Red Rock Resorts (RRR) FY2021 results: revenue $1.6 billion, up 36.8% on the year
Red Rock Resorts, Inc. (RRR) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 December 2021, up 36.8% on the year before. Net income was $242 million, and diluted earnings per share $2.84. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$1.6 billion
+36.8% on the year
FY2014FY2021
Operating margin
24.8%
7.5% a year earlier
FY2014FY2021
Net income
$242 million
FY2014FY2021
Diluted EPS
$2.84
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
610
213
317
+186.7%
Capital expenditure
61.3
58.5
353
+4.8%
Free cash flow
549
154
-36.6
+255.6%
Free cash flow margin
33.9%
13.0%
-2.0%
Cash from investing
586
-69.6
-405
Cash from financing
-1,015
-150
103
Depreciation and amortisation
158
231
222
-31.8%
Share-based compensation
12.7
10.9
16.8
+16.9%
Buybacks
501
0.0
0.4
Dividends paid
204
7.3
27.9
+2,689.6%
Dividend per share
$3.00
$0.10
$0.40
+2,900.0%
Diluted shares, weighted
116m
71m
70m
+65.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
59.5
353
501
-83.1%
Non-controlling interest
-9.5
252
282
Debt
2,854
2,902
3,033
-1.7%
Operating lease liabilities
21.9
10.9
10.7
+99.8%
Other liabilities
215
222
288
-3.4%
Total liabilities and equity
3,140
3,740
4,114
-16.0%
Fixed assets
2,010
2,858
3,062
-29.7%
Goodwill
196
196
196
0.0%
Intangible assets
87.2
101
109
-13.5%
Cash and equivalents
275
121
129
+127.2%
Receivables
36.7
35.1
56.7
+4.6%
Inventory
11.7
13.1
17.8
-10.3%
Other assets
524
416
545
+26.0%
Total assets
3,140
3,740
4,114
-16.0%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.