Ballys Corp
For the period ended Jun 30, 2024. Filed Aug 2, 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.
Jun 30, 2024 · Filed Aug 2, 2024
BALY$12.02+0.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (unaudited)
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Gaming | $524,751 | $493,296 | $1,040,808 | $980,191 |
| Non-gaming | 96,906 | 112,910 | 199,331 | 224,735 |
| Total revenue | 621,657 | 606,206 | 1,240,139 | 1,204,926 |
| Operating (income) costs and expenses: | ||||
| Gaming | 236,170 | 218,939 | 472,314 | 436,600 |
| Non-gaming | 48,713 | 52,276 | 96,824 | 104,620 |
| General and administrative | 252,419 | 249,957 | 500,855 | 501,565 |
| Gain from sale-leaseback, net | — | (135) | — | (374,321) |
| Depreciation and amortization | 78,782 | 79,187 | 238,528 | 153,748 |
| Total operating costs and expenses | 616,084 | 600,224 | 1,308,521 | 822,212 |
| Income (loss) from operations | 5,573 | 5,982 | (68,382) | 382,714 |
| Other (expense) income: | ||||
| Interest expense, net | (74,200) | (67,093) | (147,331) | (130,357) |
| Other non-operating income, net | 6,930 | 6,811 | 11,484 | 9,421 |
| Total other expense, net | (67,270) | (60,282) | (135,847) | (120,936) |
| (Loss) income before income taxes | (61,697) | (54,300) | (204,229) | 261,778 |
| (Benefit) provision for income taxes | (1,501) | (28,649) | 29,881 | 109,093 |
| Net (loss) income | $(60,196) | $(25,651) | $(234,110) | $152,685 |
| Basic (loss) earnings per share | $(1.24) | $(0.48) | $(4.85) | $2.82 |
| Weighted average common shares outstanding - basic | 48,498 | 53,942 | 48,308 | 54,173 |
| Diluted (loss) earnings per share | $(1.24) | $(0.48) | $(4.85) | $2.80 |
| Weighted average common shares outstanding - diluted | 48,498 | 53,942 | 48,308 | 54,582 |
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