INFORMATION CONCERNING GUARANTOR AND NON-GUARANTOR SUBSIDIARIES (Tables)

3 Months Ended

Mar. 31, 2014

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2014

	Parent									Non-
(in thousands)	Guarantor			Issuer			Guarantors			Guarantors			Eliminations			Consolidated
ASSETS:
Property and equipment, net of accumulated depreciation	$	24		$	—		$	1,736,581		$	321,322		$	—		$	2,057,927
Cash and cash equivalents - unrestricted		—			6,144			—			49,273			—			55,417
Cash and cash equivalents - restricted		—			—			—			10,660			—			10,660
Notes receivable		—			—			—			147,928			—			147,928
Trade receivables, less allowance		—			—			—			67,155			—			67,155
Deferred financing costs		—			17,890			—			—			—			17,890
Prepaid expenses and other assets		—			—			128,486			51,126			(130,128	)		49,484
Intercompany receivables, net		67,202			—			696,113			55,105			(818,420	)		—
Investments		2,086,425			2,767,162			526,644			441,629			(5,821,860	)		—
Total assets	$	2,153,651		$	2,791,196		$	3,087,824		$	1,144,198		$	(6,770,408	)	$	2,406,461
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Debt and capital lease obligations	$	297,236		$	856,000		$	—		$	810		$	—		$	1,154,046
Accounts payable and accrued liabilities		(14	)		15,039			1,803			260,753			(130,411	)		147,170
Deferred income tax liabilities, net		6,627			(15	)		555			15,155			—			22,322
Deferred management rights proceeds		—			—			—			185,615			—			185,615
Dividends payable		28,412			—			—			—			—			28,412
Other liabilities		—			—			75,271			44,201			283			119,755
Intercompany payables, net		738,085			222,068			(141,733	)		—			(818,420	)		—
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—			—			—			—			—			—
Common stock		508			1			1			2,387			(2,389	)		508
Additional paid-in-capital		1,227,912			1,741,704			2,803,623			1,184,038			(5,729,365	)		1,227,912
Treasury stock		(8,002	)		—			—			—			—			(8,002	)
Accumulated deficit		(137,113	)		(43,601	)		348,304			(539,589	)		(90,106	)		(462,105	)
Accumulated other comprehensive loss		—			—			—			(9,172	)		—			(9,172	)
Total stockholders’ equity		1,083,305			1,698,104			3,151,928			637,664			(5,821,860	)		749,141
Total liabilities and stockholders’ equity	$	2,153,651		$	2,791,196		$	3,087,824		$	1,144,198		$	(6,770,408	)	$	2,406,461

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

	Parent								Non-
(in thousands)	Guarantor			Issuer			Guarantors		Guarantors			Eliminations			Consolidated
ASSETS:
Property and equipment, net of accumulated depreciation	$	—		$	—		$	1,751,479	$	316,518		$	—		$	2,067,997
Cash and cash equivalents - unrestricted		—			714			—		60,865			—			61,579
Cash and cash equivalents - restricted		—			—			—		20,169			—			20,169
Notes receivable		—			—			—		148,350			—			148,350
Trade receivables, less allowance		—			—			—		51,796			(14	)		51,782
Deferred financing costs		—			19,306			—		—			—			19,306
Prepaid expenses and other assets		—			3			227,608		58,267			(230,432	)		55,446
Intercompany receivables, net		90,184			—			697,908		172,064			(960,156	)		—
Investments		2,061,253			2,767,163			526,644		436,828			(5,791,888	)		—
Total assets	$	2,151,437		$	2,787,186		$	3,203,639	$	1,264,857		$	(6,982,490	)	$	2,424,629
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Debt and capital lease obligations	$	293,962		$	859,500		$	—	$	958		$	—		$	1,154,420
Accounts payable and accrued liabilities		(14	)		8,164			1,470		378,448			(230,729	)		157,339
Deferred income tax liabilities, net		6,528			(15	)		654		15,950			—			23,117
Deferred management rights proceeds		—			—			—		186,346			—			186,346
Dividends payable		25,780			—			—		—			—			25,780
Other liabilities		—			—			73,673		45,976			283			119,932
Intercompany payables, net		733,376			211,925			14,855		—			(960,156	)		—
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—			—			—		—			—			—
Common stock		505			1			1		2,387			(2,389	)		505
Additional paid-in-capital		1,228,845			1,741,704			2,803,623		1,184,038			(5,729,365	)		1,228,845
Treasury stock		(7,766	)		—			—		—			—			(7,766	)
Accumulated deficit		(129,779	)		(34,093	)		309,363		(540,127	)		(60,134	)		(454,770	)
Accumulated other comprehensive loss		—			—			—		(9,119	)		—			(9,119	)
Total stockholders’ equity		1,091,805			1,707,612			3,112,987		637,179			(5,791,888	)		757,695
Total liabilities and stockholders’ equity	$	2,151,437		$	2,787,186		$	3,203,639	$	1,264,857		$	(6,982,490	)	$	2,424,629

