How do you interpret operating segments — payments for capital improvements?

High levels of capital improvement spending signal a commitment to asset quality, while consistently low levels may indicate deferred maintenance risks.

How does operating segments — payments for capital improvements compare across companies?

Standard metric for hospitality REITs to assess 'maintenance capex' versus 'growth capex' requirements.

Ryman Hospitality Properties RHP Operating Segments — Payments For Capital Improvements

Discontinued — last reported Q4 '17

Similar metrics at other companies

ELSOperating Segments — Payments For Capital Improvements

$46.04M+77.1%

SNAOperating Segments — Payments For Capital Improvements

$19.33M+8.4%

HOperating Segments — CapEx

$49.25M-2.5%

MGMOperating Segments — CapEx

$352.49M+8.3%

QSROperating Segments — CapEx

$8.43M-70.8%

ROperating Segments — Payments To Acquire Productive Assets

$459.35M-2.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$169.2M+72.3%

CapEx$113.7M+0.8%

Free cash flow$55.6M+483%

Valuation

See full

Market cap$7.9B+6.1%

Enterprise value$11.61B+11.0%

P/E31.5×+5.9×

P/S3×-0.1×

Profitability

See full

Gross margin43.9%-0.1pp

Operating margin19.2%-2.1pp

Net margin9.5%-2.7pp

FCF margin11.4%+2.0pp

Returns & leverage

See full

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:PaymentsForCapitalImprovements.

The official record: Ryman Hospitality Properties’s 10-K, filed February 27, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — payments for capital improvements mean?: Cash spent to upgrade or renovate existing property and equipment within a business segment.
How do you interpret operating segments — payments for capital improvements?: High levels of capital improvement spending signal a commitment to asset quality, while consistently low levels may indicate deferred maintenance risks.
How does operating segments — payments for capital improvements compare across companies?: Standard metric for hospitality REITs to assess 'maintenance capex' versus 'growth capex' requirements.