VICI PROPERTIES INC
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
VICI$24.99-0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income F -
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(In thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues | |||
| Income from sales-type leases | $1,980,178 | $1,464,245 | $1,167,972 |
| Income from lease financing receivables, loans and securities | 1,519,516 | 1,041,229 | 283,242 |
| Other income | 73,326 | 59,629 | 27,808 |
| Golf revenues | 38,968 | 35,594 | 30,546 |
| Total revenues | 3,611,988 | 2,600,697 | 1,509,568 |
| Operating expenses | |||
| General and administrative | 59,603 | 48,340 | 33,122 |
| Depreciation | 4,298 | 3,182 | 3,091 |
| Other expenses | 73,326 | 59,629 | 27,808 |
| Golf expenses | 27,089 | 22,602 | 20,762 |
| Change in allowance for credit losses | 102,824 | 834,494 | (19,554) |
| Transaction and acquisition expenses | 8,017 | 22,653 | 10,402 |
| Total operating expenses | 275,157 | 990,900 | 75,631 |
| Income from unconsolidated affiliate | 1,280 | 59,769 | — |
| Interest expense | (818,056) | (539,953) | (392,390) |
| Interest income | 23,970 | 9,530 | 120 |
| Loss from extinguishment of debt | — | — | (15,622) |
| Other gains | 4,456 | — | — |
| Income before income taxes | 2,548,481 | 1,139,143 | 1,026,045 |
| Benefit from (provision for) income taxes | 6,141 | (2,876) | (2,887) |
| Net income | 2,554,622 | 1,136,267 | 1,023,158 |
| Less: Net income attributable to non-controlling interests | (41,082) | (18,632) | (9,307) |
| Net income attributable to common stockholders | $2,513,540 | $1,117,635 | $1,013,851 |
| Net income per common share | |||
| Basic | $2.48 | $1.27 | $1.80 |
| Diluted | $2.47 | $1.27 | $1.76 |
| Weighted average number of shares of common stock outstanding | |||
| Basic | 1,014,513,195 | 877,508,388 | 564,467,362 |
| Diluted | 1,015,776,697 | 879,675,845 | 577,066,292 |
| Other comprehensive income | |||
| Net income | $2,554,622 | $1,136,267 | $1,023,158 |
| Reclassification of derivative (gain) loss to Interest expense | (24,148) | (16,233) | 64,239 |
| Unrealized (loss) gain on cash flow hedges | (9,655) | 200,550 | 29,166 |
| Foreign currency translation adjustments, net | 1,952 | — | — |
| Comprehensive income | 2,522,771 | 1,320,584 | 1,116,563 |
| Comprehensive income attributable to non-controlling interests | (40,714) | (18,428) | (9,307) |
| Comprehensive income attributable to common stockholders | $2,482,057 | $1,302,156 | $1,107,256 |
F - 9
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