Red rock resorts, inc. (RRR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15Jun'15
Operating revenues:
Revenues

377,388

460,786

465,858

482,868

447,022

431,471

412,332

416,188

421,039

400,310

405,948

410,143

425,738

417,887

347,140

351,486

359,247

323,597

337,818

Gross revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

373,492

378,343

384,606

348,836

363,454

Promotional allowances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,352

26,857

25,359

25,239

25,636

Operating costs and expenses:
Selling, general and administrative

101,273

98,932

107,756

110,602

99,065

92,952

104,360

98,071

95,109

92,215

98,840

95,214

94,661

89,332

82,739

80,152

75,090

85,323

90,269

Preopening

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

373

348

707

286

Depreciation, Depletion and Amortization

58,534

57,598

57,925

55,835

50,853

46,864

44,235

45,992

43,164

43,496

42,661

46,807

45,253

42,565

36,240

38,436

39,427

32,893

35,810

Write-downs and other charges, net

8,807

15,455

34,094

8,846

23,728

13,580

6,439

10,786

3,845

3,653

15,239

9,638

1,054

9,878

1,379

10,966

2,368

5,053

-622

Tax receivable agreement liability adjustment

-

-

97

0

-

263

0

73,502

16,873

139,070

-214

444

0

-

-

-

-

-

-

Related Party Lease Termination

-

-

-

-

-

-

-

-

-

-

1,950

98,393

-

-

0

0

-

-

-

Asset impairment

-

-

-

-

-

-

-

-

-

-

1,829

-

-

-

0

-

-

100

2,001

Costs and Expenses

374,682

400,654

451,615

437,387

380,877

359,513

357,714

278,397

313,198

187,459

349,391

440,963

333,045

345,361

273,791

281,612

265,285

266,781

273,473

Operating income

2,706

60,132

14,243

45,481

66,145

71,958

54,618

137,791

107,841

212,851

56,557

-30,820

92,693

72,526

73,349

69,874

93,962

56,816

64,345

Income (Loss) from Equity Method Investments

202

447

455

521

505

579

499

499

608

390

407

420

415

527

346

428

612

253

407

Operating income and earnings from joint ventures

2,908

60,579

14,698

46,002

66,650

72,537

55,117

138,290

108,449

213,241

56,964

-30,400

93,108

73,053

73,695

70,302

94,574

57,069

64,752

Other expense:
Interest Expense

36,058

37,743

40,517

40,981

37,438

46,800

33,590

31,598

31,111

31,315

31,330

33,853

34,944

35,768

35,275

34,078

35,068

36,053

36,515

Gain (Loss) on Extinguishment of Debt

-11,411

-19,637

0

0

-302

0

0

0

0

-13,355

-558

-975

-2,019

0

-186

-7,084

0

0

-90

Gain (Loss) on Derivative Instruments, Net, Pretax

-20,010

1,868

-1,739

-12,958

-6,638

-14,938

4,229

7,321

15,803

11,053

-310

3,330

39

0

0

90

-3

0

-1

Other

44

81

82

83

69

67

66

66

155

99

86

86

86

-

-

-

-

-

-

Total other expense

-67,523

-55,593

-42,338

-54,022

-44,447

-61,805

-29,427

-24,343

-15,463

-33,716

-32,284

-31,584

-37,010

-35,813

-35,461

-41,072

-35,071

-36,053

-36,606

(Loss) income before income tax

-64,615

4,986

-27,640

-8,020

22,203

10,732

25,690

113,947

92,986

179,525

24,680

-61,984

56,098

37,240

38,234

29,230

59,503

21,016

28,146

Income Tax Expense (Benefit)

113,185

-1,858

-842

-953

1,919

-2,449

623

14,845

10,856

133,556

2,364

-11,813

10,679

-4,049

4,790

7,502

0

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,016

28,146

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

-33

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-177,800

6,844

-26,798

-7,067

20,284

13,181

25,067

99,102

82,130

45,969

22,316

-50,171

45,419

41,289

33,444

21,728

59,503

21,010

28,113

Net Income (Loss) Attributable to Noncontrolling Interest

-25,601

2,015

-11,141

-3,221

8,961

4,235

10,387

16,367

30,950

16,497

10,531

-24,437

25,519

20,901

25,172

16,075

1,864

1,948

2,323

Net Income (Loss) Attributable to Parent

-152,199

4,829

-15,657

-3,846

11,323

8,946

14,680

82,735

51,180

29,472

11,785

-25,734

19,900

20,388

8,272

5,653

57,639

19,062

25,790

Earnings Per Share [Abstract]
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic and Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

