| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-6,737 | 219,480 | 63,533 | 155,964 | 143,252 | 88,587 | |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
222,211 | 180,255 | 178,217 | 156,668 | 137,865 | 132,043 | |
Change in fair value of derivative instruments | ||||||
-19,467 | 12,415 | 14,112 | 87 | -1 | -90 | |
Reclassification of unrealized gain on derivative instruments into income | ||||||
-2,843 | -2,929 | 1,176 | 5,066 | 8,548 | 12,896 | |
Write-downs and other charges, net | ||||||
7,291 | 3,519 | 19,783 | 6,156 | 3,713 | 18,314 | |
Tax receivable agreement liability adjustment | ||||||
97 | 90,638 | 139,300 | -739 | 0 | - | |
Impairment of goodwill | ||||||
- | - | - | - | - | 5,562 | |
Asset impairment | ||||||
0 | 0 | 1,829 | 0 | 6,301 | 27,688 | |
Amortization of debt discount and debt issuance costs | ||||||
16,421 | 16,149 | 17,206 | 17,492 | 19,026 | 18,182 | |
Interest—paid in kind | ||||||
- | - | - | 2,130 | 4,254 | 4,158 | |
Share-based compensation | ||||||
16,848 | 11,289 | 7,922 | 6,893 | 19,726 | 12,775 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid | ||||||
- | - | - | 18,739 | 0 | 0 | |
Earnings from joint ventures | ||||||
1,928 | 2,185 | 1,632 | 1,913 | 809 | 924 | |
Distributions from joint ventures | ||||||
1,498 | 2,033 | 961 | 1,334 | 1,686 | 1,877 | |
Loss on extinguishment/modification of debt, net | ||||||
-19,939 | 0 | -16,907 | -7,270 | 90 | 4,132 | |
Gain on Native American development | ||||||
- | - | - | - | - | 49,074 | |
Deferred income tax | ||||||
1,735 | -23,860 | -136,156 | -6,993 | 0 | 0 | |
Restricted cash | ||||||
- | - | - | - | -1,067 | 0 | |
Changes in assets and liabilities: | ||||||
Receivables, net | ||||||
1,072 | 2,054 | 4,610 | 3,492 | -178 | 6,700 | |
Interest on related party notes receivable | ||||||
- | - | - | 247 | 722 | 742 | |
Inventories and prepaid expenses | ||||||
397 | 17,749 | 6,999 | 510 | 2,389 | 73 | |
Accounts payable | ||||||
9,686 | 2,677 | -1,184 | 8,934 | 4,954 | 2,911 | |
Accrued interest payable | ||||||
59 | -3,193 | -5,148 | 2,460 | -1,461 | -1,782 | |
Income tax payable/receivable, net | ||||||
0 | 191 | 7,790 | -8,250 | 0 | 0 | |
Other accrued liabilities | ||||||
16,314 | 13,619 | 6,644 | 100 | 1,281 | -3,234 | |
Other, net | ||||||
-1,707 | -4,098 | -4,821 | -1,472 | -2,879 | -3,105 | |
Net cash provided by operating activities | ||||||
316,632 | 346,007 | 289,960 | 346,433 | 349,440 | 269,791 | |
Cash flows from investing activities: | ||||||
Capital expenditures, net of related payables | ||||||
353,269 | 579,287 | 248,427 | 162,377 | 129,925 | 102,748 | |
Acquisition of land held for development | ||||||
57,354 | 36,106 | 0 | 0 | - | - | |
Acquisition of land from related party | ||||||
0 | 0 | 23,440 | 0 | 0 | - | |
Business acquisition, net of cash received | ||||||
- | - | - | 303,734 | 0 | 0 | |
Proceeds from asset sales | ||||||
938 | 4,702 | 1,045 | 11,094 | 26,329 | 2,739 | |
Proceeds from repayment of related party note receivable | ||||||
- | - | - | -18,330 | -500 | 500 | |
Investment in joint ventures | ||||||
- | - | - | - | - | 6,817 | |
Distributions in excess of earnings from joint ventures | ||||||
