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PRKS on NYSE

United Parks & Resorts Inc.

In its 2026 annual report the company says: “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.”3 It is headquartered in Orlando, Florida.1 Its shares trade on NYSE under the symbol PRKS.1

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Last updated Oct 21, 2026.

Overview

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  • TickerPRKS on NYSE1
  • IndustryServices-Miscellaneous Amusement & Recreation1
  • HeadquartersOrlando, Florida1
  • Incorporated inDE2
  • Business address6240 Sea Harbor Drive, Orlando, Fl 328212
  • Filer categoryLarge accelerated filer2

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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 65-year history, we have developed a diversified portfolio of 13 differentiated theme parks that are grouped in key markets across the United States and in the United Arab Emirates. 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.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.0%Operating margin4
10.1%Net margin4
-3.6%Revenue growth, 20254
$162.6MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin14¢$227.7M
  • Other costs65¢$1.1B
  • Interest8¢$134.1M
  • Income tax3¢$58.2M
  • Profit10¢$168.4M

Out of $1.7B in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending57¢$217.5M
  • Share buybacks42¢$160.4M
  • Kept or used elsewhere1¢$2.2M

Out of $380.1M of cash from operations.4

Financial statements

Revenue56784$1.7B in 2025+19% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.4B$1.4B20192020: $431.8M$431.8M2020−69%2021: $1.5B$1.5B2021+248%2022: $1.7B$1.7B2022+15%2023: $1.7B$1.7B2023−0%2024: $1.7B$1.7B2024−0%2025: $1.7B$1.7B2025−4%
Operating income56784$365.4M in 2025+71% since 2019
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2019: $213.2M$213.2M20192020: -$241.7M-$241.7M20202021: $432.0M$432.0M20212022: $507.5M$507.5M2022+17%2023: $459.8M$459.8M2023−9%2024: $463.3M$463.3M2024+1%2025: $365.4M$365.4M2025−21%
Net income56784$168.4M in 2025+88% since 2019
-$400.0M-$200.0M0$200.0M$400.0M2019: $89.5M$89.5M20192020: -$312.3M-$312.3M20202021: $256.5M$256.5M20212022: $291.2M$291.2M2022+14%2023: $234.2M$234.2M2023−20%2024: $227.5M$227.5M2024−3%2025: $168.4M$168.4M2025−26%
Fiscal year2019202020212022202320242025
Revenue$1.4B5$431.8M6$1.5B7$1.7B8$1.7B4$1.7B4$1.7B4
Selling, general and admin$261.7M5$94.9M6$184.9M7$200.1M8$221.2M4$216.9M4$227.7M4
Operating expenses$1.1B7$1.2B8$1.3B4$1.3B4$1.3B4
Operating income$213.2M5-$241.7M6$432.0M7$507.5M8$459.8M4$463.3M4$365.4M4
Interest$84.2M5$100.9M6$116.6M7$117.5M8$146.7M4$167.8M4$134.1M4
Income before tax$256.3M7$390.1M8$313.1M4$291.5M4$226.5M4
Income tax$39.5M5-$30.5M6-$164.0K7$98.9M8$78.9M4$64.0M4$58.2M4
Net income$89.5M5-$312.3M6$256.5M7$291.2M8$234.2M4$227.5M4$168.4M4
Earnings per share$1.115-$3.996$3.287$4.188$3.664$3.824$3.094
Earnings per share (diluted)$1.105-$3.996$3.227$4.148$3.634$3.794$3.064
Shares (weighted, basic)78.3M shares769.6M shares864.0M shares459.5M shares454.6M shares4
Shares (weighted, diluted)79.6M shares770.3M shares864.5M shares460.0M shares455.0M shares4

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Corporate structure

United Parks & Resorts Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of United Parks & Resorts Inc.

