Complete financial analysis of Golden Entertainment, Inc. (GDEN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Golden Entertainment, Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.
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Golden Entertainment, Inc. (GDEN)
About Golden Entertainment, Inc.
Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers. The Maryland Casino Resort segment operates Rocky Gap casino resort, including various food and beverage outlets, signature golf course, spa, and pool. The Distributed Gaming segment operates slot machines and amusement devices in non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, and grocery stores. As of February 17, 2022, the company operated approximately 16,900 slots, 120 table games, and 6,200 hotel rooms; 10 casinos; and video gaming devices at 1,100 locations, as well as owned 60 traditional taverns. The company was formerly known as Lakes Entertainment, Inc. and changed its name to Golden Entertainment, Inc. in July 2015. Golden Entertainment, Inc. was incorporated in 1998 and is headquartered in Las Vegas, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.05B | 1.12B | 1.10B | 694.16M | 973.41M | 851.79M | 509.81M | 403.20M | 177.04M | 55.17M | 38.79M | 10.95M | 35.57M | 24.60M | 26.22M | 24.33M | 28.45M | 29.87M | 18.22M | 17.56M | 4.27M | 1.50M | 34.85M | 59.04M | 54.70M | 92.30M |
| Cost of Revenue | 577.60M | 617.26M | 583.37M | 407.18M | 557.18M | 498.90M | 336.98M | 284.77M | 118.61M | 30.50M | 18.09M | 1.25M | 0.00 | 0.00 | 28.00K | 0.00 | 8.22M | 10.32M | 16.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 475.55M | 504.46M | 513.17M | 286.98M | 416.23M | 352.89M | 172.83M | 118.44M | 58.43M | 24.68M | 20.70M | 9.70M | 35.57M | 24.60M | 26.19M | 24.33M | 20.23M | 19.56M | 18.21M | 17.56M | 4.27M | 1.50M | 34.85M | 59.04M | 54.70M | 92.30M |
| Gross Profit Ratio | 45.16% | 44.97% | 46.80% | 41.34% | 42.76% | 41.43% | 33.90% | 29.37% | 33.01% | 44.73% | 53.36% | 88.58% | 100.00% | 100.00% | 99.89% | 100.00% | 71.10% | 65.47% | 99.91% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 242.47M | 223.20M | 212.07M | 172.51M | 212.75M | 173.79M | 0.00 | 0.00 | 35.31M | 19.27M | 17.33M | 10.09M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 13.10M | 12.20M | 9.90M | 6.90M | 13.10M | 10.10M | 0.00 | 0.00 | 3.40M | 3.30M | 2.00M | 100.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 255.57M | 235.40M | 221.97M | 179.41M | 225.85M | 183.89M | 103.52M | 68.16M | 38.71M | 22.57M | 19.33M | 10.19M | 9.46M | 11.77M | 14.20M | 44.01M | 40.08M | 35.24M | 39.42M | 32.94M | 10.66M | 17.89M | 12.60M | 9.03M | 7.80M | 14.60M |
| Other Expenses | 0.00 | 120.17M | 123.91M | 136.53M | 139.86M | 110.96M | 49.47M | 869.00K | 90.00K | 164.00K | 25.00K | 123.00K | 27.88M | 9.80M | 8.82M | 48.99M | -1.07M | -49.88M | -4.75M | -2.46M | 547.00K | 481.00K | 1.33M | 2.91M | 1.90M | 1.80M |
