XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 903,164 $ 877,263 [1] $ 2,784,080 $ 2,632,456 [1]
Operating costs and expenses        
Selling, general and administrative 99,944 92,950 299,333 280,659
Master lease rent expense 27,236 26,828 81,163 79,788
Maintenance and utilities 41,720 40,789 115,337 108,196
Depreciation and amortization 64,797 64,956 188,577 194,191
Corporate expense 27,872 26,375 88,232 90,251
Project development, preopening and writedowns 2,405 9,645 (11,268) 528
Non-cash impairment of assets 0 5,575 4,537 5,575
Other operating items, net 301 (12,610) 959 (12,324)
Total operating costs and expenses 685,292 639,804 2,037,300 1,898,869
Operating income 217,872 237,459 746,780 733,587
Other expense (income)        
Interest income (1,585) (2,073) (22,445) (2,976)
Interest expense, net of amounts capitalized 42,352 36,001 128,933 110,125
Loss on early extinguishments and modifications of debt 0 0 0 19,809
Other, net (30) 170 596 3,667
Total other expense, net 40,737 34,098 107,084 130,625
Income before income taxes 177,135 203,361 639,696 602,962
Income tax provision (41,902) (46,359) (112,278) (136,269)
Net income $ 135,233 $ 157,002 $ 527,418 $ 466,693
Basic net income per common share (in dollars per share) $ 1.34 $ 1.46 $ 5.16 $ 4.24
Weighted average basic shares outstanding (in shares) 100,804 107,743 102,139 110,002
Diluted net income per common share (in dollars per share) $ 1.34 $ 1.46 $ 5.16 $ 4.24
Weighted average diluted shares outstanding (in shares) 100,850 107,840 102,187 110,135
Casino [Member]        
Total revenues $ 641,168 $ 667,975 [1] $ 1,966,205 $ 2,020,854 [1]
Operating costs and expenses        
Cost of Revenue 251,536 251,814 751,330 756,356
Food and Beverage [Member]        
Total revenues 70,986 67,792 [1] 212,936 201,834 [1]
Operating costs and expenses        
Cost of Revenue 59,672 58,502 177,623 169,892
Occupancy [Member]        
Total revenues 48,720 46,672 [1] 148,546 138,985 [1]
Operating costs and expenses        
Cost of Revenue 19,180 17,783 54,880 51,058
Online [Member]        
Total revenues 90,288 52,353 [1] 298,153 164,203 [1]
Operating costs and expenses        
Cost of Revenue 79,080 45,827 252,478 140,715
Management Service [Member]        
Total revenues 17,153 10,159 54,629 10,159
Product and Service, Other [Member]        
Total revenues 34,849 32,312 [1] 103,611 96,421 [1]
Operating costs and expenses        
Cost of Revenue $ 11,549 $ 11,370 $ 34,119 $ 33,984
[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.