Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - Red Rock Resorts, Inc. | exh_991.htm |
| 8-K - FORM 8-K - Red Rock Resorts, Inc. | f8k_050118.htm |
Exhibit 99.2
RED ROCK RESORTS, INC.
SUPPLEMENTAL 2017 FINANCIAL INFORMATION AS ADJUSTED FOR NEW REVENUE RECOGNITION STANDARD (a)
(amounts in thousands, unaudited)
| Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | YE 2017 | ||||||||||||||||
| Operating revenues: | ||||||||||||||||||||
| Casino | $ | 223,536 | $ | 219,136 | $ | 221,771 | $ | 221,763 | $ | 886,206 | ||||||||||
| Food and beverage | 98,546 | 91,596 | 87,311 | 87,995 | 365,448 | |||||||||||||||
| Room | 50,760 | 45,194 | 43,447 | 39,640 | 179,041 | |||||||||||||||
| Other | 22,669 | 23,541 | 23,817 | 22,940 | 92,967 | |||||||||||||||
| Management fees | 30,227 | 30,676 | 29,602 | 27,972 | 118,477 | |||||||||||||||
| Net revenues | 425,738 | 410,143 | 405,948 | 400,310 | 1,642,139 | |||||||||||||||
| Operating costs and expenses: | ||||||||||||||||||||
| Casino | 76,459 | 77,669 | 77,570 | 79,388 | 311,086 | |||||||||||||||
| Food and beverage | 84,825 | 82,819 | 80,019 | 78,406 | 326,069 | |||||||||||||||
| Room | 21,762 | 20,653 | 20,056 | 19,297 | 81,768 | |||||||||||||||
| Other | 9,031 | 10,214 | 11,013 | 10,074 | 40,332 | |||||||||||||||
| Selling, general and administrative | 94,661 | 95,214 | 98,840 | 92,215 | 380,930 | |||||||||||||||
| Depreciation and amortization | 45,253 | 46,807 | 42,661 | 43,496 | 178,217 | |||||||||||||||
| Write-downs and other charges, net | 1,054 | 9,638 | 15,239 | 3,653 | 29,584 | |||||||||||||||
| Tax receivable agreement liability adjustment | - | (444 | ) | 214 | (139,070 | ) | (139,300 | ) | ||||||||||||
| Related party lease termination | - | 98,393 | 1,950 | - | 100,343 | |||||||||||||||
| Asset impairment | - | - | 1,829 | - | 1,829 | |||||||||||||||
| 333,045 | 440,963 | 349,391 | 187,459 | 1,310,858 | ||||||||||||||||
| Operating income (loss) | 92,693 | (30,820 | ) | 56,557 | 212,851 | 331,281 | ||||||||||||||
| Earnings from joint ventures | 415 | 420 | 407 | 390 | 1,632 | |||||||||||||||
| Operating income (loss) and earnings from joint ventures | $ | 93,108 | $ | (30,400 | ) | $ | 56,964 | $ | 213,241 | $ | 332,913 | |||||||||
(a) Reflects the Company's adoption of the new accounting standard for revenue recognition applying the full retrospective method.