Golden Entertainment (GDEN) Financials

$25.23 +0.11 (+0.44%)

As of 10:09 AM Eastern

Annual Income Statements for Golden Entertainment

This table shows Golden Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	82	256	51
Consolidated Net Income / (Loss)	82	256	51
Net Income / (Loss) Continuing Operations	82	256	51
Total Pre-Tax Income	83	332	73
Total Operating Income	148	399	112
Total Gross Profit	504	476	375
Total Revenue	1,122	1,053	667
Operating Revenue	1,122	1,053	667
Total Cost of Revenue	617	578	292
Operating Cost of Revenue	617	578	292
Total Operating Expenses	357	76	263
Selling, General & Admin Expense	235	256	225
Depreciation Expense	100	89	90
Other Operating Expenses / (Income)	20	-281	-55
Impairment Charge	0.00	12	2.40
Other Special Charges / (Income)	1.10	0.53	0.30
Total Other Income / (Expense), net	-65	-67	-39
Interest Expense	1.59	1.73	4.45
Interest & Investment Income	-63	-66	-35
Income Tax Expense	0.52	76	22
Basic Earnings per Share	$2.87	$8.93	$1.80
Weighted Average Basic Shares Outstanding	28.66M	28.65M	28.18M
Diluted Earnings per Share	$2.61	$8.31	$1.71
Weighted Average Diluted Shares Outstanding	31.51M	30.78M	29.70M
Weighted Average Basic & Diluted Shares Outstanding	28.18M	28.67M	26.51M
Cash Dividends to Common per Share	-	-	$1.00

This table shows Golden Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	14	11	12	12	241	-9.37	42	0.62	5.17	2.98
Consolidated Net Income / (Loss)	14	11	12	12	241	-9.37	42	0.62	5.17	2.98
Net Income / (Loss) Continuing Operations	14	11	12	12	241	-9.37	42	0.62	5.17	2.98
Total Pre-Tax Income	19	17	14	17	308	-7.38	69	0.48	-1.23	4.09
Total Operating Income	35	35	33	36	324	7.12	80	14	6.73	12
Total Gross Profit	124	124	122	132	113	108	97	96	91	92
Total Revenue	279	280	278	287	258	231	174	167	161	164
Operating Revenue	279	280	278	287	258	231	174	167	161	164
Total Cost of Revenue	155	156	156	154	144	123	77	72	71	72
Operating Cost of Revenue	155	156	156	154	144	123	77	72	71	72
Total Operating Expenses	88	88	90	97	-210	100	17	82	84	80
Selling, General & Admin Expense	64	44	66	75	73	41	64	59	61	41
Depreciation Expense	24	24	24	21	22	22	22	23	23	23
Other Operating Expenses / (Income)	0.00	-	0.00	0.00	-306	25	-70	0.79	0.00	14
Other Special Charges / (Income)	0.27	0.10	0.30	0.11	0.05	0.08	0.15	0.00	-0.02	0.16
Total Other Income / (Expense), net	-16	-18	-18	-19	-15	-14	-11	-13	-7.96	-7.63
Interest & Investment Income	-16	-18	-18	-19	-15	-13	-11	-8.61	-7.96	-7.63
Income Tax Expense	5.18	6.26	2.78	4.25	67	1.99	27	-0.14	-6.40	1.11
Basic Earnings per Share	$0.49	$0.40	$0.41	$0.43	$8.37	($0.28)	$1.46	$0.02	$0.18	$0.14
Weighted Average Basic Shares Outstanding	28.51M	28.66M	28.31M	28.85M	28.83M	28.65M	28.72M	28.80M	28.15M	28.18M
Diluted Earnings per Share	$0.45	$0.37	$0.38	$0.40	$7.83	($0.30)	$1.37	$0.02	$0.18	$0.14
Weighted Average Diluted Shares Outstanding	31.15M	31.51M	30.90M	30.72M	30.79M	30.78M	30.68M	30.23M	29.41M	29.70M
Weighted Average Basic & Diluted Shares Outstanding	28.51M	28.18M	28.84M	28.86M	28.62M	28.67M	28.95M	28.31M	27.43M	26.51M

This table details how cash moves in and out of Golden Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-79	56	-140
Net Cash From Operating Activities	150	119	92
Net Cash From Continuing Operating Activities	150	119	92
Net Income / (Loss) Continuing Operations	82	256	51
Consolidated Net Income / (Loss)	82	256	51
Depreciation Expense	100	89	90
Amortization Expense	4.09	4.07	2.21
Non-Cash Adjustments To Reconcile Net Income	16	-276	-58
Changes in Operating Assets and Liabilities, net	-53	47	7.21
Net Cash From Investing Activities	-51	267	147
Net Cash From Continuing Investing Activities	-51	267	147
Purchase of Property, Plant & Equipment	-51	-86	-50
Acquisitions	0.00	-10	-7.25
Sale of Property, Plant & Equipment	0.15	0.40	0.02
Divestitures	0.00	362	204
Net Cash From Financing Activities	-177	-331	-379
Net Cash From Continuing Financing Activities	-177	-331	-379
Repayment of Debt	-115	-646	-281
Repurchase of Common Equity	-51	-9.13	-92
Payment of Dividends	0.00	-58	-21
Issuance of Debt	0.00	400	20
Issuance of Common Equity	0.00	0.01	0.01
Other Financing Activities, net	-11	-17	-5.49
Cash Interest Paid	59	67	42
Cash Income Taxes Paid	20	39	9.22

