← PENN Entertainment, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0b |
$3.1b
+3.74%
|
$3.6b
+13.98%
|
$5.3b
+47.76%
|
$3.6b
-32.50%
|
$5.9b
+65.00%
|
$6.4b
+8.41%
|
$6.4b
-0.61%
|
$6.6b
+3.38%
|
$7.0b
+5.82%
|
$7.2b
+2.86%
|
|
| Cost of revenue | $1.8b |
$1.8b
+3.57%
|
$2.1b
+13.03%
|
$3.0b
+43.45%
|
$1.9b
-36.80%
|
$3.2b
+69.01%
|
$3.7b
+15.16%
|
$4.0b
+10.09%
|
$4.5b
+10.22%
|
$4.7b
+4.32%
|
$4.6b
-0.21%
|
|
| Gross Profit | $1.3b |
$1.3b
+3.99%
|
$1.5b
+15.31%
|
$2.3b
+53.71%
|
$1.7b
-26.94%
|
$2.7b
+60.53%
|
$2.7b
+0.47%
|
$2.3b
-15.03%
|
$2.1b
-8.55%
|
$2.3b
+8.98%
|
$2.5b
+9.04%
|
|
| Marketing and Advertising Expense | — | — | — | — | — | $88.2m | $94.8m | $173.3m | $456.4m | $358.1m | — | |
| General and administrative | $463.0m | $514.8m | $619.0m | $1.2b | $1.1b | $1.4b | $1.1b | $1.6b | $1.6b | $1.6b | $1.7b | |
| Amortization of Intangible Assets | $9.3m | $18.9m | $17.1m | $24.7m | $21.7m | $19.6m | $56.7m | $58.8m | $49.9m | $39.6m | — | |
| Operating Expenses | $2.5b | $2.7b | $3.0b | $4.7b | $4.0b | $4.8b | $5.4b | $7.1b | $6.5b | $7.6b | $6.8b | |
| Operating Income (Loss) | $543.0m |
$445.7m
-17.92%
|
$634.1m
+42.26%
|
$571.9m
-9.81%
|
($410.2m)
-171.73%
|
$1.1b
+358.31%
|
$974.0m
-8.08%
|
($690.2m)
-170.86%
|
$72.5m
+110.50%
|
($673.6m)
-1029.10%
|
$365.1m
+154.20%
|
|
| Interest Expense, Debt | — | — | — | — | $13.5m | $22.7m | — | — | — | — | $400.9m | |
| Interest expense, net | — | ($463.2m) | ($538.4m) | ($534.2m) | ($543.2m) | ($561.7m) | ($758.2m) | ($464.7m) | ($470.5m) | ($405.8m) | $400.9m | |
| Interest Income, Other | $24.2m | $3.6m | $1.0m | — | $900k | $1.1m | $18.3m | $40.3m | $23.6m | $9.7m | $8.2m | |
| Other Nonoperating Income (Expense) | ($1.7m) | ($2.3m) | ($7.1m) | $20.0m | $106.6m | $2.5m | ($72.1m) | $5.5m | $5.3m | $4.7m | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | — | $447.6m | $400.9m | |
| Interest Income (Expense), Nonoperating, Net | — | ($463.2m) | ($538.4m) | ($534.2m) | ($543.2m) | ($561.7m) | ($758.2m) | ($464.7m) | ($470.5m) | ($405.8m) | $8.2m | |
| Total other income (expenses) | ($422.4m) | ($470.8m) | ($544.2m) | ($485.8m) | ($424.0m) | ($520.5m) | ($798.7m) | $190.6m | ($413.8m) | ($147.1m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | ($29.5m) | — | — | — | — | — | — | — | — | ($922.4m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $120.6m | ($25.0m) | $89.9m | $86.1m | ($834.2m) | $539.1m | $175.3m | ($499.6m) | ($341.3m) | ($820.7m) | ($922.4m) | |
| Current Income Tax Expense (Benefit) | $2.6m | $19.4m | $23.1m | $21.9m | ($46.8m) | $123.1m | $104.3m | $25.7m | $30.1m | ($1.7m) | ($13.7m) | |
| Income Tax Expense (Benefit) | $11.3m | ($498.5m) | ($3.6m) | $43.0m | ($165.1m) | $118.6m | ($46.4m) | ($8.2m) | ($28.0m) | $24.6m | ($13.7m) | |
| Net loss | $109.3m | $473.5m | $93.5m | $43.1m | ($669.1m) | $420.5m | $221.7m | ($491.4m) | ($313.3m) | ($845.3m) | — | |
| Net loss attributable to non-controlling interest | $0 | $0 | $5k | $800k | ($400k) | $300k | $400k | $1.4m | $1.8m | $2.2m | — | |
| Net loss attributable to PENN Entertainment, Inc. | $109.3m | $473.5m | $93.5m | $43.9m | ($669.5m) | $420.8m | $222.1m | ($490.0m) | ($311.5m) | ($843.1m) | — | |
| Net Income (Loss) Attributable to Parent | $109.3m |
$473.5m
+333.14%
|
$93.5m
-80.25%
|
$43.9m
-53.06%
|
($669.5m)
-1625.06%
|
$420.8m
+162.85%
|
$222.1m
-47.22%
|
($490.0m)
-320.62%
|
($311.5m)
+36.43%
|
($843.1m)
-170.66%
|
($906.7m)
-7.54%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $100.6m |
$473.5m
+370.41%
|
$93.5m
-80.25%
|
$43.9m
-53.06%
|
($669.5m)
-1625.06%
|
$418.7m
+162.54%
|
$221.2m
-47.17%
|
($490.0m)
-321.52%
|
($311.5m)
+36.43%
|
($843.1m)
-170.66%
|
($906.7m)
-7.54%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($5k) | ($800k) | $400k | ($300k) | ($400k) | ($1.4m) | ($1.8m) | ($2.2m) | ($906.7m) | |
| Preferred Stock Dividends and Other Adjustments | $8.7m | — | $0 | — | — | — | — | — | — | — | — | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | $2.1m | $900k | $0 | — | — | — | |
| Earnings Per Share, Basic | $1.21 | $5.21 | $0.96 | $0.38 | ($5.00) | $2.64 | $1.37 | ($3.22) | ($2.05) | ($5.83) | ($6.23) | |
| Earnings Per Share, Diluted | $1.19 | $5.07 | $0.93 | $0.37 | ($5.00) | $2.48 | $1.29 | ($3.22) | ($2.05) | ($5.83) | ($6.23) | |
| Weighted Average Number of Shares Outstanding, Basic | 82.9m | 90.9m | 97.1m | 115.7m | 134.0m | 158.7m | 161.2m | 152.1m | 152.1m | 144.6m | 136.1m | |
| Weighted-average common shares outstanding - basic (in shares) | 82.9m | 90.9m | 97.1m | 115.7m | 134.0m | 158.7m | 161.2m | 152.1m | 152.1m | 144.6m | — | |
| Weighted-average common shares outstanding - diluted (in shares) | 91.4m | 93.4m | 100.3m | 117.8m | 134.0m | 175.5m | 176.6m | 152.1m | 152.1m | 144.6m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 91.4m | 93.4m | 100.3m | 117.8m | 134.0m | 175.5m | 176.6m | 152.1m | 152.1m | 144.6m | 136.1m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | — | — | — | — | $52.1m | $25.0m | — | — | — | |
| Goodwill, Impairment Loss | — | $18.0m | $18.0m | $88.0m | $113.0m | $0 | $37.4m | $30.0m | $12.3m | $832.0m | $89.1m | |
| Lease Income | — | — | — | $311.0m | $146.8m | $231.1m | $262.0m | $247.3m | $250.0m | $253.3m | — | |
| Other Cost and Expense, Operating | — | — | — | — | — | — | — | — | $116.7m | $139.5m | — | |
| Depreciation and amortization | $271.2m | $267.1m | $269.0m | $414.2m | $366.7m | $344.5m | $567.5m | $435.1m | $433.6m | $446.9m | $463.2m | |
| Impairment losses | — | $18.0m | $34.9m | $173.1m | $623.4m | $0 | $118.2m | $130.6m | $89.1m | $945.3m | — | |
| Loss on disposal of Barstool | — | — | — | — | — | $0 | $0 | $923.2m | $0 | $0 | — | |
| Income from unconsolidated affiliates | $14.3m | $18.7m | $22.3m | $28.4m | $13.8m | $38.7m | $23.7m | $25.3m | $28.1m | $37.7m | — | |
| Gain on Barstool Acquisition, net | — | — | — | — | — | $0 | $0 | $83.4m | $0 | $0 | — | |
| Gain on REIT transactions, net | — | — | — | — | — | $0 | $0 | $500.8m | $0 | $3.3m | — | |
| Gain on financing arrangement | — | — | — | — | — | — | — | $0 | $0 | $215.1m | — | |
| Loss on early extinguishment of debt | $0 | ($24.0m) | ($21.0m) | $0 | ($1.2m) | $0 | ($10.4m) | $0 | ($300k) | ($11.8m) | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.