$PRKS
United Parks & Resorts Inc.

2020 Q2 Form 10-Q Financial Statement

#000156459020038916 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $18.00M $406.0M
YoY Change -95.57% 3.59%
Cost Of Revenue $60.20M $198.4M
YoY Change -69.66% -10.63%
Gross Profit -$42.20M $207.6M
YoY Change -120.33% 22.19%
Gross Profit Margin -234.44% 51.13%
Selling, General & Admin $21.10M $71.20M
YoY Change -70.37% 0.28%
% of Gross Profit 34.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $38.00M $40.00M
YoY Change -5.0% 0.0%
% of Gross Profit 19.27%
Operating Expenses $59.10M $111.2M
YoY Change -46.85% 0.18%
Operating Profit -$101.3M $96.26M
YoY Change -205.23% 74.36%
Interest Expense -$21.90M -$21.80M
YoY Change 0.46% 5.83%
% of Operating Profit -22.65%
Other Income/Expense, Net $0.00 $100.0K
YoY Change -100.0%
Pretax Income -$123.1M $74.50M
YoY Change -265.23% 114.7%
Income Tax $7.900M $21.90M
% Of Pretax Income 29.4%
Net Earnings -$131.0M $52.65M
YoY Change -348.86% 131.97%
Net Earnings / Revenue -727.94% 12.97%
Basic Earnings Per Share -$1.68 $0.65
Diluted Earnings Per Share -$1.68 $0.64
COMMON SHARES
Basic Shares Outstanding 78.09M 81.52M
Diluted Shares Outstanding 78.09M 82.17M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $375.7M $43.60M
YoY Change 761.7% 30.15%
Cash & Equivalents $375.7M $43.60M
Short-Term Investments
Other Short-Term Assets $19.20M $18.20M
YoY Change 5.49% 5.2%
Inventory $35.80M $43.22M
Prepaid Expenses
Receivables $28.60M $63.28M
Other Receivables $0.00 $0.00
Total Short-Term Assets $459.3M $168.3M
YoY Change 172.87% 3.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.859B $1.722B
YoY Change 8.0% 1.3%
Goodwill $66.28M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $35.60M $14.33M
YoY Change 148.45% -76.55%
Total Long-Term Assets $2.118B $2.128B
YoY Change -0.46% 6.37%
TOTAL ASSETS
Total Short-Term Assets $459.3M $168.3M
Total Long-Term Assets $2.118B $2.128B
Total Assets $2.577B $2.296B
YoY Change 12.25% 6.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $174.5M $133.0M
YoY Change 31.2% 1.45%
Accrued Expenses $31.69M $20.81M
YoY Change 52.3% -56.56%
Deferred Revenue $133.8M $163.1M
YoY Change -17.96% 3.26%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.50M $160.5M
YoY Change -90.34% 577.22%
Total Short-Term Liabilities $366.9M $496.3M
YoY Change -26.07% 34.85%
LONG-TERM LIABILITIES
Long-Term Debt $2.007B $1.489B
YoY Change 34.79% -0.34%
Other Long-Term Liabilities $162.9M $38.76M
YoY Change 320.29% 22.1%
Total Long-Term Liabilities $2.007B $1.528B
YoY Change 31.37% 4712.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $366.9M $496.3M
Total Long-Term Liabilities $2.007B $1.528B
Total Liabilities $2.568B $2.165B
YoY Change 18.65% 14.3%
SHAREHOLDERS EQUITY
Retained Earnings -$133.3M
YoY Change -43.0%
Common Stock $670.4M
YoY Change 2.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $402.9M
YoY Change 160.15%
Treasury Stock Shares $16.26M $15.79M
Shareholders Equity $9.121M $131.5M
YoY Change
Total Liabilities & Shareholders Equity $2.577B $2.296B
YoY Change 12.25% 6.13%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$131.0M $52.65M
YoY Change -348.86% 131.97%
Depreciation, Depletion And Amortization $38.00M $40.00M
YoY Change -5.0% 0.0%
Cash From Operating Activities -$27.50M $129.7M
YoY Change -121.2% 21.78%
INVESTING ACTIVITIES
Capital Expenditures -$4.500M -$64.80M
YoY Change -93.06% 25.58%
Acquisitions
YoY Change
Other Investing Activities -$200.0K
YoY Change -60.0%
Cash From Investing Activities -$4.500M -$64.90M
YoY Change -93.07% 24.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 215.5M -72.80M
YoY Change -396.02% 20.53%
NET CHANGE
Cash From Operating Activities -27.50M 129.7M
Cash From Investing Activities -4.500M -64.90M
Cash From Financing Activities 215.5M -72.80M
Net Change In Cash 183.5M -8.000M
YoY Change -2393.75% 35.59%
FREE CASH FLOW
Cash From Operating Activities -$27.50M $129.7M
Capital Expenditures -$4.500M -$64.80M
Free Cash Flow -$23.00M $194.5M
YoY Change -111.83% 23.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
94044203
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
15790463
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3160000
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
203000
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
12406000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
210892000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-3601000
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
704000
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
855000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3198000
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2064000
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3606000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
715000
CY2019Q1 seas Adjustments To Previous Dividend Declarations
AdjustmentsToPreviousDividendDeclarations
-3000
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
9121000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
265194000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1620000
CY2019Q2 seas Adjustments To Previous Dividend Declarations
AdjustmentsToPreviousDividendDeclarations
-1000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-37020000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
226420000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4084000
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2866000
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
362000
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
150000000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
52651000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
131548000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-12913000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5463000
us-gaap Share Based Compensation
ShareBasedCompensation
-281000
us-gaap Share Based Compensation
ShareBasedCompensation
7282000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
322000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
550000
seas Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Other Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingOtherAccruedLiabilities
24624000
seas Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Other Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesExcludingOtherAccruedLiabilities
15167000
seas Increase Decrease Right Of Use Assets And Operating Lease Obligations
IncreaseDecreaseRightOfUseAssetsAndOperatingLeaseObligations
253000
seas Increase Decrease Right Of Use Assets And Operating Lease Obligations
IncreaseDecreaseRightOfUseAssetsAndOperatingLeaseObligations
263000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-363000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
167386000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
112738000
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
222335000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83216000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7753000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1089000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-719000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-398000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
458273000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-44784000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
336248000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44819000
seas Right Of Use Assets Obtained In Exchange For Financing Lease Obligations
RightOfUseAssetsObtainedInExchangeForFinancingLeaseObligations
208000
seas Right Of Use Assets Obtained In Exchange For Financing Lease Obligations
RightOfUseAssetsObtainedInExchangeForFinancingLeaseObligations
1230000
seas Other Financing Arrangements
OtherFinancingArrangements
