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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 438.4 $ 205.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78.7 77.9
Distributions from unconsolidated affiliates 117.9 77.7
Equity in income of unconsolidated affiliates (115.4) (103.0)
Stock-based compensation 23.5 20.4
Deferred income taxes 26.7 12.8
Asset impairments 4.9 11.2
Amortization of operating lease assets 3.9 4.3
Gain on sale of assets (274.6) 0.0
Other 5.8 5.9
Changes in operating assets and liabilities:    
Income taxes 127.3 23.8
Deferred revenue (34.6) (11.6)
Other assets and liabilities 22.0 65.8
Net cash provided by operating activities 424.5 391.0
Cash flows from investing activities:    
Capital maintenance expenditures (37.1) (22.3)
Capital project expenditures (226.6) (29.8)
Acquisition of businesses, net of cash acquired (81.7) 0.0
Acquisition of gaming rights, net of cash acquired (33.3) 0.0
Proceeds from Calder land sale 279.0 0.0
Other (7.3) (3.1)
Net cash used in investing activities (107.0) (55.2)
Cash flows from financing activities:    
Proceeds from borrowings under long-term debt obligations 1,220.0 780.8
Repayments of borrowings under long-term debt obligations (5.3) (429.2)
Payment of dividends (25.7) (24.8)
Repurchase of common stock (143.5) (242.4)
Taxes paid related to net share settlement of stock awards (13.2) (12.9)
Debt issuance costs (12.8) (6.9)
Change in bank overdraft (1.8) (13.4)
Other 2.4 2.3
Net cash provided by financing activities 1,020.1 53.5
Cash flows from discontinued operations:    
Operating activities of discontinued operations 0.0 (124.0)
Net increase in cash, cash equivalents and restricted cash 1,337.6 265.3
Cash, cash equivalents and restricted cash, beginning of period 355.6 121.0
Cash, cash equivalents and restricted cash, end of period 1,693.2 386.3
Supplemental disclosures of cash flow information:    
Cash paid for interest 66.4 56.8
Cash paid for income taxes 53.9 47.0
Cash received from income tax refunds 34.2 0.0
Schedule of non-cash operating, investing and financing activities:    
Deferred payment on gaming rights included in other liabilities 50.0 0.0
Property and equipment additions included in accounts payable and accrued expenses 45.0 6.6
Right-of-use assets obtained in exchange for lease obligations in operating leases 1.6 9.6
Right-of-use assets obtained in exchange for lease obligations in finance leases 6.2 2.1
Repurchase of common stock included in accrued expense and other current liabilities $ 2.0 $ 1.5