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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 1,639.2 $ 1,619.4 $ 4,909.1 $ 4,967.5
Operating expenses        
General and administrative 392.5 406.4 1,170.1 1,179.6
Depreciation and amortization 108.7 105.8 326.5 323.9
Loss on disposal of Barstool 0.0 923.2 0.0 923.2
Total operating expenses 1,571.7 2,405.8 4,788.5 5,349.3
Operating income (loss) 67.5 (786.4) 120.6 (381.8)
Other income (expenses)        
Interest expense, net (118.4) (117.5) (356.9) (346.1)
Interest income 6.3 10.2 19.2 30.5
Income from unconsolidated affiliates 7.1 7.2 22.1 17.0
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 2.8 (0.3) 2.5 4.5
Total other income (expenses) (102.2) (100.4) (313.1) 290.1
Loss before income taxes (34.7) (886.8) (192.5) (91.7)
Income tax benefit (expense) (2.8) 161.7 13.0 (40.9)
Net loss (37.5) (725.1) (179.5) (132.6)
Less: Net loss attributable to non-controlling interest 0.8 0.3 1.3 0.7
Net loss attributable to PENN Entertainment, Inc. $ (36.7) $ (724.8) $ (178.2) $ (131.9)
Loss per share:        
Basic loss per share (in dollars per share) $ (0.24) $ (4.80) $ (1.17) $ (0.87)
Diluted loss per share (in dollars per share) $ (0.24) $ (4.80) $ (1.17) $ (0.87)
Weighted-average common shares outstanding - basic (in shares) 152.2 150.9 152.1 152.3
Weighted-average common shares outstanding - diluted (in shares) 152.2 150.9 152.1 152.3
Gaming        
Revenues        
Total revenues $ 1,288.0 $ 1,252.1 $ 3,878.6 $ 3,869.5
Operating expenses        
Cost of revenue 826.1 709.0 2,576.7 2,149.1
Food, beverage, hotel, and other        
Revenues        
Total revenues 351.2 367.3 1,030.5 1,098.0
Operating expenses        
Cost of revenue $ 244.4 $ 261.4 $ 715.2 $ 773.5