Condensed Financial Statements [Text Block] | NOTE 16. Separate condensed consolidating financial information for our subsidiary guarantors and non-guarantors of our 6.375% Notes, our 6.000% Notes and our 4.750% 6.375% The 6.000% 4.750% one 6.000% 4.750% 6.375% 2018. The tables below present the condensed consolidating balance sheets as of December 31, 2019 2018 December 31, 2019 2018 2017 December 31, 2019 2018 2017 January 10, 2019, 6.375% 6.000% Condensed Consolidating Balance Sheets December 31, 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 $ 3,007 $ 231,866 $ — $ 15,104 $ — $ — $ 249,977 Restricted cash — 12,668 — 7,803 — — 20,471 Other current assets 24,164 100,219 55 4,608 — — 129,046 Property and equipment, net 159,139 2,411,456 — 101,958 — — 2,672,553 Investments in subsidiaries 3,718,900 47,759 — — — (3,766,659 ) — Intercompany receivable 1,031,342 — 59,116 — — (1,090,458 ) — Operating leases right-of-use assets 23,229 886,463 — 26,478 — — 936,170 Other long-term assets 20,662 22,636 — 48,452 — — 91,750 Intangible assets, net — 1,390,954 — 75,937 — — 1,466,891 Goodwill, net — 1,051,968 — 31,319 — — 1,083,287 Total assets $ 4,980,443 $ 6,155,989 $ 59,171 $ 311,659 $ — $ (4,857,117 ) $ 6,650,145 Liabilities and Stockholders' Equity Current maturities of long-term debt $ 26,695 $ 299 $ — $ — $ — $ — $ 26,994 Other current liabilities 159,138 332,393 — 39,858 — (1,490 ) 529,899 Accumulated losses of subsidiaries in excess of investment — — — 9,946 — (9,946 ) — Intercompany payable — 104,697 — 984,298 — (1,088,995 ) — Long-term debt, net of current maturities and debt issuance costs 3,680,912 341 — 57,684 — — 3,738,937 Operating lease liabilities, net of current portion 19,189 814,779 — 6,317 — — 840,285 Other long-term liabilities (170,733 ) 420,775 900 (2,154 ) — — 248,788 Total stockholders' equity (deficit) 1,265,242 4,482,705 58,271 (784,290 ) — (3,756,686 ) 1,265,242 Total liabilities and stockholders' equity $ 4,980,443 $ 6,155,989 $ 59,171 $ 311,659 $ — $ (4,857,117 ) $ 6,650,145 * 100% 6.375% 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 long-term assets 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 Year Ended December 31, 2019 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 84,144 $ 3,258,013 $ — $ 86,053 $ — $ (102,091 ) $ 3,326,119 Operating costs and expenses Operating — 1,664,496 — 71,721 — — 1,736,217 Selling, general and administrative — 449,422 — 10,161 — — 459,583 Master lease rent expense — 97,723 — — — — 97,723 Maintenance and utilities — 153,324 — 1,349 — — 154,673 Depreciation and amortization 39,490 224,612 — 12,467 — — 276,569 Corporate expense 100,919 673 — 3,547 — — 105,139 Project development, preopening and writedowns 6,557 6,128 — 9,043 — — 21,728 Other operating items, net 1,895 24 — — — — 1,919 Intercompany expenses 203 101,888 — — — (102,091 ) — Total operating costs and expenses 149,064 2,698,290 — 108,288 — (102,091 ) 2,853,551 Equity in earnings (losses) of subsidiaries 438,736 (757 ) — — — (437,979 ) — Operating income (loss) 373,816 558,966 — (22,235 ) — (437,979 ) 472,568 Other expense (income) Interest expense, net 227,757 1,381 — 6,469 — — 235,607 Loss on early extinguishments and modifications of debt 34,949 — — — — — 