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Business Segments (Tables)
9 Months Ended
Sep. 30, 2020
Business Segments  
Schedule of segment financial information and a reconciliation of net income to Park EBITDA

The following table presents segment financial information and a reconciliation of net (loss) income to Park EBITDA. Park level expenses exclude all non-cash operating expenses, principally depreciation and amortization and all non-operating expenses.

Three Months Ended

Nine Months Ended

(Amounts in thousands)

September 30, 2020

    

September 30, 2019

    

September 30, 2020

    

September 30, 2019

Net (loss) income

 

$

(95,528)

$

200,209

 

$

(296,324)

 

$

230,973

Interest expense, net

 

38,392

 

28,336

 

116,596

 

86,256

Income tax (benefit) expense

 

(36,243)

 

61,626

 

(113,953)

 

70,644

Depreciation and amortization

 

28,785

 

30,685

 

88,883

 

89,033

Corporate expenses

 

9,576

 

10,060

 

34,971

 

39,984

Stock-based compensation

 

7,907

 

3,903

 

18,207

 

11,347

Non-operating park level expense, net:

Loss (gain) on disposal of assets

 

10,065

 

2,659

 

10,458

 

3,105

Loss on debt extinguishment, net

 

 

 

6,106

 

6,231

Other expense (income), net

 

13,470

 

231

 

19,282

 

(1,474)

Park EBITDA

 

$

(23,576)

$

337,709

 

$

(115,774)

 

$

536,099

Schedule of information reflecting long-lived assets, revenues and income before income taxes by domestic and foreign categories

    

Domestic

    

Foreign

    

Total

2020

(Amounts in thousands)

Long-lived assets

 

$

2,341,345

 

$

126,170

 

$

2,467,515

Revenues

 

231,254

 

16,719

 

247,973

Loss before income taxes

 

(385,764)

 

(24,513)

 

(410,277)

2019

Long-lived assets

 

$

2,347,577

 

$

142,377

 

$

2,489,954

Revenues

 

1,138,640

 

87,943

 

1,226,583

Income before income taxes

 

284,868

 

16,749

 

301,617