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Dec 31, 2021
Golden Entertainment Q4 2021 Earnings Report
Reported fourth quarter revenue of $282.0 million and net income of $19.1 million.
Key Takeaways
Golden Entertainment reported strong fourth quarter results, concluding a record year with total annual revenue exceeding $1 billion for the first time. The company's diverse operations drove improved performance, with Adjusted EBITDA growing significantly compared to 2019. Focus for 2022 is on maximizing operating performance and cash flow to refinance debt and return capital to shareholders.
Fourth quarter revenue reached $282.0 million, with a net income of $19.1 million and Adjusted EBITDA of $67.8 million.
Annual revenue hit a record $1.1 billion, alongside a record net income of $161.8 million and a record Adjusted EBITDA of $291.7 million.
Financial performance for all operating segments in both the quarter and the full year surpassed the prior year's results.
The company repaid $25.0 million of term loan borrowings and repurchased $10.6 million of common stock during the quarter.
Revenue by Geographic Location
Forward Guidance
The company is focused on maximizing operating performance and cash flow which will position the Company to refinance its existing indebtedness and accelerate returning capital to shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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