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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
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
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          
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      
Common stock issuance/Exchangeable share issuance (in shares)           4,055 68,048          
Common stock issuance 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           158,437 158,437          
Investment Agreement warrants 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          
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      
Common stock issuance/Exchangeable share issuance (in shares)           4,055            
Common stock issuance 0.1     0.1         0.1      
Exchangeable share conversions (in shares)           87,296 87,296          
Investment Agreement warrants 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          
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 Dec. 31, 2024         0              
Beginning balance at Dec. 31, 2024 2,858.4     2,862.7 $ 0.0 $ 1.8 $ 0.0 (779.5) 4,542.4 (647.0) (255.0) (4.3)
Beginning balance (in shares) at Dec. 31, 2024   152,229,171 466,534     152,229,171 466,534          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           386,650            
Share-based compensation arrangements 31.7     31.7         31.7      
Share repurchases (in shares)           (7,249,349)            
Share repurchases (115.3)     (115.3)       (115.3)        
Exchangeable share conversions (in shares)           86,056 (86,056)          
Investment Agreement warrants 28.5     28.5         28.5      
Currency translation adjustment 92.0     92.0             92.0  
Net income (loss) 93.2     94.4           94.4   (1.2)
Other (5.9)     (5.9)       (1.0) (4.9)      
Ending balance (in shares) at Jun. 30, 2025         0              
Ending balance (in shares) at Jun. 30, 2025   145,452,528 380,478     145,452,528 380,478          
Ending balance at Jun. 30, 2025 2,982.6     2,988.1 $ 0.0 $ 1.8 $ 0.0 (895.8) 4,597.7 (552.6) (163.0) (5.5)
Beginning balance (in shares) at Mar. 31, 2025         0              
Beginning balance at Mar. 31, 2025 2,969.4     2,974.0 $ 0.0 $ 1.8 $ 0.0 (804.6) 4,567.3 (535.2) (255.3) (4.6)
Beginning balance (in shares) at Mar. 31, 2025           151,235,711 380,478          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Share-based compensation arrangements (in shares)           52,284            
Share-based compensation arrangements 16.1     16.1         16.1      
Share repurchases (in shares)           (5,835,467)            
Share repurchases (90.3)     (90.3)       (90.3)        
Investment Agreement warrants 14.3     14.3         14.3      
Currency translation adjustment 92.3     92.3             92.3  
Net income (loss) (18.3)     (17.4)           (17.4)   (0.9)
Other (0.9)     (0.9)       (0.9)        
Ending balance (in shares) at Jun. 30, 2025         0              
Ending balance (in shares) at Jun. 30, 2025   145,452,528 380,478     145,452,528 380,478          
Ending balance at Jun. 30, 2025 $ 2,982.6     $ 2,988.1 $ 0.0 $ 1.8 $ 0.0 $ (895.8) $ 4,597.7 $ (552.6) $ (163.0) $ (5.5)