Gaming and leisure properties, inc. (GLPI)
CashFlow / TTM
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

394,765

390,881

322,521

336,789

335,754

339,516

386,844

379,043

383,379

380,598

381,031

373,617

350,547

289,305

225,386

169,015

127,740

128,122

128,551

132,635

137,642

138,807

0

0

0

0

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

256,886

258,971

256,700

226,372

179,352

148,365

121,822

123,187

123,948

123,835

123,537

121,654

119,202

115,717

112,317

110,398

109,455

109,783

110,031

109,000

107,732

106,843

0

0

0

0

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

11,334

11,455

11,486

11,661

11,801

12,167

12,534

12,809

13,026

13,026

13,027

13,027

12,821

15,146

18,175

18,609

17,578

14,016

9,749

8,078

8,070

8,057

0

0

0

-

Losses on dispositions of property

-86

-92

-5

-97

-316

-309

-369

-661

-425

-530

-520

346

335

455

364

-103

-169

-185

-86

82

147

-10

0

0

0

0

Deferred income taxes

-469

-755

-751

-871

-934

-522

1,086

602

345

-561

-2,484

-1,991

-2,198

-1,535

369

-100

-506

-813

-2,339

-2,923

-2,793

-3,305

0

0

0

0

Stock-based compensation

16,108

16,198

15,627

15,057

11,490

11,152

11,563

11,983

15,140

15,636

16,459

17,405

18,223

18,312

17,957

17,469

16,989

16,811

16,293

15,676

14,701

12,258

0

0

0

-

Straight-line rent adjustments

34,574

34,574

38,668

45,942

53,915

61,888

65,766

66,466

66,343

65,971

65,599

63,499

60,962

58,673

56,385

55,825

55,825

55,825

55,825

52,757

48,817

44,877

0

0

0

-

Losses on debt extinguishment

-38,343

-21,014

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan impairment charges

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase), decrease
Prepaid expenses and other assets

-3,743

6,070

2,022

1,862

3,018

673

4,602

5,792

5,263

5,332

3,874

-11,833

-2,647

-7,565

-1,249

18,033

6,702

9,712

5,612

-8,425

6,222

12,261

0

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

Increase, (decrease)
Accounts payable

-363

-1,505

-1,685

-290

212

1,796

1,416

29

-465

-421

-252

47

280

506

-905

-526

444

-946

-154

-10,498

-3,038

-1,650

0

0

0

0

Accrued expenses

765

-270

170

1,022

192

-126

858

-269

396

411

-512

-197

-3,467

-4,672

-3,516

-3,164

2,839

4,241

2,774

1,683

-1,241

-8,444

0

0

0

0

Accrued interest

-20,659

15,434

-7,637

17,732

22,744

12,020

16,212

2,436

-192

-502

2,514

3,197

32,823

16,120

30,834

12,461

417

95

118

24

-438

-527

0

0

0

-

Accrued salaries and wages

-3,694

-3,189

-4,620

-9,296

3,719

6,201

7,951

12,591

-256

190

-1,337

-7,915

-1,711

-3,100

-3,458

3,600

-1,291

1,138

1,018

-1,301

-1,748

2,244

0

0

0

0

Gaming, property and other taxes

-530

-120

-360

-128

105

-149

-28

-63

-1,308

-517

-158

-216

1,927

913

571

589

-751

-956

-762

-8,432

-4,854

527

0

0

0

0

Income taxes

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

0

-1,572

-

2,059

1,651

-4,115

-17,054

0

0

0

0

Other liabilities

-2,577

592

-2,660

-1,787

-1,924

-438

3,552

4,937

6,999

5,847

3,959

2,654

542

1,875

3,306

1,940

2,153

1,899

205

1,109

1,652

2,877

0

0

0

0

Net cash provided by operating activities

727,664

750,302

719,901

712,892

690,100

654,433

627,825

612,093

599,778

598,711

598,029

596,268

595,201

514,370

458,308

367,961

322,787

319,688

319,077

309,107

294,291

273,259

0

0

0

0

Investing activities
Capital project expenditures

-

-

-

-

-

-

-

-

-

78

85

129

73

330

2,773

5,668

10,774

16,149

28,404

94,477

120,869

139,231

0

0

0

0

Capital maintenance expenditures

3,133

3,017

3,586

3,847

3,992

4,284

3,945

3,435

3,518

3,178

3,605

3,641

3,231

3,111

2,538

2,424

2,364

2,953

3,537

3,796

3,618

3,538

0

0

0

0

Proceeds from sale of property and equipment

18

200

275

3,174

3,393

3,211

0

0

0

-

-

-

-

1,134

1,324

447

538

310

138

271

185

180

0

0

0

0

Increase in cash escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Funding of loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43,000

0

0

0

-

Principal payments on loan receivable

-

-

-

-

-

-

-

-

-

13,200

13,738

14,275

14,813

3,150

5,649

5,650

5,649

4,650

2,613

3,075

7,538

9,000

0

0

0

-

Acquisition of real estate assets

-

-

-

-

-

-

-

-

-

83,252

84,121

410,368

3,276,222

3,267,992

0

0

0

-

-

-

-

140,730

0

0

0

-

Collections of principal payments on investment in direct financing lease

-

-

-

-

-

38,459

55,854

66,466

73,668

73,072

72,463

71,853

66,146

48,533

0

0

0

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

Net cash used in investing activities

-3,115

-2,817

-1,533,691

-1,538,609

-1,527,519

-1,509,784

39,503

63,771

-4,008

698

-693

-327,099

-3,197,666

-3,218,616

-3,234,932

-2,929,923

-6,915

-14,142

-29,190

-94,964

-113,444

-317,319

0

0

0

0

Financing activities
Net advances to Penn National Gaming, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Dividends paid

593,722

589,128

584,455

573,312

561,920

550,435

538,762

537,836

534,786

529,370

519,923

510,301

491,983

428,352

366,901

305,332

254,751

251,732

293,896

290,402

286,715

494,104

0

0

0

-

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

-12,585

-9,058

-5,218

1,385

5,512

7,537

6,058

7,187

6,670

18,157

26,683

67,022

94,851

113,484

115,034

71,285

42,381

29,686

26,885

25,396

27,004

29,931

0

0

0

-

Costs related to continuous equity offering

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

ATM Program offering costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

2,471,453

1,358,853

1,798,853

1,748,405

2,655,405

2,593,405

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

291,950

0

0

0

-

Financing costs

9,793

10,029

11,542

12,917

32,662

32,426

0

0

0

-

-

-

-

31,911

34,720

41,408

10,209

9,500

0

0

0

-

-

-

-

-

Repayments of long-term debt

2,016,125

1,477,949

1,501,948

457,577

1,242,118

1,164,117

1,090,116

1,008,658

285,114

335,112

375,111

320,108

430,106

377,104

327,101

332,101

77,099

68,098

68,097

43,072

33,048

32,024

0

0

0

-

Premium and related costs paid on tender of senior unsecured notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-195,338

-746,445

-323,428

705,984

822,333

852,080

451,812

-560,902

-573,711

-606,911

-579,061

-263,398

2,564,265

2,698,927

2,759,243

2,554,642

-299,678

-299,644

-278,481

-224,763

-183,758

-205,188

0

0

0

0

Net increase in cash and cash equivalents

529,211

1,040

-1,137,218

-119,733

-15,086

-3,271

1,119,140

114,962

22,059

-7,502

18,275

5,771

-38,200

-5,319

-17,381

-7,320

16,194

5,902

11,406

-10,620

-2,911

-249,248

0

0

0

0