2023 Q2 Form 10-Q Financial Statement

#000107125523000053 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $286.7M $278.1M
YoY Change -0.93% 1.61%
Cost Of Revenue $162.3M $159.6M
YoY Change 0.52% 3.91%
Gross Profit $124.4M $118.5M
YoY Change -2.76% -1.33%
Gross Profit Margin 43.39% 42.62%
Selling, General & Admin $67.23M $62.04M
YoY Change 17.36% 1.85%
% of Gross Profit 54.05% 52.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.45M $22.20M
YoY Change -8.32% -9.02%
% of Gross Profit 17.25% 18.74%
Operating Expenses $88.69M $62.04M
YoY Change 54.81% 1.85%
Operating Profit $35.70M $32.65M
YoY Change -19.93% -0.72%
Interest Expense -$18.80M -$18.24M
YoY Change 27.58% 20.62%
% of Operating Profit -52.66% -55.85%
Other Income/Expense, Net -$19.21M -$18.24M
YoY Change 21.49% 19.2%
Pretax Income $16.53M $14.41M
YoY Change -42.56% -18.04%
Income Tax $4.248M $2.784M
% Of Pretax Income 25.7% 19.31%
Net Earnings $12.28M $11.63M
YoY Change -42.12% -67.75%
Net Earnings / Revenue 4.28% 4.18%
Basic Earnings Per Share $0.43 $0.41
Diluted Earnings Per Share $0.40 $0.38
COMMON SHARES
Basic Shares Outstanding 28.84M shares 28.18M shares
Diluted Shares Outstanding 30.72M shares 30.90M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.8M $110.5M
YoY Change -32.56% -45.39%
Cash & Equivalents $120.8M $110.5M
Short-Term Investments
Other Short-Term Assets $565.0K $8.234M
YoY Change -82.58% 158.61%
Inventory $7.778M $7.239M
Prepaid Expenses $18.39M $21.26M
Receivables $12.62M $15.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $450.0M $455.7M
YoY Change 97.25% 76.84%
LONG-TERM ASSETS
Property, Plant & Equipment $815.2M $812.3M
YoY Change -6.93% -8.79%
Goodwill $80.75M $80.75M
YoY Change -49.02% -49.02%
Intangibles $49.38M $49.72M
YoY Change -47.64% -48.3%
Long-Term Investments
YoY Change
Other Assets $9.358M $9.000M
YoY Change -30.91% -23.75%
Total Long-Term Assets $1.044B $1.044B
YoY Change -20.81% -22.45%
TOTAL ASSETS
Total Short-Term Assets $450.0M $455.7M
Total Long-Term Assets $1.044B $1.044B
Total Assets $1.494B $1.500B
YoY Change -3.4% -6.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.52M $17.72M
YoY Change -9.36% -25.79%
Accrued Expenses $28.83M $36.68M
YoY Change -20.82% -22.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.296M $477.0K
YoY Change 97.86% -27.18%
Total Short-Term Liabilities $149.6M $161.9M
YoY Change 25.35% 20.19%
LONG-TERM LIABILITIES
Long-Term Debt $895.6M $901.4M
YoY Change -5.82% -8.63%
Other Long-Term Liabilities $407.0K $448.0K
YoY Change -35.5% -70.19%
Total Long-Term Liabilities $407.0K $448.0K
YoY Change -35.5% -70.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.6M $161.9M
Total Long-Term Liabilities $407.0K $448.0K
Total Liabilities $1.126B $1.147B
YoY Change -7.07% -9.72%
SHAREHOLDERS EQUITY
Retained Earnings -$103.5M -$115.8M
YoY Change -25.51% -15.91%
Common Stock $471.6M $468.3M
YoY Change -0.51% -0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $368.0M $352.5M
YoY Change
Total Liabilities & Shareholders Equity $1.494B $1.500B
YoY Change -3.4% -6.5%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $12.28M $11.63M
YoY Change -42.12% -67.75%
Depreciation, Depletion And Amortization $21.45M $22.20M
YoY Change -8.32% -9.02%
Cash From Operating Activities $46.32M $54.55M
YoY Change -2.56% 25.34%
INVESTING ACTIVITIES
Capital Expenditures $28.87M $25.07M
YoY Change -383.02% 131.87%
Acquisitions
YoY Change
Other Investing Activities $80.00K $211.0K
YoY Change 566.67% 134.44%
Cash From Investing Activities -$28.79M -$24.86M
YoY Change 182.57% 131.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.208M -$15.52M
YoY Change -86.42% -69.61%
NET CHANGE
Cash From Operating Activities 46.32M $54.55M
Cash From Investing Activities -28.79M -$24.86M
Cash From Financing Activities -8.208M -$15.52M
Net Change In Cash 9.315M $14.17M
YoY Change -140.29% -177.61%
FREE CASH FLOW
Cash From Operating Activities $46.32M $54.55M
Capital Expenditures $28.87M $25.07M
Free Cash Flow $17.44M $29.47M
YoY Change -69.79% -9.88%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 gden Non Cash Loss On Debt Extinguishment
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Land
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Land
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CY2022Q1 us-gaap Depreciation
Depreciation
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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ImpairmentOfIntangibleAssetsIndefiniteLivedExcludingGoodwillCumulative
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CY2022Q4 gden Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill Cumulative
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IndefiniteLivedIntangibleAssetsExcludingGoodwillNet
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FiniteLivedIntangibleAssetsGross
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FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsNet
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CY2022Q4 gden Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill Cumulative
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CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2023Q1 gden Accrued Gaming Liabilities
AccruedGamingLiabilities
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CY2022Q4 gden Accrued Gaming Liabilities
AccruedGamingLiabilities
