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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 406.9 $ 479.6
Receivables, net of allowance for doubtful accounts of $5.6 and $3.2 91.6 106.8
Prepaid expenses 72.8 63.0
Other current assets 56.9 28.2
Total current assets 628.2 677.6
Property and equipment, net 5,155.2 6,868.8
Investment in and advances to unconsolidated affiliates 128.5 128.5
Goodwill 1,350.4 1,228.4
Other intangible assets, net 2,104.5 1,856.9
Deferred income taxes 0.0 80.6
Operating lease right-of-use assets 4,592.0 0.0
Finance lease right-of-use assets 222.7 0.0
Other assets 136.5 120.2
Total assets 14,318.0 10,961.0
Current liabilities    
Accounts payable 39.5 30.5
Current maturities of long-term debt 62.9 62.1
Current portion of financing obligations 45.3 67.8
Current portion of operating lease liabilities 124.4 0.0
Current portion of finance lease liabilities 6.3 0.0
Accrued expenses and other current liabilities 598.9 578.0
Total current liabilities 877.3 738.4
Long-term debt, net of current maturities and debt issuance costs 2,392.0 2,350.1
Long-term portion of financing obligations 4,110.8 7,080.6
Long-term portion of operating lease liabilities 4,439.1 0.0
Long-term portion of finance lease liabilities 217.8 0.0
Deferred income taxes 252.8 0.0
Other noncurrent liabilities 88.8 60.7
Total liabilities 12,378.6 10,229.8
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock ($0.01 par value, 200,000,000 shares authorized, 118,044,658 and 118,855,201 shares issued, and 115,877,265 and 116,687,808 shares outstanding) 1.2 1.2
Treasury stock, at cost, (2,167,393 shares held in both periods) (28.4) (28.4)
Additional paid-in capital 1,712.9 1,726.4
Retained earnings (accumulated deficit) 254.1 (968.0)
Total Penn stockholders’ equity 1,939.8 731.2
Non-controlling interest (0.4) 0.0
Total stockholders’ equity 1,939.4 731.2
Total liabilities and stockholders’ equity 14,318.0 10,961.0
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding)    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series C Preferred stock ($0.01 par value, 18,500 shares authorized, no shares issued and outstanding)    
Stockholders’ equity    
Preferred stock $ 0.0 $ 0.0