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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 58,169 $ 46,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 68,991 61,684
Property transactions, net 4,086 6,855
Amortization of deferred financing costs and debt discount 2,974 2,806
Loss on retirement of debt 1,018 0
Amortization related to above market lease, net 171 171
Provision for income taxes 1,231 1,238
Straight-line rental revenues 2,612 (677)
Amortization of deferred revenue (916) (235)
Share-based compensation 384 188
Changes in operating assets and liabilities:    
Tenant and other receivables, net 4,048 4,891
Prepaid expenses and other assets 407 (704)
Due to MGM Resorts International and affiliates (660) 650
Accounts payable, accrued expenses and other liabilities (5,241) (5,249)
Accrued interest 7,950 881
Net cash provided by operating activities 145,224 119,191
Cash flows from investing activities    
Capital expenditures for property and equipment (177) 0
Net cash used in investing activities (177) 0
Cash flows from financing activities    
Deferred financing costs (4,544) (526)
Repayment of debt principal (8,375) (16,750)
Dividends and distributions paid (111,733) (94,109)
Net cash used in financing activities (124,652) (111,385)
Cash and cash equivalents    
Net increase for the period 20,395 7,806
Balance, beginning of period 259,722 360,492
Balance, end of period 280,117 368,298
Supplemental cash flow disclosures    
Interest paid 38,171 40,949
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 372 8,480
Accrual of dividend and distribution payable to Class A shareholders and Operating Partnership unit holders 111,733 94,109
MGP Operating Partnership    
Cash flows from operating activities    
Net income 58,169 46,692
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 68,991 61,684
Property transactions, net 4,086 6,855
Amortization of deferred financing costs and debt discount 2,974 2,806
Loss on retirement of debt 1,018 0
Amortization related to above market lease, net 171 171
Provision for income taxes 1,231 1,238
Straight-line rental revenues 2,612 (677)
Amortization of deferred revenue (916) (235)
Share-based compensation 384 188
Changes in operating assets and liabilities:    
Tenant and other receivables, net 4,048 4,891
Prepaid expenses and other assets 407 (704)
Due to MGM Resorts International and affiliates (660) 650
Accounts payable, accrued expenses and other liabilities (5,241) (5,249)
Accrued interest 7,950 881
Net cash provided by operating activities 145,224 119,191
Cash flows from investing activities    
Capital expenditures for property and equipment (177) 0
Net cash used in investing activities (177) 0
Cash flows from financing activities    
Deferred financing costs (4,544) (526)
Repayment of debt principal (8,375) (16,750)
Dividends and distributions paid (111,733) (94,109)
Net cash used in financing activities (124,652) (111,385)
Cash and cash equivalents    
Net increase for the period 20,395 7,806
Balance, beginning of period 259,722 360,492
Balance, end of period 280,117 368,298
Supplemental cash flow disclosures    
Interest paid 38,171 40,949
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 372 8,480
Accrual of dividend and distribution payable to Class A shareholders and Operating Partnership unit holders $ 111,733 $ 94,109