← MONARCH CASINO & RESORT INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $24.6m | $25.5m | $34.1m | $31.8m | $23.7m | $68.5m | $87.5m | $82.4m | $72.8m | $101.4m | — | |
| Depreciation, Depletion and Amortization | $14.8m | $15.1m | $14.6m | $14.9m | $17.3m | $38.4m | $43.4m | $47.3m | $51.4m | $54.0m | $48.4m | |
| Amortization of Debt Issuance Costs | $410k | $538k | $538k | $538k | $764k | $990k | $1.5m | $307k | — | $162k | — | |
| Amortization of Intangible Assets | — | $1.2m | $1.2m | $1.2m | $1.2m | $500k | $100k | $200k | $200k | — | — | |
| Depreciation | $14.8m | $15.1m | $14.6m | $14.9m | $17.3m | $37.9m | $43.3m | $47.1m | $51.2m | $54.1m | $51k | |
| Amortization of deferred loan costs | $410k | $538k | $538k | $538k | $764k | $990k | $1.5m | $307k | ($418k) | $162k | — | |
| Deferred Income Tax Expense (Benefit) | $47k | $3.8m | ($647k) | $1.3m | $15.8m | $6.5m | $3.4m | $68k | ($9.7m) | ($1.7m) | ($1.7m) | |
| Deferred income taxes | $798k | $3.8m | ($483k) | $1.3m | $15.8m | $6.5m | $3.4m | $68k | ($9.7m) | ($1.7m) | ($1.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $1.7m | $7.1m | $5.5m | $8.2m | $3.9m | $4.1m | $5.1m | $7.1m | $7.9m | $8.4m | $8.5m | |
| Share-based Payment Arrangement, Expense | $1.7m | $2.2m | $3.1m | $4.1m | $3.9m | $4.1m | $5.1m | $7.5m | $7.9m | $8.4m | $8.5m | |
| Stock-based compensation - stock options | $1.7m | $7.1m | $5.5m | $8.2m | $3.9m | $4.1m | $5.1m | $7.1m | $7.9m | $8.4m | $8.5m | |
| Stock-based compensation - restricted stock | — | — | — | — | — | — | $80k | $364k | — | — | $8.5m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($616k) | ($967k) | ($177k) | $1k | $273k | $4.5m | $2.4m | $1.6m | $104k | $1.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | ($1.1m) | ($1.6m) | $5.4m | $840k | $2.6m | ($1.5m) | $994k | $784k | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $74k | $103k | $93k | — | $159k | $245k | $155k | $194k | $234k | $184k | $784k | |
| Receivables | ($1.4m) | ($2.0m) | $92k | $1.1m | $1.6m | ($5.4m) | ($840k) | ($2.6m) | $1.5m | ($994k) | $784k | |
| Increase (Decrease) in Inventories | $216k | $238k | $357k | $3.0m | $1.1m | ($664k) | $399k | $56k | $1.7m | ($207k) | $68k | |
| Inventories | ($216k) | ($238k) | ($357k) | ($3.0m) | ($1.1m) | $664k | ($399k) | ($56k) | ($1.7m) | $207k | $68k | |
| Increase (Decrease) in Accounts Payable | $2.0m | ($431k) | $3.0m | $5.9m | ($5.4m) | $6.9m | ($4.2m) | $8.7m | $18.2m | $3.7m | $2.7m | |
| Change in construction accounts payable | $1.2m | $3.2m | $11.3m | ($9.6m) | $42.2m | $9.1m | ($8.9m) | ($2.4m) | $3.5m | ($892k) | — | |
| Accrued expenses | $1.9m | ($13k) | $847k | $3.0m | $596k | $8.3m | $3.1m | $7.5m | $506k | $851k | ($55k) | |
| Net Cash Provided by (Used in) Operating Activities | $43.7m |
$49.5m
+13.09%
|
$58.8m
+18.81%
|
$63.2m
+7.64%
|
$31.4m
-50.28%
|
$128.1m
+307.40%
|
$139.8m
+9.11%
|
$173.0m
+23.81%
|
$140.7m
-18.69%
|
$164.7m
+17.08%
|
$173.4m
+5.25%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $26.1m | $50.0m | $137.1m | $125.4m | $88.7m | $46.9m | $39.5m | $49.0m | $47.4m | $36.3m | ($19.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($677k) | ($4k) | ($12k) | ($125.4m) | ($63k) | ($136k) | $69k | ($159k) | ($249k) | ($115k) | ($47k) | |
