XML 33 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Our real property business and our golf course business represent two reportable segments. The real property business segment consists of leased real property and our real estate lending activities and represents the substantial majority of our business. The golf course business segment consists of four golf courses, with each being operating segments that are aggregated into one reportable segment.
The results of each reportable segment presented below are consistent with the way our management assesses these results and allocates resources. The following table presents certain information with respect to our segments:
Three Months Ended March 31, 2021Three Months Ended March 31, 2020
(In thousands)Real Property BusinessGolf Course BusinessVICI ConsolidatedReal Property BusinessGolf Course BusinessVICI Consolidated
Revenues$367,497 $6,813 $374,310 $248,701 $6,300 $255,001 
Interest expense(77,048)— (77,048)(76,093)— (76,093)
Gain upon lease modification— — — (39,059)— (39,059)
Income (loss) before income taxes271,035 1,548 272,583 (22,713)1,102 (21,611)
Income tax benefit (expense)(142)(342)(484)(257)(197)(454)
Net income (loss)270,893 1,206 272,099 (22,970)905 (22,065)
Depreciation32 760 792 24 843 867 
Total assets$16,994,473 $90,528 $17,085,001 $14,818,556 $88,657 $14,907,213 
Total liabilities$7,468,648 $16,661 $7,485,309 $7,166,984 $16,198 $7,183,182