XML 12 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands
3 Months Ended6 Months Ended9 Months Ended3 Months Ended6 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2011
Sep. 30, 2010
Predecessors
Station Casinos, Inc.
Jun. 16, 2011
Predecessors
Station Casinos, Inc.
Sep. 30, 2010
Predecessors
Station Casinos, Inc.
Sep. 30, 2010
Predecessors
Green Valley Ranch Gaming LLC
Jun. 16, 2011
Predecessors
Green Valley Ranch Gaming LLC
Sep. 30, 2010
Predecessors
Green Valley Ranch Gaming LLC
Operating revenues:        
Casino$ 203,176$ 232,424$ 173,118$ 339,703$ 520,493$ 28,301$ 59,100$ 88,230
Food and beverage53,39562,56239,01185,436120,0499,74319,48430,028
Room25,12129,29817,77536,32655,3584,6589,75315,231
Other18,06821,76215,06528,07245,3041,9124,2056,091
Management fees5,7316,69312810,76522,221   
Gross revenues305,491352,739245,097500,302763,42544,61492,542139,580
Promotional allowances(23,093)(26,792)(18,049)(35,605)(53,431)(4,369)(8,490)(13,193)
Net revenues282,398325,947227,048464,697709,99440,24584,052126,387
Operating costs and expenses:        
Casino80,59292,60171,879136,037213,39212,38823,57438,234
Food and beverage39,46346,02326,00160,71778,2695,94712,40717,746
Room10,25211,9288,11015,53724,3971,6863,0645,127
Other7,7499,2785,67410,82214,8218792,1252,773
Selling, general and administrative72,50583,54357,268110,300167,87010,20218,20728,579
Corporate  9,44515,81828,759   
Development and preopening3564843,7931,7527,485   
Depreciation and amortization34,52238,51935,68461,162120,0165,3919,51216,485
Management fees9,63811,098   1,3913,1124,536
Impairment of goodwill  60,386 60,386   
Impairment of other intangible assets and other assets  181,773 181,773   
Write downs and other charges, net8818971,2783,9538,0944510445
Total operating costs and expenses255,958294,371461,291416,098905,26237,92972,105113,525
Operating income (loss)26,44031,576(234,243)48,599(195,268)2,31611,94712,862
Earnings (losses) from joint ventures290332(4,975)(945)(2,762)   
Gain on dissolution of joint venture   250    
Operating income (loss) and earnings (losses) from joint ventures26,73031,908(239,218)47,904(198,030)2,31611,94712,862
Other (expense) income:        
Interest expense, net(45,100)(51,721)(26,701)(43,294)(79,345)(13,401)(20,582)(35,096)
Interest and other expense from joint ventures  (11,126)(15,452)(55,750)   
Change in fair value of derivative instruments   397(42)  (50,550)
Total other (expense) income(45,100)(51,721)(37,827)(58,349)(135,137)(13,401)(20,582)(85,646)
Loss before income taxes and reorganization items(18,370)(19,813)(277,045)(10,445)(333,167)(11,085)(8,635)(72,784)
Reorganization items, net  (21,271)3,259,995(78,465) 634,999 
(Loss) income before income taxes(18,370)(19,813)(298,316)3,249,550(411,632)(11,085)626,364(72,784)
Income tax benefit  32,492107,92422,660   
Net (loss) income(18,370)(19,813)(265,824)3,357,474(388,972)(11,085)626,364(72,784)
Less: net income (loss) applicable to noncontrolling interest7941,098(1,672)24,321(1,672)   
Net (loss) income applicable to Station Casinos LLC members / Station Casinos, Inc. stockholders / Green Valley Gaming LLC members$ (19,164)$ (20,911)$ (264,152)$ 3,333,153$ (387,300)$ (11,085)$ 626,364$ (72,784)