PENN Entertainment(NASDAQ:PENN) 
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown.
Website: https://www.pennentertainment.com/
Founded: 1972
Full Time Employees: 28,300
Founder: Peter Carlino
CEO: Jay A. Snowden
Sector: Consumer Cyclical
Industry: Resorts & Casinos
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At a glance:
- Regional Casino Performance and Consumer Spend Trends: Near-term results are likely to be driven by same-store gaming volumes, visitation, and spend per trip across PENN’s regional casino footprint, with sensitivity to local economic conditions and competitive openings.
- Interactive (ESPN BET) Execution and Profitability Path: Investor focus remains on user acquisition efficiency, retention, and the timeline to narrow interactive losses, as PENN scales ESPN BET and works to improve hold, marketing ROI, and cross-sell from its database.
- Margin Management Amid Promotions and Cost Inflation: Promotional intensity (both in retail and online) and operating cost pressures are key swing factors for EBITDA, making labor, marketing discipline, and property-level cost controls important for protecting margins.
- Balance Sheet, Leverage, and Capital Allocation Priorities: Key watch items include leverage trends, interest expense sensitivity, and the mix of capital returns versus reinvestment, including how PENN prioritizes debt reduction, maintenance capex, and potential share repurchases.
- Regulatory Landscape and Market Access Expansion: State-by-state regulatory developments, tax rates, and licensing/market-access dynamics can materially affect both the pace of online expansion and long-term unit economics across sports betting and iCasino.
Bull Thesis:
- ESPN BET's Brand Power and User Acquisition: The exclusive partnership with ESPN provides an unparalleled marketing channel and brand recognition for ESPN BET, potentially driving significant user acquisition and market share gains in the highly competitive online sports betting market. This strategic pivot could unlock a massive user base previously untapped by Barstool Sportsbook.
- Path to Profitability for Interactive Segment: Following the strategic pivot from Barstool to ESPN BET and the initial heavy investment phase, the interactive segment is expected to improve its unit economics and move towards profitability. Reduced promotional spend and more efficient customer acquisition through the ESPN ecosystem could significantly reduce cash burn and contribute positively to overall company earnings.
- Resilient Land-Based Casino Operations: PENN's diversified portfolio of regional land-based casinos provides a stable and predictable revenue and EBITDA base. This segment acts as a financial anchor, generating consistent cash flow that can support the growth and investment in the interactive segment, while also offering a hedge against volatility in the online market.
- Strategic M&A Potential: Given the ongoing consolidation trends in both the regional casino and online gaming sectors, PENN Entertainment could be an attractive acquisition target or a strategic acquirer. Its extensive land-based footprint and growing online presence could make it a valuable asset in a consolidating industry, potentially unlocking shareholder value through M&A activity.
Bear Thesis:
- Intense Competition in Online Sports Betting: The online sports betting market remains fiercely competitive, with established leaders like DraftKings and FanDuel holding significant market share. ESPN BET faces an uphill battle to differentiate itself and achieve sustainable profitability against these well-funded and entrenched competitors, requiring substantial ongoing marketing and promotional spend.
- Persistent Cash Burn in Interactive Segment: Despite the strategic pivot, the interactive segment (ESPN BET) may continue to incur substantial losses and cash burn for an extended period. Aggressive marketing, promotional activities, and technology investments necessary to compete effectively could delay overall company profitability and strain financial resources longer than anticipated.
- Elevated Debt Load and Interest Rate Risk: PENN Entertainment carries a substantial amount of debt on its balance sheet. Elevated interest rates or a potential economic downturn could increase debt servicing costs, constrain financial flexibility, and hinder the company's ability to invest in growth initiatives or weather unexpected market challenges.
- Ongoing Regulatory and Legislative Risks: The highly regulated nature of the gaming industry exposes PENN to significant risks from changes in state-level regulations, taxation policies, or licensing requirements. Such changes could negatively impact operational flexibility and profitability across both its land-based and online segments, creating uncertainty.
- Potential Cannibalization of Land-Based Revenue: There is a risk that the growth of PENN's online sports betting and iGaming offerings could cannibalize revenue from its established land-based casinos. If the online segment's gains do not sufficiently offset these losses with new revenue, it could lead to a net negative impact on overall company profitability and market share.
Main Competitors:
- FanDuel (a subsidiary of Flutter Entertainment plc) ($FLUT) (FanDuel Sportsbook, FanDuel Casino, Daily Fantasy Sports, Horse Racing), As a market leader, FanDuel directly competes with PENN's online sports betting (ESPN Bet) and iGaming products, vying for customer acquisition and retention through aggressive marketing, product innovation, and a strong brand presence across multiple states.
- MGM Resorts International ($MGM) (BetMGM (online sports betting & iGaming), Bellagio, MGM Grand, Mandalay Bay (land-based casinos)), Competes with PENN on two fronts: its extensive portfolio of land-based casinos (e.g., Hollywood Casino properties) for regional gaming customers, and through its BetMGM joint venture, which is a major player in the online sports betting and iGaming space, directly challenging ESPN Bet and Hollywood Casino online.
- Caesars Entertainment Inc. ($CZR) (Caesars Sportsbook & Casino (online), Caesars Palace, Harrah's, Horseshoe (land-based casinos)), A significant competitor in both the land-based and online gaming sectors. Caesars competes with PENN's regional casinos for brick-and-mortar patrons and directly challenges ESPN Bet and Hollywood Casino online with its own Caesars Sportsbook and iGaming platform, often leveraging its vast loyalty program.
Moat:
PENN Entertainment operates in a highly competitive landscape characterized by significant capital investment, aggressive marketing, and rapid technological evolution. Its primary competitors include pure-play online operators like DraftKings and FanDuel, which dominate the online sports betting and iGaming markets, as well as integrated resort operators such as MGM Resorts and Caesars Entertainment, which compete in both the land-based casino and online gaming segments. PENN's competitive moat relies on its regional land-based casino footprint, its strategic partnership with ESPN for online sports betting (ESPN Bet), and its ability to cross-promote between its physical and digital offerings. However, the industry faces high customer acquisition costs, intense promotional activity, and regulatory complexities, making sustained profitability and market share growth challenging.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 1,155,269,000 | 789,651,000 | 826,913,000 | 816,085,000 | 815,848,000 | 855,090,000 | 842,446,000 | 818,082,000 | 787,244,000 | 811,240,000 | 813,535,000 | 797,022,000 | 778,876,000 | 739,156,000 | 702,026,000 | 683,722,000 | 689,837,000 | 678,011,000 | 758,149,000 | 804,540,000 | 842,832,000 | 741,918,000 | 748,415,000 | 772,428,000 | 750,546,000 | 721,301,000 | 697,717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gaming | 1,358,800,000 | 1,325,200,000 | 1,367,700,000 | 1,298,300,000 | 1,290,900,000 | 1,288,000,000 | 1,332,300,000 | 1,258,300,000 | 1,036,300,000 | 1,252,100,000 | 1,292,800,000 | 1,324,600,000 | 1,267,400,000 | 1,317,500,000 | 1,325,600,000 | 1,291,200,000 | 1,301,600,000 | 1,256,200,000 | 1,305,500,000 | 1,082,000,000 | 895,400,000 | 993,600,000 | 259,200,000 | 902,900,000 | 1,083,500,000 | 1,088,500,000 | 1,062,139,000 | 1,034,511,000 | 928,938,000 | 646,335,000 | 665,094,000 | 654,494,000 | 658,758,000 | 691,028,000 | 680,979,000 | 661,256,000 | 631,644,000 | 654,591,000 | 663,326,000 | 656,701,000 | 651,284,000 | 618,919,000 | 591,336,000 | 573,216,000 | 576,158,000 | 570,683,000 | 641,777,000 | 679,829,000 | 717,925,000 | 633,836,000 | 634,846,000 | 656,077,000 | 636,389,000 | 622,873,000 | 609,111,000 | 582,307,000 | 543,190,000 | 543,373,000 | 565,483,000 | 526,390,000 | 559,903,000 | 558,424,000 | 566,395,000 | 560,636,000 | 574,717,000 | 570,281,000 | 549,093,000 | 526,462,000 | 536,901,000 | 490,804,000 | 524,891,000 | 773,491,000 | 515,977,000 | 253,051,000 | 751,165,000 | 499,793,000 | 283,808,000 | 180,880,500 | 723,522,000 | 456,859,000 | 183,853,000 |
food, beverage, hotel, and other | 447,400,000 | 392,100,000 | 397,300,000 | 374,200,000 | 378,100,000 | 351,200,000 | 330,700,000 | 348,600,000 | 359,100,000 | 367,300,000 | 382,000,000 | 348,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 1,806,200,000 | 1,717,300,000 | 1,765,000,000 | 1,672,500,000 | 1,669,000,000 | 1,639,200,000 | 1,663,000,000 | 1,606,900,000 | 1,395,400,000 | 1,619,400,000 | 1,674,800,000 | 1,673,300,000 | 1,585,600,000 | 1,625,000,000 | 1,626,900,000 | 1,564,200,000 | 1,572,500,000 | 1,511,800,000 | 1,545,800,000 | 1,274,900,000 | 1,027,400,000 | 1,129,700,000 | 305,500,000 | 1,116,100,000 | 1,341,200,000 | 1,354,500,000 | 1,323,094,000 | 1,282,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 8.22% | 4.76% | 6.13% | 4.08% | 19.61% | 1.22% | -0.70% | -3.97% | -12.00% | -0.34% | 2.94% | 6.97% | 0.83% | 7.49% | 5.25% | 22.69% | 53.06% | 33.82% | 405.99% | 14.23% | -23.40% | -16.60% | -76.91% | -12.98% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 5.18% | -2.70% | 5.53% | 0.21% | 1.82% | -1.43% | 3.49% | 15.16% | -13.83% | -3.31% | 0.09% | 5.53% | -2.42% | -0.12% | 4.01% | -0.53% | 4.02% | -2.20% | 21.25% | 24.09% | -9.06% | 269.79% | -72.63% | -16.78% | -0.98% | 2.37% | 3.16% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 402,600,000 | 417,900,000 | 410,300,000 | 403,000,000 | 398,300,000 | 392,500,000 | 388,700,000 | 388,900,000 | 383,800,000 | 406,400,000 | 380,300,000 | 392,900,000 | 263,200,000 | 277,900,000 | 273,800,000 | 295,500,000 | 333,700,000 | 376,500,000 | 316,500,000 | 326,200,000 | 302,100,000 | 317,600,000 | 204,100,000 | 307,000,000 | 304,100,000 | 309,700,000 | 286,968,000 | 286,928,000 | 239,945,000 | 125,084,000 | 132,659,000 | 121,263,000 | 151,664,000 | 107,201,000 | 130,096,000 | 125,815,000 | 122,174,000 | 114,376,000 | 109,974,000 | 116,504,000 | 107,614,000 | 118,572,000 | 116,069,000 | 116,510,000 | 107,898,000 | 107,739,000 | 131,140,000 | 128,730,000 | 135,577,000 | 137,615,000 | 115,251,000 | 115,997,000 | 108,897,000 | 102,322,000 | 103,476,000 | 102,164,000 | 106,953,000 | 94,516,000 | 110,116,000 | 93,001,000 | 99,470,000 | 110,149,000 | 98,103,000 | 97,892,000 | 98,935,000 | 98,993,000 | 93,499,000 | 95,121,000 | 85,984,000 | 73,600,000 | 75,011,000 | 131,488,000 | 92,239,000 | 46,213,000 | 135,689,000 | 94,835,000 | 55,416,000 | 37,391,750 | 149,567,000 | 94,610,000 | 38,764,000 |
depreciation and amortization | 114,200,000 | 114,200,000 | 110,500,000 | 108,000,000 | 107,100,000 | 108,700,000 | 109,100,000 | 108,700,000 | 111,200,000 | 105,800,000 | 110,600,000 | 107,500,000 | 150,300,000 | 148,700,000 | 150,300,000 | 118,200,000 | 97,600,000 | 83,700,000 | 81,900,000 | 81,300,000 | 91,400,000 | 87,700,000 | 91,900,000 | 95,700,000 | 97,800,000 | 106,300,000 | 106,020,000 | 104,053,000 | 93,189,000 | 56,852,000 | 58,559,000 | 60,390,000 | 61,374,000 | 66,483,000 | 68,969,000 | 70,236,000 | 71,109,000 | 67,903,000 | 66,182,000 | 66,020,000 | 66,141,000 | 41,752,000 | 42,922,000 | 40,253,000 | 47,183,000 | 47,366,000 | 79,968,000 | 80,615,000 | 77,071,000 | 62,399,000 | 56,791,000 | 53,337,000 | 52,195,000 | 54,230,000 | 53,158,000 | 53,842,000 | 52,653,000 | 51,180,000 | 50,055,000 | 46,942,000 | 44,430,000 | 44,224,000 | 45,182,000 | 39,792,000 | 37,241,000 | 37,622,000 | 35,358,000 | 35,309,000 | 31,196,000 | 27,728,000 | 29,718,000 | 46,406,000 | 31,464,000 | 15,495,000 | 49,413,000 | 33,673,000 | 19,266,000 | 12,157,250 | 48,629,000 | 30,149,000 | 12,829,000 |
impairment losses | 105,300,000 | 825,000,000 | 13,600,000 | 104,600,000 | 7,300,000 | 616,100,000 | 618,000 | 7,488,000 | 24,317,000 | 4,560,000 | 71,846,000 | 816,000 | 30,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 1,823,700,000 | 2,493,700,000 | 1,687,500,000 | 1,629,700,000 | 1,717,100,000 | 1,571,700,000 | 1,588,500,000 | 1,628,300,000 | 1,703,800,000 | 2,405,800,000 | 1,469,300,000 | 1,474,200,000 | 1,342,700,000 | 1,488,300,000 | 1,324,500,000 | 1,272,200,000 | 1,346,400,000 | 1,272,700,000 | 1,167,900,000 | 1,058,400,000 | 907,800,000 | 933,500,000 | 470,900,000 | 1,676,700,000 | 1,329,900,000 | 1,174,700,000 | 1,124,714,000 | 1,100,185,000 | 1,030,909,000 | 633,808,000 | 645,158,000 | 643,951,000 | 742,261,000 | 662,584,000 | 661,474,000 | 635,937,000 | 629,062,000 | 626,297,000 | 620,085,000 | 615,920,000 | 597,125,000 | 666,262,000 | 640,660,000 | 623,109,000 | 628,764,000 | 623,029,000 | 621,155,000 | 714,490,000 | 664,931,000 | 608,378,000 | 584,536,000 | 593,444,000 | 580,570,000 | 547,287,000 | 544,288,000 | 527,794,000 | 546,600,000 | 499,972,000 | 533,022,000 | 504,112,000 | 511,391,000 | 521,510,000 | 506,995,000 | 494,935,000 | 495,571,000 | 496,824,000 | 471,478,000 | 373,813,000 | 458,056,000 | 415,936,000 | 440,342,000 | 755,866,000 | 503,533,000 | 233,007,000 | 700,118,000 | 484,552,000 | 276,477,000 | 181,189,500 | 724,758,000 | 458,282,000 | 186,407,000 |
operating income | -17,500,000 | -776,400,000 | 77,500,000 | 42,800,000 | -48,100,000 | 67,500,000 | 74,500,000 | -21,400,000 | -308,400,000 | -786,400,000 | 205,500,000 | 199,100,000 | 242,900,000 | 136,700,000 | 302,400,000 | 292,000,000 | 226,100,000 | 239,100,000 | 377,900,000 | 216,500,000 | 119,600,000 | 196,200,000 | -165,400,000 | -560,600,000 | 11,300,000 | 179,800,000 | 198,380,000 | 182,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | -63.62% | -1250.22% | 4.03% | -300.00% | -84.40% | -108.58% | -63.75% | -110.75% | -226.97% | -675.27% | -32.04% | -31.82% | 7.43% | -42.83% | -19.98% | 34.87% | 89.05% | 21.87% | -328.48% | -138.62% | 958.41% | 9.12% | -183.38% | -407.37% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -97.75% | -1101.81% | 81.07% | -188.98% | -171.26% | -9.40% | -448.13% | -93.06% | -60.78% | -482.68% | 3.21% | -18.03% | 77.69% | -54.79% | 3.56% | 29.15% | -5.44% | -36.73% | 74.55% | 81.02% | -39.04% | -218.62% | -70.50% | -5061.06% | -93.72% | -9.37% | 8.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | -0.97% | -45.21% | 4.39% | 2.56% | -2.88% | 4.12% | 4.48% | -1.33% | -22.10% | -48.56% | 12.27% | 11.90% | 15.32% | 8.41% | 18.59% | 18.67% | 14.38% | 15.82% | 24.45% | 16.98% | 11.64% | 17.37% | -54.14% | -50.23% | 0.84% | 13.27% | 14.99% | 14.22% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -101,900,000 | -97,200,000 | -95,900,000 | -110,800,000 | -113,600,000 | -118,400,000 | -119,400,000 | -119,100,000 | -118,600,000 | -117,500,000 | -115,600,000 | -113,000,000 | -210,500,000 | -193,300,000 | -193,600,000 | -160,800,000 | -143,100,000 | -144,900,000 | -138,000,000 | -135,700,000 | -136,100,000 | -142,300,000 | -135,000,000 | -129,800,000 | -133,700,000 | -133,500,000 | -135,039,000 | -132,587,000 | -192,960,000 | -114,844,000 | -115,873,000 | -115,740,000 | -116,761,000 | -118,236,000 | -116,768,000 | -114,996,000 | -113,695,000 | -114,349,000 | -114,687,000 | ||||||||||||||||||||||||||||||||||||||||||
interest income | 2,100,000 | 2,300,000 | 2,100,000 | 3,200,000 | 4,400,000 | 6,300,000 | 5,800,000 | 7,100,000 | 9,800,000 | 10,200,000 | 9,900,000 | 10,400,000 | 257,000 | 319,000 | 269,000 | 246,000 | 241,000 | 249,000 | 367,000 | 304,000 | 235,000 | 2,646,000 | 4,147,000 | 8,202,000 | 6,597,000 | 5,240,000 | 3,083,000 | 2,443,000 | 1,870,000 | 1,025,000 | 790,000 | 467,000 | 369,000 | 343,000 | 262,000 | 218,000 | 246,000 | 219,000 | 68,000 | 96,000 | 53,000 | 398,000 | 611,000 | 730,000 | 956,000 | 1,603,000 | 3,091,000 | 720,000 | 553,000 | 683,000 | 1,020,000 | 1,289,000 | 876,000 | 873,000 | 882,000 | 867,000 | 903,000 | 3,180,000 | 2,222,000 | 1,293,000 | 1,299,000 | 816,000 | 389,000 | 338,000 | 1,352,000 | 917,000 | 434,000 | ||||||||||||||
income from unconsolidated affiliates | 8,600,000 | 8,200,000 | 13,300,000 | 7,600,000 | 6,000,000 | 7,100,000 | 7,800,000 | 7,200,000 | 8,300,000 | 7,200,000 | 7,200,000 | 2,600,000 | 6,600,000 | 6,600,000 | 1,800,000 | 8,700,000 | 10,900,000 | 9,100,000 | 9,100,000 | 9,600,000 | 6,400,000 | 5,000,000 | -1,700,000 | 4,100,000 | 6,700,000 | 9,800,000 | 6,255,000 | 5,687,000 | 5,535,000 | 5,696,000 | 5,734,000 | 5,361,000 | 4,321,000 | 4,781,000 | 5,021,000 | 4,548,000 | 2,675,000 | 3,505,000 | 3,548,000 | 4,609,000 | 3,759,000 | 4,154,000 | 3,982,000 | 2,291,000 | 1,473,000 | 2,483,000 | |||||||||||||||||||||||||||||||||||
gain on reit transaction | 825,000 | 3,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on financing arrangement | 215,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -11,800,000 | -573,000 | -23,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 500,000 | 2,900,000 | 1,300,000 | 2,800,000 | 2,800,000 | 1,000,000 | -1,300,000 | 1,000,000 | -300,000 | 5,800,000 | -1,000,000 | 5,600,000 | -8,800,000 | -28,200,000 | -40,700,000 | -40,600,000 | 19,200,000 | 2,800,000 | 21,100,000 | 31,100,000 | 68,000,000 | 29,300,000 | -21,800,000 | 12,800,000 | 7,200,000 | 43,000 | -5,642,000 | -1,435,000 | -48,000 | 4,000 | -55,000 | -236,000 | -173,000 | -1,793,000 | 299,000 | 404,000 | 44,000 | 2,672,000 | 3,089,000 | 1,583,000 | 1,631,000 | 2,402,000 | 664,000 | 1,474,000 | 2,737,000 | 8,259,000 | 1,307,000 | 2,887,000 | 2,092,000 | 636,000 | 1,458,000 | 184,000 | 438,000 | ||||||||||||||||||||||||||||
