Red Rock Resorts (RRR) Financials

$41.30 +0.22 (+0.54%)

As of 12:44 PM Eastern

Annual Income Statements for Red Rock Resorts

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	138	92	35	158	-3.35	-150	242	205	176	154
Consolidated Net Income / (Loss)	143	156	64	219	-6.74	-175	355	390	338	291
Net Income / (Loss) Continuing Operations	143	156	64	219	-6.74	-175	355	390	338	291
Total Pre-Tax Income	143	164	198	243	-8.47	-60	286	435	381	328
Total Operating Income	287	310	331	372	186	89	402	561	559	569
Total Gross Profit	795	850	883	887	907	681	1,065	1,075	1,098	1,195
Total Revenue	1,352	1,476	1,642	1,681	1,857	1,182	1,618	1,664	1,724	1,939
Operating Revenue	1,385	1,402	1,642	1,681	1,857	1,182	1,618	1,664	1,724	1,939
Total Cost of Revenue	557	626	759	794	950	501	552	589	626	744
Operating Cost of Revenue	557	626	759	794	950	501	552	589	626	744
Total Operating Expenses	508	540	552	515	721	593	664	514	539	626
Selling, General & Admin Expense	353	358	381	390	416	325	347	353	374	432
Depreciation Expense	138	157	178	180	222	231	158	128	133	187
Other Operating Expenses / (Income)	11	25	-9.37	-56	82	37	-19	-48	32	6.71
Impairment Charge	6.30	0.00	1.83	-	-	0.00	178	80	0.00	0.00
Total Other Income / (Expense), net	-144	-146	-135	-131	-194	-149	-116	-126	-178	-240
Interest Expense	145	147	148	143	177	128	117	130	181	243
Interest & Investment Income	0.81	1.91	1.63	2.19	1.93	1.10	3.29	3.47	3.10	2.45
Other Income / (Expense), net	-0.00	0.04	14	12	-20	-22	-2.59	0.00	0.00	0.27
Income Tax Expense	0.00	8.24	135	24	-1.73	114	-69	45	43	37
Net Income / (Loss) Attributable to Noncontrolling Interest	5.59	64	28	62	-3.39	-24	113	185	162	137
Basic Earnings per Share	$1.53	$1.04	$0.53	$2.28	($0.05)	($2.13)	$3.50	$3.48	$3.04	$2.61
Weighted Average Basic Shares Outstanding	9.89M	34.14M	67.40M	69.12M	69.57M	70.54M	69.07M	58.98M	57.88M	59.03M
Diluted Earnings per Share	$1.53	$1.03	$0.42	$1.77	($0.05)	($2.13)	$2.84	$3.36	$2.94	$2.53
Weighted Average Diluted Shares Outstanding	9.89M	34.29M	115.93M	116.86M	69.57M	70.54M	116.45M	104.66M	103.22M	103.67M
Weighted Average Basic & Diluted Shares Outstanding	90M	89.30M	68.10M	116.62M	117.29M	117.31M	107.26M	104.14M	105.19M	106.04M

This table shows Red Rock Resorts' 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	50	92	45	40	36	56	43	36	29	47
Consolidated Net Income / (Loss)	95	170	86	75	68	109	78	70	55	88
Net Income / (Loss) Continuing Operations	95	170	86	75	68	109	78	70	55	88
Total Pre-Tax Income	107	182	96	83	78	124	85	82	63	99
Total Operating Income	141	222	137	127	123	172	156	140	131	142
Total Gross Profit	268	274	280	263	262	292	307	300	284	303
Total Revenue	414	425	434	416	412	463	489	486	468	496
Operating Revenue	414	425	434	416	412	463	489	486	468	496
Total Cost of Revenue	146	152	153	153	150	171	182	186	184	193
Operating Cost of Revenue	146	152	153	153	150	171	182	186	184	193
Total Operating Expenses	127	52	143	136	139	120	152	160	154	160
Selling, General & Admin Expense	92	85	93	93	92	97	105	111	109	107
Depreciation Expense	31	31	31	33	33	36	45	47	47	48
Other Operating Expenses / (Income)	3.86	-64	20	-	15	-	2.14	2.19	-2.59	4.96
Total Other Income / (Expense), net	-33	-39	-42	-44	-45	-47	-72	-59	-67	-43
Interest Expense	34	40	42	44	46	49	72	57	58	56
Interest & Investment Income	0.82	0.79	0.90	0.75	0.64	0.80	0.72	0.72	0.55	0.45
Other Income / (Expense), net	0.00	-	0.00	0.00	0.00	-	0.00	-1.92	-9.75	12
Income Tax Expense	12	12	10	8.42	9.25	15	6.27	12	8.06	11
Net Income / (Loss) Attributable to Noncontrolling Interest	46	78	41	35	33	53	36	34	26	41
Basic Earnings per Share	$0.86	$1.57	$0.77	$0.68	$0.61	$0.98	$0.73	$0.60	$0.49	$0.79
Weighted Average Basic Shares Outstanding	57.89M	58.98M	57.65M	57.83M	57.96M	57.88M	58.78M	59.07M	59.09M	59.03M
Diluted Earnings per Share	$0.83	$1.50	$0.75	$0.65	$0.60	$0.94	$0.68	$0.59	$0.48	$0.78
Weighted Average Diluted Shares Outstanding	103.01M	104.66M	103.19M	103.33M	103.21M	103.22M	103.73M	60.75M	103.69M	103.67M
Weighted Average Basic & Diluted Shares Outstanding	103.99M	104.14M	104.19M	104.38M	104.38M	105.19M	105.60M	105.60M	105.62M	106.04M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-6.69	20	99	-116	19	-7.21	367	-190	-2.28	34
Net Cash From Operating Activities	349	346	290	346	317	213	610	542	494	548
Net Cash From Continuing Operating Activities	349	346	290	346	320	-67	796	542	472	556
Net Income / (Loss) Continuing Operations	143	156	64	219	-6.74	-175	355	390	338	291
Consolidated Net Income / (Loss)	143	156	64	219	-6.74	-175	355	390	338	291
Depreciation Expense	138	157	178	180	222	231	158	128	133	187
Amortization Expense	19	17	17	16	16	10	9.59	9.63	9.61	7.40
Non-Cash Adjustments To Reconcile Net Income	42	7.60	26	-18	61	39	197	20	-11	27
Changes in Operating Assets and Liabilities, net	7.11	8.71	5.17	-51	28	-174	76	-7.13	3.06	43
Net Cash From Investing Activities	-106	-442	-282	-607	-405	-70	586	-442	-654	-322
Net Cash From Continuing Investing Activities	-106	-442	-282	-607	-405	-70	586	-442	-654	-322
Purchase of Property, Plant & Equipment	-130	-162	-248	-615	-411	-58	-66	-329	-700	-284
Sale of Property, Plant & Equipment	26	11	1.05	4.70	0.94	0.58	678	122	59	0.37
Other Investing Activities, net	-3.65	12	-36	-7.19	-6.48	2.37	-13	-235	-14	-38
Net Cash From Financing Activities	-250	115	90	144	103	-150	-1,015	-290	180	-200
Net Cash From Continuing Financing Activities	-250	115	90	144	103	-150	-1,015	-290	180	-200
Repayment of Debt	-94	-1,641	-1,198	-225	-582	-1,946	-1,243	-172	-140	-2,471
Repurchase of Common Equity	-	-	-	-	-0.38	0.00	-503	-142	0.00	-3.92
Payment of Dividends	-222	-638	-65	-48	-47	-12	-441	-269	-135	-245
Issuance of Debt	75	1,873	1,356	440	733	1,808	1,175	298	477	2,536
Other Financing Activities, net	-8.95	-11	-1.98	-23	-	0.32	-2.25	-4.53	-21	-16
Cash Interest Paid	122	116	119	124	143	109	98	120	171	210
Cash Income Taxes Paid	0.00	9.50	9.16	0.18	-0.06	0.00	4.14	31	21	30

