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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Total revenues $ 3,326,119 $ 2,626,730 $ 2,400,819
Operating costs and expenses      
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
Impairment of assets 0 993 (426)
Other operating items, net 1,919 2,174 1,900
Total operating costs and expenses 2,853,551 2,271,446 2,057,018
Operating income 472,568 355,284 343,801
Other expense (income)      
Interest income (1,858) (3,721) (1,818)
Interest expense, net of amounts capitalized (237,465) (204,188) (173,108)
Loss on early extinguishments and modifications of debt 34,949 61 1,582
Other, net (114) (276) (184)
Total other expense, net 270,442 200,252 172,688
Income before income taxes 202,126 155,032 171,113 [1]
Income tax provision (44,490) (40,331) (3,115)
Income from continuing operations, net of tax 157,636 114,701 167,998
Income from discontinued operations, net of tax 0 347 21,392
Net income $ 157,636 $ 115,048 $ 189,390
Basic net income per common share      
Continuing operations (in dollars per share) $ 1.39 $ 1.01 $ 1.46
Discontinued operations (in dollars per share) 0 0 0.19
Basic net income per common share (in dollars per share) $ 1.39 $ 1.01 $ 1.65
Weighted average basic shares outstanding (in shares) 113,474 114,401 114,957
Diluted net income per common share      
Continuing operations (in dollars per share) $ 1.38 $ 1.00 $ 1.45
Discontinued operations (in dollars per share) 0 0 0.19
Diluted net income per common share (in dollars per share) $ 1.38 $ 1.00 $ 1.64
Weighted average diluted shares outstanding (in shares) 113,947 115,071 115,628
Casino [Member]      
Revenues      
Total revenues $ 2,483,293 $ 1,925,424 $ 1,740,268
Operating costs and expenses      
Cost of Revenue 1,116,448 845,486 759,612
Food and Beverage [Member]      
Revenues      
Total revenues 447,853 367,888 346,379
Operating costs and expenses      
Cost of Revenue 412,949 347,624 335,506
Occupancy [Member]      
Revenues      
Total revenues 237,187 199,500 186,795
Operating costs and expenses      
Cost of Revenue 110,680 90,915 85,188
Product and Service, Other [Member]      
Revenues      
Total revenues 157,786 133,918 127,377
Operating costs and expenses      
Cost of Revenue $ 96,140 $ 87,354 $ 83,615
[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.