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Consolidating Condensed Financial Information (Tables)
6 Months Ended
Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Consolidating Financial Statements
In lieu thereof, we include the following:

 
Pinnacle
Entertainment,
Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
Statements of Operations
 
 
 
 
 
 
 
 
 
For the three months ended June 30, 2015
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Gaming
$

 
$
519.3

 
$

 
$

 
$
519.3

Food and beverage

 
31.5

 

 

 
31.5

Lodging

 
13.1

 

 

 
13.1

Retail, entertainment and other

 
18.1

 

 

 
18.1

 

 
582.0

 

 

 
582.0

Expenses:
 
 
 
 
 
 
 
 
 
Gaming

 
282.0

 

 

 
282.0

Food and beverage

 
29.0

 

 

 
29.0

Lodging

 
6.3

 

 

 
6.3

Retail, entertainment and other

 
8.1

 

 

 
8.1

General and administrative
23.5

 
83.5

 
0.1

 

 
107.1

Depreciation and amortization
2.0

 
59.9

 

 

 
61.9

Pre-opening, development and other costs
6.0

 
0.1

 

 

 
6.1

Write-downs, reserves and recoveries, net

 
(8.1
)
 
8.4

 

 
0.3

 
31.5

 
460.8

 
8.5

 

 
500.8

Operating income (loss)
(31.5
)
 
121.2

 
(8.5
)
 

 
81.2

Equity in earnings of subsidiaries
83.2

 

 

 
(83.2
)
 

Interest expense, net
(60.0
)
 

 

 

 
(60.0
)
Income (loss) from continuing operations before inter-company activity and income taxes
(8.3
)
 
121.2

 
(8.5
)
 
(83.2
)
 
21.2

Management fee and inter-company interest
35.5

 
(35.5
)
 

 

 

Income tax expense
(5.4
)
 

 

 

 
(5.4
)
Income (loss) from continuing operations
21.8

 
85.7

 
(8.5
)
 
(83.2
)
 
15.8

Income from discontinued operations, net of income taxes

 
4.7

 

 

 
4.7

Net income (loss)
21.8

 
90.4

 
(8.5
)
 
(83.2
)
 
20.5

Net loss attributable to non-controlling interest

 

 
(1.3
)
 

 
(1.3
)
Net income (loss) attributable to Pinnacle Entertainment, Inc.
$
21.8

 
$
90.4

 
$
(7.2
)
 
$
(83.2
)
 
$
21.8


 
Pinnacle
Entertainment,
Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
For the six months ended June 30, 2015
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Gaming
$

 
$
1,033.7

 
$

 
$

 
$
1,033.7

Food and beverage

 
63.5

 

 

 
63.5

Lodging

 
24.6

 

 

 
24.6

Retail, entertainment and other

 
33.0

 

 

 
33.0

 

 
1,154.8

 

 

 
1,154.8

Expenses:
 
 
 
 
 
 
 
 
 
Gaming

 
546.8

 

 

 
546.8

Food and beverage

 
58.2

 

 

 
58.2

Lodging

 
12.1

 

 

 
12.1

Retail, entertainment and other

 
13.2

 

 

 
13.2

General and administrative
45.7

 
163.6

 
0.1

 

 
209.4

Depreciation and amortization
6.3

 
123.4

 

 

 
129.7

Pre-opening, development and other costs
7.4

 
0.2

 
0.1

 

 
7.7

Write-downs, reserves and recoveries, net
3.0

 
(8.0
)
 
8.4

 

 
3.4

 
62.4

 
909.5

 
8.6

 

 
980.5

Operating income (loss)
(62.4
)
 
245.3

 
(8.6
)
 

 
174.3

Equity in earnings of subsidiaries
171.4

 

 

 
(171.4
)
 

Interest expense, net
(121.1
)
 

 

 

 
(121.1
)
Loss from equity method investment

 

 
(0.1
)
 

 
(0.1
)
Income (loss) from continuing operations before inter-company activity and income taxes
(12.1
)
 
245.3

 
(8.7
)
 
(171.4
)
 
53.1

Management fee and inter-company interest
71.4

 
(71.4
)
 

 

 

Income tax expense
(10.3
)
 

 

 

 
(10.3
)
Income (loss) from continuing operations
49.0

 
173.9

 
(8.7
)
 
(171.4
)
 
42.8

Income from discontinued operations, net of income taxes

 
4.9

 

