Note 16 - Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

	December 31, 2019
								Non-			Non-
								Guarantor			Guarantor
						Subsidiary		Subsidiaries			Subsidiaries
				Guarantor		(100%		(100%			(Not 100%
(In thousands)	Parent			Subsidiaries		Owned)*		Owned)			Owned)		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	3,007		$	231,866	$	—	$	15,104		$	—	$	—		$	249,977
Restricted cash		—			12,668		—		7,803			—		—			20,471
Other current assets		24,164			100,219		55		4,608			—		—			129,046
Property and equipment, net		159,139			2,411,456		—		101,958			—		—			2,672,553
Investments in subsidiaries		3,718,900			47,759		—		—			—		(3,766,659	)		—
Intercompany receivable		1,031,342			—		59,116		—			—		(1,090,458	)		—
Operating leases right-of-use assets		23,229			886,463		—		26,478			—		—			936,170
Other long-term assets		20,662			22,636		—		48,452			—		—			91,750
Intangible assets, net		—			1,390,954		—		75,937			—		—			1,466,891
Goodwill, net		—			1,051,968		—		31,319			—		—			1,083,287
Total assets	$	4,980,443		$	6,155,989	$	59,171	$	311,659		$	—	$	(4,857,117	)	$	6,650,145
Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	26,695		$	299	$	—	$	—		$	—	$	—		$	26,994
Other current liabilities		159,138			332,393		—		39,858			—		(1,490	)		529,899
Accumulated losses of subsidiaries in excess of investment		—			—		—		9,946			—		(9,946	)		—
Intercompany payable		—			104,697		—		984,298			—		(1,088,995	)		—
Long-term debt, net of current maturities and debt issuance costs		3,680,912			341		—		57,684			—		—			3,738,937
Operating lease liabilities, net of current portion		19,189			814,779		—		6,317			—		—			840,285
Other long-term liabilities		(170,733	)		420,775		900		(2,154	)		—		—			248,788
Total stockholders' equity (deficit)		1,265,242			4,482,705		58,271		(784,290	)		—		(3,756,686	)		1,265,242
Total liabilities and stockholders' equity	$	4,980,443		$	6,155,989	$	59,171	$	311,659		$	—	$	(4,857,117	)	$	6,650,145

	December 31, 2018
								Non-			Non-
								Guarantor			Guarantor
						Subsidiary		Subsidiaries			Subsidiaries
				Guarantor		(100%		(100%			(Not 100%
(In thousands)	Parent			Subsidiaries		Owned)*		Owned)			Owned)		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	8,697		$	226,200	$	—	$	14,520		$	—	$	—		$	249,417
Restricted cash		—			13,703		—		10,082			—		—			23,785
Other current assets		15,636			108,069		191		2,844			—		(191	)		126,549
Property and equipment, net		117,642			2,505,987		—		92,435			—		—			2,716,064
Investments in subsidiaries		6,381,321			—		—		3,861			—		(6,385,182	)		—
Intercompany receivable		—			2,106,566		374,108		—			—		(2,480,674	)		—
Other long-term assets		33,513			30,002		—		48,237			—		—			111,752
Intangible assets, net		—			1,386,868		—		79,802			—		—			1,466,670
Goodwill, net		—			1,029,628		—		32,474			—		—			1,062,102
Total assets	$	6,556,809		$	7,407,023	$	374,299	$	284,255		$	—	$	(8,866,047	)	$	5,756,339
Liabilities and Stockholders' Equity
Current maturities of long-term debt	$	23,895		$	286	$	—	$	—		$	—	$	—		$	24,181
Other current liabilities		160,262			267,250		—		17,679			—		329			445,520
Accumulated losses of subsidiaries in excess of investment		—			9,459		—		—			—		(9,459	)		—
Intercompany payable		1,509,857			—		—		971,060			—		(2,480,917	)		—
Long-term debt, net of current maturities and debt issuance costs		3,896,699			736		—		57,684			—		—			3,955,119
Other long-term liabilities		(179,645	)		382,148		900		(17,625	)		—		—			185,778
Total stockholders' equity (deficit)		1,145,741			6,747,144		373,399		(744,543	)		—		(6,376,000	)		1,145,741
Total liabilities and stockholders' equity	$	6,556,809		$	7,407,023	$	374,299	$	284,255		$	—	$	(8,866,047	)	$	5,756,339

