Condensed Financial Statements [Text Block] | NOTE 12. Separate condensed consolidating financial information for our subsidiary guarantors and non-guarantors of our 6.875% Notes, our 6.375% Notes and our 6.000% Notes is presented below. The 6.875% 6.375% The 6.000% one 6.000% 6.375% 6.875% On January 10, 2019, 6.875% 6.375% 6.000% The tables below present the condensed consolidating balance sheets as of June 30, 2019 December 31, 2018 three six June 30, 2019 2018 six June 30, 2019 2018 Condensed Consolidating Balance Sheets June 30, 2019 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 2,024 $ 222,959 $ — $ 14,428 $ — $ — $ 239,411 Restricted cash — 13,761 — 9,905 — — 23,666 Other current assets 15,497 115,346 62 2,811 — — 133,716 Property and equipment, net 162,337 2,462,750 — 101,467 — — 2,726,554 Investments in subsidiaries 6,643,075 2,411 — (1,158 ) — (6,644,328 ) — Intercompany receivable — 2,435,124 374,116 — — (2,809,240 ) — Operating leases right-of-use assets 24,137 886,952 — 5,524 — — 916,613 Other assets, net 54,824 29,281 — 49,370 — — 133,475 Intangible assets, net — 1,356,169 — 77,871 — — 1,434,040 Goodwill, net — 1,071,638 — 31,339 — — 1,102,977 Total assets $ 6,901,894 $ 8,596,391 $ 374,178 $ 291,557 $ — $ (9,453,568 ) $ 6,710,452 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 26,695 $ 291 $ — $ — $ — $ — $ 26,986 Other current liabilities 149,100 331,384 — 23,337 — 36 503,857 Intercompany payable 1,836,536 — — 972,768 — (2,809,304 ) — Long-term debt, net of current maturities and debt issuance costs 3,824,005 531 — 57,684 — — 3,882,220 Operating lease liabilities, net of current portion 20,484 826,011 — 4,041 — — 850,536 Other long-term liabilities (167,641 ) 418,506 900 (17,627 ) — — 234,138 Total stockholders' equity (deficit) 1,212,715 7,019,668 373,278 (748,646 ) — (6,644,300 ) 1,212,715 Total liabilities and stockholders' equity $ 6,901,894 $ 8,596,391 $ 374,178 $ 291,557 $ — $ (9,453,568 ) $ 6,710,452 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Balance Sheets - continued December 31, 2018 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Assets Cash and cash equivalents $ 8,697 $ 226,200 $ — $ 14,520 $ — $ — $ 249,417 Restricted cash — 13,703 — 10,082 — — 23,785 Other current assets 15,636 108,069 191 2,844 — (191 ) 126,549 Property and equipment, net 117,642 2,505,987 — 92,435 — — 2,716,064 Investments in subsidiaries 6,381,321 — — 3,861 — (6,385,182 ) — Intercompany receivable — 2,106,566 374,108 — — (2,480,674 ) — Other assets, net 33,513 30,002 — 48,237 — — 111,752 Intangible assets, net — 1,386,868 — 79,802 — — 1,466,670 Goodwill, net — 1,029,628 — 32,474 — — 1,062,102 Total assets $ 6,556,809 $ 7,407,023 $ 374,299 $ 284,255 $ — $ (8,866,047 ) $ 5,756,339 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 23,895 $ 286 $ — $ — $ — $ — $ 24,181 Other current liabilities 160,262 267,250 — 17,679 — 329 445,520 Accumulated losses of subsidiaries in excess of investment — 9,459 — — — (9,459 ) — Intercompany payable 1,509,857 — — 971,060 — (2,480,917 ) — Long-term debt, net of current maturities and debt issuance costs 3,896,699 736 — 57,684 — — 3,955,119 Other long-term liabilities (179,645 ) 382,148 900 (17,625 ) — — 185,778 Total stockholders' equity (deficit) 1,145,741 6,747,144 373,399 (744,543 ) — (6,376,000 ) 1,145,741 Total liabilities and