XML 66 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Gaming $ 2,590,533 $ 2,468,630 $ 2,242,515
Food, beverage and other 438,837 400,258 334,808
Management service fee 14,835 15,185 15,190
Revenues 3,044,205 2,884,073 2,592,513
Less promotional allowances (144,740) (141,816) (133,402)
Net revenues 2,899,465 2,742,257 2,459,111
Operating expenses      
Gaming 1,342,905 1,298,938 1,198,097
Food, beverage and other 343,611 321,801 266,800
General and administrative 532,241 423,718 411,415
Depreciation and amortization 245,348 211,476 212,387
Impairment losses     224,709
Insurance recoveries, net of deductible charges (7,229) (13,257) (7,523)
Total operating expenses 2,456,876 2,242,676 2,305,885
Income from operations 442,589 499,581 153,226
Other income (expenses)      
Interest expense (81,440) (99,564) (130,215)
Interest income 948 423 1,579
Gain (loss) from unconsolidated affiliates 3,804 7,364 (25,974)
Loss on early extinguishment of debt   (17,838) (519)
Other (1,375) (734) 6,421
Total other expenses (78,063) (110,349) (148,708)
Income from operations before income taxes 364,526 389,232 4,518
Taxes on income 152,555 146,881 66,178
Net income (loss) including noncontrolling interests 211,971 242,351 (61,660)
Less: Net loss attributable to noncontrolling interests     (2,193)
Net income (loss) attributable to the shareholders of Penn National Gaming, Inc. and subsidiaries $ 211,971 $ 242,351 $ (59,467)
Earnings (loss) per common share attributable to the shareholders of Penn National Gaming, Inc. and subsidiaries:      
Basic earnings (loss) per common share (in dollars per share) $ 2.24 $ 2.52 $ (0.76)
Diluted earnings (loss) per common share (in dollars per share) $ 2.04 $ 2.26 $ (0.76)