Empire Resorts, Inc. (NYNY) financial statements (2023 and earlier)

Company profile

Business Address 204 STATE ROUTE 17B
MONTICELLO, NY 12701
State of Incorp. DE
Fiscal Year End December 31
SIC 581 - Eating And Drinking Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,33810,38011,0126,4126,4357,5269,063
Cash and cash equivalents28,33810,38011,0126,4126,4357,5269,063
Restricted cash and investments3736931,0781,341  1,240
Receivables5,9651,2739211,1561,0481,1781,006
Inventory, net of allowances, customer advances and progress billings936174177207200
Inventory936174177207200  
Prepaid expense2,3181,2652,8913,0843,4211,300
Prepaid expense and other current assets2,839
Other undisclosed current assets5,7082,1111,2671,5502,3862,793 
Total current assets:43,63815,89617,34613,75013,49012,79714,148
Noncurrent Assets
Property, plant and equipment697,67926,86326,41525,78926,37226,15526,568
Intangible assets, net (including goodwill)45,21651,00051,000  
Intangible assets, net (excluding goodwill)45,21651,00051,000    
Prepaid expense5,724566,797202,43810,405  
Deposits noncurrent assets 35,00015,000    
Restricted cash and investments21,039136,43126,38415,472   
Other noncurrent assets33,1302511,1752595
Prepaid expense and other noncurrent assets217
Other undisclosed noncurrent assets      11,516
Total noncurrent assets:802,788816,342322,41251,66826,37726,25038,301
TOTAL ASSETS:846,426832,238339,75865,41839,86739,04752,449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,57211,72111,59020,47110,4178,59610,210
Accounts payable9,8942,6862,2681,2442,2052,5552,805
Accrued liabilities33,6787,3207,34719,2278,0986,0417,405
Employee-related liabilities 1,7151,897    
Taxes payable  78 114  
Debt48,00414,588     
Other undisclosed current liabilities4,92269,99739,958 (114)  
Total current liabilities:96,49896,30651,54820,47110,3038,59610,210
Noncurrent Liabilities
Long-term debt and lease obligation, including:495,693455,148 17,42617,42617,42617,426
Long-term debt, excluding current maturities495,693455,148     
Other undisclosed long-term debt and lease obligation   17,42617,42617,42617,426
Liabilities, other than long-term debt42,3969,4638,644    
Due to related parties30,954      
Other liabilities11,4429,4638,644    
Other undisclosed noncurrent liabilities   28,98029,23922,800 
Total noncurrent liabilities:538,089464,6118,64446,40646,66540,22617,426
Total liabilities:634,587560,91760,19266,87756,96848,82227,636
Stockholders' equity
Stockholders' equity attributable to parent, including:211,839271,321279,566(1,459)(17,101)(9,775)24,813
Common stock34432631296395365300
Additional paid in capital651,623572,342533,813228,512175,801159,027146,083
Accumulated other comprehensive loss(219)(315)     
Accumulated deficit(439,910)(301,032)(254,559)(230,067)(193,297)(169,167)(128,425)
Other undisclosed stockholders' equity attributable to parent1     6,855
Total stockholders' equity:211,839271,321279,566(1,459)(17,101)(9,775)24,813
TOTAL LIABILITIES AND EQUITY:846,426832,238339,75865,41839,86739,04752,449

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues194,84565,85167,45468,16665,22670,96171,973
Revenue, net56,49856,78656,99555,54358,18559,753
Cost of revenue
(Cost of Goods and Services Sold)
 (44,486)(44,238)(44,525)(44,160)(47,129)(45,955)
Gross profit:194,84521,36523,21623,64121,06623,83226,018
Operating expenses(283,909)(95,768)(91,137)(102,126)(79,912)(91,081)(71,581)
Other undisclosed operating income 44,48644,23844,52544,16047,12945,955
Operating income (loss):(89,064)(29,917)(23,683)(33,960)(14,686)(20,120)392
Nonoperating income3122,84210   4
Investment income, nonoperating8732,84210   4
Other nonoperating expense(561)      
Interest and debt expense(49,835)(19,269)(419)(2,616)(9,128)(17,334)(1,063)
Loss from continuing operations before equity method investments, income taxes:(138,587)(46,344)(24,092)(36,576)(23,814)(37,454)(667)
Other undisclosed income (loss) from continuing operations before income taxes  (105)(27)(91)15,929(30)
Loss from continuing operations before income taxes:(138,587)(46,344)(24,197)(36,603)(23,905)(21,525)(697)
Income tax expense   (7)(7)(17)(16)
Net loss:(138,587)(46,344)(24,197)(36,610)(23,912)(21,542)(713)
Other undisclosed net loss attributable to parent(109)      
Net loss attributable to parent:(138,696)(46,344)(24,197)(36,610)(23,912)(21,542)(713)
Other undisclosed net loss available to common stockholders, basic(128)(128)(168)(178)(188)(5,508)(1,551)
Net loss available to common stockholders, diluted:(138,824)(46,472)(24,365)(36,788)(24,100)(27,050)(2,264)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(138,587)(46,344)(24,197)(36,610)(23,912)(21,542)(713)
Other comprehensive loss (315)     
Comprehensive loss:(138,587)(46,659)(24,197)(36,610)(23,912)(21,542)(713)
Other undisclosed comprehensive loss, net of tax, attributable to parent(13)      
Comprehensive loss, net of tax, attributable to parent:(138,600)(46,659)(24,197)(36,610)(23,912)(21,542)(713)

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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