Pursuit Attractions and Hospitality, Inc. Financial Statements — PRSU

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	806	845	942	1,007	953	1,065	1,089	1,205	1,307	1,237	1,303	415	507	1,127	1,239
+ Sales & Services Revenue	806	845	942	1,007	953	1,065	1,089	1,205	1,307	1,237	1,303	415	507	1,127	1,239
- Cost of Revenue	802	830	917	968	916	1,005	1,034	1,119	1,211	1,149	1,213	532	554	1,058	1,130
+ Cost of Goods & Services	802	830	917	968	916	1,005	1,034	1,119	1,211	1,149	1,213	532	554	1,058	1,130
Gross Profit	4	15	25	38	37	60	55	86	96	88	90	-116	-47	69	109
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	6	6	8	9	7	14	10	10	12	11	11	9	12	13	14
+ Selling, General & Admin	6	6	8	9	7	14	10	10	12	11	11	9	12	13	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14
Operating Income (Loss)	-1	8	18	29	30	46	45	77	84	77	79	-125	-59	56	94
- Non-Operating (Income) Loss	132	6	5	6	3	4	7	12	-21	12	53	236	36	21	51
+ Interest Expense, Net	1	1	1	1	1	2	4	5	8	9	14	18	28	35	48
+ Interest Expense	2	2	2	1	1	2	5	6	8	10	14	18	28	35	48
- Interest Income	1	1	1	1	1	- -	1	1	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	131	5	4	5	2	3	3	7	-29	3	39	218	8	-14	3
Pretax Income	-133	3	13	23	28	41	38	65	104	65	26	-361	-95	35	43
- Income Tax Expense (Benefit)	-29	2	4	20	8	- -	10	21	46	17	3	14	-2	10	19
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-105	1	9	4	19	41	27	43	58	48	24	-375	-93	25	24
- Net Extraordinary Losses (Gains)	- -	1	1	-2	-2	-8	1	2	1	-1	3	-4	-1	3	16
+ Discontinued Operations	1	- -	- -	3	2	14	- -	-1	- -	1	- -	-2	1	- -	-1
+ Extraord. & Accounting Changes	- -	1	- -	-5	-4	-22	2	2	1	-3	3	-2	-1	3	17
Income (Loss) Incl. MI	-105	- -	9	5	21	49	26	42	57	49	21	-371	-93	22	9
- Minority Interest	-1	-1	-1	-1	- -	-3	- -	-1	- -	- -	-1	3	- -	-2	-7
Net Income, GAAP	-105	- -	9	6	22	52	27	42	58	49	22	-374	-93	23	16
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	8	8	8
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-105	- -	9	6	22	52	27	42	58	49	22	-377	-100	15	8
Basic Weighted Avg Shares	20	20	20	20	20	20	20	20	20	20	20	20	20	21	21
Basic EPS, GAAP	-5.25	0.02	0.47	0.3	1.09	2.64	1.34	2.11	2.86	2.44	1.09	-18.6	-4.92	0.75	0.39
Basic EPS from Cont Ops	-5.25	0.04	0.47	0.18	0.97	2.08	1.39	2.18	2.9	2.38	1.17	-18.5	-4.57	1.2	1.16
Diluted Weighted Avg Shares	20	20	20	20	20	20	20	20	20	20	20	20	20	21	21
Diluted EPS, GAAP	-5.25	0.02	0.46	0.29	1.06	2.6	1.33	2.09	2.83	2.41	1.09	-18.6	-4.92	0.74	0.39
Diluted EPS from Cont Ops	-5.25	0.04	0.46	0.18	0.95	2.05	1.37	2.15	2.86	2.35	1.16	-18.5	-4.57	1.18	1.15
EBITDA	27	37	47	59	58	76	80	119	139	134	138	-68	-5	108	146
EBITDA Margin (%)	3.33	4.33	4.97	5.85	6.12	7.17	7.35	9.9	10.61	10.82	10.61	-16.44	-0.96	9.59	11.75
EBITA	-1	8	18	29	30	46	45	77	84	77	79	-125	-59	56	94
EBIT	-1	8	18	29	30	46	45	77	84	77	79	-125	-59	56	94
Gross Margin (%)	0.52	1.75	2.69	3.79	3.9	5.62	5.01	7.15	7.34	7.11	6.92	-27.96	-9.25	6.12	8.76