total other expenses | -14,100,000 | -83,400,000 | 72,525,000 | -100,400,000 | -190,400,000 | -195,500,000 | -220,000,000 | -192,800,000 | -172,800,000 | -116,600,000 | -126,100,000 | -105,000,000 | -99,800,000 | -69,300,000 | -107,400,000 | -147,500,000 | -114,200,000 | -116,500,000 | -128,484,000 | -126,581,000 | -209,990,000 | -110,648,000 | -112,525,000 | -111,008,000 | -112,701,000 | -113,387,000 | -111,685,000 | -132,985,000 | -78,956,250 | -102,238,000 | -104,498,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -108,200,000 | -859,800,000 | -11,900,000 | 159,200,000 | -148,800,000 | -34,700,000 | -30,300,000 | -127,500,000 | -407,900,000 | -886,800,000 | 112,800,000 | 682,300,000 | 52,500,000 | -58,800,000 | 82,400,000 | 99,200,000 | 53,300,000 | 122,500,000 | 251,800,000 | 111,500,000 | 19,800,000 | 126,900,000 | -272,800,000 | -708,100,000 | -102,900,000 | 63,300,000 | 69,896,000 | 55,805,000 | 28,367,000 | 17,087,750 | 68,351,000 | 46,349,000 | 21,532,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 34,800,000 | -5,300,000 | -6,400,000 | -47,700,000 | 15,000,000 | -2,800,000 | 3,200,000 | 12,600,000 | 49,100,000 | 161,700,000 | -31,700,000 | 182,000,000 | -8,500,000 | -36,400,000 | -53,100,000 | -20,600,000 | -7,100,000 | 14,300,000 | 58,400,000 | 99,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -73,400,000 | -865,100,000 | -18,300,000 | 111,500,000 | -133,800,000 | -37,500,000 | -27,100,000 | -114,900,000 | -358,800,000 | -725,100,000 | 78,100,000 | 514,400,000 | 20,800,000 | 123,200,000 | 26,100,000 | 51,600,000 | 44,800,000 | 86,100,000 | 198,700,000 | 90,900,000 | 12,700,000 | 141,200,000 | -214,400,000 | -608,600,000 | -92,900,000 | 43,700,000 | 51,357,000 | 40,987,000 | -42,036,000 | 36,125,000 | 53,988,000 | 45,437,000 | -338,060,000 | 789,340,000 | 17,079,000 | 5,104,000 | 5,032,000 | 46,535,000 | 34,035,000 | 23,708,000 | 4,900,000 | 16,886,000 | 10,996,000 | 8,499,000 | 4,176,000 | 4,537,000 | 41,317,000 | -12,180,000 | 65,271,000 | 46,446,000 | 66,667,000 | 78,619,000 | 21,351,000 | 28,480,000 | 40,661,000 | 147,491,000 | 37,023,000 | 40,736,000 | 46,590,000 | 38,299,000 | 42,941,000 | 87,350,000 | 155,060,000 | 42,695,000 | 41,983,000 | 83,326,000 | 27,925,000 | 15,802,000 | 54,626,000 | 37,437,000 | 17,787,000 | 10,572,250 | 42,289,000 | 28,660,000 | 13,187,000 | ||||||
yoy | -45.14% | 2206.93% | -32.47% | -197.04% | -62.71% | -94.83% | -134.70% | -122.34% | -1825.00% | -688.56% | 199.23% | 896.90% | -53.57% | 43.09% | -86.86% | -43.23% | 252.76% | -39.02% | -192.68% | -114.94% | -113.67% | 223.11% | -517.47% | -1584.86% | 121.00% | 20.97% | -4.87% | -9.79% | -87.57% | -95.42% | 216.11% | 790.22% | -6818.20% | 1596.23% | -49.82% | -78.47% | 2.69% | 175.58% | 209.52% | 178.95% | 17.34% | 272.18% | -73.39% | -169.78% | -93.60% | -90.23% | -38.02% | -115.49% | -42.33% | -30.09% | -12.73% | 285.10% | -13.78% | -53.36% | -69.95% | -10.30% | 2.28% | 4.83% | 455.27% | 170.19% | -23.14% | 122.58% | 57.00% | 49.47% | 29.17% | 30.62% | 34.88% | ||||||||||||||
qoq | -91.52% | 4627.32% | -116.41% | -183.33% | 256.80% | 38.38% | -76.41% | -67.98% | -50.52% | -1028.43% | -84.82% | 2373.08% | -83.12% | 372.03% | -49.42% | 15.18% | -47.97% | -56.67% | 118.59% | 615.75% | -91.01% | -165.86% | -64.77% | 555.11% | -312.59% | -14.91% | 25.30% | -197.50% | -216.36% | -33.09% | 18.82% | -113.44% | -142.83% | 4521.70% | 234.62% | 1.43% | -89.19% | 36.73% | 43.56% | 383.84% | -70.98% | 53.56% | 29.38% | 103.52% | -7.96% | -89.02% | -439.22% | -118.66% | 40.53% | -30.33% | -15.20% | -25.03% | -29.96% | -72.43% | 298.38% | -9.11% | -12.56% | 21.65% | -10.81% | -50.84% | -43.67% | 263.18% | 1.70% | -49.62% | 198.39% | 76.72% | -71.07% | 45.91% | 110.47% | 68.24% | -75.00% | 47.55% | 117.34% | ||||||||
net income margin % | -4.06% | -50.38% | -1.04% | 6.67% | -8.02% | -2.29% | -1.63% | -7.15% | -25.71% | -44.78% | 4.66% | 30.74% | 1.31% | 7.58% | 1.60% | 3.30% | 2.85% | 5.70% | 12.85% | 7.13% | 1.24% | 12.50% | -70.18% | -54.53% | -6.93% | 3.23% | 3.88% | 3.20% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% |
net loss attributable to non-controlling interest | 500,000 | 500,000 | 900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to penn entertainment, inc. | -72,900,000 | -864,600,000 | -44,550,000 | -36,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per share | -0.63 | -6.03 | -0.293 | -0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share | -0.63 | -6.03 | -0.293 | -0.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—basic | 144.6 | 143.5 | 149 | 152.3 | 152.1 | 152.2 | 152.1 | 151.9 | 152.1 | 150.9 | 152.8 | 153.3 | 161.2 | 157.6 | 164.8 | 168.2 | 158.7 | 156.1 | 156 | 155.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—diluted | 144.6 | 143.5 | 149 | 167 | 152.1 | 152.2 | 152.1 | 151.9 | 152.1 | 150.9 | 167.9 | 168.6 | 176.6 | 173 | 180.2 | 184.2 | 175.5 | 172.7 | 172.7 | 172.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -89,400,000 | 116,400,000 | -100,700,000 | -102,200,000 | -104,800,000 | -106,100,000 | -92,700,000 | 483,200,000 | 158,808,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn entertainment, inc. | -17,400,000 | 111,800,000 | -26,800,000 | -114,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | -0.12 | 0.73 | -0.18 | -0.76 | -2.35 | -4.8 | 0.51 | 3.35 | 0.14 | 0.78 | 0.16 | 0.31 | 0.24 | 0.55 | 1.27 | 0.58 | 0.36 | 1.02 | -1.69 | 1.72 | 0.43 | 0.47 | 0.54 | 0.45 | 0.51 | 1.03 | 1.84 | 0.51 | 0.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | -0.12 | 0.68 | -0.18 | -0.76 | -2.35 | -4.8 | 0.48 | 3.05 | 0.14 | 0.72 | 0.15 | 0.29 | 0.24 | 0.52 | 1.17 | 0.55 | 0.36 | 0.93 | -1.69 | 1.69 | 0.42 | 0.46 | 0.52 | 0.43 | 0.49 | 1.01 | 1.79 | 0.49 | 0.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net loss attributable to non-controlling interest | 300,000 | 500,000 | 800,000 | 300,000 | 200,000 | 700,000 | 300,000 | 300,000 | 100,000 | 300,000 | 100,000 | 200,000 | 100,000 | -1,600,000 | 700,000 | 500,000 | 400,000 | 200,000 | 190,000 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of barstool | 923,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on barstool acquisition | 83,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on reit transactions | 500,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn entertainment | -32,975,000 | -724,800,000 | 78,400,000 | 514,500,000 | 20,800,000 | 123,500,000 | 26,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -34,700,000 | -167,900,000 | -56,300,000 | -47,600,000 | -13,250,000 | -19,600,000 | -18,539,000 | -14,818,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
food, beverage, hotel and other | 318,200,000 | 307,500,000 | 301,300,000 | 273,000,000 | 270,900,000 | 255,600,000 | 240,300,000 | 192,900,000 | 132,000,000 | 136,100,000 | 46,300,000 | 213,200,000 | 257,700,000 | 266,000,000 | 260,955,000 | 248,060,000 | 226,331,000 | 138,769,000 | 133,664,000 | 130,969,000 | 148,009,000 | 153,833,000 | 152,148,000 | 147,741,000 | 145,642,000 | 147,554,000 | 144,390,000 | 137,848,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn national gaming | 51,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn national | 93,950,000 | 86,100,000 | 198,700,000 | 91,000,000 | 11,100,000 | 141,900,000 | -213,900,000 | -608,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 93,925,000 | 86,100,000 | 198,700,000 | 90,900,000 | 12,700,000 | 141,200,000 | -214,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive loss attributable to non-controlling interest | 25,000 | 100,000 | -1,600,000 | 700,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to penn national | 93,950,000 | 86,100,000 | 198,700,000 | 91,000,000 | 11,100,000 | 141,900,000 | -213,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - basic | 134 | 138.2 | 126.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 134 | 155.5 | 126.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share | -5,260,000 | -800,000 | 380,000 | 440 | 350 | -520 | 390 | 590 | 500 | -3,720 | 8,680 | 190 | 60 | 50 | 520 | 380 | 260 | 60 | 190 | 120 | 100 | 50 | 50 | 430 | -160 | 680 | 490 | 700 | 830 | 730 | 790 | 530 | 510 | 90 | 370 | 220 | 290 | 420 | |||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share | -5,260,000 | -790,000 | 380,000 | 440 | 350 | -500 | 380 | 570 | 480 | -3,670 | 8,430 | 180 | 60 | 50 | 510 | 370 | 260 | 50 | 190 | 120 | 100 | 50 | 50 | 400 | -160 | 630 | 440 | 630 | 740 | 660 | 710 | 480 | 460 | 90 | 340 | 200 | 270 | 380 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average basic shares outstanding | 115,700,000 | 115,700,000 | 115,200,000 | 115,982,000 | 116,293,000 | 97,105,000 | 90,854,000 | 82,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average diluted shares outstanding | 115,700,000 | 117,800,000 | 116,700,000 | 117,676,000 | 118,595,000 | 100,338,000 | 93,378,000 | 91,407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service and license fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursable management costs | 3,910,000 | 25,187,000 | 28,184,000 | 6,236,000 | 6,679,000 | 6,387,000 | 6,758,000 | 7,177,000 | 5,965,000 | 2,855,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recoveries on loan loss and unfunded loan commitments, net of impairment losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn | 34,100,000 | 43,900,000 | 51,547,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to penn national gaming, inc. | 40,992,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service fees | 1,510,750 | 637,000 | 2,968,000 | 2,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less promotional allowances | -46,812,000 | -48,843,000 | -45,983,000 | -41,858,000 | -44,334,000 | -45,643,000 | -44,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues | 608,162,250 | 789,651,000 | 826,913,000 | 816,085,000 | 769,036,000 | 806,247,000 | 796,463,000 | 776,224,000 | 742,910,000 | 765,597,000 | 769,422,000 | 756,451,000 | 739,297,000 | 700,956,000 | 664,138,000 | 645,940,000 | 652,146,000 | 641,080,000 | 714,435,000 | 761,371,000 | 798,246,000 | 707,044,000 | 712,551,000 | 736,059,000 | 710,905,000 | 687,879,000 | 667,023,000 | 638,256,000 | 598,311,000 | 592,323,000 | 620,426,000 | 580,817,000 | 612,226,000 | 617,887,000 | 620,586,000 | 613,494,000 | 629,450,000 | 625,244,000 | 596,258,000 | 572,861,000 | 586,111,000 | 537,773,000 | 569,243,000 | 888,100,000 | 593,474,000 | 289,306,000 | 864,001,000 | 595,320,000 | 330,771,000 | 216,512,000 | 866,048,000 | 549,926,000 | 225,210,000 | ||||||||||||||||||||||||||||
provision (recovery) for loan loss and unfunded loan commitments to the jivdc and impairment losses | -4,091,750 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recoveries | -17,000 | -68,000 | -181,500 | -726,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | 127,433,000 | 155,843,000 | 181,755,000 | 172,134,000 | 26,775,000 | 143,663,000 | 134,989,000 | 140,287,000 | 113,848,000 | 139,300,000 | 149,337,000 | 140,531,000 | 142,172,000 | 34,694,000 | 23,478,000 | 22,831,000 | 23,382,000 | 18,051,000 | 93,280,000 | 46,881,000 | 133,315,000 | 98,666,000 | 128,015,000 | 142,615,000 | 130,335,000 | 140,592,000 | 122,735,000 | 110,462,000 | 51,711,000 | 92,351,000 | 87,404,000 | 76,705,000 | 100,835,000 | 96,377,000 | 113,591,000 | 118,559,000 | 128,420,000 | 124,780,000 | 56,299,000 | 54,294,000 | 35,322,500 | 141,290,000 | 91,644,000 | 38,803,000 | |||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt and modification costs | -943,000 | -311,000 | -2,579,000 | -882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations before income taxes | 43,887,750 | 45,195,000 | 69,230,000 | 61,126,000 | -85,926,000 | 30,276,000 | 23,304,000 | 7,302,000 | 7,274,000 | 37,062,000 | 44,839,000 | 31,442,000 | 40,280,000 | 28,040,000 | 20,256,000 | 16,541,000 | 12,930,000 | 11,337,000 | 70,449,000 | 26,387,000 | 108,038,000 | 77,784,000 | 112,966,000 | 125,473,000 | 109,081,000 | 114,309,000 | 89,765,000 | 82,782,000 | 19,774,000 | 56,056,000 | 45,380,000 | 50,928,000 | 74,477,000 | 255,185,000 | 68,882,000 | 72,726,000 | 73,256,000 | 77,121,000 | |||||||||||||||||||||||||||||||||||||||||||
income tax provision | 10,000,250 | 9,070,000 | 15,242,000 | 15,689,000 | 252,134,000 | -759,064,000 | 6,225,000 | 2,198,000 | 2,242,000 | -9,473,000 | 10,804,000 | 7,734,000 | 35,380,000 | 11,154,000 | 9,260,000 | 8,042,000 | 8,754,000 | 6,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery) provision for loan loss and unfunded loan commitments to the jivdc and impairment losses | -16,985,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service and licensing fees | 2,202,250 | 3,550,000 | 2,932,000 | 2,327,000 | 2,781,000 | 3,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on loans to the jamul tribe | 5,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service fee | 2,964,000 | 2,473,000 | 2,871,000 | 2,816,000 | 1,927,000 | 3,240,000 | 3,105,000 | 2,458,000 | 3,685,000 | 3,667,000 | 3,047,000 | 4,347,000 | 3,614,000 | 3,443,000 | 4,476,000 | 4,037,000 | 3,317,000 | 4,363,000 | 4,012,000 | 3,194,000 | 4,239,000 | 3,674,000 | 3,033,000 | 4,898,000 | 4,694,000 | 3,985,000 | 5,217,000 | 4,341,000 | 3,474,000 | 4,019,000 | 4,819,000 | 4,921,000 | 4,387,000 | 13,968,000 | 8,767,000 | 4,067,000 | 11,950,000 | 7,366,000 | 3,458,000 | 2,467,250 | 9,869,000 | 5,864,000 | 2,699,000 | ||||||||||||||||||||||||||||||||||||||
food, beverage and other | 124,721,000 | 117,421,000 | 108,763,000 | 107,266,000 | 110,574,000 | 104,870,000 | 112,687,000 | 121,044,000 | 121,860,000 | 103,735,000 | 109,955,000 | 112,908,000 | 109,681,000 | 94,391,000 | 85,289,000 | 85,787,000 | 84,752,000 | 80,432,000 | 87,404,000 | 86,247,000 | 84,622,000 | 88,670,000 | 81,845,000 | 81,525,000 | 82,418,000 | 82,894,000 | 73,770,000 | 111,517,000 | 59,198,000 | 52,417,000 | 52,568,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental expense related to master lease | 109,519,000 | 108,845,000 | 104,625,000 | 104,613,000 | 104,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance (recoveries) deductible charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance deductible charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance deductible charges (recoveries) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from unconsolidated affiliates | 2,296,000 | 3,821,000 | 1,721,000 | 807,000 | 1,054,000 | 1,685,000 | 17,293,000 | 431,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes on income | 29,132,000 | 38,567,000 | 42,767,000 | 31,338,000 | 46,299,000 | 46,854,000 | 38,278,000 | 38,320,000 | 38,237,000 | 34,437,000 | 12,802,000 | 19,901,000 | 24,029,000 | 22,448,000 | 33,816,000 | 107,694,000 | 31,859,000 | 31,990,000 | 35,347,000 | 34,957,000 | 34,180,000 | 57,630,000 | 36,548,000 | 33,001,000 | 29,673,000 | 27,793,000 | 16,407,000 | 9,352,000 | 39,550,000 | 27,029,000 | 10,580,000 | 6,515,500 | 26,062,000 | 17,689,000 | 8,345,000 | ||||||||||||||||||||||||||||||||||||||||||||||
insurance deductible charges, net of recoveries | 2,500,000 | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recoveries, net of deductible charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income including noncontrolling interests | 70,803,000 | 75,989,000 | 51,528,000 | 48,345,000 | 6,972,000 | 36,155,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the shareholders of penn national gaming, inc. and subsidiaries | 70,803,000 | 75,989,000 | 51,528,000 | 48,345,000 | 9,156,000 | 36,164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share attributable to the shareholders of penn national gaming, inc. and subsidiaries: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hollywood casino joliet fire (gain) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross revenues | 672,457,000 | 631,954,000 | 626,999,000 | 657,126,000 | 616,311,000 | 647,558,000 | 651,992,000 | 652,934,000 | 646,146,000 | 662,352,000 | 657,516,000 | 626,337,000 | 601,721,000 | 613,993,000 | 561,777,000 | 595,413,000 | 935,453,000 | 626,999,000 | 306,191,000 | 913,409,000 | 628,014,000 | 353,026,000 | 229,791,000 | 919,164,000 | 581,589,000 | 236,905,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
empress casino hotel fire | 155,000 | 59,000 | 211,000 | 331,000 | 5,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss for replaced lawrenceburg vessel | 136,000 | 120,000 | 11,689,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from joint venture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merger termination settlement fees, net of related expenses | 195,471,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other (expenses) income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from joint venture | 325,000 | 40,000 | 574,000 | 413,000 | 1,216,000 | 985,000 | 343,000 | 1,298,000 | 1,092,000 | 460,000 | 408,000 | 1,632,000 | 1,305,000 | 588,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 133,879,000 | 199,048,000 | 128,055,000 | 121,837,000 | 128,901,000 | 132,234,000 | 89,941,000 | 16,254,000 | 163,883,000 | 110,768,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 81,937,000 | 145,633,000 | 76,947,000 | 75,696,000 | 71,656,000 | 78,743,000 | 47,553,000 | 25,606,000 | 108,094,000 | 73,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | 46,590,000 | 88,003,000 | 40,399,000 | 42,695,000 | 41,983,000 | 50,950,000 | 68,544,000 | 46,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations, net of tax | -653,000 | 114,661,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of tax | -0.01 | 1.36 | 0.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