stockholders' equity $ 6,556,809 $ 7,407,023 $ 374,299 $ 284,255 $ — $ (8,866,047 ) $ 5,756,339 * 100% 100% Condensed Consolidating Statements of Operations Three Months Ended June 30, 2019 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 21,449 $ 828,403 $ — $ 22,242 $ — $ (25,962 ) $ 846,132 Operating costs and expenses Operating — 420,304 — 18,313 — — 438,617 Selling, general and administrative — 114,234 — 2,467 — — 116,701 Master lease rent expense — 24,431 — — — — 24,431 Maintenance and utilities — 39,382 — 325 — — 39,707 Depreciation and amortization 8,039 56,792 — 3,220 — — 68,051 Corporate expense 25,915 127 — 871 — — 26,913 Project development, preopening and writedowns 1,989 1,093 — 1,833 — — 4,915 Other operating items, net 45 60 — — — — 105 Intercompany expenses 51 25,911 — — — (25,962 ) — Total operating costs and expenses 36,039 682,334 — 27,029 — (25,962 ) 719,440 Equity in earnings (losses) of subsidiaries 115,525 24 — — — (115,549 ) — Operating income (loss) 100,935 146,093 — (4,787 ) — (115,549 ) 126,692 Other expense (income) Interest expense, net 58,623 176 — 1,618 — — 60,417 Loss on early extinguishments and modifications of debt 508 — — — — — 508 Other, net 127 (565 ) — (17 ) — — (455 ) Total other expense (income), net 59,258 (389 ) — 1,601 — — 60,470 Income (loss) from continuing operations before income taxes 41,677 146,482 — (6,388 ) — (115,549 ) 66,222 Income tax benefit (provision) 6,807 (25,511 ) — 966 — — (17,738 ) Net income (loss) $ 48,484 $ 120,971 $ — $ (5,422 ) $ — $ (115,549 ) $ 48,484 Comprehensive income (loss) $ 48,472 $ 120,959 $ — $ (5,422 ) $ — $ (115,537 ) $ 48,472 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Statements of Operations - continued Three Months Ended June 30, 2018 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 21,286 $ 607,569 $ — $ 13,745 $ — $ (25,807 ) $ 616,793 Operating costs and expenses Operating — 306,392 — 12,517 — — 318,909 Selling, general and administrative (3 ) 85,913 — 2,131 — — 88,041 Maintenance and utilities — 28,331 — 342 — — 28,673 Depreciation and amortization 4,347 48,245 — 1,331 — — 53,923 Corporate expense 23,252 213 — 598 — — 24,063 Project development, preopening and writedowns 2,640 1,017 — 2,144 — — 5,801 Impairment of assets 993 — — — — — 993 Other operating items, net 48 84 — — — — 132 Intercompany expenses (199 ) 26,006 — — — (25,807 ) — Total operating costs and expenses 31,078 496,201 — 19,063 — (25,807 ) 520,535 Equity in earnings (losses) of subsidiaries 82,365 (386 ) — — — (81,979 ) — Operating income (loss) 72,573 110,982 — (5,318 ) — (81,979 ) 96,258 Other expense (income) Interest expense, net 44,154 277 — 6 — — 44,437 Other, net (5 ) (2 ) — (17 ) — — (24 ) Total other expense (income), net 44,149 275 — (11 ) — — 44,413 Income (loss) from continuing operations before income taxes 28,424 110,707 — (5,307 ) — (81,979 ) 51,845 Income tax benefit (provision) 10,521 (24,785 ) — 1,017 — — (13,247 ) Income (loss) from continuing operations, net of tax 38,945 85,922 — (4,290 ) — (81,979 ) 38,598 Income (loss) from discontinued operations, net of tax — — 347 — — — 347 Net income (loss) $ 38,945 $ 85,922 $ 347 $ (4,290 ) $ — $ (81,979 ) $ 38,945 Comprehensive income (loss) $ 38,639 $ 85,616 $ 347 $ (4,290 ) $ — $ (81,673 ) $ 38,639 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Statements