Twin river worldwide holdings, inc. (TRWH)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18
Revenue:
Total revenue

109,148

130,419

129,309

143,218

120,631

111,422

110,494

110,815

104,806

Operating costs and expenses:
Advertising, general and administrative

49,609

44,079

50,011

48,047

38,263

28,452

35,303

40,363

39,160

Expansion and pre-opening

-

-

0

0

-

76

2,139

451

34

Acquisition, integration and restructuring expense

1,786

1,121

1,930

2,239

6,878

-

3,680

664

-

Depreciation and amortization

8,979

9,061

8,329

8,233

6,769

6,789

5,196

5,135

5,212

Total operating costs and expenses

112,317

101,397

107,858

109,372

90,324

76,725

80,843

79,391

79,929

(Loss) income from operations

-3,169

29,022

21,451

33,846

30,307

34,697

29,651

31,424

24,877

Other income (expense):
Interest income

143

327

810

754

13

53

42

38

40

Interest expense, net of amounts capitalized

11,516

11,352

11,461

9,966

7,051

6,774

5,406

5,106

5,739

Loss on extinguishment and modification of debt

-

-

0

-1,491

-

-

0

0

-

Other, net

-

-

1

182

-

-

0

0

-

Total other expense, net

-11,373

-11,237

-10,650

-10,521

-7,038

-6,721

-5,364

-5,068

-5,699

(Loss) income before provision for income taxes

-14,542

17,785

10,801

23,325

23,269

27,976

24,287

26,356

19,178

(Benefit) provision for income taxes

-5,664

4,430

3,802

6,145

5,673

5,846

7,913

6,056

6,544

Net (loss) income

-8,878

13,355

6,999

17,180

17,596

22,130

16,374

20,300

12,634

Total comprehensive income

-

-

6,999

17,180

-

-

16,374

20,300

12,634

Deemed dividends related to changes in fair value of common stock subject to possible redemption

-

-

0

0

-

-2,214

-1,036

1,305

1,305

Net income applicable to common stockholders

-8,878

13,355

6,999

17,180

17,596

24,344

17,410

18,995

11,329

Net income per share, basic (in dollars per share)

-0.28

0.39

0.19

0.42

0.46

0.66

0.47

0.51

0.31

Weighted average common shares outstanding, basic (in shares)

31,569

33,626

37,809

41,137

38,248

37,082

36,925

36,925

36,823

Net income per share, diluted (in dollars per share)

-0.28

0.40

0.18

0.42

0.46

0.64

0.45

0.49

0.29

Weighted average common shares outstanding, diluted (in shares)

31,660

33,725

37,925

41,261

38,367

38,685

38,575

38,541

38,405

Goodwill and Intangible Asset Impairment

8,700

-

-

-

0

-

-

-

-

Newport Grand disposal loss

-

-

0

0

-

27

-656

0

-5,885

Insured Event, Gain (Loss)

-883

-

-

-

0

-

-

-

-

Gaming
Total revenue

75,836

88,531

88,315

100,234

90,868

83,825

82,067

82,266

79,582

Cost of net revenue

23,213

23,282

23,529

26,078

21,076

20,138

17,906

17,027

16,727

Racing
Total revenue

2,957

3,136

3,255

3,783

2,940

2,718

3,286

3,870

3,284

Cost of net revenue

2,407

2,275

2,293

2,833

2,191

1,990

2,317

2,545

2,179

Hotel
Total revenue

7,646

10,174

11,119

11,390

6,305

5,687

5,712

5,486

4,454

Cost of net revenue

3,292

3,754

4,190

4,183

2,714

2,352

2,098

2,056

1,760

Food and beverage
Total revenue

15,316

19,538

18,054

18,801

13,511

12,465

12,129

12,298

11,488

Cost of net revenue

13,276

16,382

15,324

15,634

11,107

11,922

9,656

9,696

8,972

Other
Total revenue

7,393

9,040

8,566

9,010

7,007

6,727

7,300

6,895

5,998

Retail, entertainment and other
Cost of net revenue

1,930

2,624

2,252

2,125

1,326

-

1,892

1,454

-