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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 479,598 $ 277,953
Receivables, net of allowance for doubtful accounts of $3,161 and $2,983 106,837 62,805
Prepaid expenses 62,971 43,780
Other current assets 28,252 16,494
Total current assets 677,658 401,032
Property and equipment, net 6,868,768 2,756,669
Investment in and advances to unconsolidated affiliates 128,488 148,912
Goodwill 1,228,422 1,008,097
Other intangible assets, net 1,856,868 422,606
Deferred income taxes 80,612 390,943
Loan to the JIVDC, net of allowance for loan losses of $0 and $64,052 0 20,900
Other assets 120,196 85,653
Total other assets 3,414,586 2,077,111
Total assets 10,961,012 5,234,812
Current liabilities    
Accounts payable 30,551 26,048
Accrued expenses 204,656 125,688
Accrued interest 15,793 13,528
Accrued salaries and wages 139,159 111,252
Gaming, pari-mutuel, property, and other taxes 105,767 69,645
Current maturities of long-term debt 62,140 35,612
Current portion of financing obligations 67,777 56,248
Other current liabilities 112,593 91,988
Total current liabilities 738,436 530,009
Long-term debt, net of current maturities and debt issuance costs 2,350,088 1,214,625
Long-term financing obligations, net of current portion 7,080,638 3,482,573
Noncurrent tax liabilities 32,360 34,099
Other noncurrent liabilities 28,269 46,652
Total liabilities 10,229,791 5,307,958
Commitments and contingencies (Note 11)
Stockholders’ equity (deficit)    
Common stock ($0.01 par value, 200,000,000 shares authorized, 118,855,201 and 93,392,635 shares issued, and 116,687,808 and 91,225,242 shares outstanding) 1,188 933
Treasury stock, at cost, (2,167,393 shares held in both periods) (28,414) (28,414)
Additional paid-in capital 1,726,401 1,007,606
Accumulated deficit (967,949) (1,051,818)
Accumulated other comprehensive loss 0 (1,453)
Total Penn National Gaming, Inc. stockholders’ equity (deficit) 731,226 (73,146)
Non-controlling interest (5) 0
Total stockholders’ equity (deficit) 731,221 (73,146)
Total liabilities and stockholders’ equity (deficit) 10,961,012 5,234,812
Series B Preferred stock    
Stockholders’ equity (deficit)    
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding) 0 0
Series C Preferred stock    
Stockholders’ equity (deficit)    
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding) $ 0 $ 0