Empire resorts inc (NYNY)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Gross revenues

-

-

-

-

-

-

-

-

20,332

18,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Promotional allowances

-

-

-

-

-

-

-

-

1,619

1,101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net revenues

69,540

60,074

57,614

51,016

60,564

49,624

33,641

-

18,713

17,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gaming

-

-

-

-

-

-

-

-

-

-

12,893

-

16,423

15,362

14,522

14,709

17,408

16,141

12,205

13,945

16,683

15,741

13,462

14,202

17,844

16,971

14,625

14,768

17,593

16,427

14,614

14,708

17,661

16,146

12,873

16,524

15,091

Racing

-

-

-

-

-

-

-

-

-

-

1,486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and beverage

-

-

-

-

-

-

-

-

-

-

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Room

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food, beverage, racing and other

-

-

-

-

-

-

-

-

-

-

-

-

2,768

2,698

2,751

2,614

3,068

2,931

2,558

2,679

2,927

1,956

2,121

2,938

3,557

3,336

2,945

2,794

3,096

3,296

3,034

3,091

3,347

2,877

2,319

3,648

3,240

Gross revenues

-

-

-

-

-

-

-

-

-

-

15,121

-

19,191

18,060

17,273

17,323

20,476

19,072

14,763

16,624

19,610

17,697

15,583

17,140

21,401

20,307

17,570

17,562

20,689

19,723

17,648

17,799

21,008

19,023

15,192

20,172

18,331

Less: Promotional allowances

-

-

-

-

-

-

-

-

-

-

352

-

661

655

1,068

1,046

964

1,220

238

997

837

1,478

976

1,609

1,723

1,386

739

1,450

969

864

366

1,140

946

457

283

689

749

Net revenues

-

-

-

-

-

-

-

-

-

-

14,769

-

18,530

17,405

16,205

16,277

19,512

17,852

14,525

15,627

18,773

16,219

14,607

15,531

19,678

18,921

16,831

16,112

19,720

18,859

17,282

16,659

20,062

18,566

14,909

19,483

17,582

Operating costs and expenses:
Gaming

-

-

-

-

-

-

-

-

-

-

9,860

-

11,814

11,292

10,801

10,847

12,403

11,705

9,570

10,289

12,158

11,726

9,987

10,956

12,943

12,243

10,987

10,618

12,536

11,776

10,770

10,779

12,344

11,498

9,876

11,740

11,229

Racing

-

-

-

-

-

-

-

-

-

-

1,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and beverage

-

-

-

-

-

-

-

-

-

-

989

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Room

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food, beverage, racing and other

-

-

-

-

-

-

-

-

-

-

-

-

2,572

2,504

2,597

2,583

2,710

2,634

2,566

2,653

2,851

2,185

2,297

3,029

2,940

2,795

2,706

2,720

2,744

2,746

2,749

2,561

2,815

2,624

2,388

3,031

2,744

Selling, general and administrative

24,515

21,965

18,093

18,397

19,556

17,268

13,297

4,351

4,730

5,125

4,292

7,071

5,244

6,502

3,597

3,731

3,030

3,046

2,841

3,456

2,686

2,911

2,546

2,722

2,958

4,235

2,819

3,764

3,028

3,372

2,731

3,460

3,179

2,808

2,087

3,006

2,474

Development Projects

151

86

17

490

452

537

11,095

7,677

5,196

4,416

4,269

3,587

3,159

3,157

3,067

9,688

13,396

7,007

2,423

1,433

2,933

6,270

1,571

-

815

0

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

10,249

10,580

9,975

-

9,441

9,382

5,708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of gaming license

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

800

662

571

205

121

119

151

207

144

136

149

169

65

70

81

141

155

166

185

234

302

319

360

301

912

Depreciation

-

-

-

-

-

-

-

402

390

389

336

300

329

335

336

338

338

341

333

328

321

335

340

381

346

330

343

344

346

344

346

344

333

327

321

307

305

Total operating costs and expenses

79,196

79,942

76,244

76,146

78,285

71,849

57,629

25,070

25,557

24,016

21,125

21,798

23,918

24,452

20,969

27,392

31,998

24,852

17,884

18,366

21,093

23,563

16,890

34,405

20,067

19,673

16,936

17,587

18,809

18,404

16,781

17,378

18,973

17,576

15,032

18,385

17,664

Loss from operations

-9,656

-19,868

-18,630

-25,130

-17,721

-22,225

-23,988

-9,887

-6,844

-6,830

-6,356

-6,484

-5,388

-7,047

-4,764

-11,115

-12,486

-7,000

-3,359

-2,739

-2,320

-7,344

-2,283

-18,874

-389

-752

-105

-1,475

911

455

501

-719

1,089

990

-123

1,098

-82

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-2

-2

-411

-

-647

-644

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Interest expense

16,717

17,231

17,269

16,450

15,932

15,057

2,396

2,723

4,833

6,164

5,549

-

-

-

-

-

-

-

679

646

2,506

2,933

3,043

-

-

-

-

-

-

-

-

223

223

342

437

1,939

1,300

Other income (expense)