This table details how cash moves in and out of Red Rock Resorts' 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	-155	16	-9.58	-6.76	22	-7.82	-17	5.57	-38	84
Net Cash From Operating Activities	140	125	141	95	100	159	126	143	131	148
Net Cash From Continuing Operating Activities	140	124	141	95	100	136	118	141	112	185
Net Income / (Loss) Continuing Operations	95	170	86	75	68	109	78	70	55	88
Consolidated Net Income / (Loss)	95	170	86	75	68	109	78	70	55	88
Depreciation Expense	31	31	31	33	33	36	45	47	47	48
Amortization Expense	2.40	2.39	2.37	2.39	2.41	2.44	2.29	1.67	1.70	1.74
Non-Cash Adjustments To Reconcile Net Income	6.71	-53	0.21	1.02	3.12	-16	-6.45	11	-7.41	30
Changes in Operating Assets and Liabilities, net	4.44	-27	21	-16	-6.27	4.39	-1.48	12	15	17
Net Cash From Investing Activities	-265	-72	-180	-204	-136	-133	-100	-85	-101	-36
Net Cash From Continuing Investing Activities	-265	-72	-180	-204	-136	-133	-100	-85	-101	-36
Purchase of Property, Plant & Equipment	-97	-130	-175	-202	-135	-187	-98	-79	-80	-27
Sale of Property, Plant & Equipment	2.71	119	0.00	-	-	59	0.00	-	-	0.37
Other Investing Activities, net	-171	-61	-4.47	-2.56	-0.99	-5.53	-1.91	-6.49	-21	-9.30
Net Cash From Financing Activities	-30	-36	30	103	58	-11	-34	-51	-49	-66
Net Cash From Continuing Financing Activities	-30	-36	30	103	58	-11	-34	-51	-49	-66
Repayment of Debt	-40	-120	-6.49	-42	-6.49	-86	-2,306	-40	-50	-74
Payment of Dividends	-45	-139	-27	-47	-35	-26	-132	-37	-45	-31
Issuance of Debt	75	223	73	197	101	106	2,416	31	49	40
Other Financing Activities, net	-0.55	-0.63	-10	-5.42	-0.57	-5.26	-13	-0.31	-2.63	-0.03
Cash Interest Paid	34	35	47	47	54	22	50	40	78	41
Cash Income Taxes Paid	7.40	6.20	0.00	15	6.30	-	0.00	9.60	14	6.70

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,932	3,526	3,620	4,010	4,114	3,740	3,140	3,346	3,955	4,046
Total Current Assets	212	250	342	262	282	225	379	221	282	295
Cash & Equivalents	116	134	231	115	129	121	275	117	138	164
Restricted Cash	0.00	2.38	3.28	3.65	4.08	4.53	-	0.00	0.00	0.00
Accounts Receivable	36	44	49	51	57	35	37	44	62	64
Inventories, net	10	12	13	15	18	13	12	13	15	16
Prepaid Expenses	8.87	11	19	34	18	14	20	24	28	23
Current Deferred & Refundable Income Taxes	20	28	22	23	24	24	27	23	39	28
Plant, Property, & Equipment, net	2,141	2,438	2,542	3,012	3,062	2,858	2,010	2,195	2,772	2,782
Total Noncurrent Assets	580	838	736	735	771	657	752	930	900	968
Goodwill	196	196	196	196	196	196	196	196	196	196
Intangible Assets	150	149	128	117	109	101	87	84	83	81
Noncurrent Deferred & Refundable Income Taxes	0.00	244	133	112	113	0.00	99	76	43	56
Other Noncurrent Operating Assets	202	238	270	302	345	353	371	574	579	635
Total Liabilities & Shareholders' Equity	2,932	3,526	3,620	4,010	4,114	3,740	3,140	3,346	3,955	4,046
Total Liabilities	2,358	2,893	2,988	3,193	3,332	3,135	3,090	3,314	3,711	3,739
Total Current Liabilities	259	247	245	334	276	200	205	293	349	325
Short-Term Debt	89	46	30	34	34	23	26	26	26	53
Accounts Payable	24	31	22	26	34	11	17	11	25	32
Accrued Expenses	132	153	183	266	201	146	147	235	280	212
Current Deferred & Payable Income Tax Liabilities	-	1.02	0.02	0.00	-	-	0.00	6.63	1.66	1.35
Other Current Nonoperating Liabilities	14	16	11	7.42	7.48	20	14	14	16	27
Total Noncurrent Liabilities	2,099	2,646	2,743	2,859	3,056	2,935	2,885	3,020	3,361	3,413
Long-Term Debt	2,066	2,376	2,588	2,821	2,999	2,879	2,828	2,959	3,302	3,355
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	257	142	25	25	27	27	22	20	19
Other Noncurrent Operating Liabilities	33	12	14	12	31	28	31	40	39	40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	574	633	632	817	783	605	50	32	244	307
Total Preferred & Common Equity	553	350	379	520	501	353	59	44	169	215
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	553	350	379	520	501	353	59	44	169	215
Common Stock	0.00	330	350	363	377	386	56	0.58	7.94	19
Retained Earnings	0.00	18	26	156	124	-33	3.85	43	161	196
Noncontrolling Interest	21	284	253	297	282	252	-9.46	-12	75	92

