PINNACLE ENTERTAINMENT, INC. (PNK) financial statements (2020 and earlier)

Company profile

Business Address 3980 HOWARD HUGHES PARKWAY
LAS VEGAS, NV 89169
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)

12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments184185
Cash and cash equivalents184185
Receivables5443
Inventory, net of allowances, customer advances and progress billings1010
Inventory1010
Other undisclosed current assets2218
Total current assets:270256
Noncurrent Assets
Property, plant and equipment2,6292,768
Intangible assets, net (including goodwill)9941,003
Goodwill611611
Intangible assets, net (excluding goodwill)384392
Other noncurrent assets5549
Other undisclosed noncurrent assets1 
Total noncurrent assets:3,6803,821
TOTAL ASSETS:3,9504,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217206
Accounts payable8169
Employee-related liabilities7473
Taxes payable5758
Interest and dividends payable55
Debt012
Deferred revenue and credits2125
Other liabilities8991
Other undisclosed current liabilities425
Total current liabilities:331359
Noncurrent Liabilities
Long-term debt and lease obligation812924
Long-term debt, excluding current maturities812924
Liabilities, other than long-term debt3940
Other liabilities3940
Other undisclosed noncurrent liabilities3,0893,127
Total noncurrent liabilities:3,9404,091
Total liabilities:4,2714,450
Stockholders' equity
Stockholders' equity attributable to parent, including:(330)(383)
Treasury stock, value(93)(70)
Additional paid in capital932920
Accumulated other comprehensive income00
Accumulated deficit(1,171)(1,234)
Other undisclosed stockholders' equity attributable to parent11
Stockholders' equity attributable to noncontrolling interest910
Total stockholders' equity:(321)(373)
TOTAL LIABILITIES AND EQUITY:3,9504,077

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

12/31/2017
12/31/2016
Revenues2,5622,379
Revenue, net2,4722,306
Cost of revenue(1,419)(1,383)
Cost of goods and services sold(1,395)(1,282)
Gross profit:1,143996
Operating expenses(714)(1,142)
Operating income (loss):429(146)
Interest and debt expense(381)(340)
Income (loss) from continuing operations before equity method investments, income taxes:47(486)
Loss from equity method investments(0)(0)
Income (loss) from continuing operations before income taxes:47(486)
Income tax benefit1528
Income (loss) from continuing operations:62(458)
Income from discontinued operations 0
Net income (loss):62(457)
Net income attributable to noncontrolling interest10
Net income (loss) available to common stockholders, diluted:63(457)

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
Net income (loss):62(457)
Other undisclosed comprehensive loss(0)(0)
Comprehensive income (loss):62(458)
Comprehensive income, net of tax, attributable to noncontrolling interest10
Comprehensive income (loss), net of tax, attributable to parent:63(457)

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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