Speedway motorsports inc (TRK)
Income statement / Quarterly
Jun'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:
Revenues

141,868

107,888

59,011

160,085

166,855

75,963

81,180

130,723

170,011

76,444

65,882

170,661

175,688

83,176

65,998

144,123

179,321

85,274

84,053

139,837

175,877

84,542

82,164

137,500

176,763

84,222

82,079

142,256

181,023

84,802

89,137

176,954

153,079

86,675

123,230

177,642

Expenses and Other:
General and administrative

27,126

25,277

22,975

26,277

27,255

24,393

22,279

25,793

26,944

22,586

21,553

27,205

27,312

24,074

23,033

26,712

25,453

23,091

22,697

25,414

25,615

23,036

21,722

23,955

23,882

22,117

20,235

23,840

24,453

21,879

21,517

23,328

23,036

21,503

20,490

23,664

Depreciation and amortization (Note 2)

13,852

13,524

15,026

13,252

13,138

13,090

20,023

13,834

13,469

17,505

13,411

14,016

13,570

13,371

14,950

20,304

13,375

13,335

35,975

13,540

15,359

13,552

13,249

13,913

13,822

13,741

13,251

14,239

14,093

13,916

13,509

13,922

13,323

13,250

13,661

13,689

Interest expense, net

2,731

2,768

2,768

2,771

2,953

2,957

3,019

3,054

3,163

3,005

3,228

3,290

3,291

3,339

3,450

3,511

3,593

6,257

4,952

5,358

5,326

5,601

5,770

5,950

9,241

10,910

31,082

10,331

10,240

-10,436

51,151

-10,172

-10,114

11,247

12,720

13,027

Impairment of goodwill (Note 2)

-

-

-

-

-

-

-

-

1,117

-

-

-

0

-

-

-

98,868

-

-

-

-

-

-

-

89,037

-

-

-

-

-

-

-

48,609

-

-

-

Loss on early debt redemption and refinancing (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-8,372

-

-

-

-

-

-

-18,467

-

-

-

-

-

0

0

-23

-7,433

-

-

Other expense (income), net

-77

54

-280

-60

2,297

-51

-1,296

157

376

-578

111

941

13

-68

-459

-749

-57

390

-114

61

1,097

1,261

-25

37

-160

-145

3,754

59

49

46

441

-131

12

20

-204

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

507

Total Expenses and Other

118,462

96,295

73,896

127,923

127,472

79,248

89,979

116,072

127,487

80,450

65,860

150,229

136,323

81,799

65,683

131,081

232,202

91,992

106,721

121,484

133,304

81,574

80,776

119,981

242,066

86,389

79,740

126,209

135,543

84,983

90,851

137,048

167,394

92,632

110,906

137,149

Income Before Income Taxes

23,406

11,593

-14,885

32,162

39,383

-3,285

-8,799

14,651

42,524

-4,006

22

20,432

39,365

1,377

315

13,042

-52,881

-6,718

-22,668

18,353

42,573

2,968

1,388

17,519

-65,303

-2,167

2,339

16,047

45,480

-181

-1,714

39,906

-14,315

-5,957

12,324

40,493

Provision for Income Taxes

6,031

3,039

-2,875

8,089

8,677

-965

-122,462

5,440

15,218

-2,071

-249

6,766

14,618

516

3,653

4,489

-17,702

-2,319

-10,022

9,336

15,374

1,101

-49,217

5,157

2,508

-799

35,472

5,002

-18,519

-63

-1,588

16,003

13,779

-4,713

5,330

16,439

Income (Loss) from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,017

-

-

-

12,362

-

-

3,905

11,045

26,961

-118

-126

23,903

-28,094

-1,244

6,994

24,054

Income (Loss) from Discontinued Operation (Note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,978

-

-

-

-68

-

-

443

-78

-11

-28

-272

-158

-179

-274

-535

-1,034

Net Income

17,375

8,554

-12,010

24,073

30,706

-2,320

113,663

9,211

27,306

-1,935

271

13,666

24,747

861

-3,338

8,553

-35,179

-4,399

-12,914

14,995

27,199

1,867

50,427

12,294

-67,811

-1,368

4,348

10,967

26,950

-146

-398

23,745

-28,273

-1,518

6,459

23,020

Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

-

-

-

0.30

-

-

0.09

0.27

0.65

0.00

-0.01

0.58

-0.68

-0.03

0.16

0.57

Discontinued Operation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

-

-

-

0.00

-

-

0.01

0.00

0.00

0.00

0.00

-0.01

0.00

-0.01

-0.01

-0.02

Basic Earnings Per Share (in dollars per share)

0.43

0.21

-0.29

0.59

0.75

-0.06

2.77

0.22

0.67

-0.05

0.01

0.33

0.60

0.02

-0.08

0.21

-0.85

-0.11

-0.32

0.36

0.66

0.05

1.21

0.30

-1.64

-0.03

0.11

0.26

0.65

0.00

-0.01

0.57

-0.68

-0.04

0.15

0.55

Weighted Average Shares Outstanding (in shares)

