PENN NATIONAL GAMING, INC. PENN Balance Sheet

Penn national gaming, inc. (PENN)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets [Abstract]
Current assets
Cash and Cash Equivalents, at Carrying Value
730	437	406	378	400	479	244	200	217	277	264	224	259	229	201	221	214	237	223	233	237	208	230	251	287	292	267	235	247	260	217	204	217	238	207	321	234	246	355	398	713
Receivables, net of allowance for doubtful accounts of $8.4 and $7.7
50	88	91	106	114	106	49	54	56	62	54	48	49	61	43	47	47	45	40	45	40	41	42	69	53	52	42	52	56	53	56	53	55	55	41	51	41	44	43	46	46
Income tax receivable
53	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Including Discontinued Operation, Assets, Current
336	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
99	94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	1	0	0	-	-	-	13	33
Prepaid expenses
-	-	72	73	67	63	40	37	44	43	54	48	55	59	59	61	65	76	66	67	86	70	45	70	84	53	37	65	74	94	81	40	36	39	38	32	45	72	42	38	70
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	36	33	-	74	76	71	41	38	36	36	39	36	31	29	32	28	25	21	25	21	22	23
Other current assets
-	-	56	50	56	28	14	16	15	16	28	51	52	48	48	13	13	13	12	15	10	11	10	30	10	29	13	11	11	38	47	47	38	48	52	52	77	77	78	77	41
Total current assets
1,270	642	628	609	639	677	348	308	334	401	402	373	417	399	353	342	340	372	373	397	409	332	404	497	507	469	401	401	427	487	439	377	377	415	370	485	421	465	541	597	928
Property, Plant and Equipment, Net
4,745	5,120	5,155	5,215	5,227	6,868	2,650	2,680	2,710	2,756	2,785	2,827	2,774	2,820	2,844	2,894	2,935	2,980	3,029	2,694	2,682	2,669	745	557	550	2,516	2,642	2,678	2,707	2,730	2,495	2,420	2,339	2,277	2,221	2,179	1,974	1,965	1,945	1,908	1,837
Investment in and advances to unconsolidated affiliates
264	128	128	127	127	128	124	146	147	148	149	152	154	156	158	162	165	168	171	173	175	179	183	187	190	193	195	201	201	204	208	216	215	174	153	142	72	64	70	38	26
Goodwill and other intangible assets, net
2,683	3,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease right-of-use assets
4,817	4,837	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
-	-	1,350	1,354	1,279	1,228	1,008	1,008	1,008	1,008	1,007	1,025	989	989	993	911	911	911	911	874	874	874	491	492	493	951	1,308	1,309	1,379	1,380	1,176	1,178	1,179	1,180	1,181	1,183	1,184	1,185	1,375	1,377	1,379
Intangible Assets, Net (Excluding Goodwill)
-	-	2,104	2,110	1,923	1,856	472	475	469	422	426	430	432	435	431	390	391	391	431	416	418	419	475	375	379	234	693	698	706	706	526	471	421	421	421	418	418	415	420	402	386
Deferred income taxes
-	-	0	0	0	80	385	384	388	390	635	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
-	-	4,592	4,458	3,972	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease right-of-use assets
-	-	222	224	222	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs, net of accumulated amortization of $6,796 and $922 at December 31, 2014 and 2013, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	28	29	-	29	31	33	35	28	30	31	33	34	22	24	27	30	33	40
Loan to the JIVDC, net of allowance for loan losses of $0 and $64,052
-	-	-	-	-	-	-	-	20	20	75	84	91	91	360	299	246	197	143	108	86	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	230	230	-	-	-
