Information Concerning Guarantor and Non-Guarantor Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Balance Sheet

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2014

(in thousands)	Parent Guarantor			Issuer			Guarantors		Non- Guarantors			Eliminations			Consolidated
ASSETS:
Property and equipment, net of accumulated depreciation	$	6,574		$	—		$	1,691,996	$	337,691		$	—		$	2,036,261
Cash and cash equivalents - unrestricted		392			1,001			36		74,979			—			76,408
Cash and cash equivalents - restricted		—			—			—		17,410			—			17,410
Notes receivable		—			—			—		149,612			—			149,612
Trade receivables, less allowance		—			—			—		45,188			—			45,188
Deferred financing costs		—			21,646			—		—			—			21,646
Prepaid expenses and other assets		16,908			33			75,335		50,713			(76,368	)		66,621
Intercompany receivables, net		—			219,772			1,073,805		—			(1,293,577	)		—
Investments		1,587,425			2,767,163			526,645		695,896			(5,577,129	)		—
Total assets	$	1,611,299		$	3,009,615		$	3,367,817	$	1,371,489		$	(6,947,074	)	$	2,413,146
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Debt and capital lease obligations	$	—		$	1,340,500		$	—	$	1,055		$	—		$	1,341,555
Accounts payable and accrued liabilities		36			7,248			216		235,999			(76,651	)		166,848
Deferred income tax liabilities, net		7,258			—			616		6,410			—			14,284
Deferred management rights proceeds		—			—			—		183,423			—			183,423
Dividends payable		29,133			—			—		—			—			29,133
Derivative liabilities		134,477			—			—		—			—			134,477
Other liabilities		—			—			79,382		62,354			283			142,019
Intercompany payables, net		1,038,988			—			—		254,589			(1,293,577	)		—
Commitments and contingencies
Stockholders’ equity:
Preferred stock		—			—			—		—			—			—
Common stock		510			1			1		2,387			(2,389	)		510
Additional paid-in-capital		882,193			1,741,705			2,803,719		1,183,941			(5,729,365	)		882,193
Treasury stock		(8,002	)		—			—		—			—			(8,002	)
Accumulated deficit		(446,963	)		(79,839	)		483,883		(532,338	)		128,294			(446,963	)
Accumulated other comprehensive loss		(26,331	)		—			—		(26,331	)		26,331			(26,331	)
Total stockholders’ equity		401,407			1,661,867			3,287,603		627,659			(5,577,129	)		401,407
Total liabilities and stockholders’ equity	$	1,611,299		$	3,009,615		$	3,367,817	$	1,371,489		$	(6,947,074	)	$	2,413,146

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 31, 2013

(in thousands)	Parent Guarantor			Issuer			Guarantors		Non- 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		1,727,143			2,767,163			526,644		436,828			(5,457,778	)		—
Total assets	$	1,817,327		$	2,787,186		$	3,203,639	$	1,264,857		$	(6,648,380	)	$	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		(454,770	)		(34,093	)		309,363		(540,127	)		264,857			(454,770	)
Accumulated other comprehensive loss		(9,119	)		—			—		(9,119	)		9,119			(9,119	)
Total stockholders’ equity		757,695			1,707,612			3,112,987		637,179			(5,457,778	)		757,695
Total liabilities and stockholders’ equity	$	1,817,327		$	2,787,186		$	3,203,639	$	1,264,857		$	(6,648,380	)	$	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 Year Ended December 31, 2014

