Gaming and leisure properties, inc. (GLPI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Mar'13
Operating activities
Net income

96,894

114,291

90,547

93,033

93,010

45,931

104,815

91,998

96,772

93,259

97,014

96,334

93,991

93,692

89,600

73,264

32,749

29,773

33,229

31,989

33,131

30,202

37,313

36,996

34,296

3,214

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

59,583

59,710

60,322

77,271

61,668

57,439

29,994

30,251

30,681

30,896

31,359

31,012

30,568

30,598

29,476

28,560

27,083

27,198

27,557

27,617

27,411

27,446

26,526

26,349

26,522

3,588

Amortization of debt issuance costs, bond premiums and original issuance discounts

2,770

2,858

2,807

2,899

2,891

2,889

2,982

3,039

3,257

3,256

3,257

3,256

3,257

3,257

3,257

3,050

5,582

6,286

3,691

2,019

2,020

2,019

2,020

2,011

2,007

-

Losses on dispositions of property

-1

-42

-37

-6

-7

45

-129

-225

0

-15

-421

11

-105

-5

445

0

15

-96

-22

-66

-1

3

146

-1

-158

28

Deferred income taxes

38

-227

-62

-218

-248

-223

-182

-281

164

1,385

-666

-538

-742

-538

-173

-745

-79

1,366

-642

-1,151

-386

-160

-1,226

-1,021

-898

128

Stock-based compensation

4,235

3,845

3,845

4,183

4,325

3,274

3,275

616

3,987

3,685

3,695

3,773

4,483

4,508

4,641

4,591

4,572

4,153

4,153

4,111

4,394

3,635

3,536

3,136

1,951

-

Straight-line rent adjustments

8,644

8,644

8,643

8,643

8,644

12,738

15,917

16,616

16,617

16,616

16,617

16,493

16,245

16,244

14,517

13,956

13,956

13,956

13,957

13,956

13,956

13,956

10,889

10,016

10,016

-

Losses on debt extinguishment

-17,329

0

-21,014

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan impairment charges

0

-

0

0

13,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase), decrease
Prepaid expenses and other assets