This table details how cash moves in and out of Golden Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-1.51	-36	14	9.32	130	-98	207	-316	-20	-11
Net Cash From Operating Activities	36	23	55	46	27	-9.12	26	22	23	23
Net Cash From Continuing Operating Activities	36	23	55	46	27	-9.12	26	22	23	23
Net Income / (Loss) Continuing Operations	14	11	12	12	241	-9.37	42	0.62	5.17	2.98
Consolidated Net Income / (Loss)	14	11	12	12	241	-9.37	42	0.62	5.17	2.98
Depreciation Expense	24	24	24	21	22	22	22	23	23	23
Amortization Expense	0.91	0.94	1.08	1.05	0.98	0.96	0.94	0.49	0.39	0.39
Non-Cash Adjustments To Reconcile Net Income	9.46	3.52	10	-2.77	-302	19	-67	11	3.82	-5.65
Changes in Operating Assets and Liabilities, net	-12	-17	8.17	14	65	-41	27	-13	-9.50	2.14
Net Cash From Investing Activities	-12	-18	-25	-29	347	-27	189	-26	-7.85	-7.90
Net Cash From Continuing Investing Activities	-12	-18	-25	-29	347	-27	189	-26	-7.85	-7.90
Purchase of Property, Plant & Equipment	-12	-18	-25	-29	-18	-14	-16	-18	-7.85	-8.20
Sale of Property, Plant & Equipment	0.02	0.03	0.21	0.08	0.01	0.11	0.00	0.00	-	0.02
Divestitures	-	-	0.00	-	365	-2.65	205	-0.79	-	0.29
Net Cash From Financing Activities	-25	-41	-16	-8.21	-244	-62	-7.66	-312	-35	-25
Net Cash From Continuing Financing Activities	-25	-41	-16	-8.21	-244	-62	-7.66	-312	-35	-25
Repayment of Debt	-25	-27	-0.02	-408	-177	-61	-1.44	-278	-1.00	-1.00
Repurchase of Common Equity	-	-14	-	-	-9.13	-	-	-	-25	-37
Payment of Dividends	-	-	-	-	-58	-	-	-	-7.12	-6.95
Issuance of Debt	-	-	-	-	-	-	-	-	-	20
Issuance of Common Equity	-	-	0.01	0.00	-	0.00	0.00	3.16	0.00	-3.15
Other Financing Activities, net	-0.25	-0.11	-15	-0.16	-0.38	-1.40	-6.22	-0.28	-1.52	2.54
Cash Interest Paid	8.19	23	11	24	9.82	22	8.39	19	8.04	7.14
Cash Income Taxes Paid	7.63	6.00	-	-	9.00	30	-	-	6.00	0.32

This table presents Golden Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,509	1,452	1,080
Total Current Assets	245	409	104
Cash & Equivalents	137	158	58
Accounts Receivable	20	17	13
Inventories, net	8.12	8.10	8.01
Prepaid Expenses	26	23	25
Other Current Nonoperating Assets	40	204	0.00
Plant, Property, & Equipment, net	841	786	751
Total Noncurrent Assets	423	257	225
Noncurrent Note & Lease Receivables	148	79	78
Goodwill	158	84	87
Intangible Assets	90	54	53
Noncurrent Deferred & Refundable Income Taxes	12	30	0.00
Other Noncurrent Operating Assets	16	9.53	6.83
Total Liabilities & Shareholders' Equity	1,509	1,452	1,080
Total Liabilities	1,156	915	606
Total Current Liabilities	133	174	101
Short-Term Debt	0.56	4.60	5.31
Accounts Payable	25	19	22
Accrued Expenses	33	35	30
Current Deferred & Payable Income Tax Liabilities	0.00	42	12
Current Employee Benefit Liabilities	21	21	17
Other Current Liabilities	42	14	15
Other Current Nonoperating Liabilities	10	39	0.00
Total Noncurrent Liabilities	1,023	740	505
Long-Term Debt	900	659	405
Noncurrent Deferred & Payable Income Tax Liabilities	0.05	0.00	21
Other Noncurrent Operating Liabilities	123	82	78
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	353	538	474
Total Preferred & Common Equity	353	538	474
Total Common Equity	353	538	474
Common Stock	480	476	482
Retained Earnings	-127	61	-7.85

