← Red Rock Resorts, 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 From Continuing Operations | — | — | — | — | — | — | $390.4m | $337.8m | $291.3m | $355.7m | |
| Net Income (Loss) Attributable to Parent | $92.0m | $35.2m | $157.5m | ($3.4m) | ($150.4m) | $241.8m | $205.5m | $176.0m | $154.1m | $188.1m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $155.8m | $63.0m | $219.5m | ($6.7m) | ($174.5m) | $354.8m | $390.4m | $337.8m | $291.3m | $355.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $92.0m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $155.8m | $63.0m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $63.8m | $27.9m | $61.9m | ($3.4m) | ($24.1m) | $113.0m | $184.9m | $161.8m | $137.2m | $167.6m | |
| Depreciation, Depletion and Amortization | $156.7m | $178.2m | $180.3m | $222.2m | $231.4m | $157.8m | $128.4m | $132.5m | $187.1m | $197.4m | |
| Amortization of Debt Issuance Costs and Discounts | $17.5m | $17.2m | $16.1m | $16.4m | $10.5m | $9.6m | $9.6m | $9.6m | $7.4m | $7.1m | |
| Amortization of Intangible Assets | $18.8m | $19.9m | $10.6m | $8.6m | $7.5m | $1.8m | $1.6m | $1.6m | $1.6m | $1.6m | |
| Depreciation | $137.9m | $158.3m | $169.7m | $213.6m | $223.8m | $156.0m | $126.8m | $131.0m | $185.5m | $192.3m | |
| Amortization Cash Flow | — | — | — | — | — | — | $1.6m | $1.6m | $1.6m | $1.6m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $1.6m | $1.6m | $1.6m | $1.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $128.4m | $132.5m | $187.1m | $197.4m | |
| Deferred Income Tax Expense (Benefit) | $7.0m | $136.1m | $23.9m | ($1.7m) | $114.1m | ($74.2m) | $11.9m | $35.9m | $2.3m | $25.2m | |
| Deferred Income Tax | — | — | — | — | — | — | $11.9m | $35.9m | ($9.2m) | $25.1m | |
| Deferred Tax | — | — | — | — | — | — | $11.9m | $35.9m | ($9.2m) | $25.1m | |
| Share-based Payment Arrangement, Noncash Expense | $6.9m | $7.9m | $11.3m | $16.8m | $10.9m | $12.7m | $17.5m | $19.7m | $30.9m | $32.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $169k | $3.4m | $4.5m | $14.7m | $13.8m | $24.0m | |
| Share-based Payment Arrangement, Expense | $6.9m | $7.9m | $11.3m | $16.8m | $10.9m | $12.7m | $17.5m | $19.7m | $30.9m | $32.1m | |
| Asset Impairment Charge | — | — | — | — | — | — | ($3.5m) | ($38.9m) | $1.1m | $1.8m | |
| Gain (Loss) on Extinguishment of Debt | ($7.3m) | ($16.9m) | $0 | ($19.9m) | $240k | ($13.5m) | $0 | $0 | ($14.4m) | ($25k) | |
| Income (Loss) from Equity Method Investments | $1.9m | $1.6m | $2.2m | $1.9m | $1.1m | $3.3m | $3.5m | $3.1m | $2.4m | $2.6m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($6.2m) | ($20.6m) | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $8.2m | $134.8m | $23.9m | ($1.7m) | $114.1m | ($69.3m) | $44.5m | $43.0m | $36.9m | $46.6m | |
| Operating Lease, Lease Income | — | — | — | — | — | $16.0m | $20.6m | $25.3m | $29.4m | $29.1m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Payable | $8.9m | ($1.2m) | $2.7m | $9.7m | ($21.4m) | $7.4m | ($6.2m) | $13.9m | ($7.6m) | $3.9m | |
| Proceeds from Stock Options Exercised | — | $2.5m | $5.4m | $6.7m | $397k | — | $0 | $0 | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | ($177.7m) | ($80.0m) | $0 | $0 | $4.3m | |
| Gain (Loss) on Sale of Properties | — | — | — | — | — | — | ($79.0m) | $38.6m | — | — | |
| Goodwill | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | $195.7m | |
| Nonoperating Income (Expense) | ($147.4m) | ($134.2m) | ($131.0m) | ($196.4m) | ($150.1m) | ($119.3m) | ($129.9m) | ($181.0m) | ($242.9m) | ($197.7m) | |
| Beginning Cash Position | — | — | — | — | — | — | $307.3m | $117.3m | $137.6m | $164.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($290.0m) | $179.8m | ($199.7m) | ($385.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($442.1m) | ($653.9m) | ($321.8m) | ($245.8m) | |
| Change In Account Payable | — | — | — | — | — | — | ($6.2m) | $13.9m | ($7.6m) | $3.9m | |
| Change In Accrued Expense | — | — | — | — | — | — | $5.7m | $22.8m | $25.9m | $3.7m | |
| Change In Interest Payable | — | — | — | — | — | — | $140k | $1.1m | $11.8m | ($3.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($6.3m) | ($8.0m) | $2.0m | ($5.4m) | |
| Change In Other Working Capital | — | — | — | — | — | — | — | ($14.4m) | $15.7m | $988k | |
| Change In Payable | — | — | — | — | — | — | ($6.2m) | $13.9m | ($7.6m) | $3.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($494k) | $36.8m | $18.4m | $7.6m | |
| Change In Receivables | — | — | — | — | — | — | ($4.2m) | ($18.3m) | ($2.5m) | ($9.5m) | |
| Change In Working Capital | — | — | — | — | — | — | ($11.0m) | ($4.0m) | $33.6m | ($6.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($4.2m) | ($18.3m) | ($2.5m) | ($9.5m) | |
| Changes In Cash | — | — | — | — | — | — | ($190.0m) | $20.3m | $26.8m | ($21.9m) | |
| End Cash Position | — | — | — | — | — | — | $117.3m | $137.6m | $164.4m | $142.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($290.0m) | $179.8m | ($199.7m) | ($385.6m) | |
