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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 136.0 $ 135.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 316.4 175.8
Amortization of items charged to interest expense 5.7 4.6
Noncash operating lease expense 79.0 0.0
Change in fair value of contingent purchase price 7.0 1.7
Holding gain on equity securities (7.1) 0.0
Loss on sale or disposal of property and equipment 8.3 3.2
Income from unconsolidated affiliates (21.7) (16.8)
Return on investment from unconsolidated affiliates 22.0 21.6
Deferred income taxes 28.8 7.9
Stock-based compensation 10.4 8.8
Recoveries on loan loss and unfunded loan commitments, net of impairment losses 0.0 (16.4)
Reclassification of accumulated other comprehensive loss to earnings upon termination of management contract 0.0 1.5
Loss on early extinguishment of debt 0.0 3.8
Changes in operating assets and liabilities, net of businesses acquired    
Accounts receivable 23.6 11.2
Prepaid expenses and other current assets 12.5 (2.2)
Other assets (1.5) (8.7)
Accounts payable 8.1 (5.1)
Accrued expenses (20.3) (36.5)
Income taxes (4.5) 5.6
Operating lease liabilities (107.6) 0.0
Other current and noncurrent liabilities 24.1 4.7
Net cash provided by operating activities 519.2 300.2
Investing activities    
Project capital expenditures (18.2) (2.2)
Maintenance capital expenditures (118.5) (54.8)
Proceeds from sale of loan 0.0 15.2
Consideration paid for acquisitions of businesses, net of cash acquired (1,359.4) (2.9)
Proceeds from sale-and-leaseback transactions in conjunction with acquisitions 961.1 0.0
Acquisition of equity securities (5.1) 0.0
Additional contributions from joint venture 0.0 18.9
Consideration paid for gaming licenses and other intangible assets (1.5) (58.7)
Other (0.5) 0.4
Net cash used in investing activities (542.1) (84.1)
Financing activities    
Proceeds from revolving credit facility 395.0 89.0
Principal payments on long-term debt (35.0) (190.9)
Repayments on revolving credit facility (307.0) (89.0)
Payments of other long-term obligations (15.4) (14.8)
Principal payments on financing obligations (38.4) (48.3)
Principal payments on finance leases (4.6) 0.0
Proceeds from exercise of options 1.0 7.4
Repurchase of common stock (24.9) 0.0
Payments of contingent purchase price (3.8) (4.2)
Proceeds from insurance financing 14.3 8.6
Payments on insurance financing (14.8) (8.1)
Other (0.3) 0.0
Net cash used in financing activities (33.9) (250.3)
Change in cash, cash equivalents, and restricted cash (56.8) (34.2)
Cash, cash equivalents and restricted cash at the beginning of the year 481.2 279.4
Cash, cash equivalents and restricted cash at the end of the period 424.4 245.2
Reconciliation of cash, cash equivalents and restricted cash:    
Total cash, cash equivalents and restricted cash 481.2 279.4
Supplemental disclosure:    
Cash paid for interest, net of amounts capitalized 404.4 350.2
Cash payments related to income taxes, net 20.9 23.8
Non-cash investing and financing activities:    
Commencement of operating leases 713.3 0.0
Commencement of finance leases 4.3 0.0
Accrued capital expenditures 8.3 4.9
Acquisition of equity securities $ 16.1 $ 0.0