of Operations - continued Six Months Ended June 30, 2019 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 43,011 $ 1,638,951 $ — $ 43,561 $ — $ (52,103 ) $ 1,673,420 Operating costs and expenses Operating — 832,139 — 36,007 — — 868,146 Selling, general and administrative — 226,958 — 5,154 — — 232,112 Master lease rent expense — 48,393 — — — — 48,393 Maintenance and utilities — 77,216 — 591 — — 77,807 Depreciation and amortization 15,267 113,874 — 6,163 — — 135,304 Corporate expense 55,868 312 — 1,910 — — 58,090 Project development, preopening and writedowns 4,098 1,205 — 3,643 — — 8,946 Other operating items, net 69 235 — — — — 304 Intercompany expenses 102 52,001 — — — (52,103 ) — Total operating costs and expenses 75,404 1,352,333 — 53,468 — (52,103 ) 1,429,102 Equity in earnings (losses) of subsidiaries 225,393 (123 ) — — — (225,270 ) — Operating income (loss) 193,000 286,495 — (9,907 ) — (225,270 ) 244,318 Other expense (income) Interest expense, net 117,655 760 — 3,226 — — 121,641 Loss on early extinguishments and modifications of debt 508 — — — — — 508 Other, net 256 (565 ) — (31 ) — — (340 ) Total other expense (income), net 118,419 195 — 3,195 — — 121,809 Income (loss) from continuing operations before income taxes 74,581 286,300 — (13,102 ) — (225,270 ) 122,509 Income tax benefit (provision) 19,354 (49,951 ) — 2,023 — — (28,574 ) Net income (loss) $ 93,935 $ 236,349 $ — $ (11,079 ) $ — $ (225,270 ) $ 93,935 Comprehensive income (loss) $ 94,388 $ 236,802 $ — $ (11,079 ) $ — $ (225,723 ) $ 94,388 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Statements of Operations - continued Six Months Ended June 30, 2018 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 42,127 $ 1,208,531 $ — $ 23,766 $ — $ (51,513 ) $ 1,222,911 Operating costs and expenses Operating — 610,225 — 22,147 — — 632,372 Selling, general and administrative 8 171,634 — 3,993 — (11 ) 175,624 Maintenance and utilities — 55,929 — 670 — — 56,599 Depreciation and amortization 8,183 94,775 — 2,241 — — 105,199 Corporate expense 48,500 216 — 1,204 — — 49,920 Project development, preopening and writedowns 4,143 1,190 — 3,908 — — 9,241 Impairment of assets 993 — — — — — 993 Other operating items, net 48 1,883 — — — — 1,931 Intercompany expenses 102 51,400 — — — (51,502 ) — Total operating costs and expenses 61,977 987,252 — 34,163 — (51,513 ) 1,031,879 Equity in earnings (losses) of subsidiaries 164,009 (571 ) — — — (163,438 ) — Operating income (loss) 144,159 220,708 — (10,397 ) — (163,438 ) 191,032 Other expense (income) Interest expense, net 87,673 554 — 12 — — 88,239 Loss on early extinguishments and modifications of debt 61 — — — — — 61 Other, net (5 ) (366 ) — (33 ) — — (404 ) Total other expense (income), net 87,729 188 — (21 ) — — 87,896 Income (loss) from continuing operations before income taxes 56,430 220,520 — (10,376 ) — (163,438 ) 103,136 Income tax benefit (provision) 23,914 (49,169 ) — 2,116 — — (23,139 ) Income (loss) from continuing operations, net of tax 80,344 171,351 — (8,260 ) — (163,438 ) 79,997 Income (loss) from discontinued operations, net of tax — — 347 — — — 347 Net income (loss) $ 80,344 $ 171,351 $ 347 $ (8,260 ) $ — $ (163,438 ) $ 80,344 Comprehensive income (loss) $ 79,074 $ 170,081 $ 347 $ (8,260 ) $ — $ (162,168 ) $ 79,074 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2019 