Red Rock Resorts (RRR) FY2022 results: revenue $1.7 billion, up 2.8% on the year
Red Rock Resorts, Inc. (RRR) reported revenue of $1.7 billion for fiscal 2022, the year ended 31 December 2022, up 2.8% on the year before. Net income was $205 million, down 15.0%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$1.7 billion
+2.8% on the year
FY2015FY2022
Operating margin
33.7%
24.8% a year earlier
FY2015FY2022
Net income
$205 million
-15.0% on the year
FY2015FY2022
Diluted EPS
$3.36
+18.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
542
610
213
-11.1%
Capital expenditure
329
61.3
58.5
+436.1%
Free cash flow
214
549
154
-61.1%
Free cash flow margin
12.8%
33.9%
13.0%
Cash from investing
-442
586
-69.6
Cash from financing
-290
-1,015
-150
Depreciation and amortisation
128
158
231
-18.6%
Share-based compensation
17.5
12.7
10.9
+37.6%
Buybacks
142
501
0.0
-71.7%
Dividends paid
117
204
7.3
-42.8%
Dividend per share
$1.00
$3.00
$0.10
-66.7%
Diluted shares, weighted
105m
116m
71m
-10.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
43.8
59.5
353
-26.4%
Non-controlling interest
-11.5
-9.5
252
Debt
2,985
2,854
2,902
+4.6%
Operating lease liabilities
29.7
21.9
10.9
+35.6%
Other liabilities
299
215
222
+39.2%
Total liabilities and equity
3,346
3,140
3,740
+6.5%
Fixed assets
2,195
2,010
2,858
+9.2%
Goodwill
196
196
196
0.0%
Intangible assets
84.4
87.2
101
-3.2%
Cash and equivalents
117
275
121
-57.4%
Receivables
43.6
36.7
35.1
+18.8%
Inventory
13.2
11.7
13.1
+12.5%
Other assets
697
524
416
+32.9%
Total assets
3,346
3,140
3,740
+6.5%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.