Operating Margin (%)	-0.18	0.99	1.88	2.86	3.19	4.27	4.12	6.35	6.39	6.22	6.09	-30.06	-11.55	4.93	7.63
Profit Margin (%)	-12.99	0.05	0.98	0.59	2.26	4.92	2.44	3.51	4.42	3.97	1.69	-90.05	-18.26	2.06	1.29
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.16	0.16	0.16	0.23	2.97	1.94	0.41	0.41	0.41	0.4	0.4	0.2	0.19	0.38	0.37
Depreciation Expense	28	28	29	30	28	31	35	43	55	57	59	57	54	52	51

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	262	271	239	254	173	185	195	175	209	214	261	91	198	240	236
+ Cash, Cash Equivalents & STI	116	146	100	114	46	57	57	21	54	45	62	40	62	60	53
+ Cash & Cash Equivalents	116	146	100	114	46	57	57	21	54	45	62	40	62	60	53
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	45	47	64	63	63	80	98	108	109	120	139	18	94	123	129
+ Accounts Receivable, Net	45	47	64	63	61	78	94	105	105	109	126	18	92	122	128
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	2	2	5	4	4	11	13	- -	2	- -	1
+ Inventories	45	39	36	36	28	32	28	31	18	17	17	9	9	11	10
+ Raw Materials	23	18	18	16	15	17	14	17	18	12	12	3	2	1	1
+ Work In Process	22	20	18	19	13	16	13	15	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	5	5	6	9	9
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	56	39	39	42	36	16	13	15	29	33	42	25	34	46	44
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	348	346	379	396	389	530	496	694	711	709	1,058	762	840	851	902
+ Property, Plant & Equip, Net	155	149	174	197	190	200	189	280	306	334	604	575	645	652	703
+ Property, Plant & Equip	384	399	437	474	458	488	435	545	606	655	958	927	1,009	1,015	1,098
- Accumulated Depreciation	229	249	264	277	268	288	246	265	301	321	354	352	364	362	396
+ LT Investments & Receivables	29	31	8	10	7	3	2	2	3	3	3	3	4	3	4
+ LT Investments	29	31	8	10	7	3	2	2	3	3	3	3	4	3	4
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	164	165	198	189	192	328	304	412	402	372	450	184	191	195	195
+ Total Intangible Assets	128	129	136	140	134	237	219	328	333	313	382	171	177	180	180
+ Goodwill	125	127	134	138	130	194	185	254	271	261	288	100	112	121	124
+ Other Intangible Assets	3	2	2	3	4	43	33	74	63	51	94	71	65	59	56
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	36	36	62	49	58	91	86	85	69	60	68	13	14	15	15
Total Assets	609	617	618	651	562	715	691	870	920	923	1,319	853	1,038	1,090	1,137
+ Payables & Accruals	42	48	63	76	59	80	85	89	103	84	109	33	81	96	99
+ Accounts Payable	42	48	51	58	41	62	65	68	77	72	87	21	70	73	77
+ Accrued Taxes	- -	- -	2	3	2	6	7	9	13	6	6	3	4	12	13
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	10	15	16	12	12	12	13	6	17	8	7	10	9
+ ST Debt	4	7	2	1	11	28	35	175	153	229	28	24	25	27	26
+ ST Borrowings	4	7	2	1	11	28	35	175	153	229	5	8	13	13	8
+ ST Finance Leases	- -	- -	2	1	- -	- -	- -	- -	- -	- -	22	16	12	13	17
+ Other ST Liabilities	85	97	86	90	56	63	66	81	77	76	101	41	69	89	105
