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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 843,060 $ 652,238 $ 2,489,969 $ 1,542,622
Operating costs and expenses        
Selling, general and administrative 91,159 86,983 271,639 260,681
Master lease rent expense 26,306 25,914 78,396 75,992
Maintenance and utilities 35,868 33,751 95,256 88,551
Depreciation and amortization 67,586 69,320 199,332 205,498
Corporate expense 28,264 19,605 86,295 58,526
Project development, preopening and writedowns 10,646 2,249 13,515 9,582
Impairment of assets 0 0 0 171,100
Other operating items, net 3,023 14,928 15,295 23,570
Total operating costs and expenses 619,914 525,165 1,806,746 1,639,658
Operating income (loss) 223,146 127,073 683,223 (97,036)
Other expense (income)        
Interest income (442) (468) (1,406) (1,476)
Interest expense, net of amounts capitalized 45,171 62,387 158,192 173,440
Loss on early extinguishments and modifications of debt 42 413 65,517 1,000
Other, net 119 (4,977) 2,288 (5,206)
Total other expense, net 44,890 57,355 224,591 167,758
Income (loss) before income taxes 178,256 69,718 458,632 (264,794)
Income tax benefit (provision) (40,082) (31,602) (104,568) 46,807
Net income (loss) $ 138,174 $ 38,116 $ 354,064 $ (217,987)
Basic net income (loss) per common share (in dollars per share) $ 1.21 $ 0.34 $ 3.11 $ (1.92)
Weighted average basic shares outstanding (in shares) 114,095 113,520 113,835 113,495
Diluted net income (loss) per common share (in dollars per share) $ 1.21 $ 0.33 $ 3.10 $ (1.92)
Weighted average diluted shares outstanding (in shares) 114,284 113,862 114,099 113,495
Casino [Member]        
Revenues        
Total revenues $ 674,227 $ 565,965 $ 2,019,615 $ 1,260,841
Operating costs and expenses        
Cost of Revenue 249,685 214,984 741,176 530,445
Food and Beverage [Member]        
Revenues        
Total revenues 61,101 38,778 162,641 139,323
Operating costs and expenses        
Cost of Revenue 50,659 38,691 136,391 145,275
Occupancy [Member]        
Revenues        
Total revenues 44,317 26,925 109,384 80,570
Operating costs and expenses        
Cost of Revenue 15,074 12,931 41,413 41,013
Product and Service, Other [Member]        
Revenues        
Total revenues 63,415 20,570 198,329 61,888
Operating costs and expenses        
Cost of Revenue $ 41,644 $ 5,809 $ 128,038 $ 29,425