-6,467

3,947

-189

-1,034

3,346

-101

-349

122

1,001

3,828

841

-407

1,070

2,370

-14,866

8,779

-3,848

8,686

4,416

-2,552

-838

4,586

-9,621

12,095

5,201

380

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

4

0

-

-72

1,036

273

-4

Increase, (decrease)
Accounts payable

-667

840

-5

-531

-1,809

660

1,390

-29

-225

280

3

-523

-181

449

302

-290

45

-962

681

680

-1,345

-170

-9,663

8,140

43

177

Accrued expenses

1,556

-1,050

-525

784

521

-610

327

-46

203

374

-800

619

218

-549

-485

-2,651

-987

607

-133

3,352

415

-860

-1,224

428

-6,788

189

Accrued interest

16,869

-23,761

31,116

-44,883

52,962

-46,832

56,485

-39,871

42,238

-42,640

42,709

-42,499

41,928

-39,624

43,392

-12,873

25,225

-24,910

25,019

-24,917

24,903

-24,887

24,925

-25,379

24,814

-

Accrued salaries and wages

-10,667

3,606

2,095

1,272

-10,162

2,175

-2,581

14,287

-7,680

3,925

2,059

1,440

-7,234

2,398

-4,519

7,644

-8,623

2,040

2,539

2,753

-6,194

1,920

220

2,306

-2,202

-510

Gaming, property and other taxes

-134

-167

145

-374

276

-407

377

-141

22

-286

342

-1,386

813

73

284

757

-201

-269

302

-583

-406

-75

-7,368

2,995

4,975

337

Income taxes

0

-

0

-648

648

-

0

-199

199

-

-

-2,938

2,938

-

-

0

0

-

-229

-1,343

1,572

2,059

-637

-7,109

-11,367

-10,541

Other liabilities

-4,133

1,932

-563

187

-964

-1,320

310

50

522

2,670

1,695

2,112

-630

782

390

0

703

2,213

-976

213

449

519

-72

756

1,674

63

Net cash provided by operating activities

198,785

166,616

219,605

142,658

221,423

136,215

212,596

119,866

185,756

109,607

196,864

107,551

184,689

108,925

195,103

106,484

103,858

52,863

104,756

61,310

100,759

52,252

94,786

46,494

79,727

-3,759

Investing activities
Capital project expenditures

-

-

-

-

-

-

-

-

-

0

10

60

8

7

54

4

265

2,450

2,949

5,110

5,640

14,705

69,022

31,502

24,002

78

Capital maintenance expenditures

646

761

709

1,017

530

1,330

970

1,162

822

991

460

1,245

482

1,418

496

835

362

845

382

775

951

1,429

641

597

871

896

Proceeds from sale of property and equipment

0

-10

20

8

182

65

2,919

227

0

-

-

-

-

3

897

1

233

193

20

92

5

21

153

6

0

79

Increase in cash escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,356

-

Funding of loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

43,000

-

Principal payments on loan receivable

-

-

-

-

-

-

-

-

-

0

0

0

13,200

538

537

538

1,537

3,037

538

537

538

1,000

1,000

5,000

2,000

-

Acquisition of real estate assets

-

-

-

-

-

-

-

-

-

0

386

74,636

8,230

869

326,633

2,940,490

0

-

-

-

-

0

0

0

140,730

-

Collections of principal payments on investment in direct financing lease

-

-

-

-

-

1,218

8,002

11,030

18,209

18,613

18,614

18,232

17,613

18,004

18,004

12,525

0

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

36

-

-

0

0

-

Net cash used in investing activities

-646

-771

-689

-1,009

-348

-1,531,645

-5,607

10,081

17,387

17,642

18,661

-57,698

22,093

16,251

-307,745

-2,928,265

1,143

-65

-2,736

-5,257

-6,084

-15,113

-68,510

-23,737

-209,959

-895

Financing activities
Net advances to Penn National Gaming, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,280

Dividends paid

150,796

150,506

146,208

146,212

146,202

145,833

135,065

134,820

134,717

134,160

134,139

131,770

129,301

124,713

124,517

113,452

65,670

63,262

62,948

62,871

62,651

105,426

59,454

59,184

270,040

-

Taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options

-12,583

-1

0

-1

-9,056

3,839

6,603

4,126

-7,031

2,360

7,732

3,609

4,456

10,886

48,071

31,438

23,089

12,436

4,322

2,534

10,394

9,635

2,833

4,142

13,321

-

Costs related to continuous equity offering

-

-

-

-

-

-

-

-

-

-

-

-

105

-

-

-

0

-

-

-

-

-

-

-

-

-

ATM Program offering costs

-310

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

1,174,600

46,000

1,157,853

93,000

62,000

486,000

1,107,405

1,000,000

0

-

-

-

-

-

-

-

-

-

-

-

-

63,950

20,000

25,992

182,008

-

Financing costs

0

24

9,769

0

236

1,537

11,144

19,745

0

-

-

-

-

3

0

31,199

709

2,812

6,688

0

0

-

-

-

-

-

Repayments of long-term debt

661,206

60,031

1,200,857

94,031

123,030

84,030

156,486

878,572

45,029

10,029

75,028

155,028

95,027

50,028

20,025

265,026

42,025

25

25,025

10,024

33,024

24

0

0

32,000

-

Premium and related costs paid on tender of senior unsecured notes

15,742

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

334,583

-164,578

-218,099

-147,244

-216,524

258,439

811,313

-30,895

-186,777

-141,829

-201,401

-43,704

-219,977

-113,979

114,262

2,783,959

-85,315

-53,663

-90,339

-70,361

-85,281

-32,500

-36,621

-29,356

-106,711

7,280

Net increase in cash and cash equivalents

532,722

1,267

817

-5,595

4,551

-1,136,991

1,018,302

99,052

16,366

-14,580

14,124

6,149

-13,195

11,197

1,620

-37,822

19,686

-865

11,681

-14,308

9,394

4,639

-10,345

-6,599

-236,943

2,626