Condensed Consolidating Financial Information

12 Months Ended

Dec. 31, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Financial Information

NOTE 19 —CONDENSED CONSOLIDATING FINANCIAL INFORMATION

As of December 31, 2019, all of the Company’s principal debt arrangements are guaranteed by each of its material domestic subsidiaries, other than MGP and the Operating Partnership, MGM Grand Detroit, MGM National Harbor, MGM Springfield, and each of their respective subsidiaries. The Company’s international subsidiaries, including MGM China and its subsidiaries, are not guarantors of such indebtedness. Separate condensed financial statement information for the subsidiary guarantors and non-guarantors as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018 and 2017, are presented below. Within the Condensed Consolidating Statements of Cash Flows, the Company has presented net changes in intercompany accounts as investing activities if the applicable entities have a net asset in intercompany accounts and as a financing activity if the applicable entities have a net intercompany liability balance.

Certain of the Company’s subsidiaries collectively own Operating Partnership units and each subsidiary accounts for its respective investment under the equity method within the condensed consolidating financial information presented below. Prior to the adoption of ASC 842 on January 1, 2019, for these subsidiaries, such investment constituted continuing involvement, and accordingly, the sale and leaseback of the real estate assets under the MGP master lease did not qualify for sale-leaseback accounting. The real estate assets were reflected in the balance sheets of the applicable MGM subsidiaries. In addition, such subsidiaries recognized finance liabilities within “Other long-term obligations” related to rent payments due under the MGP master lease and recognized the related interest expense component of such payments. These real estate assets were also reflected on the balance sheet of the MGP subsidiary that received such assets. The condensed consolidating financial information presented below therefore included the accounting for such activity within the respective columns presented and in the elimination column. In connection with the adoption of ASC 842, the sale and leaseback of the real estate assets under the MGP master lease now qualify as a passed sale and are determined to be operating leases. As such, the real estate assets, finance liabilities, and related interest expense component of rent payments are no longer reflected in the results of the applicable MGM subsidiaries. Instead, the real estate assets are now only reflected on the balance sheet of the MGP subsidiary that received such assets and the MGM subsidiaries have recorded operating lease liabilities and operating ROU assets with the related rent expense reflected within “general and administrative” expense within the condensed consolidating financial information.

CONDENSED CONSOLIDATING BALANCE SHEET INFORMATION

	December 31, 2019
					Non-Guarantor Subsidiaries
	Parent		Guarantor Subsidiaries		MGP		Other		Elimination			Consolidated
	(In thousands)
Current assets	$	1,847,328	$	1,166,667	$	216,232	$	790,285	$	(12,819	)	$	4,007,693
Property and equipment, net		—		2,972,291		10,827,972		4,497,664		(11,972	)		18,285,955
Investments in subsidiaries		26,283,270		3,500,241		—		—		(29,783,511	)		—
Investments in the MGP Operating Partnership		—		3,713,065		—		783,049		(4,496,114	)		—
Investments in and advances to unconsolidated affiliates		—		782,820		—		14,546		25,000			822,366
Intercompany accounts		—		12,994,459		—		—		(12,994,459	)		—
Other non-current assets		59,968		14,142,246		866,068		7,057,191		(11,365,131	)		10,760,342
	$	28,190,566	$	39,271,789	$	11,910,272	$	13,142,735	$	(58,639,006	)	$	33,876,356
Current liabilities	$	842,161	$	1,601,959	$	197,581	$	845,471	$	(295,749	)	$	3,191,423
Intercompany accounts		12,956,091		—		774		37,594		(12,994,459	)		—
Deferred income taxes, net		1,865,535		—		29,909		240,971		(29,909	)		2,106,506
Long-term debt, net		4,713,521		569		4,307,354		2,147,460		—			11,168,904
Other non-current liabilities		85,993		13,151,072		476,642		2,339,166		(11,411,315	)		4,641,558
Total liabilities		20,463,301		14,753,600		5,012,260		5,610,662		(24,731,432	)		21,108,391
Redeemable noncontrolling interests		—		—		—		105,046		—			105,046
MGM Resorts International stockholders' equity		7,727,265		24,513,386		4,383,113		5,011,075		(33,907,574	)		7,727,265
Noncontrolling interests		—		4,803		2,514,899		2,415,952		—			4,935,654
Total stockholders' equity		7,727,265		24,518,189		6,898,012		7,427,027		(33,907,574	)		12,662,919
	$	28,190,566	$	39,271,789	$	11,910,272	$	13,142,735	$	(58,639,006	)	$	33,876,356

