Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Consolidating Financial Information [Abstract]

Condensed Balance Sheet

The consolidating condensed balance sheet as of December 31, 2015 is as follows:

Balance Sheet
	Eldorado Resorts, Inc. (Parent Obligor)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating and Eliminating Entries		Eldorado Resorts, Inc. Consolidated
Current assets	$	2,248	$	87,976	$	31,102	$	(5,147)	$	116,179
Intercompany receivables		401,998		—		—		(401,998)		—
Investment in and advances to unconsolidated affiliates		—		62,786		—		(61,500)		1,286
Investments in subsidiaries		88,314		—		—		(88,314)		—
Property and equipment, net		2,553		439,640		183,223		—		625,416
Other assets		89		575,466		6,572		—		582,127
Total assets	$	495,202	$	1,165,868	$	220,897	$	(556,959)	$	1,325,008
Current liabilities	$	24,238	$	78,508	$	30,616	$	(27,652)	$	105,710
Intercompany payables		—		389,272		(8,149)		(381,123)		—
Long-term debt, less current maturities		486,171		325,542		50,000		—		861,713
Other accrued liabilities		4,905		151,910		2,525		(72,422)		86,918
Stockholders’ equity		(20,112)		220,636		145,905		(75,762)		270,667
Total liabilities and stockholders’ equity	$	495,202	$	1,165,868	$	220,897	$	(556,959)	$	1,325,008

Condensed Income Statement

The consolidating condensed statement of operations for the year ended December 31, 2015 is as follows:

Statement of Operations
	Eldorado Resorts, Inc. (Parent Obligor)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating and Eliminating Entries		Eldorado Resorts, Inc. Consolidated
Revenues:
Gaming and pari-mutuel commissions	$	—	$	612,229	$	11,029	$	—	$	623,258
Non-gaming		—		147,894		13,389		—		161,283
Gross revenues		—		760,123		24,418		—		784,541
Less promotional allowances		—		(62,113)		(2,644)		—		(64,757)
Net revenues		—		698,010		21,774		—		719,784
Operating expenses:
Gaming and pari-mutuel commissions		—		362,011		5,534		—		367,545
Non-gaming		—		71,966		7,272		—		79,238
Marketing and promotions		—		30,100		1,127		—		31,227
General and administrative		13,738		109,808		3,553		(13,760)		113,339
Depreciation and amortization		369		54,893		1,659		—		56,921
Total operating expenses		14,107		628,778		19,145		(13,760)		648,270
Loss on disposal of assets		—		(6)		—		—		(6)
Acquisition charges		(2,368)		(84)		—		—		(2,452)
Equity in income of unconsolidated affiliates		—		3,460		—		—		3,460
Operating (loss) income		(16,475)		72,602		2,629		13,760		72,516
Interest expense, net		(10,613)		(49,409)		(1,536)		—		(61,558)
Gain on valuation of unconsolidated affiliate		—		35,582		—		—		35,582
Loss on early retirement of debt		(1,855)		(82)		—		—		(1,937)
Net (loss) income before income taxes		(28,943)		58,693		1,093		13,760		44,603
Income tax benefit		—		2,561		—		67,019		69,580
Net (loss) income	$	(28,943)	$	61,254	$	1,093	$	80,779	$	114,183

Condensed Cash Flow Statement

The consolidating Condensed Statement of Cash Flows for the year ended December 31, 2015 is as follows:

Statement of Cash Flows
	Eldorado Resorts, Inc. (Parent Obligor)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating and Eliminating Entries		Eldorado Resorts, Inc. Consolidated
Net cash (used in) provided by operating activities	$	(856)	$	51,784	$	8,379	$	(2,592)	$	56,715
INVESTING ACTIVITIES:
Capital expenditures, net of payables		(2,602)		(33,920)		(240)		—		(36,762)
Reimbursement of capital expenditures from West Virginia regulatory authorities		—		1,266		—		—		1,266
Investment in unconsolidated affiliate		—		(1,010)		—		—		(1,010)
Proceeds from sale of property and equipment		—		153		—		—		153
Decrease in restricted cash due to credit support deposit		—		2,500		—		—		2,500
(Increase) Decrease in other assets, net		(89)		1,993		(42)		(1,747)		115
Net cash (used) acquired in business combinations		(211,813)		—		—		86,797		(125,016)
Net cash (used in) provided by investing activities		(214,504)		(29,018)		(282)		85,050		(158,754)
FINANCING ACTIVITIES:
Proceeds from long-term debt borrowings		800,000		—		—		—		800,000
Net borrowings on New Revolving Credit Facility		93,500		—		—		—		93,500
Principal payments under Senior Notes		(2,125)		—		—		—		(2,125)
Retirement of long-term debt		(649,538)		(79,126)		—		—		(728,664)
Principal payments on capital leases		—		(88)		—		—		(88)
Debt issuance costs		(25,820)		—		—		—		(25,820)
Call premium on early retirement of debt		—		(44,090)		—		—		(44,090)
Net proceeds from (payments to) related parties		—		73,036		(5,832)		(67,204)		—
Net cash provided by (used in) financing activities		216,017		(50,268)		(5,832)		(67,204)		92,713
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		657		(27,502)		2,265		15,254		(9,326)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		—		87,604		15,254		(15,254)		87,604
CASH AND CASH EQUIVALENTS, END OF YEAR	$	657	$	60,102	$	17,519	$	—	$	78,278