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Financial Reporting By Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2023
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 | ​ | Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Revenues: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Hospitality | ​ | $ | 417,685 | ​ | $ | 401,802 | ​ | $ | 842,124 | ​ | $ | 662,913 | ​
Entertainment | ​ |  | 87,158 | ​ |  | 68,402 | ​ |  | 154,438 | ​ |  | 106,426 | ​
Corporate and Other | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​
Total | ​ | $ | 504,843 | ​ | $ | 470,204 | ​ | $ | 996,562 | ​ | $ | 769,339 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 42,646 | ​ | $ | 52,016 | ​ | $ | 85,521 | ​ | $ | 104,287 | ​
Entertainment | ​ |  | 5,402 | ​ |  | 4,492 | ​ |  | 10,667 | ​ |  | 8,044 | ​
Corporate and Other | ​ |  | 209 | ​ |  | 207 | ​ |  | 426 | ​ |  | 412 | ​
Total | ​ | $ | 48,257 | ​ | $ | 56,715 | ​ | $ | 96,614 | ​ | $ | 112,743 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating income (loss): | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Hospitality | ​ | $ | 107,733 | ​ | $ | 100,573 | ​ | $ | 213,803 | ​ | $ | 116,241 | ​
Entertainment | ​ |  | 24,668 | ​ |  | 18,240 | ​ |  | 35,249 | ​ |  | 20,981 | ​
Corporate and Other | ​ |  | (10,094) | ​ |  | (12,624) | ​ |  | (20,905) | ​ |  | (22,386) | ​
Preopening costs | ​ |  | (67) | ​ |  | (221) | ​ |  | (257) | ​ |  | (525) | ​
Loss on sale of assets | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (469) | ​
Total operating income | ​ |  | 122,240 | ​ |  | 105,968 | ​ |  | 227,890 | ​ |  | 113,842 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense | ​ |  | (49,179) | ​ |  | (33,958) | ​ |  | (91,707) | ​ |  | (65,895) | ​
Interest income | ​ |  | 5,318 | ​ |  | 1,379 | ​ |  | 7,865 | ​ |  | 2,760 | ​
Loss on extinguishment of debt | ​ | ​ | (2,252) | ​ | ​ | (1,547) | ​ | ​ | (2,252) | ​ | ​ | (1,547) | ​
Loss from unconsolidated joint ventures | ​ |  | (2,153) | ​ |  | (3,001) | ​ |  | (4,959) | ​ |  | (5,628) | ​
Other gains and (losses), net | ​ |  | (287) | ​ |  | (283) | ​ |  | (523) | ​ |  | 164 | ​
Income before income taxes | ​ | $ | 73,687 | ​ | $ | 68,558 | ​ | $ | 136,314 | ​ | $ | 43,696 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
​ | ​ | 2023 | ​ | 2022
Total assets: |  | ​ |  |  | ​ |
Hospitality | ​ | $ | 4,021,742 | ​ | $ | 3,314,444
Entertainment | ​ |  | 529,764 | ​ |  | 502,913
Corporate and Other | ​ |  | 439,149 | ​ |  | 223,266
Total identifiable assets | ​ | $ | 4,990,655 | ​ | $ | 4,040,623

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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