blue desert casino’s financial performance 2012 ceo: andrew dobson cfo’s: oscar fuerte, tina...
TRANSCRIPT
BLUE
DESERT
CASINO’S
FINANCIAL PERFORMANCE 2012
CEO: Andrew DobsonCFO’s: Oscar Fuerte, Tina Laws, Victoria Magana
PERFORMANCE OVERVIEW
• Company Background
• Financial Highlights
• Financial Statements
• Management Analysis
• Footnotes
Blue Desert Casino’s supplies products and services to people world-wide.
This presentation provides an overview of our financial performance.
Unless marked as Company Confidential, all information has been made public.
The younger crowd mingling at “The Lord Casino
Royale”.
The adults gamblingat the
“The Crown Jewel Casino”.
The kids safeand entertained
at the “Fun Land
Casino”.
COMPANY BACKGROUD
Located in Las Vegas, Nevada
“Guarantees the highest quality entertainment in every level of interaction.”
FINANCIAL HIGHLIGHTS(in millions)
Quarter 1
Quarter 2
Quarter 3
Quarter 4
8,000 13,000 18,000 23,000 28,000 33,000 38,000
Total Cash
Total Cash
Quarter 1 Quarter 2 Quarter 3 Quarter 4 -
6.00
12.00
18.00
24.00
30.00
36.00
EPS
EPS
Quarter 1 Quarter 2 Quarter 3 Quarter 4 -
5,000
10,000
15,000
20,000
25,000
Net Income
Net Income
Account Quarter 1 Quarter 2 Quarter 3 Quarter 4Debit Credit Percentage Debit Credit Percentage Debit Credit Percentage Debit Credit Percentage
Revenues from OperationsRent Revenue 998 3,053 3,221 23,626 Gift Shop Revenue - 2,400 1,800 3,200 Utilities Revenue 56 32 32 466 Gambling Revenue 2,475 3,225 2,636 5,105
Total Revenues from Operations 3,529 100% 8,710 100% 7,689 100% 32,397 100%Expenses from Operations
Rent Expense 936 27% 3,156 36% 2,421 31% 8,897 27%Travel Expense 125 4% 150 2% 360 5% 340 1%Tax Expense 275 8% 550 6% - 0% 75 0%Miscellaneous Expense 65 2% 290 3% 100 1% 250 1%Legal Expense 0% 100 1% - 0% 50 0%Utilities Expense 0% 28 0% 48 1% 56 0%Supplies Expense 200 6% 260 3% 260 3% 260 1%Insurance Expense 180 5% 180 2% 180 2% 180 1%Depreciation Expense - Equip. 120 3% 120 1% 120 2% 120 0%Depreciation Expense - Bldg. 0% 23 0% 106 1% 140 0%Depreciation Expense - Solar 0% 20 0% 20 0% 40 0%Depreciation Expense - Train 0% 20 0% 40 1% 40 0%Bad Debt Expense 0% 120 1% 92 1% 192 1%COGS 0% 1,552 18% 1,320 17% 2,304 7%
Total Expenses from Operations 1,901 54% 6,569 75% 5,067 66% 12,944 40%Other Revenues and Expenses
Interest Revenue 36 1% 44 1% 48 1% 48 0%Gains 80 2% 440 5% 340 4% 0%Interest Expense 184 5% 184 2% 184 2% 184 1%Loss 120 3% 0% 0% 25 0%
Total Other Revenues and Expenses (188) -5% 300 3% 204 3% 136 0%
Total 2,205 3,645 6,753 9,194 5,251 8,077 13,153 32,445 Net Income 1,440 41% 2,441 28% 2,826 37% 19,292 60%
Blue Desert Casino'sIncome Statement (in millions)Year Ended December 31, 2012
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Beginning Balance 0 1,440 3,881 6,107 Net Income 1,440 2,441 2,826 19,292 Less Dividends Paid - 1,440 - 2,441 600 2,226 19,292 Ending Balance 1,440 3,881 6,107 25,399
Blue Desert Casino'sStatement of Retained Earnings (in millions)
Year Ended December 31, 2012Quarter 1 Quarter 2 Quarter 3 Quarter 4
-
5,000
10,000
15,000
20,000
25,000
30,000
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Retained Earnings
RETAINED EARNINGS
AccountDebit Credit Debit Credit Debit Credit Debit Credit
Assets - - - - Current Assets:
Cash 13,948 14,314 22,958 34,865 Accounts Receivable - 2,400 2,920 5,248 Allowance for Doubtful Accounts - 120 132 252 Supplies 600 820 760 660 Inventory - 504 504 300 Prepaid Insurance 900 720 540 360 Prepaid Rent 400 - 600 800
Total Current Assets 15,848 18,638 28,150 41,981 Non-Current Assets:
