XML 85 R73.htm IDEA: XBRL DOCUMENT v3.19.2
Supplementary Condensed Consolidating Financial Information of Parent Guarantor and Subsidiary Issuers (Cash Flow) (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating activities            
Net income $ 93,033,000 $ 93,010,000 $ 91,998,000 $ 96,772,000 $ 186,043,000 $ 188,770,000
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization         138,939,000 60,932,000
Amortization of debt issuance costs, bond premiums and original issuance discounts         5,790,000 6,296,000
Losses on dispositions of property         13,000 225,000
Deferred income taxes         (466,000) (117,000)
Stock-based compensation         8,508,000 4,603,000
Straight-line rent adjustments 8,643,000       17,287,000 33,233,000
Losses on debt extinguishment 0   3,473,000   0 3,473,000
Loan impairment charges 0   0   13,000,000 0
(Increase), decrease            
Prepaid expenses and other assets         (2,312,000) (1,123,000)
Intercompany         0 0
Increase, (decrease)            
Accounts payable         (2,340,000) (254,000)
Accrued expenses         1,305,000 157,000
Accrued interest         8,079,000 2,367,000
Accrued salaries and wages         (8,890,000) 6,607,000
Gaming, property and other taxes         (98,000) (119,000)
Income taxes         0 0
Other liabilities         (777,000) 572,000
Net cash provided by operating activities         364,081,000 305,622,000
Investing activities            
Capital project expenditures 0   (14,000)   0 (14,000)
Capital maintenance expenditures (1,017,000)   (1,162,000)   (1,547,000) (1,984,000)
Proceeds from sale of property and equipment         190,000 227,000
Collections of principal payments on investment in direct financing lease         0 29,239,000
Net cash (used in) provided by investing activities         (1,357,000) 27,468,000
Financing activities            
Dividends paid         (292,414,000) (269,537,000)
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options         (9,057,000) (2,905,000)
Proceeds from issuance of long-term debt         155,000,000 1,000,000,000
Financing costs         (236,000) (19,745,000)
Repayments of long-term debt         (217,061,000) (923,601,000)
Premium and related costs paid on tender of senior unsecured notes         0 (1,884,000)
Intercompany financing         0 0
Net cash used in financing activities         (363,768,000) (217,672,000)
Net (decrease) increase in cash and cash equivalents         (1,044,000) 115,418,000
Cash and cash equivalents at beginning of period   25,783,000   29,054,000 25,783,000 29,054,000
Cash and cash equivalents at end of period 24,739,000   144,472,000   24,739,000 144,472,000
Eliminations            
Operating activities            
Net income (133,513,000)   (114,886,000)   (251,336,000) (221,674,000)
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization         0 0
Amortization of debt issuance costs, bond premiums and original issuance discounts         0 0
Losses on dispositions of property         0 0
Deferred income taxes         0 0
Stock-based compensation         0 0
Straight-line rent adjustments         0 0
Losses on debt extinguishment     0     0
Loan impairment charges         0  
(Increase), decrease            
Prepaid expenses and other assets         650,000 1,073,000
Intercompany         0 0
Increase, (decrease)            
Accounts payable         0 0
Accrued expenses         0 0
Accrued interest         0 0
Accrued salaries and wages         0 0
Gaming, property and other taxes         0 0
Income taxes         (650,000) (1,073,000)
Other liabilities         0 0
Net cash provided by operating activities         (251,336,000) (221,674,000)
Investing activities            
Capital project expenditures           0
Capital maintenance expenditures         0 0
Proceeds from sale of property and equipment         0 0
Collections of principal payments on investment in direct financing lease           0
Net cash (used in) provided by investing activities         0 0
Financing activities            
Dividends paid         0 0
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options         0 0
Proceeds from issuance of long-term debt         0 0
Financing costs         0 0
Repayments of long-term debt         0 0
Premium and related costs paid on tender of senior unsecured notes           0
Intercompany financing         251,336,000 221,674,000
Net cash used in financing activities         251,336,000 221,674,000
Net (decrease) increase in cash and cash equivalents         0 0
Cash and cash equivalents at beginning of period   0   0 0 0
Cash and cash equivalents at end of period 0   0   0 0
Parent Guarantor            
Operating activities            
Net income 0   0   0 0
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization         0 0
Amortization of debt issuance costs, bond premiums and original issuance discounts         0 0
Losses on dispositions of property         0 0
Deferred income taxes         0 0
Stock-based compensation         0 0
Straight-line rent adjustments         0 0
Losses on debt extinguishment     0     0
Loan impairment charges         0  
(Increase), decrease            
Prepaid expenses and other assets         0 0
Intercompany         0 0
Increase, (decrease)            
Accounts payable         0 0
Accrued expenses         0 0
Accrued interest         0 0
Accrued salaries and wages         0 0
Gaming, property and other taxes         0 0
Income taxes         0 0
Other liabilities         0 0
Net cash provided by operating activities         0 0
Investing activities            