This table presents Red Rock Resorts' 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	3,204	3,517	3,688	3,861	3,980	4,013	3,995
Total Current Assets	212	218	210	290	275	286	267
Cash & Equivalents	101	108	101	123	130	136	117
Accounts Receivable	35	44	42	77	63	66	63
Inventories, net	13	13	14	14	16	16	17
Prepaid Expenses	28	27	28	33	30	31	35
Current Deferred & Refundable Income Taxes	28	26	26	25	37	38	35
Plant, Property, & Equipment, net	2,097	2,364	2,534	2,632	2,795	2,805	2,787
Total Noncurrent Assets	894	936	944	940	910	923	941
Goodwill	196	196	196	196	196	196	196
Intangible Assets	85	84	84	83	82	82	82
Noncurrent Deferred & Refundable Income Taxes	95	76	77	77	43	51	49
Other Noncurrent Operating Assets	519	579	588	584	589	594	616
Total Liabilities & Shareholders' Equity	3,204	3,517	3,688	3,861	3,980	4,013	3,995
Total Liabilities	3,196	3,424	3,567	3,704	3,795	3,788	3,755
Total Current Liabilities	289	336	320	362	307	305	261
Short-Term Debt	26	26	26	26	17	21	17
Accounts Payable	14	16	11	13	20	23	34
Accrued Expenses	226	269	262	301	249	225	195
Current Deferred & Payable Income Tax Liabilities	9.67	12	5.58	8.62	1.17	1.17	1.17
Other Current Nonoperating Liabilities	12	12	14	13	20	36	14
Total Noncurrent Liabilities	2,907	3,088	3,247	3,341	3,488	3,482	3,494
Long-Term Debt	2,854	3,027	3,184	3,280	3,430	3,419	3,423
Other Noncurrent Operating Liabilities	53	61	63	62	59	63	71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8.10	94	121	158	185	226	240
Total Preferred & Common Equity	32	75	100	123	135	159	176
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	32	75	100	123	135	159	176
Common Stock	0.58	1.75	1.69	4.05	5.92	8.88	11
Retained Earnings	32	73	98	119	129	150	164
Noncontrolling Interest	-24	19	21	34	50	67	64

