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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 400,280 $ 479,598
Receivables, net of allowance for doubtful accounts of $2,942 and $3,161 114,439 106,837
Prepaid expenses 67,856 62,971
Other current assets 56,629 28,252
Total current assets 639,204 677,658
Property and equipment, net 5,227,922 6,868,768
Other assets    
Investment in and advances to unconsolidated affiliates 127,924 128,488
Goodwill 1,279,496 1,228,422
Other intangible assets, net 1,923,347 1,856,868
Deferred income taxes 0 80,612
Operating lease right-of-use assets 3,972,527 0
Finance lease right-of-use assets 222,418 0
Other assets 105,333 120,196
Total other assets 7,631,045 3,414,586
Total assets 13,498,171 10,961,012
Current liabilities    
Accounts payable 31,388 30,551
Current maturities of long-term debt 62,505 62,140
Current portion of financing obligations 52,600 67,777
Current portion of operating lease liabilities 95,894 0
Current portion of finance lease liabilities 5,874 0
Accrued expenses and other current liabilities 572,122 577,968
Total current liabilities 820,383 738,436
Long-term debt, net of current maturities and debt issuance costs 2,311,379 2,350,088
Long-term portion of financing obligations 4,129,233 7,080,638
Long-term portion of operating lease liabilities 3,868,392 0
Long-term portion of finance lease liabilities 216,948 0
Deferred income taxes 232,679 0
Noncurrent tax liabilities 32,461 32,360
Other noncurrent liabilities 24,885 28,269
Total liabilities 11,636,360 10,229,791
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock ($0.01 par value, 200,000,000 shares authorized, 119,307,944 and 118,855,201 shares issued, and 117,140,551 and 116,687,808 shares outstanding) 1,189 1,188
Treasury stock, at cost, (2,167,393 shares held in both periods) (28,414) (28,414)
Additional paid-in capital 1,730,351 1,726,401
Retained earnings (accumulated deficit) 158,695 (967,949)
Total Penn National Gaming, Inc. stockholders’ equity 1,861,821 731,226
Non-controlling interest (10) (5)
Total stockholders’ equity 1,861,811 731,221
Total liabilities and stockholders’ equity 13,498,171 10,961,012
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding)    
Stockholders’ equity    
Preferred stock 0 0
Series C Preferred stock ($0.01 par value, 18,500 shares authorized, no shares issued and outstanding)    
Stockholders’ equity    
Preferred stock $ 0 $ 0