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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenues $ 305.5 $ 1,323.1 $ 1,421.6 $ 2,605.7
Operating expenses        
General and administrative 204.1 287.0 511.1 573.9
Depreciation and amortization 91.9 106.0 187.6 210.1
Impairment losses 0.0 0.0 616.1 0.0
Total operating expenses 470.9 1,124.7 2,147.6 2,224.9
Operating income (loss) (165.4) 198.4 (726.0) 380.8
Other income (expenses)        
Interest expense, net (135.0) (134.7) (264.8) (267.0)
Income (loss) from unconsolidated affiliates (1.7) 6.2 2.4 11.9
Other 29.3 0.0 7.5 0.0
Total other expenses (107.4) (128.5) (254.9) (255.1)
Income (loss) before income taxes (272.8) 69.9 (980.9) 125.7
Income tax benefit (expense) 58.4 (18.5) 157.9 (33.4)
Net income (loss) (214.4) 51.4 (823.0) 92.3
Less: Net loss attributable to non-controlling interest 0.5 0.2 0.5 0.2
Net income (loss) attributable to Penn National (213.9) 51.6 (822.5) 92.5
Comprehensive income (loss) (214.4) 51.4 (823.0) 92.3
Less: Comprehensive loss attributable to non-controlling interest 0.5 0.2 0.5 0.2
Comprehensive income (loss) attributable to Penn National $ (213.9) $ 51.6 $ (822.5) $ 92.5
Earnings (loss) per share:        
Basic earnings (loss) per share (in dollars per share) $ (1.69) $ 0.44 $ (6.78) $ 0.80
Diluted earnings (loss) per share (in dollars per share) $ (1.69) $ 0.44 $ (6.78) $ 0.78
Weighted average common shares outstanding - basic (in shares) 126.8 116.0 121.3 116.1
Weighted average common shares outstanding - diluted (in shares) 126.8 117.7 121.3 118.2
Less: Comprehensive loss attributable to non-controlling interest $ 0.5 $ 0.2 $ 0.5 $ 0.2
Gaming        
Revenues        
Revenues 259.2 1,062.1 1,162.1 2,096.7
Operating expenses        
Cost of revenue 142.0 564.1 642.9 1,111.6
Food, beverage, hotel and other        
Revenues        
Revenues 46.3 261.0 259.5 509.0
Operating expenses        
Cost of revenue $ 32.9 $ 167.6 $ 189.9 $ 329.3