This table displays calculated financial ratios and metrics derived from Red Rock Resorts' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.69%	9.14%	11.27%	2.37%	10.44%	-36.31%	36.83%	2.84%	3.62%	12.47%
EBITDA Growth	-1.13%	8.97%	11.69%	7.44%	-30.28%	-23.79%	83.56%	23.48%	0.22%	8.94%
EBIT Growth	0.40%	7.86%	11.39%	11.37%	-56.74%	-59.89%	498.43%	40.70%	-0.47%	1.84%
NOPAT Growth	21.15%	2.43%	-63.92%	216.31%	-61.21%	-52.37%	704.64%	0.97%	-1.63%	1.84%
Net Income Growth	61.71%	8.87%	-59.26%	245.46%	-103.07%	-2,490.81%	303.29%	10.01%	-13.47%	-13.76%
EPS Growth	36.61%	-32.68%	-59.22%	321.43%	-102.82%	-4,160.00%	233.33%	18.31%	-12.50%	-13.95%
Operating Cash Flow Growth	29.52%	-0.86%	-16.30%	19.33%	-8.49%	-32.80%	186.65%	-11.11%	-8.83%	10.91%
Free Cash Flow Firm Growth	0.00%	99.19%	183.19%	-1,390.21%	100.61%	28,441.25%	256.24%	-81.41%	-117.16%	1,045.97%
Invested Capital Growth	0.00%	11.98%	3.09%	17.82%	3.63%	-7.84%	-22.11%	10.28%	18.37%	3.70%
Revenue Q/Q Growth	0.00%	4.97%	-1.06%	1.89%	1.60%	-9.03%	5.13%	0.19%	2.21%	1.73%
EBITDA Q/Q Growth	0.00%	-0.81%	39.16%	-21.96%	4.07%	5.03%	11.06%	9.41%	-5.96%	-0.84%
EBIT Q/Q Growth	0.00%	-3.67%	78.12%	-30.28%	3.08%	32.68%	25.40%	12.51%	-8.15%	-3.02%
NOPAT Q/Q Growth	0.00%	-8.49%	-47.08%	6.89%	-5.98%	26.40%	58.04%	-8.50%	-10.39%	-4.52%
Net Income Q/Q Growth	0.00%	-4.46%	7.95%	-13.00%	-1,584.25%	19.69%	73.64%	-7.11%	-15.36%	-6.78%
EPS Q/Q Growth	0.00%	0.00%	61.54%	-11.94%	-150.00%	-460.53%	616.36%	-5.88%	-16.00%	-5.95%
Operating Cash Flow Q/Q Growth	0.00%	2.56%	0.35%	-6.33%	4.96%	14.69%	0.98%	-1.52%	7.42%	-1.92%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-90.35%	-42.85%	100.70%	7.82%	-1.84%	-8.73%	-337.18%	23.26%
Invested Capital Q/Q Growth	0.00%	0.12%	1.87%	4.02%	-1.26%	-1.72%	5.90%	4.39%	2.86%	0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.82%	57.58%	53.76%	52.76%	48.83%	57.60%	65.85%	64.62%	63.67%	61.62%
EBITDA Margin	32.84%	32.79%	32.91%	34.54%	21.81%	26.09%	35.00%	42.03%	40.65%	39.37%
Operating Margin	21.24%	20.99%	20.17%	22.14%	10.02%	7.49%	24.82%	33.74%	32.40%	29.33%
EBIT Margin	21.24%	20.99%	21.01%	22.86%	8.95%	5.64%	24.66%	33.74%	32.40%	29.34%
Profit (Net Income) Margin	10.59%	10.57%	3.87%	13.06%	-0.36%	-14.76%	21.93%	23.46%	19.59%	15.02%
Tax Burden Percent	99.88%	94.98%	32.04%	90.19%	79.53%	288.68%	124.27%	89.76%	88.71%	88.75%
Interest Burden Percent	49.94%	53.01%	57.48%	63.33%	-5.10%	-90.69%	71.57%	77.48%	68.15%	57.68%
Effective Tax Rate	0.00%	5.02%	67.96%	9.81%	0.00%	0.00%	-24.27%	10.24%	11.29%	11.25%
Return on Invested Capital (ROIC)	21.99%	10.63%	3.57%	10.22%	3.60%	1.75%	16.53%	18.13%	15.58%	14.37%
ROIC Less NNEP Spread (ROIC-NNEP)	7.87%	4.24%	1.75%	5.68%	-1.26%	-6.57%	11.18%	13.99%	10.39%	7.77%
Return on Net Nonoperating Assets (RNNOA)	27.95%	15.22%	6.47%	20.08%	-4.44%	-26.92%	91.86%	930.75%	229.07%	91.42%
Return on Equity (ROE)	49.94%	25.84%	10.04%	30.30%	-0.84%	-25.16%	108.40%	948.88%	244.65%	105.79%
Cash Return on Invested Capital (CROIC)	-178.01%	-0.68%	0.53%	-6.14%	0.03%	9.91%	41.40%	8.36%	-1.25%	10.73%
Operating Return on Assets (OROA)	9.79%	9.59%	9.66%	10.07%	4.09%	1.70%	11.60%	17.31%	15.31%	14.22%
Return on Assets (ROA)	4.89%	4.83%	1.78%	5.75%	-0.17%	-4.44%	10.31%	12.04%	9.25%	7.28%
Return on Common Equity (ROCE)	48.13%	19.33%	5.78%	18.79%	-0.54%	-15.48%	68.23%	1,191.10%	188.38%	73.74%
Return on Equity Simple (ROE_SIMPLE)	25.91%	44.59%	16.78%	42.24%	-1.35%	-49.50%	596.41%	891.54%	200.06%	135.44%
Net Operating Profit after Tax (NOPAT)	287	294	106	336	130	62	499	504	496	505
NOPAT Margin	21.24%	19.93%	6.46%	19.97%	7.01%	5.24%	30.84%	30.28%	28.75%	26.03%
Net Nonoperating Expense Percent (NNEP)	14.12%	6.38%	1.82%	4.54%	4.86%	8.32%	5.36%	4.15%	5.19%	6.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.70%	13.88%	13.59%
Cost of Revenue to Revenue	41.18%	42.42%	46.24%	47.24%	51.17%	42.40%	34.15%	35.38%	36.33%	38.38%
SG&A Expenses to Revenue	26.13%	24.26%	23.20%	23.23%	22.43%	27.46%	21.45%	21.22%	21.72%	22.29%
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	37.58%	36.59%	33.59%	30.62%	38.81%	50.11%	41.03%	30.88%	31.26%	32.29%
Earnings before Interest and Taxes (EBIT)	287	310	345	384	166	67	399	561	559	569
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	444	484	540	581	405	309	566	699	701	763
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	6.20	8.50	3.79	4.75	7.12	96.31	89.64	31.80	22.71
Price to Tangible Book Value (P/TBV)	0.00	445.32	58.47	9.53	12.09	44.74	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	1.47	1.96	1.17	1.28	2.12	3.54	2.36	3.11	2.52
Price to Earnings (P/E)	0.00	23.60	90.87	12.51	0.00	0.00	23.69	19.10	30.50	31.70
Dividend Yield	0.00%	1.07%	1.44%	2.37%	1.97%	1.87%	6.00%	5.30%	1.94%	4.33%
Earnings Yield	0.00%	4.24%	1.10%	7.99%	0.00%	0.00%	4.22%	5.23%	3.28%	3.15%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.62	1.94	1.41	1.51	1.63	3.14	2.33	2.50	2.30
Enterprise Value to Revenue (EV/Rev)	0.00	3.20	3.56	2.97	2.99	4.68	5.13	4.08	5.01	4.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.77	10.81	8.60	13.71	17.92	14.65	9.70	12.32	10.76
Enterprise Value to EBIT (EV/EBIT)	0.00	15.27	16.94	13.00	33.39	82.95	20.80	12.08	15.45	14.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	16.08	55.07	14.88	42.62	89.18	16.63	13.46	17.42	16.28
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	13.65	20.16	14.44	17.53	25.99	13.61	12.51	17.47	14.99
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	373.96	0.00	4,516.80	15.77	6.64	29.20	0.00	21.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.76	3.82	4.14	3.50	3.88	4.80	57.03	92.57	13.64	11.11
Long-Term Debt to Equity	3.60	3.75	4.10	3.45	3.83	4.76	56.51	91.76	13.54	10.93
Financial Leverage	3.55	3.59	3.70	3.53	3.52	4.10	8.22	66.54	22.05	11.76
Leverage Ratio	5.11	5.35	5.65	5.27	5.08	5.66	10.51	78.83	26.44	14.53
Compound Leverage Factor	2.55	2.84	3.25	3.34	-0.26	-5.13	7.52	61.08	18.02	8.38
