XML 121 R103.htm IDEA: XBRL DOCUMENT v3.22.0.1
Earnings (Loss) per Share - Calculation of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Calculation of basic earnings (loss) per share:      
Net income (loss) applicable to common stock $ 418.7 $ (669.5) $ 43.9
Weighted-average common shares outstanding - basic (in shares) 158.7 134.0 115.7
Basic earnings (loss) per share (in dollars per share) $ 2.64 $ (5.00) $ 0.38
Calculation of diluted earnings (loss) per share:      
Net income (loss) applicable to common stock $ 418.7 $ (669.5) $ 43.9
Interest on Convertible Debt, Net of Tax 17.0 0.0 0.0
Diluted income applicable to common stock $ 435.7 $ (669.5) $ 43.9
Weighted-average common shares outstanding - diluted (in shares) 175.5 134.0 117.8
Diluted earnings (loss) per share (in dollars per share) $ 2.48 $ (5.00) $ 0.37
Effective tax rate 22.00% 19.80% 49.90%
Penn National Gaming Shares      
Calculation of basic earnings (loss) per share:      
Weighted-average common shares outstanding - basic (in shares) 158.6 134.0 115.7
Exchangeable Shares      
Calculation of basic earnings (loss) per share:      
Weighted-average common shares outstanding - basic (in shares) 0.1 0.0 0.0
Convertible Notes      
Calculation of diluted earnings (loss) per share:      
Effective tax rate 22.00%