  • Hill Path Capital LP Filed SCHEDULE 13D/A on United Parks & Resorts Inc., latest Aug 11, 2026 (13 filings since Mar 2, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on United Parks & Resorts Inc., latest Mar 27, 2026 (6 filings since Feb 10, 2022)
  • GOLDENTREE ASSET MANAGEMENT LP Filed SCHEDULE 13G/A on United Parks & Resorts Inc., latest Feb 17, 2026 (2 filings since Nov 20, 2025)
  • BlackRock Filed SCHEDULE 13G on United Parks & Resorts Inc., latest Oct 17, 2025
  • BARROW HANLEY MEWHINNEY & STRAUSS LLC Filed SCHEDULE 13G on United Parks & Resorts Inc., latest May 14, 2025 (6 filings since Feb 11, 2022)
  • Melvin Capital Management LP Filed SC 13G/A on United Parks & Resorts Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Nomura Holdings Filed SC 13G/A on United Parks & Resorts Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • United Parks & Resorts Inc. Orlando, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What United Parks & Resorts Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.1B4 Dec 31, 2025$4.0B4 Dec 31, 2024+4.5%
Accumulated depreciation$2.2B4 Dec 31, 2025$2.1B4 Dec 31, 2024+7.1%
Property and equipment, net$1.9B4 Dec 31, 2025$1.9B4 Dec 31, 2024+1.6%
Finance-lease assets$5.5M4 Dec 31, 2025$4.8M4 Dec 31, 2024+15.4%
Operating-lease assets (leased space)$125.4M4 Dec 31, 2025$129.9M4 Dec 31, 2024−3.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$99.8M4 Dec 31, 2025$115.9M4 Dec 31, 2024−13.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$66.3M4 Dec 31, 2025$66.3M4 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$51.6M4 Dec 31, 2025$45.8M4 Dec 31, 2024+12.6%

Properties, in its own words

The following table summarizes our principal properties as of December 31, 2025, which includes approximately 400 acres of land available for future development.

Location · Size · Use

The rest of Item 2

San Diego, CA · 190 acres(a) · Leased Land

Chula Vista, CA · 66 acres · Owned Theme Park(b)

Orlando, FL · 279 acres · Owned Theme Park and Corporate Headquarters

Orlando, FL · 58 acres · Owned All-inclusive Interactive Park

Orlando, FL · 81 acres · Owned Water Park

Tampa, FL · 56 acres · Owned Water Park

Tampa, FL · 306 acres · Owned Theme Park

Dade City, FL · 109 acres · Owned Breeding and Holding Facility

Langhorne, PA · 55 acres · Owned Theme Park

San Antonio, TX · 397 acres · Owned Theme Park

San Antonio, TX · 18 acres · Owned Water Park

Williamsburg, VA · 222 acres · Owned Water Park

Williamsburg, VA · 422 acres · Owned Theme Park

Williamsburg, VA · 5 acres · Owned Warehouse Space

Williamsburg, VA · 5 acres · Owned Seasonal Worker Lodging

Includes approximately 17 acres of water in Mission Bay Park, California.

Former site of Aquatica San Diego water park which was converted into Sesame Place San Diego theme park in 2022.

We believe that our properties are in good operating condition and adequately serve our current business operations.

Lease Agreement with City of San Diego

Our subsidiary, Sea World LLC (f/k/a Sea World Inc.), leases approximately 190 acres from the City of San Diego, including approximately 17 acres of water in Mission Bay Park, California (the “Premises”). The current lease term commenced on July 1, 1998 and extends for 50 years or the maximum period allowed by law. Under the lease, the Premises must be used as a marine park facility and related uses. In addition, we may not operate another marine park facility within a radius of 560 miles from the City of San Diego.

The annual rent under the lease is calculated on the basis of a specified percentage of Sea World LLC’s gross income from the Premises (the “Percentage Rent”), or the minimum yearly rent (the “Minimum Rent”), whichever is greater. Portions of the Percentage Rent are subject to adjustment every 10 years. The minimum yearly rent which was approximately $10.4 million for the each of the years ended December 31, 2025, 2024 and 2023, is adjusted every three years to an amount equal to 80% of the average accounting year rent actually paid for the three previous years. The current minimum yearly rent effective January 1, 2026 is approximately $10.7 million and is next subject to adjustment on January 1, 2029.

