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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 1,663.0 $ 1,674.8 $ 3,269.9 $ 3,348.1
Operating expenses        
General and administrative 388.7 380.3 777.6 773.2
Depreciation and amortization 109.1 110.6 217.8 218.1
Total operating expenses 1,588.5 1,469.3 3,216.8 2,943.5
Operating income 74.5 205.5 53.1 404.6
Other income (expenses)        
Interest expense, net (119.4) (115.6) (238.5) (228.6)
Interest income 5.8 9.9 12.9 20.3
Income from unconsolidated affiliates 7.8 7.2 15.0 9.8
Gain on Barstool Acquisition, net 0.0 0.0 0.0 83.4
Gain on REIT transactions, net 0.0 0.0 0.0 500.8
Other 1.0 5.8 (0.3) 4.8
Total other income (expenses) (104.8) (92.7) (210.9) 390.5
Income (loss) before income taxes (30.3) 112.8 (157.8) 795.1
Income tax benefit (expense) 3.2 (34.7) 15.8 (202.6)
Net income (loss) (27.1) 78.1 (142.0) 592.5
Less: Net loss attributable to non-controlling interest 0.3 0.3 0.5 0.4
Net income (loss) attributable to PENN Entertainment, Inc. $ (26.8) $ 78.4 $ (141.5) $ 592.9
Earnings per share:        
Basic earnings (loss) per share (in dollars per share) $ (0.18) $ 0.51 $ (0.93) $ 3.86
Diluted earnings (loss) per share (in dollars per share) $ (0.18) $ 0.48 $ (0.93) $ 3.54
Weighted-average common shares outstanding - basic (in shares) 152.1 152.8 152.0 153.0
Weighted-average common shares outstanding - Diluted (in shares) 152.1 167.9 152.0 168.2
Gaming        
Revenues        
Total revenues $ 1,332.3 $ 1,292.8 $ 2,590.6 $ 2,617.4
Operating expenses        
Cost of revenue 871.1 710.6 1,750.6 1,440.1
Food, beverage, hotel, and other        
Revenues        
Total revenues 330.7 382.0 679.3 730.7
Operating expenses        
Cost of revenue $ 219.6 $ 267.8 $ 470.8 $ 512.1