETS
Total Short-Term Assets $221.8M $233.7M $233.7M
Total Long-Term Assets $2.132B $2.092B $2.092B
Total Assets $2.354B $2.326B $2.326B
YoY Change -8.69% -10.9% -10.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.3M $159.9M $159.9M
YoY Change 7.99% 19.09% 19.09%
Accrued Expenses $45.84M $46.91M $58.95M
YoY Change -28.44% 2.41% -5.18%
Deferred Revenue $212.8M $169.5M
YoY Change 2.28% 9.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00M $12.00M $12.17M
YoY Change 0.0% 0.0% -2.52%
Total Short-Term Liabilities $461.0M $409.2M $409.2M
YoY Change 0.5% 10.01% 10.01%
LONG-TERM LIABILITIES
Long-Term Debt $2.098B $2.099B $2.101B
YoY Change -0.24% -0.28% -0.28%
Other Long-Term Liabilities $46.39M $43.16M $156.3M
YoY Change -71.23% 14.85% 2.69%
Total Long-Term Liabilities $2.144B $2.142B $2.258B
YoY Change 1.97% -0.01% -0.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $461.0M $409.2M $409.2M
Total Long-Term Liabilities $2.144B $2.142B $2.258B
Total Liabilities $2.809B $2.763B $2.763B
YoY Change 2.86% 4.51% 4.51%
SHAREHOLDERS EQUITY
Retained Earnings $159.4M $175.9M
YoY Change -252.58%
Common Stock $710.6M $711.1M
YoY Change -0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.325B $1.325B
YoY Change 109.92%
Treasury Stock Shares $32.38M $32.38M
Shareholders Equity -$454.7M -$437.7M -$437.7M
YoY Change
Total Liabilities & Shareholders Equity $2.354B $2.326B $2.326B
YoY Change -8.69% -10.9% -10.9%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$16.47M $49.01M $291.2M
YoY Change 83.23% -31.49% 13.52%
Depreciation, Depletion And Amortization $37.39M $38.24M $151.5M
YoY Change -3.15% -3.31% 3.41%
Cash From Operating Activities $50.30M $95.71M $564.6M
YoY Change -28.95% 10.56% 12.24%
INVESTING ACTIVITIES
Capital Expenditures $69.76M $49.98M $200.7M
YoY Change 98.68% -190.43% 55.76%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$69.76M -$49.98M -$200.7M
YoY Change 98.68% -9.57% 55.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $693.6M
YoY Change 221.5%
Debt Paid & Issued, Net $3.000M $12.00M
YoY Change 0.0% -99.41%
Cash From Financing Activities -8.097M -78.91M -726.0M
YoY Change -91.87% -44.42% 98.97%
NET CHANGE
Cash From Operating Activities 50.30M 95.71M 564.6M
Cash From Investing Activities -69.76M -49.98M -200.7M
Cash From Financing Activities -8.097M -78.91M -726.0M
Net Change In Cash -27.56M -33.17M -362.2M
YoY Change -56.85% -70.03% -4010.66%
FREE CASH FLOW
Cash From Operating Activities $50.30M $95.71M $564.6M
Capital Expenditures $69.76M $49.98M $200.7M
Free Cash Flow -$19.46M $45.74M $363.9M
YoY Change -154.54% -67.75% -2.75%

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<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions include, but are not limited to, the accounting for self-insurance, deferred tax assets and liabilities, deferred revenue, equity compensation, the valuation of goodwill and other indefinite-lived intangible assets and reviews for potential impairment of long-lived assets. Estimates are based on various factors including current and historical trends, as well as other pertinent company and industry data. The Company regularly evaluates this information to determine if it is necessary to update the basis for its estimates and to adjust for known changes. Actual results could differ from those estimates. Based on the uncertainty relating to the COVID-19 pandemic, the emergence of new variants, and the current operating environment, including but not limited to the impact or timing of government restrictions, any future capacity limitations due to social distancing guidelines, public sentiment on social gatherings, travel and attendance patterns, travel restrictions, effectiveness and adoption of vaccines, boosters and/or medications, the impact of new variants, supply chain disruptions, inflationary pressures, foreign exchange rates and/or additional actions which could be taken by government authorities to manage the pandemic or other macroeconomic issues, the Company is not certain of the ultimate impact these factors could have on its estimates, business or results of operations.</span></p>
CY2022 seas Settlement Terms For Amounts Due From Third Party Credit Card Companies
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17372000
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3284000
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
784000
CY2022Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
8608000
CY2021Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
8210000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16539000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19445000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
46914000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
45811000
CY2021Q4 seas Contractual Obligations From Temporary Covid Nineteen Park Closures Included In Other Accrued Liabilities
ContractualObligationsFromTemporaryCovidNineteenParkClosuresIncludedInOtherAccruedLiabilities
10900000
CY2022Q4 seas Contractual Obligations From Temporary Covid Nineteen Park Closures Included In Other Accrued Liabilities
ContractualObligationsFromTemporaryCovidNineteenParkClosuresIncludedInOtherAccruedLiabilities
10900000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2137500000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2149500000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