Debt to Total Capital	78.98%	79.27%	80.56%	77.75%	79.49%	82.76%	98.28%	98.93%	93.17%	91.74%
Short-Term Debt to Total Capital	3.26%	1.51%	0.93%	0.92%	0.89%	0.65%	0.89%	0.86%	0.73%	1.42%
Long-Term Debt to Total Capital	75.72%	77.77%	79.63%	76.83%	78.60%	82.11%	97.38%	98.07%	92.44%	90.31%
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	0.76%	9.28%	7.79%	8.10%	7.39%	7.19%	-0.33%	-0.38%	2.10%	2.47%
Common Equity to Total Capital	20.26%	11.45%	11.65%	14.15%	13.12%	10.06%	2.05%	1.45%	4.73%	5.79%
Debt to EBITDA	4.85	5.01	4.84	4.92	7.49	9.41	5.04	4.27	4.75	4.46
Net Debt to EBITDA	4.56	4.70	4.39	4.70	7.14	8.97	4.55	4.10	4.55	4.25
Long-Term Debt to EBITDA	4.65	4.91	4.79	4.86	7.41	9.33	4.99	4.23	4.71	4.39
Debt to NOPAT	7.50	8.23	24.67	8.51	23.30	46.80	5.72	5.92	6.71	6.75
Net Debt to NOPAT	7.05	7.74	22.36	8.13	22.21	44.64	5.17	5.69	6.44	6.43
Long-Term Debt to NOPAT	7.19	8.08	24.38	8.40	23.04	46.43	5.67	5.87	6.66	6.65
Altman Z-Score	0.00	1.17	1.46	1.14	1.06	0.85	2.12	1.75	1.81	1.79
Noncontrolling Interest Sharing Ratio	3.62%	25.22%	42.42%	37.99%	36.21%	38.49%	37.05%	-25.53%	23.00%	30.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.82	1.01	1.39	0.79	1.02	1.12	1.85	0.75	0.81	0.91
Quick Ratio	0.59	0.72	1.14	0.50	0.67	0.78	1.52	0.55	0.57	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,325	-19	16	-202	1.23	351	1,249	232	-40	377
Operating Cash Flow to CapEx	337.31%	229.00%	117.21%	56.66%	77.29%	367.41%	0.00%	261.90%	77.20%	193.39%
Free Cash Flow to Firm to Interest Expense	-16.08	-0.13	0.11	-1.41	0.01	2.73	10.71	1.79	-0.22	1.55
Operating Cash Flow to Interest Expense	2.42	2.35	1.95	2.42	1.79	1.66	5.23	4.17	2.73	2.25
Operating Cash Flow Less CapEx to Interest Expense	1.70	1.32	0.29	-1.85	-0.53	1.21	10.48	2.58	-0.81	1.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.46	0.46	0.44	0.46	0.30	0.47	0.51	0.47	0.48
Accounts Receivable Turnover	38.08	37.34	35.59	33.59	34.37	25.76	45.02	41.40	32.67	30.70
Inventory Turnover	53.91	56.19	61.91	57.79	58.14	32.51	44.53	47.22	44.03	47.01
Fixed Asset Turnover	0.63	0.64	0.66	0.61	0.61	0.40	0.66	0.79	0.69	0.70
Accounts Payable Turnover	22.95	22.78	29.01	33.42	31.74	22.19	38.54	40.82	34.10	26.04
Days Sales Outstanding (DSO)	9.58	9.78	10.26	10.87	10.62	14.17	8.11	8.82	11.17	11.89
Days Inventory Outstanding (DIO)	6.77	6.50	5.90	6.32	6.28	11.23	8.20	7.73	8.29	7.76
Days Payable Outstanding (DPO)	15.90	16.02	12.58	10.92	11.50	16.45	9.47	8.94	10.70	14.02
Cash Conversion Cycle (CCC)	0.45	0.25	3.57	6.26	5.40	8.95	6.83	7.60	8.76	5.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,612	2,925	3,015	3,553	3,682	3,393	2,643	2,914	3,450	3,577
Invested Capital Turnover	1.04	0.53	0.55	0.51	0.51	0.33	0.54	0.60	0.54	0.55
Increase / (Decrease) in Invested Capital	2,612	313	90	537	129	-289	-750	272	535	128
Enterprise Value (EV)	0.00	4,729	5,845	4,997	5,550	5,530	8,299	6,781	8,634	8,219
Market Capitalization	0.00	2,170	3,219	1,971	2,376	2,510	5,730	3,925	5,369	4,884
Book Value per Share	$55.92	$3.02	$3.26	$4.46	$4.27	$3.01	$0.52	$0.42	$1.62	$2.04
Tangible Book Value per Share	$20.96	$0.04	$0.47	$1.77	$1.68	$0.48	($1.95)	($2.27)	($1.05)	($0.59)
Total Capital	2,729	3,056	3,250	3,672	3,816	3,507	2,904	3,017	3,572	3,714
Total Debt	2,155	2,422	2,618	2,855	3,033	2,902	2,854	2,985	3,328	3,407
Total Long-Term Debt	2,066	2,376	2,588	2,821	2,999	2,879	2,828	2,959	3,302	3,355
Net Debt	2,025	2,276	2,373	2,728	2,892	2,768	2,578	2,867	3,190	3,243
Capital Expenditures (CapEx)	104	151	247	611	410	58	-612	207	640	284
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-75	-87	-108	-156	-93	-78	-76	-163	-178	-141
Debt-free Net Working Capital (DFNWC)	42	49	126	-38	40	47	200	-46	-41	23
Net Working Capital (NWC)	-47	3.06	96	-72	5.63	24	174	-72	-67	-30
Net Nonoperating Expense (NNE)	144	138	43	116	137	237	144	113	158	213
Net Nonoperating Obligations (NNO)	2,038	2,291	2,384	2,736	2,899	2,788	2,593	2,882	3,206	3,270
Total Depreciation and Amortization (D&A)	157	174	195	196	239	242	167	138	142	195
Debt-free, Cash-free Net Working Capital to Revenue	-5.51%	-5.90%	-6.60%	-9.28%	-5.03%	-6.64%	-4.68%	-9.83%	-10.35%	-7.29%
Debt-free Net Working Capital to Revenue	3.10%	3.33%	7.70%	-2.25%	2.13%	4.00%	12.34%	-2.78%	-2.37%	1.19%
Net Working Capital to Revenue	-3.48%	0.21%	5.87%	-4.27%	0.30%	2.06%	10.74%	-4.34%	-3.88%	-1.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.03	$0.52	$2.28	($0.05)	($2.13)	$3.50	$3.48	$3.04	$2.61
Adjusted Weighted Average Basic Shares Outstanding	0.00	34.14M	67.40M	69.12M	69.57M	70.54M	69.07M	58.98M	57.88M	59.03M
Adjusted Diluted Earnings per Share	$0.00	$1.03	$0.42	$1.77	($0.05)	($2.13)	$2.84	$3.36	$2.94	$2.53
Adjusted Weighted Average Diluted Shares Outstanding	0.00	34.29M	115.93M	116.86M	69.57M	70.54M	116.45M	104.66M	103.22M	103.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.03	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	115.85M	116.18M	116.62M	117.29M	117.31M	107.26M	104.14M	105.19M	106.04M
Normalized Net Operating Profit after Tax (NOPAT)	205	294	233	336	130	62	405	576	496	505
Normalized NOPAT Margin	15.19%	19.93%	14.20%	19.97%	7.01%	5.24%	25.06%	34.60%	28.75%	26.03%
Pre Tax Income Margin	10.61%	11.13%	12.08%	14.48%	-0.46%	-5.11%	17.65%	26.14%	22.08%	16.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.99	2.10	2.33	2.69	0.94	0.52	3.42	4.32	3.09	2.34
NOPAT to Interest Expense	1.99	1.99	0.72	2.35	0.74	0.48	4.28	3.88	2.74	2.08
EBIT Less CapEx to Interest Expense	1.27	1.07	0.66	-1.58	-1.38	0.07	8.67	2.73	-0.45	1.17
NOPAT Less CapEx to Interest Expense	1.27	0.97	-0.95	-1.92	-1.58	0.03	9.52	2.29	-0.80	0.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	155.13%	408.92%	102.73%	21.70%	-692.33%	-6.83%	124.28%	68.94%	40.05%	84.14%
Augmented Payout Ratio	155.13%	408.92%	102.73%	21.70%	-697.91%	-6.83%	266.04%	105.20%	40.05%	85.49%

