2007 Annual Report - Ameristar Casinos, Inc.

Item 6. Selected Financial DataThe following data have been derived from our audited consolidated financial statements and should be read inconjunction with those statements, certain of which are included in this Report.AMERISTAR CASINOS, INC.CONSOLIDATED SELECTED FINANCIAL DATAFor the years ended December 31,STATEMENT OF INCOME DATA (1): 2007 2006 2005 2004 2003(Amounts in Thousands, Except Per Share Data)REVENUES:Casino ..................................................... $ 1,083,380 $ 1,008,311 $ 974,178 $ 856,901 $ 760,376Food and beverage.................................. 136,471 131,795 125,918 114,010 103,176Rooms..................................................... 30,844 27,972 25,355 26,082 25,136Other ....................................................... 30,387 29,082 26,041 23,166 21,5571,281,082 1,197,160 1,151,492 1,020,159 910,245Less: Promotional allowances................. (200,559) (196,862) (190,134) (165,461) (128,278)Net revenues ........................................... 1,080,523 1,000,298 961,358 854,698 781,967OPERATING EXPENSES:Casino ..................................................... 478,504 439,101 431,101 379,909 349,845Food and beverage.................................. 70,439 68,744 66,299 63,758 59,747Rooms..................................................... 9,341 6,780 6,454 6,565 6,343Other ....................................................... 19,157 18,749 16,503 13,687 12,522Selling, general and administrative (2) 229,801 200,588 186,050 157,907 149,292Depreciation and amortization................ 94,810 93,889 85,366 73,236 63,599Impairment loss on assets ....................... 4,758 931 869 174 687Total operating expenses .................... 906,810 828,782 792,642 695,236 642,035INCOME FROM OPERATIONS .............. 173,713 171,516 168,716 159,462 139,932OTHER INCOME (EXPENSE):Interest income........................................ 2,113 2,746 830 245 330Interest expense, net................................ (57,742) (50,291) (60,913) (57,003) (64,261)Loss on early retirement of debt ............. — (26,264) (2,074) (923) (701)Net (loss) gain on disposition of assets... (1,408) 683 (1,576) (904) 288Other ....................................................... (178) — (79) — —Income before income tax provision .......... 116,498 98,390 104,904 100,877 75,588Income tax provision .................................. 47,065 38,825 38,619 38,898 27,968NET INCOME............................................ $ 69,433 $ 59,565 $ 66,285 $ 61,979 $ 47,62038