Income Statement PENN Entertainment, Inc.

Equities

PENN

US7075691094

Casinos & Gaming

Market Closed - Nasdaq Other stock markets 21:00:00 13/09/2024 BST			5-day change	1st Jan Change
19.90 ^USD	+8.39%		+10.13%	-23.52%

09-10	Penn Entertainment Pick of the Week at Smart Insider Following Stock Purchase by CEO Snowden	MT
09-09	Penn Entertainment Insider Bought Shares Worth $276,000, According to a Recent SEC Filing	MT

4306fb11a89570e5925821f.9l8ueQd6NPE8TT7HRx4jjScfLF7zXeV1FFlqc0jRrfA.kxQdHkQjBNx7fHaCDSp2vF5FfheWO4EvTRMGXiG4xqWgOlwAVjJgiH1-Cg

Published financial data: PENN ENTERTAINMENT, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.3B	3.58B	5.9B	6.4B	6.36B
Total Revenues	5.3B	3.58B	5.9B	6.4B	6.36B
Cost of Goods Sold, Total	2.9B	1.87B	2.97B	3.38B	3.59B
Gross Profit	2.41B	1.71B	2.94B	3.02B	2.77B
Selling General & Admin Expenses, Total	1.24B	1.12B	1.31B	1.07B	1.55B
Depreciation & Amortization - (IS)	414M	367M	344M	568M	435M
Other Operating Expenses	-	-	180M	252M	390M
Other Operating Expenses, Total	1.66B	1.49B	1.83B	1.89B	2.37B
Operating Income	749M	225M	1.11B	1.14B	398M
Interest Expense, Total	-536M	-544M	-563M	-758M	-465M
Interest And Investment Income	1.4M	900K	1.1M	18.3M	40.3M
Net Interest Expenses	-534M	-543M	-562M	-740M	-424M
Income (Loss) On Equity Invest.	28.4M	13.8M	38.7M	23.7M	25.3M
Other Non Operating Income (Expenses)	100K	-100K	-2.5M	-2.2M	513M
EBT, Excl. Unusual Items	243M	-304M	581M	418M	512M
Restructuring Charges	-	-13.4M	-1.7M	-	-
Merger & Related Restructuring Charges	-	-	-43.1M	-52.1M	-25M
Impairment of Goodwill	-88M	-113M	-	-37.4M	-30M
Gain (Loss) On Sale Of Investments	19.9M	102M	5M	-69.9M	-6.4M
Gain (Loss) On Sale Of Assets	-	-	-	-	-923M
Asset Writedown	-85.1M	-506M	-	-80.8M	-101M
Insurance Settlements	3M	100K	-	10.7M	13.9M
Other Unusual Items	-7M	-100K	-1.9M	-12.9M	59.8M
EBT, Incl. Unusual Items	86.1M	-834M	539M	175M	-500M
Income Tax Expense	43M	-165M	119M	-46.4M	-8.2M
Earnings From Continuing Operations	43.1M	-669M	420M	222M	-491M
Net Income to Company	43.1M	-669M	420M	222M	-491M
Minority Interest	800K	-400K	300K	400K	1.4M
Net Income - (IS)	43.9M	-670M	421M	222M	-490M
Preferred Dividend and Other Adjustments	-	-	2.1M	900K	-
Net Income to Common Incl Extra Items	43.9M	-670M	419M	221M	-490M
Net Income to Common Excl. Extra Items	43.9M	-670M	419M	221M	-490M
Per Share Items
Net EPS - Basic	0.38	-5	2.64	1.37	-3.22
Basic EPS - Continuing Operations	0.38	-5	2.64	1.37	-3.22
Basic Weighted Average Shares Outstanding	116M	134M	159M	161M	152M
Net EPS - Diluted	0.37	-5	2.48	1.29	-3.22
Diluted EPS - Continuing Operations	0.37	-5	2.48	1.29	-3.22
Diluted Weighted Average Shares Outstanding	118M	134M	176M	177M	152M
Normalized Basic EPS	1.32	-1.42	2.29	1.62	2.11
Normalized Diluted EPS	1.3	-1.42	2.07	1.48	2.11
Supplemental Items
EBITDA	1.16B	592M	1.45B	1.7B	833M
EBITA	774M	247M	1.13B	1.19B	457M
EBIT	749M	225M	1.11B	1.14B	398M
EBITDAR	1.61B	1.07B	1.99B	1.95B	1.53B
Total Revenues (As Reported)	5.3B	3.58B	5.9B	6.4B	6.36B
Effective Tax Rate - (Ratio)	49.94	19.79	22	-26.47	1.64
Current Domestic Taxes	21.7M	-47.2M	123M	104M	25.7M
Current Foreign Taxes	200K	400K	-	-	-
Total Current Taxes	21.9M	-46.8M	123M	104M	25.7M
Deferred Domestic Taxes	21.1M	-118M	-1.4M	-112M	-36M
Deferred Foreign Taxes	-	-	-3.1M	-38.5M	2.1M
Total Deferred Taxes	21.1M	-118M	-4.5M	-151M	-33.9M