This table displays calculated financial ratios and metrics derived from Red Rock Resorts' 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	-0.08%	0.74%	7.97%	-1.45%	-0.68%	8.75%	12.74%	16.89%	13.70%	7.13%
EBITDA Growth	-3.00%	30.87%	2.46%	56.17%	-9.43%	-17.42%	18.71%	15.21%	7.93%	-3.06%
EBIT Growth	-1.49%	39.23%	4.96%	85.97%	-12.91%	-22.39%	13.29%	8.98%	-1.34%	-10.31%
NOPAT Growth	-12.09%	-16.83%	6.71%	108.78%	-13.81%	-27.06%	17.40%	5.16%	5.66%	-16.09%
Net Income Growth	-19.06%	-14.94%	-7.28%	130.93%	-28.32%	-36.01%	-8.37%	-6.81%	-19.05%	-19.46%
EPS Growth	-10.75%	-12.28%	-2.60%	150.00%	-27.71%	-37.33%	-9.33%	-9.23%	-20.00%	-17.02%
Operating Cash Flow Growth	-14.89%	-6.28%	-10.76%	-21.25%	-28.31%	27.38%	-10.01%	50.58%	30.75%	-6.74%
Free Cash Flow Firm Growth	-115.55%	-106.46%	-714.06%	-6,272.51%	-165.72%	-495.42%	7.24%	64.29%	76.09%	99.75%
Invested Capital Growth	11.87%	10.28%	18.46%	26.41%	20.14%	18.37%	15.45%	9.90%	6.64%	3.70%
Revenue Q/Q Growth	-1.85%	2.66%	1.92%	-4.04%	-1.09%	12.42%	5.66%	-0.51%	-3.78%	5.91%
EBITDA Q/Q Growth	67.59%	46.65%	-33.05%	-5.10%	-2.81%	33.71%	-3.75%	-7.89%	-8.95%	20.10%
EBIT Q/Q Growth	106.17%	57.47%	-38.04%	-7.55%	-3.45%	40.34%	-9.56%	-11.07%	-12.59%	27.58%
NOPAT Q/Q Growth	129.17%	65.30%	-40.75%	-6.98%	-5.39%	39.89%	-4.63%	-16.68%	-4.94%	11.09%
Net Income Q/Q Growth	194.26%	78.33%	-49.75%	-12.41%	-8.66%	59.18%	-28.04%	-10.92%	-20.66%	58.37%
EPS Q/Q Growth	219.23%	80.72%	-50.00%	-13.33%	-7.69%	56.67%	-27.66%	-13.24%	-18.64%	62.50%
Operating Cash Flow Q/Q Growth	16.30%	-10.74%	12.62%	-32.64%	5.87%	58.59%	-20.43%	12.72%	-8.07%	13.12%
Free Cash Flow Firm Q/Q Growth	-1,972.05%	62.23%	-446.37%	-59.78%	19.41%	15.36%	14.88%	38.49%	46.04%	99.13%
Invested Capital Q/Q Growth	8.78%	4.39%	4.70%	6.32%	3.38%	2.86%	2.11%	1.22%	0.31%	0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.65%	64.37%	64.68%	63.25%	63.65%	63.11%	62.86%	61.77%	60.78%	61.03%
EBITDA Margin	41.96%	59.94%	39.37%	38.94%	38.26%	45.51%	41.46%	38.38%	36.32%	41.18%
Operating Margin	33.95%	52.08%	31.66%	30.50%	29.77%	37.16%	31.81%	28.83%	27.91%	28.71%
EBIT Margin	33.95%	52.08%	31.66%	30.50%	29.77%	37.16%	31.81%	28.44%	25.83%	31.11%
Profit (Net Income) Margin	23.03%	40.01%	19.72%	18.00%	16.62%	23.54%	16.03%	14.35%	11.83%	17.70%
Tax Burden Percent	89.01%	93.44%	89.35%	89.90%	88.09%	87.81%	92.59%	85.55%	87.30%	89.04%
Interest Burden Percent	76.22%	82.22%	69.73%	65.66%	63.39%	72.13%	54.43%	59.00%	52.48%	63.88%
Effective Tax Rate	10.99%	6.56%	10.65%	10.10%	11.91%	12.19%	7.41%	14.45%	12.70%	10.96%
Return on Invested Capital (ROIC)	18.98%	29.14%	17.05%	15.95%	14.40%	17.68%	15.95%	13.40%	13.40%	14.11%
ROIC Less NNEP Spread (ROIC-NNEP)	17.71%	27.79%	15.68%	14.58%	13.07%	16.30%	13.86%	11.85%	11.61%	12.90%
Return on Net Nonoperating Assets (RNNOA)	138.64%	1,849.28%	447.77%	896.48%	471.77%	359.34%	312.57%	221.05%	190.83%	151.72%
Return on Equity (ROE)	157.62%	1,878.42%	464.82%	912.43%	486.16%	377.02%	328.51%	234.45%	204.23%	165.83%
Cash Return on Invested Capital (CROIC)	9.62%	8.36%	1.29%	-3.72%	-0.30%	-1.25%	1.36%	5.90%	8.83%	10.73%
Operating Return on Assets (OROA)	16.82%	26.72%	15.96%	15.25%	14.22%	17.55%	15.10%	13.66%	12.53%	15.08%
Return on Assets (ROA)	11.41%	20.52%	9.94%	9.00%	7.94%	11.12%	7.61%	6.89%	5.74%	8.58%
Return on Common Equity (ROCE)	99.75%	2,357.91%	397.61%	1,116.18%	456.85%	290.31%	247.55%	175.28%	153.58%	115.60%
Return on Equity Simple (ROE_SIMPLE)	1,296.08%	0.00%	510.99%	426.16%	323.64%	0.00%	244.46%	204.77%	178.02%	0.00%
Net Operating Profit after Tax (NOPAT)	125	207	123	114	108	151	144	120	114	127
NOPAT Margin	30.22%	48.66%	28.29%	27.42%	26.22%	32.63%	29.45%	24.67%	24.37%	25.56%
Net Nonoperating Expense Percent (NNEP)	1.27%	1.34%	1.37%	1.37%	1.32%	1.38%	2.09%	1.55%	1.80%	1.20%
Return On Investment Capital (ROIC_SIMPLE)	-	6.86%	-	-	-	4.23%	-	-	-	3.41%
Cost of Revenue to Revenue	35.35%	35.63%	35.32%	36.75%	36.35%	36.89%	37.14%	38.23%	39.22%	38.97%
SG&A Expenses to Revenue	22.09%	19.97%	21.33%	22.46%	22.32%	20.89%	21.44%	22.89%	23.30%	21.61%
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	30.70%	12.29%	33.03%	32.75%	33.88%	25.94%	31.05%	32.94%	32.87%	32.32%
Earnings before Interest and Taxes (EBIT)	141	222	137	127	123	172	156	138	121	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	255	171	162	157	211	203	187	170	204
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	102.20	89.64	59.25	46.95	33.46	31.80	45.95	36.49	32.75	22.71
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.00	2.36	2.62	2.78	2.45	3.11	3.49	3.14	3.02	2.52
Price to Earnings (P/E)	12.63	19.10	22.04	20.81	19.51	30.50	35.68	34.05	35.11	31.70
Dividend Yield	11.82%	5.30%	4.68%	4.44%	5.06%	1.94%	3.36%	3.64%	3.67%	4.33%
Earnings Yield	7.92%	5.23%	4.54%	4.80%	5.12%	3.28%	2.80%	2.94%	2.85%	3.15%
Enterprise Value to Invested Capital (EV/IC)	2.17	2.33	2.43	2.41	2.19	2.50	2.72	2.57	2.55	2.30
Enterprise Value to Revenue (EV/Rev)	3.65	4.08	4.37	4.63	4.35	5.01	5.38	4.96	4.79	4.24
Enterprise Value to EBITDA (EV/EBITDA)	9.49	9.70	10.54	10.27	9.85	12.32	13.08	12.11	11.87	10.76
Enterprise Value to EBIT (EV/EBIT)	12.16	12.08	13.05	12.49	12.07	15.45	16.61	15.59	15.57	14.45
Enterprise Value to NOPAT (EV/NOPAT)	11.02	13.46	14.48	13.73	13.28	17.42	18.57	17.56	17.28	16.28
Enterprise Value to Operating Cash Flow (EV/OCF)	11.02	12.51	14.11	15.66	15.96	17.47	19.95	17.36	16.34	14.99
Enterprise Value to Free Cash Flow (EV/FCFF)	23.85	29.20	204.26	0.00	0.00	0.00	214.38	45.65	29.86	21.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	355.48	92.57	32.60	26.59	20.97	13.64	18.58	15.24	14.35	11.11
Long-Term Debt to Equity	352.28	91.76	32.33	26.38	20.81	13.54	18.49	15.15	14.28	10.93
Financial Leverage	7.83	66.54	28.55	61.50	36.08	22.05	22.55	18.66	16.44	11.76
Leverage Ratio	11.20	78.83	35.33	72.70	42.63	26.44	26.86	22.23	19.77	14.53
