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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,863.9 $ 1,853.8
Accounts receivable, net 195.0 96.4
Prepaid expenses 132.3 103.5
Other current assets 32.4 31.3
Total current assets 2,223.6 2,085.0
Property and equipment, net 4,582.2 4,529.3
Investment in and advances to unconsolidated affiliates 255.1 266.8
Goodwill 2,822.5 1,157.1
Other intangible assets, net 1,872.6 1,513.5
Lease right-of-use assets 4,853.0 4,817.7
Other assets 263.1 297.9
Total assets 16,872.1 14,667.3
Current liabilities    
Accounts payable 53.3 33.2
Current maturities of long-term debt 99.5 81.4
Current portion of financing obligations 39.0 36.0
Current portion of lease liabilities 142.9 134.3
Accrued expenses and other current liabilities 798.5 575.1
Total current liabilities 1,133.2 860.0
Long-term debt, net of current maturities, debt discount and debt issuance costs 2,637.3 2,231.2
Long-term portion of financing obligations 4,057.8 4,096.4
Long-term portion of lease liabilities 4,628.6 4,578.2
Deferred income taxes 189.1 126.3
Other long-term liabilities 129.0 119.4
Total liabilities 12,775.0 12,011.5
Commitments and Contingencies
Stockholders’ equity    
Treasury stock, at cost, (2,167,393 shares held in both periods) (28.4) (28.4)
Additional paid-in capital 4,239.6 3,167.2
Accumulated deficit (86.5) (507.3)
Accumulated other comprehensive loss (54.4) 0.0
Total Penn National stockholders’ equity 4,097.8 2,656.2
Non-controlling interest (0.7) (0.4)
Total stockholders’ equity 4,097.1 2,655.8
Total liabilities and stockholders’ equity 16,872.1 14,667.3
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series C Preferred Stock    
Stockholders’ equity    
Preferred stock 0.0 0.0
Series D Preferred Stock    
Stockholders’ equity    
Preferred stock 25.8 23.1
Non-Exchangeable Common Stock    
Stockholders’ equity    
Common stock $ 1.7 $ 1.6
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Exchangeable Common Stock    
Stockholders’ equity    
Common stock $ 0.0 $ 0.0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01