XML 21 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Combined and Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income (loss) $ 46,692 $ (67,970)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 61,684 51,476
Property transactions, net 6,855 874
Amortization of deferred financing costs and debt discount 2,806 0
Amortization related to above market lease, net 171 0
Provision for income taxes 1,238 0
Amortization of deferred revenue (235) 0
Straight-line rental revenues (677) 0
Share-based compensation 188 0
Changes in operating assets and liabilities:    
Tenant and other receivables, net 4,891 0
Prepaid expenses and other assets (704) 0
Due to MGM Resorts International and affiliates 650 0
Accounts payable, accrued expenses and other liabilities (5,249) 0
Accrued interest 881 0
Net cash provided by (used in) operating activities 119,191 (15,620)
Cash flows from investing activities    
Capital expenditures for property and equipment funded by Parent 0 (111,241)
Net cash used in investing activities 0 (111,241)
Cash flows from financing activities    
Deferred financing costs (526) 0
Repayment of debt principal (16,750) 0
Dividends and distributions paid (94,109) 0
Net cash transfers from Parent 0 126,861
Net cash (used in) provided by financing activities (111,385) 126,861
Cash and cash equivalents    
Net increase for the period 7,806 0
Balance, beginning of period 360,492 0
Balance, end of period 368,298 0
Supplemental cash flow disclosures    
Interest paid 40,949 0
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 8,480 0
Accrual of dividends and distributions payable to Class A shareholders and Operating Partnership unit holders 94,109 0
Allocation of tax attributes (to) from Parent 0 (14,695)
MGP Operating Partnership    
Cash flows from operating activities    
Net income (loss) 46,692 (67,970)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 61,684 51,476
Property transactions, net 6,855 874
Amortization of deferred financing costs and debt discount 2,806 0
Amortization related to above market lease, net 171 0
Provision for income taxes 1,238 0
Amortization of deferred revenue (235) 0
Straight-line rental revenues (677) 0
Share-based compensation 188 0
Changes in operating assets and liabilities:    
Tenant and other receivables, net 4,891 0
Prepaid expenses and other assets (704) 0
Due to MGM Resorts International and affiliates 650 0
Accounts payable, accrued expenses and other liabilities (5,249) 0
Accrued interest 881 0
Net cash provided by (used in) operating activities 119,191 (15,620)
Cash flows from investing activities    
Capital expenditures for property and equipment funded by Parent 0 (111,241)
Net cash used in investing activities 0 (111,241)
Cash flows from financing activities    
Deferred financing costs (526) 0
Repayment of debt principal (16,750) 0
Dividends and distributions paid (94,109) 0
Net cash transfers from Parent 0 126,861
Net cash (used in) provided by financing activities (111,385) 126,861
Cash and cash equivalents    
Net increase for the period 7,806 0
Balance, beginning of period 360,492 0
Balance, end of period 368,298 0
Supplemental cash flow disclosures    
Interest paid 40,949 0
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 8,480 0
Accrual of dividends and distributions payable to Class A shareholders and Operating Partnership unit holders 94,109 0
Allocation of tax attributes (to) from Parent $ 0 $ (14,695)