XML 68 R116.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 16 - Condensed Consolidating Financial Information - Condensed Consolidating Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total revenues $ 833,131 $ 819,568 $ 846,132 $ 827,288 $ 791,623 $ 612,196 $ 616,793 $ 606,118 $ 3,326,119 $ 2,626,730 $ 2,400,819
Operating                 1,736,217   1,263,921
Selling, general and administrative                 459,583 369,313 362,037
Master lease rent expense                 97,723 20,682 0
Maintenance and utilities                 154,673 127,027 109,462
Depreciation and amortization                 276,569 229,979 217,522
Corporate expense                 105,139 104,201 88,148
Project development, preopening and writedowns                 21,728 45,698 14,454
Other operating items, net                 1,919 2,174 1,900
Intercompany expenses                 0 0 0
Total operating costs and expenses                 2,853,551 2,271,446 2,057,018
Equity in earnings (losses) of subsidiaries                 0 0 0
Operating income 114,859 113,391 126,692 117,626 94,684 69,568 96,258 94,774 472,568 355,284 343,801
Interest expense, net                 235,607 200,467 171,290
Loss on early extinguishments and modifications of debt                 34,949 61 1,582
Other, net                 (114) (276) (184)
Total other expense (income), net                 270,442 200,252 172,688
Income (loss) from continuing operations before income taxes                 202,126 155,032 171,113 [1]
Income tax provision                 (44,490) (40,331) (3,115)
Net income $ 24,296 $ 39,405 $ 48,484 $ 45,451 22,867 11,837 38,945 41,399 157,636 115,048 189,390
Comprehensive income (loss)                 158,171 113,853 189,823
Operating                   1,371,379  
Impairment of assets                 0 993 (426)
Income (loss) from continuing operations, net of tax                 157,636 114,701 167,998
Income from discontinued operations, net of tax         $ 0 $ 0 $ 347 $ 0 0 347 21,392
Consolidation, Eliminations [Member]                      
Total revenues                 (102,091) (102,179) (92,657)
Operating                 0   0
Selling, general and administrative                 0 (11) (42)
Master lease rent expense                 0 0  
Maintenance and utilities                 0 0 0
Depreciation and amortization                 0 0 0
Corporate expense                 0 0 0
Project development, preopening and writedowns                 0 0 0
Other operating items, net                 0 0 0
Intercompany expenses                 (102,091) (102,168) (92,615)
Total operating costs and expenses                 (102,091) (102,179) (92,657)
Equity in earnings (losses) of subsidiaries                 (437,979) (310,349) (329,337)
Operating income                 (437,979) (310,349) (329,337)
Interest expense, net                 0 0 0
Loss on early extinguishments and modifications of debt                 0 0 0
Other, net                 0 0 0
Total other expense (income), net                 0 0 0
Income (loss) from continuing operations before income taxes                 (437,979) (310,349) (329,337) [1]
Income tax provision                 0 0 0
Net income                 (437,979) (310,349) (329,337)
Comprehensive income (loss)                 (438,514) (309,154) (329,770)
Operating                   0  
Impairment of assets                   0 0
Income (loss) from continuing operations, net of tax                   (310,349) (329,337)
Income from discontinued operations, net of tax                   0 0
Parent Company [Member]                      
Net income                   114,701 167,998
Parent Company [Member] | Reportable Legal Entities [Member]                      
Total revenues                 84,144 83,508 73,292
Operating                 0   0
Selling, general and administrative                 0 13 44
Master lease rent expense                 0 0  
Maintenance and utilities                 0 0 0
Depreciation and amortization                 39,490 19,052 12,041
Corporate expense                 100,919 100,844 85,362
Project development, preopening and writedowns                 6,557 31,514 7,806
Other operating items, net                 1,895 58 725
Intercompany expenses                 203 203 1,204
Total operating costs and expenses                 149,064 152,677 107,782
Equity in earnings (losses) of subsidiaries                 438,736 311,701 330,711
Operating income                 373,816 242,532 296,221
Interest expense, net                 227,757 174,299 169,990
Loss on early extinguishments and modifications of debt                 34,949 61 1,582
Other, net                 513 161 (16)
Total other expense (income), net                 263,219 174,521 171,556
Income (loss) from continuing operations before income taxes                 110,597 68,011 124,665 [1]
Income tax provision                 47,039 47,037 64,725
Net income                 157,636 115,048 189,390
Comprehensive income (loss)                 158,171 113,853 189,823
Operating                   0  
Impairment of assets                   993 600
Income (loss) from continuing operations, net of tax                   115,048 189,390
Income from discontinued operations, net of tax                   0 0
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]                      
Total revenues                 3,258,013 2,579,317 2,377,514
Operating                 1,664,496   1,225,765
Selling, general and administrative                 449,422 360,089 354,423
Master lease rent expense                 97,723 20,682  
Maintenance and utilities                 153,324 125,667 108,092
Depreciation and amortization                 224,612 203,570 201,401
Corporate expense                 673 403 1,140
Project development, preopening and writedowns                 6,128 4,043 2,758
