Eldorado resorts, inc. (ERI)
CashFlow / TTM
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)

-132,866

81,001

94,100

94,749

112,609

95,235

184,293

176,338

93,290

73,380

-14,873

-34,940

22,102

24,527

134,058

129,775

123,780

114,246

-6,804

-16,267

-18,153

-14,322

0

0

0

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

214,201

221,525

225,107

208,275

183,652

157,429

135,460

128,822

121,821

105,891

85,487

72,175

62,849

63,449

62,064

60,208

58,656

56,921

57,311

48,869

38,924

28,643

0

0

0

Amortization of deferred financing costs, discount and debt premium

17,907

18,267

18,283

14,828

11,276

8,175

0

0

0

-

-

-

0

-

-

-

-1,002

-4,372

-7,764

-7,732

-4,998

-2,261

0

0

0

Deferred revenue

7,632

7,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in loss (gain) of unconsolidated affiliates

0

-

-

-

0

-

-

-

-

-

-

0

0

-

-

-

-

3,460

2,822

1,512

2,567

2,705

0

0

0

Loss on extinguishment of debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-155

0

0

0

-

-

-

-

-

-

-

-

Lease amortization

3,276

3,096

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of acquisition related contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39

-58

-75

-90

0

0

0

-

-

-

-

Distributions from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stock compensation expense

20,500

19,700

19,200

17,400

14,321

13,100

11,446

10,438

8,246

6,300

5,046

4,370

3,620

3,341

3,082

2,700

2,352

1,488

0

0

0

-

-

-

-

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

28,715

49,575

21,226

21,400

22,189

-835

0

0

0

-

-

0

0

-

-744

-775

64

-6

0

0

0

-

-

-

-

Provision (benefit) for bad debt

-

-

-

-

-

-

-

-

-

-

-

588

234

161

244

73

11

-18

879

1,326

1,390

1,070

0

0

0

Impairment charges

160,758

958

958

4,745

4,745

13,602

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Benefit) provision for deferred income taxes

-46,003

-1,649

31,600

16,733

40,539

33,865

-109,776

-64,099

-113,642

-112,561

26,791

-56,254

-9,864

-11,201

61,505

79,025

69,659

70,731

0

0

0

-

-

-

-

Other

-2,177

-1,962

-1,568

-879

-1,145

-1,483

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Accounts receivable

-17,122

-4,586

-16,692

5,189

7,320

-6,104

12,614

15,640

15,266

19,110

4,423

-4,035

-471

4,874

2,296

195

-1,819

-2,955

1,216

434

-1,829

-358

0

0

0

Inventories

-

-

-

-

-

-

-

-

-

-

-439

-11

-13

-687

-125

309

-267

71

-192

-425

-167

12

0

0

0

Prepaid expenses and other assets

4,211

-9,531

-3,943

-5,125

-12,345

-56

875

3,750

-3,042

423

-6,548

-3,445

1,256

995

3,085

-492

-117

-2,094

-1,016

-1,121

-3,532

-2,503

0

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,424

-

1,413

1,008

-944

1,811

0

0

0

Accrued interest

-

-

-

-

-

-

-

-

28,519

-

5,486

8,714

-3,092

-344

0

0

0

-

-

-

1,944

18,063

0

0

0

Income taxes payable

25,380

-21,847

0

0

0

-

-

-

3,662

-470

0

0

0

-

-

-

-293

-137

0

0

0

-

-

-

-

Accounts payable and accrued other liabilities

11,952

30,904

-44,852

-35,601

-10,121

-17,170

-5,007

-16,330

-13,560

-7,131

-2,382

-6,103

-10,040

-6,349

9,112

1,394

641

4,750

-8,276

-536

-2,503

-973

0

0

0

Net cash provided by operating activities

277,610

312,526

319,915

302,634

310,713

323,280

321,703

274,865

202,710

129,886

94,753

50,241

89,702

95,372

107,726

85,499

75,356

56,004

31,722

43,958

16,763

31,606

0

0

0

Purchase of property and equipment, net

155,607

170,766

193,349

189,348

164,504

147,415

119,313

108,518

98,226

83,161

63,154

52,652

38,755

43,173

45,297

39,244

39,891

36,762

30,413

26,513

17,557

10,564

0

0

0

Purchase of restricted investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

1,002

0

0

0

-

-

-

1,504

1,560

1,707

1,702

239

153

0

0

0

-

-

-

-

Reimbursement of capital expenditures from West Virginia regulatory authorities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

449

-

0

0

0

-

-

-

-

Escrow deposit

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in and loans to unconsolidated affiliates

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-340

-

-1,623

-542

18

-115

1,473

823

148

435

0

0

0

Net cash (used in) provided by investing activities

226,946

369,540

-834,603

-1,123,408

-1,117,603

-1,268,229

-425,833

-92,639

-1,034,730

-1,396,681

-1,380,586

-1,399,758

-416,206

-41,807

-109,897

-158,327

-162,490

-161,006

-86,981

24,078

33,709

40,413

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments under Revolving Credit Facility

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Borrowings under Revolving Credit Facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on Term Loan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under Term Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

13,525

0

0

0

Borrowings (payments) under Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

0

300

-

263

197

153

88

37

93

160

225

0

0

0

Debt issuance costs

-

456

20,815

25,902

25,840

25,758

5,589

6,839

44,814

51,526

55,163

48,817

11,110

4,288

0

0

0

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

11,077

8,247

8,681

9,543

8,528

11,708

11,039

12,049

18,688

11,365

10,305

8,559

389

744

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

2,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments on other long-term payables

467

476

537

565

614

666

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-54,614

-712,179

-43,164

801,013

842,041

1,043,891

717,737

-71,678

982,043

1,351,101

1,402,060

1,413,179

323,770

-73,671

-4,934

18,343

56,357

92,713

12,881

-11,020

-13,163

-14,228

0

0

0

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

449,942

-30,113

-557,852

-19,761

35,151

98,942

613,607

110,548

150,023

84,306

116,227

63,662

-2,734

-20,106

-7,105

-54,485

-30,777

-12,289

-42,378

57,016

37,309

57,791

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid

277,892

277,250

292,762

241,396

207,078

166,007

103,728

112,556

82,872

84,604

72,536

53,678

51,820

47,696

46,572

63,655

65,562

78,378

82,277

46,981

47,039

14,848

0

0

0

Income taxes (refunded) paid, net

-3,908

51,131

34,966

37,905

34,578

-4,134

3,485

-4,172

452

246

0

0

0

-

-

-

-

1,198

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payables for capital expenditures

15,957

10,676

11,796

15,925

14,728

11,694

0

0

0

-

-

-

-

-

-

-

348

-

3,653

3,951

3,862

3,890

0

0

0