XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 1,626.9 $ 1,545.8 $ 3,191.1 $ 2,820.7
Operating expenses        
General and administrative 273.8 316.5 569.3 642.7
Depreciation and amortization 150.3 81.9 268.5 163.2
Total operating expenses 1,324.5 1,167.9 2,596.7 2,226.3
Operating income 302.4 377.9 594.4 594.4
Other income (expenses)        
Interest expense, net (193.6) (138.0) (354.4) (273.7)
Income from unconsolidated affiliates 1.8 9.1 10.5 18.7
Other (28.2) 2.8 (68.9) 23.9
Total other expenses (220.0) (126.1) (412.8) (231.1)
Income before income taxes 82.4 251.8 181.6 363.3
Income tax expense (56.3) (53.1) (103.9) (73.7)
Net income 26.1 198.7 77.7 289.6
Less: Net loss attributable to non-controlling interest 0.0 0.0 0.1 0.1
Net income attributable to PENN Entertainment $ 26.1 $ 198.7 $ 77.8 $ 289.7
Earnings Per Share        
Basic earnings per share (in dollars per share) $ 0.16 $ 1.27 $ 0.47 $ 1.85
Diluted earnings per share (in dollars per share) $ 0.15 $ 1.17 $ 0.45 $ 1.72
Weighted average common shares outstanding - Basic (in shares) 164.8 156.0 166.5 155.8
Weighted average common shares outstanding - diluted (in shares) 180.2 172.7 182.3 172.8
Gaming        
Revenues        
Total revenues $ 1,325.6 $ 1,305.5 $ 2,616.8 $ 2,387.5
Operating expenses        
Cost of revenue 713.6 620.9 1,400.2 1,148.7
Food, beverage, hotel and other        
Revenues        
Total revenues 301.3 240.3 574.3 433.2
Operating expenses        
Cost of revenue $ 186.8 $ 148.6 $ 358.7 $ 271.7