(in thousands)	Parent Guarantor			Issuer			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Rooms	$	—		$	—		$	—		$	384,185		$	—		$	384,185
Food and beverage		—			—			—			412,061			—			412,061
Other hotel revenue		—			—			286,816			176,617			(305,513	)		157,920
Opry and Attractions		331			—			—			87,433			(939	)		86,825
Total revenues		331			—			286,816			1,060,296			(306,452	)		1,040,991
Operating expenses:
Rooms		—			—			—			116,103			—			116,103
Food and beverage		—			—			—			248,358			—			248,358
Other hotel expenses		—			—			44,160			550,892			(287,455	)		307,597
Management fees		—			—			—			16,151			—			16,151
Total hotel operating expenses		—			—			44,160			931,504			(287,455	)		688,209
Opry and Attractions		—			—			—			59,747			68			59,815
Corporate		97			1,189			2			26,285			—			27,573
Corporate overhead allocation		10,561			—			8,504			—			(19,065	)		—
Preopening costs		—			—			—			11			—			11
Depreciation and amortization		84			—			59,420			52,774			—			112,278
Total operating expenses		10,742			1,189			112,086			1,070,321			(306,452	)		887,886
Operating income (loss)		(10,411	)		(1,189	)		174,730			(10,025	)		—			153,105
Interest expense, net of amounts capitalized		(16,918	)		(44,555	)		—			26			—			(61,447	)
Interest income		—			—			—			12,075			—			12,075
Loss on extinguishment of debt		(2,148	)		—			—			—			—			(2,148	)
Other gains and (losses), net		21,892			—			—			1,523			—			23,415
Income (loss) before income taxes and discontinued operations		(7,585	)		(45,744	)		174,730			3,599			—			125,000
(Provision) benefit for income taxes		(2,526	)		(2	)		(210	)		4,205			—			1,467
Equity in subsidiaries’ earnings, net		136,563			—			—			—			(136,563	)		—
Income (loss) from continuing operations		126,452			(45,746	)		174,520			7,804			(136,563	)		126,467
Loss from discontinued operations, net of taxes		—			—			—			(15	)		—			(15	)
Net income (loss)	$	126,452		$	(45,746	)	$	174,520		$	7,789		$	(136,563	)	$	126,452
Comprehensive income (loss)	$	109,240		$	(45,746	)	$	174,520		$	(9,423	)	$	(119,351	)	$	109,240

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

AND COMPREHENSIVE INCOME

For the Year Ended December 31, 2013

(in thousands)	Parent Guarantor			Issuer			Guarantors		Non- Guarantors			Eliminations			Consolidated
Revenues:
Rooms	$	—		$	—		$	—	$	357,313		$	—		$	357,313
Food and beverage		—			—			—		382,340			—			382,340
Other hotel revenue		—			—			266,971		152,802			(280,917	)		138,856
Opry and Attractions		—			—			—		76,805			(752	)		76,053
Total revenues		—			—			266,971		969,260			(281,669	)		954,562
Operating expenses:
Rooms		—			—			—		106,849			—			106,849
Food and beverage		—			—			—		237,153			—			237,153
Other hotel expenses		—			—			44,589		517,933			(267,370	)		295,152
Management fees		—			—			—		14,652			—			14,652
Total hotel operating expenses		—			—			44,589		876,587			(267,370	)		653,806
Opry and Attractions		—			—			—		56,662			(134	)		56,528
Corporate		12			1,751			—		24,529			—			26,292
Corporate overhead allocation		8,766			—			5,399		—			(14,165	)		—
REIT conversion costs		—			—			—		22,190			—			22,190
Casualty loss		—			—			—		54			—			54
Impairment and other charges (non-REIT conversion costs)		—			—			2,537		439			—			2,976
Depreciation and amortization		—			—			59,539		56,989			—			116,528
Total operating expenses		8,778			1,751			112,064		1,037,450			(281,669	)		878,374
Operating income (loss)		(8,778	)		(1,751	)		154,907		(68,190	)		—			76,188
Interest expense, net of amounts capitalized		(28,775	)		(32,092	)		—		(49	)		—			(60,916	)
Interest income		—			—			—		12,267			—			12,267
Income from unconsolidated companies		—			—			—		10			—			10
Loss on extinguishment of debt		(4,181	)		—			—		—			—			(4,181	)
Other gains and (losses), net		—			—			—		2,447			—			2,447
Income (loss) before income taxes and discontinued operations		(41,734	)		(33,843	)		154,907		(53,515	)		—			25,815
(Provision) benefit for income taxes		1,902			2,695			132,521		(44,456	)		—			92,662
Equity in subsidiaries’ earnings, net		158,184			—			—		—			(158,184	)		—
Income (loss) from continuing operations		118,352			(31,148	)		287,428		(97,971	)		(158,184	)		118,477
Loss from discontinued operations, net of taxes		—			—			—		(125	)		—			(125	)
Net income (loss)	$	118,352		$	(31,148	)	$	287,428	$	(98,096	)	$	(158,184	)	$	118,352
Comprehensive income (loss)	$	133,836		$	(31,148	)	$	287,428	$	(82,612	)	$	(173,668	)	$	133,836

