Red Rock Resorts (RRR) FY2024 results: revenue $1.9 billion, up 12.5% on the year
Red Rock Resorts, Inc. (RRR) reported revenue of $1.9 billion for fiscal 2024, the year ended 31 December 2024, up 12.5% on the year before. Net income was $154 million, down 12.5%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$1.9 billion
+12.5% on the year
FY2017FY2024
Operating margin
29.3%
32.4% a year earlier
FY2017FY2024
Net income
$154 million
-12.5% on the year
FY2017FY2024
Diluted EPS
$2.53
-13.9% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
548
494
542
+10.9%
Capital expenditure
284
700
329
-59.4%
Free cash flow
264
-205
214
Free cash flow margin
13.6%
-11.9%
12.8%
Cash from investing
-322
-654
-442
Cash from financing
-200
180
-290
Depreciation and amortisation
187
133
128
+41.2%
Share-based compensation
30.9
19.7
17.5
+57.3%
Buybacks
3.9
0.0
142
Dividends paid
118
58.6
117
+102.1%
Dividend per share
n/a
n/a
$1.00
Diluted shares, weighted
104m
103m
105m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
215
169
43.8
+27.4%
Non-controlling interest
91.8
75.0
-11.5
+22.3%
Debt
3,407
3,328
2,985
+2.4%
Operating lease liabilities
28.1
29.4
29.7
-4.3%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
303
353
299
-14.3%
Total liabilities and equity
4,046
3,955
3,346
+2.3%
Fixed assets
2,782
2,772
2,195
+0.4%
Goodwill
196
196
196
0.0%
Intangible assets
81.2
82.8
84.4
-1.9%
Cash and equivalents
164
138
117
+19.5%
Receivables
64.4
61.9
43.6
+4.0%
Inventory
16.4
15.3
13.2
+7.6%
Other assets
742
689
697
+7.6%
Total assets
4,046
3,955
3,346
+2.3%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.