racing | 10,069,250 | 13,075,000 | 13,635,000 | 13,567,000 | 37,768,000 | 25,522,000 | 11,793,000 | 38,359,000 | 43,695,000 | 24,640,000 | 20,950,000 | 83,800,000 | 56,380,000 | 25,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hurricane expense | 19,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement costs | 28,175,000 | 28,175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share-basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share-diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings (loss) per share-basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
food, beverage and other revenue | 110,226,000 | 76,733,000 | 37,280,000 | 111,935,000 | 77,160,000 | 41,120,000 | 25,493,250 | 101,973,000 | 62,486,000 | 24,633,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: promotional allowances | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
food, beverage and other expenses | 74,193,000 | 49,335,000 | 23,848,000 | 73,155,000 | 50,574,000 | 28,785,000 | 18,568,250 | 74,273,000 | 44,965,000 | 16,607,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of capitalized interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from discontinued operations, net of tax (benefit) of (4,180) and (2,989), respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations, net of tax of -0- and 20,401, respectively | 37,888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share – basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | 1.01 | 0.34 | 0.19 | 1.36 | 0.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share – diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | 0.97 | 0.33 | 0.19 | 1.32 | 0.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 82,754 | 82,497 | 82,198 | 40,116 | 39,974 | 39,859 | 39,408 | 39,320 | 39,219 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 85,777 | 85,563 | 85,390 | 41,520 | 41,290 | 41,112 | 40,525 | 40,413 | 40,280 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from discontinued operations, net of tax (benefit) of (4,180) and (1,749), respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: promotional allowances. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from discontinued operations, net of tax (benefit) of (1,864) and (245), respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on change in fair values of interest rate swaps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from discontinued operations, net of tax benefit of 3,652 and 7,444, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share — basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share — diluted | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from discontinued operations, net of tax benefit of 2,596 and 4,911, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income | 0.45 | 0.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income | 0.43 | 0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share data | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 686,600,000 | 660,100,000 | 671,600,000 | 591,600,000 | 706,600,000 | 834,000,000 | 877,600,000 | 903,600,000 | 1,071,800,000 | 1,317,900,000 | 1,271,600,000 | 1,311,300,000 | 1,624,000,000 | 1,728,400,000 | 1,708,300,000 | 1,805,500,000 | 1,863,900,000 | 2,729,300,000 | 2,274,700,000 | 2,062,200,000 | 1,853,800,000 | 1,873,100,000 | 1,244,300,000 | 730,700,000 | 437,400,000 | 406,900,000 | 378,766,000 | 400,280,000 | 479,598,000 | 244,548,000 | 200,151,000 | 217,997,000 | 277,953,000 | 264,907,000 | 224,399,000 | 259,488,000 | 201,768,000 | 221,360,000 | 214,238,000 | 223,489,000 | 233,118,000 | 237,729,000 | 230,707,000 | 251,299,000 | 287,695,000 | 267,871,000 | 235,135,000 | 247,702,000 | 217,432,000 | 204,126,000 | 217,451,000 | 207,821,000 | 321,985,000 | 234,478,000 | 355,442,000 | 398,204,000 | 642,507,000 | 764,409,000 | 795,117,000 | 738,236,000 | 125,656,000 | 124,371,000 | 167,899,000 | 179,137,000 | 159,594,000 | 170,822,000 | 168,515,000 | 136,322,000 | 130,318,000 | 138,120,000 | 210,502,000 | 173,943,000 | 155,303,000 | 210,502,000 | 118,361,000 | 83,200,000 | 122,573,000 | 118,361,000 | 118,052 | 82,550,000 | 94,198,000 | 118,052,000 |
accounts receivable | 254,200,000 | 231,000,000 | 252,100,000 | 253,300,000 | 256,800,000 | 239,700,000 | 251,900,000 | 282,300,000 | 319,000,000 | 252,800,000 | 289,600,000 | 260,200,000 | 246,400,000 | 155,800,000 | 169,400,000 | 122,900,000 | 195,000,000 | 154,100,000 | 96,400,000 | 138,600,000 | 71,100,000 | 50,100,000 | 88,700,000 | 91,600,000 | 106,442,000 | 114,439,000 | 106,837,000 | 49,542,000 | 54,969,000 | 56,563,000 | 62,805,000 | 54,081,000 | 48,984,000 | 49,490,000 | 43,209,000 | 47,069,000 | 47,029,000 | 40,929,000 | 45,135,000 | 40,918,000 | 42,303,000 | 69,521,000 | 53,137,000 | 42,453,000 | 52,135,000 | 56,888,000 | 56,851,000 | 53,602,000 | 55,569,000 | 41,812,000 | 51,822,000 | 41,512,000 | 43,917,000 | 46,253,000 | 37,846,000 | 49,074,000 | 45,463,000 | 39,746,000 | 54,559,000 | 54,681,000 | 60,072,000 | 50,651,000 | 41,237,000 | 45,075,000 | 53,829,000 | 58,857,000 | 53,305,000 | 46,263,000 | 36,002,000 | 37,949,000 | 45,615,000 | 36,002,000 | 34,475,000 | 32,446,000 | ||||||||
prepaid expenses | 151,700,000 | 141,500,000 | 122,300,000 | 127,500,000 | 152,300,000 | 155,900,000 | 158,300,000 | 156,600,000 | 225,600,000 | 168,000,000 | 114,000,000 | 123,800,000 | 106,100,000 | 111,800,000 | 132,800,000 | 134,300,000 | 132,300,000 | 112,000,000 | 104,400,000 | 112,200,000 | 103,500,000 | 49,500,000 | 57,100,000 | 76,700,000 | 72,800,000 | 73,961,000 | 67,856,000 | 62,971,000 | 40,122,000 | 37,321,000 | 44,252,000 | 43,780,000 | 54,965,000 | 48,213,000 | 55,631,000 | 59,538,000 | 61,189,000 | 65,976,000 | 66,150,000 | 62,185,000 | 82,381,000 | 45,807,000 | 70,056,000 | 84,840,000 | 37,306,000 | 65,482,000 | 74,525,000 | 81,658,000 | 40,536,000 | 36,468,000 | 38,834,000 | 32,883,000 | 45,813,000 | 42,841,000 | 38,600,000 | |||||||||||||||||||||||||||
other current assets | 73,600,000 | 55,100,000 | 49,600,000 | 45,100,000 | 38,700,000 | 51,300,000 | 45,000,000 | 50,400,000 | 42,600,000 | 30,600,000 | 27,500,000 | 23,400,000 | 36,900,000 | 62,500,000 | 48,400,000 | 50,300,000 | 32,400,000 | 43,700,000 | 34,800,000 | 35,800,000 | 31,300,000 | 61,300,000 | 209,900,000 | 40,000,000 | 56,900,000 | 50,065,000 | 56,629,000 | 28,252,000 | 14,154,000 | 16,064,000 | 15,871,000 | 16,494,000 | 28,375,000 | 51,957,000 | 52,508,000 | 48,515,000 | 13,091,000 | 13,177,000 | 12,819,000 | 15,452,000 | 10,913,000 | 10,667,000 | 30,036,000 | 10,250,000 | 13,889,000 | 11,646,000 | 11,480,000 | 47,040,000 | 47,289,000 | 38,039,000 | 52,079,000 | 52,494,000 | 77,727,000 | 78,215,000 | 77,830,000 | |||||||||||||||||||||||||||
total current assets | 1,166,100,000 | 1,087,700,000 | 1,095,600,000 | 1,017,500,000 | 1,154,400,000 | 1,280,900,000 | 1,332,800,000 | 1,392,900,000 | 1,659,000,000 | 1,780,700,000 | 1,735,700,000 | 1,753,400,000 | 2,013,400,000 | 2,058,500,000 | 2,058,900,000 | 2,113,000,000 | 2,223,600,000 | 3,039,100,000 | 2,552,400,000 | 2,347,700,000 | 2,085,000,000 | 2,186,500,000 | 1,646,600,000 | 1,270,000,000 | 642,800,000 | 628,200,000 | 609,234,000 | 639,204,000 | 677,658,000 | 348,366,000 | 308,505,000 | 334,683,000 | 401,032,000 | 402,328,000 | 373,553,000 | 417,117,000 | 353,030,000 | 342,709,000 | 340,420,000 | 373,654,000 | 406,641,000 | 417,243,000 | 404,073,000 | 497,101,000 | 507,637,000 | 401,235,000 | 401,282,000 | 427,458,000 | 439,127,000 | 377,409,000 | 377,206,000 | 370,332,000 | 485,485,000 | 421,154,000 | 541,894,000 | 597,502,000 | 819,968,000 | 969,256,000 | 988,780,000 | 911,302,000 | 284,600,000 | 291,364,000 | 296,361,000 | 304,437,000 | 262,197,000 | 286,285,000 | 401,963,000 | 282,254,000 | 283,167,000 | 305,965,000 | 392,353,000 | 307,766,000 | 259,532,000 | 392,353,000 | 202,479,000 | 161,525,000 | 197,113,000 | 202,479,000 | 601,929 | 170,017,000 | 179,677,000 | 601,929,000 |
property and equipment | 3,717,300,000 | 3,777,700,000 | 3,839,000,000 | 3,769,200,000 | 3,705,000,000 | 3,580,900,000 | 3,498,100,000 | 3,467,400,000 | 3,514,000,000 | 3,461,300,000 | 3,443,800,000 | 3,443,300,000 | 4,515,500,000 | 4,517,200,000 | 4,539,700,000 | 4,579,600,000 | 4,582,200,000 | 4,570,100,000 | 4,456,400,000 | 4,483,200,000 | 4,529,300,000 | 4,592,900,000 | 4,677,000,000 | 4,745,500,000 | 5,120,200,000 | 5,155,200,000 | 5,215,777,000 | 5,227,922,000 | 6,868,768,000 | 2,650,322,000 | 2,680,565,000 | 2,710,652,000 | 2,756,669,000 | 2,785,958,000 | 2,827,717,000 | 2,774,323,000 | 2,844,992,000 | 2,894,742,000 | 2,935,270,000 | 3,029,375,000 | 835,462,000 | 802,520,000 | 745,355,000 | 557,044,000 | 550,427,000 | 2,642,297,000 | 2,678,003,000 | 2,707,172,000 | 2,495,122,000 | 2,420,087,000 | 2,339,781,000 | 2,221,467,000 | 2,179,737,000 | 1,974,705,000 | 1,945,538,000 | 1,908,499,000 | 1,909,192,000 | 1,820,391,000 | 1,818,467,000 | 1,792,201,000 | 1,791,009,000 | 1,773,886,000 | 1,733,068,000 | 1,554,410,000 | 1,497,653,000 | 1,404,740,000 | 1,365,871,000 | 1,317,614,000 | 1,194,664,000 | 1,103,697,000 | ||||||||||||
investment in and advances to unconsolidated affiliates | 79,400,000 | 80,400,000 | 82,400,000 | 89,000,000 | 86,200,000 | 88,600,000 | 86,500,000 | 84,800,000 | 84,900,000 | 82,600,000 | 86,400,000 | 87,000,000 | 248,600,000 | 246,300,000 | 250,300,000 | 256,200,000 | 255,100,000 | 252,000,000 | 277,300,000 | 275,800,000 | 266,800,000 | 263,000,000 | 264,000,000 | 264,700,000 | 128,300,000 | 128,500,000 | 127,219,000 | 127,924,000 | 128,488,000 | 124,653,000 | 146,593,000 | 147,658,000 | 148,912,000 | 149,570,000 | 152,913,000 | 154,974,000 | 158,304,000 | 162,951,000 | 165,356,000 | 171,904,000 | 173,726,000 | 175,574,000 | 183,067,000 | 187,307,000 | 190,312,000 | 195,825,000 | 201,547,000 | 201,727,000 | 208,748,000 | 216,478,000 | 215,416,000 | 153,762,000 | 142,978,000 | 72,006,000 | 70,936,000 | 38,086,000 | 38,503,000 | |||||||||||||||||||||||||
goodwill | 1,786,600,000 | 1,784,800,000 | 2,643,200,000 | 2,563,000,000 | 2,563,100,000 | 2,664,300,000 | 2,648,200,000 | 2,664,700,000 | 2,695,100,000 | 2,687,300,000 | 2,957,100,000 | 2,926,000,000 | 2,689,500,000 | 2,661,800,000 | 2,799,600,000 | 2,847,100,000 | 2,822,500,000 | 1,175,100,000 | 1,165,600,000 | 1,157,100,000 | 1,157,100,000 | 1,270,700,000 | 1,350,400,000 | 1,354,127,000 | 1,279,496,000 | 1,228,422,000 | 1,008,891,000 | 1,008,891,000 | 1,008,097,000 | 1,008,097,000 | 1,007,701,000 | 1,025,887,000 | 989,859,000 | 993,633,000 | 911,942,000 | 911,942,000 | 911,923,000 | 274,764,000 | 276,173,000 | 491,048,000 | 492,515,000 | 493,925,000 | 1,308,079,000 | 1,309,413,000 | 1,379,355,000 | 1,176,358,000 | 1,178,136,000 | 1,179,025,000 | 1,181,708,000 | 1,183,057,000 | 1,184,418,000 | 1,375,948,000 | 1,377,286,000 | 1,378,623,000 | 1,595,875,000 | 1,595,875,000 | 1,598,571,000 | 2,013,284,000 | 2,013,454,000 | 2,012,330,000 | 2,010,727,000 | 2,010,169,000 | 1,866,487,000 | 1,869,444,000 | 1,894,074,000 | 1,832,986,000 | 1,828,069,000 | |||||||||||||||
other intangible assets | 1,404,800,000 | 1,506,300,000 | 1,516,400,000 | 1,523,800,000 | 1,529,900,000 | 1,624,800,000 | 1,606,100,000 | 1,605,500,000 | 1,618,200,000 | 1,721,400,000 | 2,218,600,000 | 2,225,800,000 | 1,738,900,000 | 1,754,600,000 | 1,842,100,000 | 1,864,100,000 | 1,872,600,000 | 1,550,500,000 | 1,531,700,000 | 1,511,900,000 | 1,513,500,000 | 2,026,500,000 | 2,104,500,000 | 2,110,863,000 | 1,923,347,000 | 1,856,868,000 | 472,968,000 | 475,317,000 | 469,578,000 | 422,606,000 | 426,350,000 | 430,332,000 | 432,558,000 | 431,989,000 | 390,769,000 | 391,149,000 | 431,876,000 | 370,820,000 | 370,602,000 | 475,096,000 | 375,200,000 | 379,852,000 | 693,932,000 | 698,467,000 | 706,718,000 | 526,382,000 | 471,380,000 | 421,420,000 | 421,117,000 | 418,923,000 | 418,050,000 | 420,304,000 | 402,254,000 | 375,294,000 | 685,843,000 | 690,443,000 | 692,104,000 | 769,771,000 | 771,723,000 | 775,493,000 | 776,189,000 | 778,137,000 | 775,449,000 | 726,126,000 | 727,555,000 | 740,385,000 | 742,044,000 | |||||||||||||||
operating lease right-of-use assets | 3,966,100,000 | 3,899,300,000 | 3,831,200,000 | 3,905,000,000 | 3,976,800,000 | 4,030,600,000 | 4,110,700,000 | 4,189,300,000 | 4,613,300,000 | 4,592,000,000 | 4,458,257,000 | 3,972,527,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use assets | 1,924,300,000 | 1,946,900,000 | 1,969,600,000 | 1,991,800,000 | 2,014,300,000 | 2,036,900,000 | 2,059,600,000 | 2,019,100,000 | 224,000,000 | 222,700,000 | 224,641,000 | 222,418,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 223,900,000 | 227,400,000 | 229,300,000 | 230,700,000 | 232,000,000 | 207,500,000 | 196,000,000 | 190,700,000 | 187,300,000 | 173,500,000 | 211,600,000 | 189,300,000 | 192,900,000 | 187,800,000 | 208,900,000 | 219,200,000 | 263,100,000 | 334,100,000 | 327,700,000 | 326,600,000 | 297,900,000 | 264,100,000 | 194,200,000 | 157,200,000 | 168,700,000 | 136,500,000 | 109,107,000 | 105,333,000 | 120,196,000 | 93,534,000 | 87,182,000 | 86,194,000 | 85,653,000 | 86,152,000 | 89,465,000 | 86,366,000 | 108,793,000 | 140,548,000 | 137,759,000 | 79,408,000 | 79,358,000 | 77,631,000 | 128,945,000 | 116,606,000 | 101,691,000 | 125,694,000 | 112,897,000 | 109,187,000 | 93,803,000 | 89,238,000 | 85,295,000 | 101,397,000 | 114,297,000 | 109,253,000 | 104,277,000 | 117,054,000 | 96,661,000 | 108,800,000 | 80,394,000 | 126,000,000 | 138,465,000 | 134,110,000 | 130,239,000 | 132,900,000 | 116,541,000 | 106,148,000 | 77,154,000 | 72,954,000 | 90,656,000 | 87,368,000 | ||||||||||||
total assets | 14,268,500,000 | 14,310,500,000 | 15,206,700,000 | 15,090,000,000 | 15,261,700,000 | 15,514,500,000 | 15,538,000,000 | 15,614,400,000 | 16,064,200,000 | 16,168,600,000 | 17,028,000,000 | 17,040,000,000 | 17,502,100,000 | 17,535,100,000 | 17,880,800,000 | 18,071,100,000 | 16,872,100,000 | 15,748,700,000 | 15,078,200,000 | 14,888,200,000 | 14,667,300,000 | 14,812,000,000 | 14,321,500,000 | 13,938,400,000 | 14,194,500,000 | 14,318,000,000 | 14,209,225,000 | 13,498,171,000 | 10,961,012,000 | 5,083,842,000 | 5,091,830,000 | 5,165,533,000 | 5,234,812,000 | 5,569,401,000 | 4,984,019,000 | 4,947,040,000 | 5,251,679,000 | 5,142,753,000 | 5,128,688,000 | 5,142,006,000 | 2,325,048,000 | 2,280,678,000 | 2,463,099,000 | 2,253,858,000 | 2,253,440,000 | 5,396,738,000 | 5,433,370,000 | 5,565,576,000 | 4,968,196,000 | 4,782,989,000 | 4,649,963,000 | 4,484,261,000 | 4,547,468,000 | 4,434,787,000 | 4,489,679,000 | 4,474,486,000 | 4,655,748,000 | 5,251,239,000 | 5,217,004,000 | 5,166,415,000 | 5,049,794,000 | 5,040,174,000 | 5,005,573,000 | 4,843,552,000 | 4,732,942,000 | 4,509,819,000 | 4,514,082,000 | 4,370,924,000 | 4,273,849,000 | 4,201,512,000 | 1,950,675,000 | 1,701,411,000 | 1,842,921,000 | 1,950,675,000 | 1,628,135,000 | 1,664,395,000 | ||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 54,200,000 | 69,700,000 | 64,800,000 | 65,600,000 | 50,800,000 | 66,700,000 | 46,100,000 | 38,200,000 | 36,600,000 | 44,500,000 | 52,400,000 | 45,900,000 | 40,100,000 | 40,900,000 | 38,900,000 | 45,500,000 | 53,300,000 | 36,700,000 | 38,300,000 | 26,700,000 | 33,200,000 | 64,400,000 | 30,600,000 | 74,300,000 | 40,300,000 | 39,500,000 | 28,350,000 | 31,388,000 | 30,551,000 | 21,801,000 | 24,131,000 | 18,782,000 | 26,048,000 | 24,104,000 | 28,975,000 | 29,292,000 | 60,823,000 | 68,949,000 | 68,059,000 | 68,190,000 | 73,393,000 | 66,587,000 | 41,689,000 | 60,773,000 | 24,887,000 | 28,317,000 | 25,256,000 | 37,198,000 | 57,605,000 | 30,332,000 | 29,447,000 | 23,221,000 | 19,391,000 | 14,174,000 | 19,867,000 | 23,852,000 | 23,230,000 | 15,438,000 | 49,774,000 | 27,899,000 | 26,753,000 | 44,966,000 | 32,263,000 | 34,074,000 | 20,017,000 | 17,344,000 | 37,928,000 | 43,472,000 | 20,163,000 | 22,286,000 | 15,575,000 | 8,765,000 | 12,376,000 | 15,575,000 | 21,331,000 | 9,061,000 | 16,457,000 | 21,331,000 | 53,306 | 30,372,000 | 33,596,000 | 53,306,000 |
current maturities of long-term debt | 38,200,000 | 38,200,000 | 38,200,000 | 38,200,000 | 38,200,000 | 38,200,000 | 38,200,000 | 47,600,000 | 47,600,000 | 56,700,000 | 56,200,000 | 56,200,000 | 56,200,000 | 55,800,000 | 55,800,000 | 99,500,000 | 99,500,000 | 95,100,000 | 90,400,000 | 85,800,000 | 81,400,000 | 84,800,000 | 72,100,000 | 67,700,000 | 62,900,000 | 62,900,000 | 62,505,000 | 62,505,000 | 62,140,000 | 39,223,000 | 37,087,000 | 35,498,000 | 35,612,000 | 36,235,000 | 35,675,000 | 35,561,000 | 81,741,000 | 100,664,000 | 96,543,000 | 87,801,000 | 44,015,000 | 40,890,000 | 30,547,000 | 27,823,000 | 27,600,000 | 100,688,000 | 82,594,000 | 88,368,000 | 46,974,000 | 42,600,000 | 44,581,000 | 45,581,000 | 3,052,000 | 745,680,000 | 2,970,000 | 4,297,000 | 74,640,000 | 1,221,000 | 99,106,000 | 99,441,000 | 105,774,000 | 101,811,000 | 97,629,000 | 89,187,000 | 72,792,000 | 56,426,000 | 40,058,000 | 18,481,000 | 18,447,000 | 18,433,000 | 161,104,000 | 1,827,000 | 1,805,000 | 161,104,000 | 124,736,000 | 4,906,000 | 5,473,000 | 124,736,000 | 387,510 | 10,043,000 | 15,994,000 | 387,510,000 |
