CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 1,244.3	$ 437.4
Receivables, net of allowance for doubtful accounts of $11.0 and $7.7	71.1	88.7
Prepaid expenses	57.1	54.6
Income tax receivable	64.2	22.1
Other current assets	209.9	40.0
Total current assets	1,646.6	642.8
Property and equipment, net	4,677.0	5,120.2
Investment in and advances to unconsolidated affiliates	264.0	128.3
Goodwill and other intangible assets, net	2,677.4	3,297.2
Lease right-of-use assets	4,862.3	4,837.3
Other assets	194.2	168.7
Total assets	14,321.5	14,194.5
Current liabilities
Accounts payable	30.6	40.3
Current maturities of long-term debt	72.1	62.9
Current portion of financing obligations	34.6	40.5
Current portion of lease liabilities	130.1	130.6
Accrued expenses and other current liabilities	560.4	631.3
Total current liabilities	827.8	905.6
Long-term debt, net of current maturities, debt discount and debt issuance costs	3,044.8	2,322.2
Long-term portion of financing obligations	4,084.6	4,102.2
Long-term portion of lease liabilities	4,623.8	4,670.0
Deferred income taxes	130.5	244.6
Other long-term liabilities	105.1	98.0
Total liabilities	12,816.6	12,342.6
Commitments and contingencies (Note 13)
Stockholders’ equity
Common stock ($0.01 par value, 200,000,000 shares authorized, 139,602,483 and 118,125,652 shares issued, and 137,435,090 and 115,958,259 shares outstanding)	1.4	1.2
Treasury stock, at cost, (2,167,393 shares held in both periods)	(28.4)	(28.4)
Additional paid-in capital	2,170.4	1,718.3
Retained earnings (accumulated deficit)	(660.3)	161.6
Total Penn National stockholders’ equity	1,506.2	1,852.7
Non-controlling interest	(1.3)	(0.8)
Total stockholders’ equity	1,504.9	1,851.9
Total liabilities and stockholders’ equity	14,321.5	14,194.5
Series B Preferred stock ($0.01 par value, 1,000,000 shares authorized, no shares issued and outstanding)
Stockholders’ equity
Preferred stock	0.0	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	0.0
Series D Preferred stock ($0.01 par value, 5,000 shares authorized, 883 shares issued and outstanding)
Stockholders’ equity
Preferred stock	$ 23.1	$ 0.0