+ Deferred Revenue	- -	- -	49	50	29	33	33	43	32	33	51	19	39	44	53
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	85	97	36	40	27	30	33	39	45	43	50	23	30	45	52
Total Current Liabilities	131	151	151	167	125	171	186	346	333	390	237	98	175	211	230
+ LT Debt	8	2	1	1	1	113	93	74	57	1	418	356	540	558	550
+ LT Borrowings	8	2	1	- -	1	113	93	74	57	1	335	285	447	457	444
+ LT Finance Leases	- -	- -	1	1	1	- -	- -	- -	- -	- -	83	70	93	101	106
+ Other LT Liabilities	85	76	80	86	79	83	77	79	81	76	110	221	225	219	220
+ Accrued Liabilities	52	43	1	2	2	6	8	8	12	15	33	21	28	28	28
+ Pension Liabilities	33	33	35	38	31	33	30	29	28	27	42	43	38	31	30
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	43	46	47	44	39	43	41	34	35	156	160	161	162
Total Noncurrent Liabilities	94	78	81	87	80	196	170	154	138	76	528	576	765	777	770
Total Liabilities	225	230	232	254	205	367	355	499	470	466	765	674	940	989	1,000
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	129	133	- -	- -
+ Share Capital & APIC	643	644	637	631	628	619	614	611	612	613	612	606	604	608	606
+ Common Stock	37	37	37	37	37	37	37	37	37	37	37	37	37	37	37
+ Additional Paid in Capital	606	607	599	594	591	582	577	574	574	575	574	568	567	570	568
- Treasury Stock	267	271	264	256	250	247	239	231	226	238	232	226	221	212	196
+ Retained Earnings	-16	-19	-13	-13	-50	-36	-18	16	66	109	123	-253	-350	-334	-326
+ Other Equity	23	29	22	27	20	-1	-34	-39	-23	-48	-36	-31	-27	-47	-40
Equity Before Minority Interest	378	379	378	388	347	335	323	357	429	436	467	96	6	15	43
+ Minority/Non Controlling Interest	7	8	8	9	9	12	13	13	20	20	86	83	91	87	94
Total Equity	385	387	386	397	357	348	335	371	450	456	553	179	97	102	137
Total Liabilities & Equity	609	617	618	651	562	715	691	870	920	923	1,319	853	1,038	1,090	1,137
Shares Outstanding	21	20	20	20	20	20	20	20	20	20	20	20	21	21	21
Capital Leases - Total	- -	- -	3	2	1	- -	- -	- -	- -	- -	105	86	106	115	123
Net Debt	-104	-137	-97	-113	-34	84	71	228	155	185	278	254	398	410	400
Net Debt to Equity	-26.92	-35.37	-25.15	-28.42	-9.58	24.17	21.13	61.6	34.58	40.58	50.32	141.72	408.89	402.99	291.2
Tangible Common Equity Ratio	53.37	52.86	51.96	50.31	52	23.14	24.73	7.92	19.82	23.58	18.27	-17.66	-24.71	-8.64	-4.44
Current Ratio	2	1.79	1.58	1.52	1.38	1.08	1.05	0.51	0.63	0.55	1.1	0.93	1.13	1.13	1.03
Cash Conversion Cycle	21.58	18.41	16.44	15.75	16.53	16.27	16.82	18.04	14.53	13.23	14.19	34.64	15.33	13.49	15.97
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-105	1	10	7	22	56	27	43	58	49	24	-377	-93	25	23
+ Depreciation & Amortization	28	28	29	30	28	31	35	43	55	57	59	57	54	52	51
+ Non-Cash Items	132	13	11	30	11	-14	12	28	16	15	37	230	15	8	19
+ Stock-Based Compensation	3	4	4	7	5	3	4	8	11	5	7	3	8	10	11
+ Deferred Income Taxes	-8	1	-1	11	2	-10	- -	8	26	5	-10	15	6	2	-2
+ Asset Impairment Charge	117	- -	- -	- -	3	1	- -	- -	-29	- -	5	203	- -	1	- -
