Red Historical Income Statement

RRR Stock  USD 51.49  0.54  1.04%   
Historical analysis of Red Rock income statement accounts such as Total Revenue of 1.6 B, Gross Profit of 923.9 M, Other Operating Expenses of 1.2 B or Operating Income of 366.6 M can show how well Red Rock Resorts performed in making a profits. Evaluating Red Rock income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Red Rock's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Red Rock Resorts latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Red Rock Resorts is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Red Income Statement Analysis

Red Rock Resorts Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Red Rock shareholders. The income statement also shows Red investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Red Rock Income Statement Chart

Red Rock Resorts Income Statement is one of the three primary financial statements used for reporting Red's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Red Rock Resorts revenue and expense. Red Rock Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Red Rock's Non Operating Income Net Other is relatively stable compared to the past year. As of 05/19/2024, Reconciled Depreciation is likely to grow to about 140.7 M, while Selling And Marketing Expenses is likely to drop slightly above 9.8 M.

Total Revenue

Total revenue comprises all receipts Red Rock Resorts generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Red Rock Resorts minus its cost of goods sold. It is profit before Red Rock operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most accounts from Red Rock's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Red Rock Resorts current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Red Rock's Non Operating Income Net Other is relatively stable compared to the past year. As of 05/19/2024, Reconciled Depreciation is likely to grow to about 140.7 M, while Selling And Marketing Expenses is likely to drop slightly above 9.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense103.2M129.9M181.0M117.7M
Depreciation And Amortization157.8M164.2M132.5M179.6M

Red Rock income statement Correlations

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-0.53-0.660.77-0.4-0.64-0.12-0.46-0.33-0.480.07-0.43-0.450.56-0.390.48-0.7-0.090.07-0.060.610.65-0.09-0.26-0.030.09
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-0.460.77-0.9-0.56-0.7-0.27-0.59-0.37-0.5-0.15-0.37-0.480.69-0.30.36-0.75-0.150.14-0.380.680.67-0.20.11-0.050.16
0.39-0.40.76-0.560.880.750.750.670.790.770.350.64-0.620.53-0.690.710.420.110.33-0.76-0.75-0.03-0.320.08-0.32
0.28-0.640.72-0.70.880.390.930.830.920.370.240.81-0.660.77-0.720.760.62-0.20.44-0.77-0.76-0.08-0.050.19-0.53
0.62-0.120.55-0.270.750.390.140.040.20.930.680.07-0.5-0.05-0.460.47-0.170.450.18-0.52-0.520.0-0.44-0.340.26
-0.04-0.460.56-0.590.750.930.140.940.950.21-0.060.87-0.480.87-0.620.60.82-0.370.47-0.61-0.59-0.17-0.060.39-0.73
-0.21-0.330.4-0.370.670.830.040.940.970.2-0.290.89-0.290.87-0.530.430.86-0.320.26-0.48-0.46-0.12-0.040.51-0.82
0.05-0.480.54-0.50.790.920.20.950.970.31-0.090.89-0.460.83-0.650.60.74-0.260.32-0.67-0.65-0.02-0.040.41-0.69
0.380.070.51-0.150.770.370.930.210.20.310.360.18-0.320.01-0.380.38-0.010.480.06-0.44-0.430.06-0.54-0.10.07
0.81-0.430.37-0.370.350.240.68-0.06-0.29-0.090.36-0.17-0.6-0.15-0.410.43-0.40.180.33-0.42-0.45-0.11-0.05-0.660.51
-0.08-0.450.47-0.480.640.810.070.870.890.890.18-0.17-0.220.83-0.560.550.77-0.410.27-0.52-0.5-0.01-0.280.62-0.83
-0.60.56-0.630.69-0.62-0.66-0.5-0.48-0.29-0.46-0.32-0.6-0.22-0.130.42-0.6-0.020.2-0.610.680.67-0.040.070.39-0.01
-0.25-0.390.27-0.30.530.77-0.050.870.870.830.01-0.150.83-0.13-0.60.370.89-0.360.26-0.32-0.31-0.390.150.43-0.75
-0.390.48-0.40.36-0.69-0.72-0.46-0.62-0.53-0.65-0.38-0.41-0.560.42-0.6-0.68-0.35-0.05-0.410.740.740.25-0.030.060.16
0.62-0.70.77-0.750.710.760.470.60.430.60.380.430.55-0.60.37-0.680.120.070.31-0.86-0.860.26-0.10.03-0.09
-0.53-0.090.12-0.150.420.62-0.170.820.860.74-0.01-0.40.77-0.020.89-0.350.12-0.440.24-0.13-0.11-0.46-0.020.59-0.89
0.290.070.180.140.11-0.20.45-0.37-0.32-0.260.480.18-0.410.2-0.36-0.050.07-0.44-0.61-0.11-0.130.120.13-0.210.59
0.19-0.060.17-0.380.330.440.180.470.260.320.060.330.27-0.610.26-0.410.310.24-0.61-0.38-0.34-0.15-0.21-0.28-0.19
-0.680.61-0.710.68-0.76-0.77-0.52-0.61-0.48-0.67-0.44-0.42-0.520.68-0.320.74-0.86-0.13-0.11-0.381.0-0.30.07-0.020.09
-0.70.65-0.710.67-0.75-0.76-0.52-0.59-0.46-0.65-0.43-0.45-0.50.67-0.310.74-0.86-0.11-0.13-0.341.0-0.30.04-0.010.06
0.42-0.090.23-0.2-0.03-0.080.0-0.17-0.12-0.020.06-0.11-0.01-0.04-0.390.250.26-0.460.12-0.15-0.3-0.3-0.130.130.19
0.0-0.26-0.220.11-0.32-0.05-0.44-0.06-0.04-0.04-0.54-0.05-0.280.070.15-0.03-0.1-0.020.13-0.210.070.04-0.13-0.20.27
-0.44-0.030.09-0.050.080.19-0.340.390.510.41-0.1-0.660.620.390.430.060.030.59-0.21-0.28-0.02-0.010.13-0.2-0.71
0.540.09-0.10.16-0.32-0.530.26-0.73-0.82-0.690.070.51-0.83-0.01-0.750.16-0.09-0.890.59-0.190.090.060.190.27-0.71
Click cells to compare fundamentals

