Lifetime Fitness 2004 Annual Report Download - page 2

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Life Time Fitness operates distinctive, large, four-in-
one health and fitness destination centers that offer
sports and athletics, professional fitness, family
recreation, and resort and spa services 24 hours
a day, seven days a week. Programming, products
and services uniquely combine exercise, education
and nutrition — the foundation upon which we help
our members achieve their health and fitness goals.
In 2004, Life Time Fitness grew to nearly 300,000
memberships at 39 centers across eight states.
Founded in1992, the company is headquartered
in Eden Prairie, Minnesota, and employed approx-
imately 8,400 team members at the end of 2004.
PERFORMANCE HIGHLIGHTS
Our mission is to provide an
Educational, Entertaining,
Friendly and Inviting,
Functional and Innovative
experience of uncompromising
quality that meets the health and
fitness needs of the entire family.
Total Revenue (in millions)
2001 2002 2003 2004
$136.7
$195.2
$256.9
$312.0
Net Income (in millions)
2001 2002 2003 2004
$4.0
$7.4
$20.6
$28.9
Memberships
2001 2002 2003 2004
173,875
215,387
249,192
299,538
Earnings (Loss) per Diluted Share
2001 2002 2003 2004
$(0.20)
2000
$94.5
2000
$3.7
2000
133,480
2000
$0.02 $0.02
$0.72 $0.87