34,949 Other, net 513 (564 ) — (63 ) — — (114 ) Total other expense (income), net 263,219 817 — 6,406 — — 270,442 Income (loss) from continuing operations before income taxes 110,597 558,149 — (28,641 ) — (437,979 ) 202,126 Income tax benefit (provision) 47,039 (95,948 ) — 4,419 — — (44,490 ) Net income (loss) $ 157,636 $ 462,201 $ — $ (24,222 ) $ — $ (437,979 ) $ 157,636 Comprehensive income (loss) $ 158,171 $ 462,736 $ — $ (24,222 ) $ — $ (438,514 ) $ 158,171 * 100% 6.375% 100% 6.000% 4.750% Condensed Consolidating Statements of Operations - continued Year Ended December 31, 2018 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 83,508 $ 2,579,317 $ — $ 66,084 $ — $ (102,179 ) $ 2,626,730 Operating costs and expenses Operating — 1,313,823 — 57,556 — — 1,371,379 Selling, general and administrative 13 360,089 — 9,222 — (11 ) 369,313 Master lease rent expense — 20,682 — — — — 20,682 Maintenance and utilities — 125,667 — 1,360 — — 127,027 Depreciation and amortization 19,052 203,570 — 7,357 — — 229,979 Corporate expense 100,844 403 — 2,954 — — 104,201 Project development, preopening and writedowns 31,514 4,043 — 10,141 — — 45,698 Impairment of assets 993 — — — — — 993 Other operating items, net 58 2,116 — — — — 2,174 Intercompany expenses 203 101,965 — — — (102,168 ) — Total operating costs and expenses 152,677 2,132,358 — 88,590 — (102,179 ) 2,271,446 Equity in earnings (losses) of subsidiaries 311,701 (1,352 ) — — — (310,349 ) — Operating income (loss) 242,532 445,607 — (22,506 ) — (310,349 ) 355,284 Other expense (income) Interest expense, net 174,299 1,192 — 24,976 — — 200,467 Loss on early extinguishments and modifications of debt 61 — — — — — 61 Other, net 161 (371 ) — (66 ) — — (276 ) Total other expense (income), net 174,521 821 — 24,910 — — 200,252 Income (loss) from continuing operations before income taxes 68,011 444,786 — (47,416 ) — (310,349 ) 155,032 Income tax benefit (provision) 47,037 (97,358 ) — 9,990 — — (40,331 ) Income (loss) from continuing operations, net of tax 115,048 347,428 — (37,426 ) — (310,349 ) 114,701 Income (loss) from discontinued operations, net of tax — — 347 — — — 347 Net income (loss) $ 115,048 $ 347,428 $ 347 $ (37,426 ) $ — $ (310,349 ) $ 115,048 Comprehensive income (loss) $ 113,853 $ 346,233 $ 347 $ (37,426 ) $ — $ (309,154 ) $ 113,853 * 100% 6.375% 100% 6.000% 4.750% Consolidating Statements of Operations - continued Year Ended December 31, 2017 Non- Non- Guarantor Guarantor Subsidiary Subsidiaries Subsidiaries Guarantor (100% (100% (Not 100% (In thousands) Parent Subsidiaries Owned)* Owned) Owned) Eliminations Consolidated Total revenues $ 73,292 $ 2,377,514 $ — $ 42,670 $ — $ (92,657 ) $ 2,400,819 Operating costs and expenses Operating — 1,225,765 — 38,156 — — 1,263,921 Selling, general and administrative 44 354,423 — 7,612 — (42 ) 362,037 Maintenance and utilities — 108,092 — 1,370 — — 109,462 Depreciation and amortization 12,041 201,401 — 4,080 — — 217,522 Corporate expense 85,362 1,140 — 1,646 — — 88,148 Project development, preopening and writedowns 7,806 2,758 154 3,736 — — 14,454 Impairment of assets 600 1 — (1,027 ) — — (426 ) Other operating items, net 725 1,175 — — — — 1,900 Intercompany expenses 1,204 91,411 — — — (92,615 ) — Total