	December 31, 2018
					Non-Guarantor Subsidiaries
	Parent		Guarantor Subsidiaries		MGP		Other		Elimination			Consolidated
	(In thousands)
Current assets	$	304,741	$	1,244,864	$	12,054	$	972,820	$	(7,701	)	$	2,526,778
Property and equipment, net		—		13,585,370		10,506,129		6,392,014		(9,753,625	)		20,729,888
Investments in subsidiaries		22,419,282		3,401,031		—		—		(25,820,313	)		—
Investments in the MGP Operating Partnership		—		3,434,602		—		831,494		(4,266,096	)		—
Investments in and advances to unconsolidated affiliates		—		678,748		—		29,119		25,000			732,867
Intercompany accounts		—		7,135,183		—		—		(7,135,183	)		—
Other non-current assets		67,214		1,186,666		77,436		4,932,872		(43,015	)		6,221,173
Assets held for sale		—		—		355,688		—		(355,688	)		—
	$	22,791,237	$	30,666,464	$	10,951,307	$	13,158,319	$	(47,356,621	)	$	30,210,706
Current liabilities	$	154,484	$	1,646,481	$	160,441	$	1,224,752	$	(237,276	)	$	2,948,882
Intercompany accounts		6,932,325		—		227		202,631		(7,135,183	)		—
Deferred income taxes, net		1,097,654		—		33,634		240,970		(29,720	)		1,342,538
Long-term debt, net		8,055,472		570		4,666,949		2,365,014		—			15,088,005
Other non-current liabilities		39,019		7,210,948		215,613		2,247,584		(9,453,924	)		259,240
Liabilities related to assets held for sale		—		—		28,937		—		(28,937	)		—
Total liabilities		16,278,954		8,857,999		5,105,801		6,280,951		(16,885,040	)		19,638,665
Redeemable noncontrolling interests		—		—		—		102,250		—			102,250
MGM Resorts International stockholders' equity		6,512,283		21,808,465		4,279,535		4,383,581		(30,471,581	)		6,512,283
Noncontrolling interests		—		—		1,565,971		2,391,537		—			3,957,508
Total stockholders' equity		6,512,283		21,808,465		5,845,506		6,775,118		(30,471,581	)		10,469,791
	$	22,791,237	$	30,666,464	$	10,951,307	$	13,158,319	$	(47,356,621	)	$	30,210,706

