Mgm growth properties llc (MGP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Revenues
Revenues

209,570

225,885

226,011

225,759

203,423

216,607

216,659

220,390

215,839

214,542

182,798

184,456

183,899

184,146

172,499

110,903

0

Expenses
Depreciation

62,047

71,643

71,957

79,543

71,562

66,689

63,468

67,474

68,991

69,882

68,662

60,227

61,684

61,808

54,260

53,123

51,476

Property transactions, net

195,056

-500

9,921

310

1,113

1,468

339

14,426

4,086

14,918

1,662

10,587

6,855

2,033

1,442

335

874

Ground lease expense

5,920

5,921

5,920

5,920

5,920

29,096

29,168

32,907

28,360

28,142

18,983

20,642

20,487

-

-

-

-

Property taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,690

13,305

13,236

Property insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

559

2,384

Amortization of above market lease, net

-

-

0

0

-

172

171

172

171

171

172

172

171

172

114

0

0

Acquisition-related expenses

622

1,274

92

267

8,532

1,546

1,931

2,131

541

16,245

1,059

0

0

-

9,500

599

-

General and administrative

4,882

4,211

4,476

3,691

4,138

6,027

3,358

2,755

3,908

3,966

2,882

2,661

2,680

3,406

2,701

3,789

0

Total Expenses

268,527

82,549

92,366

89,731

91,265

104,998

98,435

119,865

106,057

133,324

93,420

94,289

91,877

88,387

85,707

71,710

67,970

Operating income

-

-

-

136,028

-

-

-

100,525

109,782

-

89,378

90,167

92,022

95,759

86,792

39,193

-67,970

Other income (expense)
Income from unconsolidated affiliate

13,363

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

1,091

-

241

102

1,846

-

163

1,278

1,032

-

1,480

881

678

-

0

0

0

Interest expense

49,198

58,971

63,048

63,977

63,948

58,283

58,743

49,276

49,230

49,177

45,544

44,818

44,636

43,898

42,839

29,475

0

Loss on unhedged interest rate swaps, net

-12,120

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-18,368

-6,809

-306

-363

-137

-782

-1,020

-3,205

-2,184

-183

-126

-1,178

-134

-287

-367

-72

0

Non-operating income (expense)

-65,232

-68,630

-63,113

-64,238

-62,239

-59,037

-59,600

-51,203

-50,382

-48,492

-44,190

-45,115

-44,092

-43,411

-43,206

-29,547

0

Income (loss) from continuing operations before income taxes

-124,189

74,706

70,532

71,790

49,919

52,572

58,624

49,322

59,400

32,726

45,188

45,052

47,930

52,348

43,586

9,646

-67,970

Benefit from (provision for) income taxes

1,133

1,827

1,979

4,021

-229

635

2,650

1,263

1,231

1,003

1,488

1,177

1,238

1,349

915

0

0

Income (loss) from continuing operations, net of tax

-125,322

72,879

68,553

67,769

50,148

-

55,974

48,059

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

0

0

0

0

16,216

-

13,949

0

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-125,322

72,879

68,553

67,769

66,364

68,551

69,923

48,059

58,169

31,723

43,700

43,875

46,692

50,999

42,671

9,646

-67,970

Less: Net income attributable to noncontrolling interest

-

-

46,038

45,911

-

-

50,439

34,913

-

-

-

-

-

-

-

-

-

Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic and Diluted

-

-

-

21,858

-

-

-

13,146

-

-

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interest

-75,574

-

-

45,911

46,409

-

-

34,913

42,339

23,001

32,675

33,195

35,344

38,605

32,080

2,693

-67,970

Net income (loss) attributable to Class A shares - basic and diluted

-49,748

25,932

22,515

21,858

19,955

18,605

19,484

13,146

15,830

-

11,025

-

-

-

-

-

-

Weighted average Class A shares outstanding:
Basic (in shares)

123,259

103,966

93,165

91,011

84,043

71,022

71,005

70,993

70,970

-

60,614

-

-

-

-

-

-

Diluted (in shares)

