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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The results of each reportable segment presented below are consistent with the way our management assesses these results and allocates resources, which is a consolidated view that adjusts for the impact of certain transactions between our reportable segments, as described below.
The following tables present certain information with respect to our segments:
 
Year Ended December 31, 2019
(In thousands)
Real Property Business
 
Golf Course Business
 
VICI Consolidated
Revenues
$
865,858

 
$
28,940

 
$
894,798

Operating income
836,275

 
6,224

 
842,499

Interest expense
(248,384
)
 
—

 
(248,384
)
Loss on extinguishment of debt
(58,143
)
 
—

 
(58,143
)
Income before income taxes
549,503

 
6,483

 
555,986

Income tax expense
470

 
1,235

 
1,705

Net income
549,033

 
5,248

 
554,281

 
 
 
 
 
—

Depreciation
16

 
3,815

 
3,831

 
 
 
 
 
 
Total assets
$
13,177,318

 
$
88,301

 
$
13,265,619

Total liabilities
$
5,199,029

 
$
17,601

 
$
5,216,630

 
Year Ended December 31, 2018
(In thousands)
Real Property Business
 
Golf Course Business
 
VICI Consolidated
Revenues (1)
$
870,776

 
$
27,201

 
$
897,977

Operating income
751,803

 
6,151

 
757,954

Interest expense
(212,663
)
 
—

 
(212,663
)
Loss on extinguishment of debt
(23,040
)
 
—

 
(23,040
)
Income before income taxes
527,407

 
6,151

 
533,558

Income tax expense
—

 
(1,441
)
 
(1,441
)
Net income
527,407

 
4,710

 
532,117

 
 
 
 
 
 
Depreciation
7

 
3,679

 
3,686

 
 
 
 
 
 
Total assets
$
11,247,637

 
$
85,731

 
$
11,333,368

Total liabilities
$
4,424,861

 
$
7,485

 
$
4,432,346


 
Period from October 6, 2017
to December 31, 2017
(In thousands)
Real Property Business
 
Golf Course Business
 
VICI Consolidated
Revenues (1)
$
181,258

 
$
6,351

 
$
187,609

Operating income
142,722

 
1,474

 
144,196

Interest expense
(63,354
)
 
—

 
(63,354
)
Loss on extinguishment of debt
(38,488
)
 
—

 
(38,488
)
Income before income taxes
41,162

 
1,474

 
42,636

Income tax expense
—

 
1,901

 
1,901

Net income
41,162

 
3,375

 
44,537

 
 
 
 
 
 
Depreciation
—

 
751

 
751

____________________
(1)
Upon the adoption of ASC 842 on January 1, 2019, we ceased recording tenant reimbursement of property taxes as these taxes are paid directly by our tenants to the applicable government entity.