Vici Properties Inc. - Understand $vici stock

$VICI Market Cap: $33.49 Billion

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Financial Snapshot

Revenue

$3.805B

TTM

Gross Margin

99.26%

TTM

Net Earnings

$2.812B

TTM

Current Assets

$355.7M

Q3 2024

Current Liabilities

$707.7M

Q3 2024

Current Ratio

50.26%

Q3 2024

Total Assets

$44.92B

Q3 2024

Total Liabilities

$18.40B

Q3 2024

Book Value

$26.52B

Q3 2024

Cash

$355.7M

Q3 2024

P/E

11.91

Nov 29, 2024 EST

Free Cash Flow

$1.267B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$3.612B	$2.601B	$1.510B	$1.226B	$894.8M	$898.0M	$187.6M
YoY Change	38.89%	72.28%	23.17%	36.97%	-0.35%	378.64%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$3.612B	$2.601B	$1.510B	$1.226B	$894.8M	$898.0M	$187.6M
Cost Of Revenue	$27.09M	$22.60M	$20.76M	$17.63M	$18.90M	$17.37M	$4.100M
Gross Profit	$3.585B	$2.578B	$1.489B	$1.208B	$875.9M	$880.6M	$183.5M
Gross Profit Margin	99.25%	99.13%	98.62%	98.56%	97.89%	98.07%	97.81%

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
Selling, General & Admin	$59.60M	$48.34M	$33.12M	$30.70M	$24.60M	$106.2M	$29.50M
YoY Change	23.3%	45.95%	7.89%	24.8%	-76.84%	260.0%
% of Gross Profit	1.66%	1.88%	2.22%	2.54%	2.81%	12.06%	16.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.298M	$3.182M	$3.091M	$3.731M	$3.831M	$3.686M	$751.0K
YoY Change	35.07%	2.94%	-17.15%	-2.61%	3.93%	390.81%
% of Gross Profit	0.12%	0.12%	0.21%	0.31%	0.44%	0.42%	0.41%
Operating Expenses	$240.1M	$945.6M	$44.47M	$294.7M	$28.40M	$140.0M	$30.30M
YoY Change	-74.62%	2026.62%	-84.91%	937.68%	-79.72%	362.12%
Operating Profit	$3.345B	$1.632B	$1.444B	$321.0M	$52.30M	$140.0M	$144.2M
YoY Change	104.9%	13.02%	349.92%	513.81%	-62.65%	-2.89%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$818.1M	$540.0M	$392.4M	$308.6M	$248.4M	$212.7M	$63.35M
YoY Change	51.51%	37.61%	27.15%	24.25%	16.8%	235.67%
% of Operating Profit	24.46%	33.08%	27.17%	96.13%	474.93%	151.88%	43.94%
Other Income/Expense, Net	$73.33M	$59.63M	$27.81M	$15.79M	$0.00	$81.81M
YoY Change	22.97%	114.43%	76.08%		-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
Pretax Income	$2.548B	$1.139B	$1.026B	$897.0M	$556.0M	$533.6M	$42.64M
YoY Change	123.72%	11.02%	14.38%	61.34%	4.2%	1151.43%
Income Tax	-$6.141M	$2.876M	$2.887M	$831.0K	$1.705M	$1.441M	-$1.901M
% Of Pretax Income	-0.24%	0.25%	0.28%	0.09%	0.31%	0.27%	-4.46%
Net Earnings	$2.514B	$1.118B	$1.014B	$891.7M	$546.0M	$523.6M	$44.54M
YoY Change	124.9%	10.24%	13.7%	63.32%	4.27%	1075.69%
Net Earnings / Revenue	69.59%	42.97%	67.16%	72.76%	61.02%	58.31%	23.74%
Basic Earnings Per Share	$2.48	$1.27	$1.80	$1.76	$1.25	$1.43
Diluted Earnings Per Share	$2.47	$1.27	$1.76	$1.75	$1.24	$1.43	$187.3K

