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EMPIRE RESORTS INC (NYNY)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Gaming     60.559.863.663.461.4
    Other     7.75.47.38.68.8
Total revenues   [+]194.865.967.568.265.271.072.070.2
            Revenue growth   [+]195.9%-2.4%-1.0%4.5%-8.1%-1.4%2.5%2.4%
Cost of goods sold  0.00.00.044.544.247.145.744.5
Gross profit  194.865.967.523.621.123.826.325.7
            Gross margin  100.0%100.0%100.0%34.7%32.3%33.6%36.5%36.6%
Selling, general and administrative  68.518.522.412.611.612.712.911.5
Research and development       23.68.2 
Other operating expenses  215.477.368.745.024.27.64.812.9
EBITDA   [+]-54.3-28.4-22.3-32.6-13.4-18.81.82.6
            EBITDA margin  -27.9%-43.1%-33.1%-47.8%-20.5%-26.4%2.5%3.6%
Depreciation  29.01.51.31.41.31.41.41.3
EBITA  -83.3-29.9-23.7-34.0-14.7-20.10.41.2
            EBITA margin  -42.7%-45.4%-35.1%-49.8%-22.5%-28.4%0.5%1.8%
Amortization of intangibles  5.8       
EBIT   [+]-89.1-29.9-23.7-34.0-14.7-20.10.41.2
            EBIT margin  -45.7%-45.4%-35.1%-49.8%-22.5%-28.4%0.5%1.8%
Interest expense, net   [+]49.016.40.52.6  0.00.0
Other income (expense), net   [+]-0.6   -9.2-1.4-1.1-1.2
Pre-tax income  -138.6-46.3-24.2-36.6-23.9-21.5-0.70.0
Income taxes  0.10.00.00.00.00.00.00.0
            Tax rate   0.0%0.0%    233.3%
Net income  -138.8-46.5-24.4-36.8-24.1-27.1-2.3-1.6
            Net margin  -71.2%-70.6%-36.1%-54.0%-36.9%-38.1%-3.1%-2.2%
   
Basic EPS   [+]($4.22)($1.50)($0.86)($3.42)($2.60)($3.18)($0.08)($0.06)
Diluted EPS   [+]($4.22)($1.50)($0.86)($3.42)($2.60)($3.18)($0.08)($0.06)
   
Dividends per share   [+]$0.00$0.00$0.01     
   
Shares outstanding (basic)   [+]32.931.028.210.79.38.530.027.3
Shares outstanding (diluted)   [+]32.931.028.210.79.38.530.027.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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