This table presents Golden Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,548	1,500	1,494	1,545	1,502	1,181	1,102
Total Current Assets	266	456	450	508	450	130	105
Cash & Equivalents	170	110	121	261	404	89	69
Accounts Receivable	21	15	13	17	18	17	14
Inventories, net	6.71	7.24	7.78	7.38	7.28	7.03	7.57
Prepaid Expenses	18	21	18	17	20	17	15
Other Current Assets	8.31	8.23	0.57	0.90	0.53	0.59	0.93
Other Current Nonoperating Assets	41	293	290	204	0.00	0.00	0.00
Plant, Property, & Equipment, net	842	812	815	808	790	778	765
Total Noncurrent Assets	440	232	229	229	263	273	231
Noncurrent Note & Lease Receivables	157	81	78	75	79	84	81
Goodwill	158	81	81	81	84	88	88
Intangible Assets	91	50	49	49	53	55	55
Noncurrent Deferred & Refundable Income Taxes	18	12	12	15	37	37	0.00
Other Noncurrent Operating Assets	16	9.00	9.36	9.11	8.29	7.86	7.35
Total Liabilities & Shareholders' Equity	1,548	1,500	1,494	1,545	1,502	1,181	1,102
Total Liabilities	1,195	1,147	1,126	999	932	642	588
Total Current Liabilities	139	162	150	204	190	169	95
Short-Term Debt	0.56	0.48	1.30	4.91	5.20	4.70	5.29
Accounts Payable	19	18	19	22	28	19	19
Accrued Expenses	41	37	29	35	48	39	30
Current Deferred & Payable Income Tax Liabilities	-	-	-	63	77	74	6.09
Current Employee Benefit Liabilities	25	20	18	21	17	18	19
Other Current Liabilities	44	13	13	13	14	15	15
Other Current Nonoperating Liabilities	10	74	70	46	0.00	0.00	0.00
Total Noncurrent Liabilities	1,056	986	977	795	742	473	494
Long-Term Debt	927	901	896	716	661	388	386
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.05	0.05	0.00	-	-	26
Other Noncurrent Operating Liabilities	130	84	81	78	81	85	81
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	352	352	368	546	570	539	513
Total Preferred & Common Equity	352	352	368	546	570	539	513
Total Common Equity	352	352	368	546	570	539	513
Common Stock	477	468	472	475	473	479	481
Retained Earnings	-125	-116	-104	71	96	60	33

