XML 13 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Cash flows provided by (used in) operating activities:      
Net income (loss) $ (2,376,000) $ 131,608,000 $ 76,417,000
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:      
Depreciation and amortization 122,657,000 81,789,000 74,443,000
Accretion of discounts 1,188,000 2,163,000 3,840,000
Amortization of discounts and debt issuance costs 19,562,000 15,485,000 7,192,000
Provision for (recovery of) losses on receivables 976,000 (5,937,000) (5,838,000)
Impairment of Mohegan Sun Pocono's goodwill 39,459,000 0 0
Deferred income taxes 637,000 0 0
Loss on modification and early extinguishment of debt 0 0 65,216,000
Share-based compensation 0 0 7,569,000
Other, net (888,000) 609,000 1,567,000
Changes in operating assets and liabilities, net of effect of the MGE Niagara Resorts acquisition:      
Accounts receivable (6,558,000) (4,859,000) (429,000)
Accrued interest on notes receivable related to the Cowlitz Project 71,579,000 (12,857,000) (10,496,000)
Inventories 461,000 (405,000) 360,000
Due from Ontario Lottery and Gaming Corporation (10,943,000) 0 0
Casino Operating and Services Agreement customer contract asset (53,191,000) 0 0
Other assets (3,646,000) (5,050,000) (2,559,000)
Trade payables 1,992,000 725,000 1,606,000
Accrued interest 387,000 391,000 13,515,000
Due to Ontario Lottery and Gaming Corporation 29,122,000 0 0
Other liabilities (10,019,000) 11,048,000 1,833,000
Net cash flows provided by operating activities 200,399,000 214,710,000 234,236,000
Cash flows used in investing activities:      
Purchases of property and equipment (77,613,000) (136,551,000) (85,499,000)
Acquisition of the MGE Niagara Resorts, net of cash acquired (72,287,000) 0 0
Proceeds from notes receivable related to the Cowlitz Project 32,026,000 0 0
Investments related to Project Inspire (18,601,000) 0 0
Other, net (7,105,000) (8,265,000) (17,735,000)
Net cash flows used in investing activities (143,580,000) (144,816,000) (103,234,000)
Cash flows provided by (used in) financing activities:      
Proceeds from line of credit 30,088,000 0 0
Proceeds from senior unsecured notes, net of discount 0 0 496,355,000
Other borrowings 11,335,000 42,264,000 14,700,000
Repayments of other long-term debt (9,419,000) (269,000) (34,851,000)
Payments on capital lease obligations (292,000) 0 (1,521,000)
Payments of distributions to affiliates (60,000,000) (60,000,000) (60,000,000)
Redemption of Mohegan Tribe membership interest in the Cowlitz Project (10,000,000) 0 0
Redemption of membership interest in Project Inspire 0 (106,702,000) 0
Payments of tender offer and repurchase costs 0 0 (50,308,000)
Payments of financing fees (3,263,000) (10,996,000) (25,811,000)
Other, net (1,527,000) (1,527,000) 0
Net cash flows provided by (used in) financing activities 2,041,000 (83,990,000) (175,133,000)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 58,860,000 (14,096,000) (44,131,000)
Effect of exchange rate on cash, cash equivalents, restricted cash and restricted cash equivalents (12,757,000) 9,666,000 (7,621,000)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 234,626,000 239,056,000 290,808,000
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of year 280,729,000 234,626,000 239,056,000
Cash and cash equivalents 130,138,000 103,944,000 88,953,000
Restricted cash and cash equivalents, current 4,960,000 1,036,000 899,000
Restricted cash and cash equivalents, non-current 145,631,000 129,646,000 149,204,000
Supplemental disclosures:      
Cash paid for interest 123,731,000 111,172,000 93,816,000
Non-cash transactions:      
MGE Niagara Resorts - recognition of build-to-suit and parking license assets and liabilities 95,534,000 0 0
Capital lease obligations incurred 29,986,000 0 0
Payment by third-party for interactive gaming and sports wagering licenses 18,000,000 0 0
Construction payables 11,888,000 10,747,000 24,496,000
Initial redemption liability 0 0 68,511,000
Conversion of redemption liability to redemption note payable 0 74,084,000 0
Ownership rights settlement related to Project Inspire 0 6,335,000 0
Senior Secured Credit Facility, Term Loan A and Term Loan B      
Cash flows provided by (used in) financing activities:      
Repayments of line of credit 0   (29,900,000)
Repayments of other long-term debt 0 0 (100,190,000)
Credit Facility | Prior Senior Secured Credit Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from line of credit 0 0 44,735,000
Repayments of line of credit 0 0 (57,735,000)
Credit Facility | Senior Secured Credit Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from line of credit 1,258,939,000 1,382,631,000 1,049,366,000
Repayments of line of credit (1,222,939,000) (1,316,631,000) (1,049,366,000)
Credit Facility | Senior Secured Credit Facility, Term Loan A and Term Loan B      
Cash flows provided by (used in) financing activities:      
Repayments of line of credit 0 0 (878,161,000)
Credit Facility | MGE Niagara Credit Facility      
Cash flows provided by (used in) financing activities:      
Proceeds from line of credit 75,220,000 0 0
Credit Facility | Senior Secured Credit Facility, New Term Loan A and New Term Loan B      
Cash flows provided by (used in) financing activities:      
Proceeds from line of credit 0 79,800,000 1,219,115,000
Repayments of line of credit (64,307,000) (86,064,000) (55,949,000)
Non-cash transactions:      
Senior secured credit facility reductions 13,295,000 18,858,000 0
Convertible Debenture | MGE Niagara Credit Facility      
Cash flows provided by (used in) financing activities:      
Repayments of line of credit (944,000) 0 0
2016 7 7/8% Senior Unsecured Notes      
Cash flows provided by (used in) financing activities:      
Repayments of other long-term debt 0 0 (685,000,000)
Mohegan Tribe      
Cash flows provided by (used in) financing activities:      
Payments of distributions to affiliates (730,000) (6,496,000) (512,000)
Salishan Company, LLC      
Cash flows provided by (used in) financing activities:      
Payments of distributions to affiliates $ (120,000) $ 0 $ 0