Red Rock Resorts (RRR) FY2018 results: revenue $1.7 billion, up 2.4% on the year
Red Rock Resorts, Inc. (RRR) reported revenue of $1.7 billion for fiscal 2018, the year ended 31 December 2018, up 2.4% on the year before. Net income was $158 million, up 344.7%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$1.7 billion
+2.4% on the year
FY2014FY2018
Operating margin
22.1%
20.2% a year earlier
FY2014FY2018
Net income
$158 million
+344.7% on the year
FY2014FY2018
Diluted EPS
$1.77
+321.4% on the year
FY2014FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,681
1,642
1,476
+2.4%
Selling, general and administrative
390
381
327
+2.5%
Operating income
372
331
309
+12.4%
Operating margin
22.1%
20.2%
21.0%
Interest expense
143
131
140
+8.9%
Pre-tax income
243
198
164
+22.7%
Income tax
23.9
135
8.2
-82.3%
Effective tax rate
9.8%
67.9%
5.0%
Net income
158
35.4
92.0
+344.7%
Net margin
9.4%
2.2%
6.2%
Diluted EPS
$1.77
$0.42
$1.03
+321.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
346
290
346
+19.3%
Capital expenditure
579
248
162
+133.2%
Free cash flow
-233
41.5
184
Free cash flow margin
-13.9%
2.5%
12.5%
Cash from investing
-607
-282
-442
Cash from financing
144
90.3
115
+59.7%
Depreciation and amortisation
180
178
157
+1.1%
Share-based compensation
11.3
7.9
6.9
+42.5%
Dividends paid
27.7
27.0
10.6
+2.7%
Dividend per share
$0.40
$0.40
$0.20
0.0%
Diluted shares, weighted
117m
116m
34m
+0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
520
379
350
+37.2%
Non-controlling interest
297
253
284
+17.5%
Debt
2,855
2,618
2,422
+9.1%
Other liabilities
337
370
471
-8.9%
Total liabilities and equity
4,010
3,620
3,526
+10.8%
Fixed assets
3,012
2,542
2,438
+18.5%
Goodwill
196
196
196
0.0%
Intangible assets
117
128
149
-8.4%
Cash and equivalents
115
231
134
-50.5%
Receivables
51.3
48.7
43.5
+5.3%
Inventory
14.9
12.6
12.0
+18.6%
Other assets
503
461
554
+9.2%
Total assets
4,010
3,620
3,526
+10.8%
10-K for the year ended 31 December 2018, filed 21 February 2020: the filing.