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Segment Information (Tables)
6 Months Ended
Jun. 30, 2014
Segment Information  
Schedule of information with respect to the Company's segments

The following tables present certain information with respect to the Company’s segments. Intersegment revenues between the Company’s segments were not material in any of the periods presented below.

 

 

 

Three Months Ended June 30, 2014

 

Three Months Ended June 30, 2013

 

(in thousands)

 

GLP Capital

 

TRS Properties

 

Eliminations (2)

 

Total

 

GLP Capital (1)

 

TRS Properties

 

Eliminations (2)

 

Total

 

Net revenues

 

$

119,744

 

$

41,042

 

$

 

$

160,786

 

$

 

$

46,072

 

$

 

$

46,072

 

Income from operations

 

70,219

 

7,155

 

 

77,374

 

 

9,090

 

 

9,090

 

Interest, net

 

28,440

 

2,601

 

(2,601

)

28,440

 

 

(1

)

 

(1

)

Income before income taxes

 

44,380

 

4,554

 

 

48,934

 

 

7,710

 

 

7,710

 

Income tax provision

 

 

1,922

 

 

1,922

 

 

3,011

 

 

3,011

 

Net income

 

44,380

 

2,632

 

 

47,012

 

 

4,699

 

 

4,699

 

Depreciation

 

23,292

 

3,057

 

 

26,349

 

 

3,627

 

 

3,627

 

Capital project expenditures, net of reimbursements

 

31,502

 

 

 

31,502

 

 

476

 

 

476

 

Capital maintenance expenditures

 

 

597

 

 

597

 

 

848

 

 

848

 

 

 

 

Six Months Ended June 30, 2014

 

Six Months Ended June 30, 2013

 

(in thousands)

 

GLP Capital

 

TRS Properties

 

Eliminations (2)

 

Total

 

GLP Capital (1)

 

TRS Properties

 

Eliminations (2)

 

Total

 

Net revenues

 

$

237,856

 

$

81,258

 

$

 

$

319,114

 

$

 

$

88,721

 

$

 

$

88,721

 

Income from operations

 

138,090

 

13,618

 

 

151,708

 

 

15,900

 

 

15,900

 

Interest, net

 

56,868

 

5,202

 

(5,202

)

56,868

 

 

(1

)

 

(1

)

Income before income taxes

 

86,424

 

8,416

 

 

94,840

 

 

13,240

 

 

13,240

 

Income tax provision

 

 

3,516

 

 

3,516

 

 

5,327

 

 

5,327

 

Net income

 

86,424

 

4,900

 

 

91,324

 

 

7,913

 

 

7,913

 

Depreciation

 

46,733

 

6,138

 

 

52,871

 

 

7,215

 

 

7,215

 

Capital project expenditures, net of reimbursements

 

55,504

 

 

 

55,504

 

 

554

 

 

554

 

Capital maintenance expenditures

 

 

1,468

 

 

1,468

 

 

1,744

 

 

1,744

 

 

(1)       GLP Capital operations commenced November 1, 2013 in connection with the Spin-Off.

(2)       Amounts in the “Eliminations” column represent the elimination of intercompany interest payments from the Company’s TRS Properties business segment to its GLP Capital business segment.