Pinnacle entertainment, inc. (PNK)
Income statement / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Gaming
Food and beverage
Lodging
Retail, entertainment and other
Revenues:
Revenues

647,634

-

-

-

653,642

-

-

-

-

-

-

-

-

-

Gaming

-

499,263

-

575,290

-

574,169

571,390

530,097

505,698

520,841

500,919

513,680

519,326

514,347

Food and beverage

-

69,667

-

33,608

-

33,255

33,026

32,160

29,746

31,995

30,551

31,764

31,430

32,030

Lodging

-

37,819

-

14,562

-

11,987

11,874

14,490

13,134

11,247

11,473

14,860

13,133

11,495

Retail, entertainment and other

-

21,646

-

23,943

-

20,563

21,134

18,427

17,654

15,942

15,476

18,326

18,071

14,967

Total revenues

-

628,395

-

647,403

-

639,974

637,424

595,174

566,232

580,025

558,418

578,630

582,000

572,800

Expenses and other costs:
Gaming

-

258,763

-

309,976

-

313,239

313,770

288,389

266,659

267,133

271,200

276,758

281,960

264,885

Food and beverage

-

62,724

-

31,895

-

31,414

31,524

31,175

28,182

29,910

29,487

30,685

28,984

29,167

Lodging

-

14,346

-

6,817

-

6,062

6,219

6,893

6,175

5,608

5,593

7,277

6,343

5,788

Retail, entertainment and other

-

10,431

-

11,198

-

8,292

9,184

7,899

6,887

4,513

6,392

8,794

8,150

5,090

General and administrative

115,316

112,534

111,184

117,067

114,659

112,615

113,923

108,999

127,006

104,862

107,274

109,414

107,086

102,290

Depreciation and amortization

49,625

50,039

50,725

54,125

56,157

56,018

55,943

54,354

53,973

54,096

55,235

57,584

61,900

67,831

Pre-opening, development and other costs

705

1,820

6,481

403

1,795

799

1,029

5,594

44,028

5,329

-

-

-

-

Pre-opening, development and other costs

-

-

-

-

-

-

-

-

-

-

-

4,037

6,100

1,600

Impairment of goodwill

-

-

-

0

-

-

-

-11,600

332,900

-

-

1,438

3,319

-

Impairment of other intangible assets

-

-

-

0

-

-

-

0

129,500

-

-

879

5,000

-

Write-downs, reserves and recoveries, net

2,597

2,401

3,106

4,192

7,928

524

3,137

6,190

4,750

2,890

6,719

847

-8,000

3,100

Total expenses and other costs

527,685

513,058

521,403

535,673

547,189

528,963

552,886

497,893

1,000,060

474,341

512,454

497,713

500,753

479,762

Operating income

119,949

115,337

99,426

111,730

106,453

111,011

84,538

97,281

-433,828

105,684

45,965

80,917

81,207

93,077

Interest expense, net

101,129

92,353

94,270

95,851

96,630

94,108

95,177

94,276

85,047

59,793

58,281

65,027

60,000

61,100

Loss on early extinguishment of debt

-

-

-

-516

-

-

-

0

-5,207

-

-

0

0

-

Loss from equity method investment

-89

-

-

0

-90

-

-

0

-90

-

17

0

0

-100

Income before income taxes

18,731

22,984

5,156

15,363

9,733

16,903

-10,639

3,005

-524,172

45,891

-12,338

15,890

21,212

31,911

Income tax benefit (expense)

-3,035

1,190

-17,028

1,423

1,307

-305

-1,600

3,537

-34,970

4,998

1,887

2,422

5,419

4,832

Income (loss) from continuing operations

-

-

-

13,940

-

-

-9,039

-532

-489,202

40,893

-14,225

13,468

15,793

27,079

Income from discontinued operations, net of income taxes

-

-

-

0

-

-

0

37

271

125

306

272

4,699

217

Net income

21,766

21,794

22,184

13,940

8,426

17,208

-9,039

-495

-488,931

41,018

-13,919

13,740

20,492

27,296

Less: net loss attributable to non-controlling interest

-131

-149

-193

-193

-951

-9

-13

-9

-7

-8

-7

-9

-1,252

-10

Net income attributable to Pinnacle Entertainment, Inc.

21,897

21,943

22,377

14,133

9,377

17,217

-9,026

-486

-488,924

41,026

-13,912

13,749

21,744

27,306

Net income per common share:
Income (loss) from continuing operations (in dollars per share)

-

-

-

0.25

-

-

-0.42

-0.01

-8.04

0.67

-0.24

0.22

0.28

0.45

Income from discontinued operations, net of income taxes (in dollars per share)

-

-

-

0.00

-

-

0.01

0.00

0.00

0.00

0.01

0.00

0.08

0.00

Basic (in dollars per share)

0.38

0.39

0.39

0.25

0.17

0.31

-0.41

-0.01

-8.04

0.67

-0.23

0.22

0.36

0.45

Income (loss) from continuing operations (in dollars per share)

-

-

-

0.23

-

-

-0.40

-0.01

-8.04

0.65

-0.25

0.22

0.27

0.44

Income from discontinued operations, net of income taxes (in dollars per share)

-

-

-

0.00

-

-

0.01

0.00

0.00

0.00

0.02

0.00

0.07

0.00

Diluted (in dollars per share)

0.35

0.35

0.36

0.23

0.15

0.28

-0.39

-0.01

-8.04

0.65

-0.23

0.22

0.34

0.44

Weighted average common shares outstanding:
Basic (in shares)

57,543

56,901

56,648

56,799

56,648

55,977

55,807

57,004

60,791

61,362

61,449

61,187

60,976

60,508

Diluted (in shares)

62,266

62,245

62,996

61,880

61,884

60,884

53,598

57,004

60,791

63,571

63,942

63,591

63,355

62,396