| Operating Expenses | 55.66M | 355.58M | 345.87M | 315.94M | 365.71M | 294.85M | 152.99M | 103.70M | 52.20M | 27.50M | 24.93M | 12.34M | 37.34M | 21.57M | 24.90M | 93.00M | 39.01M | -14.64M | 34.68M | 30.48M | 11.20M | 18.37M | 13.93M | 11.94M | 9.70M | 16.40M |
| Cost & Expenses | 655.67M | 972.84M | 929.24M | 723.12M | 922.89M | 793.75M | 489.97M | 388.46M | 170.81M | 57.99M | 43.02M | 13.59M | 37.34M | 21.57M | 24.93M | 93.00M | 47.24M | -4.33M | 34.68M | 30.48M | 11.20M | 18.37M | 13.93M | 11.94M | 9.70M | 16.40M |
| Interest Income | 0.00 | 63.49M | 62.85M | 69.11M | 74.22M | 0.00 | 0.00 | 0.00 | 82.00K | 151.00K | 4.80M | 6.44M | 5.94M | 7.05M | 8.03M | 985.00K | 8.55M | 3.41M | 1.63M | 775.00K | 632.00K | 1.42M | 6.30M | 7.94M | 0.00 | 0.00 |
| Interest Expense | 65.52M | 63.49M | 62.85M | 69.11M | 74.22M | 64.03M | 19.60M | 6.45M | 2.81M | 1.21M | 1.24M | 940.00K | 1.18M | 2.01M | 1.66M | 1.55M | 951.00K | 8.36M | 66.00K | 0.00 | 0.00 | 90.00K | 170.00K | 97.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 88.93M | 101.06M | 108.39M | 124.43M | 116.59M | 94.46M | 40.79M | 27.51M | 10.80M | 3.51M | 2.99M | 1.73M | 11.99M | 11.40M | 10.70M | 7.19M | 4.00M | 2.05M | 469.00K | 598.00K | 547.00K | 481.00K | 1.33M | 2.91M | 1.90M | 1.80M |
| EBITDA | 486.89M | 249.00M | 331.76M | 56.99M | 149.39M | 147.21M | 54.55M | 45.94M | 28.16M | -20.12M | 22.88M | 3.37M | 8.05M | 724.00K | 17.83M | -60.17M | -4.13M | 34.25M | -14.36M | -12.32M | -2.89M | -16.39M | 205.00K | 50.02M | 46.90M | 77.70M |
| EBITDA Ratio | 46.23% | 22.20% | 30.46% | 13.75% | 17.17% | 17.90% | 11.89% | 10.69% | 9.72% | 1.82% | 9.26% | 51.68% | 45.43% | 87.12% | 82.56% | -82.17% | -55.10% | -59.33% | -116.34% | -151.89% | -153.37% | -1,091.21% | 141.69% | 129.36% | 88.67% | 83.10% |
| Operating Income | 399.21M | 147.95M | 227.30M | -28.96M | 46.12M | 50.97M | 15.38M | 13.04M | 18.36M | -23.95M | 13.41M | -7.09M | -10.31M | -40.77M | -999.00K | -68.67M | -18.78M | 34.20M | -16.45M | -12.92M | -6.94M | -16.87M | 20.93M | 47.11M | 45.00M | 75.90M |
| Operating Income Ratio | 37.91% | 13.19% | 20.73% | -4.17% | 4.74% | 5.98% | 3.02% | 3.23% | 10.37% | -43.41% | 34.57% | -64.73% | -28.99% | -165.73% | -3.81% | -282.23% | -66.02% | 114.49% | -90.30% | -73.60% | -162.49% | -1,123.24% | 60.04% | 79.79% | 82.27% | 82.23% |
| Total Other Income/Expenses | -67.25M | -65.08M | -65.09M | -69.11M | -87.54M | -62.24M | -21.22M | -1.06M | -3.81M | -894.00K | 5.24M | 7.79M | 5.20M | 28.09M | 6.12M | -250.00K | 3.77M | -2.07M | 1.56M | 12.07M | 790.00K | 875.00K | -25.78M | -20.58M | 5.90M | 1.10M |
| Income Before Tax | 331.96M | 82.87M | 162.21M | -136.55M | -41.42M | -11.28M | -5.75M | 11.98M | 14.55M | -24.85M | 18.65M | 696.00K | -5.12M | -12.68M | 5.12M | -68.92M | -15.01M | 32.13M | -14.89M | -857.00K | -6.39M | -16.00M | -543.00K | 28.59M | 50.90M | 77.00M |
| Income Before Tax Ratio | 31.52% | 7.39% | 14.79% | -19.67% | -4.26% | -1.32% | -1.13% | 2.97% | 8.22% | -45.03% | 48.08% | 6.36% | -14.38% | -51.55% | 19.54% | -283.26% | -52.76% | 107.57% | -81.71% | -4.88% | -149.70% | -1,064.98% | -1.56% | 48.42% | 93.05% | 83.42% |
