XML 103 R92.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Information for Guarantor Subsidiaries and Non-Guarantor Subsidiaries (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Condensed Financial Statements                      
Net (loss) income $ (8,533) $ (4,124) $ 7,019 $ (6,932) $ (158,449) $ 8,704 $ (4,343) $ 4,887 $ (12,570) $ (149,201) $ (39,879)
Depreciation and amortization 30,701 27,994 29,004 30,904 59,749 27,284 27,078 27,655 118,603 141,766 151,784
Change in deferred income taxes                 (81) 124,143 15,196
Non-cash interest expense                 8,107 7,163 14,035
Gain or loss from asset disposal                     175
Undistributed earnings from equity investments                 5,776 (14,679) (27,300)
Stock-based compensation                 21,538 22,807 34,589
Loss (gain) on early extinguishment of debt           2,200     4,185 2,932 (4,829)
Restructuring and write-down of assets                   8,390 54,075
Changes in working capital and other                 25,520 27,252 22,231
Net cash provided by operating activities                 171,078 170,573 220,077
Cash flows from investing activities:                      
Capital and wagering systems expenditures                 (91,884) (72,278) (77,542)
Equity method investment                 (19,393) (203,795)  
Proceeds from sale of Racing Business                   35,942  
Business acquisitions, net of cash acquired                 (52,953) (12,493) (86,560)
Other assets and investments                 3,091 (34,961) (24,100)
Net cash used in investing activities                 (161,139) (287,585) (188,202)
Cash flows from financing activities:                      
Net proceeds/payments on long-term debt                 (7,806) 31,688 112,657
Excess tax benefit from equity-based compensation plans                 139 502 (1,236)
Payments of financing fees                 (14,620) (13,655) (15,647)
Net proceeds from stock issue                 (2,354) (1,995) 1,912
Purchase of teasury stock                   (26,335) (5,539)
Net cash (used in) provided by financing activities                 (24,641) (9,795) 92,147
Effect of exchange rate changes on cash                 (5,177) (9,043) 432
Increase (decrease) in cash and cash equivalents                 (19,879) (135,850) 124,454
Cash and cash equivalents, beginning of period       124,281       260,131 124,281 260,131 140,639
Cash and cash equivalents of held for sale operations                     (4,962)
Cash and cash equivalents, end of period 104,402       124,281       104,402 124,281 260,131
Parent Company
                     
Condensed Financial Statements                      
Net (loss) income                 (12,570) (149,201) (39,879)
Depreciation and amortization                 531 501 676
Change in deferred income taxes                 3,960 58,650 21,324
Equity in income of subsidiaries                 (55,351) (19,167) 795
Non-cash interest expense                 720 886 10,200
Stock-based compensation                 21,538 22,807 34,589
Loss (gain) on early extinguishment of debt                   2,260 (4,829)
Restructuring and write-down of assets                   3,532  
Changes in working capital and other                 10,125 6,223 (1,901)
Net cash provided by operating activities                 (31,047) (73,509) 20,975
Cash flows from investing activities:                      
Capital and wagering systems expenditures                 (2,110) (101) (18)
Investments in subsidiaries                   (57,163) (407)
Proceeds from sale of Racing Business                   35,942  
Other assets and investments                 2,683 28,936 10,375
Net cash used in investing activities                 573 7,614 9,950
Cash flows from financing activities:                      
Net proceeds/payments on long-term debt                   52,982 (267,598)
Excess tax benefit from equity-based compensation plans                   435 (1,305)
Payments of financing fees                 (122) (6,686) (926)
Net proceeds from stock issue                 (2,354) (1,995) 1,912
Purchase of teasury stock                   (26,335) (5,539)
Other, principally intercompany balances                 (4,925) (40,019) 326,803
Net cash (used in) provided by financing activities                 (7,401) (21,618) 53,347
Effect of exchange rate changes on cash                 (721) 2,930  
Increase (decrease) in cash and cash equivalents                 (38,596) (84,583) 84,272
Cash and cash equivalents, beginning of period       62,637       147,221 62,637 147,221 62,949
Cash and cash equivalents, end of period 24,041       62,637       24,041 62,637 147,221
SGI
                     
