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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 92,344 $ 99,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 210,073 118,949
Amortization of items charged to interest expense 3,826 3,143
Noncash operating lease expense 61,047 0
Change in fair value of contingent purchase price 5,757 1,337
Loss on sale of property and equipment 893 3
Income from unconsolidated affiliates (11,942) (11,095)
Return on investment from unconsolidated affiliates 13,500 13,300
Deferred income taxes 15,429 8,210
Stock-based compensation 6,664 5,932
Recoveries on loan loss and unfunded loan commitments, net of impairment losses 0 (16,367)
Loss on early extinguishment of debt 0 3,461
Changes in operating assets and liabilities, net of businesses acquired    
Accounts receivable 7,595 5,766
Prepaid expenses and other current assets (256) (5,081)
Other assets (1,497) (1,579)
Accounts payable 119 (2,014)
Accrued expenses (20,043) (32,058)
Income taxes 7,621 14,091
Operating lease liabilities (78,307) 0
Other current and noncurrent liabilities 2,371 1,636
Net cash provided by operating activities 315,194 207,059
Investing activities    
Project capital expenditures (12,010) (1,661)
Maintenance capital expenditures (83,020) (31,297)
Proceeds from sale of property and equipment 376 218
Proceeds from sale of loan 0 15,186
Consideration paid for acquisitions of businesses, net of cash acquired (1,359,466) (3,006)
Proceeds from sale-and-leaseback transactions in conjunction with acquisitions 961,127 0
Consideration paid for gaming licenses and other intangible assets (1,377) (58,230)
Other (250) (326)
Net cash used in investing activities (494,620) (79,116)
Financing activities    
Proceeds from revolving credit facility 340,000 54,000
Principal payments on long-term debt (23,336) (170,750)
Repayments on revolving credit facility (172,000) (54,000)
Payments of other long-term obligations (7,939) (7,636)
Principal payments on financing obligations (25,343) (32,766)
Principal payments on finance leases (2,941) 0
Proceeds from exercise of options 712 5,195
Repurchase of common stock (24,885) 0
Payments of contingent purchase price (367) (541)
Proceeds from insurance financing 13,797 8,541
Payments on insurance financing (10,474) (7,814)
Other (280) 0
Net cash provided by (used in) financing activities 86,944 (205,771)
Change in cash, cash equivalents, and restricted cash (92,482) (77,828)
Cash, cash equivalents and restricted cash at the beginning of the year 481,238 279,418
Cash, cash equivalents and restricted cash at the end of the period 388,756 201,590
Reconciliation of cash, cash equivalents and restricted cash:    
Total cash, cash equivalents and restricted cash 481,238 279,418
Supplemental disclosure:    
Cash paid for interest, net of amounts capitalized 265,624 230,023
Cash payments related to income taxes, net 4,500 6,507
Non-cash investing and financing activities:    
Commencement of operating leases 712,837 0
Commencement of finance leases 4,332 0
Accrued capital expenditures $ 3,636 $ 4,089