current portion of financing obligations | 45,800,000 | 45,200,000 | 44,600,000 | 44,000,000 | 43,500,000 | 42,900,000 | 42,400,000 | 41,900,000 | 41,300,000 | 40,800,000 | 40,300,000 | 39,800,000 | 63,400,000 | 65,000,000 | 63,800,000 | 63,800,000 | 39,000,000 | 38,200,000 | 37,400,000 | 36,700,000 | 36,000,000 | 35,300,000 | 34,600,000 | 35,700,000 | 40,500,000 | 45,300,000 | 49,890,000 | 52,600,000 | 67,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 386,000,000 | 372,700,000 | 343,400,000 | 332,000,000 | 322,100,000 | 315,400,000 | 311,600,000 | 307,400,000 | 124,100,000 | 124,400,000 | 123,797,000 | 95,894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of finance lease liabilities | 45,700,000 | 49,000,000 | 52,100,000 | 54,000,000 | 53,200,000 | 52,500,000 | 51,800,000 | 37,400,000 | 6,500,000 | 6,300,000 | 6,214,000 | 5,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 905,600,000 | 867,900,000 | 849,800,000 | 840,100,000 | 907,300,000 | 845,500,000 | 809,500,000 | 865,200,000 | 1,021,900,000 | 789,800,000 | 749,800,000 | 801,600,000 | 804,700,000 | 797,900,000 | 737,700,000 | 735,800,000 | 798,500,000 | 764,700,000 | 651,900,000 | 660,400,000 | 575,100,000 | 609,700,000 | 560,400,000 | 510,500,000 | 631,300,000 | 598,900,000 | 589,750,000 | 572,122,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 1,475,500,000 | 1,442,700,000 | 1,392,900,000 | 1,373,900,000 | 1,415,100,000 | 1,361,200,000 | 1,299,600,000 | 1,337,700,000 | 1,490,000,000 | 1,252,800,000 | 1,226,700,000 | 1,271,000,000 | 1,158,700,000 | 1,148,300,000 | 1,085,900,000 | 1,122,900,000 | 1,133,200,000 | 1,077,700,000 | 958,100,000 | 947,300,000 | 860,000,000 | 921,400,000 | 827,800,000 | 813,900,000 | 905,600,000 | 877,300,000 | 860,506,000 | 820,383,000 | 738,436,000 | 472,637,000 | 489,344,000 | 475,319,000 | 530,009,000 | 492,203,000 | 500,576,000 | 467,122,000 | 552,897,000 | 540,553,000 | 530,274,000 | 534,854,000 | 491,524,000 | 454,877,000 | 440,271,000 | 395,680,000 | 394,833,000 | 478,163,000 | 457,048,000 | 471,715,000 | 436,588,000 | 383,637,000 | 394,580,000 | 363,670,000 | 309,017,000 | 1,010,086,000 | 308,927,000 | 311,471,000 | 364,126,000 | 346,042,000 | 438,948,000 | 430,145,000 | 493,027,000 | 498,227,000 | 482,271,000 | 452,396,000 | 379,699,000 | 361,243,000 | 415,671,000 | 394,022,000 | 278,877,000 | 319,073,000 | 407,050,000 | 251,348,000 | 279,765,000 | 407,050,000 | 300,674,000 | 138,320,000 | 132,589,000 | 300,674,000 | 580,627 | 178,694,000 | 193,012,000 | 580,627,000 |
long-term debt | 2,848,900,000 | 2,796,300,000 | 2,761,200,000 | 2,583,500,000 | 2,732,500,000 | 2,727,200,000 | 2,722,200,000 | 2,718,100,000 | 2,718,000,000 | 2,715,400,000 | 2,722,800,000 | 2,721,400,000 | 2,721,300,000 | 2,730,200,000 | 2,730,400,000 | 2,694,300,000 | 2,637,300,000 | 2,654,400,000 | 2,269,900,000 | 2,289,500,000 | 2,231,200,000 | 2,355,700,000 | 3,044,800,000 | 2,829,300,000 | 2,322,200,000 | 2,392,000,000 | 2,489,613,000 | 2,311,379,000 | 2,350,088,000 | 1,013,747,000 | 1,041,368,000 | 1,164,147,000 | 1,214,625,000 | 1,282,456,000 | 1,303,023,000 | 1,387,542,000 | 1,589,216,000 | 1,567,153,000 | 1,597,870,000 | 1,598,813,000 | 1,216,908,000 | 1,235,061,000 | 1,198,848,000 | 1,027,976,000 | 1,034,835,000 | 2,299,929,000 | 2,393,606,000 | 2,525,316,000 | 2,129,475,000 | 2,059,433,000 | 1,986,019,000 | 1,922,192,000 | 2,095,084,000 | 1,389,458,000 | 2,098,105,000 | 2,098,087,000 | 2,228,188,000 | 2,380,384,000 | 2,280,253,000 | 2,284,775,000 | 2,287,986,000 | 2,855,395,000 | 2,911,934,000 | 2,836,775,000 | 2,872,657,000 | 2,737,012,000 | 2,789,390,000 | 2,783,713,000 | 2,788,958,000 | 2,727,397,000 | 636,863,000 | 636,285,000 | 636,577,000 | 636,863,000 | 963,429,000 | 904,888,000 | 962,059,000 | 963,429,000 | 1,184,288 | 1,108,792,000 | 1,133,530,000 | 1,184,288,000 |
long-term portion of financing obligations | 2,297,800,000 | 2,309,400,000 | 2,320,800,000 | 2,332,000,000 | 2,343,100,000 | 2,354,100,000 | 2,364,900,000 | 2,375,600,000 | 2,386,100,000 | 2,396,500,000 | 2,406,800,000 | 2,417,000,000 | 3,970,700,000 | 3,984,700,000 | 4,001,300,000 | 4,017,400,000 | 4,057,800,000 | 4,067,800,000 | 4,077,500,000 | 4,087,000,000 | 4,096,400,000 | 4,075,500,000 | 4,084,600,000 | 4,093,500,000 | 4,102,200,000 | 4,110,800,000 | 4,119,159,000 | 4,129,233,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of operating lease liabilities | 3,592,400,000 | 3,534,400,000 | 3,497,100,000 | 3,577,100,000 | 3,654,300,000 | 3,710,900,000 | 3,791,300,000 | 3,868,800,000 | 4,450,600,000 | 4,439,100,000 | 4,317,349,000 | 3,868,392,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of finance lease liabilities | 2,017,400,000 | 2,027,600,000 | 2,037,500,000 | 2,048,700,000 | 2,062,300,000 | 2,075,800,000 | 2,089,200,000 | 2,053,300,000 | 219,400,000 | 217,800,000 | 219,475,000 | 216,948,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 87,800,000 | 117,300,000 | 82,900,000 | 72,600,000 | 61,000,000 | 83,800,000 | 74,200,000 | 44,800,000 | 117,600,000 | 154,600,000 | 261,800,000 | 230,400,000 | 33,900,000 | 37,800,000 | 227,900,000 | 213,000,000 | 189,100,000 | 145,700,000 | 148,100,000 | 134,600,000 | 126,300,000 | 120,700,000 | 130,500,000 | 177,300,000 | 80,612,000 | 385,108,000 | 384,777,000 | 388,058,000 | 390,943,000 | 635,864,000 | 129,011,000 | 127,576,000 | 120,161,000 | 112,287,000 | 107,300,000 | 30,267,000 | 50,751,000 | 45,302,000 | 74,589,000 | 76,189,000 | 71,715,000 | 38,987,000 | 36,674,000 | 36,863,000 | 36,146,000 | 31,856,000 | 29,679,000 | 28,833,000 | 25,459,000 | 21,624,000 | 21,479,000 | 22,753,000 | 20,375,000 | 22,900,000 | 21,541,000 | 20,635,000 | 21,715,000 | 18,909,000 | 19,257,000 | 16,244,000 | 24,357,000 | 23,856,000 | 22,187,000 | 33,992,000 | 32,153,000 | 48,369,000 | 19,924,000 | 31,687,000 | 31,324,000 | 19,924,000 | 17,477,000 | 17,568,000 | 18,026,000 | 17,477,000 | 28,393 | 31,610,000 | 28,408,000 | 28,393,000 | ||||
other long-term liabilities | 121,200,000 | 130,000,000 | 131,700,000 | 132,800,000 | 135,000,000 | 140,600,000 | 143,700,000 | 144,100,000 | 146,300,000 | 199,900,000 | 132,700,000 | 125,000,000 | 117,900,000 | 125,700,000 | 127,600,000 | 130,300,000 | 129,000,000 | 131,800,000 | 132,100,000 | 126,300,000 | 119,400,000 | 111,500,000 | 105,100,000 | 98,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 12,441,000,000 | 12,357,700,000 | 12,224,100,000 | 12,120,600,000 | 12,403,300,000 | 12,453,600,000 | 12,485,100,000 | 12,542,400,000 | 12,864,600,000 | 12,687,800,000 | 12,819,200,000 | 12,864,900,000 | 13,905,500,000 | 13,919,100,000 | 14,114,800,000 | 14,118,400,000 | 12,775,000,000 | 12,677,300,000 | 12,120,400,000 | 12,132,400,000 | 12,011,500,000 | 12,180,300,000 | 12,816,600,000 | 12,660,800,000 | 12,342,600,000 | 12,378,600,000 | 12,317,517,000 | 11,636,360,000 | 10,229,791,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred stock | 11,800,000 | 11,800,000 | 19,400,000 | 19,400,000 | 19,400,000 | 19,400,000 | 25,800,000 | 25,800,000 | 24,200,000 | 24,200,000 | 23,100,000 | 23,100,000 | 23,100,000 | 23,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,700,000 | 1,700,000 | 1,700,000 | 1,700,000 | 1,700,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | 1,400,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,176,000 | 1,189,000 | 1,188,000 | 945,000 | 943,000 | 937,000 | 933,000 | 929,000 | 934,000 | 931,000 | 855,000 | 849,000 | 834,000 | 826,000 | 795,000 | 791,000 | 781,000 | 781,000 | 780,000 | 785,000 | 780,000 | 774,000 | 761,000 | 760,000 | 758,000 | 776,000 | 783,000 | 781,000 | 774,000 | 785,000 | 787,000 | 785,000 | 784,000 | 782,000 | 859,000 | 887,000 | 887,000 | 884,000 | 874,000 | 872,000 | 868,000 | 865,000 | 864,000 | |||||||||||||
exchangeable shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -1,137,200,000 | -1,051,300,000 | -895,800,000 | -804,600,000 | -779,500,000 | -779,500,000 | -779,500,000 | -779,500,000 | -779,500,000 | -779,600,000 | -779,700,000 | -679,500,000 | -629,500,000 | -538,500,000 | -370,500,000 | -203,500,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,400,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | -28,414,000 | ||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 4,652,800,000 | 4,626,700,000 | 4,597,700,000 | 4,567,300,000 | 4,542,400,000 | 4,514,300,000 | 4,487,400,000 | 4,459,900,000 | 4,436,600,000 | 4,406,500,000 | 4,353,000,000 | 4,333,600,000 | 4,220,200,000 | 4,201,900,000 | 4,187,300,000 | 4,170,400,000 | 4,239,600,000 | 3,204,400,000 | 3,178,500,000 | 3,175,200,000 | 3,167,200,000 | 3,155,800,000 | 2,170,400,000 | 1,728,900,000 | 1,718,300,000 | 1,712,900,000 | 1,708,904,000 | 1,730,351,000 | 1,726,401,000 | 1,023,843,000 | 1,018,723,000 | 1,011,322,000 | 1,007,606,000 | 1,002,440,000 | 1,016,075,000 | 1,011,167,000 | 1,007,504,000 | 1,000,771,000 | 992,608,000 | 980,857,000 | 936,391,000 | 929,598,000 | 911,615,000 | 908,271,000 | 903,463,000 | 1,500,928,000 | 1,479,945,000 | 1,454,864,000 | 1,420,169,000 | 1,411,670,000 | 1,399,383,000 | 1,450,937,000 | 1,469,031,000 | 1,458,052,000 | 1,430,332,000 | 1,476,105,000 | 1,476,153,000 | 1,472,066,000 | 1,463,757,000 | 1,452,821,000 | 307,759,000 | 333,495,000 | 328,046,000 | 309,398,000 | 276,981,000 | 267,265,000 | 251,943,000 | 241,299,000 | 235,964,000 | 228,140,000 | 197,464,000 | 207,687,000 | 206,871,000 | 197,464,000 | 165,372,000 | 178,233,000 | 171,483,000 | 165,372,000 | 154,711 | 158,136,000 | 156,334,000 | 154,711,000 |
accumulated deficit | -1,490,100,000 | -1,417,200,000 | -552,600,000 | -535,200,000 | -647,000,000 | -513,700,000 | -477,000,000 | -450,200,000 | -86,500,000 | -967,949,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -193,300,000 | -201,200,000 | -163,000,000 | -255,300,000 | -255,000,000 | -158,200,000 | -176,800,000 | -157,300,000 | -121,300,000 | -168,700,000 | -124,000,000 | -160,400,000 | -168,600,000 | -201,100,000 | -81,300,000 | -18,600,000 | -54,400,000 | -1,453,000 | -1,453,000 | -1,453,000 | -1,185,000 | -3,022,000 | -4,239,000 | -3,494,000 | -3,282,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total penn entertainment, inc. stockholders’ equity | 1,834,000,000 | 1,958,800,000 | 2,988,100,000 | 2,974,000,000 | 2,862,700,000 | 3,064,700,000 | 3,055,900,000 | 3,074,700,000 | 3,202,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | -6,500,000 | -6,000,000 | -5,500,000 | -4,600,000 | -4,300,000 | -3,800,000 | -3,000,000 | -2,700,000 | -2,500,000 | -1,800,000 | -1,500,000 | -1,200,000 | -1,100,000 | -1,100,000 | -800,000 | -800,000 | -700,000 | -500,000 | -500,000 | -500,000 | -400,000 | -2,000,000 | -1,300,000 | -800,000 | -800,000 | -400,000 | -200,000 | -10,000 | -5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,827,500,000 | 1,952,800,000 | 2,982,600,000 | 2,969,400,000 | 2,858,400,000 | 3,060,900,000 | 3,052,900,000 | 3,072,000,000 | 3,199,600,000 | 3,480,800,000 | 4,208,800,000 | 4,175,100,000 | 3,596,600,000 | 3,616,000,000 | 3,766,000,000 | 3,952,700,000 | 4,097,100,000 | 3,071,400,000 | 2,957,800,000 | 2,755,800,000 | 2,655,800,000 | 2,631,700,000 | 1,504,900,000 | 1,277,600,000 | 1,851,900,000 | 1,939,400,000 | 1,891,708,000 | 1,861,811,000 | 731,221,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 14,268,500,000 | 14,310,500,000 | 15,206,700,000 | 15,090,000,000 | 15,261,700,000 | 15,514,500,000 | 15,538,000,000 | 15,614,400,000 | 16,064,200,000 | 16,168,600,000 | 17,028,000,000 | 17,040,000,000 | 17,502,100,000 | 17,535,100,000 | 17,880,800,000 | 18,071,100,000 | 16,872,100,000 | 15,748,700,000 | 15,078,200,000 | 14,888,200,000 | 14,667,300,000 | 14,812,000,000 | 14,321,500,000 | 13,938,400,000 | 14,194,500,000 | 14,318,000,000 | 14,209,225,000 | 13,498,171,000 | 10,961,012,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
lease right-of-use assets | 6,305,700,000 | 6,261,800,000 | 6,374,800,000 | 6,415,200,000 | 6,103,300,000 | 6,108,900,000 | 6,181,300,000 | 6,191,900,000 | 4,853,000,000 | 4,827,800,000 | 4,767,100,000 | 4,785,900,000 | 4,817,700,000 | 4,832,700,000 | 4,862,300,000 | 4,817,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of lease liabilities | 342,600,000 | 321,000,000 | 328,000,000 | 327,500,000 | 194,300,000 | 188,700,000 | 189,700,000 | 178,300,000 | 142,900,000 | 143,000,000 | 140,100,000 | 137,700,000 | 134,300,000 | 127,200,000 | 130,100,000 | 125,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of lease liabilities | 6,006,600,000 | 5,968,600,000 | 6,068,400,000 | 6,100,100,000 | 5,903,000,000 | 5,892,400,000 | 5,941,700,000 | 5,940,500,000 | 4,628,600,000 | 4,599,900,000 | 4,534,700,000 | 4,547,700,000 | 4,578,200,000 | 4,595,500,000 | 4,623,800,000 | 4,646,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | -335,500,000 | 22,600,000 | 747,400,000 | 669,000,000 | 154,500,000 | 133,700,000 | 10,200,000 | -15,900,000 | -131,500,000 | -217,600,000 | -416,300,000 | -507,300,000 | -518,400,000 | -660,300,000 | -446,400,000 | 161,600,000 | 254,100,000 | 210,242,000 | 158,695,000 | 889,581,000 | 848,264,000 | 860,444,000 | 774,934,000 | 728,488,000 | 661,821,000 | 539,171,000 | 468,368,000 | 392,512,000 | 491,072,000 | 442,727,000 | 433,571,000 | 752,847,000 | 731,496,000 | 703,016,000 | 1,040,928,000 | 893,437,000 | 856,414,000 | 783,455,000 | 736,865,000 | 698,566,000 | 667,557,000 | 580,207,000 | 425,147,000 | 382,452,000 | 235,341,000 | 302,865,000 | 247,464,000 | 235,341,000 | 165,842,000 | 202,681,000 | 185,492,000 | 165,842,000 | 109,771 | 138,873,000 | 125,244,000 | 109,771,000 | ||||||||||||||||||||||||||
inventory | 11,400,000 | 33,000,000 | 34,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total penn entertainment stockholders’ equity | 3,482,600,000 | 4,210,300,000 | 4,176,300,000 | 3,597,700,000 | 3,617,100,000 | 3,766,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total penn national gaming stockholders’ equity | 3,953,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total penn national stockholders’ equity | 4,097,800,000 | 3,071,900,000 | 2,958,300,000 | 2,756,300,000 | 2,656,200,000 | 2,633,700,000 | 1,506,200,000 | 1,278,400,000 | 1,852,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 138,500,000 | 137,500,000 | 30,346,000 | 30,346,000 | 22,574 | 26,379,000 | 27,604,000 | 22,574,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax receivable | 64,000,000 | 64,200,000 | 53,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 2,672,800,000 | 2,677,400,000 | 2,683,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 336,300,000 | 139,124,000 | 136,883,000 | 139,124,000 | 196,346,000 | 145,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 99,000,000 | 105,586,000 | 96,514,000 | 94,114,000 | 81,510,000 | 82,670,000 | 93,403,000 | 49,133,000 | 58,405,000 | 37,009,000 | 46,532,000 | 57,432,000 | 53,083,000 | 47,312,000 | 37,695,000 | 26,687,000 | 23,042,000 | 25,017,000 | 26,687,000 | 29,861,000 | 18,699,000 | 16,485,000 | 29,861,000 | 30,298 | 29,478,000 | 29,467,000 | 30,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent liabilities | 100,800,000 | 88,800,000 | 62,097,000 | 24,885,000 | 28,269,000 | 22,329,000 | 25,215,000 | 47,820,000 | 46,652,000 | 15,259,000 | 35,819,000 | 36,861,000 | 43,602,000 | 18,047,000 | 43,046,000 | 17,833,000 | 7,460,000 | 7,570,000 | 6,424,000 | 6,424,000 | 6,424,000 | 7,050,000 | 7,050,000 | 7,050,000 | 7,686,000 | 7,686,000 | 7,673,000 | 8,321,000 | 8,970,000 | 8,970,000 | 8,970,000 | 8,970,000 | 8,369,000 | 7,169,000 | 6,568,000 | 3,517,000 | 474,178,000 | 2,782,000 | 2,785,000 | 276,000 | 265,000 | 254,000 | 243,000 | 244,000 | 274,523,000 | 274,523,000 | 274,523,000 | 274,523,000 | ||||||||||||||||||||||||||||||||||
total penn stockholders’ equity | 1,939,800,000 | 1,891,908,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 7,631,045,000 | 3,414,586,000 | 2,085,154,000 | 2,102,760,000 | 2,120,198,000 | 2,077,111,000 | 2,381,115,000 | 1,782,749,000 | 1,755,600,000 | 2,053,657,000 | 1,905,302,000 | 1,852,998,000 | 1,738,977,000 | 1,082,945,000 | 1,060,915,000 | 1,313,671,000 | 1,199,713,000 | 1,195,376,000 | 2,353,206,000 | 2,354,085,000 | 2,430,946,000 | 2,033,947,000 | 1,985,493,000 | 1,932,976,000 | 1,892,462,000 | 1,882,246,000 | 2,038,928,000 | 2,002,247,000 | 1,968,485,000 | 1,926,588,000 | 2,461,592,000 | 2,409,757,000 | 2,462,912,000 | 2,974,185,000 | 2,974,924,000 | 2,976,144,000 | 2,984,705,000 | 2,973,092,000 | 2,818,794,000 | 2,746,248,000 | 2,771,056,000 | 2,796,018,000 | 2,791,850,000 | 960,640,000 | 804,791,000 | 964,784,000 | 960,640,000 | 686,195,000 | 872,677,000 | 841,773,000 | 686,195,000 | 707,707 | 721,773,000 | 707,534,000 | 707,707,000 | |||||||||||||||||||||||||||
noncurrent tax liabilities | 32,461,000 | 32,360,000 | 37,258,000 | 36,421,000 | 35,101,000 | 34,099,000 | 28,995,000 | 27,062,000 | 27,312,000 | 28,212,000 | 26,555,000 | 8,907,000 | 9,935,000 | 8,171,000 | 19,318,000 | 25,533,000 | 23,420,000 | 21,819,000 | 23,044,000 | 21,757,000 | 21,411,000 | 36,870,000 | 36,237,000 | 31,755,000 | 30,473,000 | 36,634,000 | 38,856,000 | 35,250,000 | 36,695,000 | 61,756,000 | 52,625,000 | 69,593,000 | 82,523,000 | 84,394,000 | 80,834,000 | 82,146,000 | 69,155,000 | 59,760,000 | ||||||||||||||||||||||||||||||||||||||||||||
total penn national gaming, inc. stockholders’ equity | 1,861,821,000 | 731,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to the jivdc, net of allowance for loan losses of 0 and 64,052 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses | 204,656,000 | 126,874,000 | 132,589,000 | 134,312,000 | 125,688,000 | 110,725,000 | 113,529,000 | 107,699,000 | 94,511,000 | 100,901,000 | 94,318,000 | 87,671,000 | 136,681,000 | 135,518,000 | 136,582,000 | 89,172,000 | 86,625,000 | 102,604,000 | 102,821,000 | 103,308,000 | 108,588,000 | 106,673,000 | 89,802,000 | 102,088,000 | 92,786,000 | 73,806,000 | 89,605,000 | 96,529,000 | 83,533,000 | 101,522,000 | 91,200,000 | 79,629,000 | 101,293,000 | 94,376,000 | 88,044,000 | 108,940,000 | 95,322,000 | 85,965,000 | 130,877,000 | 105,821,000 | 89,221,000 | 64,012,000 | 40,617,000 | 62,239,000 | 74,024,000 | 40,617,000 | ||||||||||||||||||||||||||||||||||||
accrued interest | 15,793,000 | 5,788,000 | 12,513,000 | 6,223,000 | 13,528,000 | 5,856,000 | 13,096,000 | 5,426,000 | 8,702,000 | 5,705,000 | 8,641,000 | 8,861,000 | 8,781,000 | 11,427,000 | 7,457,000 | 2,997,000 | 7,511,000 | 12,584,000 | 19,831,000 | 14,882,000 | 11,409,000 | 17,301,000 | 10,236,000 | 12,339,000 | 23,851,000 | 18,757,000 | 32,408,000 | 50,644,000 | 47,080,000 | 60,751,000 | 62,050,000 | 74,652,000 | 46,217,000 | 51,900,000 | 82,511,000 | 40,242,000 | 32,955,000 | 30,090,000 | 31,329,000 | 30,449,000 | 30,254,000 | 27,315,000 | 6,379,000 | 6,749,000 | 10,908,000 | 6,379,000 | ||||||||||||||||||||||||||||||||||||