This table displays calculated financial ratios and metrics derived from Golden Entertainment's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	2.30%	-6.11%	-36.68%
EBITDA Growth	-25.19%	95.20%	-58.48%
EBIT Growth	-34.55%	169.83%	-71.91%
NOPAT Growth	-11.22%	109.21%	-74.59%
Net Income Growth	-49.10%	210.59%	-80.16%
EPS Growth	-48.21%	218.39%	-79.42%
Operating Cash Flow Growth	-49.22%	-20.64%	-22.53%
Free Cash Flow Firm Growth	-32.29%	204.34%	-74.99%
Invested Capital Growth	-2.06%	-19.25%	-5.83%
Revenue Q/Q Growth	-0.20%	-4.45%	-9.07%
EBITDA Q/Q Growth	-0.48%	-5.88%	2.48%
EBIT Q/Q Growth	0.63%	-6.62%	4.28%
NOPAT Q/Q Growth	-6.27%	-7.09%	16.11%
Net Income Q/Q Growth	-8.90%	-7.40%	32.18%
EPS Q/Q Growth	-5.43%	-7.46%	34.65%
Operating Cash Flow Q/Q Growth	-13.57%	-21.18%	52.16%
Free Cash Flow Firm Q/Q Growth	-15.46%	-7.87%	63.68%
Invested Capital Q/Q Growth	0.90%	3.59%	-1.08%
Profitability Metrics	-	-	-
Gross Margin	44.97%	45.16%	56.28%
EBITDA Margin	22.48%	46.74%	30.65%
Operating Margin	13.19%	37.91%	16.81%
EBIT Margin	13.19%	37.91%	16.81%
Profit (Net Income) Margin	7.34%	24.28%	7.61%
Tax Burden Percent	99.37%	77.04%	69.69%
Interest Burden Percent	56.01%	83.15%	64.92%
Effective Tax Rate	0.63%	22.96%	30.31%
Return on Invested Capital (ROIC)	13.38%	31.29%	9.16%
ROIC Less NNEP Spread (ROIC-NNEP)	4.90%	21.65%	1.26%
Return on Net Nonoperating Assets (RNNOA)	11.11%	26.14%	0.86%
Return on Equity (ROE)	24.49%	57.43%	10.03%
Cash Return on Invested Capital (CROIC)	15.46%	52.59%	15.17%
Operating Return on Assets (OROA)	9.47%	26.97%	8.86%
Return on Assets (ROA)	5.27%	17.28%	4.01%
Return on Common Equity (ROCE)	24.49%	57.43%	10.03%
Return on Equity Simple (ROE_SIMPLE)	23.33%	47.56%	10.70%
Net Operating Profit after Tax (NOPAT)	147	308	78
NOPAT Margin	13.11%	29.20%	11.72%
Net Nonoperating Expense Percent (NNEP)	8.48%	9.64%	7.91%
Return On Investment Capital (ROIC_SIMPLE)	11.72%	25.61%	8.83%
Cost of Revenue to Revenue	55.03%	54.84%	43.72%
SG&A Expenses to Revenue	20.99%	24.27%	33.79%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.78%	7.25%	39.47%
Earnings before Interest and Taxes (EBIT)	148	399	112
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	252	492	204
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.78	2.06	1.83
Price to Tangible Book Value (P/TBV)	9.36	2.77	2.59
Price to Revenue (P/Rev)	0.88	1.05	1.30
Price to Earnings (P/E)	11.93	4.33	17.09
Dividend Yield	0.00%	5.17%	3.16%
Earnings Yield	8.38%	23.10%	5.85%
Enterprise Value to Invested Capital (EV/IC)	1.61	1.84	1.47
Enterprise Value to Revenue (EV/Rev)	1.56	1.53	1.83
Enterprise Value to EBITDA (EV/EBITDA)	6.93	3.28	5.97
Enterprise Value to EBIT (EV/EBIT)	11.81	4.04	10.88
Enterprise Value to NOPAT (EV/NOPAT)	11.88	5.24	15.61
Enterprise Value to Operating Cash Flow (EV/OCF)	11.63	13.53	13.21
Enterprise Value to Free Cash Flow (EV/FCFF)	10.28	3.12	9.43
Leverage & Solvency	-	-	-
Debt to Equity	2.55	1.23	0.87
Long-Term Debt to Equity	2.55	1.22	0.85
Financial Leverage	2.27	1.21	0.69
Leverage Ratio	4.65	3.32	2.50
Compound Leverage Factor	2.60	2.76	1.62
Debt to Total Capital	71.86%	55.22%	46.40%
Short-Term Debt to Total Capital	0.04%	0.38%	0.60%
Long-Term Debt to Total Capital	71.81%	54.84%	45.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.14%	44.78%	53.60%
Debt to EBITDA	3.57	1.35	2.01
Net Debt to EBITDA	3.03	1.03	1.73
Long-Term Debt to EBITDA	3.57	1.34	1.98
Debt to NOPAT	6.13	2.16	5.25
Net Debt to NOPAT	5.20	1.64	4.52
Long-Term Debt to NOPAT	6.12	2.14	5.19
Altman Z-Score	1.55	2.61	1.81
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.84	2.35	1.03
Quick Ratio	1.19	1.00	0.70
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	170	517	129
Operating Cash Flow to CapEx	292.97%	139.46%	185.12%
Free Cash Flow to Firm to Interest Expense	106.84	298.14	29.09
Operating Cash Flow to Interest Expense	94.46	68.74	20.77
Operating Cash Flow Less CapEx to Interest Expense	62.22	19.45	9.55
Efficiency Ratios	-	-	-
Asset Turnover	0.72	0.71	0.53
Accounts Receivable Turnover	57.21	56.25	44.27
Inventory Turnover	83.67	71.25	36.20
Fixed Asset Turnover	1.29	1.29	0.87
Accounts Payable Turnover	27.89	26.33	14.43
Days Sales Outstanding (DSO)	6.38	6.49	8.25
Days Inventory Outstanding (DIO)	4.36	5.12	10.08
Days Payable Outstanding (DPO)	13.09	13.86	25.29
Cash Conversion Cycle (CCC)	-2.35	-2.25	-6.96
Capital & Investment Metrics	-	-	-
Invested Capital	1,088	878	827
Invested Capital Turnover	1.02	1.07	0.78
Increase / (Decrease) in Invested Capital	-23	-209	-51
Enterprise Value (EV)	1,747	1,613	1,220
Market Capitalization	983	1,107	867
Book Value per Share	$12.38	$18.79	$17.29
Tangible Book Value per Share	$3.68	$13.96	$12.19
Total Capital	1,254	1,201	885
Total Debt	901	663	411
Total Long-Term Debt	900	659	405
Net Debt	764	506	353
Capital Expenditures (CapEx)	51	85	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-24	82	-50
Debt-free Net Working Capital (DFNWC)	112	240	8.11
Net Working Capital (NWC)	112	235	2.81
Net Nonoperating Expense (NNE)	65	52	27
Net Nonoperating Obligations (NNO)	735	341	353
Total Depreciation and Amortization (D&A)	104	93	92
Debt-free, Cash-free Net Working Capital to Revenue	-2.18%	7.80%	-7.44%
Debt-free Net Working Capital to Revenue	10.02%	22.76%	1.22%
Net Working Capital to Revenue	9.97%	22.32%	0.42%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.87	$8.93	$1.80
Adjusted Weighted Average Basic Shares Outstanding	28.66M	28.65M	28.18M
Adjusted Diluted Earnings per Share	$2.61	$8.31	$1.71
Adjusted Weighted Average Diluted Shares Outstanding	31.51M	30.78M	29.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.18M	28.67M	26.51M
Normalized Net Operating Profit after Tax (NOPAT)	148	317	80
Normalized NOPAT Margin	13.20%	30.13%	12.00%
Pre Tax Income Margin	7.39%	31.52%	10.92%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	93.05	230.23	25.22
NOPAT to Interest Expense	92.46	177.37	17.58
EBIT Less CapEx to Interest Expense	60.81	180.93	14.00
NOPAT Less CapEx to Interest Expense	60.22	128.08	6.36
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	22.57%	42.00%
Augmented Payout Ratio	62.18%	26.14%	222.44%

