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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenues $ 916,950 $ 894,450 [1] $ 1,880,916 $ 1,755,193 [1]
Operating costs and expenses        
Selling, general and administrative 99,070 95,662 199,389 187,709
Master lease rent expense 27,099 26,654 53,927 52,960
Maintenance and utilities 37,591 34,517 73,617 67,407
Depreciation and amortization 62,220 66,757 123,780 129,235
Corporate expense 31,705 34,872 60,360 63,876
Project development, preopening and writedowns 5,201 912 (13,673) (9,117)
Non-cash impairment of assets 0 0 4,537 0
Other operating items, net 438 188 658 286
Total operating costs and expenses 672,921 649,380 1,352,008 1,259,065
Operating income 244,029 245,070 528,908 496,128
Other expense (income)        
Interest income (2,715) (483) (20,860) (903)
Interest expense, net of amounts capitalized 42,715 36,466 86,581 74,124
Loss on early extinguishments and modifications of debt 0 16,509 0 19,809
Other, net 522 3,750 626 3,497
Total other expense, net 40,522 56,242 66,347 96,527
Income before income taxes 203,507 188,828 462,561 399,601
Income tax provision (11,053) (42,065) (70,376) (89,910)
Net income $ 192,454 $ 146,763 $ 392,185 $ 309,691
Basic net income per common share (in dollars per share) $ 1.89 $ 1.33 $ 3.81 $ 2.79
Weighted average basic shares outstanding (in shares) 102,025 110,118 102,818 111,151
Diluted net income per common share (in dollars per share) $ 1.89 $ 1.33 $ 3.81 $ 2.78
Weighted average diluted shares outstanding (in shares) 102,071 110,259 102,867 111,303
Casino [Member]        
Total revenues $ 660,729 $ 684,925 [1] $ 1,325,037 $ 1,352,879 [1]
Operating costs and expenses        
Cost of Revenue 249,999 254,500 499,794 504,542
Food and Beverage [Member]        
Total revenues 70,366 70,299 [1] 141,950 134,042 [1]
Operating costs and expenses        
Cost of Revenue 58,622 57,456 117,951 111,390
Occupancy [Member]        
Total revenues 49,761 49,904 [1] 99,826 92,313 [1]
Operating costs and expenses        
Cost of Revenue 18,580 17,285 35,700 33,275
Online [Member]        
Total revenues 85,002 56,774 [1] 207,865 111,850 [1]
Operating costs and expenses        
Cost of Revenue 71,393 48,899 173,398 94,888
Management Service [Member]        
Total revenues 17,446 0 37,476 0
Product and Service, Other [Member]        
Total revenues 33,646 32,548 [1] 68,762 64,109 [1]
Operating costs and expenses        
Cost of Revenue $ 11,003 $ 11,678 $ 22,570 $ 22,614
[1] Revenues for the three and six months ended June 30, 2022 have been recast to reflect the breakout of online revenue and management fee revenue from other revenue and the segment changes made during first quarter 2023.