XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 552,496 $ 267,733 $ 1,100,767 $ 459,999
Operating (income) costs and expenses:        
Advertising, general and administrative 181,707 101,211 363,323 181,710
Goodwill and asset impairment 0 4,675 0 4,675
Pre-Opening Costs 717 937 717 1,540
Acquisition, integration and restructuring 10,112 18,402 15,392 30,660
Gain from insurance recoveries, net of losses 14 (579) (150) (11,255)
Rebranding 185 382 474 1,295
Gain on sale-leaseback, net (50,766) (53,425) (50,766) (53,425)
Depreciation and amortization 74,773 25,717 153,654 38,503
Total operating costs and expenses 467,177 187,201 992,928 349,993
Income from operations 85,319 80,532 107,839 110,006
Other income (expense):        
Interest income 148 530 310 1,054
Interest expense, net of amounts capitalized (45,976) (21,829) (91,823) (42,627)
Change in Value of Naming Rights Liabilities 20,032 19,070 33,411 (8,336)
Gain (adjustment) on bargain purchases 0 24,114 (107) 24,114
Other Nonoperating Income (Expense) 5,412 (6,494) 11,619 (3,823)
Total other income (expense), net (20,384) 15,391 (46,590) (29,618)
Income before income taxes 64,935 95,923 61,249 80,388
Provision (benefit) for income taxes 5,434 26,981 (141) 22,151
Net income 59,501 68,942 61,390 58,237
Net Income (Loss) Available to Common Stockholders, Basic, Total $ 59,501 $ 68,942 $ 61,390 $ 58,237
Net income per share, basic (in dollars per share) $ 0.98 $ 1.43 $ 1.02 $ 1.39
Weighted average common shares outstanding, basic (in shares) 60,506 48,156 60,263 42,038
Net income per share, diluted (in dollars per share) $ 0.98 $ 1.40 $ 1.02 $ 1.37
Weighted average common shares outstanding, diluted (in shares) 60,541 49,102 60,332 42,374
Gaming        
Revenue:        
Total revenue $ 455,088 $ 207,490 $ 918,790 $ 362,768
Operating (income) costs and expenses:        
Cost of net revenue 204,051 63,350 423,263 110,604
Hotel        
Revenue:        
Total revenue 33,929 22,315 60,864 35,374
Operating (income) costs and expenses:        
Cost of net revenue 9,731 7,506 18,313 12,655
Food and beverage        
Revenue:        
Total revenue 27,435 23,382 51,423 38,882
Operating (income) costs and expenses:        
Cost of net revenue 21,898 17,004 40,854 29,213
Retail, entertainment and other        
Revenue:        
Total revenue 36,044 14,546 69,690 22,975
Retail, entertainment and other        
Operating (income) costs and expenses:        
Cost of net revenue $ 14,755 $ 2,021 $ 27,854 $ 3,818