| Net Cash Provided by (Used in) Investing Activities | ($24.9m) | ($46.7m) | ($125.7m) | ($134.9m) | ($46.4m) | ($37.8m) | ($48.0m) | ($51.2m) | ($43.8m) | ($37.2m) | ($21.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $14.7m | — | — | $3.8m | $24.6m | $92.5m | $83.0m | $7.0m | — | — | $0 | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $105.5m | $10.8m | — | — | — | — | — | — | |
| Provision for bad debts | $74k | $103k | $93k | $189k | $159k | $245k | $155k | $194k | $234k | $184k | — | |
| Line-of-credit borrowings | — | — | — | — | — | — | $3.0m | $71.5m | $45.5m | — | — | |
| Principal payments on long-term debt | ($14.7m) | — | — | ($3.8m) | ($24.6m) | ($92.5m) | ($83.0m) | ($7.0m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $6.5m | $5.0m | $60.0m | $72.7m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | $112.8m | $22.3m | $21.9m | ($21.6m) | |
| Purchase of company common stock | — | — | — | — | — | — | ($6.5m) | ($5.0m) | ($60.0m) | ($72.7m) | — | |
| Payments of Dividends | — | — | — | — | — | — | — | $112.8m | $22.3m | $21.9m | ($21.6m) | |
| Payment of dividends | — | — | — | — | — | — | — | ($112.8m) | ($22.3m) | ($21.9m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($13.6m) | — | $68.3m |
$101.8m
+48.98%
|
($17.3m)
-116.98%
|
($85.1m)
-392.48%
|
($86.5m)
-1.70%
|
($117.2m)
-35.47%
|
($81.5m)
+30.46%
|
($89.9m)
-10.23%
|
($85.6m)
+4.77%
|
|
| Cash and cash equivalents at beginning of period | $21.2m | $26.4m | $29.2m | $60.5m | $28.3m | $33.5m | $38.8m | $43.4m | $58.8m | $96.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $60.5m | $28.3m | $33.5m | $38.8m | $43.4m | $58.8m | $96.5m | $138.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Gain (Loss) on Disposition of Assets | $677k | ($4k) | ($12k) | — | $63k | $100k | $100k | $159k | $300k | ($100k) | — | |
| Proceeds from Stock Options Exercised | $2.9m | — | — | — | $3.8m | $8.1m | $9.8m | $2.6m | $8.2m | $7.1m | — | |
| Payments of Financing Costs | — | — | — | — | $2.9m | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $206k | $426k | $186k | — | $380k | $3.1m | $1.4m | $2.0m | $986k | $249k | — | |
| Income Taxes Paid, Net | $12.4m | $11.9m | $7.3m | $6.3m | — | $12.4m | $15.6m | $25.6m | $29.8m | $2.9m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | $300k | — | — | ($27.6m) | — | — | |
| Goodwill | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | $25.1m | — | |
| Income Tax Expense (Benefit) | $13.4m | $14.2m | $8.6m | $7.8m | ($8.7m) | $16.9m | $21.5m | $26.1m | $19.6m | $28.0m | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | $200k | — | — | — | — | — | |
| Loss on disposition of assets | $677k | $4k | $12k | — | $63k | $136k | ($69k) | $159k | $249k | $115k | — | |
| Income taxes receivable | $203k | ($1.6m) | $1.7m | $94k | ($24.7m) | ($2.1m) | $2.0m | $24.0m | ($517k) | ($857k) | — | |
| Prepaid expenses and other | — | — | — | — | — | — | ($985k) | ($2.5m) | $409k | ($222k) | — | |
| Proceeds from sale of assets | $29k | $86k | — | $72k | $31k | $22k | $440k | $170k | $110k | $41k | — | |
| Payroll taxes from net exercise of stock options | — | — | — | — | ($4.4m) | ($730k) | ($6.9m) | ($464k) | ($2.0m) | ($2.3m) | — | |
| Proceeds from exercise of stock options | $2.9m | — | — | — | $3.8m | $8.1m | $9.8m | $2.6m | $8.2m | $7.1m | — | |
| Line-of-credit payments | ($14.7m) | — | — | — | — | — | ($3.0m) | ($66.0m) | ($51.0m) | — | — | |
| Change in cash and cash equivalents | — | $2.8m | $1.3m | $30.1m | ($32.2m) | $5.2m | $5.3m | $4.6m | $15.4m | $37.7m | — |