The Company’s gross income from the Premises was significantly impacted during the year ended December 31, 2020 due to the temporary park closures, limited reopenings, modified operations and capacity restrictions resulting from the impact of the COVID-19 pandemic and related government restrictions in San Diego. As a result, the Company deferred payment of $8.3 million of Minimum Rent for the year ended December 31, 2020 and accrued certain fees. During the fourth quarter of 2024, the Company reached a settlement with the City of San Diego and agreed to pay $8.5 million related to the Minimum Rent for the year ended December 31, 2020. The settlement amount was included in accounts payable and accrued expenses as of December 31, 2024 and was subsequently funded in the first quarter of 2025.

See further discussion in Note 13–Leases to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.

Item 2 of the 10-K filed Mar 3, 2026.3

Leadership

Who has led United Parks & Resorts Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alessandro David F. D.2015
  2. Gustavo Antorcha2019
  3. Sergio Rivera2019–2020
  4. Swanson Marc2021–now

President

  1. Kyle Robert Miller2026–now

Chief financial officer

  1. Peter J. Crage2015–2017
  2. Swanson Marc2017–2019

Chief operating officer

  1. John T. Reilly2019
  2. Walter Bogumil2020–2021
  3. Thomas Iven2021
201520202025
Board members and other officers (49)

Former names

  • SeaWorld Entertainment, Inc.Dec 27, 2012 to Jan 29, 20242

Timeline

  1. Sep 22, 20268-K Executive or director change; Bylaws or fiscal year changed69
  2. Aug 4, 20268-K Results of operations70
  3. Jun 23, 20268-K Shareholder vote71
  4. May 11, 20268-K Results of operations72
  5. Feb 26, 20268-K Results of operations; Regulation FD disclosure73
  6. Jan 6, 20268-K Executive or director change74
  7. Dec 19, 20258-K Executive or director change75
  8. Dec 19, 20258-K Executive or director change76
  9. Nov 6, 20258-K Results of operations77
  10. Oct 28, 20258-K Executive or director change78
  11. Sep 5, 20258-K Shareholder vote; Regulation FD disclosure79
  12. Aug 19, 20258-K Executive or director change80
  13. May 11, 2021New chief executive Swanson Marc becomes CEO14
  14. Nov 12, 2019New chief executive Sergio Rivera becomes CEO16
  15. Feb 20, 2019New chief executive Gustavo Antorcha becomes CEO15
  16. Jan 20, 2015New chief executive Alessandro David F. D. becomes CEO17

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.61 a share, on Nov 6, 2025.81

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results70
  2. May 11, 2026Reported quarterly or annual results72
  3. Feb 26, 2026Reported quarterly or annual results73
  4. Nov 6, 2025Reported quarterly or annual results77
  5. Aug 7, 2025Reported quarterly or annual results82
  6. May 12, 2025Reported quarterly or annual results83
  7. Feb 26, 2025Reported quarterly or annual results84
  8. Nov 7, 2024Reported quarterly or annual results85

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

733 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 58 major events, 544 insider forms, 32 large holders, 79 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Oct 1, 20264 EDGAR
  10. Sep 24, 20264 EDGAR
  11. Sep 22, 20268-K EDGAR
  12. Sep 17, 20264 EDGAR
  13. Sep 17, 20264 EDGAR
  14. Sep 15, 2026144 EDGAR
  15. Sep 10, 20264 EDGAR
  16. Aug 11, 2026SCHEDULE 13D/A EDGAR
  17. Aug 10, 20264 EDGAR
  18. Aug 7, 202610-Q EDGAR
  19. Aug 6, 2026144 EDGAR
  20. Aug 6, 2026144 EDGAR