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (110,388 ) $ 375,562 $ 8 $ (691 ) $ — $ (179 ) $ 264,312 Cash flows from investing activities Capital expenditures (81,645 ) (43,223 ) — (1,286 ) — — (126,154 ) Cash paid for acquisition, net of cash received (5,535 ) — — — — — (5,535 ) Net activity with affiliates — (328,558 ) (8 ) — — 328,566 — Other investing activities (16,471 ) (6,788 ) — — — — (23,259 ) Net cash from investing activities (103,651 ) (378,569 ) (8 ) (1,286 ) — 328,566 (154,948 ) Cash flows from financing activities Borrowings under bank credit facility 776,029 — — — — — 776,029 Payments under bank credit facility (851,076 ) — — — — — (851,076 ) Debt financing costs, net (60 ) — — — — — (60 ) Net activity with affiliates 326,679 — — 1,708 — (328,387 ) — Share-based compensation activities, net (3,056 ) — — — — — (3,056 ) Shares repurchased and retired (27,761 ) — — — — — (27,761 ) Dividends paid (13,389 ) — — — — — (13,389 ) Other financing activities — (176 ) — — — — (176 ) Net cash from financing activities 207,366 (176 ) — 1,708 — (328,387 ) (119,489 ) Net change in cash, cash equivalents and restricted cash (6,673 ) (3,183 ) — (269 ) — — (10,125 ) Cash, cash equivalents and restricted cash, beginning of period 8,697 239,903 — 24,602 — — 273,202 Cash, cash equivalents and restricted cash, end of period $ 2,024 $ 236,720 $ — $ 24,333 $ — $ — $ 263,077 * 100% 6.375% 6.875% 100% 6.000% Condensed Consolidating Statements of Cash Flows - continued Six Months Ended June 30, 2018 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Cash flows from operating activities Net cash from operating activities $ (70,065 ) $ 282,907 $ (135 ) $ 5,405 $ — $ (121 ) $ 217,991 Cash flows from investing activities Capital expenditures (36,914 ) (26,059 ) — (272 ) — — (63,245 ) Cash paid for acquisition, net of cash received (100,713 ) — — — — — (100,713 ) Net activity with affiliates — (289,361 ) (347 ) — — 289,708 — Other investing activities (9,240 ) — — — — — (9,240 ) Net cash from investing activities (146,867 ) (315,420 ) (347 ) (272 ) — 289,708 (173,198 ) Cash flows from financing activities Borrowings under bank credit facility 333,900 — — — — — 333,900 Payments under bank credit facility (591,476 ) — — — — — (591,476 ) Proceeds from issuance of senior notes 700,000 — — — — — 700,000 Debt financing costs, net (11,028 ) — — — — — (11,028 ) Net activity with affiliates 277,000 — — 12,587 — (289,587 ) — Share-based compensation activities, net (3,381 ) — — — — — (3,381 ) Shares repurchased and retired (30,332 ) — — — — — (30,332 ) Dividends paid (11,267 ) — — — — — (11,267 ) Other financing activities — (50 ) — — — — (50 ) Net cash from financing activities 663,416 (50 ) — 12,587 — (289,587 ) 386,366 Cash Flows from Discontinued Operations Cash flows from operating activities — — — — — — — Cash flows from investing activities — — 482 — — — 482 Cash flows from financing activities — — — — — — — Net cash provided by discontinued operations — — 482 — — — 482 Net change in cash, cash equivalents and restricted cash 446,484 (32,563 ) — 17,720 — — 431,641 Cash, cash equivalents and restricted cash, beginning of period 347 213,963 — 12,969 — — 227,279 Cash, cash equivalents and restricted cash, end of period $ 446,831 $ 181,400 $ — $ 30,689 $ — $ — $ 658,920 * 100% 6.375% 6.875% 100% 6.000% |