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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (Amounts in thousands, unaudited)
Successor
 
Successor
 
Period June 17, 2011 Through December 31, 2011
 
June 17, 2011 through June 30, 2011
 
Third
Quarter
 
Fourth
Quarter
Station Casinos LLC
 
 
 
 
 
Net revenues
$
43,549

 
$
282,398

 
$
303,452

Operating income
5,136

 
26,440

 
40,935

Net (loss) income
(1,443
)
 
(18,370
)
 
(325
)

Predecessors

 
Predecessors
 
Period January 1, 2011 Through June 16, 2011
 
First
Quarter (a)
 
April 1, 2011 through June 16, 2011 (b)
Station Casinos, Inc.
 
 
 
Net revenues
$
247,727

 
$
216,970

Operating income
28,027

 
20,572

(Loss) income before income taxes
(15,249
)
 
3,264,799

Net (loss) income
(10,026
)
 
3,367,500

Green Valley Ranch Gaming, LLC
 
 
 
Net revenues
$
45,770

 
$
38,282

Operating income
6,775

 
5,172

Net (loss) income
(14,694
)
 
641,058


 
Predecessors
 
Year Ended December 31, 2010
 
First
Quarter (c)
 
Second
Quarter (d)
 
Third
Quarter (e)
 
Fourth
Quarter (f)
Station Casinos, Inc.
 
 
 
 
 
 
 
Net revenues
$
249,371

 
$
233,575

 
$
227,048

 
$
234,961

Operating income (loss)
23,492

 
15,483

 
(234,243
)
 
(13,787
)
Loss before income taxes
(55,915
)
 
(57,401
)
 
(298,316
)
 
(175,806
)
Net loss
(53,533
)
 
(69,615
)
 
(265,824
)
 
(176,470
)
Green Valley Ranch Gaming, LLC
 
 
 
 
 
 
 
Net revenues
$
44,383

 
$
41,759

 
$
40,245

 
$
43,385

Operating income (loss)
5,574

 
4,972

 
2,316

 
(5,308
)
Net loss
(54,805
)
 
(6,894
)
 
(11,085
)
 
(18,856
)
______________________________________

(a)
STN's results include reorganization items, net of $9.6 million related to the Chapter 11 Case.
(b)
STN and GVR Predecessor's results include net gains of $3.3 billion and $657.7 million, respectively, related to the consummation of their respective plans of reorganization. These net gains include gains of $4.1 billion and $591.0 million, respectively, on discharge of liabilities subject to compromise, and fresh-start reporting adjustments, net, of $(789.5) million and $66.7 million, respectively.
(c)
STN's results include reorganization items, net of $19.3 million and a charge of $25.3 million representing the Company's 50% share of the loss on early termination of Green Valley Ranch's interest rate swap. GVR Predecessor's results include a loss of $50.6 million on early termination of its interest rate swap.
(d)
STN's results include reorganization items, net of $37.9 million.
(e)
STN's results include reorganization items, net of $21.3 million and impairment losses totaling $242.2 million, which includes $60.4 million for goodwill, $97.7 million for land held for development, $66.6 million for property and equipment, $16.3 for investments in joint ventures, and $1.2 million related to other intangible assets.
(f)
STN's results include impairment losses of $19.9 million including $16.7 million for land held for development and $3.2 million for other intangible assets. Also included is a gain of $124.2 million on the dissolution of Rancho Road joint venture, a charge of $233.3 million representing its 50% share of impairment losses recognized by Aliante Station, and reorganization items, net of $4.3 million. GVR Predecessor's results include $8.6 million in restructuring charges.