This table displays calculated financial ratios and metrics derived from Golden Entertainment's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.21%	-0.80%	1.61%	-0.93%	-7.62%	-17.52%	-37.40%	-41.63%	-37.44%	-28.82%
EBITDA Growth	-17.16%	-1.97%	-5.05%	-18.01%	475.75%	-50.76%	80.30%	-37.10%	-91.42%	16.59%
EBIT Growth	-22.49%	2.70%	-0.72%	-19.85%	823.51%	-79.91%	145.46%	-62.13%	-97.92%	64.71%
NOPAT Growth	-43.66%	-34.18%	-60.94%	-19.23%	889.62%	-77.98%	83.80%	-33.70%	-98.14%	71.32%
Net Income Growth	-51.80%	-42.11%	-67.75%	-42.12%	1,622.60%	-184.76%	260.82%	-94.93%	-97.86%	131.78%
EPS Growth	-50.55%	-28.85%	-66.07%	-40.30%	1,640.00%	-181.08%	260.53%	-95.00%	-97.70%	146.67%
Operating Cash Flow Growth	-72.11%	-50.72%	25.34%	-2.56%	-24.23%	-139.83%	-52.71%	-53.58%	-18.01%	347.01%
Free Cash Flow Firm Growth	-50.50%	-62.00%	96.86%	56.17%	593.77%	371.51%	-35.29%	-53.04%	-96.60%	-72.15%
Invested Capital Growth	-3.93%	-2.06%	-17.28%	-16.54%	-21.35%	-19.25%	-10.12%	-8.75%	-1.38%	-5.83%
Revenue Q/Q Growth	-3.59%	0.26%	-0.59%	3.10%	-10.10%	-10.49%	-24.55%	-3.86%	-3.65%	1.84%
EBITDA Q/Q Growth	-15.19%	0.56%	-5.53%	1.76%	495.58%	-91.40%	245.92%	-64.50%	-18.80%	16.93%
EBIT Q/Q Growth	-21.39%	1.04%	-7.82%	9.46%	805.78%	-97.80%	1,026.38%	-83.11%	-50.29%	74.18%
NOPAT Q/Q Growth	-22.18%	-11.60%	16.48%	0.80%	853.49%	-98.03%	872.17%	-63.64%	-73.25%	81.18%
Net Income Q/Q Growth	-34.01%	-21.04%	5.18%	5.61%	1,863.98%	-103.89%	547.75%	-98.52%	729.37%	-42.37%
EPS Q/Q Growth	-32.84%	-17.78%	2.70%	5.26%	1,857.50%	-103.83%	556.67%	-98.54%	800.00%	-22.22%
Operating Cash Flow Q/Q Growth	-23.75%	-36.81%	138.17%	-15.09%	-40.71%	-133.22%	382.78%	-16.65%	4.72%	0.07%
Free Cash Flow Firm Q/Q Growth	-48.14%	-34.73%	382.81%	-4.44%	130.38%	-55.64%	-33.74%	-30.65%	-83.33%	263.68%
Invested Capital Q/Q Growth	-2.66%	0.90%	-14.96%	-0.08%	-8.26%	3.59%	-5.34%	1.44%	-0.85%	-1.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.28%	44.19%	43.99%	46.15%	43.98%	46.63%	55.59%	57.26%	56.23%	56.07%
EBITDA Margin	21.60%	21.66%	20.59%	20.32%	134.60%	12.93%	59.29%	21.89%	18.45%	21.18%
Operating Margin	12.56%	12.66%	11.74%	12.47%	125.60%	3.08%	46.05%	8.09%	4.17%	7.14%
EBIT Margin	12.56%	12.66%	11.74%	12.47%	125.60%	3.08%	46.05%	8.09%	4.17%	7.14%
Profit (Net Income) Margin	5.02%	3.95%	4.18%	4.28%	93.59%	-4.06%	24.11%	0.37%	3.20%	1.81%
Tax Burden Percent	72.99%	63.86%	80.69%	74.30%	78.21%	126.92%	60.42%	130.06%	-419.74%	72.81%
Interest Burden Percent	54.73%	48.89%	44.15%	46.25%	95.27%	-103.78%	86.67%	3.54%	-18.30%	34.90%
Effective Tax Rate	27.01%	36.14%	19.31%	25.70%	21.79%	0.00%	39.58%	-30.06%	0.00%	27.19%
Return on Invested Capital (ROIC)	9.37%	8.25%	10.44%	10.24%	112.45%	2.31%	30.07%	9.88%	2.54%	4.06%
ROIC Less NNEP Spread (ROIC-NNEP)	7.87%	6.74%	8.28%	8.10%	110.12%	-0.36%	28.52%	5.93%	2.69%	2.46%
Return on Net Nonoperating Assets (RNNOA)	18.45%	15.29%	16.38%	15.30%	126.09%	-0.43%	25.80%	5.63%	1.59%	1.69%
Return on Equity (ROE)	27.82%	23.54%	26.83%	25.54%	238.54%	1.88%	55.87%	15.50%	4.13%	5.75%
Cash Return on Invested Capital (CROIC)	18.27%	15.46%	29.42%	27.96%	58.28%	52.59%	48.27%	44.69%	9.38%	15.17%
Operating Return on Assets (OROA)	8.85%	9.09%	8.52%	9.21%	89.53%	2.19%	29.12%	5.02%	2.31%	3.76%
Return on Assets (ROA)	3.53%	2.84%	3.03%	3.17%	66.72%	-2.89%	15.25%	0.23%	1.78%	0.96%
Return on Common Equity (ROCE)	27.82%	23.54%	26.83%	25.54%	238.54%	1.88%	55.87%	15.50%	4.13%	5.75%
Return on Equity Simple (ROE_SIMPLE)	25.66%	0.00%	16.43%	13.31%	50.62%	0.00%	50.22%	50.91%	7.48%	0.00%
Net Operating Profit after Tax (NOPAT)	26	23	26	27	253	4.98	48	18	4.71	8.53
NOPAT Margin	9.17%	8.09%	9.47%	9.26%	98.24%	2.16%	27.82%	10.52%	2.92%	5.20%
Net Nonoperating Expense Percent (NNEP)	1.50%	1.52%	2.17%	2.15%	2.33%	2.67%	1.55%	3.95%	-0.15%	1.60%
