XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:    
Casino $ 239,771 $ 234,065
Food and beverage 66,620 65,226
Room 34,384 31,391
Other 17,182 17,180
Management fees 26,649 19,950
Gross revenues 384,606 367,812
Promotional allowances (25,359) (25,043)
Net revenues 359,247 342,769
Operating costs and expenses:    
Casino 87,421 85,031
Food and beverage 42,524 41,380
Room 12,385 11,788
Other 5,722 6,132
Selling, general and administrative 70,021 71,247
Preopening 348 128
Depreciation and amortization 39,018 35,157
Management fee expense 14,588 13,592
Write-downs and other charges, net 2,364 3,013
Total operating costs and expenses 274,391 267,468
Operating income 84,856 75,301
Earnings from joint ventures 612 410
Operating income and earnings from joint ventures 85,468 75,711
Other expense:    
Interest expense, net (34,282) (36,295)
Change in fair value of derivative instruments (3) (3)
Total other expense (34,285) (36,298)
Income from continuing operations 51,183 39,413
Discontinued operations 0 (132)
Net income 51,183 39,281
Less net income attributable to noncontrolling interests 1,864 1,459
Net income attributable to Station Casinos LLC $ 49,319 $ 37,822