| Income Tax Expense | 76.21M | 521.00K | 436.00K | 61.00K | -1.88M | 9.64M | -7.92M | -4.33M | -9.97M | 1.37M | 1.27M | -2.46M | -3.23M | 1.15M | 1.42M | 9.11M | 2.33M | 8.22M | -1.16M | 4.04M | -2.43M | -4.46M | -222.00K | 12.92M | 22.10M | 15.80M |
| Net Income | 255.76M | 82.35M | 161.78M | -136.61M | -39.55M | -20.91M | 2.17M | 16.30M | 24.52M | -24.85M | 18.65M | 3.22M | -1.85M | -13.84M | 3.70M | -86.32M | -15.05M | 20.95M | -11.87M | -4.04M | -3.96M | -11.54M | -321.00K | 15.68M | 28.80M | 61.20M |
| Net Income Ratio | 24.28% | 7.34% | 14.75% | -19.68% | -4.06% | -2.46% | 0.43% | 4.04% | 13.85% | -45.03% | 48.08% | 29.41% | -5.19% | -56.24% | 14.12% | -354.80% | -52.89% | 70.12% | -65.14% | -23.02% | -92.81% | -768.38% | -0.92% | 26.55% | 52.65% | 66.31% |
| EPS | 8.93 | 2.87 | 5.64 | -4.87 | -1.43 | -0.76 | 0.09 | 0.74 | 1.45 | -1.86 | 1.40 | 0.24 | -0.14 | -1.05 | 0.28 | -6.85 | -1.26 | 1.74 | -1.06 | -0.37 | -0.19 | -1.08 | -0.03 | 0.71 | 2.72 | 5.80 |
| EPS Diluted | 8.31 | 2.61 | 5.04 | -4.87 | -1.43 | -0.76 | 0.09 | 0.73 | 1.43 | -1.86 | 1.40 | 0.24 | -0.14 | -1.05 | 0.28 | -6.85 | -1.26 | 1.60 | -1.06 | -0.37 | -0.19 | -1.08 | -0.03 | 0.71 | 2.67 | 5.71 |
| Weighted Avg Shares Out | 28.65M | 28.66M | 28.71M | 28.08M | 27.75M | 27.52M | 23.11M | 22.14M | 16.88M | 13.36M | 13.24M | 13.22M | 13.20M | 13.19M | 13.16M | 12.60M | 11.97M | 11.39M | 11.15M | 11.05M | 21.31M | 10.64M | 10.64M | 10.63M | 10.79M | 10.71M |
| Weighted Avg Shares Out (Dil) | 30.78M | 31.51M | 32.12M | 28.08M | 27.75M | 27.55M | 24.66M | 22.45M | 17.10M | 13.38M | 13.34M | 13.22M | 13.20M | 13.19M | 13.21M | 12.60M | 11.97M | 12.33M | 11.15M | 11.05M | 21.31M | 10.64M | 10.68M | 10.66M | 10.79M | 10.71M |
Golden Entertainment, Inc. (GDEN) Q4 2023 Earnings Call Transcript
Golden Entertainment, Inc. (NASDAQ:GDEN) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET
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Golden Entertainment Reports 2023 Fourth Quarter and Full Year 2023 Results
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LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ:GDEN) (“Golden Entertainment” or the “Company”) announced today that it will release its 2023 fourth quarter and full year financial results after the market closes on Thursday, February 29, 2024, and host a conference call...
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After losing some value lately, a hammer chart pattern has been formed for Golden Entertainment (GDEN), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for...
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LAS VEGAS--(BUSINESS WIRE)--Golden Entertainment, Inc. (NASDAQ: GDEN) (“Golden Entertainment” or the “Company”) announced today that it completed the previously disclosed sale of its distributed gaming operations in Nevada (“Nevada Distributed Gaming Operations”) to an affiliate of J&J Ventures Gaming, LLC...
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