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME INFORMATION

	Year Ended December 31, 2019
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Net revenues	$	—		$	8,250,745		$	881,078		$	4,648,935		$	(881,086	)	$	12,899,672
Equity in subsidiaries' earnings		3,468,056			143,416			—			—			(3,611,472	)		—
Expenses
Casino and hotel operations		9,834			4,715,365			—			2,889,321			(11,031	)		7,603,489
General and administrative		27,752			2,235,321			23,321			755,378			(940,555	)		2,101,217
Corporate expense		180,288			236,175			27,041			21,138			—			464,642
Preopening and start-up expenses		—			5,168			—			2,007			—			7,175
Property transactions, net		7,530			255,081			10,844			2,347			—			275,802
Gain on Bellagio transaction		—			(2,677,996	)		—			—			—			(2,677,996	)
Depreciation and amortization		—			431,222			294,705			578,722			—			1,304,649
		225,404			5,200,336			355,911			4,248,913			(951,586	)		9,078,978
Income (loss) from unconsolidated affiliates		—			134,584			—			(15,063	)		—			119,521
Operating income		3,242,652			3,328,409			525,167			384,959			(3,540,972	)		3,940,215
Interest expense, net of amounts capitalized		(472,066	)		(1,103	)		(249,944	)		(124,819	)		—			(847,932	)
Other non-operating, net		(97,903	)		254,509			(8,276	)		(11,304	)		(382,584	)		(245,558	)
Income from continuing operations before income taxes		2,672,683			3,581,815			266,947			248,836			(3,923,556	)		2,846,725
Provision for income taxes		(623,537	)		(8	)		(7,598	)		(1,202	)		—			(632,345	)
Income from continuing operations, net of tax		2,049,146			3,581,807			259,349			247,634			(3,923,556	)		2,214,380
Income from discontinued operations, net of tax		—			—			16,216			—			(16,216	)		—
Net income		2,049,146			3,581,807			275,565			247,634			(3,939,772	)		2,214,380
Less: Net income attributable to noncontrolling interests		—			(8,995	)		(90,260	)		(65,979	)		—			(165,234	)
Net income attributable to MGM Resorts International	$	2,049,146		$	3,572,812		$	185,305		$	181,655		$	(3,939,772	)	$	2,049,146
Net income	$	2,049,146		$	3,581,807		$	275,565		$	247,634		$	(3,939,772	)	$	2,214,380
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment		16,125			16,125			—			28,870			(32,250	)		28,870
Other comprehensive loss related to cash flow hedges		(19,973	)		—			(35,198	)		—			25,666			(29,505	)
Other comprehensive income (loss)		(3,848	)		16,125			(35,198	)		28,870			(6,584	)		(635	)
Comprehensive income		2,045,298			3,597,932			240,367			276,504			(3,946,356	)		2,213,745
Less: Comprehensive income attributable to noncontrolling interests		—			—			(80,728	)		(87,719	)		—			(168,447	)
Comprehensive income attributable to MGM Resorts International	$	2,045,298		$	3,597,932		$	159,639		$	188,785		$	(3,946,356	)	$	2,045,298

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS INFORMATION

	Year Ended December 31, 2019
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	(308,995	)	$	1,404,869		$	100,706		$	629,412		$	(15,591	)	$	1,810,401
Cash flows from investing activities
Capital expenditures, net of construction payable		—			(504,105	)		—			(234,913	)		12			(739,006	)
Dispositions of property and equipment		—			2,425			—			153			—			2,578
Proceeds from Bellagio transaction		—			4,151,499			—			—			—			4,151,499
Proceeds from sale of Circus Circus Las Vegas and adjacent land		—			652,333			—			—			—			652,333
Acquisition of Empire City Casino, net of cash acquired		—			(535,681	)		—			—			—			(535,681	)
Investments in and advances to unconsolidated affiliates		—			(81,877	)		—			—			—			(81,877	)
Distributions from unconsolidated affiliates		—			100,700			—			—			—			100,700
Intercompany accounts		—			(5,859,196	)		—			—			5,859,196			—
Northfield OpCo transaction		—			(3,779	)		3,779			—			—			—
Other		—			(4,500	)		—			(26,612	)		—			(31,112	)
Net cash provided by (used in) investing activities		—			(2,082,181	)		3,779			(261,372	)		5,859,208			3,519,434
Cash flows from financing activities
Net borrowings (repayments) under bank credit facilities - maturities of 90 days or less		(752,220	)		245,950			(1,361,325	)		(1,766,454	)		—			(3,634,049	)
Issuance of long-term debt		1,000,000			—			750,000			1,500,000			—			3,250,000
Retirement of senior notes and senior debentures		(3,764,167	)		—			—			—			—			(3,764,167	)
Debt issuance costs		(14,080	)		—			(9,983	)		(39,328	)		—			(63,391	)
Issuance of MGM Growth Properties Class A shares, net		—			—			1,250,006			—			—			1,250,006
Dividends paid to common shareholders		(271,288	)		—			—			—			—			(271,288	)
MGP dividends paid to consolidated subsidiaries		—			—			(371,759	)		—			371,759			—
Distributions to noncontrolling interest owners		—			(4,907	)		(161,976	)		(56,420	)		—			(223,303	)
Purchases of common stock		(1,031,534	)		—			—			—			—			(1,031,534	)
Intercompany accounts		5,987,076			456,571			—			(212,692	)		(6,230,955	)		—
Other		(27,217	)		(47,686	)		(1,342	)		(3,523	)		37,900			(41,868	)
Net cash provided by (used in) financing activities		1,126,570			649,928			93,621			(578,417	)		(5,821,296	)		(4,529,594	)
Effect of exchange rate on cash		—			—			—			2,601			—			2,601