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
Cash & Short-Term Investments	$522.6M	$208.9M	$739.6M	$316.0M	$1.102B	$578.0M	$184.0M
YoY Change	150.12%	-71.75%	134.06%	-71.32%	90.66%	214.13%
Cash & Equivalents	$522.6M	$208.9M	$739.6M	$316.0M	$1.102B	$578.0M	$184.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$522.6M	$208.9M	$739.6M	$316.0M	$1.102B	$578.0M	$184.0M
YoY Change	150.12%	-71.75%	134.06%	-71.32%	90.66%	214.13%
Property, Plant & Equipment	$150.7M	$1.030B	$512.9M	$522.0M	$1.278B	$1.254B	$1.258B
YoY Change	-85.37%	100.89%	-1.75%	-59.15%	1.91%	-0.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.144B	$2.364B	$498.0M	$557.0M	$59.00M	$521.0M
YoY Change	-51.6%	374.68%	-10.59%	844.07%	-88.68%
Other Assets	$35.57M	$38.83M	$53.28M	$13.00M	$29.00M	$21.00M	$14.00M
YoY Change	-8.39%	-27.12%	309.83%	-55.17%	38.1%	50.0%
Total Long-Term Assets	$43.54B	$37.37B	$16.86B	$16.75B	$12.16B	$10.76B	$9.556B
YoY Change	16.51%	121.66%	0.66%	37.68%	13.1%	12.55%
Total Assets	$44.06B	$37.58B	$17.60B	$17.06B	$13.27B	$11.33B	$9.740B
YoY Change
Accounts Payable				$1.000M	$1.000M	$1.000M	$5.000M
YoY Change				0.0%	0.0%	-80.0%
Accrued Expenses	$227.2M	$258.4M	$130.3M	$79.00M	$75.00M	$50.00M	$27.00M
YoY Change	-12.07%	98.27%	64.99%	5.33%	50.0%	85.19%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$65.54M
YoY Change
Total Short-Term Liabilities	$664.8M	$638.6M	$356.7M	$257.0M	$213.0M	$167.0M	$32.00M
YoY Change	4.11%	79.06%	38.77%	20.66%	27.54%	421.88%
Long-Term Debt	$16.72B	$14.52B	$4.975B	$7.050B	$4.792B	$4.122B	$4.786B
YoY Change	15.15%	191.94%	-29.43%	47.12%	16.25%	-13.87%
Other Long-Term Liabilities	$1.013B	$118.8M	$74.64M	$260.0M	$209.0M	$139.0M	$142.0M
YoY Change	752.53%	59.22%	-71.29%	24.4%	50.36%	-2.11%
Total Long-Term Liabilities	$17.74B	$14.64B	$5.050B	$7.310B	$5.001B	$4.261B	$4.928B
YoY Change	21.13%	189.97%	-30.92%	46.17%	17.37%	-13.53%
Total Liabilities	$18.80B	$15.64B	$5.489B	$7.648B	$5.300B	$4.516B	$5.048B
YoY Change	20.21%	184.97%	-28.23%	44.3%	17.36%	-10.54%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018
Basic Shares Outstanding	1.015B shares	877.5M shares	564.5M shares	506.1M shares	435.1M shares	367.2M shares
Diluted Shares Outstanding	1.016B shares	879.7M shares	577.1M shares	510.9M shares	439.2M shares	367.3M 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: $33.491 Billion

About VICI PROPERTIES INC.

VICI Properties, Inc. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. The company is headquartered in New York City, New York and currently employs 28 full-time employees. The company went IPO on 2017-10-17. The firm is engaged in the business of owning and acquiring gaming, hospitality and entertainment destinations, subject to long-term triple net leases. The firm owns portfolios of gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas. The Company’s properties own 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio comprises over 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by gaming, leisure and hospitality operators under long-term, triple-net lease agreements. In addition, it owns over 33 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip.

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