MONARCH CASINO & RESORT INC MCRI Income Statement

Monarch casino & resort inc (MCRI)

Income statement / TTM

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
249,166	246,865	245,639	242,787	240,315	248,944	260,008	270,302	279,252	278,366	272,238	268,442	264,144	259,403	255,596	250,211	247,170	240,610	235,099	232,032	229,575	227,896	227,797	230,812	231,917	228,311	226,195	218,016	203,991	188,527	174,315	165,954	163,662	173,262	172,890	0	0	0
Less promotional allowances
-	-	-	-	-	-	-	-	48,526	48,100	47,890	47,745	47,112	46,482	46,208	45,388	44,925	43,991	43,459	42,602	41,808	41,484	40,993	42,160	43,168	44,131	44,976	43,977	40,689	37,251	32,892	29,843	29,133	28,962	28,609	0	0	0
Net revenues
-	-	-	-	-	-	-	-	230,726	230,266	224,348	220,697	217,032	212,921	209,388	204,823	202,245	196,619	191,640	189,430	187,767	186,412	186,804	188,652	188,749	184,179	181,218	174,038	163,302	151,276	141,422	136,111	134,529	144,300	144,281	0	0	0
Operating expenses
Selling, general and administrative
69,312	68,515	67,423	67,069	65,802	64,732	64,337	63,265	62,719	61,721	59,762	59,218	57,730	56,660	56,570	55,351	54,779	53,377	52,472	52,335	52,987	53,679	53,753	53,216	52,256	49,872	48,713	48,705	48,120	42,946	42,259	40,898	40,120	46,638	46,880	0	0	0
Depreciation and amortization
14,875	14,520	14,485	14,528	14,617	14,816	14,887	14,918	15,132	15,098	15,020	15,041	14,835	14,910	15,184	15,502	15,933	16,477	16,739	17,261	17,824	17,570	16,939	16,689	16,638	16,940	18,038	17,918	16,651	15,516	14,184	13,360	13,379	13,539	13,439	0	0	0
Pre-opening expenses
-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction litigation expenses
-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of assets
-	-	-	-	-	0	0	-	-	-13	-18	-639	-677	-697	-692	-83	-9	-229	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Colorado ballot initiative costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building demolition expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,156	2,592	0	0	-	0	-	-	-	-
Total operating expenses
209,591	205,927	202,358	199,797	197,489	194,690	193,974	192,083	190,060	187,545	182,625	181,582	178,484	176,578	175,248	171,580	169,690	167,297	165,701	166,071	165,548	164,784	162,903	160,051	158,294	155,019	154,119	153,723	147,319	136,868	133,741	126,145	124,759	131,416	127,087	0	0	0
Income from operations
39,575	40,938	43,281	42,990	42,826	41,902	41,286	41,497	40,666	42,721	41,723	39,115	38,548	36,343	34,140	33,243	32,555	29,322	25,939	23,359	22,219	21,628	23,901	28,601	30,455	29,160	27,099	20,315	15,983	14,408	7,681	9,966	9,770	12,883	17,194	0	0	0
Other income (expense)
Interest income (expense), net of amounts capitalized
-	-	-	-	177	505	611	775	967	980	949	803	616	417	424	545	679	825	943	1,036	1,104	1,183	1,339	1,581	1,860	2,120	2,200	2,261	2,024	1,667	1,336	954	914	977	1,183	0	0	0
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total other expense
-	-	-	-	-177	-505	-611	-775	-967	-980	-949	-803	-616	-417	-424	-545	-679	-825	-943	-1,036	-1,104	-1,183	-1,339	-1,581	-1,860	-2,120	-2,200	-2,261	-2,024	-1,556	-1,260	0	-	0	0	-	-	0
