Penn National Gaming, Inc. (PENN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8641,854437480278230237
Cash and cash equivalents1,8641,854437480278230237
Receivables1959689107636245
Prepaid expense1321047763446077
Other current assets32314028164813
Total current assets:2,2242,085643678401399372
Noncurrent Assets
Finance lease, right-of-use asset  224
Operating lease, right-of-use asset4,8534,8184,613
Property, plant and equipment4,5824,5295,1206,8692,7572,8202,980
Long-term investments and receivables255267128128170248366
Long-term investments255267128128149156168
Accounts and financing receivable, after allowance for credit loss    2191198
Intangible assets, net (including goodwill)4,6952,6713,2973,0851,4311,4251,303
Goodwill2,8231,1571,2711,2281,008990912
Intangible assets, net (excluding goodwill)1,8731,5142,0271,857423435391
Regulated entity, other noncurrent assets    27  
Restricted cash and investments   2   
Other noncurrent assets2632981691208682117
Other undisclosed noncurrent assets   79364  
Total noncurrent assets:14,64912,58213,55210,2834,8344,5754,766
TOTAL ASSETS:16,87214,66714,19510,9615,2354,9745,139
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities852608672496277236272
Accounts payable53334031263573
Accrued liabilities79957563120512610294
Employee-related liabilities   1391119299
Taxes payable   106   
Interest and dividends payable   161467
Debt11088194130368692
Deferred compensation liability8286  655953
Deferred revenue and credits131414
Other liabilities   113909682
Other undisclosed current liabilities907741 514645
Total current liabilities:1,133860906738530536558
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,2666,8096,9929,4311,2151,3301,619
Long-term debt, excluding current maturities2,6372,2312,3222,350   
Finance lease, liability307213219
Capital lease obligations7,0813,4833,4573,514
Operating lease, liability4,3214,3664,451
Other undisclosed long-term debt and lease obligation    (2,268)(2,128)(1,895)
Liabilities, other than long-term debt360284380618167126
Deferred tax liabilities, net   108
Deferred income tax liabilities189126245
Liability for uncertainty in income taxes423837323427 
Other liabilities1291199828474018
Other undisclosed noncurrent liabilities4,0164,0584,065 3,4833,5843,514
Total noncurrent liabilities:11,64211,15211,4379,4914,7784,9815,259
Total liabilities:12,77512,01212,34310,2305,3085,5185,817
Stockholders' equity
Stockholders' equity attributable to parent, including:4,0982,6561,853731(73)(543)(678)
Common stock    111
Treasury stock, value(28)(28)(28)(28)(28)(28)(28)
Additional paid in capital4,2403,1671,7181,7261,0081,014989
Accumulated other comprehensive loss(54)   (1)(5)(5)
Retained earnings (accumulated deficit)(87)(507)162(968)(1,052)(1,525)(1,635)
Other undisclosed stockholders' equity attributable to parent282511   
Stockholders' equity attributable to noncontrolling interest(1)(0)(1)(0)   
Total stockholders' equity:4,0972,6561,852731(73)(543)(678)
TOTAL LIABILITIES AND EQUITY:16,87214,66714,19510,9615,2354,9745,139

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,9053,5795,3013,5883,1483,0342,838
Revenue, net2,5352,4482,838
Cost of revenue(3,059)(1,884)(2,952)(2,010)(64)(16)(350)
Cost of goods and services sold     (16)(350)
Financial services costs(64)  
Gross profit:2,8461,6952,3491,5773,0843,0182,488
Operating expenses(1,787)(2,105)(1,778)(943)(2,702)(2,491)(2,371)
Other undisclosed operating income    6416350
Operating income (loss):1,060(410)572634446543468
Nonoperating income (expense)410820(6)123(411)
Investment income, nonoperating11 142412
Other nonoperating income (expense)310720(7)(2)(2)6
Interest and debt expense(567)(548)(536)(560)(491)(459)(443)
Other undisclosed income from continuing operations before equity method investments, income taxes      443
Income (loss) from continuing operations before equity method investments, income taxes:496(850)5668(44)10657
Income from equity method investments391428221914 
Other undisclosed income from continuing operations before income taxes422    
Income (loss) from continuing operations before income taxes:539(834)8690(25)12157
Income tax expense (benefit)(119)165(43)4499(11)(56)
Net income (loss):421(669)43944731091
Net income (loss) attributable to noncontrolling interest0(0)10   
Net income (loss) attributable to parent:421(670)44944731091
Preferred stock dividends and other adjustments(2)    (9)(0)
Net income (loss) available to common stockholders, basic:419(670)44944731011
Interest on convertible debt17      
Other undisclosed net loss available to common stockholders, diluted(17)      
Net income (loss) available to common stockholders, diluted:419(670)44944731011

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):421(669)43944731091
Other comprehensive loss(54)     (3)
Comprehensive income (loss):366(669)4394473109(3)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)10   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    3(0) 
Comprehensive income (loss), net of tax, attributable to parent:366(670)4494477109(3)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: