MONARCH CASINO & RESORT INC MCRI Income Statement

Monarch casino & resort inc (MCRI)

Income statement / Quarterly

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	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Gross revenues
62,080	65,585	62,761	58,740	59,779	64,359	59,909	56,268	68,408	75,423	70,203	65,218	67,522	69,295	66,407	60,920	62,781	65,488	61,022	57,879	56,221	59,977	57,955	55,422	54,542	59,878	60,970	56,527	50,936	57,761	52,791	42,501	35,472	43,549	44,431	40,208	45,073	43,177
Less promotional allowances
-	-	-	-	-	-	-	-	12,352	12,396	11,974	11,804	11,926	12,186	11,829	11,171	11,296	11,912	11,009	10,708	10,362	11,380	10,152	9,914	10,038	10,889	11,319	10,922	11,001	11,733	10,320	7,633	7,563	7,375	7,271	6,922	7,392	7,021
Net revenues
-	-	-	-	-	-	-	-	56,056	63,027	58,229	53,414	55,596	57,109	54,578	49,749	51,485	53,576	50,013	47,171	45,859	48,597	47,803	45,508	44,504	48,989	49,651	45,605	39,934	46,028	42,471	34,868	27,909	36,174	37,159	33,285	37,680	36,155
Operating expenses
Selling, general and administrative
18,469	17,885	16,506	16,452	17,672	16,793	16,152	15,185	16,602	16,398	15,080	14,639	15,604	14,439	14,536	13,151	14,534	14,349	13,317	12,579	13,132	13,444	13,180	13,231	13,824	13,518	12,643	12,271	11,440	12,358	12,635	11,685	6,267	11,671	11,274	10,907	12,785	11,913
Depreciation and amortization
3,891	3,686	3,695	3,603	3,536	3,651	3,738	3,692	3,735	3,722	3,769	3,906	3,701	3,644	3,790	3,700	3,776	3,918	4,108	4,131	4,320	4,180	4,630	4,694	4,066	3,549	4,380	4,643	4,368	4,647	4,260	3,375	3,234	3,314	3,436	3,394	3,394	3,214
Pre-opening expenses
-	953	188	436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction litigation expenses
-	162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of assets
-	-	-	-	-	-8	-4	-	-	0	14	-18	-9	-5	-607	-56	-29	0	2	18	-	-	-249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Colorado ballot initiative costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	841	1,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building demolition expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,519	-	-	-	-
Acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	455	1,625	74	-	437	-	-	-	-
Total operating expenses
54,382	54,062	51,128	50,019	50,718	50,493	48,567	47,711	47,919	49,777	46,676	45,688	45,404	44,857	45,633	42,590	43,498	43,527	41,965	40,700	41,105	41,931	42,335	40,177	40,341	40,050	39,483	38,420	37,066	39,150	39,086	32,015	26,615	36,022	31,491	30,629	33,273	31,693
Income from operations
7,698	11,523	11,633	8,721	9,061	13,866	11,342	8,557	8,137	13,250	11,553	7,726	10,192	12,252	8,945	7,159	7,987	10,049	8,048	6,471	4,754	6,666	5,468	5,331	4,163	8,939	10,168	7,185	2,868	6,877	3,384	2,852	1,293	151	5,668	2,656	4,406	4,462
Other income (expense)
Interest income (expense), net of amounts capitalized
-	-	-	-	0	55	42	80	328	161	206	272	341	130	60	85	142	137	181	219	288	255	274	287	367	411	516	566	627	490	577	328	270	160	194	288	334	365
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16
Total other expense
-	-	-	-	0	-55	-42	-80	-328	-161	-206	-272	-341	-130	-60	-85	-142	-137	-181	-219	-288	-255	-274	-287	-367	-411	-516	-566	-627	-490	-577	-328	-	-160	-194	-	-	-349
Income before income taxes
7,699	11,523	11,633	8,721	9,061	13,811	11,300	8,477	7,809	13,089	11,347	7,454	9,851	12,122	8,885	7,074	7,845	9,912	7,867	6,252	4,466	6,411	5,194	5,044	3,796	8,528	9,652	6,619	2,241	6,386	2,807	2,523	1,022	-8	5,474	2,367	4,072	4,112
Provision for income taxes