123,259

104,362

93,322

91,208

84,303

71,224

71,201

71,184

71,130

-

60,755

-

-

-

-

-

-

Earnings Per Share [Abstract]
Rental revenue
Revenues

203,531

-

219,847

219,846

196,882

-

186,564

186,563

186,563

-

163,178

163,177

163,177

163,177

154,809

101,253

0

Ground lease and other
Revenues

6,039

6,039

6,164

5,913

6,541

30,044

30,095

33,827

29,276

29,007

19,620

21,279

20,700

20,969

17,690

9,650

0

MGP Operating Partnership
Revenues

209,570

225,885

226,011

225,759

203,423

216,607

216,659

220,390

215,839

214,542

182,798

184,456

183,899

-

-

-

-

Tenant reimbursements and other

-

-

-

-

-

-

-

-

-

-

-

-

20,722

-

-

-

-

Depreciation

62,047

71,643

71,957

79,543

71,562

66,689

63,468

67,474

68,991

69,882

68,662

60,227

61,684

-

-

-

-

Property transactions, net

195,056

-500

9,921

310

1,113

1,468

339

14,426

4,086

14,918

1,662

10,587

6,855

-

-

-

-

Ground lease expense

5,920

5,921

5,920

5,920

5,920

29,096

29,168

32,907

28,360

-

18,983

20,642

-

-

-

-

-

Amortization of above market lease, net

-

-

0

0

-

172

171

172

171

171

172

172

171

-

-

-

-

Reimbursable expenses

-

-

-

-

-

-

-

-

-

-

-

-

20,487

-

-

-

-

Acquisition-related expenses

622

1,274

92

267

8,532

1,546

1,931

2,131

541

16,245

1,059

0

0

-

-

-

-

General and administrative

4,882

4,211

4,476

3,691

4,138

6,027

3,358

2,755

3,908

3,966

2,882

2,661

2,680

-

-

-

-

Total Expenses

268,527

82,549

92,366

89,731

91,265

104,998

98,435

119,865

106,057

133,324

93,420

94,289

91,877

-

-

-

-

Operating income

-

-

-

136,028

-

-

-

100,525

109,782

-

89,378

90,167

92,022

-

-

-

-

Income from unconsolidated affiliate

13,363

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

1,091

-

241

102

1,846

-

163

1,278

1,032

-

1,480

881

678

-

-

-

-

Interest expense

49,198

58,971

63,048

63,977

63,948

58,283

58,743

49,276

49,230

49,177

45,544

44,818

44,636

-

-

-

-

Loss on unhedged interest rate swaps, net

-12,120

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-18,368

-6,809

-306

-363

-137

-782

-1,020

-3,205

-2,184

-183

-126

-1,178

-134

-

-

-

-

Non-operating income (expense)

-65,232

-68,630

-63,113

-64,238

-62,239

-59,037

-59,600

-51,203

-50,382

-48,492

-44,190

-45,115

-44,092

-

-

-

-

Income (loss) from continuing operations before income taxes

-124,189

74,706

70,532

71,790

49,919

52,572

58,624

49,322

59,400

32,726

45,188

45,052

47,930

-

-

-

-

Benefit from (provision for) income taxes

1,133

1,827

1,979

4,021

-229

635

2,650

1,263

1,231

1,003

1,488

1,177

1,238

-

-

-

-

Income (loss) from continuing operations, net of tax

-125,322

72,879

68,553

67,769

50,148

-

55,974

48,059

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

0

0

0

0

16,216

-

13,949

0

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-125,322

72,879

68,553

67,769

66,364

68,551

69,923

48,059

58,169

31,723

43,700

43,875

46,692

-

-

-

-

Basic (in shares)

324,309

303,606

292,867

290,714

288,351

266,156

266,139

266,127

266,104

265,910

245,976

243,049

242,868

-

-

-

-

Diluted (in shares)

324,309

304,002

293,025

290,910

288,610

266,359

266,335

266,319

266,265

266,058

246,117

243,216

243,146

-

-

-

-

Net income (loss) per Operating Partnership unit (basic) (in dollars per share)

-0.39

0.25

0.23

0.23

0.23

0.26

0.26

0.18

0.22

0.12

0.18

0.18

0.19

-

-

-

-

Net income (loss) per Operating Partnership unit (diluted) (in dollars per share)

-0.39

0.25

0.23

0.23

0.23

0.26

0.26

0.18

0.22

0.11

0.18

0.18

0.19

-

-

-

-

Distributions declared per Operating Partnership unit (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.39

0.39

0.38

-

-

-

-

Gaming, food, beverage and other
Revenues

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

Cost of revenues

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

Class A Shares
Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

10,680

11,348

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

-

-

-

-

-

-

-

-

-

-

-

57,687

57,506

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

-

-

-

-

-

-

-

-

57,854

57,784

-

-

-

-

Income (loss) from continuing operations per Class A share (basic) (in usd per share)

-0.40

0.26

0.24

0.24

0.18

-

0.22

0.19

-

-

-

-

-

-

-

-

-

Income from discontinued operations per Class A share (basic) (in usd per share)

0.00

-0.01

0.00

0.00

0.06

-

0.05

0.00

-

-

-

-

-

-

-

-

-

Net income per Class A share (basic) (in usd per share)

-0.40

0.25

0.24

0.24

0.24

0.26

0.27

0.19

0.22

0.11

0.18

0.19

0.20

-

-

-

-

Income (loss) from continuing operations per Class A share (diluted) (in usd per share)

-0.40

0.26

0.24

0.24

0.18

-

0.22

0.18

-

-

-

-

-

-

-

-

-

Income from discontinued operations per Class A share (diluted) (in usd per share)

0.00

-0.01

0.00

0.00

0.06

-

0.05

0.00

-

-

-

-

-

-

-

-

-

Net income per Class A share (diluted) (in usd per share)

-0.40

0.25

0.24

0.24

0.24

0.27

0.27

0.18

0.22

0.11

0.18

0.18

0.20

-

-

-

-

Dividends declared per Class A share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.39

0.39

0.38

-

-

-

-