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SEAS SeaWorld Entertainment

eaWorld Entertainment, Inc. is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world's foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for what it believes is one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld® rescue team has helped more than 36,000 animals in need over the last 55 years. SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its 55-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.

SEAS stock data

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Calendar

6 Aug 21
25 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 617.72M 617.72M 617.72M 617.72M 617.72M 617.72M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 2.14M (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 8.22M n/a n/a
Cash remaining n/a n/a n/a 609.5M n/a n/a
Runway (months of cash) n/a n/a n/a 285.1 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Oct 21 Elizabeth Gulacsy Common Stock Sell Dispose S No Yes 57.49 3,187 183.22K 91,211
3 Oct 21 Marc Swanson Common Stock Payment of exercise Dispose F No No 58.78 3,761 221.07K 211,137
3 Oct 21 Elizabeth Gulacsy Common Stock Payment of exercise Dispose F No No 58.78 2,069 121.62K 94,398
3 Oct 21 George Anthony Taylor Common Stock Payment of exercise Dispose F No No 58.78 1,317 77.41K 185,228
3 Oct 21 Christopher Dold Common Stock Payment of exercise Dispose F No No 58.78 1,317 77.41K 104,252

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

99.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 201 195 +3.1%
Opened positions 34 50 -32.0%
Closed positions 28 26 +7.7%
Increased positions 79 43 +83.7%
Reduced positions 58 76 -23.7%
13F shares
Current Prev Q Change
Total value 3.94B 6.28B -37.3%
Total shares 78.91M 79.62M -0.9%
Total puts 784.7K 342K +129.4%
Total calls 2.69M 1.33M +102.4%
Total put/call ratio 0.3 0.3 +13.4%
Largest owners
Shares Value Change
Hill Path Capital 27.21M $1.36B 0.0%
Vanguard 4.75M $237.07M +0.7%
Barrow Hanley Mewhinney & Strauss 4.55M $227.21M -34.9%
NMR Nomura 4.54M $227.29M 0.0%
BLK Blackrock 4.52M $225.8M +2.0%
Melvin Capital Management 4.25M $212.25M +136.1%
GS Goldman Sachs 2.02M $100.9M +4.2%
Dimensional Fund Advisors 1.23M $61.64M -1.2%
Hood River Capital Management 1.23M $61.22M +5.9%
Two Sigma Investments 1.16M $57.73M +5.0%
Largest transactions
Shares Bought/sold Change
Melvin Capital Management 4.25M +2.45M +136.1%
Barrow Hanley Mewhinney & Strauss 4.55M -2.44M -34.9%
FMR 3.38K -1.4M -99.8%
Scopus Asset Management 0 -950K EXIT
Russell Investments 425.29K -530.46K -55.5%
Wellington Management 662.01K +485.84K +275.8%
Candlestick Capital Management 1.14M -453.81K -28.5%
Two Sigma Advisers 903.3K +376.5K +71.5%
Point72 Asset Management 657.2K -354.15K -35.0%
Marshall Wace 347.45K +347.45K NEW

