Red Rock Resorts (RRR) FY2023 results: revenue $1.7 billion, up 3.6% on the year
Red Rock Resorts, Inc. (RRR) reported revenue of $1.7 billion for fiscal 2023, the year ended 31 December 2023, up 3.6% on the year before. Net income was $176 million, down 14.3%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$1.7 billion
+3.6% on the year
FY2016FY2023
Operating margin
32.4%
33.7% a year earlier
FY2016FY2023
Net income
$176 million
-14.3% on the year
FY2016FY2023
Diluted EPS
$2.94
-12.5% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
494
542
610
-8.8%
Capital expenditure
700
329
61.3
+112.9%
Free cash flow
-205
214
549
Free cash flow margin
-11.9%
12.8%
33.9%
Cash from investing
-654
-442
586
Cash from financing
180
-290
-1,015
Depreciation and amortisation
133
128
158
+3.2%
Share-based compensation
19.7
17.5
12.7
+12.3%
Buybacks
0.0
142
501
Dividends paid
58.6
117
204
-49.8%
Dividend per share
n/a
$1.00
$3.00
Diluted shares, weighted
103m
105m
116m
-1.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
169
43.8
59.5
+285.6%
Non-controlling interest
75.0
-11.5
-9.5
Debt
3,328
2,985
2,854
+11.5%
Operating lease liabilities
29.4
29.7
21.9
-0.8%
Other liabilities
353
299
215
+18.2%
Total liabilities and equity
3,955
3,346
3,140
+18.2%
Fixed assets
2,772
2,195
2,010
+26.3%
Goodwill
196
196
196
0.0%
Intangible assets
82.8
84.4
87.2
-1.9%
Cash and equivalents
138
117
275
+17.3%
Receivables
61.9
43.6
36.7
+41.9%
Inventory
15.3
13.2
11.7
+15.6%
Other assets
689
697
524
-1.0%
Total assets
3,955
3,346
3,140
+18.2%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.