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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 1,674.8 $ 1,626.9 $ 3,348.1 $ 3,191.1
Operating expenses        
General and administrative 380.3 273.8 773.2 569.3
Depreciation and amortization 110.6 150.3 218.1 268.5
Total operating expenses 1,469.3 1,324.5 2,943.5 2,596.7
Operating income 205.5 302.4 404.6 594.4
Other income (expenses)        
Interest expense, net (115.6) (195.0) (228.6) (356.2)
Interest income 9.9 1.4 20.3 1.8
Income from unconsolidated affiliates 7.2 1.8 9.8 10.5
Gain on Barstool Acquisition, net 0.0 0.0 83.4 0.0
Gain on REIT transactions, net 0.0 0.0 500.8 0.0
Loss on early extinguishment of debt 0.0 (10.4) 0.0 (10.4)
Other 5.8 (17.8) 4.8 (58.5)
Total other income (expenses) (92.7) (220.0) 390.5 (412.8)
Income before income taxes 112.8 82.4 795.1 181.6
Income tax expense (34.7) (56.3) (202.6) (103.9)
Net income 78.1 26.1 592.5 77.7
Less: Net loss attributable to non-controlling interest 0.3 0.0 0.4 0.1
Net income attributable to PENN Entertainment $ 78.4 $ 26.1 $ 592.9 $ 77.8
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.51 $ 0.16 $ 3.86 $ 0.47
Diluted earnings per share (in dollars per share) $ 0.48 $ 0.15 $ 3.54 $ 0.45
Weighted average common shares outstanding - basic (in shares) 152.8 164.8 153.0 166.5
Weighted average common shares outstanding - diluted (in shares) 167.9 180.2 168.2 182.3
Gaming        
Revenues        
Total revenues $ 1,292.8 $ 1,325.6 $ 2,617.4 $ 2,616.8
Operating expenses        
Cost of revenue 710.6 713.6 1,440.1 1,400.2
Food, beverage, hotel, and other        
Revenues        
Total revenues 382.0 301.3 730.7 574.3
Operating expenses        
Cost of revenue $ 267.8 $ 186.8 $ 512.1 $ 358.7