Normalized Net Income	153M	-190M	363M	261M	321M
Interest Capitalized	300K	2.2M	4.1M	1.9M	4.9M
Interest on Long-Term Debt	536M	548M	567M	770M	470M
Supplemental Operating Expense Items
Advertising Expense	-	-	88.2M	94.8M	173M
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	798M	699M	852M	917M	954M
Net Rental Expense, Total	444M	476M	540M	248M	698M
Imputed Operating Lease Interest Expense	182M	185M	215M	123M	215M
Imputed Operating Lease Depreciation	262M	291M	325M	125M	484M
Stock-Based Comp., G&A Exp. (Total)	29.7M	95.7M	50.3M	67.6M	86.1M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	29.7M	95.7M	50.3M	67.6M	86.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	437M	1.85B	1.86B	1.62B	1.07B
Total Cash And Short Term Investments	437M	1.85B	1.86B	1.62B	1.07B
Accounts Receivable, Total	55.9M	62M	72.3M	116M	172M
Other Receivables	26.2M	26.7M	110M	123M	137M
Total Receivables	82.1M	88.7M	182M	238M	309M
Prepaid Expenses	76.7M	104M	132M	106M	226M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	15.5M	15.3M	15M	19M	21.5M
Other Current Assets, Total	31.1M	23.7M	30.2M	25.9M	31.3M
Total Current Assets	643M	2.08B	2.22B	2.01B	1.66B
Gross Property Plant And Equipment	12.64B	12.22B	12.57B	14B	12.32B
Accumulated Depreciation	-2.69B	-2.87B	-3.13B	-3.38B	-2.51B
Net Property Plant And Equipment	9.96B	9.35B	9.44B	10.62B	9.82B
Long-term Investments	191M	432M	361M	280M	110M
Goodwill	1.27B	1.16B	2.82B	2.69B	2.7B
Other Intangibles, Total	2.03B	1.51B	1.87B	1.74B	1.62B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	106M	133M	157M	161M	162M
Total Assets	14.19B	14.67B	16.87B	17.5B	16.06B
Liabilities
Accounts Payable, Total	40.3M	33.2M	53.3M	40.1M	36.6M
Accrued Expenses, Total	564M	524M	680M	672M	727M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	62.9M	81.4M	99.5M	56.2M	47.6M
Current Portion of Leases	171M	170M	182M	258M	384M
Other Current Liabilities	67M	51.1M	119M	133M	294M
Total Current Liabilities	906M	860M	1.13B	1.16B	1.49B
Long-Term Debt	2.32B	2.23B	2.64B	2.72B	2.72B
Long-Term Leases	8.77B	8.67B	8.69B	9.87B	8.39B
Unearned Revenue Non Current	43.6M	52.7M	52.2M	46.2M	39M
Deferred Tax Liability Non Current	245M	126M	189M	33.9M	118M
Other Non Current Liabilities	54.4M	66.7M	76.8M	71.7M	107M
Total Liabilities	12.34B	12.01B	12.78B	13.91B	12.86B
Preferred Stock Convertible	-	23.1M	25.8M	19.4M	-
Total Preferred Equity	-	23.1M	25.8M	19.4M	-
Common Stock, Total	1.2M	1.6M	1.7M	1.7M	1.8M
Additional Paid In Capital	1.72B	3.17B	4.24B	4.22B	4.44B
Retained Earnings	162M	-507M	-86.5M	154M	-336M
Treasury Stock	-28.4M	-28.4M	-28.4M	-630M	-780M
Comprehensive Income and Other	-	-	-54.4M	-169M	-121M
Total Common Equity	1.85B	2.63B	4.07B	3.58B	3.2B
Minority Interest	-800K	-400K	-700K	-1.1M	-2.5M
Total Equity	1.85B	2.66B	4.1B	3.6B	3.2B
Total Liabilities And Equity	14.19B	14.67B	16.87B	17.5B	16.06B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	116M	156M	166M	150M	149M
ECS Total Common Shares Outstanding	115M	155M	168M	151M	149M
Book Value / Share	16.07	16.97	24.25	23.66	21.48
Tangible Book Value	-1.44B	-37.5M	-623M	-850M	-1.11B
Tangible Book Value Per Share	-12.53	-0.24	-3.71	-5.62	-7.45
Total Debt	11.33B	11.16B	11.61B	12.91B	11.54B
Net Debt	10.89B	9.3B	9.74B	11.28B	10.47B
Debt Equivalent Oper. Leases	3.56B	3.81B	4.32B	1.99B	5.59B
Minority Interest, Total (Incl. Fin. Div)	-800K	-400K	-700K	-1.1M	-2.5M
