Business Segments (Tables)

12 Months Ended

Dec. 31, 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.

	Year Ended December 31,
(Amounts in thousands)	2020		2019		2018
Net (loss) income	$	(382,092)	$	219,818	$	316,003
Interest expense, net		154,723		113,302		107,243
Income tax (benefit) expense		(140,967)		91,942		95,855
Depreciation and amortization		120,173		118,230		115,693
Corporate expenses (excluding stock-based compensation)		47,732		54,301		48,679
Stock-based compensation		19,530		13,274		(46,684)
Non-operating park level expense, net:
Loss on disposal of assets		7,689		2,162		1,879
Loss on debt extinguishment, net		6,106		6,484		—
Other expense, net		24,993		2,542		3,508
Park EBITDA	$	(142,113)	$	622,055	$	642,176

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

	Domestic		Foreign		Total
As of or for the year ended December 31, 2020
Long-lived assets	$	2,317,009	$	134,805	$	2,451,814
Revenues		334,713		21,862		356,575
Loss before income taxes		(487,594)		(35,464)		(523,059)
As of or for the year ended December 31, 2019
Long-lived assets	$	2,347,578	$	142,376	$	2,489,954
Revenues		1,370,367		117,216		1,487,583
Income before income taxes		297,752		14,008		311,760
As of or for the year ended December 31, 2018
Long-lived assets	$	2,160,970	$	101,359	$	2,262,329
Revenues		1,335,787		127,920		1,463,707
Income before income taxes		383,875		27,983		411,858