Ryman Hospitality Properties, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: RHP · Form: 10-Q · Filed: May 2, 2024 · CIK: 1040829
Sentiment: neutral
Topics: 10-Q, Ryman Hospitality Properties, Financial Report, Balance Sheet, SEC Filing
TL;DR
<b>Ryman Hospitality Properties, Inc. (RHP) filed its Q1 2024 10-Q, detailing financial positions and balance sheet items.</b>
AI Summary
Ryman Hospitality Properties, Inc. (RHP) filed a Quarterly Report (10-Q) with the SEC on May 2, 2024. Ryman Hospitality Properties, Inc. filed a 10-Q report for the period ending March 31, 2024. The company's fiscal year ends on December 31. The filing includes data related to Senior Notes with varying interest rates and maturity dates. Balance sheet information as of March 31, 2024, and December 31, 2023, is detailed. Key financial statement components like Common Stock, Retained Earnings, and Additional Paid-In Capital are presented.
Why It Matters
For investors and stakeholders tracking Ryman Hospitality Properties, Inc., this filing contains several important signals. This filing provides stakeholders with an updated view of RHP's financial health and capital structure as of the end of the first quarter of 2024. Investors can analyze the company's debt levels, equity components, and accumulated financial adjustments to assess its financial stability and performance trends.
Risk Assessment
Risk Level: low — Ryman Hospitality Properties, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update of financial information.
Analyst Insight
Review the detailed balance sheet figures for Ryman Hospitality Properties, Inc. to understand changes in debt, equity, and accumulated financial adjustments compared to the previous quarter.
Key Numbers
- 20240331 — Period of Report (CONFORMED PERIOD OF REPORT)
- 20240502 — Filing Date (FILED AS OF DATE)
- 6798 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
- 730664379 — IRS Number (IRS NUMBER)
- 001-13079 — SEC File Number (SEC FILE NUMBER)
Key Players & Entities
- Ryman Hospitality Properties, Inc. (company) — FILER
- Gaylord Entertainment Co (company) — FORMER COMPANY
- New Gaylord Entertainment Co (company) — FORMER COMPANY
- Nashville (location) — BUSINESS ADDRESS CITY
- TN (location) — BUSINESS ADDRESS STATE
FAQ
When did Ryman Hospitality Properties, Inc. file this 10-Q?
Ryman Hospitality Properties, Inc. filed this Quarterly Report (10-Q) with the SEC on May 2, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Ryman Hospitality Properties, Inc. (RHP).
Where can I read the original 10-Q filing from Ryman Hospitality Properties, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Ryman Hospitality Properties, Inc..
What are the key takeaways from Ryman Hospitality Properties, Inc.'s 10-Q?
Ryman Hospitality Properties, Inc. filed this 10-Q on May 2, 2024. Key takeaways: Ryman Hospitality Properties, Inc. filed a 10-Q report for the period ending March 31, 2024.. The company's fiscal year ends on December 31.. The filing includes data related to Senior Notes with varying interest rates and maturity dates..
Is Ryman Hospitality Properties, Inc. a risky investment based on this filing?
Based on this 10-Q, Ryman Hospitality Properties, Inc. presents a relatively low-risk profile. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures, indicating a routine update of financial information.
What should investors do after reading Ryman Hospitality Properties, Inc.'s 10-Q?
Review the detailed balance sheet figures for Ryman Hospitality Properties, Inc. to understand changes in debt, equity, and accumulated financial adjustments compared to the previous quarter. The overall sentiment from this filing is neutral.
How does Ryman Hospitality Properties, Inc. compare to its industry peers?
Ryman Hospitality Properties, Inc. operates as a real estate investment trust (REIT) primarily focused on the hospitality industry.
Are there regulatory concerns for Ryman Hospitality Properties, Inc.?
The company is subject to SEC regulations for public companies, including the requirement to file quarterly reports (10-Q) detailing financial performance and condition.
Industry Context
Ryman Hospitality Properties, Inc. operates as a real estate investment trust (REIT) primarily focused on the hospitality industry.
Regulatory Implications
The company is subject to SEC regulations for public companies, including the requirement to file quarterly reports (10-Q) detailing financial performance and condition.
