PRKS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-11

• Interest expense. Interest expense for the three months ended March 31, 2026 decreased $2.4 million, or 7.0%, to $31.7 million as compared to $34.1 million for the three months ended March 31, 2025. The decrease primarily relates to the impact of a lower average interest rate on our variable debt.

• Benefit from income taxes. Benefit from income taxes in the three months ended March 31, 2026 was $5.9 million compared to $1.1 million for the three months ended March 31, 2025. Our consolidated effective tax rate was 14.8% for the three months ended March 31, 2026 compared to 6.2% for the three mo…

• Generally, our principal sources of liquidity are cash generated from operations, funds from borrowings and existing cash on hand. Our principal uses of cash typically include the funding of working capital obligations, debt service, investments in theme parks (including capital projects), share rep…

• As market conditions warrant and subject to our contractual restrictions and liquidity position, we or our affiliates, may from time to time purchase our outstanding equity and/or debt securities, including our outstanding bank loans in privately negotiated or open market transactions, by tender off…

• The following table presents a summary of our cash flows provided by (used in) operating, investing, and financing activities for the periods indicated:

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Interest expense. Interest expense for the three months ended September 30, 2025 decreased $6.2 million, or 15.5%, to $33.5 million as compared to $39.7 million for the three months ended September 30, 2024. The decrease primarily related to the net impact of the Refinancing Transactions completed i…

• Provision for income taxes. Provision for income taxes in the three months ended September 30, 2025 was $29.0 million compared to $41.6 million for the three months ended September 30, 2024. Our consolidated effective tax rate was 24.5% for the three months ended September 30, 2025 compared to 25.8%…

• Comparison of the Nine Months Ended September 30, 2025 and 2024

• The following table presents key operating and financial information for the nine months ended September 30, 2025 and 2024:

• Operating expenses (exclusive of depreciation and amortization shown separately below)

Text added vs the prior filing · source: 10-Q · 2026-05-11

• We manage interest rate risk primarily by managing the amount, sources and duration of our debt funding. At March 31, 2026, approximately $1.5 billion of our outstanding long-term debt represents variable-rate debt. Assuming an average balance on our revolving credit borrowings of approximately $700…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• We manage interest rate risk primarily by managing the amount, sources and duration of our debt funding. At September 30, 2025, approximately $1.5 billion of our outstanding long-term debt represents variable-rate debt. Assuming an average balance on our

• revolving credit borrowings of approximately $700.0 million, a hypothetical 100 bps increase in Term SOFR would increase our annual interest expense by approximately $22.3 million. Assuming no revolving credit borrowings, a hypothetical 100 bps increase in Term SOFR would increase our annual interes…

Text added vs the prior filing · source: 10-Q · 2026-05-11

• Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), require public companies, including us, to maintain “disclosure controls and procedures,” which are defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act to mean a company’s controls and other procedur…

• In designing and evaluating our disclosure controls and procedures, management recognizes that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Ad…

• Our principal executive officer and principal financial officer have concluded, based on the evaluation of the effectiveness of the disclosure controls and procedures by our management as of the end of the fiscal quarter covered by this Quarterly Report, that our disclosure controls and procedures w…

• Regulations under the Exchange Act require public companies, including our Company, to evaluate any change in our “internal control over financial reporting” as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) of the Exchange Act. There were no changes in our internal control over financial…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), require public companies, including us, to maintain “disclosure controls and procedures,” which are defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act to mean a company’s controls and other procedur…

• Regulations under the Exchange Act require public companies, including our Company, to evaluate any change in our “internal control over financial reporting” as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) of the Exchange Act. There have been no changes in our internal control over fina…

Text added vs the prior filing · source: 10-Q · 2026-05-11

• a) Disclosure in lieu of reporting on a Current Report on Form 8-K.

• b) Material changes to the procedures by which security holders may recommend nominees to the board of directors.

• None of the Company's directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (within the meaning of Item 408 of Regulation S-K) during the Company’s fiscal quarter ended March 31, 2026.

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• On August 13, 2025, Marc Swanson, the Chief Executive Officer of the Company, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a "10b5-1 Plan"). Mr. Swanson’s 10b5-1 Plan provides for the potential sale of up to 22,948 share…