XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, unless otherwise specified
6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2011
Jun. 16, 2011
Predecessors
Station Casinos, Inc.
Dec. 31, 2010
Predecessors
Station Casinos, Inc.
Dec. 31, 2009
Predecessors
Station Casinos, Inc.
Jun. 16, 2011
Predecessors
Green Valley Ranch Gaming LLC
Dec. 31, 2010
Predecessors
Green Valley Ranch Gaming LLC
Dec. 31, 2009
Predecessors
Green Valley Ranch Gaming LLC
Operating revenues:              
Casino $ 452,951 $ 339,703 $ 699,401 $ 764,639 $ 59,100 $ 120,580 $ 129,790
Food and beverage 119,735 85,436 163,215 189,917 19,484 39,517 44,669
Room 54,924 36,326 73,454 82,282 9,753 19,492 22,342
Other 39,658 28,072 59,086 64,732 4,205 8,006 8,511
Management fees 13,482 10,765 22,394 52,447         
Gross revenues 680,750 500,302 1,017,550 1,154,017 92,542 187,595 205,312
Promotional allowances (51,351) (35,605) (72,595) (91,868) (8,490) (17,823) (22,561)
Net revenues 629,399 464,697 944,955 1,062,149 84,052 169,772 182,751
Operating costs and expenses:              
Casino 178,266 136,037 289,168 324,373 23,574 52,410 58,712
Food and beverage 88,979 60,717 107,311 116,932 12,407 23,903 23,738
Room 22,403 15,537 32,321 34,182 3,064 6,686 6,893
Other 16,896 10,822 19,979 20,121 2,125 3,649 3,897
Selling, general and administrative 154,643 110,300 219,479 229,200 18,207 38,734 40,002
Corporate    15,818 34,899 33,018         
Development and preopening 718 1,752 16,272 12,014         
Depreciation and amortization 67,023 61,162 153,316 207,180 9,512 21,613 23,077
Management fees 21,819          3,112 6,014 6,653
Impairment of goodwill       60,386 181,785         
Impairment of other intangible assets       4,704 255,263         
Impairment of other assets 2,100    196,930 839,813         
Write downs and other charges, net 4,041 3,953 19,245 20,807 104 9,209 293
Total operating costs and expenses 556,888 416,098 1,154,010 2,274,688 72,105 162,218 163,265
Operating income (loss) 72,511 48,599 (209,055) (1,212,539) 11,947 7,554 19,486
Losses from joint ventures (1,533) (945) (248,495) (127,643)         
Gain on dissolution of joint venture    250 124,193            
Operating income (loss) and losses and gains from joint ventures 70,978 47,904 (333,357) (1,340,182) 11,947 7,554 19,486
Other (expense) income:              
Interest expense, net (92,299) (43,294) (104,582) (276,591) (20,582) (48,644) (51,916)
Interest and other expense from joint ventures    (15,452) (66,709) (40,802)         
Change in fair value of derivative instruments    397 (42) 23,729    (50,550) 14,888
Gain on early retirement of debt 1,183       40,348         
Total other (expense) income (91,116) (58,349) (171,333) (253,316) (20,582) (99,194) (37,028)
Loss before income taxes and reorganization items (20,138) (10,445) (504,690) (1,593,498) (8,635) (91,640) (17,542)
Reorganization items    3,259,995 (82,748) (375,888) 634,999      
(Loss) income before income taxes (20,138) 3,249,550 (587,438) (1,969,386) 626,364 (91,640) (17,542)
Income tax benefit    107,924 21,996 289,872         
Net (loss) income (20,138) 3,357,474 (565,442) (1,679,514) 626,364 (91,640) (17,542)
Less: net income (loss) applicable to noncontrolling interest 4,955 24,321 (1,673)            
Net (loss) income applicable to Station Casinos LLC members / Station Casinos, Inc. stockholders / Green Valley Gaming LLC members $ (25,093) $ 3,333,153 $ (563,769) $ (1,679,514) $ 626,364 $ (91,640) $ (17,542)