Monarch Casino & Resort, Inc. (MCRI) Financial Statements (2024 and earlier)

Company Profile

Business Address 3800 S VIRGINIA STREET
RENO, NV 89502
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7011 - Hotels and Motels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments     30,46229,151
Cash and cash equivalents     30,46229,151
Receivables34,55535,82728,6305,6436,7406,925
Inventory, net of allowances, customer advances and progress billings7,5587,1597,8236,7353,6923,335
Inventory7,5587,1597,8236,7353,6923,335
Prepaid expense8,5377,5528,3936,2385,5084,612
Other undisclosed current assets38,77933,52628,31060,5392792,008
Total current assets:89,42984,06473,15679,15546,68146,031
Noncurrent Assets
Property, plant and equipment578,050580,807572,507501,483374,324250,714
Intangible assets, net (including goodwill)25,46325,58826,08426,64927,81528,980
Goodwill25,11125,11125,11125,11125,11125,111
Intangible assets, net (excluding goodwill)3524779731,5382,7043,869
Deferred income tax assets   1302,683
Other noncurrent assets    9082,2802,818
Deferred tax assets, net4,0273,544
Total noncurrent assets:603,513606,395598,721531,723408,446286,056
TOTAL ASSETS:692,942690,459671,877610,878455,127332,087
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,45561,54246,36051,14642,29333,590
Accounts payable14,41818,57511,65517,03711,1828,184
Accrued liabilities46,03742,96734,70534,10931,11125,406
Debt 6,69320,00012,50020,791  
Other undisclosed current liabilities50,59659,63650,5847,52817,1525,823
Total current liabilities:117,744141,178109,44479,46559,44539,413
Noncurrent Liabilities
Long-term debt and lease obligation 81,650181,146190,21294,50026,200
Long-term debt, excluding current maturities 68,152167,162175,41594,50026,200
Liabilities, other than long-term debt36,24419,61713,220   
Deferred income tax liabilities23,01619,61713,220 
Other liabilities      
Operating lease, liability13,22813,49813,98414,797
Total noncurrent liabilities:36,244101,267194,366190,21294,50026,200
Total liabilities:153,988242,445303,810269,677153,94565,613
Equity
Equity, attributable to parent538,954448,014368,067341,201301,182266,474
Common stock191191191191191191
Treasury stock, value(170)(4,341)(8,872)(12,777)(15,876)(18,123)
Additional paid in capital40,71641,42634,49835,21530,11126,890
Retained earnings498,217410,738342,250318,572286,756257,516
Total equity:538,954448,014368,067341,201301,182266,474
TOTAL LIABILITIES AND EQUITY:692,942690,459671,877610,878455,127332,087

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues477,870395,377184,413249,166240,315230,726
Revenue, net230,726
Cost of revenue(366,428)(200)(169,142)(209,591)(197,489)(126,034)
Cost of goods and services sold      (112,205)
Provision for loan, lease, and other losses  (200)   
Other undisclosed gross profit  (305,300)    
Gross profit:111,44289,87715,27139,57542,826104,692
Operating expenses      (64,026)
Operating income:111,44289,87715,27139,57542,82640,666
Nonoperating income (expense)(2,420)(4,506)(273)1(177)(967)
Other nonoperating expense(2,420)(4,506)(273)(1)  
Interest and debt expense   (764)(538)(177)(967)
Income from continuing operations before equity method investments, income taxes:109,02285,37114,23439,03842,47238,732
Other undisclosed income from continuing operations before income taxes   764538177967
Income from continuing operations before income taxes:109,02285,37114,99839,57642,64939,699
Income tax expense (benefit)(21,543)(16,883)8,680(7,760)(8,551)(14,161)
Income from continuing operations:87,47968,48823,67831,81634,09825,538
Income before gain (loss) on sale of properties:68,48823,67831,81634,09825,538
Net income available to common stockholders, diluted:87,47968,48823,67831,81634,09825,538

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:87,47968,48823,67831,81634,09825,538
Comprehensive income, net of tax, attributable to parent:87,47968,48823,67831,81634,09825,538

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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