+ Other Non-Cash Adj	21	9	8	12	1	-8	8	12	8	5	35	9	2	-4	9
+ Chg in Non-Cash Work Cap	-62	1	-16	2	-55	-14	-14	-13	-17	-31	-11	10	-14	-12	12
+ (Inc) Dec in Accts Receiv	6	-3	-18	- -	1	-10	-17	-9	-2	-6	-17	106	-75	-39	-6
+ (Inc) Dec in Inventories	7	6	4	- -	8	-3	5	- -	- -	-2	- -	9	- -	-3	1
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-38	3	2	5	-15	20	-3	-3	13	-9	10	-87	48	15	1
+ Inc (Dec) in Other	-37	-6	-3	-3	-49	-21	- -	-1	-28	-14	-4	-17	14	15	15
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-6	43	35	69	6	58	60	100	112	91	108	-80	-38	73	105
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	15	- -	- -	13	1	2	1	1	1	2	22	14	- -	- -
+ Disp of Fixed Prod Assets	- -	15	- -	- -	13	1	2	1	1	1	2	22	14	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-41	-24	-1	-120	- -	-196	-2	-5	-91	- -	-8	3	1
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	29	1
+ Cash for Acq of Subs	- -	- -	-41	-24	-1	-120	- -	-196	-2	-5	-91	- -	-8	-25	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-21	-17	-22	-27	-34	-1	-30	-50	-25	-83	-76	-29	-58	-67	-76
+ Net Cash From Disc Ops	- -	- -	- -	1	2	28	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-21	-2	-62	-49	-22	-121	-29	-245	-26	-87	-166	-7	-52	-63	-75
+ Dividends Paid	-3	-3	-3	-4	-59	-38	-8	-8	-8	-8	-8	-4	-4	-8	-8
+ Net Cash From Debt	-4	-5	-7	-3	9	128	-13	121	-46	18	85	-50	116	4	-22
+ Cash From Debt	- -	- -	- -	- -	20	190	50	230	90	147	200	225	461	108	162
+ Repayments of Debt	-4	-5	-7	-3	-11	-61	-63	-109	-136	-128	-116	-275	-345	-103	-185
+ Cash (Repurchase) of Equity	-1	-7	-5	-2	-1	-12	-5	-1	- -	-17	- -	-3	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-1	-7	-5	-2	-1	-12	-5	-1	- -	-17	- -	-3	- -	- -	- -
+ Other Financing Activities	- -	1	-1	1	1	- -	1	- -	-2	-3	-3	123	-4	-2	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-9	-14	-16	-8	-50	77	-25	112	-56	-10	73	66	108	-6	-36
Effect of Foreign Exchange Rates	4	3	-2	2	-2	-3	-7	-3	2	-2	1	1	4	-4	1
Net Changes in Cash	-36	27	-44	11	-66	14	6	-33	31	-6	16	-21	18	4	-6
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	27	37	47	59	58	76	80	119	139	134	138	-68	-5	108	146
EBITDA Margin (%)	3.33	4.33	4.97	5.85	6.12	7.17	7.35	9.9	10.61	10.82	10.61	-16.44	-0.96	9.59	11.75
Net Cash Paid for Acquisitions	- -	- -	41	24	1	120	- -	196	2	5	91	- -	8	-3	-1
Free Cash Flow	-6	43	35	69	6	58	60	100	112	91	108	-80	-38	73	105
Free Cash Flow to Firm	- -	44	36	69	7	60	64	104	117	98	121	- -	- -	98	132
Free Cash Flow to Equity	-10	53	28	67	28	187	49	222	67	110	194	18	89	-62	74
Free Cash Flow per Basic Share	-0.31	2.17	1.76	3.51	0.31	2.93	3.04	5.02	5.57	4.49	5.37	-3.96	-1.85	3.57	5.02
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	0.06	97.7	3.77	11.73	0.28	1.11	2.27	2.37	1.94	1.84	4.91	0.21	0.41	3.16	6.54

Pursuit Attractions and Hospitality, Inc.

Income Statement

Balance Sheet

Cash Flow Statement