Other assets
157	168	136	109	105	120	93	87	86	85	86	89	86	82	108	140	137	116	79	79	77	87	128	116	101	101	125	112	109	98	93	89	85	103	101	114	109	107	104	117	112
Total other assets
-	-	-	-	7,631	-	2,085	2,102	2,120	2,077	2,381	1,782	1,755	1,754	2,053	1,905	1,852	1,786	1,738	1,652	1,631	1,622	1,313	1,199	1,195	1,481	2,353	2,354	2,430	2,426	2,033	1,985	1,932	1,913	1,892	1,882	2,038	2,031	2,002	1,968	1,946
Assets
13,938	14,194	14,318	14,209	13,498	10,961	5,083	5,091	5,165	5,234	5,569	4,984	4,947	4,974	5,251	5,142	5,128	5,138	5,142	4,744	4,724	4,624	2,463	2,253	2,253	4,467	5,396	5,433	5,565	5,644	4,968	4,782	4,649	4,606	4,484	4,547	4,434	4,462	4,489	4,474	4,712
Liabilities
Current liabilities
Accounts payable
74	40	39	28	31	30	21	24	18	26	24	28	29	35	60	68	68	72	68	73	66	43	41	60	24	22	28	25	37	38	57	30	29	39	23	19	14	17	19	23	19
Accrued interest
-	-	-	-	-	-	5	12	6	13	5	13	5	6	8	5	8	7	8	8	11	5	7	2	7	5	12	19	14	21	11	17	10	17	12	23	18	36	32	50	61
Accrued salaries and wages
-	-	-	-	-	-	91	90	76	111	94	86	72	92	80	80	76	98	89	86	69	84	83	80	70	86	84	80	78	96	88	75	63	85	72	69	56	73	66	55	65
Gaming, pari-mutuel, property, and other taxes
-	-	-	-	-	-	70	63	63	69	72	56	53	60	62	49	52	57	68	62	55	51	65	56	54	52	71	65	61	55	59	45	49	49	51	39	41	46	51	37	38
Long-term Debt, Current Maturities
67	62	62	62	62	62	39	37	35	35	36	35	35	85	81	100	96	92	87	44	40	30	30	27	27	27	100	82	88	81	46	42	44	44	45	3	745	357	2	4	86
Financing Obligation, Current
35	40	45	49	52	67	23	34	45	56	62	61	57	56	55	53	52	50	49	48	47	46	-	-	-	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of lease liabilities
125	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liabilities
-	-	124	123	95	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of finance lease liabilities
-	-	6	6	5	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued Liabilities, Current
510	631	598	589	572	578	126	132	134	125	110	113	107	101	94	100	94	93	87	138	137	133	136	89	86	102	102	102	103	133	108	106	89	113	102	92	73	101	89	96	110
Income taxes
-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	5	-	-	-	-	-	-	-
Insurance financing
-	-	-	-	-	-	2	3	7	-	-	3	8	2	0	4	8	3	2	6	10	13	3	7	12	3	2	8	13	3	2	6	11	16	2	5	8	11	3	0	6
Other current liabilities
-	-	-	-	-	-	91	89	87	91	86	101	96	95	107	75	72	82	72	73	64	75	72	70	109	67	74	71	75	68	61	58	59	53	53	55	52	46	42	42	41
Total current liabilities
813	905	877	860	820	738	472	489	475	530	492	500	467	536	552	540	530	557	534	541	504	484	440	395	394	408	478	457	471	499	436	383	394	426	363	309	1,010	691	308	311	430
Financing Obligation, Noncurrent
4,093	4,102	4,110	4,119	4,129	7,080	3,467	3,471	3,476	3,482	3,490	3,506	3,441	3,457	3,471	3,485	3,499	3,514	3,526	3,539	3,551	3,564	-	-	-	3,492	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term portion of lease liabilities
4,646	4,670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Liability, Noncurrent
-	-	4,439	4,317	3,868	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Liability, Noncurrent
-	-	217	219	216	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, net of current maturities and debt issuance costs
