PENN - Penn National Gaming, Inc.
NASDAQ
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Consumer Cyclical
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Resorts & Casinos
Wyomissing,
United States
Type: Equity
PENN price evolution
PENN
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1071.8 | $1317.9 | $1271.6 | $1311.3 |
| Short term investments | ||||
| Net receivables | $319 | $252.8 | $289.6 | $260.2 |
| Inventory | $11.4 | $33 | $34.7 | |
| Total current assets | $1659 | $1780.7 | $1735.7 | $1753.4 |
| Long term investments | $84.9 | $82.6 | $86.4 | $87 |
| Property, plant & equipment | $9819.7 | $9723.1 | $9818.6 | $9858.5 |
| Goodwill & intangible assets | $4313.3 | $4408.7 | $5175.7 | $5151.8 |
| Total noncurrent assets | $14405.2 | $14387.9 | $15292.3 | $15286.6 |
| Total investments | $84.9 | $82.6 | $86.4 | $87 |
| Total assets | $16064.2 | $16168.6 | $17028 | $17040 |
| Current liabilities | ||||
| Accounts payable | $36.6 | $44.5 | $52.4 | $45.9 |
| Deferred revenue | ||||
| Short long term debt | $431.5 | $418.5 | $424.5 | $423.5 |
| Total current liabilities | $1490 | $1252.8 | $1226.7 | $1271 |
| Long term debt | $11110.7 | $11080.5 | $11198 | $11238.5 |
| Total noncurrent liabilities | $11374.6 | $11435 | $11592.5 | $11593.9 |
| Total debt | $11542.2 | $11499 | $11622.5 | $11662 |
| Total liabilities | $12864.6 | $12687.8 | $12819.2 | $12864.9 |
| Shareholders' equity | ||||
| Retained earnings | -$335.5 | $22.6 | $747.4 | $669 |
| Other shareholder equity | -$121.3 | -$168.7 | -$124 | -$160.4 |
| Total shareholder equity | $3202.1 | $3482.6 | $4210.3 | $4176.3 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1071.8 | $1624 | $1863.9 | $1853.8 |
| Short term investments | ||||
| Net receivables | $319 | $246.4 | $195 | $96.4 |
| Inventory | ||||
| Total current assets | $1659 | $2013.4 | $2223.6 | $2085 |
| Long term investments | $84.9 | $248.6 | $255.1 | $266.8 |
| Property, plant & equipment | $9819.7 | $10618.8 | $9435.2 | $9347 |
| Goodwill & intangible assets | $4313.3 | $4428.4 | $4695.1 | $2670.6 |
| Total noncurrent assets | $14405.2 | $15488.7 | $14648.5 | $12582.3 |
| Total investments | $84.9 | $248.6 | $255.1 | $266.8 |
| Total assets | $16064.2 | $17502.1 | $16872.1 | $14667.3 |
| Current liabilities | ||||
| Accounts payable | $36.6 | $40.1 | $53.3 | $33.2 |
| Deferred revenue | ||||
| Short long term debt | $431.5 | $313.9 | $281.4 | $251.7 |
| Total current liabilities | $1490 | $1158.7 | $1133.2 | $860 |
| Long term debt | $11110.7 | $11625.7 | $11323.7 | $10905.8 |
| Total noncurrent liabilities | $11374.6 | $12746.8 | $11641.8 | $11151.5 |
| Total debt | $11542.2 | $12908.9 | $11605.1 | $11157.5 |
| Total liabilities | $12864.6 | $13904.4 | $12775 | $12011.5 |
| Shareholders' equity | ||||
| Retained earnings | -$335.5 | $154.5 | -$86.5 | -$507.3 |
| Other shareholder equity | -$121.3 | -$168.6 | -$54.4 | -$0.8 |
| Total shareholder equity | $3202.1 | $3597.7 | $4097.8 | $2656.2 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1395.4 | $1619.4 | $1674.8 | $1673.3 |
| Cost of revenue | $1078.2 | $970.4 | $978.4 | $973.8 |
| Gross Profit | $317.2 | $649 | $696.4 | $699.5 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $383.8 | $406.4 | $380.3 | $392.9 |
| Total operating expenses | $625.6 | $1435.4 | $490.9 | $500.4 |
| Operating income | -$308.4 | -$786.4 | $205.5 | $199.1 |
| Income from continuing operations | ||||
| EBIT | -$288.6 | -$769 | $228.7 | $795.4 |
| Income tax expense | -$49.1 | -$161.7 | $34.7 | $167.9 |
| Interest expense | $118.6 | $117.5 | $115.6 | $113 |
| Net income | ||||
| Net income | -$358.1 | -$724.8 | $78.4 | $514.5 |
| Income (for common shares) | -$358.1 | -$724.8 | $78.4 | $514.5 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $6362.9 | $6401.7 | $3578.7 | |
| Cost of revenue | $4000.8 | $3631.6 | $1868 | |
| Gross Profit | $2362.1 | $2770.1 | $1710.7 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1563.4 | $1110.4 | $1130.8 | |
| Total operating expenses | $3052.3 | $1796.1 | $2120.9 | |
| Operating income | -$690.2 | $974 | -$410.2 | |
| Income from continuing operations | ||||
| EBIT | -$33.5 | $933.9 | -$291.4 | |
| Income tax expense | -$8.2 | -$46.4 | -$165.1 | |
| Interest expense | $464.7 | $758.2 | $543.2 | |
| Net income | ||||
| Net income | -$490 | $222.1 | -$669.5 | |
| Income (for common shares) | -$490 | $222.1 | -$669.5 | |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$358.1 | -$724.8 | $78.4 | $514.5 |
| Operating activities | ||||
| Depreciation | $191.8 | $175.9 | $178.9 | $194 |
| Business acquisitions & disposals | -$50.9 | -$314.6 | ||
| Stock-based compensation | $14.5 | $35.2 | $19.7 | $16.5 |
| Total cash flows from operations | -$84.8 | $217 | $176 | $147.7 |
| Investing activities | ||||
| Capital expenditures | -$156.7 | -$80.3 | -$81.2 | -$63.2 |
| Investments | $8 | |||
| Total cash flows from investing | -$156.6 | -$123.1 | -$84.7 | -$378.2 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $3.6 | $0.6 | -$99.8 | -$48.9 |
| Net borrowings | -$6 | -$39.9 | -$31 | -$31.2 |
| Total cash flows from financing | -$4.7 | -$43.8 | -$131.1 | -$83 |
| Effect of exchange rate | -$1.4 | -$0.5 | $1.5 | |
| Change in cash and equivalents | -$247.5 | $50.1 | -$40.3 | -$312 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$490 | $222.1 | $420.2 | -$669.5 |
| Operating activities | ||||
| Depreciation | $740.6 | $655 | $344.5 | $366.7 |
| Business acquisitions & disposals | -$365.5 | -$921 | -$143.4 | |
| Stock-based compensation | $85.9 | $58.1 | $35.1 | $14.5 |
| Total cash flows from operations | $455.9 | $878.2 | $896.1 | $338.8 |
| Investing activities | ||||
| Capital expenditures | -$381.4 | -$267.5 | -$266.8 | -$125.7 |
| Investments | $8 | -$15 | -$26 | |
| Total cash flows from investing | -$742.6 | -$258.6 | -$1221.8 | -$233.7 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$144.5 | -$594.2 | $10.8 | $1351.5 |
| Net borrowings | -$108.1 | -$229 | $346.5 | -$27.5 |
| Total cash flows from financing | -$262.6 | -$853 | $339.9 | $1310.1 |
| Effect of exchange rate | -$0.4 | -$2.5 | -$4.5 | |
| Change in cash and equivalents | -$549.7 | -$235.9 | $9.7 | $1415.2 |
News
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Is Penn National Gaming (PENN) a Worthy Investment Choice?
Insider Monkey via Yahoo Finance
14 Jun 2023
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Rosecroft Raceway owner agrees to sell storied Fort Washington track
American City Business Journals
18 Aug 2022
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Baron Focused Growth Fund Q2 2022 Shareholder Letter
Seeking Alpha
16 Aug 2022
|
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U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.27% By Investing.com
Investing.com
12 Aug 2022
|
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U.S. shares higher at close of trade; Dow Jones Industrial Average up 1.27%
Investing.com
11 Aug 2022
|
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.09% By Investing.com
Investing.com
8 Aug 2022
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Penn National Gaming Changes Name to PENN Entertainment
Covers.com
5 Aug 2022
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PENN Entertainment (PENN) Q2 Earnings Lag Estimates, Fall Y/Y
Zacks via Yahoo Finance
5 Aug 2022
|
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Penn National Gaming Inc. stock falls Thursday, underperforms market
Market Watch
4 Aug 2022
|
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Penn National Gaming (PENN) Q2 Earnings Lag Estimates
Zacks via Yahoo Finance
4 Aug 2022
|
Fundamentals
| Market cap | $2.70B |
|---|---|
| Enterprise value | $13.17B |
| Shares outstanding | 151.55M |
| Revenue | $6.36B |
|---|---|
| EBITDA | $707.10M |
| EBIT | -$33.50M |
| Net Income | -$490.00M |
| Revenue Q/Q | -12.00% |
| Revenue Y/Y | -0.61% |
| P/E ratio | -5.52 |
|---|---|
| EV/Sales | 2.07 |
| EV/EBITDA | 18.63 |
| EV/EBIT | -393.26 |
| P/S ratio | 0.42 |
| P/B ratio | 0.81 |
| Book/Share | 21.93 |
| Cash/Share | 7.07 |
| EPS | -$3.23 |
|---|---|
| ROA | -2.96% |
| ROE | -13.00% |
| Debt/Equity | 4.02 |
|---|---|
| Net debt/EBITDA | 16.68 |
| Current ratio | 1.11 |
| Quick ratio | 1.11 |