whaler11
Head Happy Hour Coach
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- Aug 27, 2011
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I assume you are talking a bout both resorts combined, because Mohegan's revenues have never been anywhere near $3 Billion. Be that as it may, you are correct in saying it is no conspiracy.
Because you can make the income statement say almost anything you want, the Statement of Cash Flows is a more informative tool. Mohegan still has a very healthy cash flow from operations (over $73 Million), but it is down from 2013 ($102 Million), way down from 2012 ($170 Million), and way, way, way down from 2007 ($250 Million). Of course, there are reasons for this (some tangible, some a little less, as is the case in any set of Financials). But at a glance, yes, Mohegan is comparatively hurting from just 2 years ago.
Yes that is both combined. Sun alone is sitting on 1.7 billion in long term debt.
You can see how bad it is at Mohegan. They had a quarter - but if you look at how they did it.... they just slashed expenses and have 1,300 fewer employees.
That's what you do when you don't have any other ideas.