Red Rock Resorts, Inc. (RRR) financial statements (2022 and earlier)

Company profile

Business Address 1505 SOUTH PAVILION CENTER DRIVE
LAS VEGAS, NV 89135
State of Incorp. DE
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2759091118121109270
Cash and cash equivalents2759091118121109270
Restricted cash and investments    544
Receivables37323335354952
Inventory, net of allowances, customer advances and progress billings12111212131414
Inventory12111212131414
Prepaid expense27303226242721
Assets held-for-sale, not part of disposal group58   373232
Other undisclosed current assets20685677698141616
Total current assets:429850845890249250410
Noncurrent Assets
Operating lease, right-of-use asset21    1213
Property, plant and equipment2,0101,9962,0112,0332,8582,9162,969
Long-term investments and receivables6678888
Long-term investments6678888
Intangible assets, net (including goodwill)283283284284296298300
Goodwill196196196196196196196
Intangible assets, net (excluding goodwill)87888888101102104
Restricted cash and investments32      
Deferred income tax assets99      
Other noncurrent assets93746765727983
Other undisclosed noncurrent assets168293284258256245244
Total noncurrent assets:2,7112,6522,6532,6483,4913,5583,617
TOTAL ASSETS:3,1403,5023,4983,5383,7403,8094,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities179198180169177195181
Accounts payable17201410111719
Accrued liabilities147166149146146160141
Interest and dividends payable14111713201921
Debt26262626232420
Other undisclosed current liabilities 345   
Total current liabilities:205227210200200219201
Noncurrent Liabilities
Long-term debt and lease obligation2,8492,6172,6532,8012,8792,9903,278
Long-term debt, excluding current maturities2,8282,6172,6532,8012,8792,9783,266
Operating lease, liability22    1212
Liabilities, other than long-term debt31393331303253
Liability, pension and other postretirement and postemployment benefits    1  
Other liabilities31393331283253
Other undisclosed noncurrent liabilities5282828261616
Total noncurrent liabilities:2,8852,6842,7132,8602,9353,0383,347
Total liabilities:3,0902,9112,9233,0603,1353,2573,548
Stockholders' equity
Stockholders' equity attributable to parent, including:59347337276353321276
Additional paid in capital55286348373386384383
Accumulated other comprehensive loss (1)(1)(1)(1)(1)(1)
Retained earnings (accumulated deficit)460(11)(98)(33)(63)(106)
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest(9)244237202252231203
Total stockholders' equity:50591575478605552479
TOTAL LIABILITIES AND EQUITY:3,1403,5023,4983,5383,7403,8094,027

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues422415428353343353108
Other undisclosed gross profit(867)   (763)  
Gross profit:(445)415428353(420)353108
Operating expenses606(272)(260)(424)498(252)(202)
Operating income (loss):161143169(71)79101(94)
Nonoperating expense(33)(25)(26)(36)(29)(30)(24)
Interest and debt expense(5)(25)(26)(8)0011
Income (loss) from continuing operations before equity method investments, income taxes:12392117(115)5072(107)
Income (loss) from equity method investments111011(1)
Other undisclosed income (loss) from continuing operations before income taxes525268(0)(0)(11)
Income (loss) from continuing operations before income taxes:130118144(106)5172(118)
Income tax expense (benefit)70(0)(1)(0)(1)  
Income (loss) from continuing operations:200118143(107)5072(118)
Income from discontinued operations231    
Income (loss) before gain (loss) on sale of properties:202121145(107)5072(118)
Other undisclosed net loss(2)(3)(1)    
Net income (loss):200118143(107)5072(118)
Net income (loss) attributable to noncontrolling interest(51)(47)(57)42(20)(28)47
Net income (loss) available to common stockholders, basic:1497187(65)3044(72)
Dilutive securities, effect on basic earnings per share413745  22 
Net income (loss) available to common stockholders, diluted:189108131(65)3066(72)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):200118143(107)5072(118)
Other comprehensive income (loss)100 10(1)
Comprehensive income (loss):201118143(107)5072(119)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(52)(47)(57)42(20)(28)47
Comprehensive income (loss), net of tax, attributable to parent:1497187(65)3044(72)

Statements sources

The financial statements are based on the company's filings with the 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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