Condensed Income Statement [Table Text Block]

	Year Ended December 31, 2019
								Non-			Non-
								Guarantor			Guarantor
						Subsidiary		Subsidiaries			Subsidiaries
			Guarantor			(100%		(100%			(Not 100%
(In thousands)	Parent		Subsidiaries			Owned)*		Owned)			Owned)		Eliminations			Consolidated
Total revenues	$	84,144	$	3,258,013		$	—	$	86,053		$	—	$	(102,091	)	$	3,326,119
Operating costs and expenses
Operating		—		1,664,496			—		71,721			—		—			1,736,217
Selling, general and administrative		—		449,422			—		10,161			—		—			459,583
Master lease rent expense		—		97,723			—		—			—		—			97,723
Maintenance and utilities		—		153,324			—		1,349			—		—			154,673
Depreciation and amortization		39,490		224,612			—		12,467			—		—			276,569
Corporate expense		100,919		673			—		3,547			—		—			105,139
Project development, preopening and writedowns		6,557		6,128			—		9,043			—		—			21,728
Other operating items, net		1,895		24			—		—			—		—			1,919
Intercompany expenses		203		101,888			—		—			—		(102,091	)		—
Total operating costs and expenses		149,064		2,698,290			—		108,288			—		(102,091	)		2,853,551
Equity in earnings (losses) of subsidiaries		438,736		(757	)		—		—			—		(437,979	)		—
Operating income (loss)		373,816		558,966			—		(22,235	)		—		(437,979	)		472,568
Other expense (income)
Interest expense, net		227,757		1,381			—		6,469			—		—			235,607
Loss on early extinguishments and modifications of debt		34,949		—			—		—			—		—			34,949
Other, net		513		(564	)		—		(63	)		—		—			(114	)
Total other expense (income), net		263,219		817			—		6,406			—		—			270,442
Income (loss) from continuing operations before income taxes		110,597		558,149			—		(28,641	)		—		(437,979	)		202,126
Income tax benefit (provision)		47,039		(95,948	)		—		4,419			—		—			(44,490	)
Net income (loss)	$	157,636	$	462,201		$	—	$	(24,222	)	$	—	$	(437,979	)	$	157,636
Comprehensive income (loss)	$	158,171	$	462,736		$	—	$	(24,222	)	$	—	$	(438,514	)	$	158,171