Capital project expenditures           0
Capital maintenance expenditures         0 0
Proceeds from sale of property and equipment         0 0
Collections of principal payments on investment in direct financing lease           0
Net cash (used in) provided by investing activities         0 0
Financing activities            
Dividends paid         (292,414,000) (269,537,000)
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options         (9,057,000) (2,905,000)
Proceeds from issuance of long-term debt         0 0
Financing costs         0 0
Repayments of long-term debt         0 0
Premium and related costs paid on tender of senior unsecured notes           0
Intercompany financing         301,471,000 272,442,000
Net cash used in financing activities         0 0
Net (decrease) increase in cash and cash equivalents         0 0
Cash and cash equivalents at beginning of period   0   0 0 0
Cash and cash equivalents at end of period 0   0   0 0
Subsidiary Issuers            
Operating activities            
Net income 135,752,000   107,249,000   277,259,000 225,373,000
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization         75,572,000 47,624,000
Amortization of debt issuance costs, bond premiums and original issuance discounts         5,790,000 6,296,000
Losses on dispositions of property         7,000 (9,000)
Deferred income taxes         0 0
Stock-based compensation         8,508,000 4,603,000
Straight-line rent adjustments         1,326,000 28,655,000
Losses on debt extinguishment     3,473,000     3,473,000
Loan impairment charges         0  
(Increase), decrease            
Prepaid expenses and other assets         (2,999,000) (2,146,000)
Intercompany         (79,000) 183,000
Increase, (decrease)            
Accounts payable         (2,350,000) (450,000)
Accrued expenses         478,000 (39,000)
Accrued interest         8,079,000 2,367,000
Accrued salaries and wages         (8,441,000) 7,544,000
Gaming, property and other taxes         (142,000) (190,000)
Income taxes         (71,000) 125,000
Other liabilities         (749,000) 992,000
Net cash provided by operating activities         362,188,000 324,401,000
Investing activities            
Capital project expenditures           (14,000)
Capital maintenance expenditures         (4,000) (51,000)
Proceeds from sale of property and equipment         182,000 210,000
Collections of principal payments on investment in direct financing lease           0
Net cash (used in) provided by investing activities         178,000 145,000
Financing activities            
Dividends paid         0 0
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options         0 0
Proceeds from issuance of long-term debt         155,000,000 1,000,000,000
Financing costs         (236,000) (19,745,000)
Repayments of long-term debt         (217,061,000) (923,601,000)
Premium and related costs paid on tender of senior unsecured notes           (1,884,000)
Intercompany financing         (301,472,000) (272,444,000)
Net cash used in financing activities         (363,769,000) (217,674,000)
Net (decrease) increase in cash and cash equivalents         (1,403,000) 106,872,000
Cash and cash equivalents at beginning of period   4,632,000   6,734,000 4,632,000 6,734,000
Cash and cash equivalents at end of period 3,229,000   113,606,000   3,229,000 113,606,000
Other Subsidiary Non-Issuers            
Operating activities            
Net income 90,794,000   99,635,000   160,120,000 185,071,000
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization         63,367,000 13,308,000
Amortization of debt issuance costs, bond premiums and original issuance discounts         0 0
Losses on dispositions of property         6,000 234,000
Deferred income taxes         (466,000) (117,000)
Stock-based compensation         0 0
Straight-line rent adjustments         15,961,000 4,578,000
Losses on debt extinguishment     0     0
Loan impairment charges         13,000,000  
(Increase), decrease            
Prepaid expenses and other assets         37,000 (50,000)
Intercompany         79,000 (183,000)
Increase, (decrease)            
Accounts payable         10,000 196,000
Accrued expenses         827,000 196,000
Accrued interest         0 0
Accrued salaries and wages         (449,000) (937,000)
Gaming, property and other taxes         44,000 71,000
Income taxes         721,000 948,000
Other liabilities         (28,000) (420,000)
Net cash provided by operating activities         253,229,000 202,895,000
Investing activities            
Capital project expenditures           0
Capital maintenance expenditures         (1,543,000) (1,933,000)
Proceeds from sale of property and equipment         8,000 17,000
Collections of principal payments on investment in direct financing lease           29,239,000
Net cash (used in) provided by investing activities         (1,535,000) 27,323,000
Financing activities            
Dividends paid         0 0
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options         0 0
Proceeds from issuance of long-term debt         0 0
Financing costs         0 0
Repayments of long-term debt         0 0
Premium and related costs paid on tender of senior unsecured notes           0
Intercompany financing         (251,335,000) (221,672,000)
Net cash used in financing activities         (251,335,000) (221,672,000)
Net (decrease) increase in cash and cash equivalents         359,000 8,546,000
Cash and cash equivalents at beginning of period   $ 21,151,000   $ 22,320,000 21,151,000 22,320,000
Cash and cash equivalents at end of period $ 21,510,000   $ 30,866,000   $ 21,510,000 $ 30,866,000