Compound Leverage Factor	8.53	64.82	24.63	47.73	27.02	19.07	14.62	13.12	10.37	9.28
Debt to Total Capital	99.72%	98.93%	97.02%	96.38%	95.45%	93.17%	94.89%	93.84%	93.48%	91.74%
Short-Term Debt to Total Capital	0.90%	0.86%	0.83%	0.78%	0.75%	0.73%	0.47%	0.57%	0.46%	1.42%
Long-Term Debt to Total Capital	98.82%	98.07%	96.20%	95.59%	94.70%	92.44%	94.42%	93.27%	93.02%	90.31%
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	-0.84%	-0.38%	0.59%	0.62%	0.99%	2.10%	1.38%	1.82%	1.75%	2.47%
Common Equity to Total Capital	1.12%	1.45%	2.39%	3.00%	3.56%	4.73%	3.72%	4.34%	4.77%	5.79%
Debt to EBITDA	4.51	4.27	4.34	4.21	4.44	4.75	4.70	4.54	4.47	4.46
Net Debt to EBITDA	4.35	4.10	4.19	4.08	4.27	4.55	4.53	4.36	4.32	4.25
Long-Term Debt to EBITDA	4.47	4.23	4.30	4.18	4.40	4.71	4.68	4.51	4.45	4.39
Debt to NOPAT	5.23	5.92	5.97	5.63	5.98	6.71	6.68	6.59	6.51	6.75
Net Debt to NOPAT	5.05	5.69	5.76	5.46	5.75	6.44	6.43	6.33	6.29	6.43
Long-Term Debt to NOPAT	5.18	5.87	5.91	5.59	5.93	6.66	6.65	6.55	6.48	6.65
Altman Z-Score	1.27	1.42	1.38	1.36	1.23	1.48	1.59	1.54	1.55	1.45
Noncontrolling Interest Sharing Ratio	36.72%	-25.53%	14.46%	-22.33%	6.03%	23.00%	24.65%	25.24%	24.80%	30.29%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.74	0.75	0.65	0.66	0.80	0.81	0.90	0.94	1.02	0.91
Quick Ratio	0.47	0.55	0.45	0.45	0.55	0.57	0.63	0.66	0.69	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-171	-65	-353	-564	-454	-384	-327	-201	-109	-0.95
Operating Cash Flow to CapEx	147.94%	1,116.54%	80.07%	46.95%	74.01%	124.38%	128.93%	181.39%	163.09%	559.49%
Free Cash Flow to Firm to Interest Expense	-4.99	-1.61	-8.31	-12.71	-9.98	-7.89	-4.57	-3.50	-1.87	-0.02
Operating Cash Flow to Interest Expense	4.08	3.11	3.31	2.13	2.20	3.26	1.77	2.48	2.26	2.64
Operating Cash Flow Less CapEx to Interest Expense	1.32	2.83	-0.82	-2.41	-0.77	0.64	0.40	1.11	0.87	2.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.51	0.50	0.50	0.48	0.47	0.47	0.48	0.49	0.48
Accounts Receivable Turnover	49.20	41.40	42.96	46.04	30.11	32.67	33.36	34.39	27.30	30.70
Inventory Turnover	48.02	47.22	47.46	45.56	45.83	44.03	44.54	46.57	47.32	47.01
Fixed Asset Turnover	0.81	0.79	0.77	0.75	0.71	0.69	0.69	0.69	0.70	0.70
Accounts Payable Turnover	33.49	40.82	34.73	40.08	43.59	34.10	36.46	40.22	30.55	26.04
Days Sales Outstanding (DSO)	7.42	8.82	8.50	7.93	12.12	11.17	10.94	10.61	13.37	11.89
Days Inventory Outstanding (DIO)	7.60	7.73	7.69	8.01	7.96	8.29	8.20	7.84	7.71	7.76
Days Payable Outstanding (DPO)	10.90	8.94	10.51	9.11	8.37	10.70	10.01	9.08	11.95	14.02
Cash Conversion Cycle (CCC)	4.12	7.60	5.68	6.83	11.71	8.76	9.13	9.37	9.14	5.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,792	2,914	3,051	3,244	3,354	3,450	3,522	3,565	3,576	3,577
Invested Capital Turnover	0.63	0.60	0.60	0.58	0.55	0.54	0.54	0.54	0.55	0.55
Increase / (Decrease) in Invested Capital	296	272	475	678	562	535	471	321	223	128
Enterprise Value (EV)	6,069	6,781	7,412	7,824	7,344	8,634	9,582	9,171	9,136	8,219
Market Capitalization	3,314	3,925	4,448	4,694	4,126	5,369	6,215	5,800	5,749	4,884
Book Value per Share	$0.31	$0.42	$0.72	$0.96	$1.18	$1.62	$2.30	$1.51	$1.66	$2.04
Tangible Book Value per Share	($2.38)	($2.27)	($1.96)	($1.72)	($1.49)	($1.05)	($2.43)	($1.12)	($0.96)	($0.59)
Total Capital	2,888	3,017	3,147	3,331	3,463	3,572	3,632	3,666	3,680	3,714
Total Debt	2,880	2,985	3,053	3,210	3,306	3,328	3,447	3,440	3,440	3,407
Total Long-Term Debt	2,854	2,959	3,027	3,184	3,280	3,302	3,430	3,419	3,423	3,355
Net Debt	2,779	2,867	2,945	3,109	3,183	3,190	3,317	3,304	3,323	3,243
Capital Expenditures (CapEx)	94	11	175	202	135	128	98	79	80	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-152	-163	-199	-184	-169	-178	-144	-135	-95	-141
Debt-free Net Working Capital (DFNWC)	-50	-46	-92	-84	-46	-41	-15	1.54	23	23
Net Working Capital (NWC)	-76	-72	-118	-110	-73	-67	-32	-19	5.81	-30
Net Nonoperating Expense (NNE)	30	37	37	39	40	42	66	50	59	39
Net Nonoperating Obligations (NNO)	2,784	2,882	2,958	3,123	3,196	3,206	3,337	3,340	3,337	3,270
Total Depreciation and Amortization (D&A)	33	33	33	35	35	39	47	48	49	50
Debt-free, Cash-free Net Working Capital to Revenue	-9.12%	-9.83%	-11.75%	-10.92%	-10.04%	-10.35%	-8.11%	-7.29%	-4.96%	-7.29%
Debt-free Net Working Capital to Revenue	-3.04%	-2.78%	-5.40%	-4.94%	-2.75%	-2.37%	-0.82%	0.08%	1.20%	1.19%
Net Working Capital to Revenue	-4.60%	-4.34%	-6.94%	-6.49%	-4.30%	-3.88%	-1.77%	-1.05%	0.30%	-1.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.86	$1.57	$0.77	$0.68	$0.61	$0.98	$0.73	$0.60	$0.49	$0.79
Adjusted Weighted Average Basic Shares Outstanding	57.89M	58.98M	57.65M	57.83M	57.96M	57.88M	58.78M	59.07M	59.09M	59.03M
Adjusted Diluted Earnings per Share	$0.83	$1.50	$0.75	$0.65	$0.60	$0.94	$0.68	$0.59	$0.48	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	103.01M	104.66M	103.19M	103.33M	103.21M	103.22M	103.73M	60.75M	103.69M	103.67M
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	103.99M	104.14M	104.19M	104.38M	104.38M	105.19M	105.60M	105.60M	105.62M	106.04M
Normalized Net Operating Profit after Tax (NOPAT)	126	207	123	123	108	151	144	120	114	127
Normalized NOPAT Margin	30.44%	48.66%	28.29%	29.59%	26.22%	32.63%	29.45%	24.67%	24.37%	25.56%
Pre Tax Income Margin	25.87%	42.82%	22.07%	20.02%	18.87%	26.81%	17.31%	16.78%	13.56%	19.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.10	5.51	3.23	2.86	2.69	3.53	2.17	2.41	2.08	2.75
NOPAT to Interest Expense	3.65	5.15	2.89	2.57	2.37	3.10	2.01	2.09	1.97	2.26
EBIT Less CapEx to Interest Expense	1.35	5.24	-0.90	-1.68	-0.28	0.91	0.80	1.04	0.70	2.27
NOPAT Less CapEx to Interest Expense	0.90	4.87	-1.24	-1.97	-0.60	0.48	0.64	0.72	0.58	1.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	124.18%	68.94%	67.27%	60.49%	62.23%	40.05%	72.68%	70.72%	76.82%	84.14%
Augmented Payout Ratio	247.53%	105.20%	101.86%	64.95%	62.23%	40.05%	72.68%	71.92%	78.07%	85.49%

