Eldorado resorts, inc. (ERI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-175,638

-13,219

37,055

18,936

38,229

-120

37,704

36,796

20,855

88,938

29,749

-46,252

945

685

9,682

10,790

3,370

110,216

5,399

4,795

-6,164

-10,834

-4,064

2,909

-2,333

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

50,433

54,643

52,592

56,533

57,757

58,225

35,760

31,910

31,534

36,256

29,122

24,909

15,604

15,852

15,810

15,583

16,204

14,467

13,954

14,031

14,469

14,857

5,512

4,086

4,188

Amortization of deferred financing costs, discount and debt premium

4,187

4,406

4,675

4,639

4,547

4,422

1,220

1,087

1,446

-

-

-

877

-

-

-

847

887

-215

-2,521

-2,523

-2,505

-183

213

214

Deferred revenue

1,889

2,174

1,784

1,785

1,397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in loss (gain) of unconsolidated affiliates

-252

-

-

-

605

-

-

-

-

-

-

-60

-222

-

-

-

-

324

2,548

1,106

-518

-314

1,238

2,161

-380

Loss on extinguishment of debt

-158

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-89

-66

-

-

-

-

-

-

-

-

Lease amortization

855

729

1,035

657

675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on investments

-23,008

-

-

-

-1,460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of acquisition related contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

-38

-19

-17

-16

-

-

-

-

Distributions from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

127

191

191

Stock compensation expense

5,700

4,000

4,200

6,600

4,900

3,500

2,400

3,521

3,679

1,846

1,392

1,329

1,733

592

716

579

1,454

333

334

231

590

-

-

-

-

(Gain) loss on sale or disposal of property and equipment

1,458

27,907

-284

-366

22,318

-442

-110

423

-706

-

-

-89

32

-

25

-836

71

-4

-6

3

1

-

-

-

-

Provision (benefit) for bad debt

-

-

-

-

-

-

-

-

-

-

-

538

218

-147

-21

184

145

-64

-192

122

116

833

255

186

-204

Impairment charges

160,758

0

0

0

958

0

3,787

0

9,815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) provision for deferred income taxes

