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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 106,228 $ 90,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 136,465 121,911
Property transactions, net 18,512 17,442
Amortization of deferred financing costs and debt discount 6,056 5,623
Loss on retirement of debt 2,736 798
Amortization related to above market lease, net 343 343
Provision for income taxes 2,494 2,415
Straight-line rental revenues 8,635 1,571
Amortization of deferred revenue (1,836) (872)
Share-based compensation 940 550
Changes in operating assets and liabilities:    
Tenant and other receivables, net 2,188 5,337
Prepaid expenses and other assets (83) (5,229)
Due to MGM Resorts International and affiliates (815) 67
Accounts payable, accrued expenses and other liabilities (84) (1,248)
Accrued interest 2,554 (8,557)
Net cash provided by operating activities 284,333 230,718
Cash flows from investing activities    
Capital expenditures for property and equipment (190) 0
Net cash used in investing activities (190) 0
Cash flows from financing activities    
Deferred financing costs (17,490) (1,024)
Repayment of debt (13,000) (25,125)
Dividends and distributions paid (223,466) (188,219)
Net cash used in financing activities (253,956) (214,368)
Cash and cash equivalents    
Net increase for the period 30,187 16,350
Balance, beginning of period 259,722 360,492
Balance, end of period 289,909 376,842
Supplemental cash flow disclosures    
Interest paid 89,627 92,301
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 13,507 17,297
Accrual of dividend and distribution payable to Class A shareholders and Operating Partnership unit holders 114,399 95,995
MGP Operating Partnership    
Cash flows from operating activities    
Net income 106,228 90,567
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 136,465 121,911
Property transactions, net 18,512 17,442
Amortization of deferred financing costs and debt discount 6,056 5,623
Loss on retirement of debt 2,736 798
Amortization related to above market lease, net 343 343
Provision for income taxes 2,494 2,415
Straight-line rental revenues 8,635 1,571
Amortization of deferred revenue (1,836) (872)
Share-based compensation 940 550
Changes in operating assets and liabilities:    
Tenant and other receivables, net 2,188 5,337
Prepaid expenses and other assets (83) (5,229)
Due to MGM Resorts International and affiliates (815) 67
Accounts payable, accrued expenses and other liabilities (84) (1,248)
Accrued interest 2,554 (8,557)
Net cash provided by operating activities 284,333 230,718
Cash flows from investing activities    
Capital expenditures for property and equipment (190) 0
Net cash used in investing activities (190) 0
Cash flows from financing activities    
Deferred financing costs (17,490) (1,024)
Repayment of debt (13,000) (25,125)
Dividends and distributions paid (223,466) (188,219)
Net cash used in financing activities (253,956) (214,368)
Cash and cash equivalents    
Net increase for the period 30,187 16,350
Balance, beginning of period 259,722 360,492
Balance, end of period 289,909 376,842
Supplemental cash flow disclosures    
Interest paid 89,627 92,301
Non-cash investing and financing activities    
Non-Normal Tenant Improvements by Tenant 13,507 17,297
Accrual of dividend and distribution payable to Class A shareholders and Operating Partnership unit holders $ 114,399 $ 95,995