XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Gaming $ 591,336us-gaap_CasinoRevenue $ 570,683us-gaap_CasinoRevenue
Food, beverage and other 108,763us-gaap_FoodAndBeverageRevenue 104,870us-gaap_FoodAndBeverageRevenue
Management service fee 1,927us-gaap_ManagementFeesRevenue 2,458us-gaap_ManagementFeesRevenue
Revenues 702,026penn_RevenueBeforePromotionalAllowances 678,011penn_RevenueBeforePromotionalAllowances
Less promotional allowances (37,888)us-gaap_PromotionalAllowances (36,931)us-gaap_PromotionalAllowances
Net revenues 664,138us-gaap_Revenues 641,080us-gaap_Revenues
Operating expenses    
Gaming 294,895us-gaap_CasinoExpenses 286,077us-gaap_CasinoExpenses
Food, beverage and other 77,929us-gaap_FoodAndBeverageCostOfSales 77,538us-gaap_FoodAndBeverageCostOfSales
General and administrative 116,069us-gaap_GeneralAndAdministrativeExpense 107,739us-gaap_GeneralAndAdministrativeExpense
Rental expense related to Master Lease 108,845us-gaap_LeaseAndRentalExpense 104,309us-gaap_LeaseAndRentalExpense
Depreciation and amortization 42,922us-gaap_DepreciationAndAmortization 47,366us-gaap_DepreciationAndAmortization
Total operating expenses 640,660us-gaap_OperatingExpenses 623,029us-gaap_OperatingExpenses
Income from operations 23,478us-gaap_OperatingIncomeLoss 18,051us-gaap_OperatingIncomeLoss
Other income (expenses)    
Interest expense (12,163)us-gaap_InterestExpense (11,295)us-gaap_InterestExpense
Interest income 1,870us-gaap_InvestmentIncomeInterest 467us-gaap_InvestmentIncomeInterest
Income from unconsolidated affiliates 3,982us-gaap_IncomeLossFromEquityMethodInvestments 2,483us-gaap_IncomeLossFromEquityMethodInvestments
Other 3,089us-gaap_OtherNonoperatingIncomeExpense 1,631us-gaap_OtherNonoperatingIncomeExpense
Total other expenses (3,222)us-gaap_NonoperatingIncomeExpense (6,714)us-gaap_NonoperatingIncomeExpense
Income from operations before income taxes 20,256us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 11,337us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision 9,260us-gaap_IncomeTaxExpenseBenefit 6,800us-gaap_IncomeTaxExpenseBenefit
Net income $ 10,996us-gaap_NetIncomeLoss $ 4,537us-gaap_NetIncomeLoss
Earnings per common share:    
Basic earnings per common share (in dollars per share) $ 0.12us-gaap_EarningsPerShareBasic $ 0.05us-gaap_EarningsPerShareBasic
Diluted earnings per common share (in dollars per share) $ 0.12us-gaap_EarningsPerShareDiluted $ 0.05us-gaap_EarningsPerShareDiluted