1,503	2,197	2,354	1,706	1,802	2,952	2,061	1,736	3,412	4,059	4,108	2,582	3,381	4,288	3,190	2,499	2,722	3,518	2,768	2,209	655	2,337	2,170	1,768	1,737	3,008	3,532	2,357	901	2,249	1,014	882	455	-20	1,915	828	1,407	1,452
Net income
6,196	9,326	9,279	7,015	7,259	10,859	9,239	6,741	4,397	9,030	7,239	4,872	6,470	7,834	5,695	4,575	5,123	6,394	5,099	4,043	3,811	4,074	3,024	3,276	2,059	5,520	6,120	4,262	1,339	4,137	1,792	1,641	567	11	3,558	1,539	2,665	2,660
Earnings per share of common stock
Basic (in dollars per share)
0.34	0.52	0.52	0.39	0.40	0.61	0.52	0.38	0.25	0.51	0.41	0.28	0.37	0.45	0.33	0.27	0.30	0.38	0.30	0.24	0.23	0.24	0.18	0.20	0.12	0.34	0.38	0.26	0.08	0.26	0.11	0.10	0.03	0.00	0.22	0.10	0.17	0.16
Diluted (in dollars per share)
0.32	0.50	0.50	0.38	0.39	0.58	0.50	0.36	0.23	0.49	0.40	0.27	0.36	0.45	0.32	0.26	0.29	0.37	0.29	0.24	0.22	0.24	0.18	0.19	0.11	0.32	0.37	0.26	0.09	0.25	0.11	0.10	0.04	0.00	0.22	0.09	0.17	0.16
Weighted average number of common shares and potential common shares outstanding
Basic (in shares)
18,110	18,056	17,997	17,937	17,907	17,886	17,821	17,770	17,720	17,616	17,527	17,477	17,412	17,338	17,259	17,211	17,098	16,979	16,894	16,821	16,812	16,800	16,788	16,536	16,480	16,389	16,192	16,147	16,141	16,141	16,139	16,138	16,138	16,138	16,138	16,138	16,132	16,129
Diluted (in shares)
18,742	18,709	18,666	18,619	18,386	18,631	18,569	18,710	18,841	18,398	18,208	18,021	17,817	17,720	17,579	17,540	17,497	17,343	17,302	17,198	17,049	17,016	17,104	17,259	17,619	17,180	16,702	16,275	16,242	16,234	16,249	16,274	16,244	16,234	16,223	16,222	16,209	16,220
Casino
Gross revenues
32,029	34,169	32,836	28,976	31,253	33,504	31,142	29,945	43,378	48,574	45,323	41,310	43,248	43,882	41,999	39,732	39,459	41,394	38,551	37,439	35,324	37,512	36,264	36,034	35,091	38,038	39,792	36,995	33,019	36,948	33,452	25,409	18,983	24,147	26,076	23,212	26,039	25,020
Operating expenses
11,428	11,674	11,337	10,820	10,784	11,455	10,856	10,696	18,180	19,097	18,060	17,680	17,080	17,684	17,435	17,330	16,493	16,913	16,228	16,336	15,701	15,743	15,117	15,022	15,016	15,201	14,923	14,506	14,778	14,786	13,632	10,133	10,705	9,573	9,589	9,476	9,822	9,525
Food and beverage
Gross revenues
18,552	18,341	17,993	17,692	18,261	18,472	17,541	16,938	16,022	16,342	15,562	15,490	15,688	15,621	15,546	13,414	14,697	14,725	13,975	13,103	13,271	13,573	13,205	12,265	12,466	12,791	12,494	11,891	11,259	12,332	11,788	10,585	9,680	11,071	10,933	10,092	10,595	10,369
Operating expenses
14,482	14,566	14,321	13,998	14,012	13,700	13,196	13,094	6,266	6,699	6,510	6,252	6,284	6,152	6,411	5,780	5,734	5,772	5,524	5,219	5,629	5,267	5,543	4,971	5,075	5,163	4,995	4,844	4,500	4,639	4,620	4,725	3,885	5,228	4,903	4,688	4,955	4,656
Hotel
Gross revenues
8,030	9,878	8,809	8,505	6,870	9,167	8,097	6,363	5,580	7,316	6,248	5,640	5,336	6,901	6,034	5,103	5,418	6,646	5,828	4,737	4,719	6,339	6,031	4,644	4,396	6,603	6,369	5,311	4,352	6,174	5,305	4,368	4,611	6,332	5,490	5,004	6,361	5,931
Operating expenses
3,109	3,437	3,447	3,130	3,189	3,315	3,056	3,499	2,128	2,735	2,249	2,208	1,793	1,958	1,866	1,614	1,918	1,674	1,676	1,519	1,319	1,589	1,700	1,384	1,306	1,802	1,729	1,404	1,257	1,478	1,546	1,295	1,272	1,554	1,568	1,428	1,570	1,617
Other
Gross revenues
3,469	3,197	3,123	3,567	3,395	3,216	3,129	3,022	3,428	3,191	3,070	2,778	3,250	2,891	2,828	2,671	3,207	2,723	2,668	2,600	2,907	2,553	2,455	2,479	2,589	2,446	2,315	2,330	2,305	2,306	2,245	2,137	2,197	1,997	1,930	1,899	2,075	1,855
Operating expenses
1,630	1,699	1,634	1,580	1,525	1,571	1,565	1,545	1,008	1,126	1,022	985	933	975	988	959	1,014	901	1,114	934	891	867	912	875	878	817	813	752	724	784	765	726	714	723	719	733	745	765