40,850

40,846

40,830

40,882

40,946

40,982

40,964

41,004

41,045

41,087

41,074

41,123

41,184

41,227

41,218

41,267

41,313

41,338

41,321

41,372

41,411

41,404

41,374

41,395

41,424

41,427

41,410

41,420

41,451

41,443

41,452

41,497

41,553

41,594

41,836

42,026

Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.22

-

-

-

0.30

-

-

0.09

0.27

0.65

0.00

-0.01

0.58

-0.68

-0.03

0.16

0.57

Discontinued Operation (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.14

-

-

-

0.00

-

-

0.01

0.00

0.00

0.00

0.00

-0.01

0.00

-0.01

-0.01

-0.02

Diluted Earnings Per Share (in dollars per share)

0.43

0.21

-0.29

0.59

0.75

-0.06

2.77

0.22

0.67

-0.05

0.01

0.33

0.60

0.02

-0.08

0.21

-0.85

-0.11

-0.32

0.36

0.66

0.05

1.21

0.30

-1.64

-0.03

0.11

0.26

0.65

0.00

-0.01

0.57

-0.68

-0.04

0.15

0.55

Weighted Average Shares Outstanding (in shares)

40,854

40,847

40,855

40,895

40,956

40,982

40,978

41,022

41,056

41,108

41,094

41,135

41,195

41,244

41,238

41,288

41,346

41,376

41,352

41,388

41,431

41,429

41,400

41,413

41,441

41,438

41,417

41,421

41,459

41,451

41,452

41,497

41,553

41,594

41,836

42,026

Income from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,017

-

-

-

12,362

-

-

3,905

11,045

26,961

-118

-126

23,903

-28,094

-1,244

6,994

24,054

Income from Discontinued Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,978

-

-

-

-68

-

-

-

-78

-

-

-

-

-

-

-

-

Admissions [Member]
Revenues

19,223

14,350

11,521

30,536

25,412

10,863

15,417

27,641

29,141

14,750

15,868

29,698

29,634

15,439

18,431

31,607

31,904

18,752

17,552

30,911

31,084

21,251

17,164

32,936

34,194

21,756

18,369

36,178

39,018

22,469

22,714

51,667

31,282

24,576

39,656

41,115

Event Related [Member]
Revenues

44,830

28,477

25,522

45,099

48,600

20,989

30,141

34,452

50,080

18,959

34,279

37,226

49,339

21,730

31,014

40,717

52,979

22,270

30,691

39,186

52,965

24,007

30,750

37,715

53,495

23,789

30,868

40,325

55,667

24,702

34,807

50,285

51,904

26,625

36,442

54,941

NASCAR Broadcasting Revenue [Member]
Revenues

70,905

57,645

15,346

78,374

86,131

36,741

29,090

61,962

83,173

34,930

9,351

65,839

89,167

37,447

9,069

63,855

86,479

36,319

28,555

63,068

84,049

31,697

27,422

60,441

80,712

30,439

26,514

58,675

78,040

29,433

25,834

68,733

62,401

28,426

41,493

73,362

Other Operating Revneues [Member]
Revenues

6,910

7,416

6,622

6,076

6,712

7,370

6,532

6,668

7,617

7,805

6,384

37,898

7,548

8,560

7,484

7,944

7,959

7,933

7,255

6,672

7,779

7,587

6,828

6,408

8,362

8,238

6,328

7,078

8,298

8,198

5,782

6,269

7,492

7,048

5,639

8,224

Direct Expense of Events [Member]
Cost of goods and services sold

32,482

16,670

17,365

35,597

35,581

13,333

20,553

32,732

33,231

12,457

24,094

36,576

34,730

13,060

19,584

35,251

34,598

14,870

18,798

33,706

33,498

16,194

16,390

34,162

33,739

15,209

16,794

35,087

34,532

14,989

21,686

40,018

28,948

15,552

30,850

33,167

NASCAR Event Management Fees [Member]
Cost of goods and services sold

37,327

32,865

10,653

45,731

46,276

20,552

18,561

36,453

44,908

19,179

-559

41,087

52,478

22,298

-446

39,758

51,004

21,619

19,678

39,400

49,453

19,723

19,327

37,958

48,432

19,286

18,886

38,118

47,191

18,755

19,721

44,448

37,684

18,293

28,178

47,593

Other Direct Operating Expense [Member]
Cost of goods and services sold

4,867

5,245

4,829

4,235

4,566

4,872

4,248

4,363

5,031

5,140

4,244

28,996

4,955

5,589

4,653

4,796

5,254

4,838

4,507

4,127

5,150

4,729

4,293

4,080

5,286

4,981

4,118

4,653

5,083

5,054

4,280

5,029

5,669

5,374

4,803

6,516