 

 
4.9

Net income (loss)
49.0

 
178.8

 
(8.7
)
 
(171.4
)
 
47.7

Net loss attributable to non-controlling interest

 

 
(1.3
)
 

 
(1.3
)
Net income (loss) attributable to Pinnacle Entertainment, Inc.
$
49.0

 
$
178.8

 
$
(7.4
)
 
$
(171.4
)
 
$
49.0



 
Pinnacle
Entertainment,
Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
For the three months ended June 30, 2014
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Gaming
$

 
$
493.3

 
$

 
$

 
$
493.3

Food and beverage

 
30.4

 

 

 
30.4

Lodging

 
13.8

 

 

 
13.8

Retail, entertainment and other

 
17.7

 

 

 
17.7

 

 
555.2

 

 

 
555.2

Expenses:
 
 
 
 
 
 
 
 
 
Gaming

 
266.6

 

 

 
266.6

Food and beverage

 
28.2

 

 

 
28.2

Lodging

 
6.5

 

 

 
6.5

Retail, entertainment and other

 
6.7

 

 

 
6.7

General and administrative
28.6

 
83.4

 
0.1

 

 
112.1

Depreciation and amortization
1.8

 
56.9

 

 

 
58.7

Pre-opening, development and other costs
2.1

 
4.7

 
0.2

 

 
7.0

Write-downs, reserves and recoveries, net
3.0

 
(0.4
)
 

 

 
2.6

 
35.5

 
452.6

 
0.3

 

 
488.4

Operating income (loss)
(35.5
)
 
102.6

 
(0.3
)
 

 
66.8

Equity in earnings of subsidiaries
65.1

 

 

 
(65.1
)
 

Interest expense, net
(62.8
)
 
0.8

 

 

 
(62.0
)
Loss on early extinguishment of debt
(8.2
)
 

 

 

 
(8.2
)
Income (loss) from continuing operations before inter-company activity and income taxes
(41.4
)
 
103.4

 
(0.3
)
 
(65.1
)
 
(3.4
)
Management fee and inter-company interest
38.0

 
(38.0
)
 

 

 

Income tax benefit
1.1

 

 

 

 
1.1

Income (loss) from continuing operations
(2.3
)
 
65.4

 
(0.3
)
 
(65.1
)
 
(2.3
)
Income (loss) from discontinued operations, net of income taxes

 

 

 

 

Net income (loss)
$
(2.3
)
 
$
65.4

 
$
(0.3
)
 
$
(65.1
)
 
$
(2.3
)

 
Pinnacle
Entertainment, Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
For the six months ended June 30, 2014
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Gaming
$

 
$
973.4

 
$

 
$

 
$
973.4

Food and beverage

 
58.0

 

 

 
58.0

Lodging

 
24.6

 

 

 
24.6

Retail, entertainment and other

 
32.0

 

 

 
32.0

 

 
1,088.0

 

 

 
1,088.0

Expenses:
 
 
 
 
 
 
 
 
 
Gaming

 
514.6

 

 

 
514.6

Food and beverage

 
52.9

 

 

 
52.9

Lodging

 
11.6

 

 

 
11.6

Retail, entertainment and other

 
11.3

 

 

 
11.3

General and administrative
51.3

 
161.0

 
0.1

 

 
212.4

Depreciation and amortization
3.5

 
113.6

 

 

 
117.1

Pre-opening, development and other costs
2.6

 
7.5

 
0.2

 

 
10.3

Write-downs, reserves and recoveries, net
3.0

 
0.2

 

 

 
3.2

 
60.4

 
872.7

 
0.3

 

 
933.4

Operating income (loss)
(60.4
)
 
215.3

 
(0.3
)
 

 
154.6

Equity in earnings of subsidiaries
141.1

 

 

 
(141.1
)
 

Interest expense, net
(131.2
)
 
2.4

 

 

 
(128.8
)
Loss on early extinguishment of debt
(8.2
)
 

 

 

 
(8.2
)
Income (loss) from continuing operations before inter-company activity and income taxes
(58.7
)
 
217.7

 
(0.3
)
 
(141.1
)
 
17.6

Management fee and inter-company interest
76.6

 
(76.6
)
 

 

 

Income tax expense
(1.1
)
 

 

 

 
(1.1
)
Income (loss) from continuing operations
16.8

 
141.1

 
(0.3
)
 
(141.1
)
 
