Monarch casino & resort inc (MCRI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

31,816

34,098

25,538

24,574

20,659

14,185

17,961

8,911

5,675

8,236

4,841

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

14,875

14,617

15,132

14,835

15,933

17,824

16,638

16,651

13,379

13,281

12,501

Amortization of deferred loan costs

538

538

538

410

338

305

305

304

258

257

265

Stock-based compensation

8,203

5,468

7,091

1,681

1,544

1,226

1,220

1,368

1,619

1,741

2,048

Provisions for bad debts

-189

-93

-103

74

240

51

-230

-8

84

740

1,120

Excess tax benefit from stock-based compensation

-

-

-

737

865

1,079

413

-

-

-

-

Loss on disposition of assets

-

-12

-4

-677

9

-343

-176

5

-3,428

-167

63

Deferred income taxes

1,344

-483

3,810

798

-241

336

795

-240

-2,377

-731

1,919

Changes in operating assets and liabilities:
Receivables

-1,093

-92

1,992

1,381

922

470

-59

31

-884

1,714

70

Income taxes

-94

-1,729

1,600

-203

-528

-531

-882

-494

867

-145

-187

Inventories

3,043

357

238

216

35

171

293

125

281

176

142

Prepaid expenses

730

896

125

1,085

289

1,191

194

-453

-154

-70

-228

Right of use asset, net

14

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-2,735

Accounts payable

5,855

2,998

-431

1,973

-1,186

-733

604

-899

-1,523

1,232

-1,229

Accrued expenses

2,998

847

1,624

1,922

2,546

1,150

342

164

391

3,021

2,115

Net cash provided by operating activities

63,246

58,756

49,454

43,728

38,241

31,245

36,088

26,049

22,563

25,978

26,082

Cash flows from investing activities:
Proceeds from sale of assets

72

-

86

29

34

84

48

14

1

16

83

Change in construction payable

-9,624

11,329

3,218

1,198

-383

1,790

-

-

-

-

5,404

Acquisition of property and equipment

125,367

137,074

49,990

26,121

37,676

21,719

12,400

10,329

13,591

6,814

15,845

Net cash used in investing activities

-134,919

-125,745

-46,686

-24,894

-38,025

-19,845

-12,352

-77,062

-17,390

-6,798

-21,166

Cash flows from financing activities:
Net cash paid for the Riviera Black Hawk acquisition

-

-

-

-

-

-

-

66,747

-

-

-

Acquisition deposit

-

-

-

-

-

-

-

-

3,800

-

-

Net exercise of stock options

-

-

-

2,934

3,900

-2,726

3,438

53

-

99

13

Excess tax benefit from stock-based compensation

-

-

-

737

865

1,079

413

-

-

-

6

Loan issuance cost

-

-

-

2,586

-

-

-

-

1,470

-

772

Long-term debt borrowings

3,750

-

-

-14,700

5,400

7,500

27,300

21,340

19,100

21,200

13,250

Long-term debt borrowings

105,500

68,300

-

-

-

-

-

-

-

-

-

Borrowings under credit facility

-

-

-

-

-

-

-

77,760

15,180

1,300

11,750

Net cash provided by financing activities

101,750

68,300

-

-13,615

-635

-9,147

-23,449

56,473

-5,390

-19,800

-2,253

Change in cash and cash equivalents

30,077

1,311

2,768

5,219

-419

2,253

287

5,460

-217

-619

2,663

Supplemental disclosure of cash flow information:
Cash paid for interest, net of amounts capitalized

-

186

426

206

374

853

1,472

1,658

532

1,144

1,948

Cash paid for income taxes

6,322

7,305

11,950

12,375

10,930

7,300

10,690

6,500

3,650

5,000

2,240

Return of assets under capital lease:
Accounts payable

-

-

105

-

-

-

-

-

-

-

-

Accrued expenses

-

-

13

-

-

-

-

-

-

-

-

Accrued expenses - adjustment to beginning retained earnings for accounting changes in accordance with the new revenue recognition standard

-

4,858

-

-

-

-

-

-

-

-

-

Non cash transaction - reduction of jackpot liability

-

-

-

-

-

-

-

1,120

638

-

-