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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Total revenues $ 1,564.2 $ 1,274.9
Operating expenses    
General and administrative 295.5 326.2
Depreciation and amortization 118.2 81.3
Total operating expenses 1,272.2 1,058.4
Operating income 292.0 216.5
Other income (expenses)    
Interest expense, net (160.8) (135.7)
Income from unconsolidated affiliates 8.7 9.6
Other (40.7) 21.1
Total other expenses (192.8) (105.0)
Income before income taxes 99.2 111.5
Income tax expense (47.6) (20.6)
Net income 51.6 90.9
Less: Net loss attributable to non-controlling interest 0.1 0.1
Net income attributable to Penn National Gaming $ 51.7 $ 91.0
Earnings Per Share    
Basic earnings per share (in dollars per share) $ 0.31 $ 0.58
Diluted earnings per share (in dollars per share) $ 0.29 $ 0.55
Weighted average common shares outstanding - Basic (in shares) 168.2 155.7
Weighted average common shares outstanding - diluted (in shares) 184.2 172.8
Gaming    
Revenues    
Total revenues $ 1,291.2 $ 1,082.0
Operating expenses    
Cost of revenue 686.6 527.8
Food, beverage, hotel and other    
Revenues    
Total revenues 273.0 192.9
Operating expenses    
Cost of revenue $ 171.9 $ 123.1