XML 21 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total net revenues $ 4,284.8 $ 3,995.7 $ 3,133.4
Costs and expenses:      
Other venue expenses 1,252.3 1,076.9 731.5
Selling, general and administrative expense 1,036.6 970.6 849.7
Research and development expense 101.6 76.4 68.0
Venue pre-opening costs 25.9 30.4 9.4
Total costs and expenses 4,047.1 3,738.9 2,928.7
Income from operations 237.7 256.8 204.7
Interest expense, net (210.2) (142.8) (115.6)
Gain on Topgolf investment 0.0 0.0 252.5
Other income 7.3 27.9 9.0
Income before income taxes 34.8 141.9 350.6
Income tax (benefit) provision (60.2) (16.0) 28.6
Net income $ 95.0 $ 157.9 $ 322.0
Earnings per common share:      
Basic (in dollars per share) $ 0.51 $ 0.85 $ 1.90
Diluted (in dollars per share) $ 0.50 $ 0.82 $ 1.82
Weighted-average common shares outstanding:      
Basic (in shares) 185.0 184.9 169.1
Diluted (in shares) 201.1 201.3 176.9
Products      
Total net revenues $ 2,540.1 $ 2,465.5 $ 2,058.7
Costs and expenses:      
Cost of products 1,443.9 1,400.6 1,136.6
Services      
Total net revenues 1,744.7 1,530.2 1,074.7
Costs and expenses:      
Cost of services, excluding depreciation and amortization $ 186.8 $ 184.0 $ 133.5