-224

816

-1,882

-

-345

132

-225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

198

193

206

238

106

153

376

505

805

1,078

454

4

2

4

0

-

-

-

-

-

-

-

-

-

-

-

-

-

1

3

-

1

1

2

2

5

8

Legal settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7,118

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

18

18

18

-

12

-

-

-

-

-

-

102

102

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

6

6

9

24

22

22

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-26,399

-36,090

-37,575

-41,465

-33,892

-36,997

-26,233

-12,105

-10,872

-11,916

-11,451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,827

614

240

276

-941

867

650

-558

-

-

Income tax provision

0

0

0

-

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10

0

6

42

0

0

0

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

336

329

331

-

286

218

225

-

-

-

-

-

-

Net loss

-26,399

-36,090

-37,575

-41,574

-33,892

-36,997

-26,233

-12,105

-10,872

-11,916

-11,451

-6,587

-5,388

-7,045

-5,177

-11,774

-13,139

-7,650

-4,047

-3,416

-4,848

-10,299

-5,349

-19,246

-743

-1,099

-454

-1,827

604

240

270

-983

867

650

-558

-938

-8,594

Dividends on Series B Preferred Stock

32

32

32

32

32

32

32

32

32

32

32

52

32

42

42

42

42

47

47

47

47

47

47

46

47

5,027

388

387

388

388

388

387

388

388

388

388

388

Net loss applicable to common stockholders

-26,431

-36,122

-37,607

-41,606

-33,924

-37,029

-26,265

-12,137

-10,904

-11,948

-11,483

-6,639

-5,420

-7,087

-5,219

-11,816

-13,181

-7,697

-4,094

-3,463

-4,895

-10,346

-5,396

-19,292

-790

-6,126

-842

-2,214

216

-148

-118

-1,370

479

262

-946

-1,326

-8,982

Weighted average common shares outstanding, basic (shares)

34,416

34,396

34,402

33,638

32,689

32,663

32,538

30,919

30,973

31,029

31,003

30,800

30,928

31,031

20,125

10,846

10,878

10,840

10,432

-77,286

39,372

38,376

36,682

-65,112

36,181

32,873

30,062

-

30,116

-

-

-

29,864

26,295

-

69,479

69,479

Weighted average common shares outstanding, diluted (shares)

34,416

34,396

34,402

33,638

32,689

32,663

32,538

30,919

30,973

31,029

31,003

30,800

30,928

31,031

20,125

10,846

10,878

10,840

10,432

-77,286

39,372

38,376

36,682

-65,112

36,181

32,873

30,062

-

30,286

-

-

-

29,881

38,318

-

69,479

69,479

Loss per common share, basic (usd per share)

-0.77

-1.05

-1.09

-1.24

-1.04

-1.13

-0.81

-0.39

-0.35

-0.39

-0.37

-0.19

-0.18

-0.23

-0.26

-1.11

-1.21

-0.71

-0.39

-2.06

-0.12

-0.27

-0.15

-2.94

-0.02

-0.19

-0.03

-

0.01

-

-

-

0.02

0.01

-

-0.02

-

Loss per common share, diluted (usd per share)

-0.77

-1.05

-1.09

-1.24

-1.04

-1.13

-0.81

-0.39

-0.35

-0.39

-0.37

-0.19

-0.18

-0.23

-0.26

-1.11

-1.21

-0.71

-0.39

-2.06

-0.12

-0.27

-0.15

-2.94

-0.02

-0.19

-0.03

-

0.01

-

-

-

0.02

0.01

-

-0.02

-

Unrealized (loss) gain on Interest Rate Cap

-38

123

35

-130

39

72

115

174

-99

-299

-91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-26,437

-35,967

-37,540

-41,704

-33,853

-36,925

-26,118

-11,931

-10,971

-12,215

-11,542

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average common shares Outstanding, Basic and Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,023

29,934

-

-

-

23,187

-

-

(loss) income per common share, basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

-

-

-

-0.04

-

-0.13

Gaming
Gross revenues

55,264

45,862

44,622

39,559

48,032

40,309

28,646

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods and services sold

32,003

34,514

35,333

34,006

36,382

34,462

21,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Racing
Gross revenues

1,229

1,236

1,263

1,409

1,368

1,194

1,364

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods and services sold

2,877

2,876

2,197

2,101

2,223

2,017

1,708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Food and beverage
Gross revenues

7,351

7,646

7,614

6,520

6,417

4,547

2,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods and services sold

6,828

7,326

8,121

8,330

7,526

6,031

3,566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Room
Gross revenues

3,724

2,923

2,490

2,061

2,826

1,774

684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of goods and services sold

2,552

2,587

2,492

2,539

2,662

2,103

857

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Gross revenues

1,972

2,407

1,625

1,467

1,921

1,800

375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

21

8

16

37

43

49

62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-