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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenues $ 1,129.7 $ 1,354.5 $ 2,551.3 $ 3,960.2
Operating expenses        
General and administrative 317.6 309.7 828.7 883.6
Depreciation and amortization 87.7 106.3 275.3 316.4
Impairment losses 0.0 0.0 616.1 0.0
Total operating expenses 933.5 1,174.7 3,081.1 3,399.6
Operating income (loss) 196.2 179.8 (529.8) 560.6
Other income (expenses)        
Interest expense, net (142.3) (133.5) (407.1) (400.5)
Income from unconsolidated affiliates 5.0 9.8 7.4 21.7
Other 68.0 7.2 75.5 7.2
Total other expenses (69.3) (116.5) (324.2) (371.6)
Income (loss) before income taxes 126.9 63.3 (854.0) 189.0
Income tax benefit (expense) 14.3 (19.6) 172.2 (53.0)
Net income (loss) 141.2 43.7 (681.8) 136.0
Less: Net loss attributable to non-controlling interest 0.7 0.2 1.2 0.4
Net income (loss) attributable to Penn National 141.9 43.9 (680.6) 136.4
Comprehensive income (loss) 141.2 43.7 (681.8) 136.0
Less: Comprehensive loss attributable to non-controlling interest 0.7 0.2 1.2 0.4
Comprehensive income (loss) attributable to Penn National $ 141.9 $ 43.9 $ (680.6) $ 136.4
Earnings (loss) per share:        
Basic earnings (loss) per share (in dollars per share) $ 1.02 $ 0.38 $ (5.36) $ 1.18
Diluted earnings (loss) per share (in dollars per share) $ 0.93 $ 0.38 $ (5.36) $ 1.16
Weighted average common shares outstanding - basic (in shares) 138.2 115.2 126.9 115.8
Weighted average common shares outstanding - diluted (in shares) 155.5 116.7 126.9 117.7
Gaming        
Revenues        
Revenues $ 993.6 $ 1,088.5 $ 2,155.7 $ 3,185.2
Operating expenses        
Cost of revenue 458.1 587.5 1,101.0 1,699.1
Food, beverage, hotel and other        
Revenues        
Revenues 136.1 266.0 395.6 775.0
Operating expenses        
Cost of revenue $ 70.1 $ 171.2 $ 260.0 $ 500.5