ELDORADO RESORTS, INC. ERI Income Statement

Eldorado resorts, inc. (ERI)

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	Sep'13
REVENUES:
Net revenues
-	-	-	-	-	-	-	-	-	-	0	1,102,418	-	-	959,657	892,937	836,283	784,541	671,229	0	0	-	0	-	-	-
Less-promotional allowances
-	-	-	-	-	-	-	-	-	-	0	98,298	-	-	87,051	78,356	70,384	64,757	62,918	58,501	53,754	48,449	43,927	0	0	0
Net revenues
2,365,495	2,528,249	2,607,885	2,431,957	2,251,638	2,056,007	1,862,598	1,820,219	1,718,597	1,480,798	1,216,466	1,013,157	889,292	900,465	872,606	814,581	765,899	719,784	0	0	0	-	-	0	0	0
Net operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
EXPENSES:
Casino
-	-	-	-	-	-	-	-	-	-	507,605	426,087	374,044	-	389,198	376,324	367,016	357,572	352,195	296,393	230,636	167,792	109,736	0	0	0
Pari-mutuel commissions
-	-	-	-	-	-	-	-	-	-	12,708	11,613	9,670	-	9,320	9,439	9,601	9,973	8,934	0	0	-	0	-	-	-
Other
43,870	45,938	47,710	44,933	42,520	38,676	37,581	36,058	33,392	32,156	30,391	29,897	30,871	30,776	24,802	21,583	18,532	15,325	14,114	12,359	10,566	9,348	7,697	0	0	0
Marketing and promotions
122,025	129,373	137,579	127,409	117,161	106,161	94,508	96,020	94,346	83,174	65,148	51,837	41,445	40,890	39,569	36,062	33,700	31,227	30,157	27,603	24,946	21,982	18,796	0	0	0
General and administrative
448,538	476,751	486,138	438,970	395,284	349,598	308,819	301,805	283,439	241,037	188,355	153,864	130,865	130,720	125,117	114,308	104,981	96,870	92,603	83,705	71,470	58,738	47,077	0	0	0
Corporate
65,724	65,996	64,433	60,636	51,817	46,632	42,023	40,524	35,734	30,739	25,930	22,638	19,550	19,880	20,440	19,666	19,213	16,469	0	0	0	-	-	-	-	-
Impairment charges
160,758	958	958	4,745	4,745	13,602	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	57,540	48,869	38,924	28,643	17,854	0	0	0
Total operating expenses
2,135,665	2,080,752	2,156,668	2,028,855	1,879,603	1,729,014	1,615,762	1,583,379	1,508,623	1,312,525	1,049,473	894,367	793,452	801,745	775,817	728,696	688,358	648,270	633,561	544,894	440,518	339,478	240,006	0	0	0
Gain on sale or disposal of property and equipment
28,715	49,575	21,226	21,400	22,189	-835	-659	-545	-1,057	-319	-149	-128	-875	-836	-744	-775	64	-6	-5	0	0	-	0	-	-	-
Proceeds from terminated sales
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction expenses
92,058	84,658	32,427	24,076	20,188	20,842	13,648	11,651	93,711	92,777	93,030	95,686	10,278	9,184	7,061	2,691	2,888	2,452	1,212	5,295	6,123	7,411	0	0	0	0
(Loss) income from unconsolidated affiliates
-3,298	-2,441	-2,229	-777	477	-213	-178	-138	-230	-367	0	0	0	-	-	-	-	3,460	2,822	1,512	2,567	2,705	5,179	0	0	0
Operating (loss) income
163,189	409,973	437,787	404,649	379,513	310,103	257,351	244,506	134,976	94,810	73,509	22,694	84,465	88,700	89,308	85,291	78,695	72,516	65,685	44,371	28,087	17,555	18,197	0	0	0
OTHER EXPENSE:
Investment Income, Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Interest expense, net
279,202	286,248	292,196	254,384	213,991	171,732	127,130	122,228	118,350	99,769	81,922	65,328	50,596	50,917	50,987	52,880	57,317	61,558	77,568	57,439	44,077	30,734	6,024	0	0	0
Loss on extinguishment of debt
0	-	0	-	-	-	-	-	-	-	0	0	-	-155	-1,945	0	0	-	0	-	-	-	-	-	-	-
Unrealized loss on investments and marketable securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on restricted investment
-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense
-299,655	-284,995	-295,689	-259,991	-218,200	-174,481	-128,213	-133,341	-156,780	-138,199	-119,269	-92,645	-50,685	-51,072	-15,707	-19,390	-23,738	-27,913	-67,447	-56,822	-43,456	-30,109	-17,306	0	0	0
(Loss) income before income taxes
-136,466	124,978	142,098	144,658	161,313	135,622	129,138	111,165	-21,804	-43,389	-45,760	-69,951	33,780	37,628	73,601	65,901	54,957	44,603	-1,762	-12,451	-15,369	-12,554	891	0	0	0
