v3.25.3

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 107,639	$ 58,760
Receivables, net of provision for credit losses	8,950	10,257
Income taxes receivable		1,523
Inventories	8,479	9,296
Prepaid expenses and other	8,947	10,586
Total current assets	134,015	90,422
Property and equipment, net	564,242	575,287
Goodwill	25,111	25,111
Intangible assets, net	1,727	345
Other long-term assets	289	418
Total assets	725,384	691,583
Current liabilities
Accounts payable	40,583	41,243
Construction accounts payable	47,642	51,101
Accrued expenses	50,945	53,198
Income taxes payable	52
Short-term lease liability	1,015	921
Total current liabilities	140,237	146,463
Deferred income taxes	13,348	13,348
Long-term lease liability	12,542	13,143
Other long-term liability	881	881
Total liabilities	167,008	173,835
Stockholders' equity
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued
Common stock, $.01 par value, 30,000,000 shares authorized; 19,529,846 shares issued and 18,250,291 outstanding at September 30, 2025; 19,364,531 shares issued and 18,436,540 outstanding at December 31, 2024	195	193
Additional paid-in capital	72,925	62,891
Treasury stock, 1,279,555 shares at September 30, 2025 and 927,991 shares at December 31, 2024	(95,006)	(63,686)
Retained earnings	580,262	518,350
Total stockholders' equity	558,376	517,748
Total liabilities and stockholders' equity	$ 725,384	$ 691,583

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

MONARCH CASINO & RESORT INC 10-Q