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Ryman Hospitality Properties RHP Hospitality — Pre Opening Costs

Discontinued — last reported Q4 '20

Similar metrics at other companies

MGM Resorts International logo
MGMPreopening and start-up expenses
-$977K-1,049%
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MGMReportable Legal Entities — Pre Opening Costs
$60.18M+317%
Darden Restaurants logo
DRIOther Business — Pre-opening costs
$1.3M-13.3%
Wynn Resorts logo
WYNNPre Open Costs — Allocated Share Based Compensation Expense
$0-100%
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WYNNPreopening — Stock-based compensation expense
$0
Darden Restaurants logo
DRILongHorn Steakhouse — Pre-opening costs
$3M+30.4%

Other financials

Income statement

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Revenue$664.6M+13.2%
Gross profit$290.3M+11.4%
Operating income$137.8M+18.7%
Net income$70.5M+11.9%
EPS (diluted)$1.03+3.0%

Balance sheet

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Cash & equivalents$424.0M+2.5%
Total debt$4.1B+17.7%
Total equity$732.8M+37.9%
Total assets$6.2B+18.2%

Cash flow

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Operating cash flow$169.2M+72.3%
CapEx$113.7M+0.8%
Free cash flow$55.6M+483%

Valuation

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Market cap$7.9B+6.1%
Enterprise value$11.61B+11.0%
P/E31.5×+5.9×
P/S-0.1×

Profitability

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Gross margin43.9%-0.1pp
Operating margin19.2%-2.1pp
Net margin9.5%-2.7pp
FCF margin11.4%+2.0pp

Returns & leverage

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Return on equity39.7%-15.2pp
Debt / equity5.6×-1.0×

Where this comes from

Reported directly by Ryman Hospitality Properties in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The official record: Ryman Hospitality Properties’s 10-K, filed February 25, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does hospitality — pre opening costs mean?
Costs associated with preparing a new property or facility for its grand opening.
How do you interpret hospitality — pre opening costs?
High costs indicate active expansion or new project launches, which are expected to drive future revenue growth.
How does hospitality — pre opening costs compare across companies?
Standard accounting item for hospitality companies undergoing development cycles.