Condensed Financial Statements                      
Net (loss) income                 (18,595) (30,628) (46,845)
Depreciation and amortization                 29,854 53,696 60,669
Change in deferred income taxes                 4,301 17,963 3,645
Equity in income of subsidiaries                 (64,692) (81,454) (1,654)
Non-cash interest expense                 7,387 6,277 3,835
Undistributed earnings from equity investments                 22,918 (7,576) (21,712)
Loss (gain) on early extinguishment of debt                 4,185 672  
Restructuring and write-down of assets                   985  
Changes in working capital and other                 27,240 22,256 10,145
Net cash provided by operating activities                 12,598 (17,809) 8,083
Cash flows from investing activities:                      
Capital and wagering systems expenditures                 (37,044) (25,325) (25,452)
Investments in subsidiaries                 13,552 (59,609) (137,066)
Equity method investment                 (11,092) (3,817)  
Other assets and investments                 (75) (14,813) (8,645)
Net cash used in investing activities                 (34,659) (103,564) (171,163)
Cash flows from financing activities:                      
Net proceeds/payments on long-term debt                 (6,280) 31,135 339,227
Payments of financing fees                 (14,498) (6,969) (14,721)
Net proceeds from stock issue                   103,940 (3,075)
Other, principally intercompany balances                 44,298 (6,465) (158,418)
Net cash (used in) provided by financing activities                 23,520 121,641 163,013
Effect of exchange rate changes on cash                 (1,555) (253)  
Increase (decrease) in cash and cash equivalents                 (94) 15 (67)
Cash and cash equivalents, beginning of period       152       137 152 137 204
Cash and cash equivalents, end of period 58       152       58 152 137
Guarantor Subsidiaries
                     
Condensed Financial Statements                      
Net (loss) income                 63,940 85,186 68,975
Depreciation and amortization                 19,000 18,337 18,153
Change in deferred income taxes                 (9,320) (730) (9,320)
Undistributed earnings from equity investments                 1,581 (764)  
Changes in working capital and other                 (7,895) (2,783) (3,359)
Net cash provided by operating activities                 67,306 99,246 74,449
Cash flows from investing activities:                      
Capital and wagering systems expenditures                 (13,660) (4,357) (5,609)
Equity method investment                 (1,072) (343)  
Business acquisitions, net of cash acquired                   (6,556) (96)
Other assets and investments                 217 (13,338) (7,431)
Net cash used in investing activities                 (14,515) (24,594) (13,136)
Cash flows from financing activities:                      
Net proceeds from stock issue                 28 4,879 35,873
Other, principally intercompany balances                 (52,719) (80,531) (94,879)
Net cash (used in) provided by financing activities                 (52,691) (75,652) (59,006)
Increase (decrease) in cash and cash equivalents                 100 (1,000) 2,307
Cash and cash equivalents, beginning of period       2,278       (280) 2,278 (280) (2,587)
Cash and cash equivalents, end of period 2,378       2,278       2,378 2,278 (280)
Non-Guarantor Subsidiaries
                     
Condensed Financial Statements                      
Net (loss) income                 74,698 46,063 (21,271)
Depreciation and amortization                 69,218 69,232 72,286
Change in deferred income taxes                 978 48,260 (453)
Gain or loss from asset disposal                     175
Undistributed earnings from equity investments                 (21,828) (6,339) (5,588)
Restructuring and write-down of assets                   5,922 54,075
Changes in working capital and other                 (785) 1,527 17,367
Net cash provided by operating activities                 122,281 164,665 116,591
Cash flows from investing activities:                      
Capital and wagering systems expenditures                 (39,070) (42,495) (46,463)
Investments in subsidiaries                 (473,220) (160,938) (245,101)
Equity method investment                 (7,229) (199,635)  
Business acquisitions, net of cash acquired                 (52,953) (5,937) (86,464)
Other assets and investments                 266 (35,741) (18,399)
Net cash used in investing activities                 (572,206) (444,746) (396,427)
Cash flows from financing activities:                      
Net proceeds/payments on long-term debt                 (1,526) (52,429) 41,028
Excess tax benefit from equity-based compensation plans                 139 67 69
Net proceeds from stock issue                 459,393 166,844 349,777
Other, principally intercompany balances                 13,147 126,860 (74,458)
Net cash (used in) provided by financing activities                 471,153 241,342 316,416
Effect of exchange rate changes on cash                 (2,515) (11,543) 1,362
Increase (decrease) in cash and cash equivalents                 18,712 (50,282) 37,942
Cash and cash equivalents, beginning of period       59,214       113,053 59,214 113,053 80,073
Cash and cash equivalents of held for sale operations                     (4,962)
Cash and cash equivalents, end of period 77,926       59,214       77,926 59,214 113,053
Eliminating Entries
                     
Condensed Financial Statements                      
Net (loss) income                 (120,043) (100,621) (859)
Equity in income of subsidiaries                 120,043 100,621 859
Undistributed earnings from equity investments                 3,105    
Restructuring and write-down of assets                   (2,049)  
Changes in working capital and other                 (3,165) 29 (21)
Net cash provided by operating activities                 (60) (2,020) (21)
Cash flows from investing activities:                      
Investments in subsidiaries                 459,668 277,710 382,574
Other assets and investments                   (5)  
Net cash used in investing activities                 459,668 277,705 382,574
Cash flows from financing activities:                      
Net proceeds from stock issue                 (459,421) (275,663) (382,575)
Other, principally intercompany balances                 199 155 952
Net cash (used in) provided by financing activities                 (459,222) (275,508) (381,623)
Effect of exchange rate changes on cash                 $ (386) $ (177) $ (930)