Full House Resorts, Inc. Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

9 Months Ended

Sep. 30, 2021

The following tables present the Company’s segment information:


(In thousands)	Three Months Ended September 30, 2021
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	14,578	$	7,906	$	5,288	$	4,734	$	—	$	32,506
Food and beverage		5,156		891		740		305		—		7,092
Hotel		1,248		990		231		—		—		2,469
Other operations, including contracted sports wagering		556		2,799		81		93		1,642		5,171
	$	21,538	$	12,586	$	6,340	$	5,132	$	1,642	$	47,238

Adjusted Segment EBITDA	$	6,485	$	3,816	$	1,543	$	1,537	$	1,645	$	15,026
Other operating costs and expenses:
Depreciation and amortization												(1,819)
Corporate expenses												(1,427)
Project development costs												(318)
Preopening costs												(17)
Loss on disposal of assets, net												(2)
Stock-based compensation												(324)
Operating income												11,119
Other expense:
Interest expense, net												(6,405)
Income before income taxes												4,714
Income tax provision												95
Net income											$	4,619


(In thousands)	Three Months Ended September 30, 2020
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	13,972	$	7,204	$	6,866	$	3,868	$	—	$	31,910
Food and beverage		4,231		711		505		165		—		5,612
Hotel		1,303		1,034		174		—		—		2,511
Other operations, including contracted sports wagering		460		616		88		80		679		1,923
	$	19,966	$	9,565	$	7,633	$	4,113	$	679	$	41,956

Adjusted Segment EBITDA	$	6,495	$	2,082	$	3,116	$	1,032	$	631	$	13,356
Other operating costs and expenses:
Depreciation and amortization												(1,848)
Corporate expenses												(870)
Project development costs												(108)
Stock-based compensation												(121)
Operating income												10,409
Other expenses:
Interest expense, net												(2,391)
Adjustment to fair value of warrants												(403)
												(2,794)
Income before income taxes												7,615
Income tax benefit												(93)
Net income											$	7,708


(In thousands)	Nine Months Ended September 30, 2021
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	47,489	$	22,507	$	16,127	$	13,094	$	—	$	99,217
Food and beverage		15,411		2,577		1,777		868		—		20,633
Hotel		3,687		3,040		463		—		—		7,190
Other operations, including contracted sports wagering		1,546		3,629		259		254		4,160		9,848
	$	68,133	$	31,753	$	18,626	$	14,216	$	4,160	$	136,888

Adjusted Segment EBITDA	$	23,097	$	7,615	$	5,092	$	4,173	$	4,122	$	44,099
Other operating costs and expenses:
Depreciation and amortization												(5,448)
Corporate expenses												(4,803)
Project development costs												(491)
Preopening costs												(17)
Loss on disposal of assets, net												(674)
Stock-based compensation												(647)
Operating income												32,019
Other expenses:
Interest expense, net												(17,531)
Loss on extinguishment of debt												(6,104)
Adjustment to fair value of warrants												(1,347)
												(24,982)
Income before income taxes												7,037
Income tax provision												379
Net income											$	6,658


(In thousands)	Nine Months Ended September 30, 2020
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	29,688	$	14,055	$	12,357	$	7,516	$	—	$	63,616
Food and beverage		10,666		1,956		1,360		614		—		14,596
Hotel		2,833		2,010		361		—		—		5,204
Other operations, including contracted sports wagering		994		998		170		177		1,565		3,904
	$	44,181	$	19,019	$	14,248	$	8,307	$	1,565	$	87,320

Adjusted Segment EBITDA	$	9,526	$	(769)	$	2,448	$	79	$	1,467	$	12,751
Other operating costs and expenses:
Depreciation and amortization												(5,868)
Corporate expenses												(2,899)
Project development costs												(423)
Loss on disposal of assets, net												(439)
Stock-based compensation												(307)
Operating income												2,815
Other (expense) income:
Interest expense, net												(7,329)
Adjustment to fair value of warrants												1,159
												(6,170)
Loss before income taxes												(3,355)
Income tax benefit												(2)
Net loss											$	(3,353)