PENN NATIONAL GAMING, INC. PENN Income Statement

Penn national gaming, inc. (PENN)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues [Abstract]
Revenues
5,301	3,587	3,331	3,209	2,993	2,740	2,943	2,825	2,884	2,592	2,512	2,557
Less: Promotional allowance
0	0	183	174	154	150	165	137	141	133	142	134
Total revenues
5,301	3,587	3,148	3,034	2,838	2,590	2,777	2,688	2,742	2,459	2,369	2,423
Operating expenses
Food, beverage, hotel and other
-	-	-	-	349	319	336	330	321	266	266	257
General and administrative
1,187	618	514	462	449	446	516	504	423	411	403	415
Depreciation, Depletion and Amortization, Nonproduction
414	269	267	271	259	266	303	233	211	212	194	173
Asset Impairment Charges And Provision For Loan And Lease Losses, Net Of Recoveries
173	34	18	0	40	159	798	-	-	224	532	481
Provision For (Recoveries On) Loan Losses And Unfunded Loan Commitments
0	-17	89	-	-	-	-	-	-	-	-	-
Total operating expenses
4,729	2,953	2,702	2,491	2,370	2,333	3,201	2,291	2,242	2,305	2,563	2,509
Insurance recoveries
-	-	-	-	-	5	-0	7	13	-7	6	-
Operating income (loss)
571	634	445	543	467	257	-423	397	499	153	-194	-86
Other income (expenses)
Other income (expenses)
Interest expense, net
-534	-538	-463	-	-	-	-	-	-	-	-	-
Interest Expense
-	-	-	459	443	425	159	82	99	130	134	169
Interest income
-	-	-	24	11	3	1	0	0	1	6	8
Income from unconsolidated affiliates
28	22	18	14	14	7	9	3	7	-25	-1	-1
Merger termination settlement fees, net of related expenses
-	-	-	-	-	-	-	-	-	-	-	195
Loss on early extinguishment of debt
0	-21	-24	0	-	-	-61	-	-17	-0	-4	-
Other
20	-7	-2	-1	5	2	8	4	-0	6	1	6
Total other expenses
-485	-544	-470	-422	-411	-410	-202	-72	-110	-148	-133	38
Income (loss) before income taxes
86	89	-25	120	56	-153	-626	325	389	4	-327	-47
Income tax benefit (expense)
43	-3	-498	11	55	30	-33	137	146	66	-60	105
Net income (loss) from continuing operations
-	-	-	-	-	-	-592	187	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	11	22	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
43	93	473	109	-	-	-	-	-	-61	-267	-153
Less: Net loss attributable to non-controlling interest
-0	0	0	0	-	-	-	-	-	-2	-2	-
Net income (loss) attributable to Penn National
43	93	473	109	0	-183	-581	210	242	-59	-264	-153
Earnings (loss) per common share:
Basic income (loss) from continuing operations (in dollars per share)
-	-	-	-	-	-	-7.59	1.98	-	-	-	-
Discontinued operations, net of tax (in dollars per share)
-	-	-	-	-	-	0.15	0.24	-	-	-	-
Basic earnings per (loss) common share (in dollars per share)
0.38	0.96	5.21	1.21	0.01	-2.34	-7.44	2.22	2.52	-0.76	-3.39	-1.81
Basic income (loss) from continuing operations (in dollars per share)
-	-	-	-	-	-	-7.59	1.81	-	-	-	-
Discontinued operations, net of tax,(dollars per share)
-	-	-	-	-	-	0.15	0.22	-	-	-	-
Diluted earnings per (loss) common share (in dollars per share)
0.37	0.93	5.07	1.19	0.01	-2.34	-7.44	2.03	2.26	-0.76	-3.39	-1.81
Weighted average basic shares outstanding (in shares)
115	97	90	82	80	78	78	76	-	-	-	-
Weighted average diluted shares outstanding (in shares)
117	100	93	91	90	78	78	103	-	-	-	-
Gaming
Revenues
4,268	2,894	2,692	2,606	2,497	2,297	2,479	2,387	2,468	2,242	2,158	2,206
Cost of revenue
2,281	1,551	1,365	1,334	1,271	1,146	1,247	1,229	1,298	1,198	1,161	1,181
Food, beverage, hotel and other
Revenues
1,032	629	601	575	485	432	450	423	400	334	339	334
Cost of revenue
672	439	421	406	-	-	-	-	-	-	-	-
Management service and license fees
Revenues
0	6	11	11	10	11	13	14	15	15	14	16
Reimbursable management costs
Revenues
0	57	26	15	-	-	-	-	-	-	-	-
Cost of revenue
0	57	26	15	-	-	-	-	-	-	-	-