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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Revenues $ 5,301.4 $ 3,587.9 $ 3,331.5
Less: Promotional allowance 0.0 0.0 (183.5)
Total revenues 5,301.4 3,587.9 3,148.0
Operating expenses      
General and administrative 1,187.7 618.9 514.5
Depreciation and amortization 414.2 269.0 267.1
Impairment losses 173.1 34.9 18.0
Provision for (recoveries on) loan loss and unfunded loan commitments 0.0 (17.0) 89.8
Total operating expenses 4,729.5 2,953.8 2,702.3
Operating income 571.9 634.1 445.7
Other income (expenses)      
Interest expense, net (534.2) (538.4) (463.2)
Income from unconsolidated affiliates 28.4 22.3 18.7
Loss on early extinguishment of debt 0.0 (21.0) (24.0)
Other 20.0 (7.1) (2.3)
Total other expenses (485.8) (544.2) (470.8)
Income (loss) before income taxes 86.1 89.9 (25.1)
Income tax benefit (expense) (43.0) 3.6 498.5
Net income 43.1 93.5 473.4
Less: Net loss attributable to non-controlling interest 0.8 0.0 0.0
Net income attributable to Penn National $ 43.9 $ 93.5 $ 473.4
Earnings per common share      
Basic earnings per common share (in dollars per share) $ 0.38 $ 0.96 $ 5.21
Diluted earnings per common share (in dollars per share) $ 0.37 $ 0.93 $ 5.07
Weighted-average basic shares outstanding (in shares) 115.7 97.1 90.9
Weighted-average diluted shares outstanding (in shares) 117.8 100.3 93.4
Gaming      
Revenues      
Revenues $ 4,268.7 $ 2,894.9 $ 2,692.0
Operating expenses      
Cost of revenue 2,281.8 1,551.4 1,365.0
Food, beverage, hotel and other      
Revenues      
Revenues 1,032.7 629.7 601.7
Operating expenses      
Cost of revenue 672.7 439.3 421.8
Management service and license fees      
Revenues      
Revenues 0.0 6.0 11.7
Reimbursable management costs      
Revenues      
Revenues 0.0 57.3 26.1
Operating expenses      
Cost of revenue $ 0.0 $ 57.3 $ 26.1