450 | 1,359 | 1,038 | 1,015 | 971 | 1,019 | |
Proceeds from repayment of Native American development costs | ||||||
- | - | - | - | - | 66,048 | |
Native American development costs | ||||||
804 | 702 | 2,469 | 2,704 | 1,827 | 2,630 | |
Net settlement of derivative instruments | ||||||
-11,023 | -9,842 | -585 | 0 | 0 | - | |
Other, net | ||||||
6,121 | 6,490 | 9,985 | 3,568 | 2,321 | -2 | |
Net cash used in investing activities | ||||||
-405,137 | -606,682 | -281,653 | -441,944 | -106,273 | -42,887 | |
Cash flows from financing activities: | ||||||
Borrowings under credit agreements with original maturity dates greater than three months | ||||||
690,000 | 440,000 | 805,592 | 1,872,500 | 55,000 | 0 | |
Payments under credit agreements with original maturity dates greater than three months | ||||||
527,449 | 222,743 | 635,874 | 1,517,547 | 82,684 | 71,129 | |
Borrowings under credit agreements with original maturity dates of three months or less, net | ||||||
- | - | - | -53,900 | 20,000 | 1,250 | |
Proceeds from issuance of 4.50% Senior Notes | ||||||
0 | 0 | 550,000 | 0 | 0 | - | |
Redemption of 7.50% Senior Notes | ||||||
0 | 0 | 500,000 | 0 | 0 | - | |
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discount and offering costs | ||||||
- | - | - | 531,949 | 0 | 0 | |
Purchase of LLC Units from existing owners—deemed distribution | ||||||
- | - | - | 112,474 | 0 | - | |
Payments of Distributions to Affiliates | ||||||
- | - | - | 389,149 | 0 | 0 | |
Cash paid for early extinguishment of debt | ||||||
19,636 | 0 | 18,776 | 0 | 0 | - | |
Proceeds from exercise of stock options | ||||||
6,707 | 5,381 | 2,501 | 0 | 0 | - | |
Distributions to noncontrolling interests | ||||||
18,743 | 19,940 | 38,290 | 125,502 | 222,228 | 163,413 | |
Dividends paid | ||||||
27,899 | 27,698 | 26,980 | 10,645 | 0 | 0 | |
Payment of debt issuance costs | ||||||
3,619 | 0 | 31,419 | 39,815 | 797 | 2,454 | |
Payments on derivative instruments with other-than-insignificant financing elements | ||||||
- | - | - | 10,831 | 8,947 | 10,980 | |
Capital contributions from noncontrolling interests | ||||||
- | - | - | - | - | 9,969 | |
Proceeds from Other Debt | ||||||
42,643 | 0 | 0 | - | - | - | |
Payments on other debt | ||||||
38,167 | 823 | 5,180 | 22,288 | 3,682 | 3,139 | |
Payments on tax receivable agreement liability | ||||||
0 | -28,865 | 0 | 0 | - | - | |
Acquisition of subsidiary noncontrolling interests | ||||||
0 | 0 | 4,484 | 0 | 0 | 0 | |
Other, net | ||||||
-675 | -1,123 | -6,806 | -7,257 | -6,522 | -1,772 | |
Net cash provided by financing activities | ||||||
103,162 | 144,189 | 90,284 | 115,041 | -249,860 | -241,668 | |
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||
14,657 | -116,486 | 98,591 | 19,530 | -6,693 | -14,764 | |
Supplemental cash flow disclosures: | ||||||
Cash paid for interest, net of $0 and $2,599 capitalized, respectively | ||||||
143,134 | 124,419 | 118,519 | 116,314 | 122,103 | 129,090 | |
Cash paid for income taxes, net of refunds received | ||||||
64 | 176 | 9,160 | 9,500 | 0 | 0 | |
Non-cash investing and financing activities: | ||||||
Capital expenditures incurred but not yet paid | ||||||
30,626 | 112,668 | 39,673 | 21,375 | 19,886 | 17,360 | |