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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 93,514 $ 473,463 $ 109,310
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 268,990 267,062 271,214
Amortization of items charged to interest expense 6,419 6,960 7,200
Change in fair value of contingent purchase price 454 (6,840) 1,277
Loss (gain) on sale of property and equipment and assets held for sale 3,168 172 (2,471)
Income from unconsolidated affiliates (22,326) (18,671) (14,337)
Return on investment from unconsolidated affiliates 26,950 26,450 26,300
Deferred income taxes (26,680) (517,906) 8,736
Charge for stock-based compensation 12,034 7,780 6,871
Provision for loan loss and unfunded loan commitments to the JIVDC, net of recoveries, and impairment losses 17,921 107,810 0
Reclassification of accumulated other comprehensive loss to earnings upon termination of Casino Rama management contract 1,453 0 0
Loss on early extinguishment of debt 20,964 23,963 0
Changes in operating assets and liabilities, net of businesses acquired      
Accounts receivable (1,731) (9,186) (5,911)
Prepaid expenses and other current assets 13,288 (7,239) (485)
Other assets 1,530 2,383 (8,638)
Accounts payable (6,080) (342) (7,500)
Accrued expenses (29,358) 23,761 1,519
Accrued interest 2,226 7,183 (746)
Accrued salaries and wages 82 15,783 (6,721)
Gaming, pari-mutuel, property and other taxes (19,917) 8,495 3,379
Income taxes (3,316) 20,448 26,008
Other current and noncurrent liabilities (6,791) 46,283 (7,045)
Net cash provided by operating activities 352,794 477,812 407,960
Investing activities      
Project capital expenditures (2,872) (25,033) (18,740)
Maintenance capital expenditures (89,685) (74,228) (78,505)
Proceeds from sale of property and equipment and assets held for sale 390 1,013 18,210
Consideration paid for acquisitions of businesses, net of cash acquired (1,945,239) (127,666) (84,192)
Cash received for the sale of the Divested Properties and Belterra Park 661,654 0 0
Consideration paid for gaming licenses and other intangible assets (81,604) (1,652) (2,667)
Contributions from (to) joint ventures 18,892 (500) 0
Proceeds from the sale of loan to the JIVDC 15,186 0 0
Loans to the JIVDC (338) (845) (184,193)
Proceeds from notes receivable 512 8,226 30,000
Reimbursement of advances with the JIVDC 0 0 341,864
Funds advanced to the JIVDC in connection with their refinancing 0 0 (98,000)
Land purchased adjacent to Hollywood Casino Jamul - San Diego 0 (1,500) (3,065)
Other 0 577 0
Net cash used in investing activities (1,423,104) (221,608) (79,288)
Financing activities      
Proceeds from issuance of long-term debt 1,558,924 1,200,000 0
Proceeds from revolving credit facility 201,000 256,435 123,000
Principal payments on long-term debt (482,500) (1,127,483) (53,662)
Repayments on revolving credit facility (89,000) (447,435) (354,000)
Prepayment penalties and modification payments incurred with debt refinancing (11,251) (18,012) 0
Debt issuance costs and debt discount (27,329) (25,639) (253)
Payments of other long-term obligations (15,697) (35,453) (13,772)
Principal payments on financing obligations (67,412) (57,859) (50,548)
Proceeds from the sale of real estate assets in conjunction with acquisitions 250,000 82,600 0
Proceeds from exercise of options 7,379 10,447 11,601
Repurchase of common stock (50,046) (24,796) 0
Payments of contingent purchase price (4,108) (19,613) (1,807)
Proceeds from insurance financing 13,116 11,948 13,119
Payments on insurance financing (10,946) (12,180) (13,608)
Net cash provided by (used in) financing activities 1,272,130 (207,040) (339,930)
Change in cash, cash equivalents, and restricted cash 201,820 49,164 (11,258)
Cash, cash equivalents and restricted cash at the beginning of the year 279,418 230,254 241,512
Cash, cash equivalents and restricted cash at the end of the year 481,238 279,418 230,254
Supplemental disclosure:      
Cash paid for interest, net of amounts capitalized 530,359 452,779 452,842
Cash payments (refunds) related to income taxes, net 24,418 (43,067) (11,412)
Non-cash investing activities:      
Accrued capital expenditures 7,736 1,890 6,749
Accrued advances to Jamul Tribe 0 2,465 6,962
Reconciliation of cash, cash equivalents and restricted cash:      
Total cash, cash equivalents and restricted cash $ 279,418 $ 279,418 $ 241,512