XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,805.5 $ 1,863.9
Accounts receivable, net 122.9 195.0
Prepaid expenses 134.3 132.3
Other current assets 50.3 32.4
Total current assets 2,113.0 2,223.6
Property and equipment, net 4,579.6 4,582.2
Investment in and advances to unconsolidated affiliates 256.2 255.1
Goodwill 2,847.1 2,822.5
Other intangible assets, net 1,864.1 1,872.6
Lease right-of-use assets 6,191.9 4,853.0
Other assets 219.2 263.1
Total assets 18,071.1 16,872.1
Current liabilities    
Accounts payable 45.5 53.3
Current maturities of long-term debt 99.5 99.5
Current portion of financing obligations 63.8 39.0
Current portion of lease liabilities 178.3 142.9
Accrued expenses and other current liabilities 735.8 798.5
Total current liabilities 1,122.9 1,133.2
Long-term debt, net of current maturities, debt discount and debt issuance costs 2,694.3 2,637.3
Long-term portion of financing obligations 4,017.4 4,057.8
Long-term portion of lease liabilities 5,940.5 4,628.6
Deferred income taxes 213.0 189.1
Other long-term liabilities 130.3 129.0
Total liabilities 14,118.4 12,775.0
Commitments and contingencies
Stockholders’ equity    
Treasury stock, at cost, (5,969,801 and 2,167,393 shares) (203.5) (28.4)
Additional paid-in capital 4,170.4 4,239.6
Retained earnings (accumulated deficit) (15.9) (86.5)
Accumulated other comprehensive loss (18.6) (54.4)
Total Penn National Gaming stockholders’ equity 3,953.5 4,097.8
Non-controlling interest (0.8) (0.7)
Total stockholders’ equity 3,952.7 4,097.1
Total liabilities and stockholders’ equity 18,071.1 16,872.1
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series C Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series D Preferred Stock    
Stockholders’ equity    
Preferred stock 19.4 25.8
Common Stock, Non-Exchangeable    
Stockholders’ equity    
Common stock 1.7 1.7
Common Stock, Exchangeable    
Stockholders’ equity    
Common stock $ 0.0 $ 0.0