2,829	2,322	2,392	2,489	2,311	2,350	1,013	1,041	1,164	1,214	1,282	1,303	1,387	1,329	1,589	1,567	1,597	1,618	1,598	1,221	1,240	1,210	1,198	1,027	1,034	1,017	2,299	2,393	2,525	2,649	2,129	2,059	1,986	1,998	1,922	2,095	1,389	1,813	2,098	2,098	2,248
Deferred income taxes
177	244	252	249	232	0	-	-	-	-	-	129	127	126	120	112	107	107	131	92	90	38	-	10	15	71	197	223	221	216	174	152	160	167	167	165	141	134	126	122	127
Noncurrent tax liabilities
-	-	-	-	32	-	37	36	35	34	28	27	27	26	28	26	-	-	8	8	7	7	19	25	23	21	21	23	21	20	21	36	36	33	31	30	36	36	38	35	46
Other noncurrent liabilities
100	98	88	62	24	60	22	25	47	46	15	35	36	40	43	18	43	18	17	27	27	27	6	6	6	7	7	7	7	7	7	7	7	8	8	8	8	8	8	8	7
Total liabilities
12,660	12,342	12,378	12,317	11,636	10,229	4,540	4,574	4,723	5,307	4,817	5,000	5,020	4,981	5,252	5,209	5,247	5,259	5,283	4,889	4,916	4,847	1,224	1,070	1,080	4,609	2,526	2,646	2,775	2,893	2,332	2,256	2,190	2,208	2,129	2,300	1,576	1,993	2,271	2,264	2,430
Stockholders’ equity
Preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0
Common stock ($0.01 par value, 200,000,000 shares authorized, 118,961,115 and 118,125,652 shares issued, and 116,793,722 and 115,958,259 shares outstanding)
1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Treasury stock, at cost, (2,167,393 shares held in both periods)
28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	28	-	-	-	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
1,728	1,718	1,712	1,708	1,730	1,726	1,023	1,018	1,011	1,007	1,002	1,016	1,011	1,014	1,007	1,000	992	988	980	974	967	956	911	908	903	925	1,500	1,479	1,454	1,451	1,420	1,411	1,399	1,385	1,450	1,469	1,458	1,446	1,430	1,476	1,480
Retained earnings (accumulated deficit)
-446	161	254	210	158	-968	-925	-962	-1,016	-1,051	-713	-1,503	-1,520	-1,525	-1,530	-1,576	-1,610	-1,634	-1,625	-1,630	-1,633	-1,635	-113	-121	-125	-1,448	889	848	860	795	774	728	661	583	539	468	392	337	491	442	397
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-1	-1	-1	-1	-3	-4	-4	-3	-3	-3	-4	-3	-2	-2	-1	-0	0	-0	0	0	0	2	3	3	2	2	2	0	-0	-3	-7	-13	-18	-26
Total Penn National stockholders’ equity
1,278	1,852	1,939	1,891	1,861	731	70	27	-33	-73	260	-517	-540	-543	-553	-606	-649	-678	-676	-686	-696	-708	798	787	778	-550	2,392	2,329	2,318	2,250	2,198	2,143	2,064	1,971	-	-	-	-	1,908	1,901	1,852
Non-controlling interest
-0	-0	-0	-0	-0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
1,277	1,851	1,939	1,891	1,861	731	-	-	-	-73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,990	1,938	1,848	1,777	1,908	1,898	1,852
Total liabilities and stockholders’ equity
13,938	14,194	14,318	14,209	13,498	10,961	5,083	5,091	5,165	5,234	5,569	4,984	4,947	4,974	5,251	5,142	5,128	5,138	5,142	4,744	4,724	4,624	2,463	2,253	2,253	4,467	5,396	5,433	5,565	5,644	4,968	4,782	4,649	4,606	4,484	4,547	4,434	4,462	4,489	4,474	4,712
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding)
Preferred stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series C Preferred stock ($0.01 par value, 18,500 shares authorized, no shares issued and outstanding)
Preferred stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Series D Preferred stock ($0.01 par value, 5,000 shares authorized, 883 shares issued and outstanding)
Preferred stock
23	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-