Financial Reporting By Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Financial Reporting By Business Segments

Segments' Internal Financial Reports

The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Revenues:
Hospitality	$	401,802	$	135,688	$	662,913	$	205,490
Entertainment		68,402		35,173		106,426		49,546
Corporate and Other		—		—		—		—
Total	$	470,204	$	170,861	$	769,339	$	255,036
Depreciation and amortization:
Hospitality	$	52,016	$	50,487	$	104,287	$	99,635
Entertainment		4,492		3,621		8,044		7,222
Corporate and Other		207		565		412		1,131
Total	$	56,715	$	54,673	$	112,743	$	107,988
Operating income (loss):
Hospitality	$	100,573	$	(27,100)	$	116,241	$	(90,562)
Entertainment		18,240		5,913		20,981		(2,006)
Corporate and Other		(12,624)		(9,543)		(22,386)		(17,637)
Preopening costs		(221)		(217)		(525)		(616)
Gain (loss) on sale of assets		—		—		(469)		317
Total operating income (loss)		105,968		(30,947)		113,842		(110,504)
Interest expense		(33,958)		(29,847)		(65,895)		(60,643)
Interest income		1,379		1,451		2,760		2,821
Loss on extinguishment of debt		(1,547)		—		(1,547)		(2,949)
Loss from unconsolidated joint ventures		(3,001)		(1,910)		(5,628)		(3,519)
Other gains and (losses), net		(283)		(173)		164		201
Income (loss) before income taxes	$	68,558	$	(61,426)	$	43,696	$	(174,593)

	June 30,		December 31,
	2022		2021
Identifiable assets:
Hospitality	$	3,218,334	$	3,266,679
Entertainment		480,250		214,270
Corporate and Other		166,116		99,576
Total identifiable assets	$	3,864,700	$	3,580,525