PLAYAGS, INC. AGS Income Statement

Playags, inc. (AGS)

Income statement / TTM

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
285,985	304,714	299,023	295,172	293,485	285,299	270,865	251,779	229,037	211,955	197,039	181,807	174,345	166,806	164,157	161,054	144,732	123,292	101,914	82,645	73,777	72,140	0	0	0
Operating expenses
Selling, general and administrative
58,548	61,785	61,970	60,393	61,138	63,038	61,058	55,516	50,511	44,015	39,822	43,050	43,706	46,108	47,990	48,824	46,621	40,088	34,946	24,920	0	-	0	0	-
Research and development
34,444	34,338	33,546	32,769	31,245	31,745	31,177	29,750	29,036	25,715	22,741	22,949	21,987	21,346	21,525	19,910	17,764	14,376	10,547	7,218	0	-	0	0	-
Write-downs and other charges
5,951	6,912	12,330	12,190	8,159	8,753	5,112	4,935	5,863	4,485	3,764	5,126	3,384	3,262	-1,539	858	8,395	11,766	19,304	16,505	10,421	7,068	0	0	0
Loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
General and administrative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Selling and marketing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Depreciation and amortization
94,310	91,474	88,753	83,911	79,719	77,535	75,835	73,798	72,547	71,649	73,252	75,740	78,090	80,181	81,089	82,215	73,858	61,662	49,361	37,832	33,743	33,405	0	0	0
Total operating expenses
275,779	280,977	281,183	272,801	262,085	260,009	246,632	228,520	214,480	197,453	184,801	185,822	185,020	183,870	181,165	183,962	174,641	152,731	133,939	105,085	86,346	80,561	0	0	0
(Loss) income from operations
10,206	23,737	17,840	22,371	31,400	25,290	24,233	23,259	14,557	14,502	12,238	-4,015	-10,675	-17,064	-17,008	-22,908	-29,909	-29,439	-32,025	-22,440	-12,569	-8,421	0	0	0
Other expense
Interest expense
35,716	36,248	37,108	36,744	36,057	37,607	41,384	45,094	50,775	55,511	58,192	60,429	60,507	59,963	58,629	58,612	51,986	41,642	31,643	21,165	17,471	17,235	0	0	0
Interest income
176	163	157	204	194	207	190	126	145	108	86	73	49	57	75	95	96	82	68	50	50	42	0	0	0
Loss on extinguishment and modification of debt
-	-	-	-2,017	-	-6,625	-5,511	-5,511	-13,640	-9,032	-8,129	-8,129	0	-	0	0	-	-	-	-	-	-	-	-	-
Other expense
-3,701	-4,622	-5,475	-6,015	-6,516	-10,488	-11,988	-11,087	-9,103	2,938	3,715	2,856	-173	-7,404	-6,465	-8,558	-7,581	-3,635	-3,756	-1,569	-812	-573	0	0	0
(Loss) income before income taxes
-29,035	-16,970	-26,603	-22,201	-12,996	-29,223	-34,460	-38,307	-58,816	-46,995	-50,282	-69,644	-71,306	-84,374	-82,027	-89,983	-89,380	-74,634	-67,356	-45,124	-30,802	-26,187	0	0	0
Income tax benefit (expense)
-3,084	-5,449	-3,314	-8,778	-1,699	-8,377	-15,439	-10,849	-16,558	-1,889	6,538	4,321	1,388	-3,000	-12,007	-17,919	-39,004	-36,089	-28,724	-21,097	2,277	2,189	0	0	0
Net (loss) income
-25,951	-11,521	-23,289	-13,423	-11,297	-20,846	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income attributable to non-controlling interests
-	231	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income attributable to PlayAGS, Inc.
-26,089	-11,752	-23,520	-13,637	-11,390	-20,846	-19,021	-27,458	-42,258	-45,106	-56,820	-73,965	-72,694	-81,374	-70,020	-72,064	-50,376	-38,545	-38,632	-24,027	-33,079	-28,376	0	0	0
Foreign currency translation adjustment
-7,460	1,366	-2,064	845	-2,266	29	1,726	-408	2,805	743	109	399	-1,941	-2,735	-3,294	-3,845	-2,261	-2,099	-881	103	349	289	0	0	0
Total comprehensive (loss) income
-33,549	-10,386	-25,584	-12,792	-13,656	-20,817	-17,295	-27,866	-39,453	-44,363	-56,711	-73,566	-74,635	-84,109	-73,314	-75,909	-52,637	-40,644	-39,513	-23,924	-32,730	-28,087	0	0	0
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
200,358	210,534	207,898	206,077	205,038	201,809	198,099	190,247	179,451	170,252	162,804	158,832	156,652	154,857	153,946	151,877	137,084	117,013	98,227	78,913	70,820	68,981	0	0	0
Cost of goods and services sold
41,329	40,955	40,927	41,251	40,029	39,268	39,010	35,860	33,129	31,742	28,903	28,270	27,934	26,736	26,853	27,400	26,370	23,291	20,948	17,403	14,959	14,169	0	0	0
Equipment Sales [Member]
Total revenues
85,627	94,180	91,125	89,095	88,447	83,490	72,766	61,532	49,586	41,703	34,235	22,975	17,693	11,949	10,211	9,177	7,648	6,279	3,687	3,732	2,957	3,159	0	0	0
Cost of goods and services sold
41,197	45,513	43,657	42,287	41,795	39,670	34,440	28,661	23,394	19,847	16,319	10,687	9,919	6,237	5,247	4,755	1,633	1,548	807	1,317	1,517	1,607	0	0	0