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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 209,244 $ 186,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 119,993 138,939
Amortization of debt issuance costs, bond premiums and original issuance discounts 5,363 5,790
(Gains) losses on dispositions of property (7) 13
Deferred income taxes (1,018) (466)
Stock-based compensation 8,299 8,508
Straight-line rent adjustments 10,322 17,287
Deferred revenue recognized (130,811) 0
Losses on debt extinguishment 17,334 0
Loan impairment charges 0 13,000
(Increase), decrease    
Prepaid expenses and other assets 1,934 (2,312)
Increase, (decrease)    
Accounts payable 118 (2,340)
Accrued expenses 271 1,305
Accrued interest (2,545) 8,079
Accrued salaries and wages (10,328) (8,890)
Gaming, property and other taxes 688 (98)
Income taxes 266 0
Other liabilities 590 (777)
Net cash provided by operating activities 229,713 364,081
Investing activities    
Capital maintenance expenditures (1,141) (1,547)
Proceeds from sale of property and equipment 7 190
Net cash used in investing activities (1,134) (1,357)
Financing activities    
Dividends paid (176,665) (292,414)
Taxes paid related to shares withheld for tax purposes on restricted stock award vestings (12,585) (9,057)
ATM Program offering costs 227 0
Proceeds from issuance of long-term debt 1,868,735 155,000
Financing costs (9,479) (236)
Repayments of long-term debt (1,835,838) (217,061)
Premium and related costs paid on tender of senior unsecured notes (15,747) 0
Net cash used in financing activity (181,352) (363,768)
Net increase in cash and cash equivalents 47,227 (1,044)
Cash and cash equivalents at beginning of period 26,823 25,783
Cash and cash equivalents at end of period $ 74,050 $ 24,739