Penn National Gaming Financials

842.4 M

Revenue Q2, 2017

2.5 B

Mkt cap, 13-Nov-2017
Net income (Q2, 2017)17.1 M
EBIT (Q2, 2017)135 M
Cash, 30-Jun-2017224.4 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.9 b2.6 b2.8 b3 b

Revenue growth, %

(11%)10%7%

General and administrative expense

463 m

Operating expense total

463 m

EBIT

(772 m)(240.4 m)467.8 m543 m

EBIT margin, %

(26%)(9%)16%18%

Interest expense

97.1 m46 m443.1 m459.2 m

Interest income

1.4 m3.7 m11.5 m24.2 m

Pre tax profit

56.6 m

Income tax expense

(121.5 m)(38.6 m)55.9 m11.3 m

Net Income

(794.3 m)(233.2 m)686 k109.3 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

758.1 m678 m689.8 m683.7 m702 m739.2 m778.9 m797 m813.5 m811.2 m818.1 m842.4 m

General and administrative expense

131.1 m107.7 m107.9 m116.5 m116.1 m118.6 m107.6 m116.5 m110 m114.4 m125.8 m130.1 m

Operating expense total

621.2 m623 m628.8 m623.1 m640.7 m666.3 m597.1 m615.9 m620.1 m626.3 m635.9 m661.5 m

EBIT

93.3 m18.1 m23.4 m22.8 m23.5 m34.7 m142.2 m140.5 m149.3 m139.3 m140.3 m135 m

EBIT margin, %

12%3%3%3%3%5%18%18%18%17%17%16%

Interest expense

25.1 m11.3 m10.9 m11.2 m12.2 m12.3 m111.4 m116.5 m114.7 m114.3 m115 m116.8 m

Interest income

369 k467 k790 k1 m1.9 m2.4 m3.1 m5.2 m6.6 m8.2 m2.6 m235 k

Income tax expense

6.8 m8.8 m8 m9.3 m11.2 m35.4 m7.7 m10.8 m(9.5 m)2.2 m6.2 m

Net Income

41.3 m4.5 m4.2 m11 m16.9 m4.9 m23.7 m34 m46.5 m5.1 m17.1 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

293 m208.7 m237 m229.5 m

Accounts Receivable

631 m

Current Assets

508.9 m386 m372.5 m399.3 m

PP&E

497.5 m769.1 m3 b2.8 b

Goodwill

492.4 m277.6 m911.9 m989.7 m

Total Assets

2.2 b2.2 b5.1 b5 b

Accounts Payable

22.6 m43.1 m72.8 m35.1 m

Current Liabilities

361.5 m435.5 m557.8 m536.3 m

Non-Current Liabilities

1.1 b1.2 b5.3 b5 b

Total Liabilities

1.4 b1.7 b5.8 b5.5 b

Common Stock

775 k786 k830 k932 k

Additional Paid-in Capital

887.6 m918.4 m988.7 m1 b

Retained Earnings

(363.4 m)(1.6 b)(1.5 b)

Total Equity

758.4 m554.5 m(678 m)

Financial Leverage

2.9 x4 x-7.6 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

267.9 m287.7 m251.3 m230.7 m237.7 m233.1 m223.5 m214.2 m221.4 m201.8 m259.5 m224.4 m

Current Assets

401.2 m507.6 m497.1 m404.1 m417.2 m406.6 m373.7 m340.4 m342.7 m353 m417.1 m373.6 m

PP&E

2.6 b550.4 m557 m745.4 m802.5 m835.5 m3 b2.9 b2.9 b2.8 b2.8 b2.8 b

Goodwill

1.3 b493.9 m492.5 m491 m276.2 m274.8 m911.9 m911.9 m911.9 m993.6 m989.9 m1 b

Total Assets

5.4 b2.3 b2.3 b2.5 b2.3 b2.3 b5.1 b5.1 b5.1 b5.3 b4.9 b5 b

Accounts Payable

28.3 m24.9 m60.8 m41.7 m66.6 m73.4 m68.2 m68.1 m68.9 m60.8 m29.3 m29 m

Current Liabilities

478.2 m394.8 m395.7 m440.3 m454.9 m491.5 m534.9 m530.3 m540.6 m552.9 m467.1 m500.6 m

Non-Current Liabilities

2.5 b1.1 b1.1 b1.2 b1.3 b1.2 b5.3 b5.2 b5.2 b5.3 b5 b5 b

Common Stock

785 k780 k781 k781 k791 k795 k826 k834 k849 k855 k931 k934 k

Additional Paid-in Capital

1.5 b903.5 m908.3 m911.6 m929.6 m936.4 m980.9 m992.6 m1 b1 b1 b1 b

Retained Earnings

889.6 m(125.8 m)(121.6 m)(113.6 m)(352.4 m)(335.5 m)(1.6 b)(1.6 b)(1.6 b)(1.5 b)(1.5 b)(1.5 b)

Total Equity

2.4 b778.1 m787.8 m798.2 m575 m599.2 m(676.2 m)(649.1 m)

Financial Leverage

2.3 x2.9 x2.9 x3.1 x4 x3.9 x-7.6 x-7.9 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(794.3 m)(233.2 m)686 k109.3 m

Depreciation and Amortization

298.3 m179 m259.5 m271.2 m

Accounts Receivable

5 m10 m710 k(5.9 m)

Inventories

912 k(13 m)10.3 m(485 k)

Accounts Payable

(2.2 m)2 m2.1 m(7.5 m)

Cash From Operating Activities

440.8 m220 m399 m404.8 m

Cash From Investing Activities

(415 m)(375.5 m)(781 m)(79.3 m)

Long-term Borrowings

(4.1 b)(49.5 m)(115.2 m)(407.7 m)

Cash From Financing Activities

6.7 m71.2 m410.4 m(333 m)

Income Taxes Paid

69.8 m23.2 m5.1 m19.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

41.3 m4.5 m4.2 m8.5 m11 m16.9 m4.9 m23.7 m34 m46.5 m5.1 m

Depreciation and Amortization

80 m47.4 m47.2 m40.3 m42.9 m41.8 m66.1 m66 m66.2 m67.9 m70.2 m

Accounts Payable

60.8 m41.7 m66.6 m73.4 m68.2 m68.1 m68.9 m60.8 m29.3 m

Ratios

USDY, 2017

Revenue/Employee

44.8 k