Financial report summary

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Risks
  • The COVID-19 pandemic has disrupted our business and will adversely affect our results of operations and various other factors beyond our control could materially adversely affect our financial condition and results of operations.
  • We are subject to complex federal and state regulations governing the treatment of animals, which can change, and to claims and lawsuits by activist groups before government regulators and in the courts.
  • We are subject to scrutiny by activist and other third-party groups and/or media who can pressure governmental agencies, vendors, partners, and/or regulators, bring action in the courts or create negative publicity about us.
  • Various factors beyond our control could adversely affect attendance and guest spending patterns at our theme parks.
  • Incidents or adverse publicity concerning our theme parks, the theme park industry or zoological facilities generally could harm our brands or reputation as well as negatively impact our revenues and profitability.
  • We could be adversely affected by a decline in discretionary consumer spending or consumer confidence.
  • A significant portion of our revenues are historically generated in the States of Florida, California and Virginia. Any risks affecting such markets, such as natural disasters, severe weather and travel-related disruptions or incidents, may materially adversely affect our business, financial condition and results of operations.
  • Our operating results are subject to seasonal fluctuations.
  • Because we operate in a competitive industry, our revenues, profits or market share could be harmed if we are unable to compete effectively.
  • Animals in our care are important to our theme parks, and they could be exposed to infectious diseases.
  • The high fixed cost structure of theme park operations can result in significantly lower margins if revenues decline.
  • Changes in consumer tastes and preferences for entertainment and consumer products could reduce demand for our entertainment offerings and products and adversely affect the profitability of our business.
  • Cyber security risks and the failure to maintain the integrity of internal or guest data could result in damages to our reputation, the disruption of operations and/or subject us to costs, fines or lawsuits.
  • Increased labor costs and employee health and welfare benefits may negatively impact our operations.
  • Our growth strategy may not achieve the anticipated results.
  • Adverse litigation judgments or settlements resulting from legal proceedings in which we may be involved in the normal course of our business could reduce our profits or limit our ability to operate our business.
  • Our intellectual property rights are valuable, and any inability to protect them could adversely affect our business.
  • We may be subject to claims for infringing the intellectual property rights of others, which could be costly and result in the loss of significant intellectual property rights.
  • If we lose licenses and permits required to exhibit animals and/or violate laws and regulations, our business will be adversely affected.
  • If we lose key personnel, our business may be adversely affected.
  • Unionization activities or labor disputes may disrupt our operations and affect our profitability.
  • We may not realize the benefits of developments, restructurings, acquisitions or other strategic initiatives and we may incur significant costs associated with such activities.
  • If we are unable to maintain certain commercial licenses, our business, reputation and brand could be adversely affected.
  • Our existing debt agreements contain, and future debt agreements may contain, restrictions that may limit our flexibility in operating our business.
  • Changes to, or the elimination of, LIBOR may adversely affect interest expense related to our indebtedness.
  • Failure to maintain our current credit ratings could adversely affect our cost of funds, related margins, liquidity, and access to capital markets.
  • Our leverage could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, expose us to interest rate risk to the extent of our variable rate debt and prevent us from meeting our obligations under our indebtedness.
  • Our insurance coverage may not be adequate to cover all possible losses that we could suffer, and our insurance costs may increase.
  • Our operations and our ownership of property subject us to environmental requirements, and to environmental expenditures and liabilities.
  • Delays, restrictions, or inability to obtain or maintain permits for capital investments could impair our business.
  • Financial distress experienced by our strategic partners or other counterparties could have an adverse impact on us.
  • Changes to tax laws may result in a material adverse effect on our business, cash flow, results of operations or financial condition.
  • Tariffs or other trade restrictions could adversely impact our business, financial condition and results of operations.
  • Actions of activist stockholders, and such activism could adversely impact the value of our securities.
  • The policies of the recently elected U.S. President and his administration or any changes to tax laws may result in a material adverse effect on our business, cash flow, results of operations or financial condition and may impact our ability to use our net operating loss carryforwards.
  • We cannot guarantee that our allocation of capital to various alternatives will enhance long-term stockholder value, and in some cases, our Share Repurchase Program could increase the volatility of the price of our common stock.
  • Future sales, or the perception of future sales, by us or our existing stockholders in the public market could cause the market price for our common stock to decline.
  • Our indebtedness could limit our ability to pay dividends on our common stock in the future.
  • The concentration of ownership of our capital stock limits your ability to influence corporate matters.
  • Non-U.S. holders who own or owned more than a certain ownership threshold may be subject to United States federal income tax on gains realized on the disposition of our common stock.
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are a leading theme park and entertainment company providing experiences that matter and inspiring guests to protect animals and the wild wonders of our world.  We own or license a portfolio of recognized brands, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. Over our more than 60-year history, we have developed a diversified portfolio of 12 differentiated theme parks that are grouped in key markets across the United States.  Many of our theme parks showcase our one-of-a-kind zoological collection and feature a diverse array of both thrill and family-friendly rides, educational presentations, shows and/or other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for our guests.
  • In response to the global COVID-19 pandemic and in compliance with government restrictions, we temporarily closed all of our theme parks effective March 16, 2020. Beginning in June 2020, we began the phased reopening of some of our parks with capacity limitations and/or modified/limited operations and by the end of June 2020, we had reopened seven of our 12 parks on a limited basis. See further discussion in Note 1–Description of the Business and Basis of Presentation to our unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
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H.S. junior Avg
New words: aforementioned, deductible, exact, expanded, indenture, NM, notice, outdoor, profitability, release, satisfactory, sourcing, sum, vaccinated, withheld, yield
Removed: Marc, optimize, order, scheduling