accrued salaries and wages | 139,159,000 | 91,195,000 | 90,767,000 | 76,982,000 | 111,252,000 | 94,158,000 | 86,292,000 | 72,691,000 | 80,697,000 | 80,744,000 | 76,451,000 | 89,355,000 | 86,069,000 | 69,671,000 | 83,505,000 | 80,205,000 | 70,908,000 | 84,984,000 | 80,567,000 | 78,076,000 | 88,161,000 | 75,390,000 | 63,084,000 | 72,869,000 | 69,271,000 | 56,029,000 | 66,213,000 | 55,323,000 | 51,188,000 | 67,535,000 | 57,849,000 | 53,926,000 | 60,688,000 | 56,891,000 | 51,121,000 | 63,569,000 | 55,269,000 | 52,404,000 | 60,164,000 | 59,108,000 | 51,800,000 | 42,481,000 | 21,795,000 | 29,290,000 | 25,371,000 | 21,795,000 | ||||||||||||||||||||||||||||||||||||
gaming, pari-mutuel, property, and other taxes | 105,767,000 | 70,071,000 | 63,074,000 | 63,153,000 | 69,645,000 | 72,187,000 | 56,757,000 | 53,840,000 | 62,683,000 | 49,701,000 | 52,382,000 | 68,594,000 | 62,965,000 | 55,762,000 | 65,290,000 | 56,062,000 | 54,821,000 | 71,883,000 | 65,857,000 | 61,313,000 | 59,480,000 | 45,551,000 | 49,340,000 | 51,879,000 | 39,517,000 | 41,243,000 | 51,945,000 | 37,381,000 | 39,734,000 | 50,781,000 | 42,211,000 | 44,479,000 | 60,919,000 | 55,133,000 | 54,699,000 | 63,876,000 | 52,836,000 | 59,499,000 | 48,181,000 | 56,176,000 | 41,307,000 | 61,591,000 | ||||||||||||||||||||||||||||||||||||||||
other current liabilities | 112,593,000 | 91,770,000 | 89,272,000 | 87,945,000 | 89,584,000 | 86,155,000 | 101,728,000 | 96,542,000 | 107,809,000 | 75,242,000 | 72,661,000 | 72,677,000 | 73,528,000 | 64,771,000 | 72,166,000 | 70,777,000 | 109,979,000 | 74,197,000 | 71,997,000 | 75,114,000 | 61,810,000 | 58,791,000 | 59,763,000 | 53,294,000 | 55,472,000 | 52,267,000 | 42,686,000 | 42,631,000 | 42,184,000 | 38,739,000 | 36,758,000 | 33,378,000 | 39,072,000 | 43,614,000 | 40,678,000 | 31,253,000 | 33,394,000 | 31,026,000 | 26,778,000 | 27,857,000 | 23,143,000 | 42,957,000 | 13,122,000 | 12,681,000 | 17,258,000 | 13,122,000 | 13,308,000 | 10,785,000 | 11,197,000 | 13,308,000 | 11,849 | 8,369,000 | 10,282,000 | 11,849,000 | ||||||||||||||||||||||||||||
long-term financing obligations, net of current portion | 7,080,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to the jivdc, net of allowance for loan losses of 64,052 at december 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of financing obligation to glpi | 23,068,000 | 34,329,000 | 45,386,000 | 56,248,000 | 62,783,000 | 61,302,000 | 57,936,000 | 55,256,000 | 53,948,000 | 52,685,000 | 49,352,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance financing | 2,847,000 | 3,131,000 | 7,038,000 | 2,404,000 | 3,222,000 | 8,135,000 | 675,000 | 4,699,000 | 8,534,000 | 2,353,000 | 6,092,000 | 10,251,000 | 3,035,000 | 7,871,000 | 12,502,000 | 2,906,000 | 8,125,000 | 13,456,000 | 2,561,000 | 6,999,000 | 11,681,000 | 2,399,000 | 5,677,000 | 8,130,000 | 3,233,000 | 814,000 | 2,537,000 | 8,099,000 | 2,023,000 | 14,162,000 | 490,000 | 8,454,000 | 21,255,000 | 414,000 | 5,122,000 | 19,336,000 | 26,490,000 | |||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term financing obligation to glpi, net of current portion | 3,467,415,000 | 3,471,726,000 | 3,476,785,000 | 3,482,573,000 | 3,490,476,000 | 3,506,053,000 | 3,441,359,000 | 3,471,453,000 | 3,485,082,000 | 3,499,295,000 | 3,526,709,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total long-term liabilities | 4,540,749,000 | 4,574,730,000 | 4,723,853,000 | 4,777,949,000 | 4,817,186,000 | 5,000,968,000 | 5,020,650,000 | 5,252,644,000 | 5,209,124,000 | 5,247,511,000 | 5,283,354,000 | 1,234,303,000 | 1,250,802,000 | 1,224,590,000 | 1,070,425,000 | 1,080,458,000 | 2,526,350,000 | 2,646,704,000 | 2,775,247,000 | 2,332,727,000 | 2,256,198,000 | 2,190,885,000 | 2,129,676,000 | 2,300,342,000 | 1,576,624,000 | 2,271,960,000 | 2,264,424,000 | 2,405,393,000 | 2,711,067,000 | 2,613,790,000 | 2,624,623,000 | 3,222,676,000 | 3,332,650,000 | 3,374,163,000 | 3,303,734,000 | 3,332,701,000 | 3,184,205,000 | 3,177,248,000 | 3,154,179,000 | 3,318,667,000 | 3,264,048,000 | 1,112,529,000 | 942,149,000 | 1,111,749,000 | 1,112,529,000 | 992,713,000 | 1,110,127,000 | 1,175,712,000 | 992,713,000 | 1,218,556 | 1,167,970,000 | 1,170,020,000 | 1,218,556,000 | |||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained deficit | -925,918,000 | -962,043,000 | -1,016,031,000 | -1,051,818,000 | -713,758,000 | -1,503,098,000 | -1,520,177,000 | -1,530,313,000 | -1,576,848,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 70,456,000 | 27,756,000 | 260,012,000 | 676,305,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 5,083,842,000 | 5,091,830,000 | 5,569,401,000 | 4,273,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 2,451,000 | 36,646,000 | 1,956,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to the jivdc, net of allowance for loan losses of 64,052 at march 31, 2018 and december 31, 2017 | 20,613,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' deficit | -33,639,000 | -73,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' deficit | 5,165,533,000 | 5,234,812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to the jivdc, net of allowance for loan losses of 64,052 at december 31, 2017 and 0 at december 31, 2016 | 20,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to the jamul tribe, net of reserves of 11,926 at september 30, 2017 and 0 at december 31, 2016 | 75,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to the jamul tribe, net of reserves of 5,635 at june 30, 2017 and 0 at december 31, 2016 | 84,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ deficit | -517,525,000 | -540,732,000 | -553,862,000 | -606,924,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ deficit | 4,984,019,000 | 4,947,040,000 | 5,251,679,000 | 5,142,753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to the jamul tribe | 91,843,000 | 360,938,000 | 299,092,000 | 246,792,000 | 143,866,000 | 108,142,000 | 86,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 599,221,000 | 574,999,000 | 798,238,000 | 787,753,000 | 778,149,000 | 2,392,225,000 | 2,329,618,000 | 2,318,614,000 | 2,198,881,000 | 2,143,154,000 | 2,064,498,000 | 1,990,915,000 | 1,938,109,000 | 1,848,077,000 | 1,908,792,000 | 1,898,591,000 | 1,886,229,000 | 2,194,130,000 | 2,164,266,000 | 2,111,647,000 | 1,334,091,000 | 1,209,297,000 | 1,149,139,000 | 1,087,422,000 | 1,020,542,000 | 964,371,000 | 921,163,000 | 822,723,000 | 618,391,000 | 431,096,000 | 507,914,000 | 451,407,000 | 431,096,000 | 329,394,000 | 379,688,000 | 356,094,000 | 329,394,000 | 260,164 | 294,039,000 | 276,335,000 | 260,164,000 | |||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 5,128,688,000 | 5,142,006,000 | 2,325,048,000 | 2,280,678,000 | 2,463,099,000 | 2,253,858,000 | 2,253,440,000 | 5,396,738,000 | 5,433,370,000 | 5,565,576,000 | 4,968,196,000 | 4,782,989,000 | 4,649,963,000 | 4,484,261,000 | 4,547,468,000 | 4,434,787,000 | 4,489,679,000 | 4,474,486,000 | 4,655,748,000 | 5,251,239,000 | 5,217,004,000 | 5,166,415,000 | 5,049,794,000 | 5,040,174,000 | 5,005,573,000 | 4,843,552,000 | 4,732,942,000 | 4,509,819,000 | 4,514,082,000 | 4,370,924,000 | 4,201,512,000 | 1,950,675,000 | 1,701,411,000 | 1,842,921,000 | 1,950,675,000 | |||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 5,330 and 922 at september 30, 2014 and december 31, 2013, respectively | 26,617,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 302,000 | 931,000 | 629,000 | 2,532,000 | 3,017,000 | 2,236,000 | 2,536,000 | 8,201,000 | 47,000 | 3,174,000 | 2,731,000 | 16,708,000 | 9,314,000 | 1,821,000 | 648,000 | 477,000 | 1,821,000 | 148,000 | 2,970,000 | 3,438,000 | 148,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 3,861 and 922 at june 30, 2014 and december 31, 2013, respectively | 28,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 2,388 and 922 at march 31, 2014 and december 31, 2013, respectively | 29,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance receivable | 729,000 | 210,000 | 953,000 | 842,000 | 13,862,000 | 13,654,000 | 36,359,000 | 32,545,000 | 31,175,000 | 100,000,000 | 20,079,000 | 35,518,000 | 38,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 17,721 and 11,462 at september 30, 2013 and december 31, 2012, respectively | 29,676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 15,636 and 11,462 at june 30, 2013 and december 31, 2012, respectively | 31,761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 13,548 and 11,462 at march 31, 2013 and december 31, 2012, respectively | 33,959,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 9,530 and 4,860 at september 30, 2012 and december 31, 2011, respectively | 28,656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 7,977 and 4,860 at june 30, 2012 and december 31, 2011, respectively | 30,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 6,418 and 4,860 at march 31, 2012 and december 31, 2011, respectively | 31,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 3,313 and 45,234 at september 30, 2011 and december 31, 2010, respectively | 34,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan receivable | 230,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 51,315 and 45,234 at june 30, 2011 and december 31, 2010, respectively | 22,991,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 48,275 and 45,234 at march 31, 2011 and december 31, 2010, respectively | 24,701,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 42,193 and 39,703 at september 30, 2010 and december 31, 2009, respectively | 30,782,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
penn national gaming, inc. and subsidiaries shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total penn national gaming, inc. and subsidiaries shareholders’ equity | 1,908,792,000 | 1,901,349,000 | 1,886,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs, net of accumulated amortization of 39,153 and 39,703 at june 30, 2010 and december 31, 2009, respectively | 33,805,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees, net of accumulated amortization of 43,125 and 39,703 at march 31, 2010 and december 31, 2009, respectively | 37,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in and advances to unconsolidated affiliate | 26,237,000 | 13,754,000 | 14,136,000 | 14,945,000 | 15,114,000 | 14,748,000 | 15,935,000 | 16,481,000 | 16,134,000 | 16,138,000 | 16,277,000 | 18,018,000 | 17,597,000 | 16,072,000 | 16,944,000 | 16,714,000 | 16,072,000 | 14,535,000 | 15,372,000 | 15,167,000 | 14,535,000 | 16,736 | 16,995,000 | 16,667,000 | 16,736,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing fees, net of accumulated amortization of 39,774 and 38,914 at september 30, 2009 and december 31, 2008, respectively | 44,837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 44,533 and 38,914 at june 30, 2009 and december 31, 2008, respectively | 29,291,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 41,723 and 38,914 at march 31, 2009 and december 31, 2008, respectively | 32,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 14,718,000 | 38,149,000 | 49,046,000 | 26,872,000 | 16,700,000 | 23,367,000 | 21,020,000 | 26,168,000 | 4,542,000 | 39,998,000 | 128,730,000 | 110,281,000 | 121,529,000 | 128,730,000 | 7,397,000 | 25,733,000 | 8,710,000 | 7,397,000 | 5,678 | 15,656,000 | 11,102,000 | 5,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 36,104 and 27,680 at september 30, 2008 and december 31, 2007, respectively | 37,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 33,301 and 27,680 at june 30, 2008 and december 31, 2007, respectively | 40,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 30,490 and 27,680 at march 31, 2008 and december 31, 2007, respectively | 43,334,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 24,870 and 16,438 at september 30, 2007 and december 31, 2006, respectively | 48,954,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 22,060 and 16,438 at june 30, 2007 and december 31, 2006, respectively | 51,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 19,248 and 16,438 at march 31, 2007 and december 31, 2006, respectively | 54,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 16,438 and 7,349 at december 31, 2006 and 2005, respectively | 57,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted assets held for sale | 50,972,000 | 50,983,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 275,042,000 | 275,111,000 | 168,532,000 | 168,900,000 | 168,532,000 | 186,122,000 | 181,445,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 13,629 and 7,349 at september 30, 2006 and december 31, 2005, respectively | 60,196,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 10,818 and 7,349 at june 30, 2006 and december 31, 2005, respectively | 63,001,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock (.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2006, and 85,064,886 shares at december 31, 2005, issued) | 865,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 8,006 and 7,349 at march 31, 2006 and december 31, 2005, respectively | 65,789,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 96,961,000 | 96,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid income taxes | 2,277,000 | 2,274,000 | 2,273,000 | 2,277,000 | 6,434,000 | 7,583,000 | 7,583,000 | 6,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net property and equipment, at cost | 597,682,000 | 588,854,000 | 618,605,000 | 597,682,000 | 734,107,000 | 593,933,000 | 625,509,000 | 734,107,000 | 749,711 | 748,913,000 | 752,156,000 | 749,711,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess of cost over fair market value of net assets acquired | 588,085,000 | 590,282,000 | 590,260,000 | 588,085,000 | 604,982,000 | 587,757,000 | 604,257,000 | 604,982,000 | 626,872 | 625,750,000 | 628,333,000 | 626,872,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service contract, net of amortization of 9,231 and 9,859, respectively | 15,887,000 | 15,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 20,305,000 | 18,186,000 | 17,560,000 | 20,305,000 | 27,388,000 | 24,947,000 | 26,170,000 | 27,388,000 | 31,715 | 28,906,000 | 30,411,000 | 31,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous | 32,534,000 | 40,531,000 | 39,475,000 | 32,534,000 | 20,891,000 | 31,112,000 | 33,339,000 | 20,891,000 | 10,473 | 12,274,000 | 10,840,000 | 10,473,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted assets for sale | 50,983,000 | 50,983,000 | 50,983,000 | 50,983,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gaming, pari-mutuel, property and other taxes | 19,728,000 | 19,516,000 | 16,494,000 | 19,728,000 | 20,948,000 | 14,489,000 | 15,806,000 | 20,948,000 | 25,124 | 23,275,000 | 25,283,000 | 25,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted liabilities for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 844,000 | 849,000 | 849,000 | 844,000 | 411,000 | 417,000 | 414,000 | 411,000 | 404 | 408,000 | 407,000 | 404,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock, 160,000 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service contract, net of amortization of 9,231 and 11,114, respectively | 14,631,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service contract, net of amortization of 9,231 and 10,276, respectively | 15,259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management service contract | 18,399,000 | 17,143,000 | 17,771,000 | 18,399,000 | 20,911 | 19,655,000 | 20,283,000 | 20,911,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | 51,383,000 | 44,185,000 | 42,752,000 | 51,383,000 | 43,015 | 39,396,000 | 37,829,000 | 43,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 38,446,000 | 3,046,000 | 8,085,000 | 38,446,000 | 34,556 | 25,013,000 | 32,693,000 | 34,556,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and wages | 23,125,000 | 26,115,000 | 24,109,000 | 23,125,000 | 19,589 | 26,570,000 | 26,233,000 | 19,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 434,000 | 434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock, 80,000 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholder’s equity | 1,628,135,000 | 1,664,395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash in escrow | 402,612 | 402,612,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note receivable | 1,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 319 | 377,000 | 351,000 | 319,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes, non-current | 18,193,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -73,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 114,200,000 | 114,200,000 | 110,500,000 | 108,000,000 | 107,100,000 | 108,700,000 | 109,100,000 | 108,700,000 | 111,200,000 | 105,800,000 | 110,600,000 | 107,500,000 | 150,300,000 | 148,700,000 | 150,300,000 | 118,200,000 | 97,600,000 | 83,700,000 | 81,900,000 | 81,300,000 | 91,400,000 | 87,700,000 | 91,900,000 | 95,700,000 | 97,800,000 | 106,327,000 | 106,020,000 | 104,053,000 | 93,189,000 | 56,852,000 | 58,559,000 | 60,390,000 | 61,374,000 | 66,483,000 | 68,969,000 | 70,236,000 | 71,109,000 | 67,903,000 | 66,182,000 | 66,020,000 | 107,111,000 | 41,752,000 | 42,922,000 | 40,253,000 | 47,183,000 | 47,366,000 | 79,968,000 | 80,615,000 | 77,071,000 | 62,399,000 | 56,791,000 | 53,337,000 | 52,195,000 | 54,230,000 | 53,158,000 | 53,842,000 | 52,653,000 | 51,180,000 | 50,055,000 | 46,942,000 | 44,430,000 | 44,224,000 | 45,182,000 | 39,792,000 | 37,241,000 | 37,622,000 | 35,358,000 | 35,309,000 | 31,196,000 | 27,728,000 | 29,718,000 | 14,942,000 | 15,969,000 | 15,495,000 | 15,740,000 | 14,407,000 | 19,266,000 | 18,480,000 | 17,320,000 | 12,829,000 |
