XML 98 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidating Condensed Financial Information - Statements of Operations (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:                      
Gaming                 $ 1,042,515,000 $ 997,613,000 $ 932,894,000
Food and beverage                 74,551,000 69,383,000 64,414,000
Other                 80,000,000 74,200,000 61,300,000
Total revenues 301,600,000 304,200,000 298,300,000 293,000,000 275,800,000 295,900,000 289,400,000 280,100,000 1,197,103,000 1,141,198,000 1,058,568,000
Expenses and other costs:                      
Gaming                 588,646,000 575,265,000 541,052,000
Food and beverage                 64,537,000 60,748,000 57,636,000
General and administrative and other                 289,200,000 268,500,000 266,200,000
Depreciation and amortization                 115,694,000 103,863,000 109,745,000
Write-downs, reserves, recoveries and impairments                 11,800,000 4,200,000 31,800,000
Total expenses and other costs                 1,069,882,000 1,012,588,000 1,006,383,000
Operating income (loss) 11,900,000 33,000,000 38,800,000 43,500,000 37,100,000 37,500,000 22,000,000 32,100,000 127,221,000 128,610,000 52,185,000
Equity earnings of subsidiaries                 0    
Interest expense, net of capitalized interest                 (93,687,000) (95,308,000) (102,867,000)
Loss on early extinguishment of debt                 (20,718,000) (183,000) (1,852,000)
Loss from equity method investment         (600,000)       (30,780,000) (588,000) 0
Income (loss) from continuing operations before inter-company activity and income taxes                 (17,900,000) 32,500,000 (52,500,000)
Management fee and inter company interest                 0 0 0
Income tax (expense) benefit                 (4,675,000) (2,335,000) 11,693,000
Income (loss) from continuing operations (42,000,000) 6,800,000 12,900,000 (300,000) 17,700,000 11,800,000 (5,200,000) 5,900,000 (22,639,000) 30,196,000 (40,841,000)
Income (loss) from discontinued operations, net of income taxes (400,000) (7,100,000) (1,000,000) (700,000) 7,300,000 (12,600,000) (23,900,000) (3,600,000) (9,166,000) (32,735,000) 17,422,000
Net income (loss) (42,400,000) (300,000) 12,000,000 (1,000,000) 25,000,000 (800,000) (29,100,000) 2,400,000 (31,805,000) (2,539,000) (23,419,000)
Pinnacle Entertainment, Inc.
                     
Revenues:                      
Gaming                 0 0 0
Food and beverage                 0 0 0
Other                 100,000 100,000 400,000
Total revenues                 100,000 100,000 400,000
Expenses and other costs:                      
Gaming                 0 0 0
Food and beverage                 0 0 0
General and administrative and other                 29,800,000 37,400,000 42,800,000
Depreciation and amortization                 3,300,000 3,400,000 5,300,000
Write-downs, reserves, recoveries and impairments                 300,000 700,000 (5,900,000)
Total expenses and other costs                 33,400,000 41,500,000 42,200,000
Operating income (loss)                 (33,300,000) (41,400,000) (41,800,000)
Equity earnings of subsidiaries                 111,200,000 127,800,000 99,600,000
Interest expense, net of capitalized interest                 (114,400,000) (105,700,000) (105,600,000)
Loss on early extinguishment of debt                 (20,700,000) (200,000) (1,900,000)
Loss from equity method investment                 0 0  
Income (loss) from continuing operations before inter-company activity and income taxes                 (57,200,000) (19,500,000) (49,700,000)
Management fee and inter company interest                 (30,100,000) (19,300,000) (14,600,000)
Income tax (expense) benefit                 (4,700,000) (2,300,000) 11,700,000
Income (loss) from continuing operations                 (31,800,000) (2,500,000) (23,400,000)
Income (loss) from discontinued operations, net of income taxes                 0 0 0
Net income (loss)                 (31,800,000) (2,500,000) (23,400,000)
100% Owned Guarantor Subsidiaries
                     
Revenues:                      
Gaming                 1,042,500,000 [1] 997,600,000 [1] 932,900,000 [1]
Food and beverage                 74,600,000 [1] 69,400,000 [1] 64,400,000 [1]
Other                 79,400,000 [1] 74,100,000 [1] 60,900,000 [1]
Total revenues                 1,196,500,000 [1] 1,141,100,000 [1] 1,058,200,000 [1]
Expenses and other costs:                      
Gaming                 588,600,000 575,300,000 [1] 541,100,000 [1]
Food and beverage                 64,500,000 [1] 60,700,000 [1] 57,600,000 [1]
General and administrative and other                 256,600,000 [1] 231,100,000 [1] 224,000,000 [1]
Depreciation and amortization                 112,200,000 [1] 100,500,000 [1] 104,300,000 [1]
Write-downs, reserves, recoveries and impairments                 9,800,000 [1] 3,500,000 [1] 38,200,000 [1]
Total expenses and other costs                 1,031,700,000 [1] 971,100,000 [1] 965,200,000 [1]
Operating income (loss)                 164,800,000 [1] 170,000,000 [1] 93,000,000 [1]
Equity earnings of subsidiaries                 0 [1] 0 [1] 2,100,000 [1]
Interest expense, net of capitalized interest                 12,100,000 [1] 7,000,000 [1] 2,800,000 [1]
Loss on early extinguishment of debt                 0 [1] 0 [1] 0 [1]
Loss from equity method investment                 0 [1] 0  
Income (loss) from continuing operations before inter-company activity and income taxes                 176,900,000 [1] 177,000,000 [1] 97,900,000 [1]
Management fee and inter company interest                 21,700,000 [1] 15,900,000 [1] 14,600,000 [1]
Income tax (expense) benefit                 0 [1] 0 [1] 0 [1]
Income (loss) from continuing operations                 155,200,000 [1] 161,100,000 [1] 83,300,000 [1]
Income (loss) from discontinued operations, net of income taxes                 (9,100,000) [1] (32,900,000) [1] 15,800,000 [1]
Net income (loss)                 146,100,000 [1] 128,200,000 [1] 99,100,000 [1]
100% Owned Non-Guarantor Subsidiaries
                     
