XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Gaming $ 443,568 $ 457,397 $ 1,359,047 $ 1,390,734
Food and beverage 74,257 76,713 226,955 230,918
Room 42,985 41,649 128,225 123,334
Other 29,579 32,379 90,738 92,706
Gross revenues 590,389 608,138 1,804,965 1,837,692
Less promotional allowances 58,488 61,825 175,812 180,934
Net revenues 531,901 546,313 1,629,153 1,656,758
Operating costs and expenses        
Gaming 217,103 225,653 658,396 677,036
Food and beverage 40,745 41,900 124,664 126,380
Room 11,247 10,765 33,039 31,494
Other 18,660 21,548 56,819 60,938
Selling, general and administrative 80,833 79,954 241,686 242,656
Maintenance and utilities 27,854 29,030 76,711 80,965
Depreciation and amortization 47,928 51,345 143,831 155,251
Corporate expense 15,877 15,009 49,883 52,013
Project development, preopening and writedowns 3,735 1,514 11,473 4,218
Impairments of assets 0 0 1,440 1,065
Other operating items, net 3 172 555 342
Total operating costs and expenses 463,985 476,890 1,398,497 1,432,358
Operating income 67,916 69,423 230,656 224,400
Other expense (income)        
Interest income (1,050) (460) (2,506) (1,396)
Interest expense, net of amounts capitalized 55,203 56,558 170,155 170,624
Loss on early extinguishments and modifications of debt 41,518 863 42,364 32,333
Other, net 1 1,753 143 3,641
Total other expense, net 95,672 58,714 210,156 205,202
Income (loss) from continuing operations before income taxes (27,756) 10,709 20,500 19,198
Income taxes benefit (provision) 189,620 (3,694) 174,231 5,931
Income from continuing operations, net of tax 161,864 7,015 194,731 25,129
Income from discontinued operations, net of tax (180,707) (18,410) (211,052) (28,974)
Net income $ 342,571 $ 25,425 $ 405,783 $ 54,103
Continuing operations $ 1.41 $ 0.06 $ 1.70 $ 0.22
Discontinued operations 1.58 0.17 1.85 0.26
Basic net income per common share $ 2.99 $ 0.23 $ 3.55 $ 0.48
Weighted average basic shares outstanding 114,567 112,608 114,335 112,100
Continuing operations $ 1.40 $ 0.06 $ 1.69 $ 0.22
Discontinued operations 1.57 0.16 1.84 0.26
Diluted net income per common share $ 2.97 $ 0.22 $ 3.53 $ 0.48
Weighted average diluted shares outstanding 115,202 113,375 115,051 112,930