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

AND COMPREHENSIVE INCOME

For the Year Ended December 31, 2012

(in thousands)	Parent Guarantor			Issuer			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Rooms	$	—		$	—		$	—		$	365,611		$	—		$	365,611
Food and beverage		—			—			—			401,252			—			401,252
Other hotel revenue		6,281			—			66,211			149,393			(72,707	)		149,178
Opry and Attractions		—			—			—			71,279			(726	)		70,553
Total revenues		6,281			—			66,211			987,535			(73,433	)		986,594
Operating expenses:
Rooms		—			—			—			96,900			—			96,900
Food and beverage		—			—			—			242,739			—			242,739
Other hotel expenses		—			—			11,504			370,241			(67,102	)		314,643
Management fees		—			—			—			4,207			—			4,207
Total hotel operating expenses		—			—			11,504			714,087			(67,102	)		658,489
Opry and Attractions		—			—			—			52,208			(78	)		52,130
Corporate		19,790			—			—			27,086			—			46,876
Corporate overhead allocation		—			—			—			6,253			(6,253	)		—
REIT conversion costs		42,303			—			—			59,661			—			101,964
Casualty loss		429			—			—			429			—			858
Preopening costs		22			—			—			318			—			340
Depreciation and amortization		2,377			—			9,960			118,354			—			130,691
Total operating expenses		64,921			—			21,464			978,396			(73,433	)		991,348
Operating income (loss)		(58,640	)		—			44,747			9,139			—			(4,754	)
Interest expense, net of amounts capitalized		(54,896	)		(4,584	)		(10,841	)		(110,821	)		122,560			(58,582	)
Interest income		100,455			—			2,609			31,803			(122,560	)		12,307
Income from unconsolidated companies		—			—			—			109			—			109
Other gains and (losses), net		20,000			—			—			2,251			—			22,251
Income (loss) before income taxes and discontinued operations		6,919			(4,584	)		36,515			(67,519	)		—			(28,669	)
(Provision) benefit for income taxes		(12,311	)		1,638			(14,580	)		27,287			—			2,034
Equity in subsidiaries’ losses, net		(21,252	)		—			—			—			21,252			—
Income (loss) from continuing operations		(26,644	)		(2,946	)		21,935			(40,232	)		21,252			(26,635	)
Loss from discontinued operations, net of taxes		—			—			—			(9	)		—			(9	)
Net income (loss)	$	(26,644	)	$	(2,946	)	$	21,935		$	(40,241	)	$	21,252		$	(26,644	)
Comprehensive income (loss)	$	(15,216	)	$	(2,946	)	$	21,935		$	(40,241	)	$	21,252		$	(15,216	)

Condensed Consolidating Statement of Cash Flows

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2014

(in thousands)	Parent Guarantor			Issuer			Guarantors			Non- Guarantors			Eliminations		Consolidated
Net cash provided by (used in) continuing operating activities	$	636,386		$	(466,285	)	$	(24	)	$	77,074		$	—	$	247,151
Net cash used in discontinued operating activities		—			—			—			(147	)		—		(147	)
Net cash provided by (used in) operating activities		636,386			(466,285	)		(24	)		76,927			—		247,004
Purchases of property and equipment		(6,659	)		—			60			(51,778	)		—		(58,377	)
Purchase of AC Hotel		—			—			—			(21,206	)		—		(21,206	)
Proceeds from sale of Peterson LOI		9,350			—			—			—			—		9,350
Decrease in restricted cash and cash equivalents		—			—			—			2,759			—		2,759
Other investing activities		—			—			—			8,012			—		8,012
Net cash provided by (used in) investing activities — continuing operations		2,691			—			60			(62,213	)		—		(59,462	)
Net cash used in investing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) investing activities		2,691			—			60			(62,213	)		—		(59,462	)
Net borrowings under credit facility		—			77,000			—			—			—		77,000
Net borrowing under term loan B		—			398,000			—			—			—		398,000
Repurchase and conversion of convertible notes		(358,710	)		—			—			—			—		(358,710	)
Repurchase of common stock warrants		(177,423	)		—			—			—			—		(177,423	)
Deferred financing costs paid		—			(8,428	)		—			—			—		(8,428	)
Payment of dividend		(109,414	)		—			—			—			—		(109,414	)
Proceeds from exercise of stock option and purchase plans		6,862			—			—			—			—		6,862
Other financing activities, net		—			—			—			(600	)		—		(600	)
Net cash provided by (used in) financing activities — continuing operations		(638,685	)		466,572			—			(600	)		—		(172,713	)
Net cash used in financing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) financing activities		(638,685	)		466,572			—			(600	)		—		(172,713	)
Net change in cash and cash equivalents		392			287			36			14,114			—		14,829
Cash and cash equivalents at beginning of period		—			714			—			60,865			—		61,579
Cash and cash equivalents at end of period	$	392		$	1,001		$	36		$	74,979		$	—	$	76,408

