MONARCH CASINO & RESORT INC (MCRI) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues [+]	477.9	395.4	184.4	249.2	240.3	230.7	217.0	404.5
Food & beverage								56.5
Casino								156.8
Hotels								202.2
Room / occupancy								22.6
Other hotel								11.2
Promotional allowances								-44.9
Revenue growth	20.9%	114.4%	-26.0%	3.7%	4.2%	6.3%	-46.3%	7.7%
Cost of goods sold [+]	211.2	172.8	75.2	122.3	117.1	112.2	105.2	99.0
Food and beverage costs								22.2
Occupancy costs								6.8
Other direct hotel costs								4.0
Casino costs								66.0
Gross profit	266.7	222.6	109.2	126.9	123.3	118.5	111.8	305.5
Gross margin	55.8%	56.3%	59.2%	50.9%	51.3%	51.4%	51.5%	75.5%
Selling, general and administrative	97.6	84.4	60.4	69.3	65.8	62.7	57.7	54.8
Other operating expenses	14.2	9.8	16.2	3.1	0.0	0.0	-0.6	202.2
EBITDA [+]	154.9	128.3	32.6	54.5	57.4	55.8	54.7	48.5
EBITDA growth	20.7%	293.6%	-40.1%	-5.2%	2.9%	2.1%	12.7%	20.1%
EBITDA margin	32.4%	32.5%	17.7%	21.9%	23.9%	24.2%	25.2%	12.0%
Depreciation	43.3	37.9	16.1	13.7	13.4	13.9	13.6	15.9
EBITA	111.5	90.4	16.5	40.8	44.0	41.9	41.0	32.6
EBITA margin	23.3%	22.9%	8.9%	16.4%	18.3%	18.1%	18.9%	8.1%
Amortization of intangibles	0.1	0.5	1.2	1.2	1.2	1.2	1.2
EBIT [+]	111.4	89.9	15.3	39.6	42.8	40.7	39.8	32.6
EBIT growth	24.0%	488.5%	-61.4%	-7.6%	5.3%	2.1%	22.3%	44.3%
EBIT margin	23.3%	22.7%	8.3%	15.9%	17.8%	17.6%	18.4%	8.1%
Non-recurring items [+]							0.7	0.0
Loss (gain) on sale of assets							0.7	0.0
Interest expense							0.6	0.7
Interest expense							0.6	0.7
Other income (expense), net [+]	-2.4	-4.5	-0.3	0.0	-0.2	-1.0	-0.6
Other	-2.4	-4.5	-0.3	0.0	-0.2	-1.0
Pre-tax income	109.0	85.4	15.0	39.6	42.6	39.7	37.9	31.9
Income taxes	21.5	16.9	-8.7	7.8	8.6	14.2	13.4	11.2
Tax rate	19.8%	19.8%		19.6%	20.0%	35.7%	35.2%	35.2%
Net income	87.5	68.5	23.7	31.8	34.1	25.5	24.6	20.7
Net margin	18.3%	17.3%	12.8%	12.8%	14.2%	11.1%	11.3%	5.1%

Basic EPS [+]	$4.61	$3.68	$1.30	$1.77	$1.91	$1.45	$1.42	$1.22
Growth	25.2%	183.0%	-26.4%	-7.6%	31.6%	2.3%	16.5%	43.8%
Diluted EPS [+]	$4.47	$3.53	$1.25	$1.70	$1.84	$1.39	$1.39	$1.19
Growth	26.7%	181.1%	-26.3%	-7.2%	32.0%	-0.1%	16.7%	43.7%

Shares outstanding (basic) [+]	19.0	18.6	18.2	18.0	17.8	17.6	17.3	16.9
Growth	2.0%	2.2%	1.1%	1.0%	1.5%	1.6%	2.1%	1.3%
Shares outstanding (diluted) [+]	19.6	19.4	18.9	18.7	18.6	18.4	17.7	17.3
Growth	0.8%	2.9%	1.0%	0.6%	1.1%	4.0%	1.9%	1.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.