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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)           598,383            
Share-based compensation arrangements 71.4     71.4         71.4      
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)         581 580,600            
Preferred stock conversions 0.0       $ (19.4)       19.4      
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 (0.1)     (0.1)             (0.1)  
Net loss (132.6)     (131.9)           (131.9)   (0.7)
Other 14.4     14.4   $ 0.1   (0.3) 14.6      
Ending balance (in shares) at Sep. 30, 2023         0              
Ending balance (in shares) at Sep. 30, 2023           151,153,819 560,388          
Ending balance at Sep. 30, 2023 3,480.8     3,482.6 $ 0.0 $ 1.8 $ 0.0 (779.6) 4,406.5 22.6 (168.7) (1.8)
Beginning balance (in shares) at Jun. 30, 2023         354              
Beginning 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 Jun. 30, 2023           150,373,466 560,388          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           426,553            
Share-based compensation arrangements $ 35.2     35.2         35.2      
Share repurchases (in shares) 0                      
Preferred stock conversions (in shares)         354 353,800            
Preferred stock conversions $ 0.0       $ (11.8)       11.8      
Currency translation adjustment (44.7)     (44.7)             (44.7)  
Net loss (725.1)     (724.8)           (724.8)   (0.3)
Other 6.6     6.6       0.1 6.5      
Ending balance (in shares) at Sep. 30, 2023         0              
Ending balance (in shares) at Sep. 30, 2023           151,153,819 560,388          
Ending balance at Sep. 30, 2023 3,480.8     3,482.6 $ 0.0 $ 1.8 $ 0.0 (779.6) 4,406.5 22.6 (168.7) (1.8)
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)           440,467            
Share-based compensation arrangements $ 39.0     39.0         39.0      
Share repurchases (in shares) 0                      
Common stock issuance & Exchangeable share issuance (in shares)           4,055 68,048          
Common stock issuance & Exchangeable share issuance $ 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           159,372 159,372          
Investment Agreement warrants (Note 11) 43.1     43.1         43.1      
Currency translation adjustment (36.9)     (36.9)             (36.9)  
Net loss (179.5)     (178.2)           (178.2)   (1.3)
Other (4.5)     (4.5)         (4.5)      
Ending balance (in shares) at Sep. 30, 2024         0              
Ending balance (in shares) at Sep. 30, 2024   152,156,588 468,943     152,156,588 468,943          
Ending balance at Sep. 30, 2024 3,060.9     3,064.7 $ 0.0 $ 1.8 $ 0.0 (779.5) 4,514.3 (513.7) (158.2) (3.8)
Beginning balance (in shares) at Jun. 30, 2024         0              
Beginning 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 Jun. 30, 2024           152,116,584 469,878          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           39,069            
Share-based compensation arrangements $ 12.9     12.9         12.9      
Share repurchases (in shares) 0                      
Exchangeable share conversions (in shares)           935 935          
Investment Agreement warrants (Note 11) $ 14.4     14.4         14.4      
Currency translation adjustment 18.6     18.6             18.6  
Net loss (37.5)     (36.7)           (36.7)   (0.8)
Other (0.4)     (0.4)         (0.4)      
Ending balance (in shares) at Sep. 30, 2024         0              
Ending balance (in shares) at Sep. 30, 2024   152,156,588 468,943     152,156,588 468,943          
Ending balance at Sep. 30, 2024 $ 3,060.9     $ 3,064.7 $ 0.0 $ 1.8 $ 0.0 $ (779.5) $ 4,514.3 $ (513.7) $ (158.2) $ (3.8)