Full House Resorts, Inc. Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING AND DISAGGREGATED REVENUE (Tables)

12 Months Ended

Dec. 31, 2021


(In thousands)	Year Ended December 31, 2021
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	63,318	$	29,762	$	20,342	$	17,009	$	—	$	130,431
Food and beverage		20,296		3,522		2,362		1,167		—		27,347
Hotel		4,930		4,057		637		—		—		9,624
Other operations, including contracted sports wagering		2,084		4,094		319		340		5,920		12,757
	$	90,628	$	41,435	$	23,660	$	18,516	$	5,920	$	180,159

Adjusted Segment EBITDA	$	29,843	$	8,736	$	5,545	$	4,933	$	5,890	$	54,947
Other operating costs and expenses:
Depreciation and amortization												(7,219)
Corporate expenses												(7,733)
Project development costs												(782)
Preopening costs												(17)
Loss on disposal of assets, net												(676)
Stock-based compensation												(966)
Operating income												37,554
Other expenses:
Interest expense, net												(23,657)
Loss on extinguishment of debt, net												(409)
Adjustment to fair value of warrants												(1,347)
												(25,413)
Income before income taxes												12,141
Income tax expense												435
Net income											$	11,706


(In thousands)	Year Ended December 31, 2020
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	42,653	$	20,337	$	17,127	$	10,695	$	—	$	90,812
Food and beverage		14,557		2,681		1,726		802		—		19,766
Hotel		3,899		2,996		515		—		—		7,410
Other operations, including contracted sports wagering		1,404		3,510		246		235		2,206		7,601
	$	62,513	$	29,524	$	19,614	$	11,732	$	2,206	$	125,589

Adjusted Segment EBITDA	$	14,669	$	2,444	$	3,790	$	454	$	2,086	$	23,443
Other operating costs and expenses:
Depreciation and amortization												(7,666)
Corporate expenses												(3,789)
Project development costs												(423)
Loss on disposal of assets, net												(684)
Stock-based compensation												(405)
Operating income												10,476
Other expenses:
Interest expense, net												(9,823)
Adjustment to fair value of warrants												(598)
												(10,421)
Income before income taxes												55
Income tax benefit												(92)
Net income											$	147


(In thousands)	Year Ended December 31, 2019
									Contracted
									Sports
	Mississippi		Indiana		Colorado		Nevada		Wagering		Total
Revenues
Casino	$	44,959	$	29,585	$	22,075	$	16,771	$	—	$	113,390
Food and beverage		21,759		6,980		4,354		1,976		—		35,069
Hotel		4,830		5,932		773		—		—		11,535
Other operations, including contracted sports wagering		1,653		2,992		305		357		131		5,438
	$	73,201	$	45,489	$	27,507	$	19,104	$	131	$	165,432

Adjusted Segment EBITDA	$	13,159	$	1,216	$	3,000	$	3,161	$	114	$	20,650
Other operating costs and expenses:
Depreciation and amortization												(8,331)
Corporate expenses												(4,710)
Project development costs												(1,037)
Loss on disposal of assets, net												(8)
Stock-based compensation												(348)
Operating income												6,216
Other expenses:
Interest expense, net												(10,728)
Adjustment to fair value of warrants												(1,230)
												(11,958)
Loss before income taxes												(5,742)
Income tax expense												80
Net loss											$	(5,822)