Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 266,301	$ 252,574
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	268,822	249,769
Amortization of debt discounts, premiums and issuance costs	9,634	8,844
Loss on retirement of long-term debt	1,019	0
Provision for doubtful accounts	9,141	12,867
Stock-based compensation	16,110	15,960
Property transactions, net	5,898	1,696
Income from unconsolidated affiliates	(19,435)	(32,845)
Distributions from unconsolidated affiliates	4,550	4,250
Deferred income taxes	(89,746)	(9,255)
Change in operating assets and liabilities:
Accounts receivable	27,388	36,349
Inventories	(5,114)	(2,796)
Income taxes receivable and payable, net	900	66,696
Prepaid expenses and other	(26,712)	(40,899)
Prepaid Cotai land concession premium	1,722	(12,947)
Accounts payable and accrued liabilities	113,717	(140,452)
Other	(6,531)	(4,376)
Net cash provided by operating activities	577,664	405,435
Cash flows from investing activities
Capital expenditures, net of construction payable	(418,624)	(456,075)
Dispositions of property and equipment	225	180
Investments in unconsolidated affiliates	(2,503)	(3,500)
Other	(11,475)	(6,554)
Net cash used in investing activities	(432,377)	(465,949)
Cash flows from financing activities
Net borrowings under bank credit facilities – maturities of 90 days or less	380,035	107,480
Debt issuance costs	(4,544)	(4,905)
Dividends paid to common shareholders	(67,999)	(63,182)
Distributions to noncontrolling interest owners	(47,380)	(24,843)
Purchases of common stock	(362,400)	0
Retirement of debentures	(2,265)	0
Other	(12,497)	(4,084)
Net cash provided by (used in) financing activities	(117,050)	10,466
Effect of exchange rate on cash	(2,830)	(1,089)
Cash and cash equivalents
Net increase (decrease) for the period	25,407	(51,137)
Balance, beginning of period	1,499,995	1,446,581
Balance, end of period	1,525,402	1,395,444
Supplemental cash flow disclosures
Interest paid, net of amounts capitalized	168,404	212,147
Federal, state and foreign income taxes paid, net of refunds	$ 2,935	$ 2,560