Income before income taxes
39,576	40,938	43,226	42,893	42,649	41,397	40,675	40,722	39,699	41,741	40,774	38,312	37,932	35,926	33,716	32,698	31,876	28,497	24,996	22,323	21,115	20,445	22,562	27,020	28,595	27,040	24,898	18,054	13,959	12,740	6,345	9,011	8,855	11,906	16,027	0	0	0
Provision for income taxes
7,760	8,059	8,814	8,521	8,551	10,161	11,268	13,315	14,161	14,130	14,359	13,441	13,358	12,699	11,929	11,507	11,217	9,150	7,969	7,371	6,930	8,012	8,683	10,045	10,634	9,798	9,040	6,522	5,048	4,602	2,332	3,233	3,180	4,131	5,603	0	0	0
Net income
31,816	32,879	34,412	34,372	34,098	31,236	29,407	27,407	25,538	27,611	26,415	24,871	24,574	23,227	21,787	21,191	20,659	19,347	17,027	14,952	14,185	12,433	13,879	16,975	17,961	17,241	15,858	11,531	8,911	8,138	4,012	5,778	5,675	7,774	10,423	0	0	0
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
128,010	127,234	126,569	124,875	125,844	137,969	153,039	167,220	178,585	178,455	173,763	170,439	168,861	165,072	162,584	159,136	156,843	152,708	148,826	146,539	145,134	144,901	145,427	148,955	149,916	147,844	146,755	140,416	128,831	114,794	101,992	94,616	92,419	99,476	100,350	0	0	0
Operating expenses
45,259	44,615	44,396	43,915	43,791	51,187	58,829	66,033	73,017	71,917	70,504	69,879	69,529	68,942	68,171	66,964	65,970	65,178	64,008	62,897	61,583	60,898	60,356	60,162	59,646	59,408	58,994	57,703	53,331	49,258	44,045	40,002	39,345	38,462	38,414	0	0	0
Food and beverage
Gross revenues
72,578	72,287	72,418	71,966	71,212	68,973	66,843	64,864	63,416	63,082	62,361	62,345	60,269	59,278	58,382	56,811	56,500	55,074	53,922	53,152	52,314	51,509	50,727	50,016	49,642	48,435	47,976	47,271	45,966	44,387	43,126	42,271	41,778	42,693	41,991	0	0	0
Operating expenses
57,367	56,897	56,031	54,906	54,002	46,256	39,255	32,569	25,727	25,745	25,198	25,099	24,627	24,077	23,697	22,810	22,249	22,144	21,639	21,658	21,410	20,856	20,752	20,204	20,077	19,502	18,979	18,605	18,487	17,871	18,459	18,742	18,705	19,775	19,203	0	0	0
Hotel
Gross revenues
35,222	34,062	33,351	32,639	30,497	29,207	27,356	25,507	24,784	24,540	24,125	23,911	23,374	23,456	23,201	22,995	22,629	21,930	21,623	21,826	21,733	21,410	21,674	22,012	22,679	22,635	22,206	21,142	20,200	20,459	20,617	20,803	21,438	23,189	22,787	0	0	0
Operating expenses
13,123	13,203	13,081	12,690	13,059	11,998	11,418	10,611	9,320	8,985	8,208	7,825	7,231	7,356	7,072	6,882	6,787	6,188	6,103	6,127	5,992	5,979	6,192	6,221	6,241	6,192	5,869	5,686	5,578	5,593	5,668	5,690	5,824	6,122	6,185	0	0	0
Other
Gross revenues
13,356	13,282	13,301	13,307	12,762	12,795	12,770	12,711	12,467	12,289	11,989	11,747	11,640	11,597	11,429	11,269	11,198	10,898	10,728	10,515	10,394	10,076	9,969	9,829	9,680	9,396	9,256	9,186	8,994	8,886	8,578	8,263	8,025	7,903	7,761	0	0	0
Operating expenses
6,543	6,438	6,310	6,241	6,206	5,689	5,244	4,701	4,141	4,066	3,915	3,881	3,855	3,936	3,862	3,988	3,963	3,840	3,806	3,604	3,545	3,532	3,482	3,383	3,260	3,106	3,073	3,026	3,001	2,990	2,930	2,883	2,891	2,922	2,964	0	0	0