XML 32 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net loss $ (5,724) $ (50,365) $ (5,116)
Adjustments to reconcile net loss to net cash provided by net operating activities:      
Depreciation 27,511 27,939 28,733
Amortization of deferred financing fees and original issue discount 3,768 5,470 6,613
Loss on debt modification and extinguishment   34,364  
Impairment loss   685 40
Bad debt expense 118 109 209
Stock-based compensation expense 1,060 947 606
Deferred income taxes 3,538 3,878 (1,697)
(Gain) loss on the sale or disposal of property (52) 470 75
Change in operating assets and liabilities:      
Accounts receivable 485 (1,873) (358)
Prepaid income taxes     9,209
Other current assets (1,018) (370) 3,322
Accounts payable 4,516 (57) 675
Accrued liabilities 10,724 11,965 (44)
Other regulatory gaming assessments (124) 5,925  
Long-term compensation 629 242  
Accrued income taxes (215) 412  
Net cash provided by continuing operating activities 45,216 39,741 42,267
Net cash (used in) provided by discontinued operating activities (91) 1 (12)
Net cash provided by operating activities 45,125 39,742 42,255
Cash flows from investing activities:      
(Increase) decrease in deposits and other (6) 82 2,608
Increase in restricted cash (2,942) (3) (660)
Decrease (increase) in funds held for construction project 130,114 (130,114)  
Proceeds from the sale of property and equipment 5 96 314
Proceeds from the sale of non-operating real property 449 424 1,370
Reimbursement of capital expenditures from West Virginia regulatory authorities 1,076 1,830 5,162
Capital expenditures (119,136) (11,349) (16,448)
Payment of Ohio video lottery terminal license (25,000)    
Payment of Pennsylvania table games license and related fees   (48) (16,508)
Net cash used in investing activities (15,440) (139,082) (24,162)
Cash flows from financing activities:      
Proceeds from credit facility     10,000
Proceeds from issuance of equipment financing and long-term debt     679
Proceeds from issuance of Senior Secured Second Lien Notes   548,050  
Principal payments on long-term debt and capital lease obligations   (1,866) (17,597)
Financing costs paid (157) (12,217) (2,110)
Payment of debt extinguishment costs   (619)  
Repurchase of Senior Subordinated Notes   (125,247)  
Repurchase of Senior Secured Notes   (276,996)  
Net cash (used in) provided by financing activities (157) 131,105 (9,028)
Net increase in cash and cash equivalents 29,528 31,765 9,065
Cash and cash equivalents, beginning of year 85,585 53,820 44,755
Cash and cash equivalents, end of year 115,113 85,585 53,820
Supplemental disclosure of cash flow information:      
Interest paid 59,549 44,319 45,052
Income taxes paid (refunded) $ 336   $ (8,930)