Discontinued Operations (Restatement)

12 Months Ended

Dec. 31, 2014

Discontinued Operations (Restatement)

Discontinued Operations (Restatement)

23.   Discontinued Operations (Restatement)

        On November 1, 2013, as part of the Spin-Off with GLPI, Penn contributed all the assets and liabilities of Hollywood Casino Baton Rouge and Hollywood Casino Perryville, which are referred to as the "TRS Properties." The results of operations of the TRS Properties are presented as discontinued operations in the Consolidated Statement of Operations.

        The results of our discontinued operations are summarized as follows:

	2013		2012
Major classes of line items constituting pretax income from discontinued operations
Revenue		140,868		210,643
Depreciation expense		11,892		14,090
Operating expenses		105,463		152,885
Other expense items that are not major		4,202		6,318
Pretax income of discontinued operations		19,311		37,350
Income tax provision		7,766		14,431
Income from discontinued operations, net of tax		11,545		22,919

        Cash flows provided by (used in) operating activities, investing activities and financing activities from discontinued operations were $11.1 million, $(3.2) million, and $(3.4) million for the year-ended December 31, 2013 compared to $8.7 million, $(4.8) million and $(6.5) million, respectively for the year-ended December 31, 2012.