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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments275121129115231134
Cash and cash equivalents275121129115231134
Restricted cash and investments 54432
Receivables373557514944
Inventory, net of allowances, customer advances and progress billings121318151312
Inventory121318151312
Prepaid expense272424232220
Assets held-for-sale, not part of disposal group58373220419
Other undisclosed current assets201418342019
Total current assets:429249282262342250
Noncurrent Assets
Operating lease, right-of-use asset21 13
Property, plant and equipment2,0102,8583,0623,0122,5422,438
Long-term investments and receivables68991011
Long-term investments68991011
Intangible assets, net (including goodwill)283296304313324345
Goodwill196196196196196196
Intangible assets, net (excluding goodwill)87101109117128149
Restricted cash and investments32     
Deferred income tax assets99  
Other noncurrent assets937287907560
Deferred tax assets, net112132244
Other undisclosed noncurrent assets168256357212194179
Total noncurrent assets:2,7113,4913,8333,7483,2783,276
TOTAL ASSETS:3,1403,7404,1144,0103,6203,526
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities179177242300209200
Accounts payable171134262231
Accrued liabilities147146201266177153
Interest and dividends payable1420771116
Debt262334343046
Due to related parties     1
Other undisclosed current liabilities    0 
Total current liabilities:205200276334239247
Noncurrent Liabilities
Long-term debt and lease obligation2,8492,8793,0102,8212,5882,376
Long-term debt, excluding current maturities2,8282,8792,9992,8212,5882,376
Operating lease, liability22 11
Liabilities, other than long-term debt3130361516267
Liability, pension and other postretirement and postemployment benefits 1555 
Due to related parties     257
Other liabilities312831101110
Other undisclosed noncurrent liabilities52610231392
Total noncurrent liabilities:2,8852,9353,0562,8592,7432,646
Total liabilities:3,0903,1353,3323,1932,9822,893
Stockholders' equity
Stockholders' equity attributable to parent, including:59353501520382350
Additional paid in capital55386376362353329
Accumulated other comprehensive income (loss) (1)(1)122
Retained earnings (accumulated deficit)4(33)1241562618
Other undisclosed stockholders' equity attributable to parent111111
Stockholders' equity attributable to noncontrolling interest(9)252282297255284
Total stockholders' equity:50605783817637633
TOTAL LIABILITIES AND EQUITY:3,1403,7404,1144,0103,6203,526

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6181,1821,8571,6811,6161,452
Revenue, net1,6811,6161,452
Cost of revenue(867)(763)(1,223)(870)(850)(777)
Cost of goods and services sold   (746)(700)(609)
Gross profit:750419634811765676
Operating expenses(349)(331)(448)(439)(435)(366)
Operating income:40289186372330309
Nonoperating expense(119)(150)(196)(131)(134)(147)
Interest and debt expense(13)0(20)(143)(17)(7)
Income (loss) from continuing operations before equity method investments, income taxes:269(61)(30)98179155
Income from equity method investments3122  
Other undisclosed income (loss) from continuing operations before income taxes13(0)20143199
Income (loss) from continuing operations before income taxes:286(60)(8)243198164
Income tax expense (benefit)69(114)2(24)(135)(8)
Income (loss) from continuing operations:355(175)(7)21963156
Income from discontinued operations6     
Income (loss) before gain (loss) on sale of properties:361(175)(7)21963156
Other undisclosed net loss(6)     
Net income (loss):355(175)(7)21963156
Net income (loss) attributable to noncontrolling interest(113)243(62)(28)(64)
Net income (loss) available to common stockholders, basic:242(150)(3)1583592
Dilutive securities, effect on basic earnings per share89  49(14)(0)
Net income (loss) available to common stockholders, diluted:331(150)(3)2062192

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):355(175)(7)21963156
Other comprehensive income (loss)1(1)(3)(3)(1)11
Comprehensive income (loss):356(175)(10)21762167
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(114)255(61)(27)(70)
Comprehensive income (loss), net of tax, attributable to parent:242(150)(5)1563597

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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