XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 2,158,136 $ 1,805,969 $ 939,373
Operating expenses:      
Total hotel operating expenses 1,225,465 1,037,675 620,921
Entertainment 223,663 188,545 117,753
Corporate 42,789 42,982 38,597
Preopening costs 1,308 532 737
(Gain) loss on sale of assets   469 (317)
Depreciation and amortization 211,227 208,616 220,357
Total operating expenses 1,704,452 1,478,819 998,048
Operating income (loss) 453,684 327,150 (58,675)
Interest expense (211,370) (148,406) (125,347)
Interest income 21,423 5,750 5,685
Loss on extinguishment of debt (2,252) (1,547) (2,949)
Loss from unconsolidated joint ventures (17,308) (10,967) (8,963)
Other gains and (losses), net 3,921 1,743 405
Income (loss) before income taxes 248,098 173,723 (189,844)
(Provision) benefit for income taxes 93,702 (38,775) (4,957)
Net income (loss) 341,800 134,948 (194,801)
Net (income) loss attributable to noncontrolling interest in consolidated joint venture (28,465) (5,032) 16,501
Net (income) loss attributable to noncontrolling interest in Operating Partnership (2,118) (923) 1,334
Net income (loss) available to common stockholders $ 311,217 $ 128,993 $ (176,966)
Basic income (loss) per share available to common stockholders $ 5.39 $ 2.34 $ (3.21)
Diluted income (loss) per share available to common stockholders $ 5.36 $ 2.33 $ (3.21)
Rooms [Member]      
Revenues:      
Total revenues $ 701,138 $ 595,544 $ 328,874
Operating expenses:      
Total hotel operating expenses 173,749 155,817 88,244
Food and Beverage [Member]      
Revenues:      
Total revenues 831,796 667,009 279,489
Operating expenses:      
Total hotel operating expenses 465,963 381,142 190,855
Hotel, Other [Member]      
Revenues:      
Total revenues 300,544 275,421 178,220
Operating expenses:      
Total hotel operating expenses 519,328 457,291 327,791
Management Service [Member]      
Operating expenses:      
Total hotel operating expenses 66,425 43,425 14,031
Entertainment Segment [Member]      
Revenues:      
Total revenues $ 324,658 $ 267,995 $ 152,790