	Year Ended December 31, 2018
								Non-			Non-
								Guarantor			Guarantor
						Subsidiary		Subsidiaries			Subsidiaries
			Guarantor			(100%		(100%			(Not 100%
(In thousands)	Parent		Subsidiaries			Owned)*		Owned)			Owned)		Eliminations			Consolidated
Total revenues	$	83,508	$	2,579,317		$	—	$	66,084		$	—	$	(102,179	)	$	2,626,730
Operating costs and expenses
Operating		—		1,313,823			—		57,556			—		—			1,371,379
Selling, general and administrative		13		360,089			—		9,222			—		(11	)		369,313
Master lease rent expense		—		20,682			—		—			—		—			20,682
Maintenance and utilities		—		125,667			—		1,360			—		—			127,027
Depreciation and amortization		19,052		203,570			—		7,357			—		—			229,979
Corporate expense		100,844		403			—		2,954			—		—			104,201
Project development, preopening and writedowns		31,514		4,043			—		10,141			—		—			45,698
Impairment of assets		993		—			—		—			—		—			993
Other operating items, net		58		2,116			—		—			—		—			2,174
Intercompany expenses		203		101,965			—		—			—		(102,168	)		—
Total operating costs and expenses		152,677		2,132,358			—		88,590			—		(102,179	)		2,271,446
Equity in earnings (losses) of subsidiaries		311,701		(1,352	)		—		—			—		(310,349	)		—
Operating income (loss)		242,532		445,607			—		(22,506	)		—		(310,349	)		355,284
Other expense (income)
Interest expense, net		174,299		1,192			—		24,976			—		—			200,467
Loss on early extinguishments and modifications of debt		61		—			—		—			—		—			61
Other, net		161		(371	)		—		(66	)		—		—			(276	)
Total other expense (income), net		174,521		821			—		24,910			—		—			200,252
Income (loss) from continuing operations before income taxes		68,011		444,786			—		(47,416	)		—		(310,349	)		155,032
Income tax benefit (provision)		47,037		(97,358	)		—		9,990			—		—			(40,331	)
Income (loss) from continuing operations, net of tax		115,048		347,428			—		(37,426	)		—		(310,349	)		114,701
Income (loss) from discontinued operations, net of tax		—		—			347		—			—		—			347
Net income (loss)	$	115,048	$	347,428		$	347	$	(37,426	)	$	—	$	(310,349	)	$	115,048
Comprehensive income (loss)	$	113,853	$	346,233		$	347	$	(37,426	)	$	—	$	(309,154	)	$	113,853

	Year Ended December 31, 2017
										Non-			Non-
										Guarantor			Guarantor
							Subsidiary			Subsidiaries			Subsidiaries
				Guarantor			(100%			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)*			Owned)			Owned)		Eliminations			Consolidated
Total revenues	$	73,292		$	2,377,514		$	—		$	42,670		$	—	$	(92,657	)	$	2,400,819
Operating costs and expenses
Operating		—			1,225,765			—			38,156			—		—			1,263,921
Selling, general and administrative		44			354,423			—			7,612			—		(42	)		362,037
Maintenance and utilities		—			108,092			—			1,370			—		—			109,462
Depreciation and amortization		12,041			201,401			—			4,080			—		—			217,522
Corporate expense		85,362			1,140			—			1,646			—		—			88,148
Project development, preopening and writedowns		7,806			2,758			154			3,736			—		—			14,454
Impairment of assets		600			1			—			(1,027	)		—		—			(426	)
Other operating items, net		725			1,175			—			—			—		—			1,900
Intercompany expenses		1,204			91,411			—			—			—		(92,615	)		—
Total operating costs and expenses		107,782			1,986,166			154			55,573			—		(92,657	)		2,057,018
Equity in earnings (losses) of subsidiaries		330,711			(1,374	)		—			—			—		(329,337	)		—
Operating income (loss)		296,221			389,974			(154	)		(12,903	)		—		(329,337	)		343,801
Other expense (income)
Interest expense, net		169,990			1,275			—			25			—		—			171,290
Loss on early extinguishments and modifications of debt		1,582			—			—			—			—		—			1,582
Other, net		(16	)		(98	)		—			(70	)		—		—			(184	)
Total other expense (income), net		171,556			1,177			—			(45	)		—		—			172,688
Income (loss) from continuing operations before income taxes		124,665			388,797			(154	)		(12,858	)		—		(329,337	)		171,113
Income tax benefit (provision)		64,725			(73,426	)		—			5,586			—		—			(3,115	)
Income (loss) from continuing operations, net of tax		189,390			315,371			(154	)		(7,272	)		—		(329,337	)		167,998
Income (loss) from discontinued operations, net of tax		—			—			21,392			—			—		—			21,392
Net income (loss)	$	189,390		$	315,371		$	21,238		$	(7,272	)	$	—	$	(329,337	)	$	189,390
Comprehensive income (loss)	$	189,823		$	315,804		$	21,238		$	(7,272	)	$	—	$	(329,770	)	$	189,823

Condensed Cash Flow Statement [Table Text Block]

