Red Rock Resorts Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
RRR$49.46-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows —
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $78,371 | $85,527 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,873 | 31,095 |
| Write-downs and other, net | 37 | 405 |
| Amortization of debt discount and debt issuance costs | 2,290 | 2,367 |
| Share-based compensation | 5,875 | 5,296 |
| Loss on extinguishment/modification of debt | 4,430 | — |
| Deferred income tax | (10) | (712) |
| Changes in assets and liabilities: | ||
| Receivables, net | (665) | (450) |
| Inventories and prepaid expenses | (7,936) | (5,493) |
| Accounts payable | (6,141) | 5,443 |
| Accrued interest payable | 4,487 | (2,133) |
| Income tax receivable/payable | 6,235 | 10,903 |
| Other accrued liabilities | (6,124) | 8,520 |
| Other, net | 739 | (246) |
| Net cash provided by operating activities | 126,461 | 140,522 |
| Cash flows from investing activities: | ||
| Capital expenditures, net of related payables | (98,082) | (175,499) |
| Acquisition of land held for development | — | (2,108) |
| Native American development costs | (1,100) | (1,353) |
| Other, net | (813) | (1,011) |
| Net cash used in investing activities | (99,995) | (179,971) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from financing activities: | ||
| Borrowings under credit agreements with original maturity dates greater than three months | 1,915,853 | 73,000 |
| Payments under credit agreements with original maturity dates greater than three months | (2,284,327) | (6,195) |
| Proceeds from issuance of 6.625% Senior Notes | 500,000 | — |
| Payment of debt issuance costs | (21,467) | — |
| Distributions to noncontrolling interests | (57,482) | (11,496) |
| Withholding tax on share-based compensation | (10,875) | (3,473) |
| Dividends paid | (74,085) | (15,043) |
| Payments on tax receivable agreement liability | (1,662) | (6,632) |
| Other, net | (302) | (294) |
| Net cash (used in) provided by financing activities | (34,347) | 29,867 |
| Decrease in cash and cash equivalents | (7,881) | (9,582) |
| Balance, beginning of period | 137,586 | 117,289 |
| Balance, end of period | $129,705 | $107,707 |
| Supplemental cash flow disclosures: | ||
| Cash paid for interest, net of $0 and $4,643 capitalized, respectively | $50,441 | $42,255 |
| Non-cash investing and financing activities: | ||
| Capital expenditures incurred but not yet paid | $36,041 | $110,771 |
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