What Investors Should Do
- Analyze the company's debt structure, including the details of its Senior Notes.
- Examine the changes in equity accounts such as Common Stock, Retained Earnings, and Additional Paid-In Capital.
- Compare the balance sheet figures as of March 31, 2024, with those from December 31, 2023, to identify significant shifts.
Year-Over-Year Comparison
This is the initial 10-Q filing for the fiscal year 2024, providing the first look at the company's financial position for the quarter ending March 31, 2024.
Filing Stats: 4,496 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2024-05-02 15:04:43
Filing Documents
- rhp-20240331x10q.htm (10-Q) — 2358KB
- rhp-20240331xex22.htm (EX-22) — 11KB
- rhp-20240331xex31d1.htm (EX-31.1) — 14KB
- rhp-20240331xex31d2.htm (EX-31.2) — 12KB
- rhp-20240331xex32d1.htm (EX-32.1) — 12KB
- 0001558370-24-006512.txt ( ) — 8627KB
- rhp-20240331.xsd (EX-101.SCH) — 47KB
- rhp-20240331_cal.xml (EX-101.CAL) — 64KB
- rhp-20240331_def.xml (EX-101.DEF) — 279KB
- rhp-20240331_lab.xml (EX-101.LAB) — 420KB
- rhp-20240331_pre.xml (EX-101.PRE) — 374KB
- rhp-20240331x10q_htm.xml (XML) — 1447KB
- Financial Information
Part I - Financial Information 3
Financial Statements
Item 1. Financial Statements. 3 Condensed Consolidated Balance Sheets (Unaudited) – March 31, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - For the Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows (Unaudited) - For the Three Months Ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Equity and Noncontrolling Interest (Unaudited) - For the Three Months Ended March 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements (Unaudited) 7
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. 19
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 43
Controls and Procedures
Item 4. Controls and Procedures. 43
- Other Information
Part II - Other Information 44
Legal Proceedings
Item 1. Legal Proceedings. 44
Risk Factors
Item 1A. Risk Factors. 44
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 44
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities. 44
Mine Safety Disclosures
Item 4. Mine Safety Disclosures. 44
Other Information
Item 5. Other Information. 44
Exhibits
Item 6. Exhibits. 45
SIGNATURES
SIGNATURES 46 2 Table of Contents
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
– FINANCIAL STATEMENTS
ITEM 1. – FINANCIAL STATEMENTS. RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands) March 31, December 31, 2024 2023 ASSETS: Property and equipment, net $ 3,988,172 $ 3,955,586 Cash and cash equivalents - unrestricted 465,311 591,833 Cash and cash equivalents - restricted 81,571 108,608 Notes receivable, net 60,645 61,760 Trade receivables, net 125,613 110,029 Deferred income tax assets, net 82,145 81,624 Prepaid expenses and other assets 163,572 154,810 Intangible assets, net 122,270 124,287 Total assets $ 5,089,299 $ 5,188,537 LIABILITIES AND EQUITY: Debt and finance lease obligations $ 3,377,814 $ 3,377,028 Accounts payable and accrued liabilities 394,299 464,720 Distributions payable 67,407 67,932 Deferred management rights proceeds 165,070 165,174 Operating lease liabilities 130,180 129,122 Other liabilities 67,257 66,658 Total liabilities 4,202,027 4,270,634 Commitments and contingencies Noncontrolling interest in consolidated joint venture 353,865 345,126 Equity: Preferred stock, $ .01 par value, 100,000 shares authorized, no shares issued or outstanding — — Common stock, $ .01 par value, 400,000 shares authorized, 59,890 and 59,712 shares issued and outstanding , respectively 599 597 Additional paid-in capital 1,485,360 1,502,710 Treasury stock of 668 and 668 shares, at cost ( 20,508 ) ( 20,508 ) Distributions in excess of retained earnings ( 917,538 ) ( 894,259 ) Accumulated other comprehensive loss ( 17,979 ) ( 19,387 ) Total stockholders' equity 529,934 569,153 Noncontrolling interest in Operating Partnership 3,473 3,624 Total equity 533,407 572,777 Total liabilities and equity $ 5,089,299 $ 5,188,537 The accompanying notes are an integral part of these condensed consolidated financial statemen