XML 13 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 819,568 $ 612,196 $ 2,492,988 $ 1,835,107
Operating costs and expenses        
Selling, general and administrative 116,899 88,054 349,011 263,678
Master lease rent expense 24,665 0 73,058 0
Maintenance and utilities 41,351 32,927 119,158 89,526
Depreciation and amortization 65,092 54,688 200,396 159,887
Corporate expense 21,411 25,055 79,501 74,975
Project development, preopening and writedowns 5,297 18,588 14,243 27,829
Impairment of assets 0 0 0 993
Other operating items, net 1,260 265 1,564 2,196
Total operating costs and expenses 706,177 542,628 2,135,279 1,574,507
Operating income 113,391 69,568 357,709 260,600
Other expense (income)        
Interest income (434) (2,189) (1,356) (3,168)
Interest expense, net of amounts capitalized (59,661) (54,670) (182,224) (143,888)
Loss on early extinguishments and modifications of debt 242 0 750 61
Other, net 113 16 (227) (388)
Total other expense, net 59,582 52,497 181,391 140,393
Income before income taxes 53,809 17,071 176,318 120,207
Income tax provision (14,404) (5,234) (42,978) (28,373)
Income from continuing operations, net of tax 39,405 11,837 133,340 91,834
Income from discontinued operations, net of tax 0 0 0 347
Net income $ 39,405 $ 11,837 $ 133,340 $ 92,181
Basic net income per common share        
Continuing operations (in dollars per share) $ 0.35 $ 0.10 $ 1.18 $ 0.81
Discontinued operations (in dollars per share) 0 0 0 0
Basic net income per common share (in dollars per share) $ 0.35 $ 0.10 $ 1.18 $ 0.81
Weighted average basic shares outstanding (in shares) 113,526 114,410 113,395 114,443
Diluted net income per common share        
Continuing operations (in dollars per share) $ 0.35 $ 0.10 $ 1.17 $ 0.80
Discontinued operations (in dollars per share) 0 0 0 0
Diluted net income per common share (in dollars per share) $ 0.35 $ 0.10 $ 1.17 $ 0.80
Weighted average diluted shares outstanding (in shares) 113,971 115,070 113,879 115,147
Casino [Member]        
Revenues        
Total revenues $ 613,487 $ 446,760 $ 1,867,399 $ 1,335,011
Operating costs and expenses        
Cost of Revenue 276,302 197,435 835,511 580,461
Food and Beverage [Member]        
Revenues        
Total revenues 108,069 86,006 331,206 259,006
Operating costs and expenses        
Cost of Revenue 101,981 82,179 307,609 246,488
Occupancy [Member]        
Revenues        
Total revenues 60,705 47,984 179,046 145,330
Operating costs and expenses        
Cost of Revenue 28,393 22,288 83,074 64,875
Product and Service, Other [Member]        
Revenues        
Total revenues 37,307 31,446 115,337 95,760
Operating costs and expenses        
Cost of Revenue $ 23,526 $ 21,149 $ 72,154 $ 63,599