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Golden Nugget Online Gaming (Golden Nugget Online Gaming) Net Income : $79.6 Mil (TTM As of Dec. 2021)


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What is Golden Nugget Online Gaming Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Golden Nugget Online Gaming's Net Income for the three months ended in Dec. 2021 was $26.7 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2021 was $79.6 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Golden Nugget Online Gaming's Earnings per Share (Diluted) for the three months ended in Dec. 2021 was $0.34.


Golden Nugget Online Gaming Net Income Historical Data

The historical data trend for Golden Nugget Online Gaming's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Golden Nugget Online Gaming Net Income Chart

Golden Nugget Online Gaming Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Net Income
7.16 11.67 25.20 79.57

Golden Nugget Online Gaming Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.69 75.34 3.26 -25.76 26.72

Golden Nugget Online Gaming Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Golden Nugget Online Gaming's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=53.601+4.276+0+21.693
=79.6

Golden Nugget Online Gaming's Net Income for the quarter that ended in Dec. 2021 is calculated as

Net Income(Q: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=20.353+0.799+0+5.567
=26.7

Net Income for the trailing twelve months (TTM) ended in Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $79.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Golden Nugget Online Gaming  (NAS:GNOG) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Golden Nugget Online Gaming's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2021 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Golden Nugget Online Gaming Net Income Related Terms

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Golden Nugget Online Gaming (Golden Nugget Online Gaming) Business Description

Traded in Other Exchanges
N/A
Address
1510 West Loop South, Houston, TX, USA, 77027
Golden Nugget Online Gaming Inc is an online gaming company that has Live Dealer and Live Casino Floor in the United States online gaming market. It offers to play their favorite casino games and bet on live-action sports events. The company operates real money online gaming within the State of New Jersey and also contracted to manage certain third parties that are also authorized to operate real money online gaming in New Jersey for which the company receive royalties and cost reimbursement.
Executives
Steven L Scheinthal director 1510 W LOOP S, STE 800, HOUSTON TX 77027
Rick Liem director 1510 WEST LOOP SOUTH, HOUSTON TX 77027
Michael S Chadwick director 3100 JP MORGAN CHASE TOWER, HOUSTON TX 77002
G Michael Stevens director 1510 WEST LOOP SOUTH, HOUSTON TX 77027
Jefferies Financial Group Inc. 10 percent owner 520 MADISON AVENUE, NEW YORK NY 10022
Tilman J Fertitta director, 10 percent owner, officer: Chief Executive Officer LANDRYS SEAFOOD RESTAURANTS INC, 1400 POST OAK BLVD STE 1010, HOUSTON TX 77056
Michael J Harwell officer: Chief Financial Officer C/O GOLDEN NUGGET ONLINE GAMING, INC., 1510 WEST LOOP SOUTH, HOUSTON TX 77027
Thomas Winter officer: President 1510 WEST LOOP SOUTH HOUSTON TX 77027
Scott Joseph Kelly director 1510 WEST LOOP SOUTH, HOUSTON TX 77027
Nicholas Daraviras officer: Vice President, Acquisitions 520 MADISON AVENUE, 10TH FLOOR, NEW YORK NY 10022
Fertitta Entertainment, Inc. 10 percent owner 1510 WEST LOOP SOUTH, HOUSTON TX 77027
Richard B Handler director, officer: President C/O JEFFERIES LLC, 520 MADISON AVE., NEW YORK NY 10022

Golden Nugget Online Gaming (Golden Nugget Online Gaming) Headlines

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