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Life Time Fitness, Inc. (1076195) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Life Time Fitness, Inc.

CIK: 1076195

Exhibit 99.1

 

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Investor Contact: John Heller – 952-229-7427 or ir@lifetimefitness.com

Media Contact: Jason Thunstrom – 952-229-7435 or pr@lifetimefitness.com

FOR IMMEDIATE RELEASE

LIFE TIME FITNESS ANNOUNCES FOURTH QUARTER

AND FULL-YEAR 2012 FINANCIAL RESULTS

 

   

For the Quarter, Revenue Grew 9.7%, Net Income Grew 18.1% and Diluted EPS was $0.56, up 16.2%

 

   

For the Year, Revenue Grew 11.2%, Net Income Grew 20.4% and Diluted EPS was $2.66, up 17.4%

CHANHASSEN, Minn. (February 21, 2013)

– Life Time Fitness, Inc. (NYSE: LTM), The Healthy Way of Life Company, today reported its financial results for the fourth quarter and full year ended December 31, 2012.

Fourth quarter 2012 revenue grew 9.7% to $275.3 million from $250.9 million during the same period last year. Total revenue for the year grew 11.2% to $1.127 billion from $1.014 billion in 2011.

Net income for the quarter was $23.4 million, or $0.56 per diluted share, compared to net income of $19.8 million, or $0.48 per diluted share, for 4Q 2011. Net income for the year was $111.5 million, or $2.66 per diluted share, compared to net income of $92.6 million, or $2.26 per diluted share, in 2011.

“For 2012, I am pleased to report double-digit growth in revenue, operating profit, net income, and earnings per share,” said Bahram Akradi, chairman, president and chief executive officer. “We also saw total-center revenue growth above 10%, along with solid revenue-per-membership and same-store-sales. Looking ahead, we are positioning our company for top-line growth through center expansion, new membership and programming initiatives, and expanded products and services. For 2013, we plan to open one new center in the first half of the year, our first in Alabama, and two in the second half, including one in Virginia and one in New Jersey. We also have initial plans to double our center openings in 2014, led by openings in New York and California early in the year.”

 

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The following information was filed by Life Time Fitness, Inc. on Thursday, February 21, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehenseive Income
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Commitments And Contingencies
Commitments And Contingencies - Noncancelable Operating Leases (details)
Commitments And Contingencies Commitments And Contingencies (tables)
Executive Nonqualified Plan
Executive Nonqualified Plan (details)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Investment In Unconsolidated Affiliate
Investment In Unconsolidated Affiliate (details)
Long-term Debt
Long-term Debt - Capital Leases (details)
Long-term Debt - Future Maturities Of Long-term Debt (details)
Long-term Debt - Interest Rate Swap, Variable Rate Demand Notes And Promissory Note Payable (details)
Long-term Debt - Mortgage Notes Payable And Commerical Mortgage-backed Notes Financing (details)
Long-term Debt - Other Mortgage Notes Financing (details)
Long-term Debt - Revolving Credit Facilities (details)
Long-term Debt - Summary Of Long-term Debt (detail)
Long-term Debt Long-term Debt (tables)
Nature Of Business
Nature Of Business (details)
Operating Segments
Operating Segments (details)
Operating Segments (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Share-based Compensation
Share-based Compensation (tables)
Share-based Compensation - Additional Information (detail)
Share-based Compensation - Stock Option And Incentive Plans (details)
Share-based Compensation - Summary Of Restricted Stock Activity (details)
Share-based Compensation - Summary Of Stock Option Activity (details)
Share-based Compensation - Total Share-based Compensation Expense Included In Our Consolidated Statementes Of Operations (details)
Share-based Compensation Emloyee Stock Purchase Plan (details)
Significant Accounting Policies
Significant Accounting Policies (policies)
Significant Accounting Policies (tables)
Significant Accounting Policies - Accrued Expenses (details)
Significant Accounting Policies - Allowance For Doubtful Accounts (details)
Significant Accounting Policies - Center Operating Supplies And Inventories (details)
Significant Accounting Policies - Comprehensive Income (details)
Significant Accounting Policies - Derivative Instruments And Hedging Activities (details)
Significant Accounting Policies - Earnings Per Share (details)
Significant Accounting Policies - Fair Value Of Financial Instruments (details)
Significant Accounting Policies - Goodwill (details)
Significant Accounting Policies - Other Assets (details)
Significant Accounting Policies - Prepaid Expenses And Other Current Assets (details)
Significant Accounting Policies - Property And Equipment (details)
Significant Accounting Policies - Revenue Recognition (details)
Significant Accounting Policies - Supplemental Cash Flow Information (details)
Significant Accounting Policies Significant Accounting Policies - Acquisitions (details)
Significant Accounting Policies Significant Accounting Policies - Fair Value Measurements (details)
Significant Accounting Policies Significant Accounting Policies - Intangible Assets (details)
Significant Accounting Policies Significant Accounting Policies - Share-based Compensation (details)
Subsequent Event (details)
Subsequent Event (notes)
CIK: 1076195
Form Type: 10-K Annual Report
Accession Number: 0001076195-13-000003
Submitted to the SEC: Thu Feb 28 2013 4:05:34 PM EST
Accepted by the SEC: Thu Feb 28 2013
Period: Monday, December 31, 2012
Industry: Membership Sports And Recreation Clubs

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