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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities    
Net income $ 1,869 $ 580
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,369 70,185
Amortization of items charged to interest expense 1,505 1,507
Accretion of settlement value on other noncurrent liabilities 351  
Loss (gain) on sale of fixed assets 153 (49)
Income from unconsolidated affiliates (3,982) (2,483)
Distributions of earnings from unconsolidated affiliates 8,000 5,500
Deferred income taxes 18,648 288
Charge for stock-based compensation 2,084 2,579
Decrease (Increase) ,    
Accounts receivable 727 (599)
Prepaid expenses and other current assets (2,742) (13,104)
Other assets 6,400 7,087
Increase (decrease),    
Accounts payable 2,887 2,186
Accrued expenses 4,931 (14,266)
Accrued interest 6,264 2,484
Accrued salaries and wages (14,363) (15,630)
Gaming, pari-mutuel, property and other taxes 3,754 2,741
Income taxes (11,738) (7,582)
Other current and noncurrent liabilities (11,690) 807
Other noncurrent tax liabilities 1,609 1,205
Net cash provided by operating activities 78,036 43,436
Investing activities    
Capital project expenditures, net of reimbursements (36,929) (12,957)
Capital maintenance expenditures (11,860) (24,084)
Advances to the Jamul Tribe (16,341) (8,573)
Proceeds from sale of property and equipment 146 129
Investment in joint ventures (328)  
Decrease in cash in escrow   18,000
Acquisition of gaming license   (25,586)
Net cash used in investing activities (65,312) (53,071)
Financing activities    
Proceeds from exercise of options 2,743 5,581
Principal payments on financing obligation with GLPI (12,475) (11,255)
Proceeds from issuance of long-term debt, net of issuance costs 45,000 (327)
Principal payments on long-term debt (21,886) (6,898)
Proceeds from insurance financing 885 14,335
Payments on insurance financing (4,314) (4,853)
Tax benefit from stock options exercised 6,379 7,752
Net cash provided by financing activities 16,332 4,335
Net increase (decrease) in cash and cash equivalents 29,056 (5,300)
Cash and cash equivalents at beginning of year 208,673 292,995
Cash and cash equivalents at end of period 237,729 287,695
Supplemental disclosure    
Interest expense paid, net of amounts capitalized 100,179 99,325
Income taxes paid 226 352
City of Lawrenceburg Department of Redevelopment    
Increase (decrease),    
Increased property and equipment, net 15,300  
Increased total debt $ 15,300  
Plainridge Racecourse    
Increase (decrease),    
Increase in acquired assets   60,500
Increase in other current liabilities   42,000
Increase in other non current liabilities   18,500
Gaming and Leisure Properties Inc    
Increase (decrease),    
Increase Decrease in Property and Equipment Net   25,600
Increase Decrease in Long Term Debt   $ 25,600