Spin-Off of Real Estate Assets through a Real Estate Investment Trust (Tables)

12 Months Ended

Dec. 31, 2014

Spin-Off of Real Estate Assets through a Real Estate Investment Trust

Schedule of assets and liabilities contributed to GLPI

The assets and liabilities were contributed to GLPI based on their historical carrying values, which were as follows (in thousands):

Cash and cash equivalents	$	240,202
Current deferred income tax assets		6,157
Other current assets		3,116
Property and equipment, net		2,114,838
Goodwill		75,521
Other intangible assets		9,577
Debt issuance costs		39,862
Other assets		36,378
Accounts payable and accrued expenses		(16,055	)
Income taxes		(5,296	)
Other current liabilities		(12,312	)
Long-term debt		(2,350,000	)
Deferred income tax liabilities		(10,840	)
Net contribution	$	131,148