Spin-Off of Real Estate Assets through a Real Estate Investment Trust (Tables)

12 Months Ended

Dec. 31, 2014

Spin-Off of Real Estate Assets through a Real Estate Investment Trust

Schedule of assets and liabilities contributed to GLPI

This amount excludes $2.0 billion of property and equipment, net that was not derecognized due to the failed spin-off-leaseback (in thousands, as restated):

	Restated
Cash and cash equivalents	$	240,202
Current deferred income tax assets		6,157
Other current assets		3,116
Property and equipment, net		115,731
Goodwill		75,521
Other intangible assets		9,577
Debt issuance costs		39,862
Other assets		36,378
Accounts payable and accrued expenses		(16,055	)
Income taxes		(5,296	)
Other current liabilities		(12,312	)
Long-term debt		(2,350,000	)
Long-term deferred income tax liabilities		(4,248	)
Sub total	$	(1,861,367	)
Adjustment for GLPI financing obligation		3,516,210
Net impact of Spin-Off	$	1,654,843