26441000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
32665000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2099059000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2104835000
CY2021Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
725000000.0
CY2021Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05250
CY2021Q3 seas Percentage Of Note Redeemed
PercentageOfNoteRedeemed
0.09500
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
12000000.0
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
12700000
CY2021 seas Debt Issuance Fees Paid Directly To Lenders
DebtIssuanceFeesPaidDirectlyToLenders
2800000
CY2021 us-gaap Debtor Reorganization Items Write Off Of Deferred Financing Costs And Debt Discounts
DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts
21500000
CY2020 seas Discount Initially Recorded
DiscountInitiallyRecorded
21900000
CY2020 seas Debt Issuance Fees Paid Directly To Lenders
DebtIssuanceFeesPaidDirectlyToLenders
13800000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
12000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
239500000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
12000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
12000000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1850000000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2137500000
CY2022Q4 seas Deferred Tax Assets Acquisition And Debt Related Costs
DeferredTaxAssetsAcquisitionAndDebtRelatedCosts
3270000
CY2021Q4 seas Deferred Tax Assets Acquisition And Debt Related Costs
DeferredTaxAssetsAcquisitionAndDebtRelatedCosts
4292000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
156176000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
199656000
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
53684000
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
53677000
CY2020 seas Unrealized Gain Loss On Derivatives Recognized In Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnDerivativesRecognizedInAccumulatedOtherComprehensiveIncomeLoss
-370000
CY2020 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
2501000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-31000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-31000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-136000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3427000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3984000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1020000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
5000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3396000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3953000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
889000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
71642000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
345000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-19718000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
23845000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4462000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-11696000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
95487000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4117000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-31414000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
98883000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-164000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-30525000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1600000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
8816000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
7220000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
2520000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
2878000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7911000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
9509000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
11847000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
10718000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Legal Settlements
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLegalSettlements
855000
CY2022Q4 seas Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
29117000
CY2021Q4 seas Deferred Tax Assets Lease Obligations
DeferredTaxAssetsLeaseObligations
29410000
CY2022Q4 seas Deferred Tax Assets Interest Limitation
DeferredTaxAssetsInterestLimitation
10120000
CY2021Q4 seas Deferred Tax Assets Interest Limitation
DeferredTaxAssetsInterestLimitation
562000
CY2022Q4 seas Deferred Tax Assets Charitable Contributions
DeferredTaxAssetsCharitableContributions
2122000
CY2021Q4 seas Deferred Tax Assets Charitable Contributions
DeferredTaxAssetsCharitableContributions
3243000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
5220000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
6115000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
290803000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
328135000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4601000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4775000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
286202000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
323360000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
245396000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
