Bally's Corp - Understand $baly stock

$BALY Market Cap: $721 Million

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Financial Snapshot

Revenue

$2.482B

TTM

Gross Margin

54.38%

TTM

Net Earnings

-$745.5M

TTM

Current Assets

$488.9M

Q3 2024

Current Liabilities

$876.9M

Q3 2024

Current Ratio

55.76%

Q3 2024

Total Assets

$6.406B

Q3 2024

Total Liabilities

$6.172B

Q3 2024

Book Value

$233.8M

Q3 2024

Cash

$191.0M

Q3 2024

P/E

-0.9672

Nov 29, 2024 EST

Free Cash Flow

-$199.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.449B	$2.256B	$1.322B	$372.8M	$523.6M	$437.5M	$421.1M	$414.8M
YoY Change	8.57%	70.57%	254.74%	-28.8%	19.66%	3.91%	1.51%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$2.449B	$2.256B	$1.322B	$372.8M	$523.6M	$437.5M	$421.1M	$414.8M
Cost Of Revenue	$1.105B	$1.009B	$535.1M	$138.7M	$185.2M	$129.3M	$119.6M	$123.5M
Gross Profit	$1.344B	$1.246B	$787.4M	$234.1M	$338.4M	$308.2M	$301.4M	$291.3M
Gross Profit Margin	54.87%	55.26%	59.54%	62.8%	64.63%	70.44%	71.58%	70.23%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$1.114B	$774.9M	$511.7M	$176.9M	$180.4M	$143.3M	$149.6M	$148.7M
YoY Change	43.75%	51.45%	189.17%	-1.92%	25.91%	-4.2%	0.58%
% of Gross Profit	82.89%	62.17%	64.99%	75.58%	53.31%	46.49%	49.62%	51.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$350.4M	$300.6M	$144.8M	$37.84M	$32.39M	$22.33M	$22.20M	$25.10M
YoY Change	16.59%	107.59%	282.61%	16.83%	45.05%	0.58%	-11.54%
% of Gross Profit	26.07%	24.11%	18.39%	16.16%	9.57%	7.25%	7.37%	8.62%
Operating Expenses	$1.464B	$774.9M	$511.7M	$176.9M	$180.4M	$143.3M	$149.6M	$173.8M
YoY Change	88.97%	51.45%	189.17%	-1.92%	25.91%	-4.2%	-13.95%
Operating Profit	-$120.5M	-$293.0M	$93.38M	-$18.39M	$114.6M	$120.6M	$123.7M	$117.5M
YoY Change	-58.88%	-413.77%	-607.9%	-116.04%	-4.99%	-2.48%	5.3%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	-$277.6M	$208.2M	$120.2M	$63.25M	$39.83M	$23.03M	$22.81M	-$26.40M
YoY Change	-233.34%	73.21%	90.0%	58.79%	72.99%	0.95%	-186.4%
% of Operating Profit			128.69%		34.75%	19.08%	18.44%	-22.47%
Other Income/Expense, Net	-$12.19M	$46.69M	$11.50M	$0.00	$183.0K	$0.00	$0.00
YoY Change	-126.1%	305.91%		-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	-$167.6M	-$454.5M	-$76.18M	-$74.81M	$75.18M	$97.80M	$101.1M	$83.40M
YoY Change	-63.11%	496.6%	1.82%	-199.51%	-23.13%	-3.27%	21.23%
Income Tax	$4.971M	-$28.92M	-$4.400M	-$69.32M	$20.05M	$26.36M	$38.86M	$38.60M
% Of Pretax Income					26.67%	26.95%	38.44%	46.28%
Net Earnings	-$172.6M	-$425.5M	-$71.80M	-$5.487M	$55.13M	$71.44M	$62.25M	$44.80M
YoY Change	-59.44%	492.69%	1208.53%	-109.95%	-22.83%	14.77%	38.94%
Net Earnings / Revenue	-7.05%	-18.87%	-5.43%	-1.47%	10.53%	16.33%	14.78%	10.8%
Basic Earnings Per Share	-$3.51	-$7.32	-$1.45	-$0.18	$1.46	$1.95	$1.64
Diluted Earnings Per Share	-$3.24	-$7.32	-$1.45	-$0.18	$1.46	$1.87	$1.56	$1.140M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$163.2M	$212.5M	$206.2M	$123.4M	$182.6M	$77.60M	$85.80M	$55.40M
YoY Change	-23.21%	3.07%	67.09%	-32.42%	135.31%	-9.56%	54.87%
Cash & Equivalents	$163.2M	$212.5M	$206.2M	$123.4M	$182.6M	$77.60M	$85.80M	$55.40M
Short-Term Investments
Other Short-Term Assets	$262.0M	$170.6M	$173.1M	$56.90M	$31.30M	$15.50M	$17.30M	$20.40M
YoY Change	53.6%	-1.47%	204.24%	81.79%	101.94%	-10.4%	-15.2%
Inventory	$14.63M	$14.19M	$11.49M	$9.300M	$7.900M	$6.400M	$7.300M	$6.800M
Prepaid Expenses
Receivables	$70.33M	$71.67M	$48.18M	$14.80M	$23.20M	$23.00M	$18.30M	$17.50M
Other Receivables	$62.22M	$53.77M	$128.2M	$84.50M	$0.00	$0.00	$5.400M	$5.400M
Total Short-Term Assets	$572.3M	$522.7M	$567.2M	$289.0M	$245.0M	$122.5M	$134.1M	$105.5M
YoY Change	9.5%	-7.84%	96.26%	17.96%	100.0%	-8.65%	27.11%
Property, Plant & Equipment	$2.335B	$2.011B	$1.346B	$785.1M	$527.7M	$416.1M	$335.5M	$280.8M
YoY Change	16.12%	49.35%	71.51%	48.78%	26.82%	24.02%	19.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$146.4M	$58.23M	$38.93M	$5.400M	$5.700M	$1.600M	$1.100M	$1.600M
YoY Change	151.32%	49.58%	620.94%	-5.26%	256.25%	45.45%	-31.25%
Total Long-Term Assets	$6.289B	$5.777B	$5.986B	$1.641B	$776.9M	$659.9M	$584.0M	$535.4M
YoY Change	8.85%	-3.49%	264.8%	111.21%	17.73%	13.0%	9.08%
Total Assets	$6.861B	$6.300B	$6.553B	$1.930B	$1.022B	$782.4M	$718.1M	$640.9M
YoY Change
Accounts Payable	$69.16M	$70.07M	$87.54M	$15.90M	$14.90M	$14.20M	$25.10M	$14.50M
YoY Change	-1.3%	-19.96%	450.57%	6.71%	4.93%	-43.43%	73.1%
Accrued Expenses	$784.9M	$662.9M	$463.1M	$115.8M	$64.00M	$57.80M	$57.80M	$40.10M
YoY Change	18.4%	43.13%	299.95%	80.94%	10.73%	0.0%	44.14%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$19.45M	$19.45M	$19.45M	$5.800M	$3.000M	$3.600M	$33.30M	$10.70M
YoY Change	0.0%	0.0%	235.34%	93.33%	-16.67%	-89.19%	211.21%
Total Short-Term Liabilities	$874.8M	$755.8M	$570.1M	$143.2M	$89.80M	$75.60M	$116.2M	$65.30M
YoY Change	15.74%	32.57%	298.14%	59.47%	18.78%	-34.94%	77.95%
Long-Term Debt	$3.643B	$3.469B	$3.427B	$1.094B	$680.6M	$390.6M	$357.9M	$404.3M
YoY Change	5.02%	1.24%	213.21%	60.76%	74.24%	9.14%	-11.48%
Other Long-Term Liabilities	$1.582B	$1.131B	$726.0M	$329.0M	$26.30M	$0.00	$46.50M	$33.90M
YoY Change	39.86%	55.77%	120.68%	1150.95%		-100.0%	37.17%
Total Long-Term Liabilities	$5.225B	$4.600B	$4.153B	$1.423B	$706.9M	$390.6M	$404.4M	$438.2M
YoY Change	13.58%	10.77%	191.81%	101.32%	80.98%	-3.41%	-7.71%
Total Liabilities	$6.226B	$5.494B	$4.941B	$1.603B	$810.5M	$483.7M	$532.3M	$520.3M
YoY Change	13.31%	11.19%	208.19%	97.82%	67.56%	-9.13%	2.31%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	53.35M shares	58.11M shares	49.64M shares	31.32M shares	37.71M shares	36.94M shares	36.48M shares
Diluted Shares Outstanding	53.35M shares	58.11M shares	49.64M shares	31.32M shares	37.82M shares	38.55M shares	38.44M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $721.02 Million

About Bally's Corp

Bally's Corp. is a global casino-entertainment company which offers Online Sports Betting and iGaming. The company is headquartered in Providence, Rhode Island and currently employs 10,500 full-time employees. The company went IPO on 2019-03-29. The firm owns and manages 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. The company also owns Bally’s Interactive International (Gamesys Group), an online gaming operator; Bally Bet, a sports betting platform, and Bally Casino, an iCasino platform. Its casino operations include approximately 15,000 slot machines, 550 table games and 3,900 hotel rooms. Its segments include Casinos & Resorts, International Interactive and North America Interactive. The Casinos & Resorts segment includes casino and resort properties, a horse racetrack, and a golf course. The International Interactive segment includes Gamesys’ European and Asian operations. The North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands.

Industry: Hotels & Motels Peers: Accel Entertainment, Inc. Light & Wonder, Inc. Rush Street Interactive, Inc. Everi Holdings Inc. GOLDEN ENTERTAINMENT, INC. Inspired Entertainment, Inc. LAS VEGAS SANDS CORP MONARCH CASINO & RESORT INC Red Rock Resorts, Inc.