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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenues $ 3,738,492 $ 3,555,377 [1] $ 3,369,810
Operating costs and expenses      
Selling, general and administrative 389,891 373,964 366,156
Master lease rent expense 108,398 106,616 104,702
Maintenance and utilities 151,014 143,527 126,115
Depreciation and amortization 256,780 258,179 267,787
Corporate expense 115,963 117,007 117,675
Project development, preopening and writedowns (8,935) (18,936) 31,815
Non-cash impairment of assets 107,837 40,775 8,200
Other operating items, net (4,207) (12,183) 14,776
Total operating costs and expenses 2,836,661 2,574,153 2,469,706
Operating income 901,831 981,224 900,104
Other expense (income)      
Interest income (23,886) (21,530) (1,819)
Interest expense, net of amounts capitalized 171,247 151,249 199,442
Loss on early extinguishments and modifications of debt 0 19,815 95,155
Other, net 1,563 2,884 3,387
Total other expense, net 148,924 152,418 296,165
Income before income taxes 752,907 828,806 603,939
Income tax provision (132,884) (189,429) (140,093)
Net income $ 620,023 $ 639,377 $ 463,846
Basic net income per common share (in dollars per share) $ 6.12 $ 5.87 $ 4.07
Weighted average basic shares outstanding (in shares) 101,325 108,885 113,866
Diluted net income per common share (in dollars per share) $ 6.12 $ 5.87 $ 4.07
Weighted average diluted shares outstanding (in shares) 101,373 109,004 114,103
Casino [Member]      
Total revenues $ 2,613,288 $ 2,674,730 [1] $ 2,705,523
Operating costs and expenses      
Cost of Revenue 1,000,240 1,005,830 999,528
Food and Beverage [Member]      
Total revenues 288,417 275,979 [1] 230,045
Operating costs and expenses      
Cost of Revenue 240,879 231,447 192,334
Occupancy [Member]      
Total revenues 199,117 189,071 [1] 154,180
Operating costs and expenses      
Cost of Revenue 73,490 68,383 57,627
Online [Member]      
Total revenues 422,211 253,898 [1] 172,518
Operating costs and expenses      
Cost of Revenue 358,988 213,918 148,273
Management Service [Member]      
Total revenues 76,921 26,905 0
Product and Service, Other [Member]      
Total revenues 138,538 134,794 [1] 107,544
Operating costs and expenses      
Cost of Revenue $ 46,323 $ 45,626 $ 34,718
[1] Revenues for the years ended December 31, 2022 and 2021 have been recast to reflect the breakout of online revenue and management fee revenue and the segment changes made during the first quarter of 2023.