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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Casino $ 1,228,958 $ 1,248,616 $ 1,247,034
Food and beverage 139,565 138,192 134,854
Rooms 77,698 77,870 79,403
Other 27,957 28,905 30,559
Gross Revenues 1,474,178 1,493,583 1,491,850
Less: promotional allowances (278,957) (279,077) (302,568)
Net revenues 1,195,221 [1] 1,214,506 1,189,282
Operating Expenses:      
Casino 537,862 545,709 556,911
Food and beverage 53,634 57,346 60,878
Rooms 8,121 8,270 8,281
Other 9,761 10,659 12,392
Selling, general and administrative 251,395 259,151 244,964
Depreciation and amortization 106,317 105,922 109,070
Impairment of goodwill 0 0 21,438
Impairment of other intangible assets 0 0 34,791
Impairment of fixed assets 9,563 245 224
Net loss (gain) on disposition of assets 408 (45) 255
Total operating expenses 977,061 987,257 1,049,204
Income from operations 218,160 227,249 140,078
Other Income (Expense):      
Interest income 44 15 452
Interest expense, net of capitalized interest (114,740) (106,623) (121,233)
Loss on early retirement of debt 0 (85,311) 0
Other 835 (784) 1,463
Income Before Income Tax Provision 104,299 [1] 34,546 [1] 20,760
Income tax provision 27,964 27,752 12,130
Net Income $ 76,335 [1] $ 6,794 [1] $ 8,630
Earnings Per Share:      
Basic $ 2.32 [2] $ 0.17 [2] $ 0.15
Diluted $ 2.26 [2] $ 0.17 [2],[3] $ 0.15
Weighted-Average Shares Outstanding:      
Basic 32,906 40,242 58,025
Diluted 33,743 41,136 58,818
[1] The sum of the amounts for the four quarters does not equal the total for the year due to rounding.
[2] Because earnings (loss) per share amounts are calculated using the weighted-average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per-share amounts for the four quarters may not equal the total earnings (loss) per share amounts for the year.
[3] In April 2011, the Company obtained $2.2 billion of new debt financing. A portion of the proceeds from the new debt financing was used to purchase 26,150,000 shares of ACI’s common stock held by the Estate. The share repurchase reduced the Company’s outstanding shares by approximately 45%. The reduction in the Company’s weighted-average shares outstanding from the Repurchase Transaction benefited 2011 diluted earnings per share by $0.54.