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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock, Non-Exchangeable
Common Stock, Exchangeable
Total PENN Stockholders’ Equity
Preferred Stock
Common Stock
Common Stock, Non-Exchangeable
Common Stock
Common Stock, Exchangeable
Treasury Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2022         581              
Beginning balance at Dec. 31, 2022 $ 3,596.6     $ 3,597.7 $ 19.4 $ 1.7 $ 0.0 $ (629.5) $ 4,220.2 $ 154.5 $ (168.6) $ (1.1)
Beginning balance (in shares) at Dec. 31, 2022           152,903,708 620,019          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           171,830            
Share-based compensation arrangements 36.2     36.2         36.2      
Share issuance in connection with acquisitions (in shares)           2,442,809            
Share issuance in connection with acquisitions $ 80.8     80.8         80.8      
Share repurchases (in shares) (5,438,221)         (5,438,221)            
Share repurchases $ (149.8)     (149.8)       (149.8)        
Preferred stock conversions (in shares)         (227) 226,800            
Preferred stock conversions 0.0       $ (7.6)       7.6      
Common stock issuance & Exchangeable share issuance (in shares)           4,055 2,854          
Common stock issuance & Exchangeable share issuance 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           62,485 (62,485)          
Currency translation adjustment 44.6     44.6             44.6  
Net income (loss) 592.5     592.9           592.9   (0.4)
Other 7.8     7.8   $ 0.1   (0.4) 8.1      
Ending balance (in shares) at Jun. 30, 2023         354              
Ending balance (in shares) at Jun. 30, 2023           150,373,466 560,388          
Ending balance at Jun. 30, 2023 4,208.8     4,210.3 $ 11.8 $ 1.8 $ 0.0 (779.7) 4,353.0 747.4 (124.0) (1.5)
Beginning balance (in shares) at Mar. 31, 2023         354              
Beginning balance at Mar. 31, 2023 4,175.1     4,176.3 $ 11.8 $ 1.8 $ 0.0 (679.5) 4,333.6 669.0 (160.4) (1.2)
Beginning balance (in shares) at Mar. 31, 2023           154,136,908 560,758          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           23,391            
Share-based compensation arrangements $ 19.7     19.7         19.7      
Share repurchases (in shares) (3,791,258)         (3,791,258)            
Share repurchases $ (99.8)     (99.8)       (99.8)        
Common stock issuance & Exchangeable share issuance (in shares)           4,055            
Common stock issuance & Exchangeable share issuance 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           370 (370)          
Currency translation adjustment 36.4     36.4             36.4  
Net income (loss) 78.1     78.4           78.4   (0.3)
Other (0.8)     (0.8)       (0.4) (0.4)      
Ending balance (in shares) at Jun. 30, 2023         354              
Ending balance (in shares) at Jun. 30, 2023           150,373,466 560,388          
Ending balance at Jun. 30, 2023 4,208.8     4,210.3 $ 11.8 $ 1.8 $ 0.0 (779.7) 4,353.0 747.4 (124.0) (1.5)
Beginning balance (in shares) at Dec. 31, 2023         0              
Beginning balance at Dec. 31, 2023 3,199.6     3,202.1 $ 0.0 $ 1.8 $ 0.0 (779.5) 4,436.6 (335.5) (121.3) (2.5)
Beginning balance (in shares) at Dec. 31, 2023   151,552,694 560,267     151,552,694 560,267          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           401,398            
Share-based compensation arrangements 26.1     26.1         26.1      
Share issuance in connection with acquisitions (in shares)           4,055            
Share issuance in connection with acquisitions $ 0.1     0.1         0.1      
Share repurchases (in shares) 0                      
Common stock issuance & Exchangeable share issuance (in shares)             68,048          
Exchangeable share conversions (in shares)           158,437 (158,437)          
Investment Agreement warrants (Note 11) $ 28.7     28.7         28.7      
Currency translation adjustment (55.5)     (55.5)             (55.5)  
Net income (loss) (142.0)     (141.5)           (141.5)   (0.5)
Other (4.1)     (4.1)         (4.1)      
Ending balance (in shares) at Jun. 30, 2024         0              
Ending balance (in shares) at Jun. 30, 2024   152,116,584 469,878     152,116,584 469,878          
Ending balance at Jun. 30, 2024 3,052.9     3,055.9 $ 0.0 $ 1.8 $ 0.0 (779.5) 4,487.4 (477.0) (176.8) (3.0)
Beginning balance (in shares) at Mar. 31, 2024         0              
Beginning balance at Mar. 31, 2024 3,072.0     3,074.7 $ 0.0 $ 1.8 $ 0.0 (779.5) 4,459.9 (450.2) (157.3) (2.7)
Beginning balance (in shares) at Mar. 31, 2024           151,870,805 557,174          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           154,428            
Share-based compensation arrangements $ 14.2     14.2         14.2      
Share repurchases (in shares) 0                      
Common stock issuance & Exchangeable share issuance (in shares)           4,055            
Common stock issuance & Exchangeable share issuance $ 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           87,296 (87,296)          
Investment Agreement warrants (Note 11) 14.4     14.4         14.4      
Currency translation adjustment (19.5)     (19.5)             (19.5)  
Net income (loss) (27.1)     (26.8)           (26.8)   (0.3)
Other (1.2)     (1.2)         (1.2)      
Ending balance (in shares) at Jun. 30, 2024         0              
Ending balance (in shares) at Jun. 30, 2024   152,116,584 469,878     152,116,584 469,878          
Ending balance at Jun. 30, 2024 $ 3,052.9     $ 3,055.9 $ 0.0 $ 1.8 $ 0.0 $ (779.5) $ 4,487.4 $ (477.0) $ (176.8) $ (3.0)