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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 877,263 $ 843,060 $ 2,632,456 $ 2,489,969
Operating costs and expenses        
Selling, general and administrative 92,950 91,159 280,659 271,639
Master lease rent expense 26,828 26,306 79,788 78,396
Maintenance and utilities 40,789 35,868 108,196 95,256
Depreciation and amortization 64,956 67,586 194,191 199,332
Corporate expense 26,375 28,264 90,251 86,295
Project development, preopening and writedowns 9,645 10,646 528 13,515
Impairment of assets 5,575 0 5,575 0
Other operating items, net (12,610) 3,023 (12,324) 15,295
Total operating costs and expenses 639,804 619,914 1,898,869 1,806,746
Operating income 237,459 223,146 733,587 683,223
Other expense (income)        
Interest income (2,073) (442) (2,976) (1,406)
Interest expense, net of amounts capitalized 36,001 45,171 110,125 158,192
Loss on early extinguishments and modifications of debt 0 42 19,809 65,517
Other, net 170 119 3,667 2,288
Total other expense, net 34,098 44,890 130,625 224,591
Income before income taxes 203,361 178,256 602,962 458,632
Income tax provision (46,359) (40,082) (136,269) (104,568)
Net income $ 157,002 $ 138,174 $ 466,693 $ 354,064
Basic net income per common share (in dollars per share) $ 1.46 $ 1.21 $ 4.24 $ 3.11
Weighted average basic shares outstanding (in shares) 107,743 114,095 110,002 113,835
Diluted net income per common share (in dollars per share) $ 1.46 $ 1.21 $ 4.24 $ 3.10
Weighted average diluted shares outstanding (in shares) 107,840 114,284 110,135 114,099
Casino [Member]        
Revenues        
Total revenues $ 667,975 $ 674,227 $ 2,020,854 $ 2,019,615
Operating costs and expenses        
Cost of Revenue 251,814 249,685 756,356 741,176
Food and Beverage [Member]        
Revenues        
Total revenues 67,792 61,101 201,834 162,641
Operating costs and expenses        
Cost of Revenue 58,502 50,659 169,892 136,391
Occupancy [Member]        
Revenues        
Total revenues 46,672 44,317 138,985 109,384
Operating costs and expenses        
Cost of Revenue 17,783 15,074 51,058 41,413
Product and Service, Other [Member]        
Revenues        
Total revenues 94,824 63,415 270,783 198,329
Operating costs and expenses        
Cost of Revenue $ 57,197 $ 41,644 $ 174,699 $ 128,038