Financial Performance - Net revenues for the year ended December 31, 2022, increased by $45.9 million to $1.66 billion, a growth of 2.8% compared to 2021[249]. - Operating income rose by 39.8% to $561.3 million for 2022, up from $401.5 million in 2021[250]. - For the year ended December 31, 2022, net revenues increased to $1.66 billion, up from $1.62 billion in 2021, representing a year-over-year growth of 2.5%[265]. - Adjusted EBITDA for the year ended December 31, 2022, was $743.9 million, slightly up from $741.0 million in 2021, indicating a stable operating performance[265]. - Interest expense, net, for the year ended December 31, 2022, was $129.9 million, a 25.9% increase from $103.2 million in 2021, primarily due to higher variable interest rates[261]. - Net cash provided by operating activities for the year ended December 31, 2022, was $542.2 million, a decrease of 11.1% from $610.0 million in 2021[284]. Revenue Breakdown - Casino revenues decreased by 1.4% to $1.13 billion in 2022, while food and beverage revenues increased by 15.3% to $283.1 million[247][249]. - Room revenues increased by 14.3% to $164.5 million, with room expenses decreasing by 6.0%[253]. - The average daily rate (ADR) improved by 18.2% to $179.88, and revenue per available room increased by 30.9% to $149.34[253]. Expenses and Costs - SG&A expenses increased by 1.7% to $353.0 million, remaining effectively flat as a percentage of net revenue[256][257]. - Depreciation and amortization expenses decreased to $128.4 million from $157.8 million in 2021, primarily due to the sale of Palms and the closure of certain properties[258]. - The company is experiencing inflationary pressures, particularly in food, supplies, and labor costs, and is implementing cost controls to mitigate these impacts[292]. Capital Expenditures and Investments - Cash paid for capital expenditures in 2022 totaled $328.6 million, significantly higher than $61.3 million in 2021, reflecting investments in the Durango project[285]. - The company plans to allocate approximately $550.0 million to $600.0 million for investment capital expenditures in 2023, including the Durango project[275]. Shareholder Actions - A quarterly cash dividend of $0.25 per share of Class A common stock was declared on February 7, 2023, to be paid on March 31, 2023[278]. - The company repurchased 3.7 million shares of Class A common stock for an aggregate price of $141.5 million during the year ended December 31, 2022[280]. - The company repurchased approximately 3.7 million shares of Class A common stock for $141.5 million during the year ended December 31, 2022, with a remaining repurchase authorization of $312.9 million[280]. Debt and Financing - The company had outstanding letters of credit totaling $29.4 million as of December 31, 2022[291]. - The company expects to fund its capital requirements through a combination of cash generated from operations, borrowings, and issuance of debt or equity, but acknowledges potential impacts from competition and economic conditions[281]. - An assumed 1% increase in variable interest rates would lead to an annual interest cost increase of approximately $18.0 million based on outstanding borrowings at December 31, 2022[277]. - As of December 31, 2022, the company had $1.8 billion in borrowings under credit agreements based on variable rates, primarily LIBOR, with a potential annual interest cost increase of approximately $18.0 million for a 1% rise in rates[277]. Asset Management - The company permanently closed several properties in 2022, which may indicate potential impairment of long-lived assets[301]. - As of December 31, 2022, the carrying amount of property and equipment was approximately $2.2 billion, representing 65.6% of total assets[302]. - Goodwill totaled $195.7 million as of December 31, 2022, with annual impairment testing conducted each October[303]. - Indefinite-lived intangible assets amounted to $76.5 million as of December 31, 2022, and are tested for impairment annually[308]. Tax and Legal Matters - The company recorded uncertain tax positions based on a two-step process, with no significant liabilities for unrecognized tax benefits expected within the next twelve months[315]. - The company is involved in various lawsuits and assesses the potential for losses, accruing liabilities when losses are deemed probable[311].

Red Rock Resorts, Inc. (NASDAQ:RRR) Q4 2022 Earnings Conference Call February 7, 2023 4:30 PM ET Company Participants Stephen Cootey - Executive Vice President, Chief Financial Officer and Treasurer Frank Fertitta - Chairman and Chief Executive Officer Scott Kreeger - President Lorenzo Fertitta - Vice Chairman Conference Call Participants Joe Greff - J.P. Morgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Steve Wieczynski - Stifel Barry Jonas - Truist Securities Stephen Grambling - Morga ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...

Red Rock Resorts, Inc. (NASDAQ:RRR) Q3 2022 Results Conference Call October 27, 2022 8:30 AM ET Company Participants Stephen Cootey - EVP, CFO and Treasurer Frank Fertitta - Chairman and CEO Scott Kreeger - President Lorenzo Fertitta - Vice Chairman Conference Call Participants Joe Greff - JP Morgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Jordan Bender - JMP Securities Steve Wieczynski - Stifel Barry Jonas - Truist Securities Chad Beynon - Macquarie ...

Red Rock Resorts Inc. (NASDAQ:RRR) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Stephen Cootey - Executive VP, CFO and Treasurer Frank Fertitta - Chairman and CEO Lorenzo Fertitta - Vice Chairman of the Board Scott Kreeger - President Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Steve Wieczynski - Stifel Barry Jonas - Truist Dan Politzer - Wells Fargo Chad Beynon - Macquarie Operator Good afternoon, and w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) For the transition period from to ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTI ...

I N V E S T O R P R E S E N T A T I O N | MAY 2022 red rock resorts | D I S C L A I M E R This presentation contains forward-looking statements, that reflect current views of Red Rock, Inc. (the "Company") with respect to, among other things, our operations and financial performance, all of which are subject to known and unknown risks, uncertainties an d other factors that may cause our actual results, performance or achievements, market trends, or industry results to differ material ly from those expressed ...

Red Rock Resorts, Inc. (NASDAQ:RRR) Q1 2022 Results Conference Call May 3, 2022 4:30 PM ET Company Participants Frank Fertitta - Chief Executive Officer Stephen Cootey - Executive Vice President, Chief Financial Officer Conference Call Participants Joseph Greff - JPMorgan Chase Carlo Santarelli - Deutsche Bank Shaun Kelley - BofA Securities Stephen Grambling - Goldman Sachs Group Steven Wieczynski - Stifel, Nicolaus & Company Chad Beynon - Macquarie Research Barry Jonas - Truist Securities Daniel Politzer - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Delaware 47-5081182 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1505 South Pavilion ...