Frequently Asked Questions About Red Rock Resorts' Financials

When does Red Rock Resorts's financial year end?

According to the most recent income statement we have on file, Red Rock Resorts' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Red Rock Resorts' net income changed over the last 9 years?

Red Rock Resorts' net income appears to be on an upward trend, with a most recent value of $291.29 million in 2024, rising from $143.25 million in 2015. The previous period was $337.78 million in 2023.

What is Red Rock Resorts's operating income?

Red Rock Resorts's total operating income in 2024 was $568.69 million, based on the following breakdown:

Total Gross Profit: $1.19 billion
Total Operating Expenses: $626.09 million

How has Red Rock Resorts revenue changed over the last 9 years?

Over the last 9 years, Red Rock Resorts' total revenue changed from $1.35 billion in 2015 to $1.94 billion in 2024, a change of 43.4%.

How much debt does Red Rock Resorts have?

Red Rock Resorts' total liabilities were at $3.74 billion at the end of 2024, a 0.8% increase from 2023, and a 58.5% increase since 2015.

How much cash does Red Rock Resorts have?

In the past 9 years, Red Rock Resorts' cash and equivalents has ranged from $114.61 million in 2018 to $275.28 million in 2021, and is currently $164.38 million as of their latest financial filing in 2024.

How has Red Rock Resorts' book value per share changed over the last 9 years?

Over the last 9 years, Red Rock Resorts' book value per share changed from 55.92 in 2015 to 2.04 in 2024, a change of -96.4%.

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This page (NASDAQ:RRR) was last updated on 4/15/2025 by MarketBeat.com Staff

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Red Rock Resorts (RRR) Financials

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Red Rock Resorts (RRR) Financials

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