Other operating items, net                 24 2,116 1,175
Intercompany expenses                 101,888 101,965 91,411
Total operating costs and expenses                 2,698,290 2,132,358 1,986,166
Equity in earnings (losses) of subsidiaries                 (757) (1,352) (1,374)
Operating income                 558,966 445,607 389,974
Interest expense, net                 1,381 1,192 1,275
Loss on early extinguishments and modifications of debt                 0 0 0
Other, net                 (564) (371) (98)
Total other expense (income), net                 817 821 1,177
Income (loss) from continuing operations before income taxes                 558,149 444,786 388,797 [1]
Income tax provision                 (95,948) (97,358) (73,426)
Net income                 462,201 347,428 315,371
Comprehensive income (loss)                 462,736 346,233 315,804
Operating                   1,313,823  
Impairment of assets                   0 1
Income (loss) from continuing operations, net of tax                   347,428 315,371
Income from discontinued operations, net of tax                   0 0
Subsidiaries [Member]                      
Net income                   16,589 4,464
Subsidiaries [Member] | Reportable Legal Entities [Member]                      
Total revenues [1]                 0 0 0
Operating [1]                 0   0
Selling, general and administrative [1]                 0 0 0
Master lease rent expense                 0 [1] 0  
Maintenance and utilities [1]                 0 0 0
Depreciation and amortization [1]                 0 0 0
Corporate expense [1]                 0 0 0
Project development, preopening and writedowns [1]                 0 0 154
Other operating items, net [1]                 0 0 0
Intercompany expenses [1]                 0 0 0
Total operating costs and expenses [1]                 0 0 154
Equity in earnings (losses) of subsidiaries [1]                 0 0 0
Operating income [1]                 0 0 (154)
Interest expense, net [1]                 0 0 0
Loss on early extinguishments and modifications of debt [1]                 0 0 0
Other, net [1]                 0 0 0
Total other expense (income), net [1]                 0 0 0
Income (loss) from continuing operations before income taxes [1]                 0 0 (154)
Income tax provision [1]                 0 0 0
Net income [1]                 0 347 21,238
Comprehensive income (loss) [1]                 0 347 21,238
Operating [1]                   0  
Impairment of assets [1]                   0 0
Income (loss) from continuing operations, net of tax [1]                   0 (154)
Income from discontinued operations, net of tax [1]                   347 21,392
Non-Guarantor Subsidiaries, 100% Owned [Member] | Reportable Legal Entities [Member]                      
Total revenues                 86,053 66,084 42,670
Operating                 71,721   38,156
Selling, general and administrative                 10,161 9,222 7,612
Master lease rent expense                 0 0  
Maintenance and utilities                 1,349 1,360 1,370
Depreciation and amortization                 12,467 7,357 4,080
Corporate expense                 3,547 2,954 1,646
Project development, preopening and writedowns                 9,043 10,141 3,736
Other operating items, net                 0 0 0
Intercompany expenses                 0 0 0
Total operating costs and expenses                 108,288 88,590 55,573
Equity in earnings (losses) of subsidiaries                 0 0 0
Operating income                 (22,235) (22,506) (12,903)
Interest expense, net                 6,469 24,976 25
Loss on early extinguishments and modifications of debt                 0 0 0
Other, net                 (63) (66) (70)
Total other expense (income), net                 6,406 24,910 (45)
Income (loss) from continuing operations before income taxes                 (28,641) (47,416) (12,858) [1]
Income tax provision                 4,419 9,990 5,586
Net income                 (24,222) (37,426) (7,272)
Comprehensive income (loss)                 (24,222) (37,426) (7,272)
Operating                   57,556  
Impairment of assets                   0 (1,027)
Income (loss) from continuing operations, net of tax                   (37,426) (7,272)
Income from discontinued operations, net of tax                   0 0
Non-Guarantor Subsidiaries, Not 100% Owned [Member] | Reportable Legal Entities [Member]                      
Total revenues                 0 0 0
Operating                 0   0
Selling, general and administrative                 0 0 0
Master lease rent expense                 0 0  
Maintenance and utilities                 0 0 0
Depreciation and amortization                 0 0 0
Corporate expense                 0 0 0
Project development, preopening and writedowns                 0 0 0
Other operating items, net                 0 0 0
Intercompany expenses                 0 0 0
Total operating costs and expenses                 0 0 0
Equity in earnings (losses) of subsidiaries                 0 0 0
Operating income                 0 0 0
Interest expense, net                 0 0 0
Loss on early extinguishments and modifications of debt                 0 0 0
Other, net                 0 0 0
Total other expense (income), net                 0 0 0
Income (loss) from continuing operations before income taxes                 0 0 0 [1]
Income tax provision                 0 0 0
Net income                 0 0 0
Comprehensive income (loss)                 $ 0 0 0
Operating                   0  
Impairment of assets                   0 0
Income (loss) from continuing operations, net of tax                   0 0
Income from discontinued operations, net of tax                   $ 0 $ 0
[1] Subsidiary is a 100% owned guarantor of the 6.375% Notes and is a 100% owned non-guarantor of the 6.000% Notes and 4.750% Notes.