Financial Reporting By Business Segments (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Revenues:
Hospitality	$	390,602	$	257,853	$	1,053,515	$	463,343
Entertainment		77,153		49,053		183,579		98,599
Corporate and Other		—		—		—		—
Total	$	467,755	$	306,906	$	1,237,094	$	561,942
Depreciation and amortization:
Hospitality	$	42,517	$	52,020	$	146,804	$	151,655
Entertainment		5,249		3,506		13,293		10,728
Corporate and Other		203		567		615		1,698
Total	$	47,969	$	56,093	$	160,712	$	164,081
Operating income (loss):
Hospitality	$	88,901	$	24,716	$	205,142	$	(65,846)
Entertainment		17,756		12,080		38,737		10,074
Corporate and Other		(9,652)		(10,983)		(32,038)		(28,620)
Preopening costs		—		(118)		(525)		(734)
Gain (loss) on sale of assets		—		—		(469)		317
Total operating income (loss)		97,005		25,695		210,847		(84,809)
Interest expense		(40,092)		(32,413)		(105,987)		(93,056)
Interest income		1,378		1,433		4,138		4,254
Loss on extinguishment of debt		—		—		(1,547)		(2,949)
Loss from unconsolidated joint ventures		(2,720)		(2,312)		(8,348)		(5,831)
Other gains and (losses), net		2,058		53		2,222		254
Income (loss) before income taxes	$	57,629	$	(7,544)	$	101,325	$	(182,137)

	September 30,		December 31,
	2022		2021
Identifiable assets:
Hospitality	$	3,258,745	$	3,266,679
Entertainment		492,911		214,270
Corporate and Other		195,624		99,576
Total identifiable assets	$	3,947,280	$	3,580,525