Red Rock Account Relationship Matchups

Red Rock income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization222.2M231.4M157.8M164.2M132.5M179.6M
Interest Expense156.7M128.5M103.2M129.9M181.0M117.7M
Selling General Administrative384.7M314.4M332.8M341.7M364.2M367.4M
Total Revenue1.9B1.2B1.6B1.7B1.7B1.6B
Gross Profit906.6M681.1M1.1B1.1B965.2M923.9M
Other Operating Expenses1.6B1.1B1.1B1.1B1.2B1.2B
Operating Income269.7M125.9M561.4M561.3M558.7M366.6M
Ebit269.7M125.9M561.4M561.3M558.7M407.3M
Ebitda491.9M357.3M719.2M725.5M691.2M586.9M
Cost Of Revenue949.9M501.3M552.5M588.7M758.9M719.1M
Total Operating Expenses638.5M556.0M504.9M481.4M406.5M529.7M
Income Before Tax(8.5M)(60.5M)285.5M434.9M380.8M399.8M
Total Other Income Expense Net(278.2M)(186.3M)(275.9M)(126.4M)(177.9M)(186.8M)
Net Income(6.7M)(174.5M)354.8M390.4M176.0M109.0M
Income Tax Expense(1.7M)114.1M(69.3M)44.5M43.0M70.4M
Net Income From Continuing Ops(6.7M)(174.5M)354.8M390.4M337.8M177.6M
Net Income Applicable To Common Shares(3.4M)(150.4M)241.9M205.5M236.3M248.1M
Minority Interest281.9M(24.1M)(113.0M)(184.9M)(161.8M)(153.7M)
Tax Provision(1.7M)114.1M(69.3M)44.5M43.0M29.7M
Net Interest Income(156.7M)(128.5M)(103.2M)(129.9M)(181.0M)(190.1M)
Non Operating Income Net Other(37.8M)(20.6M)(12.8M)3.5M3.1M3.3M
Reconciled Depreciation222.2M231.4M157.8M128.4M132.5M140.7M

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When determining whether Red Rock Resorts is a strong investment it is important to analyze Red Rock's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Red Rock's future performance. For an informed investment choice regarding Red Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Red Rock Resorts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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When running Red Rock's price analysis, check to measure Red Rock's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Rock is operating at the current time. Most of Red Rock's value examination focuses on studying past and present price action to predict the probability of Red Rock's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Rock's price. Additionally, you may evaluate how the addition of Red Rock to your portfolios can decrease your overall portfolio volatility.
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Is Red Rock's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Red Rock. If investors know Red will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Red Rock listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.08)
Dividend Share
1
Earnings Share
2.87
Revenue Per Share
30.595
Quarterly Revenue Growth
0.127
The market value of Red Rock Resorts is measured differently than its book value, which is the value of Red that is recorded on the company's balance sheet. Investors also form their own opinion of Red Rock's value that differs from its market value or its book value, called intrinsic value, which is Red Rock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Red Rock's market value can be influenced by many factors that don't directly affect Red Rock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Red Rock's value and its price as these two are different measures arrived at by different means. Investors typically determine if Red Rock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Red Rock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.