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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,853.8 $ 437.4
Receivables, net of allowance for doubtful accounts of $8.8 and $7.7 96.4 88.7
Prepaid expenses 103.5 76.7
Other current assets 31.3 40.0
Total current assets 2,085.0 642.8
Property and equipment, net 4,529.3 5,120.2
Investment in and advances to unconsolidated affiliates 266.8 128.3
Goodwill 1,157.1 1,270.7
Other intangible assets, net 1,513.5 2,026.5
Lease right-of-use assets 4,817.7 4,837.3
Other assets 297.9 168.7
Total assets 14,667.3 14,194.5
Current liabilities    
Accounts payable 33.2 40.3
Current maturities of long-term debt 81.4 62.9
Current portion of financing obligations 36.0 40.5
Current portion of lease liabilities 134.3 130.6
Accrued expenses and other current liabilities 575.1 631.3
Total current liabilities 860.0 905.6
Long-term debt, net of current maturities, debt discount and debt issuance costs 2,231.2 2,322.2
Long-term portion of financing obligations 4,096.4 4,102.2
Long-term portion of lease liabilities 4,578.2 4,670.0
Deferred income taxes 126.3 244.6
Other long-term liabilities 119.4 98.0
Total liabilities 12,011.5 12,342.6
Commitments and Contingencies
Stockholders’ equity    
Common stock ($0.01 par value, 200,000,000 shares authorized, 157,868,227 and 118,125,652 shares issued, and 155,700,834 and 115,958,259 shares outstanding) 1.6 1.2
Treasury stock, at cost, (2,167,393 shares held in both periods) (28.4) (28.4)
Additional paid-in capital 3,167.2 1,718.3
Retained earnings (accumulated deficit) (507.3) 161.6
Total Penn National stockholders’ equity 2,656.2 1,852.7
Non-controlling interest (0.4) (0.8)
Total stockholders’ equity 2,655.8 1,851.9
Total liabilities and stockholders’ equity 14,667.3 14,194.5
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
Series D Preferred Stock    
Stockholders’ equity    
Preferred stock $ 23.1 $ 0.0