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CY2023Q1 us-gaap Notes Payable
NotesPayable
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CY2023Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
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CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
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CY2023Q1 us-gaap Deposit Liability Current
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2388000 usd
CY2022Q4 us-gaap Deposit Liability Current
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CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
36680000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33365000 usd
CY2023Q1 us-gaap Secured Long Term Debt
SecuredLongTermDebt
575000000 usd
CY2022Q4 us-gaap Secured Long Term Debt
SecuredLongTermDebt
575000000 usd
CY2023Q1 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
335461000 usd
CY2022Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
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CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
2041000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2022Q4 us-gaap Notes Payable
NotesPayable
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CY2023Q1 gden Debt Instrument Carrying Amount Including Finance Lease Obligations
DebtInstrumentCarryingAmountIncludingFinanceLeaseObligations
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CY2022Q4 gden Debt Instrument Carrying Amount Including Finance Lease Obligations
DebtInstrumentCarryingAmountIncludingFinanceLeaseObligations
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CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
7176000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
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CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3510000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
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LongTermDebtAndCapitalLeaseObligationsCurrent
477000 usd
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LongTermDebtAndCapitalLeaseObligationsCurrent
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CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
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CY2022Q4 us-gaap Unsecured Long Term Debt
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335500000 usd
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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61500000 usd
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
269000 shares
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15196000 usd
CY2022Q1 gden Shares Acquired Average Cost Per Share
SharesAcquiredAverageCostPerShare
56.54
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
11.35
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.37
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
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CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
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CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
2030854 shares
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
11.25
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2030854 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.25
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4010605 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1127160 shares
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.051
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18500000 usd
CY2022Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3672000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
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CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
278051000 usd
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
273644000 usd
CY2023Q1 gden Adjusted Ebitda
AdjustedEBITDA
62167000 usd
CY2022Q1 gden Adjusted Ebitda
AdjustedEBITDA
67325000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23508000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
26276000 usd
CY2023Q1 gden Lease Noncash Expense
LeaseNoncashExpense
33000 usd
CY2022Q1 gden Lease Noncash Expense
LeaseNoncashExpense
181000 usd
CY2023Q1 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3893000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
86000 usd
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
41000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-181000 usd
CY2023Q1 gden Preopening And Related Expenses
PreopeningAndRelatedExpenses
384000 usd
CY2022Q1 gden Preopening And Related Expenses
PreopeningAndRelatedExpenses
55000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1785000 usd
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4296000 usd
CY2023Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-18236000 usd
CY2022Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-15118000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2784000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18479000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
11630000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
36066000 usd
CY2023Q1 us-gaap Assets
Assets
1499884000 usd
CY2022Q4 us-gaap Assets
Assets
1508670000 usd

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