Condensed Consolidating Statement of Operations and Comprehensive Income

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2014

	Parent									Non-
(in thousands)	Guarantor			Issuer			Guarantors			Guarantors			Eliminations			Consolidated
Revenues:
Rooms	$	—		$	—		$	—		$	91,082		$	—		$	91,082
Food and beverage		—			—			—			110,071			—			110,071
Other hotel revenue		—			—			67,860			35,745			(72,555	)		31,050
Opry and Attractions		—			—			—			14,248			—			14,248
Total revenues		—			—			67,860			251,146			(72,555	)		246,451
Operating expenses:
Rooms		—			—			—			28,550			—			28,550
Food and beverage		—			—			—			63,182			—			63,182
Other hotel expenses		—			—			11,701			127,146			(67,817	)		71,030
Management fees		—			—			—			3,911			—			3,911
Total hotel operating expenses		—			—			11,701			222,789			(67,817	)		166,673
Opry and Attractions		—			—			—			12,271			—			12,271
Corporate		—			305			—			6,402			—			6,707
Corporate overhead allocation		2,818			—			1,920			—			(4,738	)		—
Depreciation and amortization		—			—			14,902			13,101			—			28,003
Total operating expenses		2,818			305			28,523			254,563			(72,555	)		213,654
Operating income (loss)		(2,818	)		(305	)		39,337			(3,417	)		—			32,797
Interest expense		(6,459	)		(9,203	)		—			(8	)		—			(15,670	)
Interest income		—			—			—			3,031			—			3,031
Income (loss) before income taxes and discontinued operations		(9,277	)		(9,508	)		39,337			(394	)		—			20,158
(Provision) benefit for income taxes		(40	)		—			(396	)		920			—			484
Equity in subsidiaries’ earnings, net		29,970			—			—			—			(29,970	)		—
Income (loss) from continuing operations		20,653			(9,508	)		38,941			526			(29,970	)		20,642
Income from discontinued operations, net of taxes		—			—			—			11			—			11
Net income (loss)	$	20,653		$	(9,508	)	$	38,941		$	537		$	(29,970	)	$	20,653
Comprehensive income (loss)	$	20,600		$	(9,508	)	$	38,941		$	484		$	(29,917	)	$	20,600

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

AND COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

	Parent								Non-
(in thousands)	Guarantor			Issuer			Guarantors		Guarantors			Eliminations			Consolidated
Revenues:
Rooms	$	—		$	—		$	—	$	85,509		$	—		$	85,509
Food and beverage		—			—			—		98,188			—			98,188
Other hotel revenue		—			—			69,679		30,588			(74,383	)		25,884
Opry and Attractions		—			—			—		12,532			—			12,532
Total revenues		—			—			69,679		226,817			(74,383	)		222,113
Operating expenses:
Rooms		—			—			—		25,087			—			25,087
Food and beverage		—			—			—		61,248			—			61,248
Other hotel expenses		—			—			12,431		127,445			(70,308	)		69,568
Management fees		—			—			—		3,469			—			3,469
Total hotel operating expenses		—			—			12,431		217,249			(70,308	)		159,372
Opry and Attractions		—			—			—		11,286			—			11,286
Corporate		—			847			—		5,819			—			6,666
Corporate overhead allocation		—			—			4,075		—			(4,075	)		—
REIT conversion costs		—			—			—		14,992			—			14,992
Casualty loss		—			—			—		32			—			32
Depreciation and amortization		—			—			14,950		17,059			—			32,009
Total operating expenses		—			847			31,456		266,437			(74,383	)		224,357
Operating income (loss)		—			(847	)		38,223		(39,620	)		—			(2,244	)
Interest expense		(8,369	)		(4,938	)		—		(16	)		—			(13,323	)
Interest income		—			—			—		3,051			—			3,051
Other gains and (losses), net		—			—			—		(6	)		—			(6	)
Income (loss) before income taxes and discontinued operations		(8,369	)		(5,785	)		38,223		(36,591	)		—			(12,522	)
(Provision) benefit for income taxes		(222	)		(2,028	)		143,139		(74,597	)		—			66,292
Equity in subsidiaries’ earnings, net		62,371			—			—		—			(62,371	)		—
Income (loss) from continuing operations		53,780			(7,813	)		181,362		(111,188	)		(62,371	)		53,770
Income from discontinued operations, net of taxes		—			—			—		10			—			10
Net income (loss)	$	53,780		$	(7,813	)	$	181,362	$	(111,178	)	$	(62,371	)	$	53,780
Comprehensive income (loss)	$	54,942		$	(7,813	)	$	181,362	$	(110,016	)	$	(63,533	)	$	54,942