194739000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
60230000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
55827000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
35666000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
29482000
CY2022Q4 seas Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
28568000
CY2021Q4 seas Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
29004000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
637000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3116000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
370497000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
312168000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
84295000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
11192000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
65600000
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
60800000
CY2022Q4 seas Percentage Of Corporate Alternative Minimum Tax
PercentageOfCorporateAlternativeMinimumTax
0.15
CY2022Q4 seas Percentage Of Excise Tax On Stock Repurchases
PercentageOfExciseTaxOnStockRepurchases
0.01
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
81915000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
53833000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
17103000
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0438
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12070000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0471
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-15816000
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0461
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-9839000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.0252
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-8051000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.0314
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-485000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0014
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
205000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0005
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
137000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0005
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
304000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0009
CY2022 seas Income Tax Reconciliation Impact Of State Rate Changes Value
IncomeTaxReconciliationImpactOfStateRateChangesValue
4460000
CY2022 seas Effective Income Tax Rate Reconciliation Impact Of State Rate Changes Percent
EffectiveIncomeTaxRateReconciliationImpactOfStateRateChangesPercent
0.0114
CY2021 seas Income Tax Reconciliation Impact Of State Rate Changes Value
IncomeTaxReconciliationImpactOfStateRateChangesValue
-753000
CY2021 seas Effective Income Tax Rate Reconciliation Impact Of State Rate Changes Percent
EffectiveIncomeTaxRateReconciliationImpactOfStateRateChangesPercent
-0.0029
CY2020 seas Income Tax Reconciliation Impact Of State Rate Changes Value
IncomeTaxReconciliationImpactOfStateRateChangesValue
-3906000
CY2020 seas Effective Income Tax Rate Reconciliation Impact Of State Rate Changes Percent
EffectiveIncomeTaxRateReconciliationImpactOfStateRateChangesPercent
0.0114
CY2022 seas Income Tax Reconciliation Officers Compensation Limitation
IncomeTaxReconciliationOfficersCompensationLimitation
4612000
CY2022 seas Effective Income Tax Rate Reconciliation Officers Compensation Limitation
EffectiveIncomeTaxRateReconciliationOfficersCompensationLimitation
0.0118
CY2021 seas Income Tax Reconciliation Officers Compensation Limitation
IncomeTaxReconciliationOfficersCompensationLimitation
3437000
CY2021 seas Effective Income Tax Rate Reconciliation Officers Compensation Limitation
EffectiveIncomeTaxRateReconciliationOfficersCompensationLimitation
0.0134
CY2020 seas Income Tax Reconciliation Officers Compensation Limitation
IncomeTaxReconciliationOfficersCompensationLimitation
95000
CY2020 seas Effective Income Tax Rate Reconciliation Officers Compensation Limitation
EffectiveIncomeTaxRateReconciliationOfficersCompensationLimitation
-0.0003
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
837000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0022
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
254000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0010
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1488000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.0043
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
98883000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2535
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-164000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0006
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-30525000
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0890
CY2022 seas Number Of Area Not To Use Within Radius Of Land Lease
NumberOfAreaNotToUseWithinRadiusOfLandLease
560
CY2022 us-gaap Lessee Operating Lease Variable Lease Payment Terms And Conditions
LesseeOperatingLeaseVariableLeasePaymentTermsAndConditions
The required annual rent payments for the Premises is adjusted every three years to an amount equal to 80% of the average accounting year rent actually paid for the three previous years, with the annual minimum rent calculated as approximately $10.4 million through each of the years ended December 31, 2022, 2021 and 2020.