| Free Cash Flow | — | — | — | — | — | — | ($19.1m) | ($207.3m) | $249.4m | $288.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | $215k | — | — | ($274k) | $4.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($442.1m) | ($653.9m) | ($321.8m) | ($245.8m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($232.8m) | ($2.1m) | ($15.0m) | ($1.6m) | |
| Operating Gains Losses | — | — | — | — | — | $13.5m | — | — | $2.8m | $4.3m | |
| Other Non Cash Items | — | — | — | — | — | — | $8.5m | $11.3m | $10.5m | ($581k) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $1.2m | $0 | $0 | — | — | |
| Purchase Of PPE | $162.4m | $248.4m | $579.3m | $353.3m | $58.5m | $61.3m | ($232.8m) | ($2.1m) | ($15.0m) | ($1.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($141.5m) | $0 | ($3.9m) | ($79.0m) | |
| Stock Based Compensation | — | — | — | — | — | — | $17.5m | $19.7m | $30.9m | $32.1m | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | $0 | $13k | $0 | $0 | ($160k) | ($2.2m) | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | $87k | $14.1m | $12.4m | ($19.5m) | ($21.6m) | ($215k) | $0 | $0 | ($274k) | $4.3m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $87k | $14.1m | $12.4m | ($19.5m) | ($21.6m) | ($215k) | $0 | $0 | $274k | ($4.3m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($5.0m) | ($658k) | $2.4m | $2.6m | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $346.2m | $289.1m | $346.0m | $316.6m | $212.8m | $610.0m | $542.2m | $494.3m | $548.3m | $609.5m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($561.3m) | ($701.6m) | ($298.8m) | ($320.6m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($328.6m) | ($699.5m) | ($283.9m) | ($319.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $305.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($13.5m) | $0 | $0 | — | — | |
| Purchase Of Investment | — | — | — | — | — | ($13.5m) | $0 | $0 | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $3.6m | $10.0m | $6.5m | $6.1m | ($3.8m) | ($148k) | ($5.1m) | $7.3m | $1.6m | $1.5m | |
| Net Other Investing Changes | — | — | — | — | — | — | $119.2m | $47.8m | ($23.0m) | $74.9m | |
| Net Cash Provided by (Used in) Investing Activities | ($444.1m) | ($281.7m) | ($606.7m) | ($405.1m) | ($69.6m) | $586.3m | ($442.1m) | ($653.9m) | ($321.8m) | ($245.8m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $297.5m | $476.5m | $2.5b | $400.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $500.0m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $124.7m | $337.7m | $89.8m | ($17.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $500.0m | ($1.5m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $124.7m | $337.7m | ($410.2m) | ($15.7m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $297.5m | $476.5m | $2.0b | $400.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | $0 | ($1.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($172.8m) | ($138.8m) | ($2.4b) | ($417.2m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($172.8m) | ($138.8m) | ($2.4b) | ($415.7m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($141.5m) | $0 | ($3.9m) | ($79.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | $376k | $81k | $500.9m | $141.5m | $0 | $3.9m | $79.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($141.5m) | $0 | ($3.9m) | ($79.0m) | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | — | — | — | — | — | |
| Dividends paid | $10.6m | $27.0m | $27.7m | $27.9m | $7.3m | $203.8m | $116.7m | $58.6m | $118.4m | $120.8m | |
| Payments of Dividends | $10.6m | $27.0m | $27.7m | $27.9m | $7.3m | $203.8m | $116.7m | $58.6m | $118.4m | $120.8m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($116.7m) | ($58.6m) | ($118.4m) | ($120.8m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($116.7m) | ($58.6m) | ($118.4m) | ($120.8m) | |
| Proceeds from (Payments for) Other Financing Activities | ($7.3m) | ($6.8m) | ($1.1m) | ($675k) | ($81k) | ($1.5m) | $391k | ($1.3m) | ($1.3m) | ($1.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($156.6m) | ($99.3m) | ($167.1m) | ($168.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $115.0m | $90.3m | $144.2m | $103.2m | ($150.4m) | ($1.0b) | ($290.0m) | $179.8m | ($199.7m) | ($385.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $17.2m | $97.7m | ($116.5m) | $14.7m | ($7.2m) | $181.6m | ($190.0m) | $20.3m | $26.8m | ($21.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $136.2m | $234.7m | $118.3m | $132.9m | $125.7m | $307.3m | $117.3m | $137.6m | $164.4m | $142.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($190.0m) | $20.3m | $26.8m | ($21.9m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $116.3m | $118.5m | $124.4m | $143.1m | $109.0m | $98.0m | $120.2m | $170.5m | $209.7m | $198.1m | |
| Income Taxes Paid, Net | $9.5m | ($9.2m) | ($176k) | $64k | $0 | $4.1m | $31.4m | $21.1m | $30.3m | $20.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.