Condensed Consolidating Statement of Cash Flows

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2014

	Parent									Non-
(in thousands)	Guarantor			Issuer			Guarantors			Guarantors			Eliminations		Consolidated
Net cash provided by (used in) continuing operating activities	$	24,395		$	8,930		$	3		$	(3,267	)	$	—	$	30,061
Net cash used in discontinued operating activities		—			—			—			(230	)		—		(230	)
Net cash provided by (used in) operating activities		24,395			8,930			3			(3,497	)		—		29,831
Purchases of property and equipment		(24	)		—			(3	)		(17,457	)		—		(17,484	)
Increase in restricted cash and cash equivalents		—			—			—			9,509			—		9,509
Net cash used in investing activities — continuing operations		(24	)		—			(3	)		(7,948	)		—		(7,975	)
Net cash used in investing activities — discontinued operations		—			—			—			—			—		—
Net cash used in investing activities		(24	)		—			(3	)		(7,948	)		—		(7,975	)
Net repayments under credit facility		—			(3,500	)		—			—			—		(3,500	)
Payment of dividend		(25,459	)		—			—			—			—		(25,459	)
Proceeds from exercise of stock option and purchase plans		1,078			—			—			—			—		1,078
Excess tax benefit from stock-based compensation		10			—			—			—			—		10
Other financing activities, net		—			—			—			(147	)		—		(147	)
Net cash used in financing activities — continuing operations		(24,371	)		(3,500	)		—			(147	)		—		(28,018	)
Net cash used in financing activities — discontinued operations		—			—			—			—			—		—
Net cash used in financing activities		(24,371	)		(3,500	)		—			(147	)		—		(28,018	)
Net change in cash and cash equivalents		—			5,430			—			(11,592	)		—		(6,162	)
Cash and cash equivalents at beginning of period		—			714						60,865			—		61,579
Cash and cash equivalents at end of period	$	—		$	6,144		$	—		$	49,273		$	—	$	55,417

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

	Parent									Non-
(in thousands)	Guarantor			Issuer			Guarantors			Guarantors			Eliminations		Consolidated
Net cash provided by (used in) continuing operating activities	$	203,389		$	(208,562	)	$	1,142		$	(42,880	)	$	—	$	(46,911	)
Net cash provided by discontinued operating activities		—			—			—			49			—		49
Net cash provided by operating activities		203,389			(208,562	)		1,142			(42,831	)		—		(46,862	)
Purchases of property and equipment		—			—			(547	)		(9,592	)		—		(10,139	)
(Increase) decrease in restricted cash and cash equivalents		—			—			—			(724	)		—		(724	)
Other investing activities		—			—			—			9			—		9
Net cash used in investing activities — continuing operations		—			—			(547	)		(10,307	)		—		(10,854	)
Net cash used in investing activities — discontinued operations		—			—			—			—			—		—
Net cash used in investing activities		—			—			(547	)		(10,307	)		—		(10,854	)
Net borrowings under credit facility		—			209,000			—			—			—		209,000
Early redemption of senior notes		(152,180	)		—			—			—			—		(152,180	)
Deferred financing costs paid		—			(22	)		—			—			—		(22	)
Repurchase of Company stock for retirement		(55,676	)		—			—			—			—		(55,676	)
Proceeds from exercise of stock option and purchase plans		4,255			—			—			—			—		4,255
Excess tax benefit from stock-based compensation		212			—			—			—			—		212
Other financing activities, net		—			—			—			(195	)		—		(195	)
Net cash provided by (used in) financing activities — continuing operations		(203,389	)		208,978			—			(195	)		—		5,394
Net cash used in financing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) financing activities		(203,389	)		208,978			—			(195	)		—		5,394
Net change in cash and cash equivalents		—			416			595			(53,333	)		—		(52,322	)
Cash and cash equivalents at beginning of period		—			—			(595	)		97,765			—		97,170
Cash and cash equivalents at end of period	$	—		$	416		$	—		$	44,432		$	—	$	44,848