	Year Ended December 31, 2019
										Non-			Non-
										Guarantor			Guarantor
							Subsidiary			Subsidiaries			Subsidiaries
				Guarantor			(100%			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)*			Owned)			Owned)		Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	2,992,943		$	(2,114,670	)	$	(314,992	)	$	(12,583	)	$	—	$	(1,706	)	$	548,992
Cash flows from investing activities
Capital expenditures		(129,678	)		(76,274	)		—			(1,685	)		—		—			(207,637	)
Cash paid for acquisition, net of cash received		(5,535	)		—			—			—			—		—			(5,535	)
Net activity with affiliates		—			2,211,263			314,992			—			—		(2,526,255	)		—
Distributions from subsidiary		9,000			—			—			—			—		(9,000	)		—
Other investing activities		(11,471	)		(6,788	)		—			—			—		—			(18,259	)
Net cash from investing activities		(137,684	)		2,128,201			314,992			(1,685	)		—		(2,535,255	)		(231,431	)
Cash flows from financing activities
Borrowings under bank credit facility		1,666,329			—			—			—			—		—			1,666,329
Payments under bank credit facility		(2,132,024	)		—			—			—			—		—			(2,132,024	)
Proceeds from issuance of senior notes		1,000,000			—			—			—			—		—			1,000,000
Retirements of senior notes		(750,000	)		—			—			—			—		—			(750,000	)
Premium and consent fees		(25,785	)		—			—			—			—		—			(25,785	)
Debt financing costs, net		(15,500	)		—			—			—			—		—			(15,500	)
Net activity with affiliates		(2,541,199	)		—			—			13,238			—		2,527,961			—
Distributions to parent		—			(8,335	)		—			(665	)		—		9,000			—
Share-based compensation activities, net		(5,776	)		—			—			—			—		—			(5,776	)
Shares repurchased and retired		(28,045	)		—			—			—			—		—			(28,045	)
Dividends paid		(28,949	)		—			—			—			—		—			(28,949	)
Other financing activities		—			(565	)		—			—			—		—			(565	)
Net cash from financing activities		(2,860,949	)		(8,900	)		—			12,573			—		2,536,961			(320,315	)
Change in cash, cash equivalents and restricted cash		(5,690	)		4,631			—			(1,695	)		—		—			(2,754	)
Cash, cash equivalents and restricted cash, beginning of period		8,697			239,903			—			24,602			—		—			273,202
Cash, cash equivalents and restricted cash, end of period	$	3,007		$	244,534		$	—		$	22,907		$	—	$	—		$	270,448

	Year Ended December 31, 2018
										Non-			Non-
										Guarantor			Guarantor
							Subsidiary			Subsidiaries			Subsidiaries
				Guarantor			(100%			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)*			Owned)			Owned)		Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	(323,948	)	$	660,683		$	(92	)	$	97,640		$	—	$	244		$	434,527
Cash flows from investing activities
Capital expenditures		(95,576	)		(65,015	)		—			(953	)		—		—			(161,544	)
Cash paid for acquisition, net of cash received		(934,073	)		—			—			—			—		—			(934,073	)
Net activity with affiliates		—			(545,725	)		(390	)		—			—		546,115			—
Distributions from subsidiary		7,975			—			—			—			—		(7,975	)		—
Other investing activities		(13,860	)		(15,850	)		—			(10,000	)		—		—			(39,710	)
Net cash from investing activities		(1,035,534	)		(626,590	)		(390	)		(10,953	)		—		538,140			(1,135,327	)
Cash flows from financing activities
Borrowings under bank credit facility		1,114,600			—			—			—			—		—			1,114,600
Payments under bank credit facility		(964,322	)		—			—			—			—		—			(964,322	)
Proceeds from issuance of senior notes		700,000			—			—			—			—		—			700,000
Debt financing costs, net		(14,215	)		—			—			—			—		—			(14,215	)
Net activity with affiliates		621,413			—			—			(75,054	)		—		(546,359	)		—
Distributions to parent		—			(7,975	)					—			—		7,975			—
Share-based compensation activities, net		(5,344	)		—			—			—			—		—			(5,344	)
Shares repurchased and retired		(59,570	)		—			—			—			—		—			(59,570	)
Dividends paid		(24,730	)		—			—			—			—		—			(24,730	)
Other financing activities		—			(178	)		—			—			—		—			(178	)
Net cash from financing activities		1,367,832			(8,153	)		—			(75,054	)		—		(538,384	)		746,241
Cash Flows from Discontinued Operations
Cash flows from operating activities		—			—			—			—			—		—			—
Cash flows from investing activities		—			—			482			—			—		—			482
Cash flows from financing activities		—			—			—			—			—		—			—
Net cash provided by discontinued operations		—			—			482			—			—		—			482
Change in cash, cash equivalents and restricted cash		8,350			25,940			—			11,633			—		—			45,923
Cash, cash equivalents and restricted cash, beginning of period		347			213,963			—			12,969			—		—			227,279
Cash, cash equivalents and restricted cash, end of period	$	8,697		$	239,903		$	—		$	24,602		$	—	$	—		$	273,202