CY2022 seas Number Of Percentage Of Average Accounting Year Rent Adjusted On Minimum Yearly Rent
NumberOfPercentageOfAverageAccountingYearRentAdjustedOnMinimumYearlyRent
0.80
CY2022Q4 seas Annual Minimum Rent Calculated
AnnualMinimumRentCalculated
10400000
CY2021Q4 seas Annual Minimum Rent Calculated
AnnualMinimumRentCalculated
10400000
CY2020Q4 seas Annual Minimum Rent Calculated
AnnualMinimumRentCalculated
10400000
CY2022 seas Payment Of Percentage Rent Owed
PaymentOfPercentageRentOwed
1000000.0
CY2021 seas Payment Of Percentage Rent Owed
PaymentOfPercentageRentOwed
1600000
CY2020Q4 seas Additional Minimum Rent Deferred
AdditionalMinimumRentDeferred
8300000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
130479000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
132217000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2353000
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2824000
CY2022Q4 seas Lease Right Of Use Asset
LeaseRightOfUseAsset
132832000
CY2021Q4 seas Lease Right Of Use Asset
LeaseRightOfUseAsset
135041000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3387000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2895000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
171000
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
486000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
115396000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
117046000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2284000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
2453000
CY2022Q4 seas Lease Liability
LeaseLiability
121238000
CY2021Q4 seas Lease Liability
LeaseLiability
122880000
CY2022 us-gaap Lease Cost
LeaseCost
14066000
CY2021 us-gaap Lease Cost
LeaseCost
14555000
CY2020 us-gaap Lease Cost
LeaseCost
15411000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12833000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
242000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12226000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
208000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11823000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
201000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11857000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
200000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
10626000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
198000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
214072000
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1994000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
273437000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3043000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
154654000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
588000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
118783000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
2455000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P24Y3M7D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P25Y3M3D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P15Y29D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M23D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0816
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0815
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0307
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0337
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
12934000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
13190000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
3938000
CY2022 seas Operating Cash Flows From Financing Leases
OperatingCashFlowsFromFinancingLeases
83000
CY2021 seas Operating Cash Flows From Financing Leases
OperatingCashFlowsFromFinancingLeases
123000
CY2020 seas Operating Cash Flows From Financing Leases
OperatingCashFlowsFromFinancingLeases
176000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
485000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
841000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
806000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
32000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
938000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3174000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
143000
CY2022Q4 seas Additional Capital Payments Required For Project Completion
AdditionalCapitalPaymentsRequiredForProjectCompletion
219600000
CY2022 seas License Agreement Term Description
LicenseAgreementTermDescription
Pursuant to a license agreement (“License Agreement”) with Sesame Workshop, the Company pays a specified annual license fee, as well as a specified royalty based on revenues earned in connection with sales of licensed products, all food and beverage items utilizing the licensed elements and any events utilizing such elements if a separate fee is paid for such event. The Company’s principal commitments pursuant to the License Agreement include, among other items, the opening of a second standalone park (“Standalone Park”) (the Company opened the Standalone Park in San Diego on March 26, 2022) and minimum annual capital and marketing thresholds. After the opening of the second Standalone Park (counting the existing Sesame Place Standalone Park in Langhorne, Pennsylvania), SEA has the option to build additional Standalone Parks in the Sesame Territory within agreed upon timelines. The License Agreement has an initial term through December 31, 2031, with an automatic additional 15-year extension plus a five-year option added to the term of the License Agreement from December 31st of the year of each new Standalone Park opening. As of December 31, 2022, the Company estimates the combined remaining liabilities and obligations for the License Agreement commitments could be up to approximately $25.0 million over the remaining term of the agreement. See further discussion concerning royalty payments for the year 2021 in the Sesame Workshop Arbitration section which follows.
CY2022 seas Number Of Shares At Issue In Legal Matter
NumberOfSharesAtIssueInLegalMatter
300000
CY2020Q4 seas Legal Settlement
LegalSettlement
65000000.0
CY2019 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
32100000
CY2020 seas Legal Settlement Gain
LegalSettlementGain
12500000
CY2020 seas Legal Settlement Gain
LegalSettlementGain
12500000
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000.0
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2099000000.000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12000000.0
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2105000000
CY2022 seas Defined Contribution Plan Plan Name1
DefinedContributionPlanPlanName1
401(k)
CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
The Company makes matching cash contributions, subject to certain restrictions, structured as a 50% match on the first 4% of eligible pay contributed by the employee.
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
18158000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
39722000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
7467000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25700000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
21800000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
13600000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
12700000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4200000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
9500000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1300000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
488434
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.59
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
192078
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
55.43
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
43712
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
47.37
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2007
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
35.10
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
121081
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.01
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
513712
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
39.75
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y2M26D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
7965000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
229441
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.85
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y21D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
6598000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
33.13
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0281
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6190
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y1M13D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.50
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
32376539
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
12423497
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
693600000
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
3692794
CY2021 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
215700000
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
21800000
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
469785
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
12400000
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1324700000
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
631100000
CY2022Q4 seas Number Of Theme Parks
NumberOfThemeParks
12

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