XML 20 R4.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues:      
Net revenues $ 2,011,483 $ 1,939,011 $ 1,724,086
Operating costs and expenses:      
Selling, general and administrative 441,324 432,276 374,494
Depreciation and amortization 197,405 187,112 132,536
Write-downs and other, net 19,019 6,705 31,976
Costs and Expenses 1,414,056 1,370,320 1,165,398
Operating income 597,427 568,691 558,688
Earnings from joint ventures 2,606 2,447 3,095
Operating income and earnings from joint ventures 600,033 571,138 561,783
Other (expense) income:      
Interest expense, net (201,876) (228,804) (181,023)
Loss on extinguishment/modification of debt (25) (14,402) 0
Total other expense (197,713) (242,932) (181,023)
Income before income tax 402,320 328,206 380,760
Provision for income tax (46,650) (36,914) (42,984)
Net income 355,670 291,292 337,776
Less: net income attributable to noncontrolling interests 167,604 137,241 161,772
Net income attributable to Red Rock Resorts, Inc. $ 188,066 $ 154,051 $ 176,004
Earnings per common share (Note 15):      
Earnings per share of Class A common stock, basic $ 3.19 $ 2.61 $ 3.04
Earnings per share of Class A common stock, diluted $ 3.12 $ 2.53 $ 2.94
Weighted-average common shares outstanding:      
Basic 58,964,000 59,025,000 57,875,000
Diluted 102,595,000 103,666,000 103,217,000
Gain (Loss) on Derivative Instruments, Net, Pretax $ (4,288) $ 274 $ 0
Gain on Native American Development 8,476 0 0
Total Red Rock Resorts, Inc. stockholders’ equity 208,330 215,066  
Noncontrolling interest 123,954 91,767  
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 332,284 306,833 243,887
Share-based compensation 32,632 31,491 20,077
Distributions (136,313) (126,688) (76,687)
Dividends declared (119,856) (119,121) (58,303)
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 0 0 0
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation 23,987 13,840 $ 14,721
Repurchases of Class A common stock $ 79,438 $ 3,922  
Exchanges of noncontrolling interests (shares) 100,000 0 0
Exchanges of noncontrolling interests $ (5,582)    
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests 1,300 $ 0  
Net deferred tax assets resulting from equity transactions 3,583 3,734 $ 3,502
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco 0 0 0
Additional Paid-in Capital [Member]      
Weighted-average common shares outstanding:      
Total Red Rock Resorts, Inc. stockholders’ equity 0 18,635 7,345
Share-based compensation 32,632 31,491 20,077
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture (11) (8) (9)
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation (11,822) (13,840) (14,721)
Repurchases of Class A common stock (35,281) 3,921  
Exchanges of noncontrolling interests (5,367)    
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests (1,258)    
Net deferred tax assets resulting from equity transactions 3,583 3,734 3,502
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco (1,111) (6,166) (1,504)
Retained Earnings [Member]      
Other (expense) income:      
Net income attributable to Red Rock Resorts, Inc. 188,066 154,051 176,004
Weighted-average common shares outstanding:      
Total Red Rock Resorts, Inc. stockholders’ equity 207,738 195,834 160,904
Dividends declared (119,856) (119,121) (58,303)
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation (12,165)    
Repurchases of Class A common stock (44,141)    
Noncontrolling Interest [Member]      
Other (expense) income:      
Less: net income attributable to noncontrolling interests 167,604 137,241 161,772
Weighted-average common shares outstanding:      
Noncontrolling interest 123,954 91,767 75,048
Distributions (136,313) (126,688) (76,687)
Exchanges of noncontrolling interests (215)    
Rebalancing of ownership percentage between the Company and noncontrolling interests in Station Holdco 1,111 $ 6,166 $ 1,504
Stockholders' Equity, Total      
Weighted-average common shares outstanding:      
Recognition of tax receivable agreement liability resulting from exchanges of noncontrolling interests $ (1,258)    
Common Class A [Member]      
Weighted-average common shares outstanding:      
Common Stock, Shares, Outstanding 59,090,847 59,633,380  
Repurchases of Class A common stock (shares)   (75,000)  
Common Class A [Member] | Common Stock [Member]      
Weighted-average common shares outstanding:      
Common Stock, Shares, Outstanding 59,091,000 59,633,000 58,866,000
Total Red Rock Resorts, Inc. stockholders’ equity $ 591 $ 596 $ 589
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture 11 8 9
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation 0   $ 0
Repurchases of Class A common stock $ (16) $ 1  
Issuance of restricted stock awards, net of forfeitures (shares) 1,055,000 860,000 883,000
Stock option exercises (shares) (46,000) (18,000) (30,000)
Repurchases of Class A common stock (shares) (1,551,000)    
Common Class B [Member]      
Weighted-average common shares outstanding:      
Common Stock, Shares, Outstanding 45,885,804 45,985,804  
Common Class B [Member] | Common Stock [Member]      
Weighted-average common shares outstanding:      
Common Stock, Shares, Outstanding 45,886,000 45,986,000 45,986,000
Total Red Rock Resorts, Inc. stockholders’ equity $ 1 $ 1 $ 1
Exchanges of noncontrolling interests (shares) (100,000)    
Casino      
Operating revenues:      
Net revenues $ 1,340,529 1,277,249 1,132,154
Operating costs and expenses:      
Operating costs and expenses 361,663 354,597 293,993
Food and beverage      
Operating revenues:      
Net revenues 362,424 360,388 313,619
Operating costs and expenses:      
Operating costs and expenses 299,634 295,193 244,786
Room      
Operating revenues:      
Net revenues 190,128 200,517 183,103
Operating costs and expenses:      
Operating costs and expenses 63,684 63,768 55,064
Other      
Operating revenues:      
Net revenues 100,770 100,857 95,210
Operating costs and expenses:      
Operating costs and expenses 31,327 30,669 32,549
Management Service      
Operating revenues:      
Net revenues $ 17,632 $ 0 $ 0