v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 78,619 $ 51,528
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 53,337 53,158
Amortization of items charged to interest expense 1,649 3,100
Gain on sale of fixed assets (945) (35)
(Gain) loss from unconsolidated affiliates (1,685) 2,354
Deferred income taxes (3,143) 7,842
Charge for stock-based compensation 7,911 6,225
(Increase) decrease, net of businesses acquired    
Accounts receivable (114) 2,951
Insurance receivable 1,072  
Prepaid expenses and other current assets 3,459 25,083
Other assets (2,328) 561
Increase (decrease), net of businesses acquired    
Accounts payable 197 1,124
Accrued expenses (23,897) (23,431)
Accrued interest (7,711) (11,746)
Accrued salaries and wages (22,201) (17,403)
Gaming, pari-mutuel, property and other taxes (219) (5,206)
Income taxes 31,434  
Other current and noncurrent liabilities 5,465 5,503
Other noncurrent tax liabilities 1,724 682
Net cash provided by operating activities 122,624 102,290
Investing activities    
Expenditures for property and equipment, net of reimbursements (119,659) (54,524)
Proceeds from sale of property and equipment 1,283 158
Investment in joint ventures (39,600) (10,200)
Decrease in cash in escrow 25,650  
Acquisitions of businesses and licenses   (15,012)
Net cash used in investing activities (132,326) (79,578)
Financing activities    
Proceeds from exercise of options 4,640 3,321
Proceeds from issuance of long-term debt, net of issuance costs 47,932 30,000
Principal payments on long-term debt (60,656) (66,044)
Payments on insurance financing (4,682) (3,472)
Tax benefit from stock options exercised 1,479 1,576
Net cash used in financing activities (11,287) (34,619)
Net decrease in cash and cash equivalents (20,989) (11,907)
Cash and cash equivalents at beginning of year 238,440 246,385
Cash and cash equivalents at end of period 217,451 234,478
Supplemental disclosure    
Cash paid for interest 26,888 38,357
Cash paid for income taxes $ 15,353 $ 1,166