amortization of debt discount and debt issuance costs | 2,100,000 | 2,300,000 | 2,100,000 | 2,200,000 | 1,900,000 | 2,100,000 | 2,100,000 | 2,000,000 | 2,000,000 | 2,100,000 | 2,200,000 | 2,700,000 | 5,900,000 | 5,500,000 | 5,500,000 | 5,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense | 8,100,000 | 7,600,000 | 7,100,000 | 6,700,000 | 6,200,000 | 5,800,000 | 6,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash operating lease expense | 86,500,000 | 19,700,000 | 20,600,000 | 22,000,000 | 25,200,000 | 43,700,000 | 41,600,000 | 40,000,000 | 35,500,000 | 36,300,000 | 31,500,000 | 30,500,000 | 22,000,000 | 21,400,000 | 17,953,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on barstool acquisition | 0 | 0 | 0 | -83,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on reit transactions | 0 | 0 | 0 | -500,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of barstool | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale or disposal of property and equipment | 1,200,000 | -100,000 | 900,000 | -200,000 | 1,000,000 | -100,000 | 4,700,000 | -6,000,000 | -28,500,000 | 600,000 | -2,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated affiliates | -8,600,000 | -8,200,000 | -13,300,000 | -7,600,000 | -6,000,000 | -7,100,000 | -7,800,000 | -7,200,000 | -8,300,000 | -7,200,000 | -7,200,000 | -2,600,000 | -6,600,000 | -6,600,000 | -1,800,000 | -8,700,000 | -10,900,000 | -9,100,000 | -9,100,000 | -9,600,000 | -6,400,000 | -5,000,000 | 1,700,000 | -4,100,000 | -6,700,000 | -9,758,000 | -6,255,000 | -5,687,000 | -5,535,000 | -5,696,000 | -5,734,000 | -5,361,000 | -4,321,000 | -4,781,000 | -5,021,000 | -4,548,000 | -3,505,000 | -431,000 | 2,354,000 | 3,925,000 | 425,000 | 1,412,000 | ||||||||||||||||||||||||||||||||||||||
return on investment from unconsolidated affiliates | 8,900,000 | 10,500,000 | 9,700,000 | 8,300,000 | 8,800,000 | 8,600,000 | 8,700,000 | 7,300,000 | 5,500,000 | 11,000,000 | 8,300,000 | 8,500,000 | 6,300,000 | 10,500,000 | 9,000,000 | 8,000,000 | 7,900,000 | 10,500,000 | 7,900,000 | 5,500,000 | 4,500,000 | 6,800,000 | 1,800,000 | 8,700,000 | 7,000,000 | 8,500,000 | 7,000,000 | 6,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | -28,600,000 | 35,000,000 | 9,000,000 | 11,500,000 | -23,200,000 | 9,300,000 | 28,100,000 | -72,300,000 | -37,600,000 | -106,700,000 | 31,000,000 | 80,600,000 | -4,600,000 | -185,700,000 | 16,700,000 | 22,900,000 | -23,900,000 | -2,400,000 | 13,500,000 | 8,300,000 | 5,700,000 | -9,800,000 | -46,800,000 | -67,400,000 | -7,700,000 | 13,371,000 | 4,449,000 | 10,980,000 | -34,559,000 | -331,000 | 2,284,000 | 5,926,000 | 244,882,000 | -764,875,000 | 1,435,000 | 652,000 | -1,481,000 | 41,655,000 | -6,569,000 | 15,374,000 | 1,803,000 | 2,546,000 | 8,174,000 | 11,314,000 | 19,750,000 | 7,842,000 | 4,782,000 | 2,126,000 | 982,000 | -2,598,000 | 2,073,000 | 3,461,000 | 7,495,000 | 1,272,000 | 3,161,000 | 1,613,000 | 1,805,000 | 2,807,000 | 867,000 | 1,267,000 | 2,175,000 | 2,319,000 | ||||||||||||||||||
stock-based compensation | 12,400,000 | 16,800,000 | 16,100,000 | 15,600,000 | 13,900,000 | 12,900,000 | 14,200,000 | 11,900,000 | 14,500,000 | 35,200,000 | 19,700,000 | 16,500,000 | 13,000,000 | 13,600,000 | 14,500,000 | 17,000,000 | 13,200,000 | 8,500,000 | 9,200,000 | 4,200,000 | 2,800,000 | 2,800,000 | 2,900,000 | 6,000,000 | 4,500,000 | 3,736,000 | 3,247,000 | 3,417,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investment agreement warrant expense | 14,100,000 | 14,500,000 | 14,300,000 | 14,200,000 | 14,500,000 | 15,900,000 | 18,800,000 | 18,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 105,300,000 | 13,600,000 | 7,300,000 | 0 | 0 | 616,100,000 | 618,000 | 0 | 816,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on financing arrangement | 0 | 0 | 0 | -215,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -22,700,000 | 20,500,000 | 2,900,000 | 900,000 | -17,400,000 | 12,100,000 | 28,300,000 | 35,900,000 | -65,100,000 | -16,900,000 | -23,900,000 | 31,100,000 | -90,300,000 | 1,400,000 | -46,500,000 | 54,200,000 | -25,000,000 | -15,200,000 | -1,000,000 | -41,100,000 | 11,000,000 | -45,800,000 | -21,000,000 | 39,300,000 | 3,400,000 | 16,005,000 | 10,521,000 | -2,926,000 | -12,924,000 | 5,427,000 | 1,793,000 | 3,973,000 | -11,520,000 | -5,044,000 | 845,000 | 6,533,000 | 7,105,000 | 727,000 | 2,951,000 | 6,654,000 | 3,828,000 | 122,000 | -9,414,000 | 4,268,000 | 8,754,000 | 1,369,000 | 4,810,000 | |||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | -30,800,000 | 7,500,000 | 12,900,000 | -8,600,000 | -6,900,000 | 4,600,000 | 29,500,000 | -500,000 | -46,400,000 | 2,000,000 | 5,500,000 | -27,400,000 | 400,000 | 7,000,000 | 8,300,000 | -39,800,000 | -10,500,000 | 200,000 | 6,500,000 | -28,500,000 | -900,000 | 10,100,000 | 8,600,000 | -4,300,000 | -2,800,000 | 12,756,000 | 7,876,000 | -8,132,000 | 15,527,000 | 2,842,000 | 2,167,000 | -7,248,000 | -607,000 | -1,803,000 | 3,603,000 | -8,432,000 | 2,624,000 | 3,751,000 | 26,631,000 | 9,736,000 | 21,878,000 | 686,000 | 7,857,000 | 3,459,000 | -17,378,000 | 17,725,000 | 25,083,000 | -2,420,000 | 17,449,000 | 16,636,000 | -10,604,000 | 13,714,000 | 3,692,000 | -22,605,000 | 21,308,000 | 6,865,000 | -2,385,000 | |||||||||||||||||||||||
other assets | 1,700,000 | 1,600,000 | -17,100,000 | 1,700,000 | 2,700,000 | -15,200,000 | -17,000,000 | -6,200,000 | 5,300,000 | -13,600,000 | -4,300,000 | -5,600,000 | -12,900,000 | 3,100,000 | 900,000 | 6,700,000 | -19,600,000 | 6,300,000 | -6,800,000 | -1,600,000 | -9,400,000 | -3,700,000 | -6,200,000 | 6,500,000 | -800,000 | -3,000 | -849,000 | -648,000 | 9,431,000 | -6,348,000 | -998,000 | -555,000 | 346,000 | 4,192,000 | -1,130,000 | -1,746,000 | -836,000 | -3,360,000 | 3,039,000 | 3,119,000 | -650,000 | 6,400,000 | 22,000 | 561,000 | 4,342,000 | -2,038,000 | 9,590,000 | 4,275,000 | -5,622,000 | 18,079,000 | -4,414,000 | 5,493,000 | ||||||||||||||||||||||||||||
accounts payable | -9,900,000 | 5,600,000 | -2,100,000 | 4,000,000 | -15,600,000 | 20,500,000 | 7,800,000 | 1,500,000 | -7,800,000 | 3,300,000 | 6,200,000 | -10,300,000 | -800,000 | 1,800,000 | -6,600,000 | -7,800,000 | -29,200,000 | -2,200,000 | 11,600,000 | -10,600,000 | -28,900,000 | 34,300,000 | -41,100,000 | 29,100,000 | -3,700,000 | 7,981,000 | -808,000 | 927,000 | -979,000 | -3,087,000 | 2,128,000 | -4,142,000 | 1,411,000 | 2,176,000 | -1,459,000 | -2,470,000 | -2,467,000 | -1,870,000 | 3,746,000 | 2,887,000 | -20,096,000 | 21,929,000 | 2,186,000 | 3,922,000 | 197,000 | 2,461,000 | 14,000 | 1,124,000 | 683,000 | 447,000 | 1,476,000 | -5,544,000 | -19,710,000 | 21,649,000 | ||||||||||||||||||||||||||
accrued expenses | 17,000,000 | 10,300,000 | 54,900,000 | -64,200,000 | 17,000,000 | 4,300,000 | -7,300,000 | -81,700,000 | 62,000,000 | 14,700,000 | 27,700,000 | -78,500,000 | -1,600,000 | 42,000,000 | 21,400,000 | -44,400,000 | 6,800,000 | 76,300,000 | -15,600,000 | 70,900,000 | -44,500,000 | 43,500,000 | 61,500,000 | -101,400,000 | 16,400,000 | -257,000 | 5,248,000 | -25,291,000 | -19,598,000 | -5,773,000 | -1,420,000 | -2,567,000 | 16,491,000 | -1,625,000 | 3,544,000 | 5,351,000 | -9,720,000 | 6,583,000 | 648,000 | -4,900,000 | 1,163,000 | 4,985,000 | -11,786,000 | |||||||||||||||||||||||||||||||||||||
income taxes | -1,700,000 | -29,400,000 | -28,500,000 | 55,800,000 | 11,400,000 | -4,500,000 | -31,800,000 | 58,300,000 | -11,000,000 | -60,200,000 | -62,200,000 | 83,200,000 | 8,000,000 | 3,900,000 | -7,500,000 | 22,900,000 | -900,000 | -10,000,000 | 900,000 | 20,200,000 | 11,400,000 | 100,000 | -12,300,000 | -31,700,000 | -2,700,000 | -12,121,000 | 2,326,000 | 5,295,000 | -8,944,000 | -8,463,000 | 8,019,000 | 6,072,000 | 13,630,000 | -7,839,000 | 4,567,000 | 10,090,000 | -254,000 | 139,000 | 22,826,000 | -4,069,000 | 23,868,000 | 31,434,000 | ||||||||||||||||||||||||||||||||||||||
operating lease liabilities | -102,000,000 | -96,000,000 | -79,700,000 | -78,900,000 | -75,900,000 | -76,800,000 | -73,100,000 | -72,400,000 | -75,000,000 | -73,700,000 | -69,400,000 | -87,700,000 | -19,400,000 | -20,400,000 | -19,600,000 | -23,600,000 | -38,900,000 | -34,400,000 | -32,100,000 | -31,100,000 | -25,000,000 | -19,900,000 | -18,500,000 | -31,400,000 | -31,500,000 | -29,293,000 | -39,443,000 | -38,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other current and long-term liabilities | -6,400,000 | 17,100,000 | -14,700,000 | -19,900,000 | 19,500,000 | 22,400,000 | -37,800,000 | -52,500,000 | 87,300,000 | 27,900,000 | 7,800,000 | 26,600,000 | -20,000,000 | -16,600,000 | 17,800,000 | 39,900,000 | 5,000,000 | 2,500,000 | 14,800,000 | 24,800,000 | 6,600,000 | -29,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 2,500,000 | 6,300,000 | 12,400,000 | 4,900,000 | 6,100,000 | 4,900,000 | 5,500,000 | 4,900,000 | 5,700,000 | 4,800,000 | 5,900,000 | 800,000 | 500,000 | 11,400,000 | 900,000 | 300,000 | 6,000,000 | 900,000 | -8,000,000 | -1,600,000 | -900,000 | 6,800,000 | -600,000 | -2,600,000 | -900,000 | -250,000 | 0 | -250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 107,200,000 | 180,900,000 | 178,200,000 | 41,900,000 | 102,900,000 | 174,700,000 | 150,400,000 | -68,700,000 | -84,800,000 | 217,000,000 | 176,000,000 | 147,700,000 | 118,200,000 | 323,600,000 | 211,500,000 | 224,900,000 | 117,100,000 | 274,400,000 | 324,100,000 | 180,500,000 | 118,000,000 | 351,700,000 | -97,700,000 | -33,200,000 | 184,700,000 | 204,006,000 | 189,515,000 | 125,679,000 | 51,770,000 | 93,939,000 | 140,148,000 | 66,937,000 | 121,750,000 | 141,423,000 | 129,086,000 | 66,820,000 | 93,302,000 | 121,858,000 | 118,330,000 | 71,333,000 | 65,561,000 | 82,811,000 | 98,265,000 | 23,608,000 | 136,528,000 | 157,642,000 | 133,788,000 | 106,874,000 | 108,262,000 | 122,624,000 | 147,095,000 | 188,687,000 | 102,290,000 | 146,357,000 | 129,613,000 | 93,736,000 | 111,522,000 | 61,201,000 | 104,113,000 | 191,135,000 | 92,978,000 | 86,632,000 | 36,657,000 | 39,827,000 | 22,183,000 | 41,941,000 | 58,797,000 | |||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -190,400,000 | -172,700,000 | -159,400,000 | -125,200,000 | -221,000,000 | -132,100,000 | -88,200,000 | -41,400,000 | -152,200,000 | -75,000,000 | -69,600,000 | -63,200,000 | -73,800,000 | -64,000,000 | -60,000,000 | -65,600,000 | -106,300,000 | -73,200,000 | -38,900,000 | -25,700,000 | -39,400,000 | -23,900,000 | -30,900,000 | -42,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
free cash flows | -83,200,000 | 8,200,000 | 18,800,000 | -83,300,000 | -118,100,000 | 42,600,000 | 62,200,000 | -110,100,000 | -237,000,000 | 142,000,000 | 106,400,000 | 84,500,000 | 44,400,000 | 259,600,000 | 151,500,000 | 159,300,000 | 10,800,000 | 201,200,000 | 285,200,000 | 154,800,000 | 78,600,000 | 327,800,000 | -128,600,000 | -76,000,000 | 184,700,000 | 204,006,000 | 189,515,000 | 125,679,000 | 51,770,000 | 93,939,000 | 140,148,000 | 66,937,000 | 121,750,000 | 141,423,000 | 129,086,000 | 66,820,000 | 93,302,000 | 121,858,000 | 118,330,000 | 71,333,000 | 65,561,000 | 82,811,000 | 98,265,000 | 23,608,000 | 136,528,000 | 157,642,000 | 133,788,000 | 106,874,000 | 108,262,000 | 122,624,000 | 147,095,000 | 188,687,000 | 102,290,000 | 146,357,000 | 129,613,000 | 93,736,000 | 111,522,000 | 61,201,000 | 104,113,000 | 191,135,000 | 92,978,000 | 86,632,000 | 36,657,000 | 39,827,000 | 22,183,000 | 41,941,000 | 58,797,000 | |||||||||||||
proceeds from sale-and-leaseback transactions in conjunction with development projects | 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of barstool sports, net of cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for acquisitions of businesses, net of cash acquired | -843,200,000 | -28,200,000 | 0 | 0 | 0 | -3,000,000 | 0 | 66,000 | -989,204,000 | -370,262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for gaming licenses and other intangible assets | -8,400,000 | -9,200,000 | -8,500,000 | -32,200,000 | -4,800,000 | -5,400,000 | -4,900,000 | -2,200,000 | -3,600,000 | -1,900,000 | -10,200,000 | -123,000 | -1,034,000 | -343,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -47,800,000 | -30,800,000 | -136,600,000 | -135,900,000 | -228,500,000 | -166,600,000 | -98,800,000 | -47,300,000 | -156,600,000 | -123,100,000 | -84,700,000 | -378,200,000 | -78,600,000 | -66,300,000 | -74,100,000 | -39,600,000 | -952,300,000 | -170,400,000 | -71,800,000 | -27,300,000 | 2,200,000 | -17,400,000 | -35,100,000 | -183,400,000 | -65,400,000 | -47,480,000 | -86,420,000 | -408,200,000 | -1,339,003,000 | -4,985,000 | -16,646,000 | -62,470,000 | -29,156,000 | -26,241,000 | -142,900,000 | -23,311,000 | 198,024,000 | -133,550,000 | -16,999,000 | -36,363,000 | 259,020,000 | |||||||||||||||||||||||||||||||||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 150,000,000 | 160,000,000 | 417,500,000 | 150,000,000 | 0 | 0 | 0 | 540,000,000 | 17,000,000 | 55,000,000 | 250,000,000 | 90,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on revolving credit facility | 0 | -670,000,000 | 0 | -10,000,000 | -77,000,000 | -135,000,000 | -62,000,000 | -110,000,000 | 0 | -35,000,000 | -24,000,000 | -30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of convertible debt | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on long-term debt | -9,300,000 | -9,400,000 | -9,400,000 | -9,400,000 | -9,300,000 | -9,400,000 | -9,400,000 | -9,400,000 | -9,400,000 | -9,300,000 | -9,400,000 | -9,400,000 | -9,400,000 | -9,400,000 | 0 | -20,500,000 | -16,100,000 | -16,100,000 | -16,100,000 | -16,100,000 | -126,700,000 | -11,700,000 | -11,600,000 | -11,700,000 | -11,600,000 | -11,664,000 | -11,668,000 | -11,668,000 | -82,428,000 | -63,329,000 | -98,442,000 | -1,330,719,000 | -38,419,000 | |||||||||||||||||||||||||||||||||||||||||||||||
payments of other long-term obligations | 0 | 0 | -9,400,000 | -700,000 | -9,100,000 | -8,900,000 | 0 | -700,000 | -8,600,000 | -100,000 | -8,500,000 | -600,000 | -8,400,000 | 0 | -7,900,000 | -700,000 | -7,800,000 | 0 | 0 | -8,400,000 | 0 | -7,461,000 | -2,000 | -7,937,000 | -911,000 | -7,150,000 | 0 | -7,636,000 | -226,000 | -7,038,000 | -156,000 | -28,033,000 | -6,488,000 | |||||||||||||||||||||||||||||||||||||||||||||||
principal payments on financing obligations | -11,100,000 | -10,900,000 | -10,800,000 | -10,700,000 | -10,300,000 | -10,300,000 | -10,200,000 | -10,000,000 | -9,900,000 | -9,900,000 | -9,800,000 | -9,600,000 | -15,700,000 | -15,600,000 | -16,400,000 | -15,500,000 | -9,200,000 | -9,100,000 | -9,000,000 | -8,700,000 | -5,800,000 | -2,900,000 | -4,500,000 | -13,500,000 | -13,200,000 | -13,057,000 | -12,784,000 | -12,559,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on finance leases | -13,600,000 | -13,100,000 | -13,600,000 | -13,100,000 | -12,800,000 | -12,700,000 | -12,600,000 | -12,200,000 | -12,000,000 | -11,800,000 | -11,800,000 | -11,500,000 | -28,600,000 | -28,400,000 | -28,100,000 | -25,400,000 | -2,400,000 | -2,700,000 | -1,700,000 | -1,700,000 | -1,200,000 | -600,000 | -500,000 | -1,600,000 | -1,600,000 | -1,659,000 | -1,301,000 | -1,640,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | -85,000,000 | -154,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance financing | 0 | 0 | 3,500,000 | 23,100,000 | 700,000 | 200,000 | 3,600,000 | 15,700,000 | 1,800,000 | 503,000 | 131,000 | 13,666,000 | 4,575,000 | 0 | 0 | 8,541,000 | 3,180,000 | 0 | 0 | 8,768,000 | 90,000 | 331,000 | 9,193,000 | 0 | 0 | 885,000 | 0 | 481,000 | 14,335,000 | 0 | 0 | 15,306,000 | 0 | 3,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||
payments on insurance financing | -4,000,000 | -10,300,000 | -4,400,000 | -12,400,000 | -6,800,000 | -11,100,000 | -5,300,000 | -12,200,000 | -1,100,000 | -8,100,000 | -8,300,000 | -9,200,000 | -1,800,000 | -6,200,000 | -7,100,000 | -6,300,000 | -4,600,000 | -4,326,000 | -4,617,000 | -5,857,000 | -2,848,000 | -284,000 | -3,907,000 | -3,907,000 | -776,000 | -3,222,000 | -4,913,000 | -3,269,000 | -4,114,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
indemnification payments | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -36,600,000 | -157,300,000 | 44,500,000 | -16,200,000 | -11,500,000 | -46,400,000 | -78,500,000 | -50,100,000 | -4,700,000 | -43,800,000 | -131,100,000 | -83,000,000 | -147,800,000 | -227,900,000 | -238,100,000 | -239,200,000 | -35,300,000 | 356,400,000 | -41,300,000 | 60,100,000 | -135,400,000 | 290,400,000 | 646,300,000 | 508,800,000 | -88,500,000 | -120,844,000 | -128,426,000 | 215,370,000 | 1,522,458,000 | -44,557,000 | -141,348,000 | -64,423,000 | -79,548,000 | -74,674,000 | -21,275,000 | -13,531,000 | -263,584,000 | -7,900,000 | 28,807,000 | 18,690,000 | -8,980,000 | 15,590,000 | 71,581,000 | 27,372,000 | 681,492,000 | |||||||||||||||||||||||||||||||||||
