Penn National Gaming, Inc. (PENN) financial statements (2021 and earlier)

Company profile

Business Address 825 BERKSHIRE BLVD STE 200
WYOMISSING, PA 19610
State of Incorp. PA
Fiscal Year End December 31
SIC 7011 - Hotels and Motels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,854437480278230237209
Cash and cash equivalents1,854437480278230237209
Receivables968910763624542
Prepaid expense104776344607769
Other current assets31402816481311
Other undisclosed current assets      56
Total current assets:2,085643678401399372386
Noncurrent Assets
Finance lease, right-of-use asset 224
Operating lease, right-of-use asset4,8184,613
Property, plant and equipment4,5295,1206,8692,7572,8202,980769
Long-term investments and receivables267128128170248366180
Long-term investments267128128149156168180
Accounts and financing receivable, after allowance for credit loss   2191198 
Intangible assets, net (including goodwill)2,6713,2973,0851,4311,4251,303648
Goodwill1,1571,2711,2281,008990912278
Intangible assets, net (excluding goodwill)1,5142,0271,857423435391371
Regulated entity, other noncurrent assets   27   
Restricted cash and investments  2    
Deferred costs      25
Other noncurrent assets2981691208682117149
Deferred tax assets, net    79
Other undisclosed noncurrent assets  79364   
Total noncurrent assets:12,58213,55210,2834,8344,5754,7661,850
TOTAL ASSETS:14,66714,19510,9615,2354,9745,1392,236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities608672496277236272263
Accounts payable33403126357343
Accrued liabilities57563120512610294131
Employee-related liabilities  139111929984
Taxes payable  106    
Interest and dividends payable  1614675
Debt8819413036869231
Deferred compensation liability86  65595361
Deferred revenue and credits131414 
Other liabilities  11390968276
Other undisclosed current liabilities7741 5146454
Total current liabilities:860906738530536558436
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,8096,9929,4311,2151,3301,6191,230
Long-term debt, excluding current maturities2,2312,3222,350    
Finance lease, liability213219
Capital lease obligations7,0813,4833,4573,514 
Operating lease, liability4,3664,451
Other undisclosed long-term debt and lease obligation   (2,268)(2,128)(1,895)1,230
Liabilities, other than long-term debt28438061816712616
Deferred tax liabilities, net   108 
Deferred income tax liabilities126245
Liability for uncertainty in income taxes3837323427 8
Other liabilities11998284740188
Other undisclosed noncurrent liabilities4,0584,065 3,4833,5843,514 
Total noncurrent liabilities:11,15211,4379,4914,7784,9815,2591,246
Total liabilities:12,01212,34310,2305,3085,5185,8171,682
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6561,853731(73)(543)(678)554
Common stock   1111
Treasury stock, value(28)(28)(28)(28)(28)(28) 
Additional paid in capital3,1671,7181,7261,0081,014989918
Accumulated other comprehensive loss   (1)(5)(5)(1)
Retained earnings (accumulated deficit)(507)162(968)(1,052)(1,525)(1,635)(363)
Other undisclosed stockholders' equity attributable to parent2511    
Stockholders' equity attributable to noncontrolling interest(0)(1)(0)    
Total stockholders' equity:2,6561,852731(73)(543)(678)554
TOTAL LIABILITIES AND EQUITY:14,66714,19510,9615,2354,9745,1392,236

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,5795,3013,5883,1483,0342,8382,591
Revenue, net2,5352,4482,8382,591
Cost of revenue(1,884)(2,952)(2,010)(64)(16)(350)(1,469)
Cost of goods and services sold    (16)(350)(1,469)
Financial services costs(64)   
Gross profit:1,6952,3491,5773,0843,0182,4881,122
Operating expenses(2,105)(1,778)(943)(2,702)(2,491)(2,371)(2,831)
Other undisclosed operating income   64163501,469
Operating income (loss):(410)572634446543468(240)
Nonoperating income (expense)10820(6)123(411)(31)
Investment income, nonoperating1 1424124
Other nonoperating income (expense)10720(7)(2)(2)63
Interest and debt expense(548)(536)(560)(491)(459)(443)(46)
Other undisclosed income from continuing operations before equity method investments, income taxes     44346
Income (loss) from continuing operations before equity method investments, income taxes:(850)5668(44)10657(272)
Income from equity method investments1428221914 8
Other undisclosed income from continuing operations before income taxes22     
Income (loss) from continuing operations before income taxes:(834)8690(25)12157(264)
Income tax expense (benefit)165(43)4499(11)(56)39
Net income (loss):(669)43944731091(225)
Net income (loss) attributable to noncontrolling interest(0)10    
Other undisclosed net loss attributable to parent      (8)
Net income (loss) attributable to parent:(670)44944731091(233)
Preferred stock dividends and other adjustments    (9)(0) 
Net income (loss) available to common stockholders, diluted:(670)44944731011(233)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(669)43944731091(225)
Other comprehensive loss     (3)(2)
Other undisclosed comprehensive loss      (8)
Comprehensive income (loss):(669)4394473109(3)(235)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)10    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   3(0)  
Comprehensive income (loss), net of tax, attributable to parent:(670)4494477109(3)(235)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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