Financial Reporting By Business Segments (Tables)

3 Months Ended

Mar. 31, 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
	March 31,
	2023		2022
Revenues:
Hospitality	$	424,439	$	261,111
Entertainment		67,280		38,024
Corporate and Other		—		—
Total	$	491,719	$	299,135
Depreciation and amortization:
Hospitality	$	42,875	$	52,271
Entertainment		5,265		3,552
Corporate and Other		217		205
Total	$	48,357	$	56,028
Operating income (loss):
Hospitality	$	106,070	$	15,668
Entertainment		10,581		2,741
Corporate and Other		(10,811)		(9,762)
Preopening costs		(190)		(304)
Loss on sale of assets		—		(469)
Total operating income		105,650		7,874
Interest expense		(42,528)		(31,937)
Interest income		2,547		1,381
Loss from unconsolidated joint ventures		(2,806)		(2,627)
Other gains and (losses), net		(236)		447
Income (loss) before income taxes	$	62,627	$	(24,862)

	March 31,		December 31,
	2023		2022
Identifiable assets:
Hospitality	$	3,213,984	$	3,314,444
Entertainment		518,029		502,913
Corporate and Other		302,666		223,266
Total identifiable assets	$	4,034,679	$	4,040,623