Benefit (provision) for income taxes
-3,600	43,977	47,998	49,909	48,704	40,387	-57,819	-66,204	-115,094	-116,769	-28,222	-33,979	11,678	13,101	-60,395	-63,812	-68,760	-69,580	5,042	3,816	2,784	1,768	0	0	0	-
INCOME (LOSS) FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAXES
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCOME
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,717	-	0	0	0	-	-	-	-	-
Net (loss) income
-132,866	81,001	94,100	94,749	112,609	95,235	184,564	176,414	93,290	73,380	-6,147	-24,910	0	-	0	0	-	-	-	-	-	-14,425	-304	0	0	0
Income (loss) per common share attributable to common stockholders - basic:
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	0.36	-0.70	-	-	0.21	0.23	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	0.02	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic
-2.25	-0.17	0.48	0.24	0.49	-0.01	0.49	0.48	0.27	1.38	0.38	-0.69	0.02	0.01	0.21	0.23	0.07	2.36	0.12	0.10	-0.13	-	-0.16	0.12	-	0.14
Income (loss) per common share attributable to common stockholders - diluted:
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	0.36	-0.70	-	-	0.20	0.23	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	0.02	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-2.25	-0.17	0.47	0.24	0.49	0.00	0.48	0.47	0.27	1.37	0.38	-0.69	0.02	0.01	0.20	0.23	0.07	2.34	0.12	0.10	-0.13	-	-0.16	0.12	-	0.14
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.10	-
Weighted average number of shares outstanding:
Weighted average basic shares outstanding
77,954	77,737	77,721	77,682	77,567	77,500	77,522	77,458	77,353	77,058	76,902	67,453	47,120	46,935	47,193	47,071	46,933	46,672	46,516	46,516	46,494	-	26,075	23,311	-	23,311
Weighted average diluted shares outstanding
77,954	78,611	78,449	78,725	78,589	78,506	78,283	78,258	78,080	77,901	77,959	68,469	48,081	47,715	47,834	47,721	47,534	48,120	46,763	46,657	46,494	-	26,075	23,311	-	23,311
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,311	-
Casino and pari-mutuel Commissions
Net revenues
1,677,249	1,808,186	1,878,644	1,788,813	1,680,536	1,553,378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
751,177	802,327	845,832	823,339	790,044	749,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Food and Beverage
Net revenues
-	-	311,767	291,485	-	247,339	227,675	225,878	218,023	198,246	168,512	150,185	140,714	-	136,758	122,769	109,297	97,740	92,604	84,536	76,068	68,233	60,933	0	0	0
Net revenues
282,382	301,417	311,839	291,557	270,422	247,339	224,181	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
231,531	238,661	247,979	232,954	218,227	202,618	229,466	210,542	188,606	169,848	136,350	130,939	128,888	122,598	77,779	69,194	60,413	52,606	50,906	46,907	42,311	37,411	30,302	0	0	0
Hotel
Net revenues
-	-	306,850	257,312	-	183,804	161,020	154,776	144,774	133,338	107,234	96,699	93,452	-	86,638	67,830	50,597	37,466	31,931	30,293	29,154	28,007	28,339	0	0	0
Net revenues
283,500	299,908	306,943	257,405	217,847	183,804	160,409	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
97,841	99,223	100,932	87,594	76,153	65,009	63,510	59,671	54,002	50,575	45,391	43,209	43,162	41,212	27,528	21,912	16,246	11,307	9,411	9,180	8,781	8,536	8,024	0	0	0
Other
Net revenues
-	-	110,459	94,182	-	71,486	59,847	58,748	55,435	50,187	46,324	43,367	42,831	-	42,607	36,677	32,236	26,077	23,145	20,078	15,744	13,198	10,183	0	0	0
Net revenues
122,364	118,738	110,459	94,182	82,833	71,486	59,470	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Casino
Net revenues
-	-	-	-	-	-	-	-	-	-	866,996	683,670	563,947	591,471	685,561	657,314	635,643	614,227	603,375	510,475	401,841	298,848	205,385	0	0	0
Pari-mutuel Commissions
Net revenues
-	-	-	-	-	-	-	-	-	-	11,381	9,746	8,496	8,544	8,093	8,347	8,510	9,031	8,488	0	0	-	0	-	-	-