16.5

Income (loss) from discontinued operations, net of income taxes

 
0.4

 
(0.1
)
 

 
0.3

Net income (loss)
$
16.8

 
$
141.5

 
$
(0.4
)
 
$
(141.1
)
 
$
16.8


 
Pinnacle
Entertainment,
Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
Balance Sheets
 
 
 
 
 
 
 
 
 
As of June 30, 2015
 
 
 
 
 
 
 
 
 
Current assets, excluding discontinued operations
$
45.9

 
$
144.3

 
$
16.2

 
$

 
$
206.4

Property and equipment, net
26.4

 
2,893.4

 
5.2

 

 
2,925.0

Goodwill

 
916.0

 

 

 
916.0

Intangible assets, net

 
516.4

 

 

 
516.4

Other non-current assets
54.2

 
4.2

 
25.2

 

 
83.6

Investment in subsidiaries
4,567.6

 

 

 
(4,567.6
)
 

Assets held for sale and assets of discontinued operations
0.7

 
9.3

 

 

 
10.0

Inter-company

 
534.9

 

 
(534.9
)
 

Total assets
$
4,694.8

 
$
5,018.5

 
$
46.6

 
$
(5,102.5
)
 
$
4,657.4

Current liabilities, excluding discontinued operations
$
91.8

 
$
204.9

 
$

 
$

 
$
296.7

Long-term debt less current portion
3,782.2

 
0.1

 

 

 
3,782.3

Other non-current liabilities
(54.7
)
 
281.0

 

 

 
226.3

Liabilities held for sale and liabilities of discontinued operations

 
0.1

 

 

 
0.1

Inter-company
533.6

 

 
1.3

 
(534.9
)
 

Total liabilities
4,352.9

 
486.1

 
1.3

 
(534.9
)
 
4,305.4

Total Pinnacle stockholders' equity
341.9

 
4,532.4

 
35.2

 
(4,567.6
)
 
341.9

Non-controlling interest

 

 
10.1

 

 
10.1

Total equity
341.9

 
4,532.4

 
45.3

 
(4,567.6
)
 
352.0

Total liabilities and stockholders' equity
$
4,694.8

 
$
5,018.5

 
$
46.6

 
$
(5,102.5
)
 
$
4,657.4

As of December 31, 2014
 
 
 
 
 
 
 
 
 
Current assets, excluding discontinued operations
$
73.4

 
$
184.5

 
$
23.3

 
$
(23.3
)
 
$
257.9

Property and equipment, net
34.3

 
2,977.2

 
5.4

 

 
3,016.9

Goodwill

 
916.0

 
3.3

 

 
919.3

Intangible assets, net

 
524.3

 
5.0

 

 
529.3

Other non-current assets
60.0

 
4.6

 
24.4

 

 
89.0

Investment in subsidiaries
4,470.8

 

 

 
(4,470.8
)
 

Assets held for sale and assets of discontinued operations
3.6

 
17.7

 

 

 
21.3

Inter-company

 
352.0

 

 
(352.0
)
 

Total assets
$
4,642.1

 
$
4,976.3

 
$
61.4

 
$
(4,846.1
)
 
$
4,833.7

Current liabilities, excluding discontinued operations
$
100.8

 
$
273.1

 
$

 
$
(23.3
)
 
$
350.6

Long-term debt less current portion
3,975.5

 
0.1

 

 

 
3,975.6

Other non-current liabilities
(63.0
)
 
280.7

 

 

 
217.7

Liabilities held for sale and liabilities of discontinued operations

 
0.4

 

 

 
0.4

Inter-company
350.8

 

 
1.2

 
(352.0
)
 

Total liabilities
4,364.1

 
554.3

 
1.2

 
(375.3
)
 
4,544.3

Total Pinnacle stockholders' equity
278.0

 
4,422.0

 
48.8

 
(4,470.8
)
 
278.0

Non-controlling interest

 

 
11.4

 

 
11.4

Total equity
278.0

 
4,422.0

 
60.2

 
(4,470.8
)
 
289.4

Total liabilities and stockholders' equity
$
4,642.1

 
$
4,976.3

 
$
61.4

 
$
(4,846.1
)
 
$
4,833.7

 
Pinnacle
Entertainment,
Inc.
 