Equipment 5,600 5,600 5,600 5,600 Accumulated Depreciation - Equip. 120 240 360 480 Investment 3,636 4,280 4,724 4,772 Properties 3,460 4,770 6,310 8,560 Accumulated Depreciation - Bldg. - 23 129 272 Blue Star Express 200 300 300 400 Accumulated Depreciation - Train - 20 60 100 Solar Blue Electric Company 150 250 250 350 Accumulated Depreciation - Solar - 20 40 80 Blue Oasis Water Company 150 150 150 300
Total Non-Current Assets 13,076 15,047 16,745 19,050 Total Assets 28,924 33,685 44,895 61,031
LiabilitiesCurrent Liabilities:
Accounts Payable 5,600 7,336 6,736 7,796 Unearned Rent Revenue 500 900 1,700 1,100 Interest Payable 184 368 552 736 Dividends Payable - 600 -
Total Current Liabilities 6,284 8,604 9,588 9,632 Non-Current Liabilities:
Notes Payable 9,200 9,200 9,200 9,200 Total Non-Current Liabilities 9,200 9,200 9,200 9,200
Total Liabilities 15,484 17,804 18,788 18,832 Stockholder's Equity:
Contributed Capital 12,000 12,000 12,000 12,000 Perferred Stock 4,000 4,000 APIC - Perferred Stock 4,000 4,000 Treasury Stock - 3,200 Retained Earnings 1,440 3,881 6,107 25,399
Total Stockholder's Equity 13,440 15,881 26,107 42,199
Total Liabilities and Stockholder's Equity 28,924 33,685 44,895 61,031
Blue Desert Casino'sBalance Sheet (in millions)
December 31, 2012Quarter 1 Quarter 2 Quarter 3 Quarter 4
FINANCIAL RATIO
ProfitabilityEPS 2.40$ 4.07$ 4.71$ 37.10$ ROE 11% 17% 13% 56%Profit Margin 0% 102% 157% 603%LiquidityCurrent Ratio 2.52 2.17 2.94 4.36 Quick Ratio 2.22 1.94 2.70 4.16 Receivables Turnover 0 1.05 0.71 0.82 Average Age of Receivables 0 86.45 128.11 110.68 Inventory Turnover 0 3.08 2.62 5.73 Average Days Supply in Inventory 0 29.55 34.75 15.88 SolvencyDebt-to-Equity 1.15 1.12 0.72 0.45
Blue Desert Casino'sFinancial Ratios
December 31, 2012Quarter 1 Quarter 2 Quarter 3 Quarter 4
MANAGEMENT ANALYSIS
CEO: Andrew Dobson
AccountDebit Credit Debit Credit Debit Credit Debit Credit
Assets - - - - Current Assets:
Cash 13,948 14,314 22,958 34,865 Accounts Receivable - 2,400 2,920 5,248 Allowance for Doubtful Accounts - 120 132 252 Supplies 600 820 760 660 Inventory - 504 504 300 Prepaid Insurance 900 720 540 360 Prepaid Rent 400 - 600 800
Total Current Assets 15,848 18,638 28,150 41,981 Non-Current Assets:
Equipment 5,600 5,600 5,600 5,600 Accumulated Depreciation - Equip. 120 240 360 480 Investment 3,636 4,280 4,724 4,772 Properties 3,460 4,770 6,310 8,560 Accumulated Depreciation - Bldg. - 23 129 272 Blue Star Express 200 300 300 400 Accumulated Depreciation - Train - 20 60 100 Solar Blue Electric Company 150 250 250 350 Accumulated Depreciation - Solar - 20 40 80 Blue Oasis Water Company 150 150 150 300
Total Non-Current Assets 13,076 15,047 16,745 19,050 Total Assets 28,924 33,685 44,895 61,031
LiabilitiesCurrent Liabilities:
Accounts Payable 5,600 7,336 6,736 7,796 Unearned Rent Revenue 500 900 1,700 1,100 Interest Payable 184 368 552 736 Dividends Payable - 600 -
Total Current Liabilities 6,284 8,604 9,588 9,632 Non-Current Liabilities:
Notes Payable 9,200 9,200 9,200 9,200 Total Non-Current Liabilities 9,200 9,200 9,200 9,200
Total Liabilities 15,484 17,804 18,788 18,832 Stockholder's Equity:
Contributed Capital 12,000 12,000 12,000 12,000 Perferred Stock 4,000 4,000 APIC - Perferred Stock 4,000 4,000 Treasury Stock - 3,200 Retained Earnings 1,440 3,881 6,107 25,399
Total Stockholder's Equity 13,440 15,881 26,107 42,199
Total Liabilities and Stockholder's Equity 28,924 33,685 44,895 61,031
Blue Desert Casino'sBalance Sheet (in millions)
December 31, 2012Quarter 1 Quarter 2 Quarter 3 Quarter 4
FOOTNOTES
• Depreciation
• Bad Debts
• Cost of Goods Sold
• Interest Payable
One FREE hotel night and Two tickets on the Blue Star Express
to BLUE DESERT CASINO’S
For complete details go to www.bluedesertcasinos.com