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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments437480278230237209
Cash and cash equivalents437480278230237209
Receivables8910763624542
Prepaid expense776344607771
Deferred tax assets    40
Other current assets402816481311
Total current assets:643678401399372373
Noncurrent Assets
Finance lease, right-of-use asset224
Operating lease, right-of-use asset4,613
Property, plant and equipment5,1206,8692,7572,8202,9802,670
Long-term investments and receivables128128170248366180
Long-term investments128128149156168180
Accounts and financing receivable, after allowance for credit loss  2191198 
Intangible assets, net (including goodwill)3,2973,0851,4311,4251,3031,294
Goodwill1,2711,2281,008990912874
Intangible assets, net (excluding goodwill)2,0271,857423435391419
Regulated entity, other noncurrent assets  27   
Restricted cash and investments 2    
Other noncurrent assets1691208682117149
Other undisclosed noncurrent assets 79364   
Total noncurrent assets:13,55210,2834,8344,5754,7664,292
TOTAL ASSETS:14,19510,9615,2354,9745,1394,665
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities672496277236272265
Accounts payable403126357343
Accrued liabilities63120512610294133
Employee-related liabilities 139111929984
Taxes payable 106    
Interest and dividends payable 1614675
Debt19413036869231
Deferred compensation liability  65595361
Deferred revenue and credits131414 
Other liabilities 11390968276
Other undisclosed current liabilities41 51464551
Total current liabilities:906738530536558485
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,9929,4311,2151,3301,6191,211
Long-term debt, excluding current maturities2,3222,350    
Finance lease, liability219
Capital lease obligations7,0813,4833,4573,5143,565
Operating lease, liability4,451
Other undisclosed long-term debt and lease obligation  (2,268)(2,128)(1,895)(2,354)
Liabilities, other than long-term debt380618167126113
Deferred tax liabilities, net   10879
Deferred income tax liabilities245
Liability for uncertainty in income taxes37323427 7
Other liabilities982847401827
Other undisclosed noncurrent liabilities4,065 3,4833,5843,5143,565
Total noncurrent liabilities:11,4379,4914,7784,9815,2594,888
Total liabilities:12,34310,2305,3085,5185,8175,373
Stockholders' equity
Stockholders' equity attributable to parent, including:1,853731(73)(543)(678)(708)
Common stock  1111
Treasury stock, value(28)(28)(28)(28)(28)(28)
Additional paid in capital1,7181,7261,0081,014989956
Accumulated other comprehensive loss  (1)(5)(5)(1)
Retained earnings (accumulated deficit)162(968)(1,052)(1,525)(1,635)(1,635)
Other undisclosed stockholders' equity attributable to parent11    
Stockholders' equity attributable to noncontrolling interest(1)(0)    
Total stockholders' equity:1,852731(73)(543)(678)(708)
TOTAL LIABILITIES AND EQUITY:14,19510,9615,2354,9745,1394,665

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,3013,5883,1483,0342,8382,591
Revenue, net2,5352,4482,8382,591
Cost of revenue(2,952)(2,010)(64)(16)(350)(320)
Cost of goods and services sold   (16)(350)(320)
Financial services costs(64)   
Gross profit:2,3491,5773,0843,0182,4882,271
Operating expenses(1,778)(943)(2,702)(2,491)(2,371)(2,333)
Other undisclosed operating income  6416350320
Operating income:572634446543468257
Nonoperating income (expense)20(6)123(411)(410)
Investment income, nonoperating 1424124
Other nonoperating income (expense)20(7)(2)(2)63
Interest and debt expense(536)(560)(491)(459)(443)(425)
Other undisclosed income from continuing operations before equity method investments, income taxes    443425
Income (loss) from continuing operations before equity method investments, income taxes:5668(44)10657(153)
Income from equity method investments28221914  
Other undisclosed income from continuing operations before income taxes2     
Income (loss) from continuing operations before income taxes:8690(25)12157(153)
Income tax expense (benefit)(43)4499(11)(56)(31)
Net income (loss):43944731091(184)
Net income attributable to noncontrolling interest10    
Net income (loss) attributable to parent:44944731091(184)
Preferred stock dividends and other adjustments   (9)(0) 
Net income (loss) available to common stockholders, diluted:44944731011(184)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):43944731091(184)
Other comprehensive loss    (3)(2)
Comprehensive income (loss):4394473109(3)(185)
Comprehensive income, net of tax, attributable to noncontrolling interest10    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  3(0)  
Comprehensive income (loss), net of tax, attributable to parent:4494477109(3)(185)

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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