10-Q/A 1 0001.txt AMENDMENT NO. 1 TO FORM 10-Q SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q/A [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2000 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to _____________ Commission file number 033-80655 MOHEGAN TRIBAL GAMING AUTHORITY (Exact name of registrant as specified in its charter) Connecticut 06-1436334 (State or other jurisdiction of (IRS employer incorporation or organization) Identification No.) One Mohegan Sun Boulevard, Uncasville, CT 06382 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (860) 862-8000 Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class On Which Registered NONE ________________________ _____________________ ________________________ _____________________ ________________________ _____________________ Securities registered pursuant to Section 12(g) of the Act: NONE ------------------------ (Title of Class) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes X No ___ ----- Mohegan Tribal Gaming Authority ------------------------------- Statements of Income -------------------- (in thousands) --------------
For the For the Quarter Ended Quarter Ended December 31, 2000 December 31, 1999 ----------------- ----------------- (unaudited) (unaudited) Revenues: Gaming $174,958 $164,925 Food and beverage 10,724 11,317 Retail and other 16,595 15,452 -------------------- -------------------- Gross revenues 202,277 191,694 Less - Promotional allowances (19,187) (18,383) -------------------- -------------------- Net revenues 183,090 173,311 -------------------- -------------------- Cost and expenses: Gaming 78,389 73,209 Food and beverage 6,078 6,008 Retail and other 5,835 5,639 General and administration 41,505 34,417 Pre-opening costs 1,389 907 Management fee - 13,634 Depreciation and amortization 6,579 7,526 -------------------- -------------------- Total costs and expenses 139,775 141,340 -------------------- -------------------- Income from operations 43,315 31,971 -------------------- -------------------- Other income (expense): Relinquishment liability reassessment (Note 7) (8,958) (5,763) Interest and other income 1,164 3,245 Interest expense (5,925) (14,028) Change in fair value of derivative instruments (Note 3) (2,142) - -------------------- -------------------- (15,861) (16,546) -------------------- -------------------- Income from continuing operations 27,454 15,425 Loss from discontinued operations (192) (266) -------------------- -------------------- Net income $ 27,262 $ 15,159 ==================== ====================
The accompanying accountants' review report and notes to financial statements should be read in conjunction with the financial statements 3 Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. MOHEGAN TRIBAL GAMING AUTHORITY ------------------------------- Date: February 12, 2001 By: /s/ Mark F. Brown ----------------- -------------------------------------- Mark F. Brown Chairman, Management Board Date: February 12, 2001 By: /s/ William J. Velardo ----------------- -------------------------------------- William J. Velardo President and General Manager Date: February 12, 2001 By: /s/ Jeffrey E. Hartmann ----------------- -------------------------------------- Jeffrey E. Hartmann, Executive Vice President Finance/Chief Financial Officer (Principal Financial and Accounting Officer)