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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 6,362.9 $ 6,401.7 $ 5,905.0
Operating expenses      
General and administrative 1,563.4 1,110.4 1,352.9
Depreciation and amortization 435.1 567.5 344.5
Impairment losses 130.6 118.2 0.0
Loss on disposal of Barstool 923.2 0.0 0.0
Total operating expenses 7,053.1 5,427.7 4,845.4
Operating income (loss) (690.2) 974.0 1,059.6
Other income (expenses)      
Interest expense, net (464.7) (758.2) (562.8)
Interest income 40.3 18.3 1.1
Income from unconsolidated affiliates 25.3 23.7 38.7
Gain on Barstool Acquisition, net 83.4 0.0 0.0
Gain on REIT transactions, net 500.8 0.0 0.0
Loss on early extinguishment of debt 0.0 (10.4) 0.0
Other 5.5 (72.1) 2.5
Total other income (expenses) 190.6 (798.7) (520.5)
Income (loss) before income taxes (499.6) 175.3 539.1
Income tax benefit (expense) 8.2 46.4 (118.6)
Net income (loss) (491.4) 221.7 420.5
Less: Net loss attributable to non-controlling interest 1.4 0.4 0.3
Net income (loss) attributable to PENN Entertainment, Inc. $ (490.0) $ 222.1 $ 420.8
Earnings (loss) per share      
Basic earnings (loss) per share (in dollars per share) $ (3.22) $ 1.37 $ 2.64
Diluted earnings (loss) per share (in dollars per share) $ (3.22) $ 1.29 $ 2.48
Weighted-average common shares outstanding - basic (in shares) 152.1 161.2 158.7
Weighted-average common shares outstanding - diluted (in shares) 152.1 176.6 175.5
Gaming      
Revenues      
Total revenues $ 4,905.8 $ 5,201.7 $ 4,945.3
Operating expenses      
Cost of revenue 2,989.4 2,864.4 2,540.7
Food, beverage, hotel, and other      
Revenues      
Total revenues 1,457.1 1,200.0 959.7
Operating expenses      
Cost of revenue $ 1,011.4 $ 767.2 $ 607.3