Station Casinos Revenue

Station Casinos revenue was $1.45 b in FY, 2016 which is a 7.4% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1976
Station Casinos is a subsidiary of Red Rock Resorts

Station Casinos Revenue Breakdown

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Station Casinos revenue breakdown by business segment: 61.6% from Casino, 7.1% from Management fees, 17.3% from Food and beverage, 9.2% from Room and 4.8% from Other

Station Casinos Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

1.3b1.4b1.5b

Revenue growth, %

(47%)5%7%

Cost of goods sold

544.2m556.8m608.7m

Gross profit

747.5m795.3m843.7m

Gross profit Margin, %

58%59%58%

General and administrative expense

288.7m289.9m321.2m

Operating expense total

527.6m795.3m528.4m

Depreciation and amortization

127.8m137.5m156.7m

EBIT

219.8m274.6m315.4m

EBIT margin, %

17%20%22%

Interest expense

106.1m142.9m147.4m

Investment income

1.0m809.0k1.9m

Net Income

83.3m126.7m163.9m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

359.2m351.5m347.1m417.7m403.5m

Cost of goods sold

142.3m145.4m147.0m176.8m176.5m

Gross profit

216.9m206.1m200.1m241.0m227.0m

Gross profit Margin, %

60%59%58%58%56%

General and administrative expense

70.0m78.8m81.0m92.0m92.5m

Operating expense total

132.1m134.9m125.1m146.1m256.4m

Depreciation and amortization

39.0m38.4m36.2m45.3m46.8m

EBIT

84.9m71.2m75.0m94.9m(29.4m)

EBIT margin, %

24%20%22%23%(7%)

Interest expense

34.3m41.1m35.5m36.9m31.5m

Investment income

612.0k428.0k346.0k415.0k420.0k

Net Income

49.3m27.8m38.4m56.1m(64.5m)

Station Casinos Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016

Cash

122.0m115.1m130.0m

Accounts Receivable

34.9m35.1m43.5m

Prepaid Expenses

7.5m8.7m20.1m

Inventories

10.0m10.3m12.0m

Current Assets

196.6m210.0m238.1m

PP&E

2.1b2.1b2.4b

Goodwill

195.7m195.7m195.7m

Total Assets

3.0b2.9b3.3b

Accounts Payable

25.9m24.2m30.5m

Short-term debt

80.9m83.7m61.9m

Current Liabilities

245.5m256.9m244.9m

Long-term debt

2.1b2.1b2.4b

Total Debt

2.1b2.1b2.4b

Total Liabilities

2.3b2.3b2.6b

Additional Paid-in Capital

653.8m567.9m

Retained Earnings

(27.7m)25.3m

Total Equity

645.2m608.7m636.5m

Debt to Equity Ratio

3.3 x3.5 x3.8 x

Debt to Assets Ratio

0.7 x0.7 x0.7 x

Financial Leverage

4.6 x4.7 x5.1 x

Quarterly

Station Casinos Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

71.3m132.3m169.9m

Depreciation and Amortization

131.8m137.5m156.7m

Accounts Receivable

(6.7m)332.0k(3.5m)

Accounts Payable

2.9m5.2m8.9m

Cash From Operating Activities

242.3m321.2m360.0m

Purchases of PP&E

(102.6m)(100.0m)(162.4m)

Cash From Investing Activities

(41.3m)(76.7m)(444.1m)

Short-term Borrowings

20.0m(53.9m)

Long-term Borrowings

(68.1m)(80.4m)(1.5b)

Cash From Financing Activities

(215.9m)(251.9m)97.4m

Net Change in Cash

(14.9m)(7.4m)13.3m

Interest Paid

127.9m120.2m116.3m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

51.2m90.1m130.0m58.4m(2.1m)

Depreciation and Amortization

39.0m77.9m114.1m45.3m92.1m

Accounts Receivable

(1.6m)898.0k(738.0k)(2.0m)3.7m

Accounts Payable

(2.1m)(680.0k)7.4m(393.0k)6.5m

Cash From Operating Activities

86.1m167.2m246.0m96.1m107.4m

Purchases of PP&E

(31.3m)(87.6m)(119.5m)(41.3m)(101.9m)

Cash From Investing Activities

(32.4m)(82.8m)(409.5m)(42.0m)(132.7m)

Short-term Borrowings

(6.0m)(53.9m)(53.9m)

Long-term Borrowings

(48.1m)(1.5b)(1.5b)(210.5m)(631.1m)

Cash From Financing Activities

(50.5m)44.7m141.0m(68.5m)7.9m

Net Change in Cash

3.2m129.1m(22.5m)(14.3m)(17.3m)

Interest Paid

38.2m55.5m94.8m38.7m63.5m

Station Casinos Ratios

USDFY, 2014

Debt/Equity

3.3 x

Debt/Assets

0.7 x

Financial Leverage

4.6 x

Station Casinos Operating Metrics

FY, 2014FY, 2015FY, 2016

Gaming Tables

469 466 338

Gaming Tables (Las Vegas Properties)

244 302 338

Gaming Tables (Managed Properties)

164 164 164

Managed Rooms

200

Owned and Leased Rooms

4.02 k4.04 k4.95 k

Slot Machines

24.33 k23.89 k24.81 k

Slot Machines (50% Owned Properties)

434 427 425

Slot Machines (Las Vegas Properties)

19.37 k18.88 k19.71 k

Slot Machines (Managed Properties)

4.53 k4.58 k4.68 k

Station Casinos Employee Rating

3.6335 votes
Culture & Values
3.5
Work/Life Balance
3.4
Senior Management
3
Salary & Benefits
3.4
Career Opportunities
3.5
Source