2837000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9812000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
219000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
104000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12406000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
150000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3314000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3968000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
218000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2335000
CY2020Q2 seas Number Of Theme Parks
NumberOfThemeParks
12
seas Number Of Theme Parks Opened For Portion Of Period
NumberOfThemeParksOpenedForPortionOfPeriod
7
CY2020Q2 seas Potentially Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
PotentiallyDilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2345000
seas Potentially Dilutive Securities Excluded From Computation Of Earnings Per Share Amount
PotentiallyDilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2023000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:4pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 unaudited condensed 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 as well as reviews for potential impairment of assets, including other long-lived assets. Estimates are based on various factors including current and historical trends, as well as other pertinent 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, including but not limited to the extent, duration and impact of park closures and limited park reopenings, public sentiment on social gatherings, travel and attendance patterns, potential supply chain disruptions and additional actions which could be taken by government authorities to manage the pandemic, the Company is not certain of the ultimate impact the COVID-19 pandemic could have on its estimates, business or results of operations for the year ending December 31, 2020.</p>
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
148343000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
114416000
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
14505000
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
10000000
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
133838000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
104416000
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.68
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78093000
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.68
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-187548000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78153000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
784000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-187548000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78153000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.40
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12781000
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.064
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.062
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7673000
CY2019Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7488000
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7143000
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1189000
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
4093000
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
573000
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
65000000
us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
32100000
us-gaap Insurance Recoveries
InsuranceRecoveries
12500000
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
12500000
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
21200000
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
31690000
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2038631000
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1557883000
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
16544000
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
9759000
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15505000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
65505000
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2006582000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1482619000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
7753000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
15505000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15505000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
326505000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1445863000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
227500000
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2038631000
CY2020Q2 seas Unrealized Gain Loss On Derivatives Recognized In Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnDerivativesRecognizedInAccumulatedOtherComprehensiveIncomeLoss
-26000
CY2019Q2 seas Unrealized Gain Loss On Derivatives Recognized In Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnDerivativesRecognizedInAccumulatedOtherComprehensiveIncomeLoss
-3572000
seas Unrealized Gain Loss On Derivatives Recognized In Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnDerivativesRecognizedInAccumulatedOtherComprehensiveIncomeLoss
-370000
seas Unrealized Gain Loss On Derivatives Recognized In Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnDerivativesRecognizedInAccumulatedOtherComprehensiveIncomeLoss
-5525000
CY2020Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
1199000
CY2019Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-349000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
2501000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-1204000
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15500000
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2007000000.000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
65500000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1483000000
CY2019Q2 seas Stock Repurchased Agreement Closing Date
StockRepurchasedAgreementClosingDate
2019-05-30
CY2020Q2 seas Legal Settlement
LegalSettlement
65000000.0
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”) no later than mid-2021 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 will have 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 June 30, 2020, the Company estimates the combined remaining obligations for these commitments could be up to approximately $45.0 million over the remaining term of the agreement.
CY2020Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3320000
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4084000
us-gaap Share Based Compensation
ShareBasedCompensation
-281000
us-gaap Share Based Compensation
ShareBasedCompensation
7282000
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
94408378
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
16260248

Files In Submission

Name View Source Status
0001564590-20-038916-index-headers.html Edgar Link pending
0001564590-20-038916-index.html Edgar Link pending
0001564590-20-038916.txt Edgar Link pending
0001564590-20-038916-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
seas-10q_20200630.htm Edgar Link pending
seas-10q_20200630_htm.xml Edgar Link completed
seas-20200630.xsd Edgar Link pending
seas-20200630_cal.xml Edgar Link unprocessable
seas-20200630_def.xml Edgar Link unprocessable
seas-20200630_lab.xml Edgar Link unprocessable
seas-20200630_pre.xml Edgar Link unprocessable
seas-ex101_185.htm Edgar Link pending
seas-ex102_183.htm Edgar Link pending
seas-ex103_184.htm Edgar Link pending
seas-ex104_182.htm Edgar Link pending
seas-ex105_181.htm Edgar Link pending
seas-ex106_179.htm Edgar Link pending
seas-ex107_180.htm Edgar Link pending
seas-ex311_6.htm Edgar Link pending
seas-ex312_7.htm Edgar Link pending
seas-ex321_8.htm Edgar Link pending
seas-ex322_10.htm Edgar Link pending
Show.js Edgar Link pending