← MONARCH CASINO & RESORT INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $24.6m $25.5m $34.1m $31.8m $23.7m $68.5m $87.5m $82.4m $72.8m $101.4m
Net Income (Loss) Available to Common Stockholders, Basic $24.6m $25.5m $34.1m $31.8m $23.7m $68.5m $87.5m $82.4m $72.8m $101.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $25.5m $34.1m $31.8m $23.7m $68.5m $87.5m $82.4m $72.8m $101.4m
Depreciation, Depletion and Amortization $14.8m $15.1m $14.6m $14.9m $17.3m $38.4m $43.4m $47.3m $51.4m $54.0m
Amortization of Debt Issuance Costs $410k $538k $538k $538k $764k $990k $1.5m $307k — $162k
Amortization of Intangible Assets — $1.2m $1.2m $1.2m $1.2m $500k $100k $200k $200k —
Depreciation $14.8m $15.1m $14.6m $14.9m $17.3m $37.9m $43.3m $47.1m $51.2m $54.1m
Amortization of deferred loan costs $410k $538k $538k $538k $764k $990k $1.5m $307k ($418k) $162k
Deferred Income Tax Expense (Benefit) $47k $3.8m ($647k) $1.3m $15.8m $6.5m $3.4m $68k ($9.7m) ($1.7m)
Deferred income taxes $798k $3.8m ($483k) $1.3m $15.8m $6.5m $3.4m $68k ($9.7m) ($1.7m)
Share-based Payment Arrangement, Noncash Expense $1.7m $7.1m $5.5m $8.2m $3.9m $4.1m $5.1m $7.1m $7.9m $8.4m
Share-based Payment Arrangement, Expense $1.7m $2.2m $3.1m $4.1m $3.9m $4.1m $5.1m $7.5m $7.9m $8.4m
Goodwill, Impairment Loss — — $0 $0 $0 — — — — —
Gain (Loss) on Disposition of Assets $677k ($4k) ($12k) — $63k $100k $100k $159k $300k ($100k)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($677k) ($4k) ($12k) ($125.4m) ($63k) ($136k) $69k ($159k) ($249k) ($115k)
Income Tax Expense (Benefit) $13.4m $14.2m $8.6m $7.8m ($8.7m) $16.9m $21.5m $26.1m $19.6m $28.0m
Other Nonoperating Income (Expense) — — — ($1k) ($273k) ($4.5m) ($2.4m) ($1.6m) ($104k) $1.9m
Loss on disposition of assets $677k $4k $12k — $63k $136k ($69k) $159k $249k $115k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — ($1.1m) ($1.6m) $5.4m $840k $2.6m ($1.5m) $994k
Increase (Decrease) in Inventories $216k $238k $357k $3.0m $1.1m ($664k) $399k $56k $1.7m ($207k)
Increase (Decrease) in Accounts Payable $2.0m ($431k) $3.0m $5.9m ($5.4m) $6.9m ($4.2m) $8.7m $18.2m $3.7m
Accounts Receivable, Credit Loss Expense (Reversal) $74k $103k $93k — $159k $245k $155k $194k $234k $184k
Proceeds from Stock Options Exercised $2.9m — — — $3.8m $8.1m $9.8m $2.6m $8.2m $7.1m
Payments of Financing Costs — — — — $2.9m — — — — —
Gain (Loss) Related to Litigation Settlement — — — — — $300k — — ($27.6m) —
Goodwill $25.1m $25.1m $25.1m $25.1m $25.1m $25.1m $25.1m $25.1m $25.1m $25.1m
Nonoperating Income (Expense) ($616k) ($967k) ($177k) $1k — — — — — —
Provision for Loan, Lease, and Other Losses — — — — — $200k — — — —
Stock-based compensation - stock options $1.7m $7.1m $5.5m $8.2m $3.9m $4.1m $5.1m $7.1m $7.9m $8.4m
Stock-based compensation - restricted stock — — — — — — $80k $364k — —
