What does retail and other — cost of goods sold mean?

The direct costs incurred to deliver retail and ancillary services to customers.

How do you interpret retail and other — cost of goods sold?

An increase relative to revenue suggests margin compression or rising operational costs, whereas a decrease relative to revenue indicates improved operational efficiency.

How does retail and other — cost of goods sold compare across companies?

Comparable to cost of sales or direct operating expenses reported by other REITs or hospitality companies that manage their own retail and entertainment operations.

VICI Properties Inc. VICI Retail And Other — Cost of Goods Sold

Discontinued — last reported Q3 '17

Similar metrics at other companies

MGMEntertainment, retail and other — Cost of Sales

$253.42M+8.1%

WYNNEntertainment, retail and other — Cost of goods and services sold

$59.71M-4.0%

SCIProduct and Service, Other — Cost of Revenue

$289.51M+4.3%

RVTYProduct — Cost of Product and Service Sold

$273.32M+9.3%

BROSOccupancy & other costs — Cost of Sales

$76.79M+42.4%

PEA

PEAKReal Estate — Cost of Goods Sold

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Other financials

Income statement

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Revenue$1.0B+3.5%

Gross profit$1.0B+3.5%

Net income$872.4M+60.5%

EPS (diluted)$0.82+60.8%

Balance sheet

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Cash & equivalents$480.2M+43.6%

Total debt$19.2B-1.6%

Total equity$28.2B+5.9%

Total assets$47.1B+3.4%

Cash flow

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Operating cash flow$631.9M+6.8%

CapEx$628.0K+303%

Free cash flow$631.2M+6.7%

Valuation

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Market cap$28.3B-15.3%

Enterprise value$46.99B-10.7%

P/E9.1×-3.6×

P/S7×-1.6×

Profitability

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Gross margin99.3%0.0pp

Operating margin70%—

Net margin76.8%+9.0pp

FCF margin63.1%+0.6pp

Returns & leverage

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Return on equity11.3%+1.2pp

Debt / equity0.7×-0.1×

Where this comes from

Reported directly by VICI Properties Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: VICI Properties Inc.’s 10-Q, filed November 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does retail and other — cost of goods sold mean?: The direct costs incurred to deliver retail and ancillary services to customers.
How do you interpret retail and other — cost of goods sold?: An increase relative to revenue suggests margin compression or rising operational costs, whereas a decrease relative to revenue indicates improved operational efficiency.
How does retail and other — cost of goods sold compare across companies?: Comparable to cost of sales or direct operating expenses reported by other REITs or hospitality companies that manage their own retail and entertainment operations.