Equity Method Investments, Total	128M	267M	255M	249M	84.9M
Account Code - Inventory Valuation	6	3	3	3	3
Land - (BS)	353M	106M	148M	137M	137M
Buildings, Total	420M	205M	327M	325M	323M
Machinery, Total	1.6B	1.62B	1.71B	1.75B	1.85B
Full Time Employees	28.3K	18.32K	21.97K	21.88K	23.33K
Assets under Capital Lease - Gross	5.19B	5.16B	5.16B	5.16B	3.02B
Assets under Capital Lease - Accumulated Depreciation	-1.14B	-1.32B	-1.5B	-1.68B	-691M
Accumulated Allowance for Doubtful Accounts (Supple)	7.7M	8.8M	8M	8.5M	4.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	43.9M	-670M	421M	222M	-490M
Depreciation & Amortization - CF	390M	345M	325M	511M	376M
Amortization of Goodwill and Intangible Assets - (CF)	24.7M	21.7M	19.6M	56.7M	58.8M
Depreciation & Amortization, Total	414M	367M	344M	568M	435M
Amortization of Deferred Charges, Total - (CF)	7.7M	16.3M	22.8M	9M	8.1M
(Gain) Loss From Sale Of Asset	5.5M	-29.2M	1.1M	7.9M	923M
(Gain) Loss on Sale of Investments - (CF)	-19.9M	-102M	24.9M	69.9M	6.4M
Asset Writedown & Restructuring Costs	173M	619M	-	118M	131M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	600K	8M	-6.9M	10.1M	8M
Stock-Based Compensation (CF)	14.9M	14.5M	35.1M	58.1M	85.9M
Other Operating Activities, Total	128M	290M	143M	-23.2M	-261M
Change In Accounts Receivable	27M	-16.5M	-82.3M	-81.2M	-74.8M
Change In Accounts Payable	4.4M	-6.6M	-30.4M	-13.4M	-8.6M
Change In Income Taxes	-7.2M	-32.5M	10.2M	27.3M	-50.2M
Change in Other Net Operating Assets	-88M	-119M	13.1M	-94.1M	-257M
Cash from Operations	704M	339M	896M	878M	456M
Capital Expenditure	-191M	-137M	-244M	-263M	-360M
Sale of Property, Plant, and Equipment	-	16.1M	1.5M	4.9M	500K
Cash Acquisitions	-1.36B	-3M	-920M	-	-315M
Divestitures	-	-	-	-	-50.9M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-11.7M	-4.8M	-24.2M	-9M	-21.9M
Investment in Marketable and Equity Securities, Total	-5.5M	-140M	-27.4M	-15M	8M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	960M	35.4M	-8M	23.9M	-3.7M
Cash from Investing	-608M	-234M	-1.22B	-259M	-743M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	428M	882M	427M	1.54B	34.4M
Total Debt Issued	428M	882M	427M	1.54B	34.4M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-508M	-894M	-136M	-1.76B	-124M
Total Debt Repaid	-508M	-894M	-136M	-1.76B	-124M
Issuance of Common Stock	1.9M	1.39B	10.8M	6.9M	5.3M
Repurchase of Common Stock	-24.9M	-	-	-601M	-150M
Other Financing Activities, Total	-19.7M	-68.4M	38.1M	-47.6M	-28.7M
Cash from Financing	-122M	1.31B	340M	-853M	-263M
Foreign Exchange Rate Adjustments	-	-	-4.5M	-2.5M	-400K
Net Change in Cash	-26M	1.42B	9.7M	-236M	-550M
Supplemental Items
Cash Interest Paid	528M	355M	515M	722M	420M
Cash Income Tax Paid (Refund)	21.8M	-15.2M	108M	72.8M	73.9M
Levered Free Cash Flow	438M	48.61M	604M	571M	122M
Unlevered Free Cash Flow	765M	372M	933M	1.04B	404M
Change In Net Working Capital	-55.7M	89.1M	-115M	36.7M	-15.9M
Net Debt Issued / Repaid	-79.7M	-11.3M	291M	-211M	-89.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.72	0.98	4.38	4.13	1.48
Return on Total Capital	3.99	1.04	4.69	4.41	1.59
Return On Equity %	3.34	-29.69	12.45	5.76	-14.46
Return on Common Equity	3.4	-29.85	12.49	5.78	-14.45
Margin Analysis
Gross Profit Margin %	45.38	47.8	49.74	47.2	43.52
SG&A Margin	23.44	31.26	22.12	16.66	24.29
EBITDA Margin %	21.94	16.55	24.57	26.61	13.1
EBITA Margin %	14.59	6.9	19.07	18.63	7.18
EBIT Margin %