Cash flows from discontinued operations, net
Cash flows from operating activities		—			—			15,591			—			(15,591	)		—
Cash flows used in investing activities		—			—			(12	)		—			12			—
Cash flows used in financing activities		—			—			(37,900	)		—			37,900			—
Net cash flows used in discontinued operations		—			—			(22,321	)		—			22,321			—

Change in cash and cash equivalents classified as assets held for sale		—			—			(22,321	)		—			22,321			—

Cash and cash equivalents
Net increase (decrease) for the period		817,575			(27,384	)		198,106			(207,776	)		22,321			802,842
Balance, beginning of period		259,738			445,423			3,995			817,606			—			1,526,762
Balance, end of period	$	1,077,313		$	418,039		$	202,101		$	609,830		$	22,321		$	2,329,604

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME INFORMATION

	Year Ended December 31, 2018
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Net revenues	$	—		$	7,780,253		$	869,495		$	3,983,575		$	(870,227	)	$	11,763,096
Equity in subsidiaries' earnings		1,221,538			116,676			—			—			(1,338,214	)		—
Expenses
Casino and hotel operations		11,130			4,438,687			—			2,491,007			(21,949	)		6,918,875
General and administrative		9,945			1,241,329			93,739			495,015			(75,390	)		1,764,638
Corporate expense		156,503			216,318			48,675			21,317			(23,609	)		419,204
Preopening and start-up expenses		—			26,100			—			125,292			—			151,392
Property transactions, net		—			(15,955	)		20,319			25,033			(20,250	)		9,147
Depreciation and amortization		—			628,961			266,622			543,606			(261,145	)		1,178,044
		177,578			6,535,440			429,355			3,701,270			(402,343	)		10,441,300
Income (loss) from unconsolidated affiliates		—			148,866			—			(1,176	)		—			147,690
Operating income		1,043,960			1,510,355			440,140			281,129			(1,806,098	)		1,469,486
Interest expense, net of amounts capitalized		(480,985	)		(510	)		(215,532	)		(72,486	)		—			(769,513	)
Other non-operating, net		63,722			(444,897	)		(4,690	)		(187,786	)		507,684			(65,967	)
Income before income taxes		626,697			1,064,948			219,918			20,857			(1,298,414	)		634,006
Benefit (provision) for income taxes		(159,925	)		—			(5,779	)		115,592			—			(50,112	)
Income from continuing operations, net of tax		466,772			1,064,948			214,139			136,449			(1,298,414	)		583,894
Income from discontinued operations, net of tax		—			—			30,563			—			(30,563	)		—
Net income		466,772			1,064,948			244,702			136,449			(1,328,977	)		583,894
Less: Net income attributable to noncontrolling interests		—			—			(67,065	)		(50,057	)		—			(117,122	)
Net income attributable to MGM Resorts International	$	466,772		$	1,064,948		$	177,637		$	86,392		$	(1,328,977	)	$	466,772
Net income	$	466,772		$	1,064,948		$	244,702		$	136,449		$	(1,328,977	)	$	583,894
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment		(7,422	)		(7,422	)		—			(13,022	)		14,844			(13,022	)
Other comprehensive income related to cash flow hedges		2,476			—			4,128			—			(3,028	)		3,576
Other comprehensive income (loss)		(4,946	)		(7,422	)		4,128			(13,022	)		11,816			(9,446	)
Comprehensive income		461,826			1,057,526			248,830			123,427			(1,317,161	)		574,448
Less: Comprehensive income attributable to noncontrolling interests		—			—			(68,165	)		(44,457	)		—			(112,622	)
Comprehensive income attributable to MGM Resorts International	$	461,826		$	1,057,526		$	180,665		$	78,970		$	(1,317,161	)	$	461,826

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS INFORMATION

	Year Ended December 31, 2018
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	(460,117	)	$	1,294,989		$	556,801		$	330,866		$	—		$	1,722,539
Cash flows from investing activities
Capital expenditures, net of construction payable		—			(697,462	)		(192	)		(789,189	)		—			(1,486,843	)
Dispositions of property and equipment		—			25,507			—			105			—			25,612
Proceeds from sale of business units and investment in unconsolidated affiliate		—			163,616			—			—			—			163,616
Acquisition of Northfield, net of cash acquired		—			33,802			(1,068,336	)		—			—			(1,034,534	)
Investments in and advances to unconsolidated affiliates		—			(56,295	)		—			—			—			(56,295	)
Distributions from unconsolidated affiliates		—			322,631			—			—			—			322,631
Intercompany accounts		—			(1,136,764	)		—			—			1,136,764			—
Other		—			(13,416	)		—			(3,792	)		—			(17,208	)
Net cash used in investing activities		—			(1,358,381	)		(1,068,528	)		(792,876	)		1,136,764			(2,083,021	)
Cash flows from financing activities
Net borrowings under bank credit facilities - maturities of 90 days or less		377,500			—			727,750			137,009			—			1,242,259
Issuance of long-term debt		1,000,000			—			—			—			—			1,000,000
Retirement of senior notes and senior debentures		—			(2,265	)		—			—			—			(2,265	)
Debt issuance costs		(26,125	)		—			(17,490	)		(32,904	)		—			(76,519	)
Dividends paid to common shareholders		(260,592	)		—			—			—			—			(260,592	)
MGP dividends paid to consolidated subsidiaries		—			—			(333,192	)		—			333,192			—
Distributions to noncontrolling interest owners		—			—			(121,068	)		(63,864	)		—			(184,932	)
Purchases of common stock		(1,283,333	)		—			—			—			—			(1,283,333	)
Intercompany accounts		917,760			207,015			—			345,181			(1,469,956	)		—
Other		(32,225	)		(6,979	)		—			(6,180	)		—			(45,384	)
Net cash provided by financing activities		692,985			197,771			256,000			379,242			(1,136,764	)		389,234
Effect of exchange rate on cash		—			—			—			(1,985	)		—			(1,985	)

Cash flows from discontinued operations, net
Cash flows from operating activities		—			—			23,406			—			(23,406	)		—
Cash flows from investing activities		—			—			32,416			—			(32,416	)		—
Cash flows from financing activities		—			—			—			—			—			—
Net cash flows from discontinued operations		—			—			55,822			—			(55,822	)		—

Change in cash and cash equivalents classified as assets held for sale		—			—			55,822			—			(55,822	)		—

Cash and cash equivalents
Net increase (decrease) for the period		232,868			134,379			(255,727	)		(84,753	)		—			26,767
Balance, beginning of period		26,870			311,044			259,722			902,359			—			1,499,995
Balance, end of period	$	259,738		$	445,423		$	3,995		$	817,606		$	—		$	1,526,762

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME INFORMATION

	Year Ended December 31, 2017
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Net revenues	$	—		$	7,649,990		$	765,695		$	3,151,304		$	(769,510	)	$	10,797,479
Equity in subsidiaries' earnings		1,391,725			156,081			—			—			(1,547,806	)		—
Expenses
Casino and hotel operations		10,784			4,262,212			—			1,923,942			(3,816	)		6,193,122
General and administrative		8,742			1,180,989			84,348			369,844			(84,348	)		1,559,575
Corporate expense		127,092			200,801			34,085			(515	)		(4,591	)		356,872
NV Energy exit expense		—			(40,629	)		—			—			—			(40,629	)
Preopening and start-up expenses		—			8,258			—			110,217			—			118,475
Property transactions, net		—			43,985			34,022			6,294			(34,022	)		50,279
Depreciation and amortization		—			649,676			260,455			343,804			(260,455	)		993,480
		146,618			6,305,292			412,910			2,753,586			(387,232	)		9,231,174
Income (loss) from unconsolidated affiliates		—			147,234			—			(1,012	)		—			146,222
Operating income		1,245,107			1,648,013			352,785			396,706			(1,930,084	)		1,712,527
Interest expense, net of amounts capitalized		(466,907	)		(982	)		(184,175	)		(16,681	)		—			(668,745	)
Other non-operating, net		26,215			(402,602	)		2,286			(142,997	)		434,106			(82,992	)
Income before income taxes		804,415			1,244,429			170,896			237,028			(1,495,978	)		960,790
Benefit (provision) for income taxes		1,147,637			—			(4,906	)		(15,337	)		—			1,127,394
Net income		1,952,052			1,244,429			165,990			221,691			(1,495,978	)		2,088,184
Less: Net income attributable to noncontrolling interests		—			—			(41,775	)		(94,357	)		—			(136,132	)
Net income attributable to MGM Resorts International	$	1,952,052		$	1,244,429		$	124,215		$	127,334		$	(1,495,978	)	$	1,952,052
Net income	$	1,952,052		$	1,244,429		$	165,990		$	221,691		$	(1,495,978	)	$	2,088,184
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment		(23,995	)		(23,995	)		—			(43,188	)		47,990			(43,188	)
Other comprehensive income related to cash flow hedges		5,234			—			9,782			—			(7,021	)		7,995
Other comprehensive income (loss)		(18,761	)		(23,995	)		9,782			(43,188	)		40,969			(35,193	)
Comprehensive income		1,933,291			1,220,434			175,772			178,503			(1,455,009	)		2,052,991
Less: Comprehensive income attributable to noncontrolling interests		—			—			(44,536	)		(75,164	)		—			(119,700	)
Comprehensive income attributable to MGM Resorts International	$	1,933,291		$	1,220,434		$	131,236		$	103,339		$	(1,455,009	)	$	1,933,291