Return On Investment Capital (ROIC_SIMPLE)	-	1.80%	-	-	-	0.41%	-	-	-	0.96%
Cost of Revenue to Revenue	55.72%	55.81%	56.01%	53.85%	56.02%	53.37%	44.41%	42.74%	43.77%	43.93%
SG&A Expenses to Revenue	22.91%	15.72%	23.69%	26.16%	28.41%	17.98%	36.81%	35.18%	38.04%	25.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.71%	31.53%	32.25%	33.68%	-81.62%	43.55%	9.54%	49.17%	52.06%	48.93%
Earnings before Interest and Taxes (EBIT)	35	35	33	36	324	7.12	80	14	6.73	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	60	61	57	58	347	30	103	37	30	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.64	2.78	3.26	3.07	1.77	2.06	1.84	1.67	1.75	1.83
Price to Tangible Book Value (P/TBV)	9.09	9.36	5.17	4.74	2.32	2.77	2.42	2.28	2.43	2.59
Price to Revenue (P/Rev)	0.83	0.88	1.02	1.00	0.87	1.05	1.10	1.09	1.23	1.30
Price to Earnings (P/E)	10.30	11.93	19.83	23.05	3.49	4.33	3.66	3.28	23.45	17.09
Dividend Yield	0.00%	0.00%	0.00%	0.00%	5.99%	5.17%	6.16%	8.04%	2.36%	3.16%
Earnings Yield	9.70%	8.38%	5.04%	4.34%	28.66%	23.10%	27.32%	30.47%	4.26%	5.85%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.61	2.10	2.06	1.68	1.84	1.57	1.43	1.46	1.47
Enterprise Value to Revenue (EV/Rev)	1.50	1.56	1.72	1.70	1.29	1.53	1.38	1.45	1.67	1.83
Enterprise Value to EBITDA (EV/EBITDA)	6.66	6.93	7.79	8.06	2.72	3.28	2.43	2.33	6.13	5.97
Enterprise Value to EBIT (EV/EBIT)	11.48	11.81	13.13	13.72	3.33	4.04	2.93	2.84	11.38	10.88
Enterprise Value to NOPAT (EV/NOPAT)	10.76	11.88	18.07	18.89	4.30	5.24	3.96	3.84	18.17	15.61
Enterprise Value to Operating Cash Flow (EV/OCF)	9.71	11.63	12.03	11.91	9.42	13.53	14.47	18.36	20.15	13.21
Enterprise Value to Free Cash Flow (EV/FCFF)	8.40	10.28	6.45	6.71	2.54	3.12	3.09	3.05	15.48	9.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.63	2.55	2.56	2.44	1.32	1.23	1.17	0.73	0.76	0.87
Long-Term Debt to Equity	2.63	2.55	2.56	2.43	1.31	1.22	1.16	0.72	0.75	0.85
Financial Leverage	2.35	2.27	1.98	1.89	1.15	1.21	0.90	0.95	0.59	0.69
Leverage Ratio	4.85	4.65	4.53	4.33	3.44	3.32	3.26	2.95	2.50	2.50
Compound Leverage Factor	2.66	2.27	2.00	2.00	3.28	-3.45	2.82	0.10	-0.46	0.87
Debt to Total Capital	72.47%	71.86%	71.90%	70.90%	56.94%	55.22%	53.90%	42.16%	43.28%	46.40%
Short-Term Debt to Total Capital	0.04%	0.04%	0.04%	0.10%	0.39%	0.38%	0.42%	0.50%	0.59%	0.60%
Long-Term Debt to Total Capital	72.43%	71.81%	71.86%	70.80%	56.55%	54.84%	53.48%	41.66%	42.70%	45.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	27.53%	28.14%	28.10%	29.10%	43.06%	44.78%	46.10%	57.84%	56.72%	53.60%
Debt to EBITDA	3.66	3.57	3.62	3.80	1.38	1.35	1.24	0.76	1.96	2.01
Net Debt to EBITDA	2.99	3.03	3.18	3.28	0.88	1.03	0.49	0.59	1.62	1.73
Long-Term Debt to EBITDA	3.66	3.57	3.62	3.79	1.37	1.34	1.23	0.75	1.94	1.98
Debt to NOPAT	5.91	6.13	8.40	8.90	2.18	2.16	2.02	1.25	5.82	5.25
Net Debt to NOPAT	4.82	5.20	7.37	7.70	1.39	1.64	0.79	0.97	4.80	4.52
Long-Term Debt to NOPAT	5.91	6.12	8.40	8.88	2.16	2.14	2.00	1.24	5.74	5.19
Altman Z-Score	1.25	1.30	1.55	1.58	2.28	1.72	1.78	1.61	1.66	1.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.91	1.84	2.81	3.01	2.48	2.35	2.36	0.77	1.11	1.03
Quick Ratio	1.38	1.19	0.78	0.89	1.36	1.00	2.22	0.62	0.87	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	70	45	220	210	483	214	142	99	16	60
Operating Cash Flow to CapEx	290.53%	128.09%	219.40%	160.86%	154.33%	-65.03%	158.65%	122.25%	286.90%	275.15%
Free Cash Flow to Firm to Interest Expense	440.88	255.44	0.00	517.96	0.00	0.00	0.00	22.16	0.00	0.00
Operating Cash Flow to Interest Expense	229.39	128.66	0.00	114.36	0.00	0.00	0.00	4.84	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	150.43	28.22	0.00	43.27	0.00	0.00	0.00	0.88	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.72	0.73	0.74	0.71	0.71	0.63	0.62	0.55	0.53