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2013

(in thousands)	Parent Guarantor			Issuer			Guarantors			Non- Guarantors			Eliminations		Consolidated
Net cash provided by (used in) continuing operating activities	$	422,624		$	(298,048	)	$	(2,164	)	$	15,193		$	—	$	137,605
Net cash provided by discontinued operating activities		—			—			—			94			—		94
Net cash provided by (used in) operating activities		422,624			(298,048	)		(2,164	)		15,287			—		137,699
Purchases of property and equipment		—			—			2,759			(39,718	)		—		(36,959	)
Collection of notes receivable		—			—			—			1,740			—		1,740
Increase in restricted cash and cash equivalents		—			—			—			(13,959	)		—		(13,959	)
Other investing activities		—			—			—			437			—		437
Net cash provided by (used in) investing activities — continuing operations		—			—			2,759			(51,500	)		—		(48,741	)
Net cash used in investing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) investing activities		—			—			2,759			(51,500	)		—		(48,741	)
Net repayments under credit facility		—			(35,500	)		—			—			—		(35,500	)
Issuance of senior notes		—			350,000			—			—			—		350,000
Early redemption of senior notes		(152,180	)		—			—			—			—		(152,180	)
Repurchase and conversion of convertible notes		(99,222	)		—			—			—					(99,222	)
Deferred financing costs paid		—			(15,738	)		—			—			—		(15,738	)
Repurchase of Company stock for retirement		(100,028	)		—			—			—			—		(100,028	)
Payment of dividend		(76,424	)		—			—			—			—		(76,424	)
Proceeds from exercise of stock option and purchase plans		5,223			—			—			—			—		5,223
Excess tax benefit from stock-based compensation		7			—			—			—			—		7
Other financing activities, net		—			—			—			(687	)		—		(687	)
Net cash provided by (used in) financing activities — continuing operations		(422,624	)		298,762			—			(687	)		—		(124,549	)
Net cash used in financing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) financing activities		(422,624	)		298,762			—			(687	)		—		(124,549	)
Net change in cash and cash equivalents		—			714			595			(36,900	)		—		(35,591	)
Cash and cash equivalents at beginning of period		—			—			(595	)		97,765			—		97,170
Cash and cash equivalents at end of period	$	—		$	714		$	—		$	60,865		$	—	$	61,579

RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2012

(in thousands)	Parent Guarantor			Issuer			Guarantors			Non- Guarantors			Eliminations		Consolidated
Net cash provided by (used in) continuing operating activities	$	67,789		$	120,000		$	(490	)	$	(10,905	)	$	—	$	176,394
Net cash provided by discontinued operating activities		—			—			—			76			—		76
Net cash provided by (used in) operating activities		67,789			120,000			(490	)		(10,829	)		—		176,470
Purchases of property and equipment		(7,362	)		—			(105	)		(87,766	)		—		(95,233	)
Sale of management rights and intellectual property		20,000			—			—			190,000			—		210,000
Collection of notes receivable		—			—			—			4,480			—		4,480
Increase in restricted cash and cash equivalents		—			—			—			(5,060	)		—		(5,060	)
Other investing activities		—			—			—			869			—		869
Net cash provided by (used in) investing activities — continuing operations		12,638			—			(105	)		102,523			—		115,056
Net cash used in investing activities — discontinued operations		—			—			—			—			—		—
Net cash provided by (used in) investing activities		12,638			—			(105	)		102,523			—		115,056
Net borrowings (repayments) under credit facility		65,000			(120,000	)		—			—			—		(55,000	)
Deferred financing costs paid		(376	)		—			—			—			—		(376	)
Proceeds from the issuance of common stock		32,722			—			—			—			—		32,722
Repurchase of Company stock for retirement		(185,400	)		—			—			—			—		(185,400	)
Payment of dividend		(62,007	)		—			—			—			—		(62,007	)
Proceeds from exercise of stock option and purchase plans		25,336			—			—			—			—		25,336
Excess tax benefit from stock-based compensation		6,736			—			—			—			—		6,736
Other financing activities, net		—			—			—			(755	)		—		(755	)
Net cash used in financing activities — continuing operations		(117,989	)		(120,000	)		—			(755	)		—		(238,744	)
Net cash used in financing activities — discontinued operations		—			—			—			—			—		—
Net cash used in financing activities		(117,989	)		(120,000	)		—			(755	)		—		(238,744	)
Net change in cash and cash equivalents		(37,562	)		—			(595	)		90,939			—		52,782
Cash and cash equivalents at beginning of period		37,562			—			—			6,826			—		44,388
Cash and cash equivalents at end of period	$	—		$	—		$	(595	)	$	97,765		$	—	$	97,170