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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 66,157 $ 266,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 316,414 268,822
Amortization of debt discounts, premiums and issuance costs 9,373 9,634
Loss on retirement of long-term debt 0 1,019
Provision for doubtful accounts 8,378 9,141
Stock-based compensation 32,136 16,110
Property transactions, net 8,776 5,898
Income from unconsolidated affiliates (20,584) (19,435)
Distributions from unconsolidated affiliates 0 4,550
Deferred income taxes 67,827 (89,746)
Change in operating assets and liabilities:    
Accounts receivable 48,961 27,388
Inventories 423 (5,114)
Income taxes receivable and payable, net 9,897 900
Prepaid expenses and other (40,450) (24,990)
Accounts payable and accrued liabilities (97,269) 113,717
Other (10,257) (6,531)
Net cash provided by operating activities 399,782 577,664
Cash flows from investing activities    
Capital expenditures, net of construction payable (183,252) (418,624)
Dispositions of property and equipment 341 225
Investments in unconsolidated affiliates (9,558) (2,503)
Distributions from unconsolidated affiliates 31,850 0
Other (30,511) (11,475)
Net cash used in investing activities (726,811) (432,377)
Cash flows from financing activities    
Net borrowings (repayments) under bank credit facilities – maturities of 90 days or less (289,767) 380,035
Issuance of long-term debt 750,000 0
Retirement of senior notes and senior debentures (850,000) (2,265)
Debt issuance costs (10,111) (4,544)
Issuance of MGM Growth Properties common stock in public offering 571,838 0
MGM Growth Properties Class A share issuance costs (23,447) 0
Dividends paid to common shareholders (69,799) (67,999)
Distributions to noncontrolling interest owners (46,539) (47,380)
Purchases of common stock 0 (362,400)
Other (7,324) (12,497)
Net cash provided by (used in) financing activities 24,851 (117,050)
Effect of exchange rate on cash (1,180) (2,830)
Cash and cash equivalents    
Net increase (decrease) for the period (303,358) 25,407
Balance, beginning of period 1,526,762 1,499,995
Balance, end of period 1,223,404 1,525,402
Supplemental cash flow disclosures    
Interest paid, net of amounts capitalized 209,347 168,404
Federal, state and foreign income taxes paid (received), net of refunds (6,429) 2,935
Empire City [Member]    
Cash flows from investing activities    
Acquisition, net of cash acquired $ (535,681) $ 0