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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenues $ 1,282,571 $ 816,085
Operating expenses    
General and administrative 286,928 121,263
Depreciation and amortization 104,053 60,390
Impairment losses 0 618
Total operating expenses 1,100,185 643,951
Operating income 182,386 172,134
Interest expense (132,587) (115,740)
Interest income 319 249
Income from unconsolidated affiliates 5,687 5,361
Loss on early extinguishment of debt 0 (882)
Other 0 4
Total other expenses (126,581) (111,008)
Income before income taxes 55,805 61,126
Income tax expense (14,818) (15,689)
Net income 40,987 45,437
Less: Net loss attributable to non-controlling interest 5 0
Net income attributable to Penn National Gaming, Inc. $ 40,992 $ 45,437
Earnings per common share    
Basic earnings per common share (in dollars per share) $ 0.35 $ 0.50
Diluted earnings per common share (in dollars per share) $ 0.35 $ 0.48
Weighted average basic shares outstanding (in shares) 116,293 91,191
Weighted average diluted shares outstanding (in shares) 118,595 94,650
Gaming    
Revenues    
Revenues $ 1,034,511 $ 654,494
Operating expenses    
Cost of revenue 547,445 340,516
Food, beverage, hotel and other    
Revenues    
Revenues 248,060 130,969
Operating expenses    
Cost of revenue 161,759 92,980
Management service and license fees    
Revenues    
Revenues 0 2,438
Reimbursable management costs    
Revenues    
Revenues 0 28,184
Operating expenses    
Cost of revenue $ 0 $ 28,184