The 733 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

70 open-market trades by officers, directors and large owners since October 2021: 6 buys and 64 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Forrester James W JrSee RemarksSale1,150$35.71$41.1KForm 4
Aug 6, 2026Finazzo Christopher L.Chief Commercial OfficerSale6,622$44.20$292.7KForm 4
May 22, 2026Finazzo Christopher L.Chief Commercial OfficerSale8,000$36.76$294.1KForm 4
Dec 15, 2025Finazzo Christopher L.Chief Commercial OfficerSale7,200$35.12$252.9KForm 4
Jun 10, 2025Finazzo Christopher L.Chief Commercial OfficerSale9,598$43.18$414.4KForm 4
Jun 10, 2025Surrett ByronSee RemarksSale965$42.58$41.1KForm 4
Mar 10, 2025Surrett ByronSee RemarksSale7,008$48.90$342.7KForm 4
Mar 10, 2025Surrett ByronSee RemarksSale7,008$48.90$342.7KForm 4
Dec 13, 2024Finazzo Christopher L.Chief Commercial OfficerSale13,000$55.62$723.1KForm 4
Nov 18, 2024Mikolaichik JamesSee remarksBuy34,000$57.29$1.9MForm 4
Sep 5, 2024Taylor George AnthonySee RemarksSale23,837$52.94$1.3MForm 4
Sep 3, 2024Maruyama YoshikazuDirectorSale12,984$50.07$650.1KForm 4
Aug 27, 2024Maxwell JaysonSee RemarksSale545$49.44$26.9KForm 4
Jun 6, 2024Dold ChristopherChief Zoological OfficerSale32,518$51.54$1.7MForm 4
May 15, 2024Miller Kyle RobertPresidentSale1,000$54.44$54.4KForm 4
May 14, 2024Surrett ByronSee RemarksSale1,424$54.54$77.7KForm 4
May 10, 2024Maxwell JaysonSee RemarksSale500$53.92$27.0KForm 4
Apr 15, 2024Miller Kyle RobertPresidentSale1,000$53.87$53.9KForm 4
Mar 18, 2024Miller Kyle RobertPresidentSale1,000$52.50$52.5KForm 4
Mar 15, 2024Surrett ByronSee RemarksSale5,083$50.50$256.7KForm 4

All 70 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Marc G. Swanson55$450.0K$4.9M93
2025Byron Surrett$250.0K$1.6M93
2025Christopher (Chris) Finazzo44$400.0K$1.6M93
2025Kyle Miller49$250.0K$1.4M93
2025James (Jim) W. Forrester Jr.57$285.0K$910.4K93
2025James (Jim) Mikolaichik$350.0K$350.9K93
2024Chief Commercial Officer$400.0K$5.3M93
2024Former Chief Financial Officer and Treasurer$55.6K$4.7M93
2024Chief Executive Officer$450.0K$1.1M93
2024Chief Parks Operations Officer - Non-Florida Parks$250.0K$1.0M93
2024Interim Chief Financial Officer and Treasurer$285.0K$905.6K93
2024Chief Parks Operations Officer - Florida Parks$250.0K$641.1K93
2023Chief Executive Officer$450.0K$1.1M93
2023Chief Parks Operations Officer - Non-Florida Parks$245.8K$948.3K93
2023Chief Parks Operations Officer - Florida Parks$247.5K$944.5K93
2023Interim Chief Financial Officer and Treasurer$275.9K$823.6K93
2023Chief Commercial Officer$400.0K$734.1K93

SEC filer profile

How United Parks & Resorts Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUnited Parks & Resorts Inc.1
  • CIK0001564902
  • Employer ID (EIN)27-12202973
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address6240 Sea Harbor Drive, Orlando, FL 328211
  • Phone(407) 226-50111
  • Shares outstanding45,341,309 as of Jul 31, 202610
  • Public float$1.3B as of Jun 30, 20253
  • AuditorKPMG LLP, Orlando, FL PCAOB ID 185; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceDec 27, 20121
  • Filings1,653 in all: 4 (1,038), 8-K (198), 3 (69), 144 (47), 10-Q (41), SC 13G/A (27), SC 13G (25), SC 13D/A (22)1
    All 41 form types