(Loss) earnings per share of Class A common stock, basic (in dollars per share)

-2.18

0.07

-0.22

-0.06

0.16

0.13

0.21

1.20

0.74

0.44

0.17

-0.38

0.30

-

0.20

-

-

-

0.29

(Loss) earnings per share of Class A common stock, diluted (in dollars per share)

-2.18

0.07

-0.22

-0.06

0.16

0.10

0.20

0.82

0.65

0.34

0.16

-0.38

0.30

-

0.20

-

-

-

0.29

Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Earnings per share from continuing operations, basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

-

(Loss) earnings per share of Class A common stock, basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.64

0.21

-

Weighted-average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

69,962

69,689

69,618

69,556

69,397

69,288

69,250

69,124

68,798

68,525

68,060

67,311

65,692

55,508

41,137

30,031

9,888

9,888

9,888

Weighted Average Number of Shares Outstanding, Diluted

69,962

22,393

69,618

69,556

116,693

116,413

117,074

117,002

116,947

214,631

115,941

67,311

65,837

55,771

41,288

30,193

9,888

9,888

9,888

Statement of Comprehensive (Loss) Income [Abstract]
Comprehensive (loss) income

-178,462

-

-27,485

-7,798

19,539

-

24,393

98,502

81,520

-

-

-

-

-

-

-

-

-

-

Less: comprehensive (loss) income attributable to noncontrolling interests

-25,862

-

-11,417

-3,514

8,660

-

10,081

16,093

30,665

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income attributable to Red Rock Resorts, Inc.

-152,600

-

-16,068

-4,284

10,879

-

14,312

82,409

50,855

-

-

-

-

-

-

-

-

-

-

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.10

0.10

0.10

-

0.10

0.00

0.00

0.00

-

Casino
Revenues

208,267

255,783

238,269

245,268

244,933

240,757

230,723

232,756

236,247

221,763

221,771

219,136

223,536

108,067

232,584

233,796

239,771

219,861

229,672

Operating costs and expenses

83,275

91,182

89,205

87,716

82,940

84,854

82,772

80,396

78,958

79,388

77,570

77,669

76,459

6,948

90,088

88,986

87,421

85,091

87,147

Food and beverage
Revenues

88,331

110,818

128,016

137,791

104,933

100,971

94,666

94,632

90,928

87,995

87,311

91,596

98,546

133,909

63,551

66,408

66,620

59,479

62,860

Operating costs and expenses

92,486

104,738

128,376

140,155

92,236

87,892

87,097

85,114

80,109

78,406

80,019

82,819

84,825

159,311

44,888

44,501

42,524

39,443

40,374

Room
Revenues

40,076

46,750

48,169

49,311

48,075

42,169

39,306

42,719

46,630

39,640

43,447

45,194

50,760

46,255

32,192

32,979

34,384

29,665

31,255

Operating costs and expenses

20,673

20,030

20,279

20,559

20,196

19,314

19,595

19,431

20,100

19,297

20,056

20,653

21,762

25,096

12,036

11,893

12,385

11,672

11,302

Other
Revenues

21,357

26,123

27,823

26,905

25,922

27,054

26,385

24,917

22,556

22,940

23,817

23,541

22,669

21,374

17,463

17,705

17,182

17,103

18,642

Operating costs and expenses

9,634

12,719

14,077

13,674

11,859

14,320

13,216

12,109

8,786

10,074

11,013

10,214

9,031

12,223

6,411

6,305

5,722

6,499

6,906

Management fees
Revenues

19,357

21,312

23,581

23,593

23,159

20,520

21,252

21,164

24,678

27,972

29,602

30,676

30,227

29,714

27,702

27,455

26,649

22,728

21,025