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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Gaming $ 691,028 $ 654,591 $ 2,033,263 $ 1,974,618
Food, beverage, hotel and other 153,833 147,554 453,722 429,792
Management service and licensing fees 3,550 3,130 8,809 8,567
Reimbursable management costs 6,679 5,965 19,824 8,820
Revenues 855,090 811,240 2,515,618 2,421,797
Less promotional allowances (48,843) (45,643) (136,684) (130,327)
Net revenues 806,247 765,597 2,378,934 2,291,470
Operating expenses        
Gaming 350,847 336,669 1,028,056 1,011,187
Food, beverage, hotel and other 107,057 102,110 313,363 302,062
General and administrative 107,201 114,376 363,112 340,854
Reimbursable management costs 6,679 5,965 19,824 8,820
Depreciation and amortization 66,483 67,903 205,688 200,105
Impairment losses 24,317   29,952  
Insurance recoveries   (726)   (726)
Total operating expenses 662,584 626,297 1,959,995 1,862,302
Income from operations 143,663 139,300 418,939 429,168
Other income (expenses)        
Interest expense (118,236) (114,349) (350,000) (345,548)
Interest income 304 8,202 3,185 20,039
Income from unconsolidated affiliates 4,781 3,505 14,350 11,662
Loss on early extinguishment of debt     (23,390)  
Other (236) 404 (2,202) (1,978)
Total other expenses (113,387) (102,238) (358,057) (315,825)
Income from operations before income taxes 30,276 37,062 60,882 113,343
Income tax (benefit) provision (759,064) (9,473) (750,641) 9,065
Net income $ 789,340 $ 46,535 $ 811,523 $ 104,278
Earnings per common share:        
Basic earnings per common share (in dollars per share) $ 8.68 $ 0.52 $ 8.93 $ 1.16
Diluted earnings per common share (in dollars per share) $ 8.43 $ 0.51 $ 8.74 $ 1.14