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS INFORMATION

	Year Ended December 31, 2017
							Non-Guarantor Subsidiaries
	Parent			Guarantor Subsidiaries			MGP			Other			Elimination			Consolidated
	(In thousands)
Cash flows from operating activities
Net cash provided by (used in) operating activities	$	(584,252	)	$	1,152,083		$	482,578		$	1,156,002		$	—		$	2,206,411
Cash flows from investing activities
Capital expenditures, net of construction payable		—			(482,024	)		(488	)		(1,381,570	)		—			(1,864,082	)
Dispositions of property and equipment		—			502			—			216			—			718
Acquisition of National Harbor, net of cash acquired		—			—			(462,500	)		—			462,500			—
Investments in and advances to unconsolidated affiliates		—			(16,727	)		—			—			—			(16,727	)
Distributions from unconsolidated affiliates		—			301,211			—			—			—			301,211
Intercompany accounts		462,500			(1,186,942	)		—			—			724,442			—
Other		—			(1,754	)		—			42			—			(1,712	)
Net cash provided by (used in) investing activities		462,500			(1,385,734	)		(462,988	)		(1,381,312	)		1,186,942			(1,580,592	)
Cash flows from financing activities
Net borrowings (repayments) under bank credit facilities - maturities of 90 days or less		122,500			—			(466,875	)		359,376			—			15,001
Issuance of long-term debt		—			—			350,000			—			—			350,000
Retirement of senior notes and senior debentures		(502,669	)		—			—			—			—			(502,669	)
Debt issuance costs		—			—			(5,598	)		(4,379	)		—			(9,977	)
Issuance of MGM Growth Properties Class A shares, net		—			—			387,548			—			—			387,548
Dividends paid to common shareholders		(252,014	)		—			—			—			—			(252,014	)
MGP dividends paid to consolidated subsidiaries		—			—			(290,091	)		—			290,091			—
Distributions to noncontrolling interest owners		—			—			(95,344	)		(75,058	)		—			(170,402	)
Purchases of common stock		(327,500	)		—			—			—			—			(327,500	)
Intercompany accounts		1,042,111			248,626			—			186,296			(1,477,033	)		—
Other		(33,801	)		(11,644	)		—			(13,320	)		—			(58,765	)
Net cash provided by (used in) financing activities		48,627			236,982			(120,360	)		452,915			(1,186,942	)		(568,778	)
Effect of exchange rate on cash		—			—			—			(3,627	)		—			(3,627	)
Cash and cash equivalents
Net increase (decrease) for the period		(73,125	)		3,331			(100,770	)		223,978			—			53,414
Balance, beginning of period		99,995			307,713			360,492			678,381			—			1,446,581
Balance, end of period	$	26,870		$	311,044		$	259,722		$	902,359		$	—		$	1,499,995