Investments in and Advances to Unconsolidated Affiliates

6 Months Ended

Jun. 30, 2019

Equity Method Investments And Joint Ventures [Abstract]

Investments in and Advances to Unconsolidated Affiliates

NOTE 4 — INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES

Investments in and advances to unconsolidated affiliates consisted of the following:

	June 30,		December 31,
	2019		2018
	(In thousands)
CityCenter Holdings, LLC – CityCenter (50%)	$	528,634	$	589,965
Las Vegas Arena Company, LLC (42.5%)		74,032		73,540
Other		144,067		69,362
	$	746,733	$	732,867

The Company recorded its share of net income from unconsolidated affiliates, including adjustments for basis differences, as follows:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
	(In thousands)
Income from unconsolidated affiliates	$	27,004		$	47,940		$	65,753		$	79,706
Preopening and start-up expenses		—			—			—			(3,321	)
Non-operating items from unconsolidated affiliates		(21,477	)		(11,068	)		(39,642	)		(20,078	)
	$	5,527		$	36,872		$	26,111		$	56,307

CityCenter distributions. In March 2019, CityCenter paid a $64 million dividend, of which the Company received its 50% share, or approximately $32 million. In April 2019, CityCenter paid a $116 million dividend, of which the Company received its 50% share, or approximately $58 million. In May 2018, CityCenter paid a $400 million dividend, of which the Company received its 50% share, or $200 million.