effect of currency rate changes on cash, cash equivalents, and restricted cash | -100,000 | -1,200,000 | -1,400,000 | 0 | -100,000 | -800,000 | -1,400,000 | 0 | -500,000 | 1,500,000 | -500,000 | -1,400,000 | 300,000 | -900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash, cash equivalents, and restricted cash | 22,700,000 | -8,400,000 | 86,900,000 | -110,200,000 | -138,500,000 | -38,300,000 | -27,000,000 | -166,900,000 | -247,500,000 | 50,100,000 | -40,300,000 | -312,000,000 | -108,700,000 | 28,000,000 | -100,400,000 | -54,800,000 | -875,000,000 | 460,400,000 | 211,000,000 | 213,300,000 | -15,200,000 | 624,700,000 | 513,500,000 | 292,200,000 | 30,800,000 | 35,682,000 | -25,331,000 | -67,151,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the beginning of the year | 0 | 0 | 0 | 723,800,000 | 100,000 | 0 | 0 | 1,094,400,000 | 0 | 0 | 1,644,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 100,000 | 100,000 | 14,000,000 | 12,100,000 | 11,400,000 | 10,600,000 | 9,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash operating lease expense | 97,900,000 | 84,600,000 | 83,500,000 | 80,300,000 | 78,500,000 | 77,700,000 | 70,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on reit transaction | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of revolving credit facility | -117,500,000 | -10,000,000 | -90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the end of the period | -8,400,000 | 86,900,000 | 613,600,000 | -38,300,000 | -27,000,000 | 927,500,000 | 50,100,000 | -40,300,000 | 1,332,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | -11,500,000 | -43,600,000 | -26,000,000 | 903,600,000 | 46,300,000 | -39,700,000 | 1,311,300,000 | 20,100,000 | -97,200,000 | 1,805,500,000 | 454,600,000 | 212,500,000 | 2,062,200,000 | 628,800,000 | 513,600,000 | 730,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other current assets | 3,100,000 | 5,300,000 | -1,000,000 | 22,700,000 | 3,800,000 | -600,000 | 19,700,000 | 7,900,000 | -3,200,000 | 18,600,000 | 5,800,000 | -1,400,000 | 20,200,000 | -4,400,000 | -100,000 | 14,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other assets | 0 | 0 | 0 | 1,200,000 | 0 | 0 | 1,200,000 | 0 | 0 | 1,200,000 | 0 | -100,000 | 1,300,000 | 300,000 | 0 | 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | -8,400,000 | -38,300,000 | -27,000,000 | 927,500,000 | 50,100,000 | -40,300,000 | 1,332,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of amounts capitalized | 104,200,000 | 112,200,000 | 98,400,000 | 114,000,000 | 113,700,000 | 96,900,000 | 110,500,000 | 196,700,000 | 178,600,000 | 159,900,000 | 143,700,000 | 136,400,000 | 138,800,000 | 67,800,000 | 53,200,000 | 135,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued capital expenditures | -400,000 | 20,600,000 | 20,800,000 | 12,700,000 | 15,100,000 | -2,400,000 | 17,400,000 | 3,200,000 | -3,400,000 | 28,900,000 | -500,000 | 9,900,000 | 15,600,000 | -4,500,000 | -16,000,000 | 7,400,000 | 761,000 | 3,303,000 | 786,000 | -603,000 | -7,102,000 | 316,000 | 9,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -18,300,000 | 111,500,000 | -27,100,000 | -114,900,000 | -358,800,000 | -725,100,000 | 78,100,000 | 514,400,000 | 20,800,000 | 123,200,000 | 26,100,000 | 51,600,000 | 44,800,000 | 86,100,000 | 198,700,000 | 90,900,000 | 12,700,000 | 141,200,000 | -214,400,000 | -608,600,000 | -92,900,000 | 43,656,000 | 51,357,000 | 40,987,000 | -42,036,000 | 36,125,000 | 53,988,000 | 45,437,000 | -338,060,000 | 789,340,000 | 17,079,000 | 5,104,000 | 46,535,000 | 34,035,000 | 23,708,000 | -18,130,000 | 16,886,000 | 10,996,000 | 8,499,000 | 4,176,000 | 4,537,000 | 41,317,000 | -12,180,000 | 65,271,000 | 46,446,000 | 66,667,000 | 78,619,000 | 21,351,000 | 28,480,000 | 40,661,000 | 147,491,000 | 37,023,000 | 40,736,000 | 46,590,000 | 38,299,000 | 42,941,000 | 87,350,000 | 155,060,000 | 17,787,000 | 13,629,000 | 15,473,000 | 13,187,000 | ||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments related to income taxes | 300,000 | 600,000 | 7,900,000 | 64,900,000 | 1,100,000 | 800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discounts and debt issuance costs | 2,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | 0 | -2,600,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -25,000,000 | 0 | 0 | -99,800,000 | -50,000,000 | -91,000,000 | -168,000,000 | -167,000,000 | -175,100,000 | 0 | -15,000 | 0 | -19,002,000 | 0 | -5,794,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
holding loss on equity securities | -2,300,000 | -3,000,000 | 3,900,000 | 1,500,000 | -2,100,000 | 11,600,000 | -6,300,000 | 3,200,000 | 3,500,000 | 10,800,000 | 16,900,000 | 38,700,000 | -26,200,000 | 21,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on hurricane laura | -2,800,000 | 0 | 0 | -300,000 | 0 | -1,900,000 | 0 | -8,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 200,000 | 300,000 | 300,000 | 100,000 | 0 | 300,000 | 800,000 | 3,800,000 | 55,000 | 321,000 | 37,000 | 169,000 | 49,000 | 14,000 | 229,000 | 146,000 | 996,000 | 47,000 | 129,000 | 454,000 | 301,000 | 2,517,000 | 341,000 | 1,520,000 | 1,283,000 | 11,033,000 | 452,000 | 158,000 | 113,000 | 209,000 | 1,103,000 | -6,668,000 | 7,576,000 | 1,212,000 | 301,000 | 402,000 | 179,000 | 370,000 | 13,079,000 | 802,000 | 136,000 | 1,430,000 | 675,000 | 165,000 | 493,000 | 37,000 | 160,000 | 24,000 | 329,000 | 105,000 | 155,000 | 446,000 | 62,000 | |||||||||||||||||||||||||||
hurricane laura insurance proceeds | 1,300,000 | 0 | 0 | 200,000 | 0 | 1,200,000 | 0 | 24,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost method investment proceeds received | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of discounts | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on credit facilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt and equity issuance costs | 0 | 0 | -800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options | 200,000 | 100,000 | 700,000 | 500,000 | 3,600,000 | 600,000 | 0 | 1,100,000 | 3,800,000 | 300,000 | 500,000 | 2,300,000 | 2,000,000 | 300,000 | 2,800,000 | 5,700,000 | 7,200,000 | 28,000,000 | 22,900,000 | 4,600,000 | 900,000 | 288,000 | 178,000 | 534,000 | -23,000 | 2,207,000 | 4,404,000 | 791,000 | 3,217,000 | 3,509,000 | 3,109,000 | 612,000 | 1,045,000 | 2,867,000 | 1,742,000 | 2,551,000 | 2,775,000 | 2,743,000 | 189,000 | 453,000 | 5,581,000 | 12,574,000 | 17,344,000 | 15,461,000 | 1,158,000 | 3,894,000 | 4,640,000 | 2,570,000 | 4,374,000 | 3,321,000 | 1,147,000 | 2,096,000 | 746,000 | 826,000 | 2,697,000 | 776,000 | 1,148,000 | 49,000 | 745,000 | 14,061,000 | 2,367,000 | 4,962,000 | 2,290,000 | 358,000 | 781,000 | 8,772,000 | 375,000 | 4,485,000 | 5,516,000 | 2,334,000 | 2,716,000 | 1,229,000 | ||||||||
consideration paid for barstool, net of cash acquired | 0 | 0 | -314,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of barstool, net of cash disposed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds received for a cost method investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments (refunds) related to income taxes | 1,000,000 | 47,900,000 | -4,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale or disposal of property and equipment | -200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on acquisition of sam houston | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for remaining interest of sam houston | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of equity securities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other long-term obligations | 0 | 0 | 0 | 72,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the beginning of the year | 0 | 0 | 0 | 1,880,100,000 | 0 | 0 | 0 | 1,870,400,000 | 0 | 0 | 0 | 455,200,000 | 0 | -38,000 | 0 | 481,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory | -300,000 | -1,400,000 | 1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash rent and interest expense related to the utilization of rent credits | 54,800,000 | 121,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for barstool sports investment | 0 | 0 | 0 | -135,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for a cost method investment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional contributions to joint ventures | -300,000 | 0 | -500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offerings, net of discounts and fees | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at the end of the period | 28,000,000 | -100,400,000 | 1,825,300,000 | 460,400,000 | 211,000,000 | 2,083,700,000 | 624,700,000 | 513,500,000 | 747,400,000 | 35,644,000 | -25,331,000 | 414,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 28,000,000 | -100,400,000 | 1,825,300,000 | 460,400,000 | 211,000,000 | 2,083,700,000 | 624,700,000 | 513,500,000 | 747,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commencement of operating leases | 400,000 | 900,000 | 38,100,000 | 2,700,000 | 23,200,000 | 5,700,000 | 3,900,000 | 62,500,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commencement of finance leases | 200,000 | 59,300,000 | 1,357,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of items charged to interest expense | 2,000,000 | 2,000,000 | 1,874,000 | 1,909,000 | 1,917,000 | 1,822,000 | 1,825,000 | 1,876,000 | 1,722,000 | 1,503,000 | 1,505,000 | 1,510,000 | 1,515,000 | 1,507,000 | 2,150,000 | 2,151,000 | 2,149,000 | 1,614,000 | 1,641,000 | 1,649,000 | 3,422,000 | 2,961,000 | 2,810,000 | 2,975,000 | 3,164,000 | 3,166,000 | 3,159,000 | 3,266,000 | 3,260,000 | 3,251,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent purchase price | 0 | 600,000 | 1,400,000 | -100,000 | 0 | 800,000 | -2,200,000 | 0 | 1,243,000 | 1,040,000 | 4,717,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dispositions of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale-and-leaseback transactions in conjunction with acquisitions | 0 | -27,000 | 700,000,000 | 261,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
holding gain on equity securities | 10,100,000 | -31,100,000 | -67,900,000 | -12,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value in puts/calls associated with our barstool sports investment | 700,000 | -5,900,000 | 4,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent credits received upon sale of tropicana land and buildings | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash refunds related to income taxes | -8,800,000 | -1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair values of contingent purchase price | 406,000 | 203,000 | 1,134,000 | 9,954,000 | -20,716,000 | 1,362,000 | 2,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recoveries on loan loss and unfunded loan commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of accumulated other comprehensive loss to earnings upon termination of management contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received for the sale of the divested properties and belterra park | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional contributions from (to) joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts applied against non-accrual loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment penalties and modification payments incurred with debt refinancing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of real estate assets in conjunction with acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offering, net of discounts and fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for (recoveries on) loan loss and unfunded loan commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
project capital expenditures | -6,900,000 | -6,190,000 | -10,564,000 | -1,446,000 | -724,000 | -487,000 | -450,000 | -1,211,000 | -1,422,000 | -8,938,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maintenance capital expenditures | -47,000,000 | -35,480,000 | -46,800,000 | -36,220,000 | -34,872,000 | -23,516,000 | -20,695,000 | -10,602,000 | -27,597,000 | -18,344,000 | -17,309,000 | -10,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts applied against nonaccrual loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 33,925,000 | 527,530,000 | 96,765,000 | 25,919,000 | 97,937,000 | 30,000,000 | 88,000,000 | 20,000,000 | 194,000,000 | 113,000,000 | 28,295,000 | -37,645,000 | 68,588,000 | 136,440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs and debt discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of contingent purchase price | -100,000 | -3,433,000 | -346,000 | -21,000 | 80,000 | -3,647,000 | -420,000 | -121,000 | -76,000 | -19,496,000 | -20,000 | -21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recoveries on loan loss and unfunded loan commitments, net of impairment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current and noncurrent liabilities | 21,729,000 | 4,893,000 | -2,522,000 | -11,506,000 | 3,079,000 | 2,278,000 | -642,000 | 19,011,000 | 33,335,000 | -1,633,000 | -4,430,000 | -8,487,000 | 1,389,000 | 2,798,000 | 669,000 | 2,225,000 | -3,117,000 | 6,669,000 | 3,019,000 | -959,000 | 5,465,000 | -2,827,000 | -183,000 | 5,503,000 | 55,000 | 1,048,000 | 1,646,000 | 2,582,000 | -4,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
additional contributions from joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of property and equipment | 371,000 | 522,000 | 3,220,000 | -52,000 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 30,434,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of property and equipment and assets held for sale | 69,000 | 96,000 | -2,780,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
charge for stock-based compensation | 3,187,000 | 2,915,000 | 3,003,000 | 2,929,000 | 1,953,000 | 1,853,000 | 1,801,000 | 2,173,000 | 1,517,000 | 1,582,000 | 1,455,000 | 2,025,000 | 2,337,000 | 2,084,000 | 2,916,000 | 2,517,000 | 2,579,000 | 6,369,000 | 5,450,000 | 6,251,000 | 6,888,000 | 7,396,000 | 7,911,000 | 6,107,000 | 6,124,000 | 6,225,000 | 6,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for loan loss and unfunded loan commitments to the jivdc, net of recoveries, and impairment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of accumulated other comprehensive loss to earnings upon termination of casino rama management contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 9,966,000 | -6,725,000 | 6,290,000 | -7,305,000 | 7,672,000 | -7,240,000 | 7,670,000 | -919,000 | 2,997,000 | -2,936,000 | 1,550,000 | 62,000 | -2,646,000 | 6,264,000 | 2,484,000 | -617,000 | 2,495,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued salaries and wages | 20,139,000 | 428,000 | 13,785,000 | -34,270,000 | 17,094,000 | 7,866,000 | 10,370,000 | -19,547,000 | -335,000 | 9,686,000 | 3,797,000 | 1,056,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gaming, pari-mutuel, property and other taxes | -20,935,000 | 7,589,000 | -79,000 | -6,492,000 | -2,938,000 | 15,430,000 | 2,547,000 | -6,544,000 | 13,100,000 | 4,208,000 | 7,203,000 | 3,630,000 | 9,228,000 | 1,241,000 | 2,768,000 | 6,225,000 | 4,544,000 | 5,703,000 | 791,000 | 5,786,000 | 434,000 | 11,078,000 | 11,040,000 | -6,732,000 | 11,318,000 | 16,799,000 | 4,533,000 | -1,066,000 | -5,706,000 | 9,321,000 | -2,008,000 | 159,000 | 2,760,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment and assets held for sale | 251,000 | 285,000 | 168,000 | 309,000 | 10,940,000 | 181,000 | 2,091,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (to) joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of loan to the jivdc | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to the jivdc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipts applied against nonaccrual loan to the jivdc | 0 | 0 | 0 | 512,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursement of advances with the jivdc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds advanced to the jivdc in connection with their refinancing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of note from the previous developer of the jamul project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land purchased adjacent to hollywood casino jamul - san diego | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of items charged to interest expense and interest income | 1,465,000 | 1,540,000 | 1,603,000 | 1,627,000 | 2,058,000 | 1,600,000 | 1,675,000 | 1,775,000 | 3,089,000 | 3,100,000 | 3,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated affiliates | 8,250,000 | 6,800,000 | 6,500,000 | 5,250,000 | 8,200,000 | 7,250,000 | 5,750,000 | 8,150,000 | 5,950,000 | 7,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery) provision for loan loss and unfunded loan commitments to the jivdc and impairment losses | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of aoci to earnings upon termination of the casino rama management contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write off of debt issuance costs and discounts | 311,000 | 2,579,000 | 882,000 | 574,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment and modification of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease, net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase, net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance remediation proceeds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan to the jivdc | 0 | 1,000 | -339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional contributions from/(to) joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for acquisitions of businesses, gaming licenses, and other intangibles, net of cash acquired | -411,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on financing obligation with glpi | -15,572,000 | -16,116,000 | -16,650,000 | -14,438,000 | -14,093,000 | -14,543,000 | -14,785,000 | -12,322,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issuance costs | 11,999,000 | 48,000,000 | 11,087,000 | 1,359,710,000 | 49,966,000 | 11,990,000 | 12,214,000 | 457,290,000 | 15,000,000 | 45,000,000 | 0 | 110,000 | 19,954,000 | 105,052,000 | 104,000,000 | 47,932,000 | 1,622,940,000 | -1,330,000 | 30,000,000 | -17,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility draws | 35,000,000 | 24,000,000 | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase to financing obligation in connection with acquisition | -3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on long-term debt | -20,111,000 | -125,309,000 | -45,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -59,956,000 | 13,046,000 | 29,978,000 | -19,592,000 | -9,629,000 | -4,611,000 | 29,056,000 | -30,708,000 | 2,307,000 | 32,193,000 | 5,500,000 | 18,640,000 | -152,160,000 | 219,843,000 | 11,392,000 | -11,648,000 | -23,854,000 | 62,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 277,953,000 | 0 | 0 | 0 | 229,510,000 | 0 | 0 | 237,009,000 | 0 | 0 | 208,673,000 | 0 | 0 | 292,995,000 | 0 | 0 | 260,467,000 | 0 | 0 | 238,440,000 | 0 | 0 | 246,385,000 | 0 | 0 | 713,118,000 | 0 | 0 | 746,278,000 | 0 | 0 | 174,372,000 | 0 | 0 | 168,515,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 44,397,000 | -17,846,000 | 217,997,000 | 40,508,000 | -35,089,000 | 259,488,000 | -19,592,000 | 7,122,000 | 214,238,000 | -9,629,000 | -4,611,000 | 237,729,000 | -20,592,000 | -36,396,000 | 287,695,000 | 32,736,000 | -12,567,000 | 247,702,000 | 13,306,000 | -13,325,000 | 217,451,000 | -114,164,000 | 87,507,000 | 234,478,000 | -42,762,000 | -244,303,000 | 642,507,000 | -30,708,000 | 56,881,000 | 738,236,000 | 1,285,000 | -43,528,000 | 167,899,000 | 19,543,000 | -11,228,000 | 170,822,000 | 6,004,000 | -7,802,000 | 138,120,000 | |||||||||||||||||||||||||||||||||||||||||
