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Financial Reporting By Business Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
Financial Reporting By Business Segments |
Segments' Internal Financial Reports | The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Hospitality | ​ | $ | 390,602 | ​ | $ | 257,853 | ​ | $ | 1,053,515 | ​ | $ | 463,343 | ​
Entertainment | ​ |  | 77,153 | ​ |  | 49,053 | ​ |  | 183,579 | ​ |  | 98,599 | ​
Corporate and Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Total | ​ | $ | 467,755 | ​ | $ | 306,906 | ​ | $ | 1,237,094 | ​ | $ | 561,942 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 42,517 | ​ | $ | 52,020 | ​ | $ | 146,804 | ​ | $ | 151,655 | ​
Entertainment | ​ |  | 5,249 | ​ |  | 3,506 | ​ |  | 13,293 | ​ |  | 10,728 | ​
Corporate and Other | ​ |  | 203 | ​ |  | 567 | ​ |  | 615 | ​ |  | 1,698 | ​
Total | ​ | $ | 47,969 | ​ | $ | 56,093 | ​ | $ | 160,712 | ​ | $ | 164,081 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating income (loss): | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 88,901 | ​ | $ | 24,716 | ​ | $ | 205,142 | ​ | $ | (65,846) | ​
Entertainment | ​ |  | 17,756 | ​ |  | 12,080 | ​ |  | 38,737 | ​ |  | 10,074 | ​
Corporate and Other | ​ |  | (9,652) | ​ |  | (10,983) | ​ |  | (32,038) | ​ |  | (28,620) | ​
Preopening costs | ​ |  | — | ​ |  | (118) | ​ |  | (525) | ​ |  | (734) | ​
Gain (loss) on sale of assets | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (469) | ​ | ​ | 317 | ​
Total operating income (loss) | ​ |  | 97,005 | ​ |  | 25,695 | ​ |  | 210,847 | ​ |  | (84,809) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (40,092) | ​ |  | (32,413) | ​ |  | (105,987) | ​ |  | (93,056) | ​
Interest income | ​ |  | 1,378 | ​ |  | 1,433 | ​ |  | 4,138 | ​ |  | 4,254 | ​
Loss on extinguishment of debt | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,547) | ​ | ​ | (2,949) | ​
Loss from unconsolidated joint ventures | ​ |  | (2,720) | ​ |  | (2,312) | ​ |  | (8,348) | ​ |  | (5,831) | ​
Other gains and (losses), net | ​ |  | 2,058 | ​ |  | 53 | ​ |  | 2,222 | ​ |  | 254 | ​
Income (loss) before income taxes | ​ | $ | 57,629 | ​ | $ | (7,544) | ​ | $ | 101,325 | ​ | $ | (182,137) | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31,
​ | ​ | 2022 | ​ | 2021
Identifiable assets: |  | ​ |  |  | ​ |
Hospitality | ​ | $ | 3,258,745 | ​ | $ | 3,266,679
Entertainment | ​ |  | 492,911 | ​ |  | 214,270
Corporate and Other | ​ |  | 195,624 | ​ |  | 99,576
Total identifiable assets | ​ | $ | 3,947,280 | ​ | $ | 3,580,525

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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