Accounts Receivable Turnover	53.88	57.21	63.21	72.07	58.52	56.25	57.90	56.33	48.48	44.27
Inventory Turnover	98.52	83.67	85.01	83.05	86.70	71.25	68.78	56.22	45.82	36.20
Fixed Asset Turnover	1.28	1.29	1.32	1.33	1.34	1.29	1.19	1.04	0.93	0.87
Accounts Payable Turnover	34.58	27.89	29.97	31.92	29.76	26.33	21.68	22.37	16.47	14.43
Days Sales Outstanding (DSO)	6.77	6.38	5.77	5.06	6.24	6.49	6.30	6.48	7.53	8.25
Days Inventory Outstanding (DIO)	3.70	4.36	4.29	4.40	4.21	5.12	5.31	6.49	7.97	10.08
Days Payable Outstanding (DPO)	10.55	13.09	12.18	11.44	12.26	13.86	16.84	16.32	22.16	25.29
Cash Conversion Cycle (CCC)	-0.08	-2.35	-2.11	-1.98	-1.82	-2.25	-5.23	-3.34	-6.66	-6.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,078	1,088	925	924	848	878	831	843	836	827
Invested Capital Turnover	1.02	1.02	1.10	1.11	1.14	1.07	1.08	0.94	0.87	0.78
Increase / (Decrease) in Invested Capital	-44	-23	-193	-183	-230	-209	-94	-81	-12	-51
Enterprise Value (EV)	1,688	1,747	1,940	1,905	1,424	1,613	1,309	1,205	1,223	1,220
Market Capitalization	931	983	1,148	1,129	964	1,107	1,047	901	900	867
Book Value per Share	$12.36	$12.38	$12.51	$12.76	$18.90	$18.79	$19.87	$18.62	$18.12	$17.29
Tangible Book Value per Share	$3.59	$3.68	$7.88	$8.25	$14.40	$13.96	$15.06	$13.66	$13.07	$12.19
Total Capital	1,279	1,254	1,254	1,265	1,267	1,201	1,236	932	905	885
Total Debt	927	901	902	897	721	663	666	393	392	411
Total Long-Term Debt	927	900	901	896	716	659	661	388	386	405
Net Debt	757	764	791	776	460	506	262	304	323	353
Capital Expenditures (CapEx)	12	18	25	29	18	14	16	18	7.85	8.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-43	-24	184	181	47	82	-140	-123	-53	-50
Debt-free Net Working Capital (DFNWC)	127	112	294	302	308	240	265	-35	16	8.11
Net Working Capital (NWC)	127	112	294	300	303	235	260	-39	11	2.81
Net Nonoperating Expense (NNE)	12	12	15	14	12	14	6.46	17	-0.46	5.55
Net Nonoperating Obligations (NNO)	726	735	573	556	302	341	262	304	323	353
Total Depreciation and Amortization (D&A)	25	25	25	23	23	23	23	23	23	23
Debt-free, Cash-free Net Working Capital to Revenue	-3.83%	-2.18%	16.32%	16.10%	4.25%	7.80%	-14.71%	-14.84%	-7.16%	-7.44%
Debt-free Net Working Capital to Revenue	11.34%	10.02%	26.13%	26.85%	27.95%	22.76%	27.89%	-4.16%	2.19%	1.22%
Net Working Capital to Revenue	11.29%	9.97%	26.09%	26.74%	27.50%	22.32%	27.35%	-4.73%	1.46%	0.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.40	$0.41	$0.43	$8.37	($0.28)	$1.46	$0.02	$0.18	$0.14
Adjusted Weighted Average Basic Shares Outstanding	28.51M	28.66M	28.31M	28.85M	28.83M	28.65M	28.72M	28.80M	28.15M	28.18M
Adjusted Diluted Earnings per Share	$0.45	$0.37	$0.38	$0.40	$7.83	($0.30)	$1.37	$0.02	$0.18	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	31.15M	31.51M	30.90M	30.72M	30.79M	30.78M	30.68M	30.23M	29.41M	29.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.51M	28.18M	28.84M	28.86M	28.62M	28.67M	28.95M	28.31M	27.43M	26.51M
Normalized Net Operating Profit after Tax (NOPAT)	26	23	27	27	253	5.04	49	9.48	4.69	8.65
Normalized NOPAT Margin	9.24%	8.11%	9.56%	9.29%	98.25%	2.18%	27.87%	5.66%	2.91%	5.27%
Pre Tax Income Margin	6.88%	6.19%	5.18%	5.77%	119.66%	-3.20%	39.91%	0.29%	-0.76%	2.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	221.85	198.98	0.00	88.24	0.00	0.00	0.00	3.04	0.00	0.00
NOPAT to Interest Expense	161.93	127.06	0.00	65.56	0.00	0.00	0.00	3.96	0.00	0.00
EBIT Less CapEx to Interest Expense	142.89	98.53	0.00	17.15	0.00	0.00	0.00	-0.91	0.00	0.00
NOPAT Less CapEx to Interest Expense	82.97	26.62	0.00	-5.53	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	20.90%	22.57%	0.00%	23.67%	37.41%	42.00%
Augmented Payout Ratio	53.42%	62.18%	0.00%	27.63%	29.11%	26.14%	0.00%	37.76%	179.77%	222.44%