Revenues:                      
Gaming                 0 [2] 0 [2] 0 [2]
Food and beverage                 0 [2] 0 [2] 0 [2]
Other                 500,000 [2] 0 [2] 0 [2]
Total revenues                 500,000 [2] 0 [2] 0 [2]
Expenses and other costs:                      
Gaming                 0 [2] 0 [2] 0 [2]
Food and beverage                 0 [2] 0 [2] 0 [2]
General and administrative and other                 2,800,000 [2] 0 [2] (600,000) [2]
Depreciation and amortization                 200,000 [2] 0 [2] 100,000 [2]
Write-downs, reserves, recoveries and impairments                 1,700,000 [2] 0 [2] (500,000) [2]
Total expenses and other costs                 4,700,000 [2] 0 [2] (1,000,000) [2]
Operating income (loss)                 (4,200,000) [2] 0 [2] 1,000,000 [2]
Equity earnings of subsidiaries                 0 [2] 0 [2] 0 [2]
Interest expense, net of capitalized interest                 8,600,000 [2] 3,400,000 [2] 0 [2]
Loss on early extinguishment of debt                 0 [2]   0 [2]
Loss from equity method investment                 (30,800,000) [2] (600,000)  
Income (loss) from continuing operations before inter-company activity and income taxes                 (26,400,000) [2] 2,800,000 [2] 1,000,000 [2]
Management fee and inter company interest                 8,400,000 [2] 3,400,000 [2] 0 [2]
Income tax (expense) benefit                 0 [2] 0 [2] 0 [2]
Income (loss) from continuing operations                 (34,800,000) [2] (600,000) [2] 1,000,000 [2]
Income (loss) from discontinued operations, net of income taxes                 (100,000) [2] 200,000 [2] 1,600,000 [2]
Net income (loss)                 (34,900,000) [2] (400,000) [2] 2,600,000 [2]
Consolidating and Eliminating Entries
                     
Revenues:                      
Gaming                 0 0 0
Food and beverage                 0 0 0
Other                 0 0 0
Total revenues                 0 0 0
Expenses and other costs:                      
Gaming                 0 0 0
Food and beverage                 0 0 0
General and administrative and other                 0 0 0
Depreciation and amortization                 0 0 0
Write-downs, reserves, recoveries and impairments                 0 0 0
Total expenses and other costs                 0 0 0
Operating income (loss)                 0 0 0
Equity earnings of subsidiaries                 (111,200,000) (127,800,000) (101,700,000)
Interest expense, net of capitalized interest                 0 0 0
Loss on early extinguishment of debt                 0 0 [2] 0
Loss from equity method investment                 0 0  
Income (loss) from continuing operations before inter-company activity and income taxes                 (111,200,000) (127,800,000) (101,700,000)
Management fee and inter company interest                 0 0 0
Income tax (expense) benefit                 0 0 0
Income (loss) from continuing operations                 (111,200,000) (127,800,000) (101,700,000)
Income (loss) from discontinued operations, net of income taxes                 0 0 0
Net income (loss)                 $ (111,200,000) $ (127,800,000) $ (101,700,000)
[1] The following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: ACE Gaming, LLC; AREP BoardwalkProperties LLC; Belterra Resort Indiana, LLC; Boomtown, LLC; Casino Magic, LLC; Casino One Corporation; Louisiana-I Gaming; Mitre Associates LLC; PNK (Baton Rouge) Partnership; PNK (Biloxi), LLC; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK Development 13, LLC; PNK (ES), LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (RENO), LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; PNK (STLH), LLC; PNK (ST. LOUIS RE), LLC; and PSW Properties LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes.
[2] Guarantor subsidiaries of our senior and senior subordinated notes exclude; a subsidiary that owns a minority interest in ACDL; a subsidiary with $3.9 million in cash and cash equivalents as of December 31, 2012; a subsidiary with approximately $4.4 million in total assets as of December 31, 2012; a subsidiary with $25.2 million in total assets as of December 31, 2012; a subsidiary with $4.3 million in total assets as of December 31, 2012; and certain non-material subsidiaries.