    DEFA14A (21), UPLOAD (17), DEF 14A (15), IRANNOTICE (15), CORRESP (14), 10-K (13), SD (11), 4/A (10), S-1/A (9), ARS (6), SCHEDULE 13D/A (5), SCHEDULE 13G (5), EFFECT (4), NO ACT (4), SC 13D (4), 424B4 (3), CT ORDER (3), PRE 14A (3), S-1 (3), SCHEDULE 13G/A (3), 8-K/A (2), S-3 (2), S-3/A (2), S-8 (2), S-8 POS (2), 10-K/A (1), 3/A (1), 8-A12B (1), CERTNYS (1), NT 10-K (1), NT 10-Q (1), RW (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Sep 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per sharePRKSNew York Stock Exchange

From the cover page of the 10-K filed Mar 3, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks United Parks & Resorts Inc. names in Item 1A of its 10-K filed Mar 3, 2026: 48 risks under these headings, as written.3

  • Risks Related to Our Business and Our Industry
  • Various factors beyond our control could adversely affect attendance and guest spending patterns at our theme parks.
  • If we fail to retain and/or hire employees, our business may be adversely affected.
  • We could be adversely affected by a decline in discretionary consumer spending or consumer confidence, including any unfavorable impacts from Federal Reserve interest rate actions and inflation, which may influence discretionary spending, unemployment or the overall economy.
  • Hill Path Capital LP and its affiliates could be able to significantly influence our decisions and their interests may conflict with ours or yours in the future.
  • Increased labor costs and employee health and welfare benefit costs may negatively impact our 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, guests and/or regulators, bring action in the courts or create negative publicity about us.
  • 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.
  • 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.
  • Technology interruptions or failures that impair access to our websites or information technology systems could adversely affect our business or operations.
  • 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.
The other 37 risks
  • We are implementing a new enterprise resource planning system, and challenges with the implementation of the system may have an adverse effect on our business, financial condition and results of operations.
  • Because we operate in a competitive industry, our revenues, profits or market share could be harmed if we are unable to compete effectively.
  • Featuring animals at our theme parks involves risks.
  • 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 or we are unable to offset price increases.
  • Our operating results are subject to seasonal fluctuations.
  • 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.
  • 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 growth strategy may not achieve the anticipated results.
  • We may not be able to fund theme park capital expenditures and investment in future attractions and projects.
  • We may not realize the benefits of developments, restructurings, acquisitions or other strategic initiatives and we may incur significant costs associated with such activities.
  • Our financial condition and results of operations have been previously, and may in the future be, adversely affected by public health events.
  • Unionization activities or labor disputes may disrupt our operations and affect our profitability.
  • 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 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.
  • 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.
  • We may be unable to purchase or contract with third-party manufacturers for our theme park rides and attractions, or construction and/or supply chain delays may occur and impact attraction openings.
  • Tariffs or other trade restrictions could adversely impact our business, financial condition and results of operations.
  • 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.
  • We have previously identified and remediated a material weakness in our internal control over financial reporting. If we fail to maintain effective internal controls, we may conclude that our internal control over financial reporting is not effective, which could adversely affect our ability to report our results of operations and financial condition accurately and in a timely manner.
  • Financial distress experienced by our strategic partners or other counterparties could have an adverse impact on us.
  • Actions of activist stockholders, and such activism could adversely impact the value of our securities.
  • The policies of the 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.
  • Risks Related to Ownership of Our Common Stock
  • Our stock price may change significantly, and you may not be able to sell shares of our common stock at or above the price you paid or at all, and you could lose all or part of your investment as a result.
  • 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 make restricted payments such as share repurchases and/or pay dividends on our common stock in the future.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • 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.
  • The policies of the U.S. President and their 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.

Legal proceedings

This information is set forth under Note 14–Commitments and Contingencies to the consolidated financial statements included in Part IV, Item 15, which is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.3

Sources

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