-39,130

-27,729

32,751

-11,895

5,224

5,520

17,884

11,911

-1,450

-138,121

63,561

-37,632

-369

1,231

-19,484

8,758

-1,706

73,937

-1,964

-608

-634

-

-

-

-

Other

-360

-758

44

-1,103

-145

-364

733

-1,369

-483

-

-

-

-16

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Accounts receivable

-8,603

5,561

-13,933

-147

3,933

-6,545

7,948

1,984

-9,491

12,173

10,974

1,610

-5,647

-2,514

2,516

5,174

-302

-5,092

415

3,160

-1,438

-921

-367

897

33

Inventories

-

-

-

-

-

-

-

-

-

-

-647

379

251

-422

-219

377

-423

140

215

-199

-85

-123

-18

59

94

Prepaid expenses and other assets

-589

-4,042

-2,142

10,984

-14,331

1,546

-3,324

3,764

-2,042

2,477

-449

-3,028

1,423

-4,494

2,654

1,673

1,162

-2,404

-923

2,048

-815

-1,326

-1,028

-363

214

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,591

-

2,080

1,217

-2,655

771

1,675

-735

100

Accrued interest

-

-

-

-

-

-

-

-

7,539

-

-9,751

18,316

-10,006

6,927

-6,523

6,510

-7,258

-

-

-

-12,497

12,305

5,787

-3,651

3,622

Income taxes payable

20,829

8,471

-21,682

17,762

-26,398

-

-

-

4,199

798

-1,071

-264

67

-

-

-

130

-103

103

-423

286

-

-

-

-

Accounts payable and accrued other liabilities

-27,135

53,676

6,984

-21,573

-8,183

-22,080

16,235

3,907

-15,232

-9,917

4,912

6,677

-8,803

-5,168

1,191

2,740

-5,112

10,293

-6,527

1,987

-1,003

-2,733

1,213

20

527

Net cash provided by operating activities

30,524

52,443

132,225

62,418

65,440

59,832

114,944

70,497

78,007

58,255

68,106

-1,658

5,183

23,122

23,594

37,803

10,853

35,476

1,367

27,660

-8,499

11,194

13,603

465

6,344

Purchase of property and equipment, net

23,201

35,750

37,902

58,754

38,360

58,333

33,901

33,910

21,271

30,231

23,106

23,618

6,206

10,224

12,604

9,721

10,624

12,348

6,551

10,368

7,495

5,999

2,651

1,412

502

Purchase of restricted investments

82

-

-

-

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits and proceeds from sale of businesses, property and equipment, net of cash sold

10,515

-

-

-

167,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of businesses, property and equipment, net of cash sold

-

-

-

-

-

82

80

690

150

-

-

-

32

0

9

1,463

88

147

4

0

2

-

-

-

-

Reimbursement of capital expenditures from West Virginia regulatory authorities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

437

1,984

1,692

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,783

-

-5,500

-1,217

2,623

-

-

-

-

Escrow deposit

-

-

-

-

-

-

-

-

-

-

-

-

376,750

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and loans to unconsolidated affiliates

321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

148

-

-387

-6

-171

-1,059

694

554

-304

529

44

-121

-17

Net cash (used in) provided by investing activities

-13,089

331,048

-36,988

-54,025

129,505

-873,095

-325,793

-48,220

-21,121

-30,699

7,401

-990,311

-383,072

-14,604

-11,771

-6,759

-8,673

-82,694

-60,201

-10,922

-7,189

-8,669

50,858

-1,291

-485

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments under Revolving Credit Facility

-

-

-

40,000

205,000

-

-

-

-

-

-

-

-

-

-

-

48,500

-

-

-

-

-

-

-

-

Borrowings under Revolving Credit Facility

465,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on Term Loan

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under Term Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,063

-

-

-

-

11,025

0

1,500

1,000

Borrowings (payments) under Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,000

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

116

94

-

68

68

68

59

2

24

3

8

58

91

68

Debt issuance costs

-

-2

9

63

386

20,357

5,096

1

304

188

6,346

37,976

7,016

3,825

0

269

194

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

7,152

673

62

3,190

4,322

1,107

924

2,175

7,502

438

1,934

8,814

179

-622

188

644

534

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

0

2

2,464

434

-

-

-

-

-

-

-

-

-

-

-

-

Payments on other long-term payables

109

104

129

125

118

165

157

174

170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

447,739

-388,775

-70,200

-43,378

-209,826

280,240

773,977

-2,350

-7,976

-45,914

-15,438

1,051,371

361,082

5,045

-4,319

-38,038

-36,359

73,782

18,958

-24

-3

-6,050

-4,943

-2,167

-1,068

Increase (decrease) in cash, cash equivalents and restricted cash

465,174

-5,284

25,037

-34,985

-14,881

-533,023

563,128

19,927

48,910

-18,358

60,069

59,402

-16,807

13,563

7,504

-6,994

-34,179

26,564

-39,876

16,714

-15,691

-3,525

59,518

-2,993

4,791

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid

63,527

63,531

79,636

71,198

62,885

79,043

28,270

36,880

21,814

16,764

37,098

7,196

23,546

4,696

18,240

5,338

19,422

3,572

35,323

7,245

32,238

7,471

27

7,303

47

Income taxes (refunded) paid, net

-16,141

8,078

4,843

-688

38,898

-8,087

7,782

-4,015

186

-468

125

609

-20

-

-

-

-

96

254

488

360

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Net change in liabilities for capital expenditures

-

-

-

-

-

-

-

-

-

-

3,442

-3,468

2,312

-

-

-

-

-

-

-

-

-

-

-

-

Payables for capital expenditures

15,957

-616

-3,233

3,849

10,676

504

896

2,652

7,642

-

-

-

-

-

-

-

95

-

-2

-51

247

3,459

296

-140

275