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VICI PROPERTIES INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Income from sales-type leases $ 326,735 $ 290,146
Income from lease financing receivables and loans 72,878 70,377
Other income 8,386 6,974
Golf revenues 8,626 6,813
Total revenues 416,625 374,310
Operating expenses    
General and administrative 9,466 8,085
Depreciation 776 792
Other expenses 8,386 6,974
Golf expenses 5,285 4,506
Change in allowance for credit losses 80,820 (4,380)
Transaction and acquisition expenses 755 8,721
Total operating expenses 105,488 24,698
Interest expense (68,142) (77,048)
Interest income 93 19
Income before income taxes 243,088 272,583
Income tax expense (400) (484)
Net income 242,688 272,099
Less: Net income attributable to non-controlling interest (2,305) (2,298)
Net income attributable to common stockholders $ 240,383 $ 269,801
Net income per common share    
Basic (in dollars per share) $ 0.35 $ 0.50
Diluted (in dollars per share) $ 0.35 $ 0.50
Weighted average number of shares of common stock outstanding    
Basic (in shares) 684,341,045 536,480,505
Diluted (in shares) 687,914,683 544,801,802
Other comprehensive income    
Net income attributable to common stockholders $ 240,383 $ 269,801
Unrealized gain on cash flow hedges 108,611 12,378
Comprehensive income attributable to common stockholders $ 348,994 $ 282,179