| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING REVENUES | |||||||||
Casino | |||||||||
4,937 | 4,176 | 3,767 | 4,654 | 4,941 | 3,934 | 3,679 | 2,550 | 1,304 | 1,405 |
Rooms | |||||||||
271 | 265 | 199 | 136 | 127 | 118 | 103 | 83 | 41 | 17 |
Food and beverage | |||||||||
184 | 177 | 126 | 84 | 78 | 72 | 61 | 56 | 28 | 16 |
Entertainment, retail and other | |||||||||
203 | 197 | 117 | 108 | 103 | 90 | 86 | 32 | 11 | 5 |
Gross revenues | |||||||||
5,597 | 4,816 | 4,211 | 4,983 | 5,251 | 4,216 | 3,930 | 2,723 | 1,385 | 1,444 |
Less: promotional allowances | |||||||||
313 | 297 | 236 | 181 | 164 | 138 | 99 | 81 | 53 | 28 |
Net revenues | |||||||||
5,284 | 4,519 | 3,974 | 4,802 | 5,087 | 4,078 | 3,830 | 2,641 | 1,332 | 1,416 |
OPERATING COSTS AND EXPENSES | |||||||||
Casino | |||||||||
3,374 | 2,904 | 2,654 | 3,246 | 3,452 | 2,834 | 2,698 | 1,949 | 1,130 | 1,159 |
Rooms | |||||||||
32 | 33 | 23 | 12 | 12 | 14 | 18 | 16 | 6 | 1 |
Food and beverage | |||||||||
57 | 65 | 43 | 23 | 29 | 27 | 34 | 32 | 16 | 12 |
Entertainment, retail and other | |||||||||
88 | 109 | 77 | 62 | 64 | 62 | 58 | 19 | 4 | 1 |
General and administrative | |||||||||
467 | 446 | 383 | 311 | 255 | 226 | 220 | 199 | 130 | 90 |
Payments to the Philippine Parties | |||||||||
51 | 34 | 16 | 0 | 0 | 0 | - | - | - | - |
Pre-opening costs | |||||||||
2 | 3 | 168 | 93 | 17 | 5 | 2 | 18 | 91 | 21 |
Development costs | |||||||||
31 | 0 | 0 | 10 | 26 | 11 | 1 | - | - | - |
Amortization of gaming subconcession | |||||||||
57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 | 57 |
Amortization of land use rights | |||||||||
22 | 22 | 54 | 64 | 64 | 59 | 34 | 19 | 18 | 18 |
Depreciation and amortization | |||||||||
460 | 472 | 359 | 246 | 261 | 261 | 259 | 236 | 141 | 51 |
Property charges and other | |||||||||
31 | 5 | 38 | 8 | 6 | 8 | 1 | 0 | 7 | 0 |
Gain on disposal of assets held for sale | |||||||||
- | - | - | 22 | 0 | 0 | - | - | - | - |
Total operating costs and expenses | |||||||||
4,677 | 4,156 | 3,876 | 4,116 | 4,247 | 3,570 | 3,385 | 2,549 | 1,604 | 1,414 |
OPERATING INCOME | |||||||||
607 | 363 | 98 | 685 | 839 | 507 | 445 | 92 | -272 | 1 |
NON-OPERATING INCOME (EXPENSES) | |||||||||
Interest income | |||||||||
3 | 5 | 13 | 20 | 7 | 10 | 4 | 0 | 0 | 8 |
Interest expenses, net of capitalized interest | |||||||||
229 | 223 | 118 | 124 | 152 | 109 | 113 | 93 | 31 | - |
Amortization of deferred financing costs | |||||||||
26 | 48 | 38 | 28 | - | - | - | - | - | - |
Reclassification of accumulated losses of interest rate swap agreements from accumulated other comprehensive losses (Note 12) | |||||||||
- | - | - | - | - | - | 4 | - | - | - |
Change in fair value of interest rate swap agreements | |||||||||
- | - | - | - | 0 | 0 | 3 | - | - | - |
Amortization of deferred financing costs | |||||||||
- | - | - | - | 18 | 13 | 14 | 14 | 5 | 0 |
Loan commitment and other finance fees | |||||||||
6 | 7 | 7 | 18 | 25 | 1 | 1 | -3 | 2 | 14 |
Foreign exchange gains (losses), net | |||||||||
12 | 7 | -2 | -6 | -10 | 4 | -1 | 3 | 0 | 1 |
Other income, net | |||||||||
5 | 3 | 2 | 2 | 1 | 0 | 3 | 1 | 2 | 0 |
Listing expenses | |||||||||
- | - | - | - | - | - | 8 | - | - | - |
Loss on extinguishment of debt | |||||||||
-49 | -17 | -0 | 0 | -50 | 0 | -25 | - | - | - |
Costs associated with debt modification | |||||||||
2 | 8 | 7 | 0 | 10 | 3 | 0 | 3 | - | - |
Total non-operating expenses, net | |||||||||
-292 | -288 | -158 | -154 | -259 | -111 | -157 | -102 | - | - |
INCOME (LOSS) BEFORE INCOME TAX | |||||||||
315 | 75 | -59 | 530 | 580 | 395 | 287 | -9 | -308 | -3 |
Total non-operating expenses | |||||||||
- | - | - | - | - | - | - | - | -36 | 5 |
INCOME TAX CREDIT (EXPENSE) | |||||||||
-0 | 8 | 1 | 3 | 2 | -2 | -1 | 0 | -0 | -1 |
NET INCOME (LOSS) | |||||||||
315 | 66 | -60 | 527 | 578 | 398 | 288 | -10 | -308 | -2 |
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | |||||||||
-31 | -108 | -166 | -80 | -59 | -18 | -5 | - | - | - |
NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED | |||||||||
347 | 175 | 105 | 608 | 637 | 417 | 294 | -10 | -308 | - |
NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED PER SHARE: | |||||||||
Basic | |||||||||
0.23 | 0.11 | 0.06 | 0.36 | 0.38 | 0.25 | 0.18 | -0.00 | -0.21 | -0.00 |
Diluted | |||||||||
0.23 | 0.11 | 0.06 | 0.36 | 0.38 | 0.25 | 0.18 | -0.00 | -0.21 | -0.00 |
WEIGHTED AVERAGE SHARES OUTSTANDING USED IN NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED PER SHARE CALCULATION: | |||||||||
Basic | |||||||||
1,467 | 1,516 | 1,617 | 1,647 | 1,649 | 1,645 | 1,604 | 1,595 | 1,465 | 1,320 |
Diluted | |||||||||
1,479 | 1,525 | 1,627 | 1,660 | 1,664 | 1,658 | 1,616 | 1,595 | 1,465 | 1,320 |