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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 437.4 $ 479.6
Receivables, net of allowance for doubtful accounts of $7.7 and $3.2 88.7 106.8
Prepaid expenses 76.7 63.0
Other current assets 40.0 28.2
Total current assets 642.8 677.6
Property and equipment, net 5,120.2 6,868.8
Investment in and advances to unconsolidated affiliates 128.3 128.5
Goodwill 1,270.7 1,228.4
Other intangible assets, net 2,026.5 1,856.9
Deferred income taxes 0.0 80.6
Operating lease right-of-use assets 4,613.3 0.0
Finance lease right-of-use assets 224.0 0.0
Other assets 168.7 120.2
Total assets 14,194.5 10,961.0
Current liabilities    
Accounts payable 40.3 30.5
Current maturities of long-term debt 62.9 62.1
Current portion of financing obligations 40.5 67.8
Current portion of operating lease liabilities 124.1 0.0
Current portion of finance lease liabilities 6.5 0.0
Accrued expenses and other current liabilities 631.3 578.0
Total current liabilities 905.6 738.4
Long-term debt, net of current maturities and debt issuance costs 2,322.2 2,350.1
Long-term portion of financing obligations 4,102.2 7,080.6
Long-term portion of operating lease liabilities 4,450.6 0.0
Long-term portion of finance lease liabilities 219.4 0.0
Deferred income taxes 244.6 0.0
Other long-term liabilities 98.0 60.7
Total liabilities 12,342.6 10,229.8
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock ($0.01 par value, 200,000,000 shares authorized, 118,125,652 and 118,855,201 shares issued, and 115,958,259 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 1,718.3 1,726.4
Retained earnings (accumulated deficit) 161.6 (968.0)
Total Penn National stockholders’ equity 1,852.7 731.2
Non-controlling interest (0.8) 0.0
Total stockholders’ equity 1,851.9 731.2
Total liabilities and stockholders’ equity 14,194.5 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