PLAYAGS, INC. AGS Income Statement

Playags, inc. (AGS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
Revenues
Total revenues
54,313	77,786	79,377	74,509	73,042	72,095	75,526	72,822	64,856	57,661	56,440	50,080	47,774	42,745	41,208	42,618	40,235	40,096	38,105	26,296	18,795	18,718	18,836	17,428	17,158
Operating expenses
Selling, general and administrative
11,640	15,442	16,861	14,605	14,877	15,627	15,284	15,350	16,777	13,647	9,742	10,345	10,281	9,454	12,970	11,001	12,683	11,336	13,804	8,798	6,150	-	6,194	3,778	-
Research and development
8,231	9,163	8,671	8,379	8,125	8,371	7,894	6,855	8,625	7,803	6,467	6,141	5,304	4,829	6,675	5,179	4,663	5,008	5,060	3,033	1,275	-	1,179	1,731	-
Write-downs and other charges
55	53	807	5,036	1,016	5,471	667	1,005	1,610	1,830	490	1,933	232	1,109	1,852	191	110	-3,692	4,249	7,728	3,481	3,846	1,450	1,644	128
Loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,237
Selling and marketing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	623
Depreciation and amortization
24,369	22,472	23,810	23,659	21,533	19,751	18,968	19,467	19,349	18,051	16,931	18,216	18,451	19,654	19,419	20,566	20,542	20,562	20,545	12,209	8,346	8,261	9,016	8,120	8,008
Total operating expenses
59,496	69,971	73,798	72,514	64,694	70,177	65,416	61,798	62,618	56,800	47,304	47,758	45,591	44,148	48,325	46,956	44,441	41,443	51,122	37,635	22,531	22,651	22,268	18,896	16,746
(Loss) income from operations
-5,183	7,815	5,579	1,995	8,348	1,918	10,110	11,024	2,238	861	9,136	2,322	2,183	-1,403	-7,117	-4,338	-4,206	-1,347	-13,017	-11,339	-3,736	-3,933	-3,432	-1,468	412
Other expense
Interest expense
8,342	8,494	9,320	9,560	8,874	9,354	8,956	8,873	10,424	13,131	12,666	14,554	15,160	15,812	14,903	14,632	14,616	14,478	14,886	8,006	4,272	4,479	4,408	4,312	4,036
Interest income
52	51	42	31	39	45	89	21	52	28	25	40	15	6	12	16	23	24	32	17	9	10	14	17	1
Loss on extinguishment and modification of debt
-	-	-	0	-	-2,017	0	0	-4,608	-903	0	-8,129	0	-	0	0	-	-	-	-	-	-	-	-	-
Other expense
-4,339	486	106	46	-5,260	-367	-434	-455	-9,232	-1,867	467	1,529	2,809	-1,090	-392	-1,500	-4,422	-151	-2,485	-523	-476	-272	-298	234	-237
(Loss) income before income taxes
-17,812	-142	-3,593	-7,488	-5,747	-9,775	809	1,717	-21,974	-15,012	-3,038	-18,792	-10,153	-18,299	-22,400	-20,454	-23,221	-15,952	-30,356	-19,851	-8,475	-8,674	-8,124	-5,529	-3,860
Income tax benefit (expense)
-3,393	-1,565	1,926	-52	-5,758	570	-3,538	7,027	-12,436	-6,492	1,052	1,318	2,233	1,935	-1,165	-1,615	-2,155	-7,072	-7,077	-22,700	760	293	550	674	672
Net (loss) income
-14,419	1,423	-5,519	-7,436	11	-10,345	4,347	-5,310	-9,538	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to non-controlling interests
-	0	17	121	93	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to PlayAGS, Inc.
-14,419	1,423	-5,536	-7,557	-82	-10,345	4,347	-5,310	-9,538	-8,520	-4,090	-20,110	-12,386	-20,234	-21,235	-18,839	-21,066	-8,880	-23,279	2,849	-9,235	-8,967	-8,674	-6,203	-4,532
Foreign currency translation adjustment
-8,184	1,769	-1,273	228	642	-1,661	1,636	-2,883	2,937	36	-498	330	875	-598	-208	-2,010	81	-1,157	-759	-426	243	61	225	-180	183
Total comprehensive (loss) income
-22,603	3,192	-6,809	-7,329	560	-12,006	5,983	-8,193	-6,601	-8,484	-4,588	-19,780	-11,511	-20,832	-21,443	-20,849	-20,985	-10,037	-24,038	2,423	-8,992	-8,906	-8,449	-6,383	-4,349
Basic and diluted loss per common share:
Basic (in dollars per share)
-0.41	-	-0.16	-0.21	-	-0.28	0.12	-0.15	-0.30	-0.36	-0.18	-0.87	-0.53	0.58	-1.42	-1.26	-1.41	0.32	-1.56	0.24	-0.92	-0.90	-0.87	-0.62	-0.45
Diluted (in dollars per share)
-0.41	-	-0.16	-0.21	-	-0.28	0.12	-0.15	-0.30	-0.36	-0.18	-0.87	-0.53	0.58	-1.42	-1.26	-1.41	0.32	-1.56	0.24	-0.92	-0.90	-0.87	-0.62	-0.45
Weighted average common shares outstanding:
Basic (in shares)
35	-70,768	35,447	35,428	35	-102,135	35,305	35,233	31,735	-69,531	23,208	23,208	23,208	48,036	14,932	14,932	14,932	43,650	14,932	11,734	10,000	10,000	10,000	10,000	10,000
Diluted (in shares)
35	-70,768	35,447	35,428	35	-103,143	36,313	35,233	31,735	-69,531	23,208	23,208	23,208	48,036	14,932	14,932	14,932	43,266	14,932	12,118	10,000	10,000	10,000	10,000	10,000
Pro Forma Basis and dilued loss per common share (Unaudited):
Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.91	-	-	-	-	-	-	-	-	-	-
Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.91	-	-	-	-	-	-	-	-	-	-
Weighted average shares, Basic (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,209	-	-	-	-	-	-	-	-	-	-
Weighted average shares, Diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,209	-	-	-	-	-	-	-	-	-	-
Gaming Operations [Member]
Total revenues
42,685	51,558	52,522	53,593	52,861	48,922	50,701	52,554	49,632	45,212	42,849	41,758	40,433	37,764	38,877	39,578	38,638	36,853	36,808	24,785	18,567	18,067	17,494	16,692	16,728
Cost of goods and services sold
9,993	10,234	10,170	10,932	9,619	10,206	10,494	9,710	8,858	9,948	7,344	6,979	7,471	7,109	6,711	6,643	6,273	7,226	7,258	5,613	3,194	4,883	3,713	3,169	2,404
Equipment Sales [Member]
Total revenues
11,628	26,228	26,855	20,916	20,181	23,173	24,825	20,268	15,224	12,449	13,591	8,322	7,341	4,981	2,331	3,040	1,597	3,243	1,297	1,511	228	651	1,342	736	430
Cost of goods and services sold
5,208	12,607	13,479	9,903	9,524	10,751	12,109	9,411	7,399	5,521	6,330	4,144	3,852	1,993	698	3,376	170	1,003	206	254	85	262	716	454	175