Frequently Asked Questions About Golden Entertainment's Financials

When does Golden Entertainment's fiscal year end?

According to the most recent income statement we have on file, Golden Entertainment's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Golden Entertainment's net income changed over the last 2 years?

Golden Entertainment's net income appears to be on a downward trend, with a most recent value of $50.73 million in 2024, falling from $82.35 million in 2022. The previous period was $255.76 million in 2023.

What is Golden Entertainment's operating income?

Golden Entertainment's total operating income in 2024 was $112.12 million, based on the following breakdown:

Total Gross Profit: $375.29 million
Total Operating Expenses: $263.17 million

How has Golden Entertainment revenue changed over the last 2 years?

Over the last 2 years, Golden Entertainment's total revenue changed from $1.12 billion in 2022 to $666.82 million in 2024, a change of -40.6%.

How much debt does Golden Entertainment have?

Golden Entertainment's total liabilities were at $605.68 million at the end of 2024, a 33.8% decrease from 2023, and a 47.6% decrease since 2022.

How much cash does Golden Entertainment have?

In the past 2 years, Golden Entertainment's cash and equivalents has ranged from $57.73 million in 2024 to $157.55 million in 2023, and is currently $57.73 million as of their latest financial filing in 2024.

How has Golden Entertainment's book value per share changed over the last 2 years?

Over the last 2 years, Golden Entertainment's book value per share changed from 12.38 in 2022 to 17.29 in 2024, a change of 39.6%.

Remove Ads

Related Companies

This page (NASDAQ:GDEN) was last updated on 4/16/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Golden Entertainment (GDEN) Financials

Frequently Asked Questions About Golden Entertainment's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Golden Entertainment (GDEN) Financials

Annual Income Statements for Golden Entertainment

Quarterly Income Statements for Golden Entertainment

Annual Cash Flow Statements for Golden Entertainment

Quarterly Cash Flow Statements for Golden Entertainment

Annual Balance Sheets for Golden Entertainment

Quarterly Balance Sheets for Golden Entertainment

Annual Metrics and Ratios for Golden Entertainment

Quarterly Metrics and Ratios for Golden Entertainment

Frequently Asked Questions About Golden Entertainment's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools