2017 Q4 Form 8-K Financial Statement

#000095012318009305 Filed on September 06, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $428.2M $206.5M $241.6M
YoY Change 107.42% 10.9% 31.61%
Cost Of Revenue $244.2M $131.6M $147.5M
YoY Change 85.56% 13.16% 30.65%
Gross Profit $185.7M $74.90M $94.10M
YoY Change 147.93% 7.31% 33.29%
Gross Profit Margin 43.37% 36.28% 38.95%
Selling, General & Admin $97.80M $42.00M $45.40M
YoY Change 132.86% 73.55% 30.46%
% of Gross Profit 52.67% 56.07% 48.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.30M $15.80M $15.80M
YoY Change 129.75% 9.72% 12.86%
% of Gross Profit 19.55% 21.09% 16.79%
Operating Expenses $133.9M $57.80M $61.30M
YoY Change 131.66% 49.74% 26.13%
Operating Profit $29.76M $13.10M $27.74M
YoY Change 127.23% -2.25% 15.0%
Interest Expense -$30.50M -$12.50M -$12.60M
YoY Change 144.0% 1.63% 5.0%
% of Operating Profit -102.5% -95.46% -45.42%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.700M $600.0K $15.50M
YoY Change -383.33% -98.34% 98.72%
Income Tax $21.20M -$400.0K $5.800M
% Of Pretax Income -66.67% 37.42%
Net Earnings $88.94M $961.0K $9.450M
YoY Change 9154.73% -99.13% 74.39%
Net Earnings / Revenue 20.77% 0.47% 3.91%
Basic Earnings Per Share $1.16 $0.02 $0.20
Diluted Earnings Per Share $1.14 $0.02 $0.20
COMMON SHARES
Basic Shares Outstanding 76.96M 47.11M 47.19M
Diluted Shares Outstanding 78.00M 47.85M 47.83M

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $152.0M $61.00M $45.00M
YoY Change 149.18% -21.79% -8.16%
Cash & Equivalents $134.6M $61.03M $44.61M
Short-Term Investments $18.00M
Other Short-Term Assets $31.00M $14.00M $18.00M
YoY Change 121.43% -12.5% -73.13%
Inventory $16.87M $11.06M $11.00M
Prepaid Expenses $27.82M
Receivables $45.80M $14.69M $17.00M
Other Receivables $5.000M $0.00 $0.00
Total Short-Term Assets $251.0M $101.8M $92.00M
YoY Change 146.71% -12.28% -30.3%
LONG-TERM ASSETS
Property, Plant & Equipment $1.503B $612.3M $611.0M
YoY Change 145.42% -2.18% 37.92%
Goodwill $747.1M $66.83M
YoY Change 1017.99% 0.0%
Intangibles $996.8M $487.5M
YoY Change 104.48%
Long-Term Investments $1.286M $1.000M
YoY Change 0.0% -94.12%
Other Assets $48.70M $11.41M $20.00M
YoY Change 326.98% -48.15% -13.04%
Total Long-Term Assets $3.295B $1.192B $1.187B
YoY Change 176.4% -1.38% 14.46%
TOTAL ASSETS
Total Short-Term Assets $251.0M $101.8M $92.00M
Total Long-Term Assets $3.295B $1.192B $1.187B
Total Assets $3.546B $1.294B $1.279B
YoY Change 174.06% -2.34% 9.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.78M $21.58M $23.00M
YoY Change 61.19% 26.92% 76.92%
Accrued Expenses $188.0M $76.00M $70.00M
YoY Change 147.37% -9.52% 40.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $615.0K $4.545M $5.000M
YoY Change -86.47% -9.1% 25.0%
Total Short-Term Liabilities $223.8M $105.9M $98.00M
YoY Change 111.29% -0.1% 40.0%
LONG-TERM LIABILITIES
Long-Term Debt $2.190B $795.9M $786.0M
YoY Change 175.11% -7.67% 0.0%
Other Long-Term Liabilities $28.58M $7.287M $7.000M
YoY Change 292.19% -8.91% -12.5%
Total Long-Term Liabilities $2.218B $803.2M $793.0M
YoY Change 176.18% -7.68% -0.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $223.8M $105.9M $98.00M
Total Long-Term Liabilities $2.218B $803.2M $793.0M
Total Liabilities $2.605B $998.1M $982.0M
YoY Change 160.99% -5.31% -2.96%
SHAREHOLDERS EQUITY
Retained Earnings $195.0M $122.1M
YoY Change 59.71%
Common Stock $746.5M $173.9M
YoY Change 329.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $941.6M $296.0M $297.0M
YoY Change
Total Liabilities & Shareholders Equity $3.546B $1.294B $1.279B
YoY Change 174.06% -2.34% 9.41%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $88.94M $961.0K $9.450M
YoY Change 9154.73% -99.13% 74.39%
Depreciation, Depletion And Amortization $36.30M $15.80M $15.80M
YoY Change 129.75% 9.72% 12.86%
Cash From Operating Activities $58.30M $23.10M $23.60M
YoY Change 152.38% -36.19% 1715.38%
INVESTING ACTIVITIES
Capital Expenditures -$30.30M -$10.30M -$12.60M
YoY Change 194.17% -16.94% 93.85%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$4.300M $800.0K
YoY Change -90.7% -93.69% -101.49%
Cash From Investing Activities -$30.70M -$14.60M -$11.80M
YoY Change 110.27% -81.86% -80.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.90M 5.000M -4.300M
YoY Change -1018.0% -93.22% -122.75%
NET CHANGE
Cash From Operating Activities 58.30M 23.10M 23.60M
Cash From Investing Activities -30.70M -14.60M -11.80M
Cash From Financing Activities -45.90M 5.000M -4.300M
Net Change In Cash -18.30M 13.50M 7.500M
YoY Change -235.56% -54.24% -118.75%
FREE CASH FLOW
Cash From Operating Activities $58.30M $23.10M $23.60M
Capital Expenditures -$30.30M -$10.30M -$12.60M
Free Cash Flow $88.60M $33.40M $36.20M
YoY Change 165.27% -31.28% 364.1%

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CY2015 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
70731000
CY2017 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
101000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
19110000
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4874000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-105000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-687000
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
71000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
629000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1654000
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2094000
CY2017 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
10974000
CY2016 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-344000
CY2015 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-14112000
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-470000
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-137000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18106000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6349000
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4750000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129886000
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94713000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
56004000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
83522000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47380000
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36762000
CY2017 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
361000
CY2016 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
4207000
CY2015 eri Capital Expenditure Reimbursed By Racing Commission
CapitalExpenditureReimbursedByRacingCommission
1266000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
135000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1560000
CY2015 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
153000
CY2017 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
1313051000
CY2016 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
194000
CY2015 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
124768000
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
604000
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1010000
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-659000
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-115000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1396681000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41148000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-161006000
CY2017 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
27500000
CY2017 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
43000
CY2015 eri Payments On Retirement Of Long Term Debt
PaymentsOnRetirementOfLongTermDebt
728664000
CY2017 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
490000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
274000
CY2015 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
88000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
51526000
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4288000
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
25820000
CY2015 eri Call Premium On Early Repayment Of Debt
CallPremiumOnEarlyRepaymentOfDebt
44090000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11365000
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
744000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2900000
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
385000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1351101000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73671000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92713000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
84306000
CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20106000
CY2015 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12289000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
63443000
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
83549000
CY2014Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
95838000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
147749000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78278000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3267000
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
2414000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5271000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
9886000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
84604000
CY2016 us-gaap Interest Paid Net
InterestPaidNet
47696000
CY2015 us-gaap Interest Paid Net
InterestPaidNet
78378000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
246000
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1662000
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
1198000
CY2017 eri Capital Expenditures Incurred Forfeited But Not Yet Paid Refunded
CapitalExpendituresIncurredForfeitedButNotYetPaidRefunded
-317000
CY2016 eri Capital Expenditures Incurred Forfeited But Not Yet Paid Refunded
CapitalExpendituresIncurredForfeitedButNotYetPaidRefunded
4222000
CY2015 eri Capital Expenditures Incurred Forfeited But Not Yet Paid Refunded
CapitalExpendituresIncurredForfeitedButNotYetPaidRefunded
500000
CY2015 eri Equipment Acquired Under Capital Leases
EquipmentAcquiredUnderCapitalLeases
870000
CY2017Q1 us-gaap Costs And Expenses
CostsAndExpenses
186561000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
14028000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
945000
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47120751
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48081281
CY2016Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215583000
CY2016Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
233493000
CY2016Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
243049000
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
196855000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.86%;">Use of Estimates.<font style="font-weight:normal;font-style:normal;">&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates incorporated into the Company&#8217;s consolidated financial statements include estimated useful lives for depreciable and amortizable assets, estimated allowance for doubtful accounts receivable, estimated cash flows in assessing goodwill and indefinite-lived intangible assets for impairment and the recoverability of long</font><font style="font-weight:normal;font-style:normal;">&#8209;lived assets, self&#8209;insurance reserves, players&#8217; club liabilities, contingencies and litigation, claims and assessments, and fair value measurements related to the Company&#8217;s long&#8209;term debt. Actual results could differ from these estimates.</font></p></div>
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.86%;">Accounts Receivable and Credit Risk.<font style="font-weight:normal;font-style:normal;">&nbsp;&nbsp;</font><font style="font-weight:normal;font-style:normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of casino accounts receivable. The Company issues markers to approved casino customers following background checks and assessments of creditworthiness. Trade receivables, including casino and hotel receivables, are typically non&#8209;interest bearing. Accounts are written off when management deems the account to be uncollectible. Recoveries of accounts previously written off are recorded when received. An estimated allowance for doubtful accounts is maintained to reduce the Company&#8217;s receivables to their carrying amount, which approximates fair value. The allowance is estimated based on specific review of customer accounts as well as historical collection experience and current economic and business conditions. Management believes that as of December 31, 2017 and 2016, no significant concentrations of credit risk related to receivables existed.</font></p></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.86%;">Reclassifications.<font style="font-weight:normal;font-style:normal;"> Certain reclassifications of prior period presentations have been made to conform to the current period presentation.</font></p></div>
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
18281000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
29585000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
27739000
CY2016 us-gaap Advertising Expense
AdvertisingExpense
15500000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
3379000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
10737000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
9450000
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46933094
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47071608
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47193120
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47534761
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47721075
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47834644
CY2015 us-gaap Advertising Expense
AdvertisingExpense
11000000
CY2017 eri Revenues Gross
RevenuesGross
1480798000
CY2016 eri Revenues Gross
RevenuesGross
900465000
CY2015 eri Revenues Gross
RevenuesGross
724345000
CY2015Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
72500000
CY2015Q3 eri Closing Silver Legacy And Circus Reno Net Working Capital
ClosingSilverLegacyAndCircusRenoNetWorkingCapital
8200000
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
47017000
CY2017 eri Agreement Termination Date
AgreementTerminationDate
2017-11-21
CY2017Q4 eri Forfeited Deposit
ForfeitedDeposit
20000000
CY2017Q4 eri Proceeds From Terminated Sale
ProceedsFromTerminatedSale
20000000
CY2017 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-100000
CY2017 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2016 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2015 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
34916000
CY2017 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
3100000
CY2016 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2015 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2017Q4 eri Number Of Performance Obligation
NumberOfPerformanceObligation
2
CY2017 us-gaap Advertising Expense
AdvertisingExpense
33000000
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
15915000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1220000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1221000
CY2017 eri Bad Debt Expense
BadDebtExpense
500000
CY2016 eri Bad Debt Expense
BadDebtExpense
200000
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1300000
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1500000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1968827000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
985202000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
466010000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
372860000
CY2016 eri Depreciation Expense Including Amortization Expense On Capital Leases
DepreciationExpenseIncludingAmortizationExpenseOnCapitalLeases
58900000
CY2015 eri Depreciation Expense Including Amortization Expense On Capital Leases
DepreciationExpenseIncludingAmortizationExpenseOnCapitalLeases
51000000
CY2017 eri Indefinite Lived Intangible Assets Useful Life
IndefiniteLivedIntangibleAssetsUsefulLife
Indefinite
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
615000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
425000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
172000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
116000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
126000
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2208744000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
2210198000
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6300000
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3500000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 eri Increase Decrease In Net Deferred Tax Liabilities
IncreaseDecreaseInNetDeferredTaxLiabilities
-111900000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3959000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-12000
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-29000
CY2017 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
380000
CY2016 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
1173000
CY2017Q4 eri Long Term Debt Maturities Repayments Of Principal In Year Seven
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearSeven
375000000
CY2017Q4 eri Long Term Debt Maturities Repayments Of Principal In Year Eight
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearEight
956800000
CY2017Q4 eri Long Term Debt Maturities Repayments Of Principal In Year Nine
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearNine
875000000
CY2017 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
however, that in no event will LIBOR be less than zero or the base rate be less than 1.00% over the term of the New Term Loan Facility or the New Revolving Credit Facility.
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1013944000
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
499574000
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
8616000
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
9886000
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
12130000
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
11406000
CY2017Q4 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3
CY2017Q4 eri Accrued General Liability Claims Current
AccruedGeneralLiabilityClaimsCurrent
13816000
CY2016Q4 eri Accrued General Liability Claims Current
AccruedGeneralLiabilityClaimsCurrent
3228000
CY2017Q4 eri Unclaimed Chips Current
UnclaimedChipsCurrent
4743000
CY2016Q4 eri Unclaimed Chips Current
UnclaimedChipsCurrent
1946000
CY2017Q4 eri Accrued Purses And Track Related Liabilities
AccruedPursesAndTrackRelatedLiabilities
3256000
CY2016Q4 eri Accrued Purses And Track Related Liabilities
AccruedPursesAndTrackRelatedLiabilities
1007000
CY2017Q4 eri Jackpot Progressives And Other Accrued Gaming Current
JackpotProgressivesAndOtherAccruedGamingCurrent
18724000
CY2016Q4 eri Jackpot Progressives And Other Accrued Gaming Current
JackpotProgressivesAndOtherAccruedGamingCurrent
6678000
CY2017Q4 eri Accrued Players Point Liabilities Current
AccruedPlayersPointLiabilitiesCurrent
11753000
CY2016Q4 eri Accrued Players Point Liabilities Current
AccruedPlayersPointLiabilitiesCurrent
6845000
CY2017Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
5276000
CY2016Q4 us-gaap Construction Payable Current
ConstructionPayableCurrent
4005000
CY2017Q4 eri Accrued Other Current
AccruedOtherCurrent
8470000
CY2016Q4 eri Accrued Other Current
AccruedOtherCurrent
7795000
CY2017Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
917000
CY2016Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
543000
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
2531000
CY2015 eri Current State Tax Expense Benefit
CurrentStateTaxExpenseBenefit
665000
CY2017 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
-627000
CY2016 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
739000
CY2015 eri Current Local Tax Expense Benefit
CurrentLocalTaxExpenseBenefit
557000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-4206000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1900000
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1193000
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-104400000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12748000
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-68069000
CY2017 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
-186000
CY2016 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
-1458000
CY2015 eri Deferred State Income Tax Expense Benefit
DeferredStateIncomeTaxExpenseBenefit
-2683000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.035
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.018
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.010
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.006
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.013
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.019
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.691
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.348
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2016 us-gaap Other Income Tax Expense Benefit Continuing Operations
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P3Y
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CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
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CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.12
CY2015Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.36
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46494638
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46516614
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46516614
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46670735
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46494638
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47227127
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46657618
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46763589

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