Life Time Group Holdings Files Q3 2024 10-Q

TL;DR

Life Time Group Holdings (LTH) filed its Q3 2024 10-Q, showing performance data up to Sept 30, 2024. Check financials for latest trends.

AI Summary

Life Time Group Holdings, Inc. filed its Q3 2024 10-Q report on October 28, 2024, covering the period ending September 30, 2024. The filing details the company's financial performance and operational status for the third quarter and the year-to-date. Specific financial figures and operational metrics for the periods ending September 30, 2024, and September 30, 2023, are presented.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational performance data for Life Time Group Holdings, Inc., crucial for understanding the company's trajectory in the sports and recreation sector.

Risk Assessment

Risk Level: medium — As a publicly traded company, 10-Q filings inherently carry medium risk due to the potential for financial performance fluctuations and market reactions.

Key Numbers

• Q3 2024 — Reporting Period (Covers the third quarter of 2024, ending September 30, 2024.)
• 2024-09-30 — As of Date (The financial and operational data is reported as of this date.)
• 2024-10-28 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• Life Time Group Holdings, Inc. (company) — Filer of the 10-Q report
• 2024-09-30 (date) — End of the reporting period for the 10-Q
• 2024-10-28 (date) — Date the 10-Q was filed
• 2024-07-01 (date) — Start of the third quarter of 2024
• 2023-09-30 (date) — End of the third quarter of 2023

FAQ

Key Financial Figures

• $0.01 — ich Registered Common stock, par value $0.01 per share LTH The New York Stock Exchan

Filing Documents

• lth-20240930.htm (10-Q) — 1088KB
• exhibit311q32024.htm (EX-31.1) — 11KB
• exhibit312q32024.htm (EX-31.2) — 10KB
• exhibit321q32024.htm (EX-32.1) — 5KB
• exhibit322q32024.htm (EX-32.2) — 5KB
• 0001869198-24-000052.txt ( ) — 5308KB
• lth-20240930.xsd (EX-101.SCH) — 35KB
• lth-20240930_cal.xml (EX-101.CAL) — 73KB
• lth-20240930_def.xml (EX-101.DEF) — 159KB
• lth-20240930_lab.xml (EX-101.LAB) — 495KB
• lth-20240930_pre.xml (EX-101.PRE) — 349KB
• lth-20240930_htm.xml (XML) — 583KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION 3

Financial Statements

Item 1. Financial Statements 3

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 17

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 30

Controls and Procedures

Item 4. Controls and Procedures 31

OTHER INFORMATION

Part II. OTHER INFORMATION 31

Legal Proceedings

Item 1. Legal Proceedings 31

Risk Factors

Item 1A. Risk Factors 31

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 31

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 31

Other Information

Item 5. Other Information 31

Exhibits

Item 6. Exhibits 32

Signatures

Signatures 33 2 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS LIFE TIME GROUP HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 120,947 $ 11,161 Restricted cash and cash equivalents 16,106 18,805 Accounts receivable, net 26,230 23,903 Center operating supplies and inventories 59,237 52,803 Prepaid expenses and other current assets 41,374 57,751 Income tax receivable 5,298 10,101 Total current assets 269,192 174,524 Property and equipment, net 3,095,145 3,171,616 Goodwill 1,235,359 1,235,359 Operating lease right-of-use assets 2,335,206 2,202,601 Intangible assets, net 171,917 172,127 Other assets 72,840 75,914 Total assets $ 7,179,659 $ 7,032,141 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 70,592 $ 81,252 Construction accounts payable 61,562 108,730 Deferred revenue 48,836 49,299 Accrued expenses and other current liabilities 196,290 185,305 Current maturities of debt 12,439 73,848 Current maturities of operating lease liabilities 67,016 58,764 Total current liabilities 456,735 557,198 Long-term debt, net of current portion 1,639,752 1,859,027 Operating lease liabilities, net of current portion 2,401,711 2,268,863 Deferred income taxes, net 77,657 56,066 Other liabilities 42,004 36,875 Total liabilities 4,617,859 4,778,029 Commitments and contingencies (Note 9) Stockholders' equity: Common stock, $ 0.01 par value per share; 500,000 shares authorized; 206,613 and 196,671 shares issued and outstanding, respectively. 2,066 1,967 Additional paid-in capital 3,025,445 2,835,883 Accumulated deficit ( 457,736 ) ( 576,813 ) Accumulated other comprehensive loss ( 7,975 ) ( 6,925 ) Total stockholders' equity 2,561,800 2,254,112 Total liabilities and stockholders' equity $ 7,179,659 $ 7,032,141 See notes to unaudited condensed consolidated financial statements. 3 Table of

View Full Filing

View this 10-Q filing on SEC EDGAR