	Year Ended December 31, 2017
										Non-			Non-
										Guarantor			Guarantor
							Subsidiary			Subsidiaries			Subsidiaries
				Guarantor			(100%			(100%			(Not 100%
(In thousands)	Parent			Subsidiaries			Owned)*			Owned)			Owned)			Eliminations			Consolidated
Cash flows from operating activities
Net cash from operating activities	$	(82,632	)	$	532,515		$	(12,907	)	$	(15,628	)	$	254		$	949		$	422,551
Cash flows from investing activities
Capital expenditures		(102,277	)		(87,590	)		—			(597	)		—			—			(190,464	)
Cash paid for acquisition, net of cash received		(1,153	)		—			—			—			—			—			(1,153	)
Net activity with affiliates		—			(420,716	)		(22,826	)		—			—			443,542			—
Distributions from subsidiary		10,867			—			—			—			—			(10,867	)		—
Advances pursuant to development agreement		—			—			—			(35,108	)		—			—			(35,108	)
Other investing activities		—			706			—			—			—			—			706
Net cash from investing activities		(92,563	)		(507,600	)		(22,826	)		(35,705	)		—			432,675			(226,019	)
Cash flows from financing activities
Borrowings under bank credit facility		958,000			—			—			—			—			—			958,000
Payments under bank credit facility		(1,119,485	)		—			—			—			—			—			(1,119,485	)
Debt financing costs, net		(3,430	)		—			—			—			—			—			(3,430	)
Net activity with affiliates		389,579			—			—			55,166			(254	)		(444,491	)		—
Distributions to parent		—			(10,475	)					(392	)		—			10,867			—
Share-based compensation activities, net		(7,711	)		—			—			—			—			—			(7,711	)
Shares repurchased and retired		(31,927	)		—			—			—			—			—			(31,927	)
Dividends paid		(11,286	)		—			—			—			—			—			(11,286	)
Other financing activities		590			(87	)		—			—			—			—			503
Net cash from financing activities		174,330			(10,562	)		—			54,774			(254	)		(433,624	)		(215,336	)
Cash Flows from Discontinued Operations
Cash flows from operating activities		—			—			(514	)		—			—			—			(514	)
Cash flows from investing activities		—			—			36,247			—			—			—			36,247
Cash flows from financing activities		—			—			—			—			—			—			—
Net cash provided by discontinued operations		—			—			35,733			—			—			—			35,733
Change in cash, cash equivalents and restricted cash		(865	)		14,353			—			3,441			—			—			16,929
Cash, cash equivalents and restricted cash, beginning of period		1,212			199,610			—			9,528			—			—			210,350
Cash, cash equivalents and restricted cash, end of period	$	347		$	213,963		$	—		$	12,969		$	—		$	—		$	227,279