Ownership / Studio City International Holdings Limited | Tables in SEC filings

MSC Studio City International Holdings Limited

Annual report (foreign)

	December 31,
	2023		2022
ASSETS		Current assets:				Cash and cash equivalents	$	228,040		$	509,523
Accounts receivable, net of allowances for credit losses of $10 and nil		2,281		263
Receivables from affiliated companie s		40,969		221
Inventories		5,763		5,121
Prepaid expenses and other current assets		38,997		38,721

Total current assets		316,050		553,849

Property and equipment, net		2,775,806		2,868,064
Intangible assets, net		5		1,373
Long-term prepayments, deposits and other assets		27,787		48,325
Restricted cash		130		130
Operating lease right-of-use assets		11,619		13,136
Land use right, net		105,304		108,645

Total assets	$	3,236,701	$	3,593,522

LIABILITIES, SHAREHOLDERS’ EQUITY AND PARTICIPATION INTEREST		Current liabilities:	Accounts payable		$	2,454		$	501
Accrued expenses and other current liabilities		135,514		165,688
Income tax payable		10		22
Payables to affiliated companie s		18,799		81,178

Total current liabilities		156,777		247,389

Long-term debt, net		2,335,173		2,434,476
Other long-term liabilities		3,209		21,631
Deferred tax liabilities, net		309		382
Operating lease liabilities, non-current		12,250		13,499

Total liabilities	$	2,507,718	$	2,717,377

Commitments and contingencies (Note 18)

	Year Ended December 31,
	2023			2022			2021
	(in thousands of US$)
Net loss attributable to Studio City International Holdings Limited	$	(133,517)		$	(326,451)		$	(252,555)
Net loss attributable to participation interest		(12,567)			(34,856)			(49,447)

Net loss		(146,084)			(361,307)			(302,002)
Income tax (benefit) expense		(81)			382			(457)
Interest and other non-operating expenses, net		117,123			83,709			110,886
Depreciation and amortization		169,397			126,956			127,634
Property charges and other		1,407			5,799			6,031
Share-based compensation		—			361			438
Pre-opening costs		17,451			3,263			984

Adjusted EBITDA	$	159,213		$	(140,837)		$	(56,486)

Adjusted EBITDA margin (1)		35.7	%		(1,219.6	)%		(52.9	)%

	Payments Due by Period
	Less than 1 year			1-3 years				3-5 years				More than 5 years				Total
	(in millions of US$)
Long-term debt obligations(1):
2028 Studio City Senior Secured Credit Facility	$	—	$	—			$	0.1			$	—		$	0.1	2025 Notes		—	397.0		—		—		397.0	2027 Notes		—		—		350.0		—	350.0	2028 Notes	—	—	500.0	—		500.0	2029 Notes		—		—	—	1,100.0	1,100.0
Fixed interest payments		135.8			236.8			146.8			2.1			521.5	Operating leases(2)		1.1		2.3	2.3		30.2		35.9	Construction costs and property and equipment retention payables		21.7		—		—		—		21.7	Other contractual commitments:		Construction costs and property and equipment acquisition commitments	14.3	0.4	—			—		14.7
Total contractual obligations	$	172.9	$	636.5		$	999.2		$	1,132.3		$	2,940.9

	Number of Class A ordinary shares			Number of Class B ordinary shares		Approximate percentage of voting power (1)
Directors and Executive Officers:			Lawrence Yau Lung Ho (2)		463,095,592		—		54.94	%
Evan Andrew Winkler		—			—		—
Clarence Yuk Man Chung		*			—		*
Geoffrey Stuart Davis		—			—		—
Stephanie Cheung		—			—		—
Akiko Takahashi		—			—		—
David Anthony Reganato		—			—		—
Dale Robert Black		—			—		—
Dominique Mielle		—			—		—
Kevin F. Sullivan		*			—		*
Nigel Alan Dean		—			—		—
Kevin Richard Benning		—			—		—
Directors and executive officers as a group		463,150,896			—		54.95	%

Table search / Ownership / Studio City International Holdings Limited