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