Investor Presentaiton
| NET INCOME TO ADJUSTED EBITDA RECONCILIATION (1)
($ in thousands)
red rock resorts
Three Months Ended September 30, (1)
2021
Twelve Months Ended September 30, (1)
2020
2021
2020
Net income (loss)
Adjustments
Depreciation and amortization
Share-based compensation
118,290
$
72,044
$
204,707
$
(217,329)
34,025
57,297
182,076
231,353
3,325
633
12,050
12,274
Write-downs and other charges, net
463
1,400
13,007
41,128
Asset impairment
167,777
Losses from assets held for sale
2,990
4,431
Interest expense, net
25,311
29,798
106,821
137,579
(Gain) loss on extinguishment/modification of debt, net
(482)
8,135
19,402
Change in fair value of derivative instruments
1
108
437
19,500
Provision (benefit) for income tax
1,694
111,327
Other
Adjusted EBITDA
118
99
733
344
$
184,523
$
160,897
$
701,868
$
355,578
Adjusted EBITDA
Las Vegas operations
$
197,905
$
141,670
$
718,248
$
328,006
Native American management
205
29,826
32,615
72,497
Reportable segment Adjusted EBITDA
198,110
171,496
750,863
400,503
Corporate and other
(13,587)
(10,599)
(48,995)
(44,925)
Adjusted EBITDA
184,523
$
160,897
$
701,868
$
355,578
(1) Represents consolidated results for RRR as of September 30, 2021.
INVESTOR PRESENTATION November 2021
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