Tampa Bay Business Journal said:SeaWorld Entertainment Inc. reported net income of $77.4 million for 2012, a 305 percent increase from net income of $19.1 million in 2011.
SeaWorld disclosed its 2012 total profit in an amendment to its initial public offering, filed with the U.S. Securities and Exchange Commission. Previously, the company had only disclosed financial information for the first nine months of 2012.
Revenue for the full year of 2012 was $1.4 billion, a 7 percent increase from revenue of $1.3 billion in 2011. Gains in revenue from admissions, food and merchandise outpaced increases in expenses, the filing said.
SeaWorld, headquartered in Orlando and the parent company of Busch Gardens Tampa and Adventure Island, filed for an IPO in December. It has not yet disclosed how much money it plans to raise, how many shares it plans to sell or the price at which it will sell shares.
In its amended filing, dated March 25, SeaWorld added seven underwriters to the original six underwriters working on the IPO. Newly added were Blackstone Advisor Partners, Lazard Capital Markets, Macquarie Capital, KeyBanc Capital Markets, Nomura Securities, Drexel Hamilton & Associates, and Samuel A. Ramirez & Co., in addition to original underwriters Goldman Sachs, JPMorgan Securities, Citigroup Global Markets, BofA Merrill Lynch, Barclays Capital and Wells Fargo Securities.