supplemental disclosure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense paid, net of amounts capitalized | 120,136,000 | 109,794,000 | 120,229,000 | 107,319,000 | 122,819,000 | 108,816,000 | 113,825,000 | 109,232,000 | 116,350,000 | 113,629,000 | 304,162,000 | 13,078,000 | 4,036,000 | 4,759,000 | 13,909,000 | 7,278,000 | 30,276,000 | 19,347,000 | 32,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 17,281,000 | 4,274,000 | 2,233,000 | 447,000 | 206,000 | 226,000 | 8,217,000 | 2,678,000 | 352,000 | 30,101,000 | 27,124,000 | 1,124,000 | 41,767,000 | 27,453,000 | 1,166,000 | 21,675,000 | 21,411,000 | 7,271,000 | 4,191,000 | 54,105,000 | 445,000 | 125,664,000 | 6,348,000 | 3,586,000 | 35,029,000 | 39,137,000 | 11,309,000 | 33,718,000 | 25,569,000 | 65,448,000 | 3,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued advances to jamul tribe | 82,000 | 1,136,000 | 55,000 | 171,000 | 1,103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash in escrow | -4,432,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for acquisitions of businesses, gaming licenses, and other intangibles | -50,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued debt issuance costs | 828,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses, provision for loan loss and unfunded loan commitments to the jivdc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment (purchase) of note from the previous developer of the jamul project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional fundings and investment in joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase from financing obligation in connection with acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes (refunds received)/taxes paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on loans to the jamul tribe and goodwill | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds for insurance claim | 0 | 0 | 577,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to the jamul tribe | -367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal and interest receipts applied against loans to the jamul tribe | 2,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consideration paid for acquisitions of businesses and other property and equipment, net of cash acquired | -1,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax refunds received | -15,793,000 | 3,644,000 | -9,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on loans to the jamul tribe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property and equipment and assets held for sale | -45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
write off of debt issuance costs | 5,377,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
project capital expenditures, net of reimbursements | -6,178,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to the jamul tribe | -65,643,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
delayed draw term loan c commitments with jamul tribe | -168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and other licenses | -2,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income statement data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations including noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the shareholders of penn | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted shares outstanding—basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted shares outstanding—diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total financing obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ (deficit) equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital project expenditures, net of reimbursements | -3,491,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital maintenance expenditures | -18,888,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, gaming and other licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from stock options exercised | 4,135,000 | 3,686,000 | 689,000 | 2,090,000 | 1,657,000 | 6,379,000 | 7,752,000 | 2,045,000 | 2,293,000 | 3,467,000 | 454,000 | 999,000 | 1,479,000 | 259,000 | 114,000 | 428,000 | 1,130,000 | 327,000 | 551,000 | 18,000 | 396,000 | 12,036,000 | 1,095,000 | 3,766,000 | 440,000 | 4,927,000 | 11,387,000 | 4,419,000 | 1,000,000 | 1,707,000 | 1,439,000 | 557,000 | 342,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income tax (refunds received)/taxes paid | 413,000 | 348,000 | -12,481,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in contingent purchase price | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of other property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital project expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of settlement value on other noncurrent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of fixed assets | 413,000 | 235,000 | 153,000 | 158,000 | 285,000 | 2,390,000 | 64,000 | 12,000 | 642,000 | 245,000 | 112,000 | 308,000 | 135,000 | 923,000 | 591,000 | 418,000 | -498,000 | 872,000 | 830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions of earnings from unconsolidated affiliates | 8,050,000 | 6,000,000 | 8,000,000 | 6,500,000 | 5,500,000 | 5,500,000 | 8,000,000 | 4,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses and writedowns | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent tax liabilities | 1,217,000 | 1,272,000 | 1,519,000 | -4,921,000 | 1,209,000 | 4,489,000 | -1,630,000 | 2,113,000 | 1,971,000 | 1,612,000 | 1,724,000 | 682,000 | 1,359,000 | 1,132,000 | 1,618,000 | -5,163,000 | 6,971,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash in escrow | 0 | 0 | 18,000,000 | 0 | 0 | 26,000,000 | 300,000 | -10,150,000 | 25,650,000 | 10,982,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and gaming and other licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on long-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of settlement values on long term obligations | 356,000 | 351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease, net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease), net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 108,158,000 | 168,739,000 | 64,711,000 | 83,777,000 | 34,239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in cash in escrow | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and gaming and other licenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | -30,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of gaming licenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of settlement value on long term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hollywood casino st. louis tornado deductible charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses and write downs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investment in corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of bullwhackers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance receivable | 0 | 0 | 1,072,000 | 13,863,000 | -208,000 | 15,019,000 | 0 | 0 | 100,000,000 | 16,996,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to jamul tribe | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment in corporate debt securities | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of bullwhackers, net of cash on hand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from share based awards exercised | 239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of settlment value on long term obligation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of settlement value on long term obligation | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hollywood st. louis tornado deductible charges | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investment in corporate debt securities | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and gaming licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other long-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of gaming licenses, net of acquisition of businesses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenditures for property and equipment, net of reimbursements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of fixed assets | -14,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds related to damaged property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in joint ventures, net of proceeds received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses and gaming licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 26,494,000 | 12,078,000 | 26,888,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 71,382,000 | 99,701,000 | 15,353,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses and licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses and licenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income including noncontrolling interests | 70,803,000 | 75,989,000 | 51,528,000 | 48,345,000 | 6,972,000 | 36,155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income including noncontrolling interests to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of fixed assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on police services contract termination at hollywood casino aurora | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase), net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenditures for property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in cash in escrow | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired, net of acquisitions of businesses and licenses | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense paid | 32,068,000 | 14,956,000 | 38,357,000 | 41,859,000 | 19,876,000 | 43,234,000 | 33,400,000 | 33,349,000 | 32,943,000 | 40,604,000 | 48,458,000 | 50,248,000 | 51,412,000 | 46,484,000 | 49,836,000 | 50,389,000 | 50,728,000 | 44,892,000 | 52,596,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hollywood casino joliet fire | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hollywood casino joliet fire | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in kansas entertainment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and licenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax impact from stock options exercised | 1,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
empress casino hotel fire | 59,000 | 210,000 | 536,000 | 4,318,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on accelerated payment of other long-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from empress casino hotel fire | 0 | 0 | 4,821,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and gaming licenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in kansas entertainment joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of items charged to interest income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
charge for stock compensation | 6,384,000 | 6,632,000 | 6,787,000 | 8,485,000 | 8,991,000 | 5,383,000 | 4,145,000 | 6,330,000 | 6,256,000 | 6,598,000 | 4,831,000 | 5,493,000 | 4,911,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss for replaced lawrenceburg vessel | 136,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred financing fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from joint venture | 36,000 | 416,000 | 303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment in corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 14,718,000 | -21,412,000 | 22,174,000 | 23,230,000 | -5,549,000 | 19,465,000 | 21,714,000 | 88,037,000 | -104,215,000 | 105,514,000 | 1,072,000 | 7,948,000 | 7,400,000 | 4,554,000 | 5,424,000 | 5,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in corporate debt securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses and licenses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on preferred stock, net of related expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (earnings) from joint venture | 139,000 | 152,000 | 759,000 | 110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds on insurance financing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate fluctuations on cash | 1,000 | 9,000 | 156,000 | 125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(earnings) loss from joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss relating to early extinguishment of debt | 0 | 0 | 0 | 2,255,000 | 0 | 0 | 1,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent tax liabilities | 1,850,000 | 948,000 | 1,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | -2,130,000 | 2,378,000 | 4,259,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating cash flows from discontinued operations | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred financing cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from joint venture | 0 | 0 | 3,112,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds from hurricane | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs charged to interest expense | 2,810,000 | 2,811,000 | 2,812,000 | 2,928,000 | 668,000 | 653,000 | 997,000 | 1,338,000 | 1,334,000 | 1,360,000 | 1,949,000 | 1,169,000 | 707,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of the unrealized loss on interest rate swap contracts charged to interest expense, net of income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on hurricane, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 21,113,000 | 1,534,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hurricane | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments to) distributions from joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business | 0 | 0 | 274,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing cash flows from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of the unrealized gain on interest rate swap contracts charged to interest expense, net of income tax benefit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book value of assets tranferred to insurance receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid income taxes | -1,000 | 4,000 | 5,703,000 | 0 | -1,149,000 | 1,159,000 | 0 | 6,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current and non-current liabilities | 3,617,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 132,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase, net of businesses acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from (payments to) joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from operations | 41,983,000 | 55,401,000 | 12,123,000 | 15,802,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | 2,291,000 | 2,769,000 | 452,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
after-tax gain on sale of hollywood casino shreveport | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of the unrealized loss on interest rate swap contracts charged to interest expense | 14,000 | 28,000 | 39,000 | 387,000 | 401,000 | 373,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
book value of assets transferred to insurance receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of net assets | 1,963,000 | 185,000 | 37,000 | 245,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss relating to early extinguishment of debt, before income tax benefit | 0 | 2,567,000 | 4,679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of restricted stock | 119,000 | 120,000 | 119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance receiveable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous other assets | 805,000 | 216,000 | 10,096,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long term debt | 0 | 0 | 250,000,000 | 129,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in unamortized financing cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for beginning of period | 0 | 0 | 87,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for end of period | 18,640,000 | -152,160,000 | 307,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on change in value of interest rate swap contracts | 0 | 0 | 527,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to terminate interest rate swap contract | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash in escrow | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) in investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from continuing operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) in continuing investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in unamortized financing cost | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in balances due to/from discontinued subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for continuing operations, beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for continuing operations, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for discontinued operations, beginning of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents for discontinued operations, end of period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 679,000 | 462,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease, net of businesses acquired in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 2,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase, net of businesses acquired in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit facility | 0 | 0 | 700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at beginning of period | 106,969,000 | 0 | 0 | 55,121,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at end of period | 118,361,000 | -11,648,000 | -23,854,000 | 118,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accelerated vesting of stock options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase), net of businesses acquired in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease), net of businesses acquired in: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of options and warrants | 365,000 | 1,069,000 | 321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock |