Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Segment Reporting Information, by Segment

The following tables present certain information with respect to the Company’s segments.



	Three Months Ended June 30, 2018									Three Months Ended June 30, 2017
(in thousands)	GLP Capital		TRS Properties		Eliminations ⁽¹⁾			Total		GLP Capital		TRS Properties		Eliminations ⁽¹⁾			Total
Total revenues	$	218,332	$	35,889	$	—		$	254,221	$	207,119	$	36,272	$	—		$	243,391
Income from operations	146,133		7,108		—			153,241		145,401		7,295		—			152,696
Interest, net	56,164		2,602		(2,602		)	56,164		54,171		2,601		(2,602		)	54,170
Income before income taxes	89,098		4,506		—			93,604		93,832		4,694		—			98,526
Income tax expense	228		1,378		—			1,606		242		1,950		—			2,192
Net income	88,870		3,128		—			91,998		93,590		2,744		—			96,334
Depreciation	25,172		2,351		—			27,523		25,626		2,797		—			28,423
Capital project expenditures	14		—		—			14		60		—		—			60
Capital maintenance expenditures	3		1,159		—			1,162		—		1,245		—			1,245



	Six Months Ended June 30, 2018									Six Months Ended June 30, 2017
(in thousands)	GLP Capital		TRS Properties		Eliminations ⁽¹⁾			Total		GLP Capital		TRS Properties		Eliminations ⁽¹⁾			Total
Total revenues	$	427,636	$	70,635	$	—		$	498,271	$	411,824	$	74,280	$	—		$	486,104
Income from operations	291,007		14,085		—			305,092		287,435		15,267		—			302,702
Interest, net	109,752		5,202		(5,203		)	109,751		107,657		5,201		(5,203		)	107,655
Income before income taxes	182,985		8,883		—			191,868		184,981		10,066		—			195,047
Income tax expense	399		2,699		—			3,098		612		4,110		—			4,722
Net income	182,586		6,184		—			188,770		184,369		5,956		—			190,325
Depreciation	50,787		4,690		—			55,477		51,050		5,630		—			56,680
Capital project expenditures	14		—		—			14		68		—		—			68
Capital maintenance expenditures	51		1,933		—			1,984		—		1,727		—			1,727

(1) 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.