operating costs and expenses 107,782 1,986,166 154 55,573 — (92,657 ) 2,057,018 Equity in earnings (losses) of subsidiaries 330,711 (1,374 ) — — — (329,337 ) — Operating income (loss) 296,221 389,974 (154 ) (12,903 ) — (329,337 ) 343,801 Other expense (income) Interest expense, net 169,990 1,275 — 25 — — 171,290 Loss on early extinguishments and modifications of debt 1,582 — — — — — 1,582 Other, net (16 ) (98 ) — (70 ) — — (184 ) Total other expense (income), net 171,556 1,177 — (45 ) — — 172,688 Income (loss) from continuing operations before income taxes 124,665 388,797 (154 ) (12,858 ) — (329,337 ) 171,113 Income tax benefit (provision) 64,725 (73,426 ) — 5,586 — — (3,115 ) Income (loss) from continuing operations, net of tax 189,390 315,371 (154 ) (7,272 ) — (329,337 ) 167,998 Income (loss) from discontinued operations, net of tax — — 21,392 — — — 21,392 Net income (loss) $ 189,390 $ 315,371 $ 21,238 $ (7,272 ) $ — $ (329,337 ) $ 189,390 Comprehensive income (loss) $ 189,823 $ 315,804 $ 21,238 $ (7,272 ) $ — $ (329,770 ) $ 189,823 * 100% 6.375% 100% 6.000% 4.750% Condensed Consolidating Statements of Cash Flows Year Ended December 31, 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 $ 2,992,943 $ (2,114,670 ) $ (314,992 ) $ (12,583 ) $ — $ (1,706 ) $ 548,992 Cash flows from investing activities Capital expenditures (129,678 ) (76,274 ) — (1,685 ) — — (207,637 ) Cash paid for acquisition, net of cash received (5,535 ) — — — — — (5,535 ) Net activity with affiliates — 2,211,263 314,992 — — (2,526,255 ) — Distributions from subsidiary 9,000 — — — — (9,000 ) — Other investing activities (11,471 ) (6,788 ) — — — — (18,259 ) Net cash from investing activities (137,684 ) 2,128,201 314,992 (1,685 ) — (2,535,255 ) (231,431 ) Cash flows from financing activities Borrowings under bank credit facility 1,666,329 — — — — — 1,666,329 Payments under bank credit facility (2,132,024 ) — — — — — (2,132,024 ) Proceeds from issuance of senior notes 1,000,000 — — — — — 1,000,000 Retirements of senior notes (750,000 ) — — — — — (750,000 ) Premium and consent fees (25,785 ) — — — — — (25,785 ) Debt financing costs, net (15,500 ) — — — — — (15,500 ) Net activity with affiliates (2,541,199 ) — — 13,238 — 2,527,961 — Distributions to parent — (8,335 ) — (665 ) — 9,000 — Share-based compensation activities, net (5,776 ) — — — — — (5,776 ) Shares repurchased and retired (28,045 ) — — — — — (28,045 ) Dividends paid (28,949 ) — — — — — (28,949 ) Other financing activities — (565 ) — — — — (565 ) Net cash from financing activities (2,860,949 ) (8,900 ) — 12,573 — 2,536,961 (320,315 ) Change in cash, cash equivalents and restricted cash (5,690 ) 4,631 — (1,695 ) — — (2,754 ) 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 $ 3,007 $ 244,534 $ — $ 22,907 $ — $ — $ 270,448 * 100% 6.375% 100% 6.000% 4.750% Condensed Consolidating Statements of Cash Flows - continued Year Ended December 31, 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 $ (323,948 ) $ 660,683 $ (92 ) $ 97,640 $ — $ 244 $ 434,527 Cash flows from investing activities Capital expenditures (95,576 ) (65,015 ) — (953 ) — — (161,544 ) Cash paid for acquisition, net of cash received (934,073 ) — — — — — (934,073 ) Net activity with affiliates — (545,725 ) (390 ) — — 546,115 — Distributions from subsidiary 7,975 — — — — (7,975 ) — Other investing activities (13,860 ) (15,850 ) — (10,000 ) — — (39,710 ) Net cash from investing activities (1,035,534 ) (626,590 ) (390 ) (10,953 ) — 538,140 (1,135,327 ) Cash flows from financing activities Borrowings under bank credit facility 1,114,600 — — — — — 1,114,600 Payments under bank credit facility (964,322 ) — — — — — (964,322 ) Proceeds from issuance of senior notes 700,000 — — — — — 700,000 Debt financing costs, net (14,215 ) — — — — — (14,215 ) Net activity with affiliates 621,413 — — (75,054 ) — (546,359 ) — Distributions to parent — (7,975 ) — — 7,975 — Share-based compensation activities, net (5,344 ) — — — — — (5,344 ) Shares repurchased and retired (59,570 ) — — — — — (59,570 ) Dividends paid (24,730 ) — — — — — (24,730 ) Other financing activities — (178 ) — — — — (178 ) Net cash from financing activities 1,367,832 (8,153 ) — (75,054 ) — (538,384 ) 746,241 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 Change in cash, cash equivalents and restricted cash 8,350 25,940 — 11,633 — — 45,923 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 $ 8,697 $ 239,903 $ — $ 24,602 $ — $ — $ 273,202 * 100% 6.375% 100% 6.000% 4.750% Condensed Consolidating Statements of Cash Flows - continued Year Ended December 31, 2017 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 $ (82,632 ) $ 532,515 $ (12,907 ) $ (15,628 ) $ 254 $ 949 $ 422,551 Cash flows from investing activities Capital expenditures (102,277 ) (87,590 ) — (597 ) — — (190,464 ) Cash paid for acquisition, net of cash received (1,153 ) — — — — — (1,153 ) Net activity with affiliates — (420,716 ) (22,826 ) — — 443,542 — Distributions from subsidiary 10,867 — — — — (10,867 ) — Advances pursuant to development agreement — — — (35,108 ) — — (35,108 ) Other investing activities — 706 — — — — 706 Net cash from investing activities (92,563 ) (507,600 ) (22,826 ) (35,705 ) — 432,675 (226,019 ) Cash flows from financing activities Borrowings under bank credit facility 958,000 — — — — — 958,000 Payments under bank credit facility (1,119,485 ) — — — — — (1,119,485 ) Debt financing costs, net (3,430 ) — — — — — (3,430 ) Net activity with affiliates 389,579 — — 55,166 (254 ) (444,491 ) — Distributions to parent — (10,475 ) (392 ) — 10,867 — Share-based compensation activities, net (7,711 ) — — — — — (7,711 ) Shares repurchased and retired (31,927 ) — — — — — (31,927 ) Dividends paid (11,286 ) — — — — — (11,286 ) Other financing activities 590 (87 ) — — — — 503 Net cash from financing activities 174,330 (10,562 ) — 54,774 (254 ) (433,624 ) (215,336 ) Cash Flows from Discontinued Operations Cash flows from operating activities — — (514 ) — — — (514 ) Cash flows from investing activities — — 36,247 — — — 36,247 Cash flows from financing activities — — — — — — — Net cash provided by discontinued operations — — 35,733 — — — 35,733 Change in cash, cash equivalents and restricted cash (865 ) 14,353 — 3,441 — — 16,929 Cash, cash equivalents and restricted cash, beginning of period 1,212 199,610 — 9,528 — — 210,350 Cash, cash equivalents and restricted cash, end of period $ 347 $ 213,963 $ — $ 12,969 $ — $ — $ 227,279 * 100% 6.375% 100% 6.000% 4.750% |