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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (34,793) $ (335,938)  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 288,638 290,551  
Amortization of debt discounts, premiums and issuance costs 10,285 9,734  
Provision for credit losses 253 2,127  
Stock-based compensation 23,344 16,549  
Property transactions, net 54,738 26,071  
Noncash lease expense 60,118 44,467  
Other investment gains (14,983) 0  
Loss from unconsolidated affiliates 61,971 46,415  
Distributions from unconsolidated affiliates 25,444 16,294  
Deferred income taxes 1,070 (80,293)  
Change in operating assets and liabilities:      
Accounts receivable (10,385) (45,970)  
Inventories (5,780) 5,911  
Income taxes receivable and payable, net 39,204 1,238  
Prepaid expenses and other (13,768) (27,258)  
Accounts payable and accrued liabilities (60,563) (23,763)  
Other (4,311) (33,745)  
Net cash provided by (used in) operating activities 420,482 (87,610)  
Cash flows from investing activities      
Capital expenditures (101,583) (78,914)  
Dispositions of property and equipment 2,917 505  
Investments in unconsolidated affiliates (129,177) (76,845)  
Distributions from unconsolidated affiliates 475 0  
Other (10,015) 342  
Net cash used in investing activities (237,383) (154,912)  
Cash flows from financing activities      
Net borrowings (repayments) under bank credit facilities - maturities of 90 days or less (18,134) 125,902  
Issuance of long-term debt 0 749,775  
Retirement of senior notes (1,000,000) 0  
Debt issuance costs (1,367) (9,212)  
Issuance of MGM Growth Properties Class A shares, net 0 676,034  
Dividends paid to common shareholders (1,090) (1,237)  
Distributions to noncontrolling interest owners (118,039) (76,390)  
Purchases of common stock (1,001,972) (119,269)  
Other (24,985) (32,104)  
Net cash provided by (used in) financing activities (2,165,587) 1,313,499  
Effect of exchange rate on cash, cash equivalents, and restricted cash (1,355) (1,102)  
Cash, cash equivalents, and restricted cash      
Net change for the period (1,983,843) 1,069,875  
Balance, beginning of period 5,203,059 5,101,637 $ 5,101,637
Balance, end of period 3,219,216 6,171,512 $ 5,203,059
Supplemental cash flow disclosures      
Interest paid, net of amounts capitalized 183,513 146,631  
Federal, state and foreign income tax refunds received, net $ (67,294) $ (2,401)