100% Owned Guarantor
Subsidiaries(a)
 
Non-
Guarantor
Subsidiaries(b)
 
Consolidating
and
Eliminating
Entries
 
Pinnacle
Entertainment,
Inc.
Consolidated
 
(in millions)
Statements of Cash Flows
 
 
 
 
 
 
 
 
 
For the six months ended June 30, 2015
 
 
 
 
 
 
 
 
Cash provided by operating activities
$
161.1

 
$
7.9

 
$
17.0

 
$

 
$
186.0

Capital expenditures
(3.3
)
 
(38.4
)
 

 

 
(41.7
)
Net proceeds from dispositions of discontinued operations and assets held for sale

 
25.1

 

 

 
25.1

Purchase of intangible asset

 
(25.0
)
 

 

 
(25.0
)
Other
25.1

 
(24.8
)
 
(0.9
)
 

 
(0.6
)
Cash provided by (used in) investing activities
21.8

 
(63.1
)
 
(0.9
)
 

 
(42.2
)
Proceeds from credit facility
73.1

 

 

 

 
73.1

Repayments under credit facility
(265.1
)
 

 

 

 
(265.1
)
Other
5.5

 

 

 

 
5.5

Cash used in financing activities
(186.5
)
 

 

 

 
(186.5
)
Change in cash and cash equivalents
(3.6
)
 
(55.2
)
 
16.1

 

 
(42.7
)
Cash and cash equivalents, beginning of period
6.4

 
158.3

 

 

 
164.7

Cash and cash equivalents, end of period
$
2.8

 
$
103.1

 
$
16.1

 
$

 
$
122.0

 
 
 
 
 
 
 
 
 
 
For the six months ended June 30, 2014
 
 
 
 
 
 
 
 
Cash provided by (used in) operating activities
$
(4.8
)
 
$
142.3

 
$
(3.2
)
 
$

 
$
134.3

Capital expenditures
(7.2
)
 
(142.6
)
 

 

 
(149.8
)
Net proceeds from disposition of discontinued operations and assets held for sale

 
252.3

 

 

 
252.3

Purchase of intangible asset

 
(25.0
)
 

 

 
(25.0
)
Escrow refund

 
25.0

 

 

 
25.0

Restricted cash
5.9

 

 

 

 
5.9

Other
253.0

 
(252.6
)
 
0.3

 

 
0.7

Cash provided by (used in) investing activities
251.7

 
(142.9
)
 
0.3

 

 
109.1

Proceeds from credit facility
194.3

 

 

 

 
194.3

Repayments under credit facility
(473.3
)
 

 

 

 
(473.3
)
Other
3.7

 

 

 

 
3.7

Cash used in financing activities
(275.3
)
 

 

 

 
(275.3
)
Change in cash and cash equivalents
(28.4
)
 
(0.6
)
 
(2.9
)
 

 
(31.9
)
Cash and cash equivalents, beginning of period
28.6

 
142.3

 
27.7

 

 
198.6

Cash and cash equivalents, end of period
$
0.2

 
$
141.7

 
$
24.8

 
$

 
$
166.7


_______________________ 
(a)
As of June 30, 2015, the following material subsidiaries are identified as guarantors of our senior and senior subordinated notes: Belterra Resort Indiana, LLC; Boomtown, LLC; Casino Magic, LLC; Louisiana-I Gaming; PNK (Baton Rouge) Partnership; PNK (BOSSIER CITY), Inc.; PNK Development 7, LLC; PNK Development 8, LLC; PNK Development 9, LLC; PNK (LAKE CHARLES), L.L.C.; PNK (Ohio), LLC; PNK (Ohio) II, LLC; PNK (Ohio) III, LLC; PNK (River City), LLC; PNK (SAM), LLC; PNK (SAZ), LLC; Ameristar Casino Black Hawk, Inc.; Ameristar Casino Council Bluffs, Inc.; Ameristar Casino St. Charles, Inc.; Ameristar Casino Kansas City, Inc.; Ameristar Casino Vicksburg, Inc.; Cactus Pete’s, Inc.; Ameristar East Chicago Holdings, LLC; and Ameristar Casino East Chicago, LLC. In addition, certain other immaterial subsidiaries are also guarantors of our senior and senior subordinated notes.

(b)
Guarantor subsidiaries of our senior and senior subordinated notes exclude subsidiaries with approximately $46.6 million in cash and other assets as of June 30, 2015, that include a subsidiary that owns a majority interest in the licensee of Retama Park Racetrack and certain other subsidiaries.