Provision for bad debts $74k $103k $93k $189k $159k $245k $155k $194k $234k $184k
Receivables ($1.4m) ($2.0m) $92k $1.1m $1.6m ($5.4m) ($840k) ($2.6m) $1.5m ($994k)
Income taxes receivable $203k ($1.6m) $1.7m $94k ($24.7m) ($2.1m) $2.0m $24.0m ($517k) ($857k)
Inventories ($216k) ($238k) ($357k) ($3.0m) ($1.1m) $664k ($399k) ($56k) ($1.7m) $207k
Prepaid expenses and other — — — — — — ($985k) ($2.5m) $409k ($222k)
Accounts payable $2.0m ($105k) $3.0m $5.9m ($5.4m) $6.9m ($4.2m) $8.7m $18.2m $3.7m
Accrued expenses $1.9m ($13k) $847k $3.0m $596k $8.3m $3.1m $7.5m $506k $851k
Proceeds from sale of assets $29k $86k — $72k $31k $22k $440k $170k $110k $41k
Change in construction accounts payable $1.2m $3.2m $11.3m ($9.6m) $42.2m $9.1m ($8.9m) ($2.4m) $3.5m ($892k)
Payroll taxes from net exercise of stock options — — — — ($4.4m) ($730k) ($6.9m) ($464k) ($2.0m) ($2.3m)
Proceeds from exercise of stock options $2.9m — — — $3.8m $8.1m $9.8m $2.6m $8.2m $7.1m
Line-of-credit borrowings — — — — — — $3.0m $71.5m $45.5m —
Line-of-credit payments ($14.7m) — — — — — ($3.0m) ($66.0m) ($51.0m) —
Net Cash Provided by (Used in) Operating Activities $43.7m $49.5m $58.8m $63.2m $31.4m $128.1m $139.8m $173.0m $140.7m $164.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $26.1m $50.0m $137.1m $125.4m $88.7m $46.9m $39.5m $49.0m $47.4m $36.3m
Net Cash Provided by (Used in) Investing Activities ($24.9m) ($46.7m) ($125.7m) ($134.9m) ($46.4m) ($37.8m) ($48.0m) ($51.2m) ($43.8m) ($37.2m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $105.5m $10.8m — — — — —
Repayments of Long-term Debt $14.7m — — $3.8m $24.6m $92.5m $83.0m $7.0m — —
Principal payments on long-term debt ($14.7m) — — ($3.8m) ($24.6m) ($92.5m) ($83.0m) ($7.0m) — —
Payments for Repurchase of Common Stock — — — — — — $6.5m $5.0m $60.0m $72.7m
Payments of Ordinary Dividends, Common Stock — — — — — — — $112.8m $22.3m $21.9m
Purchase of company common stock — — — — — — ($6.5m) ($5.0m) ($60.0m) ($72.7m)
Payments of Dividends — — — — — — — $112.8m $22.3m $21.9m
Payment of dividends — — — — — — — ($112.8m) ($22.3m) ($21.9m)
Net Cash Provided by (Used in) Financing Activities ($13.6m) — $68.3m $101.8m ($17.3m) ($85.1m) ($86.5m) ($117.2m) ($81.5m) ($89.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $60.5m $28.3m $33.5m $38.8m $43.4m $58.8m $96.5m
Change in cash and cash equivalents — $2.8m $1.3m $30.1m ($32.2m) $5.2m $5.3m $4.6m $15.4m $37.7m
Cash and cash equivalents at beginning of period $21.2m $26.4m $29.2m $60.5m $28.3m $33.5m $38.8m $43.4m $58.8m $96.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $206k $426k $186k — $380k $3.1m $1.4m $2.0m $986k $249k
Income Taxes Paid, Net $12.4m $11.9m $7.3m $6.3m — $12.4m $15.6m $25.6m $29.8m $2.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.